THE PAPITTO FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE PAPITTO FOUNDATION (EIN 05-0426569)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-09
- IRS object ID
- 202023149349100922
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-09T11:43:41-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 050479760 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDSAGER BARTLETT & PIERONI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1275 WAMPANOAG TRAIL | AddressLine1Txt |
| City | EAST PROVIDENCE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02915 | 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 | 050426569 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAPITTO FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAPI | BusinessNameControlTxt |
| Phone | 4012751925 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 WATER VALLEY ROAD | AddressLine1Txt |
| City | HOPE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02831 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA A PAPITTO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4012751925 | PhoneNum |
| Signature | 2020-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Edward P Pieroni | PreparerPersonNm |
| PTIN | P00189634 | PTIN |
| Phone | 4012729100 | PhoneNum |
| Preparation | 2020-11-02 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 98.191.58.143 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-02 | IPDt |
| IP Tm | 11:21:50 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 62647341F362909615C57ACCF8F2A5D706B613EF | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 2937A1644A88CEA0EF9C925404BB1466CE055141 | 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 | $16,591,788 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
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 | $13,825 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $13,825 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $13,825 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $252,228 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $248,819 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $252,228 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,817,082 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,483,236 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,817,082 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $6,083,135 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,079,726 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $266,053 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $65,876 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,036 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $21,121 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $21,121 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $938 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $938 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,392 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $104,363 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $22,059 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,837,800 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,837,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,942,163 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $22,059 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,837,800 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,140,972 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,057,667 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $266,053 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,835,912 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $232,047 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $232,047 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $4,946,864 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,838,227 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,920,204 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $362,843 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $4,953,906 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,944,577 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,000,850 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $255,198 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $287,854 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $207,106 | OtherAssetsBOYAmt |
| Other Assets EOY | $207,106 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $207,106 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,353,575 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,486,484 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,591,788 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $6,066,231 | CapitalStockBOYAmt |
| Capital Stock EOY | $6,066,231 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $371,819 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $368,819 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $2,915,525 | RetainedEarningBOYAmt |
| Retained Earning EOY | $7,051,434 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,353,575 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $13,486,484 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,353,575 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $13,486,484 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,353,575 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,140,972 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $13,494,547 | SubtotalAmt |
| Other Decreases | $8,063 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $13,486,484 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| MAGELLAN MIDSTREAM PTNRS | P | $18,845 | $6,884 | $11,961 | $11,961 |
| MAGELLAN MIDSTREAM PTNRS | P | $7 | $7 | ||
| SCHWAB - 6290 | P | $985,168 | $955,181 | $29,987 | $29,987 |
| SCHWAB - 6290 | P | $11,477,330 | $5,704,096 | $5,773,234 | $5,773,234 |
| Capital Gains Dividends | P | $1,893 | $1,893 | $1,893 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,817,082 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $29,987 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $499,718 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $15,262,629 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.032741 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $145,200 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $15,082,438 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.009627 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $667,229 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $13,877,006 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.048082 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $369,000 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $13,465,630 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.027403 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $0 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $13,222,269 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.000000 | DistributionYr5Rt |
| Total Distribution | 0.117853 | TotalDistributionRt |
| Average Distribution | 0.023571 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $15,326,783 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $361,268 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $60,577 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $421,845 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,837,800 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $60,577 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $60,577 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $60,577 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,976 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $65,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $68,976 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $89 | EsPenaltyAmt |
| Overpayment | $8,310 | OverpaymentAmt |
| Applied To ES Tax | $8,310 | 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 | RI | 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 | BARBARA A PAPITTO | IndividualWithBooksNm |
| Phone | 4012751925 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 WATER VALLEY ROAD | AddressLine1Txt |
| City | HOPE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02831 | 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 | Yes (1) | UndistributedIncomePYInd |
| Undistributed Income PY1 | 2017 | UndistributedIncomePY1Yr |
| Undistributed Income PY2 | 2016 | UndistributedIncomePY2Yr |
| Undistributed Income PY3 | 2014 | UndistributedIncomePY3Yr |
| Undistr Incm Sect4942a2 Not App | Yes (1) | UndistrIncmSect4942a2NotAppInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| BARBARA A PAPITTO | ||||||||
| 6 WATER VALLEY RD | HOPE | RI | 02831 | PRESIDENT/DIRECTOR | 10.00 | $0 | $0 | $0 |
| DAVID PAPITTO | ||||||||
| 117 WHITE BIRCH CIRCLE | HOPE | RI | 02831 | DIRECTOR | 10.00 | $0 | $0 | $0 |
| EDWARD P PIERONI | ||||||||
| 1275 WAMPANOAG TRAIL SUITE 1 | EAST PROVIDENCE | RI | 02915 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| JOHN A TARANTINO | ||||||||
| ONE CITIZENS PLAZA 8TH FLOOR | PROVIDENCE | RI | 02903 | DIRECTOR | 0.00 | $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 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
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 | $15,560,186 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,560,186 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,560,186 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $233,403 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,326,783 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $766,339 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $766,339 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $60,577 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $60,577 | TotalTaxAmt |
| Distributable Before Adj | $705,762 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $705,762 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $705,762 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,837,800 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,837,800 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $60,577 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,777,223 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $705,762 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $755,749 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $1,661,759 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,837,800 | QualifyingDistributionsAmt |
| Applied To Year1 | $755,749 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $705,762 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $376,289 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $376,289 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $1,661,759 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $1,661,759 | 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 | $376,289 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $376,289 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BARBARA A PAPITTO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AVE MARIA UNIVERSITY | ||||||
| 5050 AVE MARIA BLVD | AVE MARIA | FL | 34142 | EXEMPT | GENERAL FUND | $50,000 |
| BRYANT UNIVERSITY | ||||||
| 1150 DOUGLAS PIKE | SMITHFIELD | RI | 02917 | EXEMPT | GENERAL FUND | $1,000,000 |
| BUTTON HOLE | ||||||
| ONE BUTTON HOLE DR | PROVIDENCE | RI | 02909 | EXEMPT | GENERAL FUND | $3,000 |
| CATHOLIC CHARITIES APPEAL | ||||||
| 450 HIGHLAND AVE | FALL RIVER | MA | 02720 | EXEMPT | GENERAL FUND | $16,000 |
| HOLY APOSTLES CHURCH | ||||||
| 800 PIPPIN ORCHARD RD | CRANSTON | RI | 02921 | EXEMPT | GENERAL FUND | $25,000 |
| HOPE ALZHEIMER'S CENTER | ||||||
| 25 BRAYTON AVE | CRANSTON | RI | 02920 | EXEMPT | GENERAL FUND | $10,000 |
| LITTLE SISTERS OF THE POOR RI | ||||||
| 964 MAIN STREET | PAWTUCKET | RI | 02860 | EXEMPT | GENERAL FUND | $6,000 |
| MARIAM HOSPITAL | ||||||
| 164 SUMMIT AVE | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $8,000 |
| READ TO SUCCEED | ||||||
| 6 WATER VALLEY RD | HOPE | RI | 02831 | EXEMPT | GENERAL FUND | $200,000 |
| REFOCUS INC | ||||||
| 45 GREELEY ST | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $50,000 |
| RI RIGHT TO LIFE COMMITTEE | ||||||
| PO BOX 28285 | PROVIDENCE | RI | 02908 | EXEMPT | GENERAL FUND | $26,000 |
| SAINT MARY ACADEMY BAY VIEW | ||||||
| 3070 PAWTUCKET AVE | RIVERSIDE | RI | 02915 | EXEMPT | GENERAL FUND | $115,000 |
| SCALABRINI DUKCEVICH CENTER | ||||||
| 300 LAUREL HILL AVE | PROVIDENCE | RI | 02909 | EXEMPT | GENRAL FUND | $10,000 |
| ST EDWARD FOOD & WELLNESS CENTER | ||||||
| 1001 BRANCH AVE | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $4,000 |
| ST JUDE CHILDREN'S HOSPITAL | ||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 38105 | EXEMPT | GENERAL FUND | $4,000 |
| THE RI FOUNDATION | ||||||
| 1 UNION STATION | PROVIDENCE | RI | 12903 | EXEMPT | GENERAL FUND | $5,000 |
| UNITED WAY | ||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02909 | EXEMPT | GENERAL FUND | $60,000 |
| MEETING STREET SCHOOL | ||||||
| 1000 EDDY ST | PROVIDENCE | RI | 02905 | EXEMPT | GENERAL FUND | $5,000 |
| SISTERS OF MERCY | ||||||
| 15 HIGHLAND VIEW RD | CUMBERLAND | RI | 02864 | EXEMPT | GENERAL FUND | $10,000 |
| ST MARY'S HOME FOR THE CHILDREN | ||||||
| 420 FRUIT HILL AVE | NORTH PROVIDENCE | RI | 02911 | EXEMPT | GENERAL FUND | $5,000 |
| AMERICAN LUNG ASSOC | ||||||
| 260 W EXCHANGE ST | PROVIDENCE | RI | 02903 | EXEMPT | GENERAL FUND | $2,000 |
| MIDDLEBRIDGE SCHOOL | ||||||
| 333 OCEAN RD | NARRAGANSETT | RI | 02882 | EXEMPT | GENERAL FUND | $10,000 |
| KIDS KLUB | ||||||
| 1440 MINERAL SPRING AVE | NORTH PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $300 |
| COMMUNITY PREPARATORY SCHOOL | ||||||
| 135 PRAIRIE AVE | PROVIDENCE | RI | 02905 | EXEMPT | GENERAL FUND | $100,000 |
| THE CATHOLIC FOUNDATION | ||||||
| 1 CATHEDRAL SQUARE | PROVIDENCE | RI | 02903 | EXEMPT | GENERAL FUND | $100,000 |
| ROGER WILLIAMS LAW SCHOOL | ||||||
| 10 METACOM AVE | BRISTOL | RI | 02809 | EXEMPT | GENERAL FUND | $1,000 |
| SXA ALUMNAE SCHOLARSHIP FUND | ||||||
| 136 WEST 21ST ST 6TH FLOOR | NEW YORK | NY | 10011 | EXEMPT | GENERAL FUND | $5,000 |
| MCAULEY MINISTRIES | ||||||
| 622 ELMWOOD AVE | PROVIDENCE | RI | 02907 | EXEMPT | GENERAL FUND | $5,000 |
| BISHOP MCVINNEY CATHOLIC SCHOOL | ||||||
| 155 GORDON AVE | PROVIDENCE | RI | 02905 | EXEMPT | GENERAL FUND | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,837,800 | 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 | $13,825 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $252,228 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,893 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,815,189 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $267,946 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,815,189 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,083,135 | 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 | N/A | LineNumberTxt |
| Relationship Statement | N/A | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $10,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORP BONDS | BondNm |
| EOY Book Value | $4,953,906 | EOYBookValueAmt |
| EOYFMV | $4,944,577 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORP STOCK | StockNm |
| EOY Book Value | $7,838,227 | EOYBookValueAmt |
| EOYFMV | $10,920,204 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OTHER | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $255,198 | BookValueAmt |
| EOYFMV | $287,854 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $2,036 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Other | $83,313 | $83,313 | $83,313 |
| Other Asset | $123,793 | $123,793 | $123,793 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BASIS ADJUSTMENT - | $4,563 |
| FEDERAL TAX PAYMENT | $3,000 |
| NON DEDUCTIBLE EXPENSE | $500 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL FEES | $3,628 | $0 | $0 | $0 |
| MAGELLAN | $1 | $0 | $0 | $0 |
| RI SECRETARY OF STATE | $50 | $0 | $0 | $0 |
| SUPPLIES | $713 | $0 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES-CHARLES SCHWAB | CategoryTxt |
| Amt | $21,121 | Amt |
| Net Investment Income | $21,121 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $938 | Amt |
| Net Investment Income | $938 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |