THE PAPITTO FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE PAPITTO FOUNDATION (EIN 05-0426569)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201843199349100614
- Schema version
- 2017v2.3
- 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 Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- 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 | 2018-11-15T07:44:45-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 2017-01-01 | 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 | RALPH R PAPITTO | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 4012751925 | PhoneNum |
| Signature | 2018-11-02 | 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 | 2018-10-31 | 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 | 2018-11-02 | IPDt |
| IP Tm | 11:14:13 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 229E3B8F572FFC672A504ADA78A0B24EB81A3F48 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B987966F4672BA7D5764CC012205D48FFF821460 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $16,423,500 | 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 | $55,015 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $55,015 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $55,015 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $260,406 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $257,823 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $260,406 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,880 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $727,315 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,880 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $322,301 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $319,718 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $315,421 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $5,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $5,000 | 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 | $51,728 | 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 |
| Other Prof Fees Rev And Expnss | $700 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $700 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $942 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $942 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $16,282 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,993 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,765 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $319 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $78,417 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $14,954 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $145,200 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $145,200 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $223,617 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $14,954 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $145,200 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $98,684 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $304,764 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $315,421 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,025,544 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,607,313 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,607,313 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,083,484 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,985,630 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,686,446 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,087,855 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $773,583 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $766,636 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,789,004 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,667,352 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,155,999 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $207,106 | OtherAssetsBOYAmt |
| Other Assets EOY | $207,106 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $207,106 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,192,993 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,240,984 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,423,500 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $371,819 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $2,754,943 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,802,934 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,192,993 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,240,984 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,192,993 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,240,984 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,192,993 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $98,684 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $9,291,677 | SubtotalAmt |
| Other Decreases | $50,693 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,240,984 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (18 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| MAGELLAN MIDSTREAM PARTNERS | P | $1 | $1 | ||||
| MAGELLAN MIDSTREAM PARTNERS | P | $20 | $20 | ||||
| DELL TECH | P | -$2,398 | -$2,398 | 2009-05-22 | 2017-05-15 | $1,456 | $3,854 |
| ENVISION HEALTHCARE | P | -$2,484 | -$2,484 | 2015-10-07 | 2017-05-15 | $5,730 | $8,214 |
| GENERAL ELECTRIC | P | -$4,553 | -$4,553 | 2017-11-13 | $11,613 | $16,166 | |
| O'REILLY AUTO | P | -$2,331 | -$2,331 | 2015-10-07 | 2017-06-26 | $18,999 | $21,330 |
| O'REILLY AUTO | P | -$411 | -$411 | 2015-10-07 | 2017-06-26 | $3,353 | $3,764 |
| PALO ALTO | P | -$3,665 | -$3,665 | 2015-10-07 | 2017-06-26 | $13,702 | $17,367 |
| ULTRA BEAUTY | P | $12,576 | $12,576 | 2015-07-23 | 2017-06-16 | $29,525 | $16,949 |
| VALEANT PHARAMA | P | -$7,347 | -$7,347 | 2012-01-18 | 2017-05-15 | $2,863 | $10,210 |
| DOUBLELINE TOTAL RETURN | P | -$2 | -$2 | 2015-12-15 | 2017-06-26 | $498 | $500 |
| DREYFUS EMRG MKTS | P | -$25,253 | -$25,253 | 2017-11-30 | $248,802 | $274,055 | |
| PETROBRAS INTL | P | -$918 | -$918 | 2017-06-22 | $97,880 | $98,798 | |
| TIME WARNER | P | -$1,570 | -$1,570 | 2017-04-10 | $25,070 | $26,640 | |
| VERIZON COMM | P | -$3,916 | -$3,916 | 2017-04-24 | $88,812 | $92,728 | |
| UNION PACIFIC | P | $0 | $0 | $90,000 | $90,000 | ||
| PACIFIC GAS ELECTRIC | P | -$90 | -$90 | $39,791 | $39,881 | ||
| Capital Gains Dividends | P | $49,221 | $49,221 | $49,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,880 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$89 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $667,229 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $13,877,006 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.048082 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $369,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $13,465,630 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.027403 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $0 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $13,222,269 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.000000 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $530,611 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $12,123,700 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.043766 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $368,790 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $10,800,324 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.034146 | DistributionYr5Rt |
| Total Distribution | 0.153397 | TotalDistributionRt |
| Average Distribution | 0.030679 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $15,082,438 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $462,714 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,048 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $465,762 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $145,200 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,095 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $6,095 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $6,095 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,453 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $14,453 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $8,358 | OverpaymentAmt |
| Applied To ES Tax | $8,358 | 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 | RALPH R 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 | 2016 | UndistributedIncomePY1Yr |
| Undistributed Income PY2 | 2014 | UndistributedIncomePY2Yr |
| Undistributed Income PY3 | 2013 | 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 |
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 |
|---|---|---|---|---|---|---|---|---|
| RALPH R PAPITTO | ||||||||
| 10101 COLLINS AVE | BAL HARBOUR | FL | 33154 | PRESIDENT | 10.00 | $5,000 | $0 | $0 |
| BARBARA A PAPITTO | ||||||||
| 10101 COLLINS AVE | BAL HARBOUR | FL | 33154 | SECRETARY | 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 | TREASURER | 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 | $15,312,120 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,312,120 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,312,120 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $229,682 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,082,438 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $754,122 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $754,122 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,095 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,095 | TotalTaxAmt |
| Distributable Before Adj | $748,027 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $748,027 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $748,027 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $145,200 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $145,200 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $145,200 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $748,027 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $689,050 | UndistributedIncomePYAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Total For Prior Years | $876,982 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $145,200 | QualifyingDistributionsAmt |
| Applied To Year1 | $145,200 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $0 | 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 | $876,982 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $876,982 | Taxable1Amt |
| Taxable2 | $543,850 | Taxable2Amt |
| Undistributed Income CY | $748,027 | 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 | RALPH R PAPITTO | ContributingManagerNm |
| Contributing Manager | BARBARA A PAPITTO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 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 | $15,000 |
| CATHOLIC CHARITIES APPEAL | ||||||
| 450 HIGHLAND AVE | FALL RIVER | MA | 02720 | EXEMPT | GENERAL FUND | $5,000 |
| HOLY APOSTLES CHURCH | ||||||
| 800 PIPPIN ORCHARD RD | CRANSTON | RI | 02921 | EXEMPT | GENERAL FUND | $10,000 |
| LITTLE SISTERS OF THE POOR RI | ||||||
| 964 MAIN STREET | PAWTUCKET | RI | 02860 | EXEMPT | GENERAL FUND | $3,000 |
| MARIAM HOSPITAL | ||||||
| 164 SUMMIT AVE | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $3,000 |
| REFOCUS INC | ||||||
| 45 GREELEY ST | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $10,000 |
| RI RIGHT TO LIFE COMMITTEE | ||||||
| PO BOX 28285 | PROVIDENCE | RI | 02908 | EXEMPT | GENERAL FUND | $10,000 |
| SAINT MARY ACADEMY BAY VIEW | ||||||
| 3070 PAWTUCKET AVE | RIVERSIDE | RI | 02915 | EXEMPT | GENERAL FUND | $50,000 |
| SCALABRINI DUKCEVICH CENTER | ||||||
| 300 LAUREL HILL AVE | PROVIDENCE | RI | 02909 | EXEMPT | GENRAL FUND | $5,000 |
| UNITED WAY | ||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02909 | EXEMPT | GENERAL FUND | $30,000 |
| BUTTON HOLE | ||||||
| ONE BUTTON HOLE DR | PROVIDENCE | RI | 02909 | EXEMPT | GENERAL FUND | $1,200 |
| ST JUDE CHILDREN'S HOSPITAL | ||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 38105 | EXEMPT | GENERAL FUND | $2,000 |
| ST EDWARD FOOD & WELLNESS CENTER | ||||||
| 1001 BRANCH AVE | PROVIDENCE | RI | 02904 | EXEMPT | GENERAL FUND | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $145,200 | 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 | $55,015 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $260,406 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $49,221 | ExclusionAmt |
| Related Or Exempt Function Incm | -$42,341 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $364,642 | ExclusionAmt |
| Related Or Exempt Function Incm | -$42,341 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $322,301 | 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 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORP BONDS | BondNm |
| EOY Book Value | $773,583 | EOYBookValueAmt |
| EOYFMV | $766,636 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORP STOCK | StockNm |
| EOY Book Value | $4,985,630 | EOYBookValueAmt |
| EOYFMV | $11,686,446 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BOND FUNDS | AT COST | $90,000 | $89,855 |
| EQUITY FUNDS | AT COST | $1,410,701 | $1,820,871 |
| OTHER | AT COST | $159,126 | $237,748 |
| MAGELLAN MIDSTREAM PTNRS | AT COST | $7,525 | $7,525 |
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 (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BASIS ADJUSTMENT - BONDS | $49,712 |
| NON DEDUCTIBLE EXPENSE (MAGELLAN K-I) | $981 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL FEES | $3,396 | $0 | $0 | $0 |
| MAGELLAN | $319 | $319 | $0 | $0 |
| RI SECRETARY OF STATE | $50 | $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 | $700 | Amt |
| Net Investment Income | $700 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES | $7,993 | $7,993 | $0 | $0 |
| P/R TAXES | $8,289 | $0 | $0 | $0 |