PETRUCCI FAMILY FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PETRUCCI FAMILY FOUNDATION INC (EIN 20-1601999)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2022-02-15
- IRS object ID
- 202220469349100222
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-02-15T11:21:38-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221732349 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WISS & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 BARTLES CORNER ROAD | AddressLine1Txt |
| City | FLEMINGTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08822 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201601999 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETRUCCI FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PETR | BusinessNameControlTxt |
| Phone | 9087306909 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 ROUTE 173 NO 201 | AddressLine1Txt |
| City | ASBURY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08802 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES G PETRUCCI | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 9087306909 | PhoneNum |
| Signature | 2022-02-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JAMES | PersonFirstNm |
| Person Last | PETRUCCI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL A PETRECCA | PreparerPersonNm |
| PTIN | P00606274 | PTIN |
| Phone | 9087827300 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $13,334,646 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,361,842 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $15,235 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $15,235 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $234,984 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $234,984 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $53,037 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $103,184 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $53,037 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,665,098 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $303,256 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Taxes Rev And Expnss | $9,584 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $44,135 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $745 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $53,719 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $745 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,020,053 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,020,053 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,073,772 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $745 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,020,053 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $591,326 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $302,511 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,013,134 | CashBOYAmt |
| Cash EOY | $654,657 | CashEOYAmt |
| Cash EOYFMV | $654,657 | CashEOYFMVAmt |
| Corporate Stock BOY | $8,676,007 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,700,009 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,700,009 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,600,964 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,965,011 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,965,011 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $18,615 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,615 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $23,415 | OtherAssetsBOYAmt |
| Other Assets EOY | $14,969 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $14,969 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,313,520 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,334,646 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,334,646 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $14,313,520 | CapitalStockBOYAmt |
| Capital Stock EOY | $13,334,646 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,313,520 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $13,334,646 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,313,520 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $13,334,646 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,313,520 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $591,326 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $14,904,846 | SubtotalAmt |
| Other Decreases | $1,570,200 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $13,334,646 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| SHORT TERM JP MORGAN 70153 | P | $33,339 | $33,339 | $33,339 | |
| LONG TERM JP MORGAN 70153 | P | $68,717 | $68,717 | $68,717 | |
| FRACTIONAL SHS | P | $27 | $27 | $27 | |
| SHORT TERM ML 03529 | P | $1,101 | $1,101 | $1,101 | |
| LONG TERM ML 03529 | P | -$50,147 | -$50,147 | $50,147 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $53,037 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,205 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,205 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,205 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,584 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,584 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $35 | EsPenaltyAmt |
| Overpayment | $5,344 | OverpaymentAmt |
| Applied To ES Tax | $5,344 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | PFFCOLLECTION.COM | WebsiteAddressTxt |
| Individual With Books | JEANNE PETRUCCI | IndividualWithBooksNm |
| Phone | 9087306909 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 ROUTE 173 SUITE 201 | AddressLine1Txt |
| City | ASBURY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JAMES G PETRUCCI | ||||||||
| 171 ROUTE 173 SUITE 201 | ASBURY | NJ | 08802 | TRUSTEE - P/T | 5.00 | $0 | $0 | $0 |
| JEANNE PETRUCCI | ||||||||
| 171 ROUTE 173 SUITE 201 | ASBURY | NJ | 08802 | TRUSTEE - P/T | 5.00 | $0 | $0 | $0 |
| EMILIA ROSE SOCHOVKA | ||||||||
| 171 ROUTE 173 SUITE 201 | ASBURY | NJ | 08802 | TRUSTEE - P/T | 5.00 | $0 | $0 | $0 |
| JOSEPH RONALD JAMES PETRUCCI | ||||||||
| 171 ROUTE 173 SUITE 201 | ASBURY | NJ | 08802 | TRUSTEE - P/T | 5.00 | $0 | $0 | $0 |
| MICHAEL PETRECCA | ||||||||
| 5 BARTLES CORNER ROAD | FLEMINGTON | NJ | 08822 | TRUSTEE - P/T | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION DOES NOT MAINTAIN A PROGRAM OF CHARITABLE ACTIVITIES AS DEFINED IN THE INSTRUCTIONS FOR FORMS 990-PF. THE FOUNDATION DOES INCUR NOMINAL EXPENSES TO AID DONEES. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION DOES NOT MAINTAIN ANY PROGRAM-RELATED INVESTMENTS. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,854,874 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,330,928 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,185,802 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $8,185,802 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $122,787 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $8,063,015 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $403,151 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $403,151 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,205 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,205 | TotalTaxAmt |
| Distributable Before Adj | $398,946 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $398,946 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $398,946 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,020,053 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,020,053 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,020,053 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $398,946 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $98,406 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,667 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $102,073 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,020,053 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $398,946 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $621,107 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $723,180 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $723,180 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $98,406 | ExcessFromYear2Amt |
| Excess From Year1 | $3,667 | ExcessFromYear1Amt |
| Excess From Current Year | $621,107 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (40 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AFRICAN AMERICAN CHAMBER OF COMMERCE | |||||||
| 379 WEST STATE STREET | TRENTON | NJ | 08618 | NONE | PC | CONTRIBUTION | $16,533 |
| BAKER INDUSTRIES | |||||||
| 184 PENNSYLVANIA AVENUE | MALVERN | PA | 19355 | NONE | PC | CONTRIBUTION | $10,000 |
| BRIGHT HOPE | |||||||
| 1034 HAMILTON STREET | ALLENTOWN | PA | 18101 | NONE | PC | CONTRIBUTION | $10,000 |
| CANCER SUPPORT COMMUNITY OF SOMERSET | |||||||
| 3 CROSSROADS DRIVE | BEDMINSTER | NJ | 07921 | NONE | PC | CONTRIBUTION | $20,000 |
| CARE NET | |||||||
| 44180 RIVERSIDE PARKWAY | LANDSDOWNE | PA | 20176 | NONE | PC | CONTRIBUTION | $10,000 |
| CATHEDRAL OF ST JOHN THE BAPTIST | |||||||
| 381 GRAND ST | PATERSON | NJ | 07505 | NONE | PC | CONTRIBUTION | $10,000 |
| CHESTER CHILDRENS CHORUS AT SWARTHMORE COLLEGE | |||||||
| 500 COLLEGE AVE | SWARTHMORE | PA | 19081 | NONE | PC | CONTRIBUTION | $2,500 |
| COMMUNITY ACTION COMMITTEE | |||||||
| 1337 EAST FIFTH STREET | BETHLEHEM | PA | 18015 | NONE | PC | CONTRIBUTION | $30,000 |
| CONTRIBUTIONS UNDER 1000 | |||||||
| 171 ROUTE 173 | ASBURY | NJ | 08802 | NONE | PC | CONTRIBUTION | $21,950 |
| DELBARTON SCHOOL | |||||||
| 2300 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $436,000 |
| ESSEX REGIONAL ESC | |||||||
| 369 PASSAIC AVE | FAIRFIELD | NJ | 07004 | NONE | PC | CONTRIBUTION | $7,500 |
| FIVE STAR HEART PROJECT | |||||||
| 1211 LORRAIN AVENUE | BETHLEHEM | PA | 18018 | NONE | PC | CONTRIBUTION | $1,500 |
| HALO ARTS PROJECT | |||||||
| 757 SIESTA KEY CIRCLE | SARASOTA | FL | 34242 | NONE | PC | CONTRIBUTION | $7,500 |
| IRVINGTON HS | |||||||
| 1253 CLINTON AVE | IRVINGTON | NJ | 071112438 | NONE | PC | CONTRIBUTION | $7,594 |
| LUV ME MORE | |||||||
| PO BOX 419 | CLAYTON | NJ | 08312 | NONE | PC | CONTRIBUTION | $2,500 |
| MORAVIAN COLLEGE | |||||||
| 1200 MAIN STREET | BETHLEHEM | PA | 18018 | NONE | PC | CONTRIBUTION | $40,000 |
| NEW BETHANY MINISTRIES | |||||||
| 339 W 4TH STREET | BETHLEHEM | PA | 18015 | NONE | PC | CONTRIBUTION | $1,000 |
| NORTHAMPTON COMMUNITY COLLEGE FOUNDATION | |||||||
| 3835 GREEN POND ROAD | BETHLEHEM | PA | 18020 | NONE | PC | CONTRIBUTION | $40,000 |
| RARITAN HEADWATER | |||||||
| PO BOX 273 | GLADSTONE | NJ | 07934 | NONE | PC | CONTRIBUTION | $10,000 |
| SECOND HARVEST FOOD BANK | |||||||
| 6969 SILVER CREST RD | NAZARETH | PA | 18064 | NONE | PC | CONTRIBUTION | $10,000 |
| SECOND STREET YOUTH CENTER FOUNDATION | |||||||
| 935 S 2ND STREET | PLAINFIELD | NJ | 07063 | NONE | PC | CONTRIBUTION | $5,750 |
| ST MARY'S ABBEY | |||||||
| 230 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $35,000 |
| SWARTHMORE COLLEGE | |||||||
| 500 COLLEGE AVE | SWARTHMORE | PA | 19081 | NONE | PC | CONTRIBUTION | $81,000 |
| THE PECK SCHOOL | |||||||
| 247 SOUTH ST | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $92,650 |
| TRUSTEES OF PRINCETON UNIVERSITY | |||||||
| 1 NASSAU HALL | PRINCETON | NJ | 08544 | NONE | PC | CONTRIBUTION | $6,600 |
| VILLA WALSH ACADEMY | |||||||
| 455 WESTERN AVE | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $10,000 |
| MORRIS HABITAT FOR HUMANITY | |||||||
| 274 S SALEM ST | RANDOLPH | NJ | 07869 | NONE | PC | CONTRIBUTION | $5,000 |
| SEEVE FAMILY ENDOWED SCHOLARSHIP FUND | |||||||
| WILLIAM PATERSON UNIVESITY | WAYNE | NJ | 07470 | NONE | PC | CONTRIBUTION | $1,000 |
| CORNERSTONE FAMILY PROGRAMS | |||||||
| 80 WASHINGTON ST | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $2,000 |
| CITY OF PLAINFIELD COVID 19 RELIEF FUND | |||||||
| 515 WATCHUNG AVE | PLAINFIELD | NJ | 17060 | NONE | PC | CONTRIBUTION | $5,000 |
| NEW JERSEY HISPANIC BAR FOUNDATION | |||||||
| PO BOX 25562 | NEWARK | NJ | 07101 | NONE | PC | CONTRIBUTION | $1,500 |
| BRIGHT HORIZONS | |||||||
| 200 TALCOTT AVE | WATERTOWN | MA | 02472 | NONE | PC | CONTRIBUTION | $2,500 |
| JUNIOR LEAGUE OF THE LEHIGH VALLEY | |||||||
| PO BOX 282 | BETHLEHEM | PA | 18015 | NONE | PC | CONTRIBUTION | $1,000 |
| COMMUNITY RESPONSE | |||||||
| 171 ROUTE 173 | ASBURY | NJ | 08802 | NONE | PC | CONTRIBUTION | $10,476 |
| HYDROCEPHOULUS ASSOCIATION | |||||||
| 4340 E WEST HWY STE 905 | BETHESDA | MD | 20814 | NONE | PC | CONTRIBUTION | $2,500 |
| AMERICAN CANCER SOCIETY | |||||||
| 250 WILLIAMS ST NW | ATLANTA | GA | 30303 | NONE | PC | CONTRIBUTION | $2,500 |
| CHICAGO HOPE ACADEMY | |||||||
| 2189 W BOWLER ST | CHICAGO | IL | 60612 | NONE | PC | CONTRIBUTION | $5,000 |
| PRINCETON FOOTBALL ASSOCIATION | |||||||
| PRINCETON UNIVERSITY | PRINCETON | NJ | 08544 | NONE | PC | CONTRIBUTION | $50,000 |
| WEST ORANGE BOARD OF EDUCATION | |||||||
| 179 EAGLE ROCK AVE | WEST ORANGE | NJ | 07052 | NONE | PC | CONTRIBUTION | $5,000 |
| AJ FOUNDATION FOR CHILDREN | |||||||
| PO BOX 234 | WYCOMBE | PA | 18980 | NONE | PC | CONTRIBUTION | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,020,053 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $15,235 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $234,984 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $53,037 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $250,219 | ExclusionAmt |
| Related Or Exempt Function Incm | $53,037 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $303,256 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | FUNDS RECEIVED FROM INVESTMENT IN SECURITIES ARE USED TO ENABLE THE FOUNDATION TO CONTINUE THEIR CHARITABLE EFFORTS. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | JAMES G PETRUCCI | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 ROUTE 173 SUITE 201 | AddressLine1Txt |
| City | ASBURY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,350,842 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 37,200 SHARES FNMAT, 43,210 SHARES FNMAJ, 3,000 SHARES FNMFN | NoncashPropertyDesc |
| Fair Market Value | $1,350,842 | FairMarketValueAmt |
| Received | 2020-12-07 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $8,700,009 | EOYBookValueAmt |
| EOYFMV | $8,700,009 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LIMITED PARTNERSHIPS | FMV | $194,661 | $194,661 |
| ARTWORK COLLECTION | AT COST | $3,742,762 | $3,742,762 |
| RISING TIDE LOAN FUND | FMV | $12,500 | $12,500 |
| PARKER DRILL LOAN | FMV | $15,088 | $15,088 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PREPAID TAXES | $2,449 | $2,449 | $2,449 |
| DUE FROM RELATED PARTY | $20,966 | $12,520 | $12,520 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN/LOSS ON SECURITIES | $1,570,192 |
| NONTAXABLE INCOME (M-1 ADJUSTMENT) PER K-1S | $8 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $33,262 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $382 | $0 | $0 |
| OFFICE EXPENSE | $41 | $0 | $0 |
| WEBSITE | $142 | $0 | $0 |
| K-1 OTHER INVESTMENT EXPENSE | $4,869 | $745 | $0 |
| K-1 OTHER INCOME(LOSS) | $737 | $0 | $0 |
| INSURANCE | $4,702 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX EXPENSE | CategoryTxt |
| Amt | $9,584 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |