LEO S WALSH FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- LEO S WALSH FOUNDATION (EIN 20-1301554)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-06-20
- IRS object ID
- 201821719349100307
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-06-20T12:53:46-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SLK ADVISORY GROUP INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1981 MARCUS AVE-STE 227 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 201301554 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEO S WALSH FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JEFF REYNOLDS CPA | InCareOfNm |
| Business Name Control | LEOS | BusinessNameControlTxt |
| Phone | 5163528901 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 222 | AddressLine1Txt |
| City | WESTHAMPTON BEACH | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 119780222 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SANDRA WALSH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5163528901 | PhoneNum |
| Signature | 2018-06-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFF REYNOLDS CPA | PreparerPersonNm |
| PTIN | P01473337 | PTIN |
| Phone | 5163528901 | PhoneNum |
| Preparation | 2018-06-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,860,265 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $416,529 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $416,529 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $24,572 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,186,062 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $24,572 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $16,427 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $13,774 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $457,528 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $454,875 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $60,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $60,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,250 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $9,250 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $5,989 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $5,989 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $25,895 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $4,895 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,786 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $695 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,091 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $113,170 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $15,934 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $76,236 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $351,775 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $351,775 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $464,945 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $15,934 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $428,011 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$7,417 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $438,941 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $24,442 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,975 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,975 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $99,711 | CorporateStockBOYAmt |
| Corporate Stock EOY | $98,877 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $190,601 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $6,174,058 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $6,286,433 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $6,405,023 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,380,960 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,285,154 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,259,666 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $7,679,171 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,675,439 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,860,265 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $5,414,463 | CapitalStockBOYAmt |
| Capital Stock EOY | $5,414,463 | CapitalStockEOYAmt |
| Retained Earning BOY | $2,264,708 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,260,976 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,679,171 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,675,439 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,679,171 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,675,439 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,679,171 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$7,417 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,685 | OtherIncreasesAmt |
| Subtotal | $7,675,439 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $7,675,439 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (31 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 1,000 PFD SHS AMTRUST FIN'L 6.95% | P | 2016-09-20 | 2017-03-23 | $20,063 | $25,000 | -$4,937 | -$4,937 |
| 2,500 PFD SHS BANK OF AMERICA 6.2% | P | 2016-01-21 | 2017-01-06 | $63,676 | $62,500 | $1,176 | $1,176 |
| $1,000 SBR NOTES DOMINION ENERGY 5.25% | P | 2016-07-12 | 2017-02-15 | $23,194 | $25,000 | -$1,806 | -$1,806 |
| $9,600 SR NOTES GOVERNMENT PPTYS 5.875% | P | 2016-05-19 | 2017-02-10 | $239,541 | $240,000 | -$459 | -$459 |
| 137 SHS GROWTH FUND AMERICA INC | P | 2016-12-22 | 2017-02-27 | $6,146 | $5,809 | $337 | $337 |
| $3,000 SR NOTES OM ASSET MGMT 5.125% | P | 2016-07-27 | 2017-02-21 | $67,643 | $75,000 | -$7,357 | -$7,357 |
| $12,700 SR NOTES QWEST CORP 6.5% | P | 2016-08-11 | 2017-05-19 | $316,729 | $317,500 | -$771 | -$771 |
| $6,000 NOTES QWEST CORP 6.75% | P | 2017-04-18 | 2017-11-16 | $142,331 | $150,000 | -$7,669 | -$7,669 |
| 2,000 PFD SHS SUMMIT HOTEL PROP 6.45% | P | 2016-06-21 | 2017-02-24 | $48,593 | $50,000 | -$1,407 | -$1,407 |
| 3,500 PFD SHS AMTRUST FIN'L 7.75% | P | 2016-03-08 | 2017-03-23 | $77,083 | $87,500 | -$10,417 | -$10,417 |
| 1,426 SHS ARCH CAPITAL GROUP LTD | P | 2012-03-26 | 2017-09-18 | $35,650 | $35,650 | ||
| $4,000 SR NOTES ARLINGTON ASSET 6.75% | P | 2015-03-11 | 2017-07-25 | $96,499 | $100,000 | -$3,501 | -$3,501 |
| 2,000 PFD SHS BARCLAYS BK 7.1% | P | 2007-09-06 | 2017-03-15 | $50,000 | $50,000 | ||
| $100,000 CITIGROUP INC 5.95% | P | 2015-10-28 | 2017-10-27 | $108,244 | $99,756 | $8,488 | $8,488 |
| 2,070 SHS GROWTH FUND AMERICA INC | P | 2006-11-09 | 2017-02-27 | $90,868 | $73,466 | $17,402 | $17,402 |
| 1,944 PFD SHS HERCULES CAPITAL INC | P | 2014-07-09 | 2017-11-24 | $48,600 | $48,600 | ||
| 2,000 PFD SHS HOSPITALITY PROP TR 7.125% | P | 2012-01-13 | 2017-02-10 | $50,000 | $50,000 | ||
| 800 SR NOTES KKR FINANCIAL HOLDINGS | P | 2012-03-13 | 2017-04-25 | $20,000 | $20,002 | -$2 | -$2 |
| $25,000 OLIN CORP SR UNSECURED 5.5% | P | 2015-12-03 | 2017-08-15 | $26,416 | $24,256 | $2,160 | $2,160 |
| $200,000 OLIN CORP SR UNSECURED 5.5% | P | 2016-01-08 | 2017-08-15 | $211,325 | $197,006 | $14,319 | $14,319 |
| $4,000 NOTES PITNEY BOWES 6.7% | P | 2013-02-26 | 2017-11-16 | $89,126 | $100,000 | -$10,874 | -$10,874 |
| 1,000 PFD SHS PS BUSINESS PKS 6.45% | P | 2012-01-10 | 2017-01-18 | $25,000 | $25,000 | ||
| 6,000 PFD SHS TCF FIN'L CORP 6.45% | P | 2012-12-12 | 2017-04-18 | $153,851 | $150,000 | $3,851 | $3,851 |
| 2,000 DEP SHS WELLS FARGO 6.625% | P | 2013-12-11 | 2017-04-11 | $58,405 | $50,000 | $8,405 | $8,405 |
| 1,000 PFD SHS WELLS FARGO 5.7% | P | 2016-01-19 | 2017-02-10 | $24,895 | $25,000 | -$105 | -$105 |
| $25,000 PRUDENTIAL FINANCIAL 6% | P | 2009-01-14 | 2017-12-01 | $25,000 | $22,630 | $2,370 | $2,370 |
| $50,000 VERIZON COMMUNICATIONS 3.65% | P | 2013-09-16 | 2017-09-22 | $50,981 | $50,981 | ||
| 22 SHS CST BRANDS INC | P | 2007-01-03 | 2017-06-28 | $1,068 | $834 | $234 | $234 |
| HOSPITALITY PROP TRUST-CASH LIQUIDATION | P | 2017-02-10 | $247 | $0 | $247 | $247 | |
| PS BUSINESS PKS INC-CASH LIQUIDATION | P | 2017-01-18 | $76 | $0 | $76 | $76 | |
| CAPITAL GAIN DIVIDENDS | P | $14,812 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $24,572 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $379,482 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $7,611,117 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.049859 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $371,932 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $7,603,645 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.048915 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $346,096 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $7,598,770 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.045546 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $363,592 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,429,381 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04894 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $402,363 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,476,795 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.053815 | DistributionYr5Rt |
| Total Distribution | 0.247075 | TotalDistributionRt |
| Average Distribution | 0.049415 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $7,819,493 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $386,400 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $4,389 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $390,789 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $428,011 | 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 | $4,389 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,389 | SubtotalAmt |
| Tax Based On Investment Income | $4,389 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $17,332 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $17,332 | TotalPaymentsAndCreditsAmt |
| Overpayment | $12,943 | OverpaymentAmt |
| Applied To ES Tax | $12,943 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JEFF REYNOLDS CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5163528901 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O SLK-1981 MARCUS AVE-STE 227 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| SANDRA WALSH | ||||||||
| PO BOX 222 | WEST HAMPTON BEACH | NY | 119780222 | PRESIDENT/SECRETARY | 25.0 | $30,000 | $0 | $0 |
| DEVON WALSH | ||||||||
| 75 EAST END AVENUE-APT5H | NEW YORK | NY | 10028 | VICE PRESIDENT/TREASURER | 25.0 | $30,000 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,508,293 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $87,811 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,342,468 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,938,572 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,938,572 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $119,079 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,819,493 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $390,975 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $390,975 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,389 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,389 | TotalTaxAmt |
| Distributable Before Adj | $386,586 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $386,586 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $386,586 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $428,011 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $428,011 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $4,389 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $423,622 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $386,586 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $236,531 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $428,011 | QualifyingDistributionsAmt |
| Applied To Year1 | $236,531 | AppliedToYear1Amt |
| Applied To Current Year | $191,480 | 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 |
| Undistributed Income CY | $195,106 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SANDRA WALSH | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAMES SEE ATTACHED SCHEDULE #2 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ADDRESSES ON FILE IN OFFICE | AddressLine1Txt |
| Address Line2 | LEO S WALSH FOUNDATION-PO BOX 222 | AddressLine2Txt |
| City | WESTHAMPTON BEACH | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 119780222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | RELATIONSHIP: NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | THE PURPOSE OF THE CASH CONTRIBUTIONS IS TO AID EACH DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION. | GrantOrContributionPurposeTxt |
| Amt | $351,775 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $351,775 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $416,529 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,653 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $13,774 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $24,572 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,653 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $454,875 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $457,528 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & TAX PREP FEES | CategoryTxt |
| Amt | $18,500 | Amt |
| Net Investment Income | $9,250 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,250 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SEE SCHEDULE 1 ATTACHED | $6,091,433 | $6,211,953 |
| 195,000 ROYAL BK OF CANADA 6% | $195,000 | $193,070 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 400 SHS ALTRIA GROUP INC | $7,409 | $28,564 |
| 200 SHS ANADARKO PETE | $11,201 | $10,728 |
| 200 SHS BANK OF AMERICA | $10,726 | $5,904 |
| 200 SHS CHEVRON CORP | $14,501 | $25,038 |
| 300 SHS PHILIP MORRIS INTL INC | $13,058 | $31,695 |
| 200 SHS VALERO ENERGY CP DELA | $9,366 | $18,382 |
| 350 SHS JOHNSON & JOHNSON | $22,921 | $48,902 |
| 200 SHS JPMORGAN CHASE & CO | $9,695 | $21,388 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (20 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 5,000 SHS NUVEEN CR OPPORT | $50,000 | $47,450 |
| 650 SHS ALLIANZ NFJ DIV | $12,726 | $8,483 |
| 252 SHS ALPINE TOTAL DYNAMIC | $10,070 | $2,386 |
| 766 SHS BLACKROCK DEBT STRAT | $16,813 | $8,962 |
| 500 SHS BLACKROCK EN INT DIV | $7,291 | $3,260 |
| 850 SHS EATON VANCE LTD DURAT | $15,810 | $11,603 |
| 500 SHS EATON VANCE TAX MGD | $6,477 | $4,690 |
| 1,900 SHS INVESCO VAN KAMPEN | $16,887 | $8,341 |
| 1,000 SHS PIMCO HIGH INCOME FD | $15,673 | $7,460 |
| 1,273 SHS AMG GW&K ENHANCED | $11,528 | $12,489 |
| 9,338 SHS THORNBURG LTD TRM | $125,315 | $124,855 |
| 22,817 SHS PRUDENTIAL ABSOLUT | $222,733 | $227,945 |
| 5,266 SHS PIMCO UNCONSTRAINED | $57,728 | $56,982 |
| 4,885 SHS MAINSTAY HIGH YIELD | $25,958 | $27,940 |
| 18,384 SHS FEDERATED STRATEGIC | $98,568 | $112,693 |
| 2,958 SHS FIDELITY ADV NEW | $74,423 | $81,760 |
| 5,978 SHS GUGGENHEIM TOTAL RET | $159,977 | $162,612 |
| 10,798 SHS JANUS GLB UNCONSTR. | $105,157 | $103,333 |
| 18,994 SHS JPMORGAN STRAT INC | $224,072 | $219,196 |
| 2,512 SHS LORD ABBETT CORE FIX | $27,948 | $27,226 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| PAYROLL PROCESSING FEES | $1,600 | $1,600 | |
| POSTAGE EXPENSE | $226 | $226 | |
| FILING FEES | $250 | $250 | |
| BOND PREMIUM AMORTIZATION | $695 | $695 | |
| BANK SERVICE FEES | $15 | $15 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| THRU ENERGY TRANSFER PARTNERS-PTP | $506 | $506 |
| THRU KKR FINANCIAL HOLDINGS LLC-PTP | $7,146 | $7,146 |
| LESS UBIT AMOUNT REPORTED ON FORM 990-T | -$2,653 | |
| OTHER INCOME THRU RBC | $8,775 | $8,775 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK TO TAX TIMING INCOME DIFFERENCES | Desc |
| Amt | $3,685 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PAYROLL TAXES | $4,895 | $4,895 |
| FEDERAL UBIT TAXES | $1,000 | |
| FEDERAL EXCISE TAXES | $20,000 |