STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

PETRO FAMILY FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
PETRO FAMILY FOUNDATION INC (EIN 52-2373545)
Tax period
2017-07-01 to 2018-06-30
Filed
2018-11-07
IRS object ID
201803119349100105
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-07T08:09:57-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN592858029PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARO BAGWELL & COMPANY CPAS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11900 BOOTHE CIR STE 104AddressLine1Txt
CityLONGWOODCityNm
State AbbreviationFLStateAbbreviationCd
ZIP327506751ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN522373545EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETRO FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPETRBusinessNameControlTxt
Phone4076540155PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113506 SUMMERPORT VILLAGE PKWY 535AddressLine1Txt
CityWINDERMERECityNm
State AbbreviationFLStateAbbreviationCd
ZIP34786ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNATALIE WALLACEPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone4093992404PhoneNum
Signature2018-11-07SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOANNE M MCCARTER CPAPreparerPersonNm
PTINP01651687PTIN
Phone4076471717PhoneNum
Preparation2018-11-07PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.189.105.115IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-07IPDt
IP Tm07:09:57IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id6BCB21A6C3A3176D64BCC1DBA14117032A0F6D5BAtSubmissionCreationDeviceId
At Submission Filing Device Id6BCB21A6C3A3176D64BCC1DBA14117032A0F6D5BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$380,566FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$102,417ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$172InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$172InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$172InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$1,603DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,603DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,603DividendsAdjNetIncmAmt
Total Rev And Expnss$104,192TotalRevAndExpnssAmt
Total Net Invst Incm$1,775TotalNetInvstIncmAmt
Total Adj Net Incm$1,775TotalAdjNetIncmAmt
Taxes Rev And Expnss$61TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$61TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$59,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$59,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$59,761TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$59,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$44,431ExcessRevenueOverExpensesAmt
Net Investment Income$1,775NetInvestmentIncomeAmt
Adjusted Net Income$1,775AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$97,758CashBOYAmt
Cash EOY$142,189CashEOYAmt
Cash EOYFMV$142,189CashEOYFMVAmt
US Government Obligations BOY$124,354USGovernmentObligationsBOYAmt
US Government Obligations EOY$124,354USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$238,377USGovtObligationsEOYFMVAmt
Total Assets BOY$222,112TotalAssetsBOYAmt
Total Assets EOY$266,543TotalAssetsEOYAmt
Total Assets EOYFMV$380,566TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$222,112UnrestrictedBOYAmt
Unrestricted EOY$266,543UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$222,112TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$266,543TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$222,112TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$266,543TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$222,112TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$44,431ExcessRevenueOverExpensesAmt
Subtotal$266,543SubtotalAmt
Tot Net Ast Or Fund Balances EOY$266,543TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$57,200AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$228,390NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.250449DistributionYr1Rt
Adjusted Qlfy Distri Yr2$43,700AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$232,101NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.188280DistributionYr2Rt
Adjusted Qlfy Distri Yr3$39,800AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$256,395NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.155229DistributionYr3Rt
Adjusted Qlfy Distri Yr4$31,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$158,671NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.198524DistributionYr4Rt
Adjusted Qlfy Distri Yr5$32,797AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$88,634NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.370027DistributionYr5Rt
Total Distribution1.162509TotalDistributionRt
Average Distribution0.232502AverageDistributionRt
Net Vl Noncharitable Assets$313,288NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$72,840AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$18NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$72,858AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$59,700QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$36InvestmentIncomeExciseTaxAmt
Subtotal$36SubtotalAmt
Tax Based On Investment Income$36TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$72EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$72TotalPaymentsAndCreditsAmt
Overpayment$36OverpaymentAmt
Applied To ES Tax$36AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksNATALIE WALLACEIndividualWithBooksNm
Phone4073992404PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line113506 SUMMERPORT VILLAGE PKWY 535AddressLine1Txt
CityWINDERMERECityNm
State AbbreviationFLStateAbbreviationCd
ZIP34786ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TONIA BATCHELOR
8951 BONITA BEACH RD STE 525-308BONITA SPRINGSFL34135PRESIDENT3.00$0$0$0
NATALIE WALLACE
13506 SUMMERPORT VILLAGE PKWY 535WINDERMEREFL34786SECRETARY3.00$0$0$0
THOMAS PETRO
565 CASCADING CREEK LANEWINTER GARDENFL34787VICE PRESIDE3.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$225,373AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$92,686AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$318,059TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$318,059AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,771CashDeemedCharitableAmt
Net Vl Noncharitable Assets$313,288NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,664MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,664MinimumInvestmentReturnAmt
Tax Based On Investment Income$36TaxBasedOnInvestmentIncomeAmt
Total Tax$36TotalTaxAmt
Distributable Before Adj$15,628DistributableBeforeAdjAmt
Distributable Before Ded$15,628DistributableBeforeDedAmt
Distributable As Adjusted$15,628DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$59,700ExpensesAndContributionsAmt
Qualifying Distributions$59,700QualifyingDistributionsAmt
Adjusted Qualifying Distri$59,700AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,628DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$28,415ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$23,595ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$27,021ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$32,131ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$45,808ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$156,970TotalExcessDistributionCyovAmt
Qualifying Distributions$59,700QualifyingDistributionsAmt
Applied To Current Year$15,628AppliedToCurrentYearAmt
Remaining Distri From Corpus$44,072RemainingDistriFromCorpusAmt
Total Corpus$201,042TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$28,415ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$172,627ExcessDistriCyovToNextYrAmt
Excess From Year4$23,595ExcessFromYear4Amt
Excess From Year3$27,021ExcessFromYear3Amt
Excess From Year2$32,131ExcessFromYear2Amt
Excess From Year1$45,808ExcessFromYear1Amt
Excess From Current Year$44,072ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOYS & GIRLS CLUB OF CENTRAL FLORID
PO BOX 2987ORLANDOFL32802509(A)1OPERATIONS$18,500
BOYS AND GIRLS CLUB BLOOMINGTON
311 S LINCOLN AVEBLOOMINGTONIN47401NON-PROFITOPERATIONS$20,000
EDGEWOOD'S CHILDREN'S RANCH INC
1451 EDGEWOOD RANCH RDORLANDOFL32835501 (C) 3OPERATIONS$1,200
WINTER GARDEN HERITAGE FUND
99 W PLANT STREETWINTER GARDENFL34787509(A)1OPERATIONS$15,000
WEST ORANGE CHAMBER OF COMMERCE
12184 W COLONIAL DRIVEWINTER GARDENFL34787NON-PROFITOPERATIONS$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$59,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$172RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,603RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,775RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,775TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
3INVESTMENT OF INITIAL FUNDS TO ACCUMULATE ADDITIONAL AMOUNTS TO BE DISTRIBUTED TO ORGANIZATIONS THAT HAVE CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC OR OTHER NONPROFIT GOALS OR MOTIVES
4INVESTMENT OF INITIAL FUNDS TO ACCUMULATE ADDITIONAL AMOUNTS TO BE DISTRIBUTED TO ORGANIZATIONS THAT HAVE CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC OR OTHER NON PROFIT GOALS OR MOTIVES

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryLICENSES & PERMITSCategoryTxt
Amt$61Amt