PETRUCCI FAMILY FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- PETRUCCI FAMILY FOUNDATION INC (EIN 20-1601999)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-09-26
- IRS object ID
- 201842699349100404
- 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
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-09-26T10:23:29-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221732349 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WISS & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 BARTLES CORNER ROAD | AddressLine1Txt |
| City | FLEMINGTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08822 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201601999 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETRUCCI FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PETR | BusinessNameControlTxt |
| Phone | 9087306909 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 ROUTE 173 NO 201 | AddressLine1Txt |
| City | ASBURY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08802 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES G PETRUCCI | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 9087306909 | PhoneNum |
| Signature | 2018-09-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL A PETRECCA | PreparerPersonNm |
| PTIN | P00606274 | PTIN |
| Phone | 9087827300 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.202.92.98 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-09-12 | IPDt |
| IP Tm | 14:05:17 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C0FE2C572398541B14022076483161027857AEA5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2018-06-14 16:35:46Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,762,236 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $102,841 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $12,614 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $12,614 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $197,664 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $197,664 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,331,428 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,440,612 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,331,428 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $2,644,547 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,541,706 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Interest Rev And Expnss | $10 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,482 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $690 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $112,999 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,050 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $117,181 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,050 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $244,439 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $244,439 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $361,620 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,050 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $244,439 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,282,927 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,539,656 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $483,215 | CashBOYAmt |
| Cash EOY | $3,231,660 | CashEOYAmt |
| Cash EOYFMV | $3,231,660 | CashEOYFMVAmt |
| Corporate Stock BOY | $10,995,118 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,310,077 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,310,077 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $1,524,992 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,220,499 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,220,499 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $18,615 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,615 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $690 | LandBOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Total Assets BOY | $13,004,015 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,762,236 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,762,236 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $538 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,434 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $538 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,434 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $13,003,477 | CapitalStockBOYAmt |
| Capital Stock EOY | $12,760,802 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,003,477 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $12,760,802 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,004,015 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $12,762,236 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,003,477 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,282,927 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $15,286,404 | SubtotalAmt |
| Other Decreases | $2,525,602 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $12,760,802 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| MORGAN STANLEY 70153 | P | $625,293 | $621,324 | $3,969 | $3,969 |
| MORGAN STANLEY 70153 | P | $1,951,238 | $905,866 | $1,045,372 | $1,045,372 |
| MORGAN STANLEY 70153 | P | $2,133,512 | $924,195 | $1,209,317 | $1,209,317 |
| MORGAN STANLEY 70153 | P | $24,204 | $25,972 | -$1,768 | -$1,768 |
| MORGAN STANLEY 70154 | P | $307 | $154 | $153 | $153 |
| MORGAN STANLEY 70154 | P | $34,161 | $38,537 | -$4,376 | -$4,376 |
| MORGAN STANLEY 70154 | P | $62,408 | $60,606 | $1,802 | $1,802 |
| MERRILL LYNCH 03529 | P | $60,580 | $50,947 | $9,633 | $9,633 |
| MERRILL LYNCH 03529 | P | $534,715 | $481,583 | $53,132 | $53,132 |
| FROM K-1S | P | $14,129 | $14,129 | $14,129 | |
| FROM K-1S | P | $65 | $65 | $65 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,331,428 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $343,073 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $6,130,616 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.055961 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $373,317 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $5,925,206 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.063005 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $272,308 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $6,125,897 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.044452 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $192,815 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $4,822,825 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.039980 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $292,433 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,747,758 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.061594 | DistributionYr5Rt |
| Total Distribution | 0.264992 | TotalDistributionRt |
| Average Distribution | 0.052998 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $10,259,072 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $543,710 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $25,397 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $569,107 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $244,439 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $50,793 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $50,793 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $50,793 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,831 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $54,831 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $32 | EsPenaltyAmt |
| Overpayment | $4,006 | OverpaymentAmt |
| Applied To ES Tax | $4,006 | 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 | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.PETRUCCIFAMILYFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | JEANNE PETRUCCI | IndividualWithBooksNm |
| Phone | 9087306909 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 ROUTE 173 SUITE 201 | AddressLine1Txt |
| City | ASBURY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JAMES G PETRUCCI | ||||||||
| 171 ROUTE 173 SUITE 201 | ASBURY | NJ | 08802 | TRUSTEE - P/T | 5.00 | $0 | $0 | $0 |
| JEANNE PETRUCCI | ||||||||
| 171 ROUTE 173 SUITE 201 | ASBURY | NJ | 08802 | TRUSTEE - P/T | 5.00 | $0 | $0 | $0 |
| BRUNO N DORI | ||||||||
| 5 BARTLES CORNER ROAD | FLEMINGTON | NJ | 08822 | TRUSTEE - P/T | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION DOES NOT MAINTAIN A PROGRAM OF CHARITABLE ACTIVITIES AS DEFINED IN THE INSTRUCTIONS FOR FORMS 990-PF. THE FOUNDATION DOES INCUR NOMINAL EXPENSES TO AID DONEES. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION DOES NOT MAINTAIN ANY PROGRAM-RELATED INVESTMENTS. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,454,805 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $960,497 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,415,302 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,415,302 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $156,230 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,259,072 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $512,954 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $512,954 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $50,793 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $50,793 | TotalTaxAmt |
| Distributable Before Adj | $462,161 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $462,161 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $462,161 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $244,439 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $244,439 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $244,439 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $462,161 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $64,366 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr2 | $77,955 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $43,105 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $185,426 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $244,439 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $244,439 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $185,426 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $185,426 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $32,296 | 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) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 101ST AIRBORNE DVISION ASSOCIATION | |||||||
| 32 SCREAMING EAGLE BLFD | FORT CAMPBELL | KY | 42223 | NONE | PC | CONTRIBUTION | $5,000 |
| CONTRIBUTIONS UNDER 1000 | |||||||
| 171 ROUTE 173 | ASBURY | NJ | 08802 | NONE | PC | CONTRIBUTION | $4,230 |
| FPRI | |||||||
| 1528 WALNUT ST | PHILADELPHIA | PA | 19129 | NONE | PC | CONTRIBUTION | $75,000 |
| K9S FOR WARRIORS | |||||||
| 114 CAMP K9 ROAD | PONTE VEDRA BEACH | FL | 32081 | NONE | PC | CONTRIBUTION | $15,000 |
| ST MARY'S ABBEY | |||||||
| 230 MENDHAM ROAD | MORRISTOWN | NJ | 07960 | NONE | PC | CONTRIBUTION | $1,500 |
| CAMP SIMCHA | |||||||
| 430 WHITE ROAD | GLEN SPREY | NY | 12737 | NONE | PC | CONTRIBUTION | $10,000 |
| NORTHAMPTON COMMUNITY COLLEGE FOUNDATION | |||||||
| 3835 GREEN POND ROAD | BETHLEHEM | PA | 18020 | NONE | PC | CONTRIBUTION | $7,500 |
| LVHN VETERANS HEALTH PROJECT | |||||||
| PO BOX 689 | ALLENTOWN | PA | 18105 | NONE | PC | CONTRIBUTION | $20,000 |
| FIVE STAR HEART PROJECT | |||||||
| 1211 LORRAIN AVENUE | BETHLEHEM | PA | 18018 | NONE | PC | CONTRIBUTION | $6,000 |
| HABITAT LEHIGH VALLEY | |||||||
| 245N GRAHAM ST | ALLENTOWN | PA | 18109 | NONE | PC | CONTRIBUTION | $1,500 |
| LEUKEMIA AND LYMPHOMA SOCIETY | |||||||
| 3715 NORTHSIDE PKWY NW | ATLANTA | GA | 30327 | NONE | PC | CONTRIBUTION | $5,000 |
| ESSEX REGIONAL ESC | |||||||
| 369 PASSAIC AVE | FAIRFIELD | NJ | 07004 | NONE | PC | CONTRIBUTION | $1,000 |
| NATIONAL URBAN HOUSING AND ECONOMIC CDC | |||||||
| 5425 NE 27TH AVE | PORTLAND | OR | 97211 | NONE | PC | CONTRIBUTION | $1,000 |
| BASECAMP 31 | |||||||
| 1250 ROUT 31 | LEBANON | NJ | 08833 | NONE | PC | CONTRIBUTION | $2,500 |
| AFRICAN AMERICAN CHAMBER OF COMMERCE | |||||||
| 379 WEST STATE STREET | TRENTON | NJ | 08618 | NONE | PC | CONTRIBUTION | $25,500 |
| ATHLIFE FOUNDATION | |||||||
| 101 S THIRD STREET SUITE 204 | EASTON | PA | 18042 | NONE | PC | CONTRIBUTION | $35,000 |
| IRVINGTON HS MEDIEVAL TIMES | |||||||
| 1253 CLINTON AVE | IRVINGTON | NJ | 071112438 | NONE | PC | CONTRIBUTION | $1,209 |
| FEEDING CHILDREN EVERYWHERE | |||||||
| 830 SOUTH RONALD REAGAN BLVD 142 | LONGWOOD | FL | 32750 | NONE | PC | CONTRIBUTION | $2,500 |
| RARITAN HEADWATER | |||||||
| PO BOX 273 | GLADSTONE | NJ | 07934 | NONE | PC | CONTRIBUTION | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $244,439 | 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 | $12,614 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $197,664 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $2,331,428 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $210,278 | ExclusionAmt |
| Related Or Exempt Function Incm | $2,331,428 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,541,706 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | FUNDS RECEIVED FROM INVESTMENT IN SECURITIES ARE USED TO ENABLE THE FOUNDATION TO CONTINUE THEIR CHARITABLE EFFORTS. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES G PETRUCCI | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 ROUTE 173 SUITE 201 | AddressLine1Txt |
| City | ASBURY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $102,841 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 1272 SHS IBKC | NoncashPropertyDesc |
| Fair Market Value | $102,841 | FairMarketValueAmt |
| Received | 2017-08-09 | ReceivedDt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | WEBSITE DEVELOPMENT | PropertyDesc |
| Acquired | 2014-07-31 | AcquiredDt |
| Cost Or Other Basis | $18,615 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $8,617 | PriorYearDepreciationAmt |
| Computation Method | 200DB | ComputationMethodTxt |
| Life | 3.000000000000 | LifeRt |
| Current Year Expense | $690 | CurrentYearExpenseAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $7,310,077 | EOYBookValueAmt |
| EOYFMV | $7,310,077 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LIMITED PARTNERSHIPS | FMV | $12,500 | $12,500 |
| ARTWORK COLLECTION | AT COST | $2,207,999 | $2,207,999 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | WEBSITE DEVELOPMENT | CategoryOrItemTxt |
| Cost Or Other Basis | $18,615 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $18,615 | AccumulatedDepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON SECURITIES | Desc |
| Amt | $2,525,602 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $44,352 | $0 | $0 |
| EVENTS/ SPONSORSHIP | $43,567 | $0 | $0 |
| INSURANCE | $255 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $26 | $0 | $0 |
| TRAVEL | $3,851 | $0 | $0 |
| OFFICE EXPENSE | $365 | $0 | $0 |
| PROMOTIONS AND GIFTS | $1,425 | $0 | $0 |
| K-1 OTHER INVESTMENT EXPENSE | $2,050 | $2,050 | $0 |
| K-1 OTHER INVESTMENT LOSS | $15,335 | $0 | $0 |
| K-1 OTHER INCOME(LOSS) | $1,773 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO AFFILIATE | Desc |
| BOY Book Value | $538 | BOYBookValueAmt |
| EOY Book Value | $1,434 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $1,499 | $0 | $0 |
| MISC TAXES | $250 | $0 | $0 |
| FEDERAL TAX EXPENSE | $1,733 | $0 | $0 |