PETRUCCI FAMILY FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PETRUCCI FAMILY FOUNDATION INC (EIN 20-1601999)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-10-22
- IRS object ID
- 202022969349100207
- Schema version
- 2019v5.1
- 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 | 2020-10-22T09:26:45-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-10-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL A PETRECCA | PreparerPersonNm |
| PTIN | P00606274 | PTIN |
| Phone | 9087827300 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.202.92.98 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-06 | IPDt |
| IP Tm | 10:39:12 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 3FED34F3886AA2CBCEAB35D88571976B5C856E05 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $14,313,520 | 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 | $910,888 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $44,747 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $44,747 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $238,740 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $238,740 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $195,557 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $356,970 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $195,557 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,389,932 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $479,044 | 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 | $15,003 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $44,824 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $59,827 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $489,286 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $489,286 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $549,113 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $489,286 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $840,819 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $479,044 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,528,787 | CashBOYAmt |
| Cash EOY | $2,013,134 | CashEOYAmt |
| Cash EOYFMV | $2,013,134 | CashEOYFMVAmt |
| Corporate Stock BOY | $8,456,129 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,676,007 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,676,007 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,082,209 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,600,964 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,600,964 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $18,615 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,615 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $4,006 | OtherAssetsBOYAmt |
| Other Assets EOY | $23,415 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $23,415 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $13,071,131 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,313,520 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $14,313,520 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $13,071,131 | CapitalStockBOYAmt |
| Capital Stock EOY | $14,313,520 | 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 | $13,071,131 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,313,520 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,071,131 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,313,520 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,071,131 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $840,819 | ExcessRevenueOverExpensesAmt |
| Other Increases | $401,570 | OtherIncreasesAmt |
| Subtotal | $14,313,520 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,313,520 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|
| JP MORGAN 70153 | $356,970 | $356,970 | $356,970 | |
| JP MORGAN 70153 | -$161,241 | -$161,241 | $161,241 | |
| FROM K-1S | -$172 | -$172 | $172 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $195,557 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $602,186 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $9,775,754 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.061600 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $244,439 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $10,259,072 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.023827 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $343,073 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $6,130,616 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.055961 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $373,317 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $5,925,206 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.063005 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $272,308 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $6,125,897 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.044452 | DistributionYr5Rt |
| Total Distribution | 0.248845 | TotalDistributionRt |
| Average Distribution | 0.049769 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $9,903,990 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $492,912 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $4,790 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $497,702 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $489,286 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9,581 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $9,581 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $9,581 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,395 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $1,186 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,581 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
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 | $8,299,198 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,755,614 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,054,812 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,054,812 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $150,822 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,903,990 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $495,200 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $495,200 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,581 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,581 | TotalTaxAmt |
| Distributable Before Adj | $485,619 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $485,619 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $485,619 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $489,286 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $489,286 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $489,286 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $485,619 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $98,406 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $98,406 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $489,286 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $485,619 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,667 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $102,073 | 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 | $102,073 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $98,406 | ExcessFromYear1Amt |
| Excess From Current Year | $3,667 | ExcessFromCurrentYearAmt |
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 |
|---|---|---|---|---|---|---|---|
| AFRICAN AMERICAN CHAMBER OF COMMERCE | |||||||
| 379 WEST STATE STREET | TRENTON | NJ | 08618 | NONE | PC | CONTRIBUTION | $10,933 |
| ATHLIFE FOUNDATION | |||||||
| 101 S THIRD STREET SUITE 204 | EASTON | PA | 18042 | NONE | PC | CONTRIBUTION | $15,000 |
| BASECAMP 31 | |||||||
| 1250 ROUT 31 | LEBANON | NJ | 08833 | NONE | PC | CONTRIBUTION | $1,000 |
| CENTER FOR GRIEVING CHILDREN | |||||||
| 3300 HENRY AVE 110 | PHILADELPHIA | PA | 19129 | NONE | PC | CONTRIBUTION | $1,000 |
| CONTRIBUTIONS UNDER 1000 | |||||||
| 171 ROUTE 173 | ASBURY | NJ | 08802 | NONE | PC | CONTRIBUTION | $4,100 |
| DELBARTON SCHOOL | |||||||
| 2300 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $228,900 |
| FIVE STAR HEART PROJECT | |||||||
| 1211 LORRAIN AVENUE | BETHLEHEM | PA | 18018 | NONE | PC | CONTRIBUTION | $5,000 |
| HAMPTON UNIVERSITY MUSEUM | |||||||
| 100 E QUEEN STREET | HAMPTON | VA | 23669 | NONE | PC | CONTRIBUTION | $5,000 |
| IRVINGTON HS | |||||||
| 1253 CLINTON AVE | IRVINGTON | NJ | 071112438 | NONE | PC | CONTRIBUTION | $20,103 |
| PRINCETON UNIVERSITY | |||||||
| PRINCETON | PRINCETON | NJ | 08544 | NONE | PC | CONTRIBUTION | $1,250 |
| SECOND STREET YOUTH CENTER FOUNDATION | |||||||
| 935 S 2ND STREET | PLAINFIELD | NJ | 07063 | NONE | PC | CONTRIBUTION | $12,500 |
| ST MARY'S ABBEY | |||||||
| 230 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $2,500 |
| BRIGHT AND BEAUTIFUL THERAPY DOGS | |||||||
| 80 POWDER MILL ROAD | MORRIS PLAINS | NJ | 07950 | NONE | PC | CONTRIBUTION | $2,500 |
| CATHEDRAL OF ST JOHN THE BAPTIST | |||||||
| 381 GRAND ST | PATERSON | NJ | 07505 | NONE | PC | CONTRIBUTION | $15,000 |
| LUV ME MORE | |||||||
| PO BOX 419 | CLAYTON | NJ | 08312 | NONE | PC | CONTRIBUTION | $2,500 |
| HUNTERDON COUNTY SPECIAL OLYMPICS | |||||||
| 213 COUNTY ROAD 513 | GLEN GARDNER | NJ | 08826 | NONE | PC | CONTRIBUTION | $1,000 |
| TRUSTEES OF PRINCETON UNIVERSITY | |||||||
| 1 NASSAU HALL | PRINCETON | NJ | 08544 | NONE | PC | CONTRIBUTION | $6,500 |
| ARTS COUNCIL OF EAST ORANGE | |||||||
| PO BOX 2505 | EAST ORANGE | NJ | 07019 | NONE | PC | CONTRIBUTION | $5,000 |
| BEAUTIFUL BEAST OF HUNTERDON 5K | |||||||
| 37 HOFFMANS CROSSING ROAD | CALIFON | NJ | 07830 | NONE | PC | CONTRIBUTION | $1,000 |
| BIKE4CHAI | |||||||
| 106 CLIFTON AVENUE | LAKEWOOD | NJ | 08701 | NONE | PC | CONTRIBUTION | $2,500 |
| CAPE REGIONAL HEALTH SYSTEM | |||||||
| 2 STONE HARBOR BLVD | CAPE MAY COURTHOUSE | NJ | 08210 | NONE | PC | CONTRIBUTION | $5,000 |
| CAPITAL PHILHARMONIC OF NJ | |||||||
| 1 MEMORIAL DRIVE | TRENTON | NJ | 08608 | NONE | PC | CONTRIBUTION | $3,000 |
| COMMUNITY FOOD BANK OF NJ | |||||||
| 3 EVANS TERMINAL | HILLSIDE | NJ | 07205 | NONE | PC | CONTRIBUTION | $3,500 |
| CRUSH CURATORIAL | |||||||
| 526 W 26TH ST 709 | NEW YORK | NY | 10001 | NONE | PC | CONTRIBUTION | $3,000 |
| FAMILY SERVICE ASSOCIATION OF BUCKS COUNTY | |||||||
| 4 CORNERSTONE DR | LANGHORNE | PA | 19047 | NONE | PC | CONTRIBUTION | $2,500 |
| HALO ARTS PROJECT | |||||||
| 757 SIESTA KEY CIRCLE | SARASOTA | FL | 34242 | NONE | PC | CONTRIBUTION | $5,000 |
| IMAGINE | |||||||
| 244 CHEFFIELD ST | MOUNTAINSIDE | NJ | 07092 | NONE | PC | CONTRIBUTION | $2,500 |
| IRON HILL CHARITY GOLF EVENT | |||||||
| FIDDLERS ELBOW COUNTRY CLUB | BEDMINSTER | NJ | 07921 | NONE | PC | CONTRIBUTION | $10,000 |
| LEAD | |||||||
| 5 S MAIN STREET | ALLENTOWN | NJ | 08501 | NONE | PC | CONTRIBUTION | $1,000 |
| MATHENY | |||||||
| 65 HIGHLAND AVE | PEAPACK | NJ | 07977 | NONE | PC | CONTRIBUTION | $5,000 |
| MOUNTAINEER END ZONE CLUB | |||||||
| 51 CONFORTI AVE | WEST ORANGE | NJ | 07052 | NONE | PC | CONTRIBUTION | $2,500 |
| NEW JERSEY ORATORS | |||||||
| 120 FINDERNE AVE | BRIDGEWATER TWP | NJ | 08807 | NONE | PC | CONTRIBUTION | $5,000 |
| PORTLAND ART MUSEUM | |||||||
| 1219 SW PARK AVE | PORTLAND | OR | 97205 | NONE | PC | CONTRIBUTION | $10,000 |
| RETTSYNDROMEORG | |||||||
| 4600 DEVITT DR | WEST CHESTER TWP | OH | 45246 | NONE | PC | CONTRIBUTION | $5,000 |
| THE PECK SCHOOL | |||||||
| 247 SOUTH ST | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $78,000 |
| TRAVIS MANION FOUNDATION | |||||||
| 164 E STATE STREET | DOYLESTOWN | PA | 18901 | NONE | PC | CONTRIBUTION | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $489,286 | 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 | $44,747 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $238,740 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $195,557 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $283,487 | ExclusionAmt |
| Related Or Exempt Function Incm | $195,557 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $479,044 | 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 | $910,388 | 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 | $910,388 | FairMarketValueAmt |
| Received | 2019-07-23 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $8,676,007 | EOYBookValueAmt |
| EOYFMV | $8,676,007 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LIMITED PARTNERSHIPS | FMV | $199,322 | $199,322 |
| ARTWORK COLLECTION | AT COST | $3,372,099 | $3,372,099 |
| RISING TIDE LOAN FUND | FMV | $12,500 | $12,500 |
| PARKER DRILL LOAN | FMV | $17,043 | $17,043 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PREPAID TAXES | $4,006 | $2,449 | $2,449 |
| DUE FROM RELATED PARTY | $20,966 | $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 | $36,914 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $311 | $0 | $0 |
| OFFICE EXPENSE | $222 | $0 | $0 |
| K-1 OTHER INVESTMENT EXPENSE | $1,888 | $0 | $0 |
| K-1 OTHER INCOME(LOSS) | $5,310 | $0 | $0 |
| POSTAGE | $179 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN/LOSS ON SECURITIES | $377,985 |
| NONTAXABLE INCOME (M-1 ADJUSTMENT) PER K-1S | $23,585 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX EXPENSE | CategoryTxt |
| Amt | $15,003 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |