PETRUCCI FAMILY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PETRUCCI FAMILY FOUNDATION INC (EIN 20-1601999)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-09
- IRS object ID
- 202203139349101530
- Schema version
- 2021v4.2
- 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 Expenses Schedule
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-09T13:00:36-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 173 201 | 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 | 2022-10-27 | 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 | XXX-XX-XXXX | 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 | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | 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 | $20,710,455 | 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 | $6,001,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $22,888 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $22,888 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $227,546 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $227,546 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $909,360 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $911,086 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $909,360 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $7,160,794 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,159,794 | 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 | $29 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $58,940 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $58,969 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $353,987 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $353,987 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $412,956 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $353,987 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,747,838 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,159,794 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $654,657 | CashBOYAmt |
| Cash EOY | $7,252,251 | CashEOYAmt |
| Cash EOYFMV | $7,252,251 | CashEOYFMVAmt |
| Corporate Stock BOY | $8,700,009 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,980,856 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,980,856 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,965,011 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,477,348 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,477,348 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $18,615 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,615 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $14,969 | OtherAssetsBOYAmt |
| Other Assets EOY | $23,415 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $13,334,646 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,733,870 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,710,455 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $13,334,646 | CapitalStockBOYAmt |
| Capital Stock EOY | $20,733,870 | 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 | $13,334,646 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,733,870 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,334,646 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,733,870 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,334,646 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,747,838 | ExcessRevenueOverExpensesAmt |
| Other Increases | $651,386 | OtherIncreasesAmt |
| Subtotal | $20,733,870 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $20,733,870 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| JP MORGAN | P | $738 | $738 | $738 | |
| JP MORGAN | P | $910,348 | $910,348 | $910,348 | |
| MERRILL LYNCH | P | -$2 | -$2 | $2 | |
| FROM K-1S | P | -$1,724 | -$1,724 | $1,724 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $909,360 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,121 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,121 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,121 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,344 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $24,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $29,344 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $13,223 | OverpaymentAmt |
| Applied To ES Tax | $13,223 | 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 | WWW.PETRUCCIFAMILYFOUNDATION.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 | $8,989,930 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,263,837 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,253,767 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,253,767 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $153,807 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,099,960 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $504,998 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $504,998 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,121 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,121 | TotalTaxAmt |
| Distributable Before Adj | $488,877 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $488,877 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $488,877 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $353,987 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $353,987 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $488,877 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $98,406 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,667 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $128,338 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $230,411 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $353,987 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $353,987 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $134,890 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $134,890 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $95,521 | 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 | $95,521 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $95,521 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (36 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 101ST AIRBORNE DVISION ASSOCIATION | |||||||
| 32 SCREAMING EAGLE BLFD | FORT CAMPBELL | KY | 42223 | NONE | PC | CONTRIBUTION | $2,500 |
| AFRICAN AMERICAN CHAMBER OF COMMERCE | |||||||
| 379 WEST STATE STREET | TRENTON | NJ | 08618 | NONE | PC | CONTRIBUTION | $4,267 |
| BAKER INDUSTRIES | |||||||
| 184 PENNSYLVANIA AVENUE | MALVERN | PA | 19355 | NONE | PC | CONTRIBUTION | $5,000 |
| 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 | $10,000 |
| CARE NET | |||||||
| 44180 RIVERSIDE PARKWAY | LANDSDOWNE | PA | 20176 | NONE | PC | CONTRIBUTION | $5,000 |
| CATHEDRAL OF ST JOHN THE BAPTIST | |||||||
| 381 GRAND ST | PATERSON | NJ | 07505 | NONE | PC | CONTRIBUTION | $25,000 |
| CHAI LIFELINE | |||||||
| 151 W 30TH STREET | NEW YORK | NY | 10001 | NONE | PC | CONTRIBUTION | $1,000 |
| COMMUNITY ACTION COMMITTEE | |||||||
| 1337 EAST FIFTH STREET | BETHLEHEM | PA | 18015 | NONE | PC | CONTRIBUTION | $3,000 |
| CONTRIBUTIONS UNDER 1000 | |||||||
| 171 ROUTE 173 | ASBURY | NJ | 08802 | NONE | PC | CONTRIBUTION | $4,675 |
| DELBARTON SCHOOL | |||||||
| 2300 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $52,917 |
| FAMILY SERVICE ASSOCIATION OF BUCKS COUNTY | |||||||
| 4 CORNERSTONE DR | LANGHORNE | PA | 19047 | NONE | PC | CONTRIBUTION | $2,500 |
| IRVINGTON HS | |||||||
| 1253 CLINTON AVE | IRVINGTON | NJ | 071112438 | NONE | PC | CONTRIBUTION | $4,894 |
| MATHENY | |||||||
| 65 HIGHLAND AVE | PEAPACK | NJ | 07977 | NONE | PC | CONTRIBUTION | $5,000 |
| NORTHAMPTON COMMUNITY COLLEGE FOUNDATION | |||||||
| 3835 GREEN POND ROAD | BETHLEHEM | PA | 18020 | NONE | PC | CONTRIBUTION | $20,000 |
| ORGANIZATION FOR AUTISM RESEARCH | |||||||
| 2000 14TH ST N SUITE 240 | ARLINGTON | VA | 22201 | NONE | PC | CONTRIBUTION | $1,000 |
| RARITAN HEADWATER | |||||||
| PO BOX 273 | GLADSTONE | NJ | 07934 | NONE | PC | CONTRIBUTION | $5,500 |
| SAINT ROCK HAITI FOUNDATION | |||||||
| 372 GRANITE AVE 1 | MILTON | MA | 02186 | NONE | PC | CONTRIBUTION | $5,000 |
| SECOND STREET YOUTH CENTER FOUNDATION | |||||||
| 935 S 2ND STREET | PLAINFIELD | NJ | 07063 | NONE | PC | CONTRIBUTION | $5,000 |
| ST LUKE'S UNIVERSITY HEALTH NETWORK | |||||||
| 801 OSTRUM ST | FOUNTAIN HILL | PA | 18015 | NONE | PC | CONTRIBUTION | $20,000 |
| 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 | $5,000 |
| SAINT MARY'S ABBEY | |||||||
| 230 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $1,500 |
| FEEDING AMERICA | |||||||
| 161 NORTH CLARK STREET SUITE 700 | CHICAGO | IL | 60601 | NONE | PC | CONTRIBUTION | $2,500 |
| RUSH PHILANTHROPIC ARTS FOUNDATION | |||||||
| 4954 OLD YORK ROAD | PHILADELPHIA | PA | 19141 | NONE | PC | CONTRIBUTION | $19,000 |
| AMERICAN INSTITUTE FOR CANCER RESEARCH | |||||||
| PO BOX 97167 | WASHINGTON | DC | 20090 | NONE | PC | CONTRIBUTION | $30,000 |
| NEWARK MOONLIGHT CINEMA | |||||||
| 220 ORANGE ST | NEWARK | NJ | 07103 | NONE | PC | CONTRIBUTION | $5,000 |
| DIVERSITY IN DIETETICS | |||||||
| 120 S RIVERSIDE PLAZA SUITE 2160 | CHICAGO | IL | 60601 | NONE | PC | CONTRIBUTION | $61,134 |
| PLUCKEMIN PRESYTERIAN CHURCH | |||||||
| 279 US HIGHWAY 202 | PLUCKEMIN | NJ | 07978 | NONE | PC | CONTRIBUTION | $5,000 |
| EMPOWER THE VILLAGE | |||||||
| 178 EAST HANOVER | HANOVER | NJ | 07927 | NONE | PC | CONTRIBUTION | $5,000 |
| WEST ORANGE MOUNTAINEER ENDZONE | |||||||
| 179 EAGLE ROCK AVE | WEST ORANGE | NJ | 07052 | NONE | PC | CONTRIBUTION | $1,500 |
| MINSI TRAILS COUNCIL | |||||||
| 991 POSTAL ROAD | ALLENTOWN | PA | 18109 | NONE | PC | CONTRIBUTION | $6,500 |
| EMMANUEL CANCER FOUNDATION | |||||||
| 77 BRANT AVE SUITE 304 | CLARK | NJ | 07066 | NONE | PC | CONTRIBUTION | $1,000 |
| GREATER NEWARK HOLIDAY FUND | |||||||
| 866-292 US HIGHWAY 1 | NEWARK | NJ | 07101 | NONE | PC | CONTRIBUTION | $5,000 |
| WOODMERE ART MUSEUM | |||||||
| 9201 GERMANTOWN AVE | PHILADELPHIA | PA | 19118 | NONE | PC | CONTRIBUTION | $2,000 |
| NORTHAMPTON COUNTY HISTORICAL AND GENEALOGICAL SOCIETY | |||||||
| 342 NORTHAMTON ST | EASTON | PA | 18042 | NONE | PC | CONTRIBUTION | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $353,987 | 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 | $22,888 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $227,546 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $909,360 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,159,794 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,159,794 | 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 | $6,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $8,980,856 | EOYBookValueAmt |
| EOYFMV | $8,980,856 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LIMITED PARTNERSHIPS | FMV | $191,025 | $191,025 |
| ARTWORK COLLECTION | AT COST | $4,250,672 | $4,250,672 |
| RISING TIDE LOAN FUND | FMV | $12,500 | $12,500 |
| PARKER DRILL LOAN | FMV | $18,151 | $8,151 |
| BLANK AND LATINO INVESTMENT FUND | FMV | $5,000 | $15,000 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PREPAID TAXES | $2,449 | $2,449 |
| DUE FROM RELATED PARTY | $12,520 | $20,966 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $37,086 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $104 | $0 | $0 |
| K-1 OTHER INVESTMENT EXPENSE | $806 | $0 | $0 |
| K-1 OTHER INCOME(LOSS) | $4,379 | $0 | $0 |
| INSURANCE | $5,565 | $0 | $0 |
| CONSULTING | $11,000 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN/LOSS ON SECURITIES | $649,150 |
| NONTAXABLE INCOME (M-1 ADJUSTMENT) PER K-1S | $2,236 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE TAX | CategoryTxt |
| Amt | $29 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |