STRATEGY STUDIO / PUBLIC DATA EXPLORER

LOCONTI FAMILY CHARITABLE TRUST: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
LOCONTI FAMILY CHARITABLE TRUST (EIN 46-2969014)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-10-05
IRS object ID
202012799349100616
Schema version
2019v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-10-05T12:38:45-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN232385520PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERT ROSSI and COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1299 Main St 2nd FlrAddressLine1Txt
CityOlyphantCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18447ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462969014EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOCONTI FAMILY CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOCOBusinessNameControlTxt
Phone8028492300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1126 PINNACLE FARM ROADAddressLine1Txt
CityJEFFERSONVILLECityNm
State AbbreviationVTStateAbbreviationCd
ZIP05464ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAIME MCCUTCHEONPersonNm
Person TitleTrusteePersonTitleTxt
Signature2020-10-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH ROSSI CPAPreparerPersonNm
PTINP01217405PTIN
Phone5708762300PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$797,137FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$23,093DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,882DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$24,648NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$74,883GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$24,648CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$147,741TotalRevAndExpnssAmt
Total Net Invst Incm$47,530TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,250AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,250AccountingFeesChrtblPrpsAmt
Tot Opr Expenses Rev And Expnss$1,250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,250TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$154,889ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$154,889ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$156,139TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$156,139TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,398ExcessRevenueOverExpensesAmt
Net Investment Income$47,530NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$156,674CashBOYAmt
Cash EOY$20,853CashEOYAmt
Cash EOYFMV$20,853CashEOYFMVAmt
Corporate Stock BOY$494,234CorporateStockBOYAmt
Corporate Stock EOY$621,657CorporateStockEOYAmt
Corporate Stock EOYFMV$776,284CorporateStockEOYFMVAmt
Total Assets BOY$650,908TotalAssetsBOYAmt
Total Assets EOY$642,510TotalAssetsEOYAmt
Total Assets EOYFMV$797,137TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$650,908RetainedEarningBOYAmt
Retained Earning EOY$642,510RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$650,908TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$642,510TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$650,908TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$642,510TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$650,908TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,398ExcessRevenueOverExpensesAmt
Subtotal$642,510SubtotalAmt
Tot Net Ast Or Fund Balances EOY$642,510TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property350 SHS APPLE INCPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2019-01-03AcquiredDt
Sold2019-05-01SoldDt
Gross Sales Price$74,883GrossSalesPriceAmt
Cost Or Other Basis$50,235CostOrOtherBasisAmt
Gain Or Loss$24,648GainOrLossAmt
Gains Minus Excess Or Losses$24,648GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$24,648CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$128,257AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$707,634NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.18125DistributionYr1Rt
Adjusted Qlfy Distri Yr2$108,421AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$725,490NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.14945DistributionYr2Rt
Adjusted Qlfy Distri Yr3$136,033AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$780,712NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.17424DistributionYr3Rt
Adjusted Qlfy Distri Yr4$145,347AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$885,394NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.16416DistributionYr4Rt
Adjusted Qlfy Distri Yr5$73,490AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$936,474NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.07848DistributionYr5Rt
Total Distribution0.747571TotalDistributionRt
Average Distribution0.149514AverageDistributionRt
Net Vl Noncharitable Assets$754,389NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$112,792AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$475NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$113,267AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$156,139QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$475InvestmentIncomeExciseTaxAmt
Subtotal$475SubtotalAmt
Tax Based On Investment Income$475TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,939EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,939TotalPaymentsAndCreditsAmt
Overpayment$1,464OverpaymentAmt
Applied To ES Tax$1,464AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateVTOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JAIME MCCUTCHEONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5708762300PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1126 PINNACLE FARM RDAddressLine1Txt
CityJEFFERSONVILLECityNm
State AbbreviationVTStateAbbreviationCd
ZIP05464ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJAIME MCCUTCHEONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1126 PINNACLE FARM ROADAddressLine1Txt
CityJEFFERSONVILLECityNm
State AbbreviationVTStateAbbreviationCd
ZIP05464ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos10.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$693,276AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$72,601AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$765,877TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$765,877AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,488CashDeemedCharitableAmt
Net Vl Noncharitable Assets$754,389NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,719MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,719MinimumInvestmentReturnAmt
Tax Based On Investment Income$475TaxBasedOnInvestmentIncomeAmt
Total Tax$475TotalTaxAmt
Distributable Before Adj$37,244DistributableBeforeAdjAmt
Distributable Before Ded$37,244DistributableBeforeDedAmt
Distributable As Adjusted$37,244DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$156,139ExpensesAndContributionsAmt
Qualifying Distributions$156,139QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$475PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$155,664AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,244DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$30,088ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$102,827ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$97,535ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$76,950ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$93,877ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$401,277TotalExcessDistributionCyovAmt
Qualifying Distributions$156,139QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$37,244AppliedToCurrentYearAmt
Remaining Distri From Corpus$118,895RemainingDistriFromCorpusAmt
Total Corpus$520,172TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$30,088ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$490,084ExcessDistriCyovToNextYrAmt
Excess From Year4$102,827ExcessFromYear4Amt
Excess From Year3$97,535ExcessFromYear3Amt
Excess From Year2$76,950ExcessFromYear2Amt
Excess From Year1$93,877ExcessFromYear1Amt
Excess From Current Year$118,895ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VERMONT ENGLISH BULLDOG RESCUE
170 LAMPLITE LANEWILLISTONVT05495N/APCSUPPORT NO-KILL ANIMAL SHELTER$11,306
ALL BREED RESCUE
491 INDUSTRIAL AVEWILLISTONVT05495N/APCSUPPORT NO-KILL ANIMAL SHELTER$63,583
ADDISON COUNTY HUMANE SOCIETY
236 BOARDMAN STMISSLEBURYVT05753N/APCSUPPORT NO-KILL ANIMAL SHELTER$12,000
NORTH COUNTRY ANIMAL LEAGUE
16 MOUNTAIN VIEW MEADOW RDMORRISVILLEVT05661N/APCSUPPORT NO-KILL ANIMAL SHELTER$15,000
CVHS
1589 ROUTE 14 SOUTHMONTPELIERVT05651N/APCSUPPORT NO-KILL ANIMAL SHELTER$30,000
VERMONT DOG RESCUE
PO BOX 597HINESBURGVT05461N/APCSUPPORT NO-KILL ANIMAL SHELTER$3,000
PASSION FOR PAWS
53 WEBSTER LANESHELBURNEVT05482N/APCSUPPORT NO-KILL ANIMAL SHELTER$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$154,889TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,093ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$24,648ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$47,741ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$47,741TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,250Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,250DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonJOANNE GARVEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line183 BRICK MILL ROADAddressLine1Txt
CityBEDFORDCityNm
State AbbreviationNHStateAbbreviationCd
ZIP03110ZIPCd