GALKIN PRIVATE FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- GALKIN PRIVATE FOUNDATION (EIN 05-0494243)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-08-15
- IRS object ID
- 201632289349100123
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-08-15T09:20:54-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | 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 | ONE CATAMORE BLVD | AddressLine1Txt |
| City | EAST PROVIDENCE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02914 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050494243 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALKIN PRIVATE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GALK | BusinessNameControlTxt |
| Phone | 4018280300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 BROOKSIDE AVENUE | AddressLine1Txt |
| City | WEST WARWICK | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02893 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT GALKIN | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 4018280300 | PhoneNum |
| Signature | 2016-07-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kenneth Andsager | PreparerPersonNm |
| PTIN | P00061382 | PTIN |
| Phone | 4012729100 | PhoneNum |
| Preparation | 2016-07-06 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-12-15 16:53:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,206,806 | 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 | $336,430 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $56,669 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $56,669 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $106,778 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $272,888 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $106,778 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $499,877 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $163,447 | 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 |
| Legal Fees Rev And Expnss | $336 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $4,050 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,801 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,801 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $12,187 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,801 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $401,900 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $401,900 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $414,087 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,801 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $401,900 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $85,790 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $159,646 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $148,071 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $213,494 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $213,494 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $515,964 | CorporateStockBOYAmt |
| Corporate Stock EOY | $440,338 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,975,455 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $60,510 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $62,161 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $57,575 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $17,857 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $786,706 | TotalAssetsBOYAmt |
| Total Assets EOY | $711,407 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,206,806 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $786,706 | CapitalStockBOYAmt |
| Capital Stock EOY | $711,407 | 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 | $786,706 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $711,407 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $786,706 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $711,407 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $786,706 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $85,790 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $872,496 | SubtotalAmt |
| Other Decreases | $161,089 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $711,407 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 1 SHS ROYCE VALUE TRUST | P | 2015-09-25 | 2015-11-19 | $11 | $12 | -$1 | -$1 |
| 54.968 SHS THIRD AVENUE VALUE FUND | P | 2014-12-09 | 2015-11-19 | $3,032 | $3,130 | -$98 | -$98 |
| 84 SHS ROYCE VALUE FUND | P | 2015-11-19 | $952 | $1,222 | -$270 | -$270 | |
| 943.31 SHS THIRD AVENUE VALUE FUND | P | 2015-11-19 | $52,034 | $57,380 | -$5,346 | -$5,346 | |
| 9 SHS ROYCE GLOBAL VALUE TRUST | P | 2014-12-26 | 2015-06-25 | $74 | $72 | $2 | $2 |
| ROYCE VALUE TRUST INC | P | 2015-06-25 | $6,507 | $6,819 | -$312 | -$312 | |
| ROYCE GLOBAL VALUE TRUST | P | 2015-06-25 | $4,132 | $4,514 | -$382 | -$382 | |
| ROYCE VALUE TRUST INC | P | 2015-06-25 | $50,797 | $55,108 | -$4,311 | -$4,311 | |
| 1655 SHS GENERAL ELECTRIC CORP | P | 2002-12-16 | 2015-11-20 | $50,149 | $20,754 | $29,395 | $29,395 |
| 20 SHS VITESSE SEMICONDUCTOR | P | 2003-12-02 | 2015-11-20 | $106 | $1,331 | -$1,225 | -$1,225 |
| 1047 SHS JOHNSON & JOHNSON | P | 2015-12-31 | $105,094 | $15,768 | $89,326 | $89,326 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $106,778 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $328,147 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,375,832 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.138119 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $398,516 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,068,983 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.192614 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $279,266 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,919,483 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.145490 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $202,016 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,873,428 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.107832 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $188,034 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,704,304 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.110329 | DistributionYr5Rt |
| Total Distribution | 0.694384 | TotalDistributionRt |
| Average Distribution | 0.138877 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,316,713 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $321,738 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,596 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $323,334 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $401,900 | 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 | $1,596 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,596 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,596 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,614 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,614 | TotalPaymentsAndCreditsAmt |
| Overpayment | $18 | OverpaymentAmt |
| Applied To ES Tax | $18 | 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 | ROBERT T GALKIN | IndividualWithBooksNm |
| Phone | 4018280300 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 BROOKSIDE AVENUE | AddressLine1Txt |
| City | WEST WARWICK | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02893 | 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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT T GALKIN | ||||||||
| 110 ELSIE STREET | CRANSTON | RI | 02910 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| WARREN B GALKIN | ||||||||
| 29 SAGE DRIVE | WARWICK | RI | 02886 | TREASURER | 0.00 | $0 | $0 | $0 |
| STEVEN ROSENBAUM | ||||||||
| 30 EXCHANGE TERRACE | PROVIDENCE | RI | 02903 | SECRETARY | 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 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,135,277 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $216,716 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,351,993 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,351,993 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $35,280 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,316,713 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $115,836 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $115,836 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,596 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,596 | TotalTaxAmt |
| Distributable Before Adj | $114,240 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $114,240 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $114,240 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $401,900 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $401,900 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,596 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $400,304 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $114,240 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $104,934 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $111,971 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $184,600 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $297,625 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $211,712 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $910,842 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $401,900 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $114,240 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $287,660 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,198,502 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $104,934 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,093,568 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $111,971 | ExcessFromYear4Amt |
| Excess From Year3 | $184,600 | ExcessFromYear3Amt |
| Excess From Year2 | $297,625 | ExcessFromYear2Amt |
| Excess From Year1 | $211,712 | ExcessFromYear1Amt |
| Excess From Current Year | $287,660 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ROBERT T GALKIN | ContributingManagerNm |
| Contributing Manager | WARREN B GALKIN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF WARWICK WARWICK RI | |||||||
| 42 FREDERICK ST | WARWICK | RI | 02888 | NONE | 501(c)3 | TO SUPPORT CLUB | $16,000 |
| BROWN UNIVERSITY PROVIDENCE RI | |||||||
| 45 PROSPECT ST | PROVIDENCE | RI | 02906 | NONE | 501(c)3 | TO SUPPORT UNIVERSITYTO SUPPORT UNIVERSITY | $10,200 |
| COMMUNITY PREP SCHOOL PROVIDENCE RI | |||||||
| 126 SOMERSET ST | PROVIDENCE | RI | 02907 | NONE | 501(c)3 | TO SUPPORT SCHOOLTO SUPPORT PREP SCHOOL | $44,800 |
| MISCELLANEOUS ORGANIZATIONS | |||||||
| VARIOUS | VARIOUS | RI | 02903 | NONE | 501(c)3 | TO SUPPORT VARIOUS NON PROFIT AGENCIES IN THE COMMUNITY.TO SUPPORT LOCAL ORGANIZATIONS | $71,900 |
| RI COLLEGE FOUNDATION | |||||||
| 600 MOUNT PLEASANT AVENUE | PROVIDENCE | RI | 02908 | NONE | 501(c)3 | TO SUPPORT FOUNDATION | $74,000 |
| RI FOUNDATION | |||||||
| 1 UNION STREET | PROVIDENCE | RI | 02903 | NONE | 501(c)3 | TO SUPPORT FOUNDATION | $35,000 |
| UNITED WAY OF RHODE ISLAND PROVIDENCE RI | |||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02903 | NONE | 501(c)3 | TO SUPPORT ORGANIZATIONTO SUPPORT CHARITIES OF UNITED WAYTO SUPPORT UNITED WAY | $10,000 |
| USS JF KENNEDY | |||||||
| PO BOX 28701 | PROVIDENCE | RI | 02908 | NONE | 501(c)3 | TO SUPPORT MISSION OF USS JF KENNEDYTO SUPPORT ORGANIZATION FUNDRAISING EFFORTS | $105,000 |
| MIRIAM HOSPITAL | |||||||
| 164 SUMMIT AVENUE | PROVIDENCE | RI | 02906 | NONE | 501(c)3 | TO SUPPORT HOSPITAL | $35,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $401,900 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $56,669 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $106,778 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $163,447 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $163,447 | 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 | TO PROVIDE FUNDS FOR CHARITABLE PURPOSES | 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 (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| NATCO HOME FASHIONS | |||||||
| 1 | 155 BROOKSIDE AVENUE | WEST WARWICK | RI | 02893 | $150,000 | Yes (X) | |
| WARREN GALKIN | |||||||
| 2 | 155 BROOKSIDE AVENUE | WEST WARWICK | RI | 02893 | $184,067 | Yes (X) | |
| ROBERT GALKIN | |||||||
| 3 | 155 BROOKSIDE AVENUE | WEST WARWICK | RI | 02893 | $2,263 | Yes (X) | |
| WARREN GALKIN | |||||||
| 4 | 155 BROOKSIDE AVENUE | WEST WARWICK | RI | 02893 | $100 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | SECURITIES | NoncashPropertyDesc |
| Fair Market Value | $184,067 | FairMarketValueAmt |
| Received | 2015-11-03 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $4,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
| Amt | $0 | Amt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | MUTUAL FUNDS | BondNm |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (40 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WELLS FARGO & CO | $18,468 | $65,232 |
| SIMON DEBARTOLO GROUP, INC. | $9,665 | $60,665 |
| GENERAL ELECTRIC CORP. | $11,123 | $27,630 |
| JOHNSON & JOHNSON | $2,861 | $19,517 |
| HOME DEPOT | $7,407 | $132,251 |
| INTERNATIONAL BUSINESS MACHINE | $18,955 | $27,524 |
| VITESSE SEMICONDUCTOR | $0 | $0 |
| BANK OF NY | $4,280 | $23,331 |
| EMC CORP MASS | $2,635 | $14,124 |
| LOWES COMPANIES INC. | $6,893 | $152,080 |
| CHEVRON | $15,897 | $40,482 |
| ISHARES MSCI | $15,572 | $28,971 |
| IBM | $10,122 | $55,048 |
| BANK OF AMERICA | $24,974 | $51,197 |
| PROCTOR & GAMBLE | $1,358 | $11,594 |
| PROCTOR & GAMBLE | $11,449 | $39,705 |
| TJX COS INC. | $3,094 | $70,910 |
| I SHARES TRUST | $26,813 | $46,515 |
| SCHLUMBERGER LTD | $2,549 | $63,961 |
| BERKSHIRE HATHAWAY INC | $55,668 | $79,224 |
| GENERAL DYNAMICS CORP | $17,863 | $27,472 |
| MONSANTO CO | $2,456 | $49,260 |
| VERIZON COMMUNICATIONS INC | $34,348 | $46,220 |
| WALMART STORES | $23,180 | $24,520 |
| DUKE ENERGY HOLDING | $18,470 | $23,773 |
| PROCTOR & GAMBLE | $1,030 | $63,528 |
| ROYCE VALUE TRUST | $0 | $0 |
| BP PLC | $8,766 | $9,784 |
| CLEAN ENERGY FUELS | $9,852 | $8,010 |
| HOLLYFRONTIERCORP.COM | $3,619 | $102,278 |
| HEWLETT PACKARD | $396 | $22,572 |
| JOHNSON & JOHNSON | $10,475 | $130,454 |
| SCHLUMBERGER LTD | $9,344 | $40,455 |
| RIGHTS SANOFI | $2,248 | $107 |
| WW GRAINGER | $11,054 | $74,958 |
| AMGEN | $4,388 | $112,819 |
| PROCTOR & GAMBLE | $10,088 | $28,111 |
| THERMO FISHER SCIENTIFIC | $12,707 | $86,954 |
| SIMON PPTY GROUP INC | $10,271 | $96,637 |
| HP INC | $0 | $17,582 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PRUDHOE BAY ROYALTY | AT COST | $57,575 | $17,857 |
| ROYCE GLOBAL VALUE TRUST | AT COST | $0 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | HOWLAND EVANGELISTA KOHLENBERG | CategoryTxt |
| Legal Fees | $336 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON CONTRIBUTION | Desc |
| Amt | $161,089 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FILING FEES | $20 | $20 | $0 |
| FEES - RELIANCE TRUST | $2,750 | $2,750 | $0 |
| MISCELLANOUS | $731 | $731 | $0 |
| ANNUAL FEE | $300 | $300 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAX ON NET INVESTMENT INCOME | $4,000 | $0 | $0 |
| STATE OF RI | $50 | $0 | $0 |