TINA AND RICHARD V CAROLAN FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- TINA AND RICHARD V CAROLAN FOUNDATION INC (EIN 22-3085237)
- Tax period
- 2019-12-01 to 2020-11-30
- Filed
- 2021-10-14
- IRS object ID
- 202132879349101508
- Schema version
- 2019v5.2
- 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
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-10-14T08:58:27-05:00 | ReturnTs |
| Tax Period End | 2020-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135420320 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sullivan & Cromwell LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 Broad Street | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100042498 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223085237 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tina and Richard V Carolan Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TINA | BusinessNameControlTxt |
| Phone | 9087661040 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 East Main Street No 507 | AddressLine1Txt |
| City | Mendham | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07945 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tina Carolan | PersonNm |
| Person Title | Vice-President | PersonTitleTxt |
| Phone | 9087661040 | PhoneNum |
| Signature | 2021-10-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Charles M Amorese | PreparerPersonNm |
| PTIN | P01211922 | PTIN |
| Phone | 2125584000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $19,129,866 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,766 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,766 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $270,082 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $270,082 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $174,157 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,226,533 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $174,157 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $448,005 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $448,005 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $50,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $25,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $25,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $9,000 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $9,000 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $67,251 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $33,626 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $33,625 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $13,776 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $387 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $387 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $140,414 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $59,013 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $67,625 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $739,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $739,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $879,914 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $59,013 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $807,125 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$431,909 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $388,992 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $386,320 | CashBOYAmt |
| Cash EOY | $502,923 | CashEOYAmt |
| Cash EOYFMV | $502,923 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,027,664 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $424,044 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $424,044 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,584,242 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $18,017,289 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $6,667,504 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $145,308 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $185,610 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,081,488 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,656,517 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $19,129,866 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $6,938 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,938 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $8,081,488 | CapitalStockBOYAmt |
| Capital Stock EOY | $7,649,579 | 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 | $8,081,488 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,649,579 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,081,488 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,656,517 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,081,488 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$431,909 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $7,649,579 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,649,579 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| BNY Mellon MacQuire Index | 2019-12-31 | 2020-08-30 | $644,811 | $0 | $718,386 | -$73,575 | -$73,575 |
| BNY Mellon MacQuire Active | 2018-11-30 | 2020-11-20 | $434,199 | $0 | $163,648 | $270,551 | $270,551 |
| BNY Mellon MacQuire Active | 2019-12-31 | 2020-08-30 | $123,939 | $0 | $137,346 | -$13,407 | -$13,407 |
| Less 12/31/20 sales | 2018-11-30 | 2020-11-20 | $23,564 | $32,988 | -$9,424 | -$9,424 | |
| Add 12/31/19 sales | 2018-11-30 | 2019-11-20 | $20 | $8 | $12 | $12 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $174,157 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $548,800 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $16,794,478 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.032677 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $633,704 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $12,267,367 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051658 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $675,835 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $12,267,367 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.055092 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $662,749 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $12,410,519 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.053402 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $613,184 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $13,085,139 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.046861 | DistributionYr5Rt |
| Total Distribution | 0.239690 | TotalDistributionRt |
| Average Distribution | 0.047938 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $18,129,919 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $869,112 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,890 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $873,002 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $807,125 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,780 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,780 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,780 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $2,220 | OverpaymentAmt |
| Applied To ES Tax | $2,220 | 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 | Yes (1) | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | Tina Carolan | IndividualWithBooksNm |
| Phone | 9087664010 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 Main Street Suite 507 | AddressLine1Txt |
| City | Mendham | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07945 | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| Tina Carolan | ||||||||
| 88 East Main Street | Mendham | NJ | 07945 | President | 0.25 | $0 | $0 | $0 |
| Richard C Carolan | ||||||||
| 88 East Main Street | Mendham | NJ | 07945 | Vice-President and Treasurer | 0.50 | $50,000 | $0 | $0 |
| Kimberly Carolan-Faga | ||||||||
| 88 East Main Street | Mendham | NJ | 07945 | Vice President and Secretary | 0.25 | $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 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $17,339,567 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,066,442 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $18,406,009 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $18,406,009 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $276,090 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $18,129,919 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $906,496 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $906,496 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,780 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,780 | TotalTaxAmt |
| Distributable Before Adj | $898,716 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $898,716 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $898,716 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $807,125 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $807,125 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $807,125 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $898,716 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $768,405 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $807,125 | QualifyingDistributionsAmt |
| Applied To Year1 | $768,405 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $38,720 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $859,996 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Tina Carolan | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Tina and Richard V Carolan | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 East Main Street Suite 507 | AddressLine1Txt |
| City | Mendham | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07945 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9087664010 | RecipientPhoneNum |
| Form And Info And Materials | Applications are accepted in letter form and should include evidence of the applicant's tax status or a statement that its status had not changed since it last filed a grant request with the Foundation. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | No Submission Deadlines | SubmissionDeadlinesTxt |
| Restrictions On Awards | No Restrictions or Limitations on Awards. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Star Track Cycling Inc | |||||||
| 8 West 19th Street 5th Floor | New York | NY | 10011 | None | 501(c)(3) | Vehicle Purchase | $15,000 |
| Long Beach Township PBA 373 | |||||||
| 6805 Long Beach Blvd | Brant Beach | NJ | 08008 | None | 501(c)(3) | Community policing and DARE program | $10,000 |
| Stafford Twp PBA Local 297 | |||||||
| PO Box 746 | Manahawkin | NJ | 08050 | None | 501(c)(3) | Program of Community Policing Efforts and DARE Program | $10,000 |
| Team Type 1 Foundation | |||||||
| 2144 Hills Ave Suite A | Atlanta | GA | 30318 | None | 501(c)(3) | Global Ambassador Scholarship Program, and TT1 Junior Racing Team | $50,000 |
| Royal Palm Academy | |||||||
| 16100 Livingston Road | Naples | FL | 34110 | None | 501(c)(3) | Construction and Building Upgrades | $25,000 |
| Naples Therapeutic Riding Center | |||||||
| 206 Ridge Drive | Naples | FL | 34108 | None | 501(c)(3) | Equipment Upgrades | $25,000 |
| NICA New Jersey League | |||||||
| PO Box 224 | Chester | NJ | 07930 | None | 501(c)(3) | Equipment purchase and Upgrades | $25,000 |
| Armenian Apostolic Church of America Eastern Prelacy | |||||||
| 138 East 39th Street | New York | NY | 10016 | None | 501(c)(3) | Construction cost for new pews at the Cathedral of St. Gregory the Illuminator | $65,000 |
| Armenian Apostolic Church of America Eastern Prelacy | |||||||
| 138 East 39th Street | New York | NY | 10016 | None | 501(c)(3) | Office Equipment Upgrades | $25,000 |
| USA Cycling Foundation | |||||||
| 210 USA Cycling Point | Colorado Springs | CO | 80919 | None | 501(c)(3) | Development and Youth Cycling Initiative | $75,000 |
| Foundation for Morristown Medical Center | |||||||
| 475 South Street | Morristown | NJ | 07960 | None | 501(c)(3) | Equipment to aid in the Coronavirus pandemic | $50,000 |
| Armenian Apostolic Church of America Eastern Prelacy | |||||||
| 138 East 39th Street | New York | NY | 10016 | None | 501(c)(3) | Relief effort at the Holy Sea of Cilicia | $25,000 |
| Memorial Sloan Kettering | |||||||
| 885 Second Avenue 8th Floor | New York | NY | 10017 | None | 501(c)(3) | The second installment of a five year pledge for biomarker research. | $50,000 |
| Long Beach Island Community Center | |||||||
| 4700 Long Beach Blvd | Brant Beach | NJ | 08008 | None | 501(c)(3) | Roof repair construction | $25,000 |
| Southern Ocean Medical Center Foundation | |||||||
| 1140 Route 72 West | Manahawkin | NJ | 08050 | None | 501(c)(3) | Purchase of one Arctic Sun Machine | $30,000 |
| Armenian National Committee of America | |||||||
| 1711 N Street NW | Washington | DC | 20036 | None | 501(c)(3) | Equipment upgrades for Social Media Outreach Program | $100,000 |
| ACF Western USA Inc | |||||||
| 104 N Belmont Street Suite 300 | Glendale | CA | 91206 | None | 501(c)(3) | Program of Relief Effort in Kharapagh | $100,000 |
| New Jersey Bicycling Association | |||||||
| 8 Michael Way | Pennington | NJ | 08534 | None | 501(c)(3) | Purchase of 250 timing chips to be used at select NJBA events | $14,500 |
| Foundation for Morristown Medical Center | |||||||
| 475 South Street | Morristown | NJ | 07960 | None | 501(c)(3) | Purchase of 30 Pulse Oximeters | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $739,500 | 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 | $3,766 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $270,082 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $174,157 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $448,005 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $448,005 | TotalIncomeProducingActyAmt |
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 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (33 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 38,500 shares SPDR S&P 500 ETF Trust | $4,726,098 | $13,939,310 |
| 430 shs Accenture PLC | $105,619 | $107,109 |
| 1,000 shs Abbott Laboratories | $33,694 | $108,220 |
| 120 shs Alphabet, Inc | $75,925 | $211,289 |
| 55 shs Amazon.Com,Inc. | $11,949 | $174,242 |
| 900 shs Amphenol Corp., NEW | $15,708 | $117,729 |
| 2,000 shs Apple Inc. | $25,553 | $238,100 |
| 1,925 shs Bank of America Corp., | $43,900 | $54,208 |
| 3,500 shs Blackstone Group, Inc. | $112,407 | $208,425 |
| 1,000 shs CVS Health Corrp. | $66,540 | $67,790 |
| 600 Capital One Financial Corp., | $45,118 | $51,384 |
| 1,000 shs Chevron Corp., | $97,942 | $87,180 |
| 1,000 shs Coca-Cola Company | $31,325 | $51,600 |
| 350 shs Costco Whsi Corp NEW | $35,855 | $137,120 |
| 800 shs Danaher Corp., | $30,778 | $179,704 |
| 615 shs Walt Disney Company | $71,385 | $91,026 |
| 1,200 shs Fiserv Inc., | $38,933 | $138,216 |
| 325 shs Fortive Corp., | $5,234 | $22,792 |
| 550 shs Home Depot Inc., | $37,863 | $152,576 |
| 700 shs Honeywell Intl Inc., | $32,682 | $142,744 |
| 1,200 shs JP Morgan Chase & Co. | $43,185 | $141,456 |
| 500 shs Johnson & Johnson | $35,530 | $72,340 |
| 1,000 shs Marsh & McLennan Cos Inc. | $41,479 | $114,640 |
| 360 shs MasterCard Inc., | $100,862 | $121,144 |
| 1,200 shs Merck & Co., Inc. | $77,252 | $96,468 |
| 800 shs Microsoft Cotp., | $87,602 | $171,256 |
| 1,250 shs Oracle Corp., | $33,395 | $72,150 |
| 600 Procter & Gamble Company | $32,212 | $83,322 |
| 320 shs The Trade Desk, Inc. | $19,086 | $288,342 |
| 575 Visa Inc-Class A Shares | $108,496 | $120,951 |
| 130 shs Vontier Corp., Common | $906 | $4,312 |
| 3,600 shs Williams Cos Inc | $85,215 | $75,528 |
| 4,400 shs ISHARES TR S & P Smallcap 600 | $274,514 | $374,616 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Sullivan & Cromwell LLP | CategoryTxt |
| Legal Fees | $9,000 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,000 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|
| $84,624 | $85,608 |
| $60,684 | $100,002 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investment Fees - SPDR - Gold Trust | Desc |
| Revenue And Expenses Per Books | $387 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $387 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $6,938 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Fees Index Funds #2 | $42,698 | $21,349 | $21,349 |
| Investment Management Fees Active Funds #1 | $24,553 | $12,277 | $12,276 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Excise Tax fiscal year ended 11-30-19 | $3,776 | $0 | $0 |
| Excise Tax fiscal year ended 11-30-20 | $10,000 | $0 | $0 |