THE PAPITTO FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- THE PAPITTO FOUNDATION (EIN 05-0426569)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202513219349103896
- Schema version
- 2024v5.2
- 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
- Applied To Prior Year Election
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T12:30:28-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 872525370 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Citrin Cooperman Advisors LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Exchange Street Suite 9-100 | AddressLine1Txt |
| City | Providence | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050426569 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAPITTO FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAPI | BusinessNameControlTxt |
| Phone | 4018285751 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 WATER VALLEY ROAD | AddressLine1Txt |
| City | HOPE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02831 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA A PAPITTO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4018285751 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Christopher Bartlett | PreparerPersonNm |
| PTIN | P00189632 | PTIN |
| Phone | 4014214800 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,607,911 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $85,157 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $85,157 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $125,698 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $124,133 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $516,339 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,336,107 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $516,339 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $727,194 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $725,629 | 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 |
| Oth Empl Slrs Wgs Rev And Expnss | $93,097 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $93,097 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $44,540 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $44,540 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $7,326 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $7,326 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $11,354 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,247 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,666 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,666 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $165,983 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $53,113 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $102,763 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,804,535 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,804,535 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,970,518 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $53,113 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,907,298 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,243,324 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $672,516 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,122,257 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $301,084 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $301,084 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $4,426,143 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,345,264 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,980,647 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,423,323 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,267,766 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,229,707 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $144,928 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $118,150 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $96,473 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $207,106 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,323,757 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,032,264 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,607,911 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $6,066,231 | CapitalStockBOYAmt |
| Capital Stock EOY | $6,066,231 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $271,640 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $271,640 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $1,985,886 | RetainedEarningBOYAmt |
| Retained Earning EOY | $694,393 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,323,757 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,032,264 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,323,757 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,032,264 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,323,757 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,243,324 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $7,080,433 | SubtotalAmt |
| Other Decreases | $48,169 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,032,264 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $3,336,107 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,819,768 | CostOrOtherBasisAmt |
| Gain Or Loss | $516,339 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $516,339 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $516,339 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9,348 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $9,348 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $9,348 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $652 | OverpaymentAmt |
| Applied To ES Tax | $652 | 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 | BARBARA A PAPITTO | IndividualWithBooksNm |
| Phone | 4012751925 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 WATER VALLEY ROAD | AddressLine1Txt |
| City | HOPE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| BARBARA A PAPITTO | ||||||||
| 6 WATER VALLEY RD | HOPE | RI | 02831 | PRESIDENT/DIRECTOR | 10.00 | $0 | $0 | $0 |
| DAVID PAPITTO | ||||||||
| 117 WHITE BIRCH CIRCLE | HOPE | RI | 02831 | DIRECTOR | 10.00 | $0 | $0 | $0 |
| EDWARD P PIERONI | ||||||||
| 1275 WAMPANOAG TRAIL SUITE 1 | EAST PROVIDENCE | RI | 02915 | DIRECTOR | 0.10 | $0 | $0 | $0 |
| JOHN A TARANTINO | ||||||||
| ONE CITIZENS PLAZA 8TH FLOOR | PROVIDENCE | RI | 02903 | DIRECTOR | 0.10 | $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 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,095,346 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $721,671 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,817,017 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,817,017 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $192,255 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,624,762 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $631,238 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $631,238 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,348 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,348 | TotalTaxAmt |
| Distributable Before Adj | $621,890 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $621,890 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $621,890 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,907,298 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,907,298 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $621,890 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $1,661,759 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $376,289 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,900,970 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $325,555 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,203,315 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,320,761 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $5,126,890 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,907,298 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $1,661,759 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $245,539 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $376,351 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $376,351 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,750,539 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,750,539 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,900,908 | ExcessFromYear4Amt |
| Excess From Year3 | $325,555 | ExcessFromYear3Amt |
| Excess From Year2 | $1,203,315 | ExcessFromYear2Amt |
| Excess From Year1 | $1,320,761 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BARBARA A PAPITTO | ContributingManagerNm |
| 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 Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| CATHOLIC CHARITIES APPEAL | ||||||
| 450 HIGHLAND AVE | FALL RIVER | MA | 02720 | PC | General support | $55,000 |
| CENTRAL FALLS CHILDREN'S FOUNDATION | ||||||
| 577 BROAD STREET | CENTRAL FALLS | RI | 02863 | PC | General support | $10,000 |
| COMMUNITY PREPARATORY SCHOOL | ||||||
| 135 PRAIRIE AVE | PROVIDENCE | RI | 02905 | PC | General support | $400,000 |
| ESPERANZA HOPE CLINIC | ||||||
| 60 VALLEY STREET | PAWTUCKET | RI | 02909 | PC | General support | $5,000 |
| HIGHER GROUND INTERNATIONAL | ||||||
| 250 PRAIRIE AVENUE | PROVIDENCE | RI | 02906 | PC | General support | $5,000 |
| HOLY APOSTLES CHURCH | ||||||
| 800 PIPPIN ORCHARD RD | CRANSTON | RI | 02921 | PC | General support | $29,050 |
| HOPE ALZHEIMER'S CENTER | ||||||
| 25 BRAYTON AVE | CRANSTON | RI | 02920 | PC | General support | $2,600 |
| READ TO SUCCEED | ||||||
| 6 WATER VALLEY RD | HOPE | RI | 02831 | PC | General support | $300,000 |
| REFOCUS INC | ||||||
| 45 GREELEY ST | PROVIDENCE | RI | 02904 | PC | General support | $10,000 |
| RI RIGHT TO LIFE EDUCATION FUND | ||||||
| PO BOX 28285 | PROVIDENCE | RI | 02908 | NC | General support | $10,000 |
| SAINT MARY ACADEMY BAY VIEW | ||||||
| 3070 PAWTUCKET AVE | RIVERSIDE | RI | 02915 | PC | General support | $206,985 |
| SAN MIGUEL SCHOOL | ||||||
| 525 BRANCH AVE | PROVIDENCE | RI | 02904 | PC | General support | $205,000 |
| SCALABRINI DUKCEVICH CENTER | ||||||
| 300 LAUREL HILL AVE | PROVIDENCE | RI | 02909 | PC | General support | $127,000 |
| SISTERS OF MERCY | ||||||
| 15 HIGHLAND VIEW RD | CUMBERLAND | RI | 02864 | PC | General support | $10,000 |
| SOPHIA ACADEMY | ||||||
| 582 ELMWOOD AVE | PROVIDENCE | RI | 02907 | PC | General support | $250,000 |
| ST ANDREWS SCHOOL | ||||||
| 63 FEDERAL RD | BARRINGTON | RI | 02806 | PC | General support | $143,300 |
| ST EDWARD FOOD & WELLNESS CENTER | ||||||
| 1001 BRANCH AVE | PROVIDENCE | RI | 02904 | PC | General support | $10,000 |
| ST XAVIER ACADEMY ALUMNAE ASSOC | ||||||
| PO BOX 20452 | CRANSTON | RI | 02920 | PC | General support | $600 |
| UNITED WAY | ||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02909 | PC | General support | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,804,535 | 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 | $85,157 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $125,698 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $516,339 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $727,194 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $727,194 | TotalIncomeProducingActyAmt |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Return preparation and tax compliance | CategoryTxt |
| Amt | $5,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,000 | DisbursementsCharitablePrpsAmt |
Applied To Prior Year Election AppliedToPriorYearElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | Pursuant to IRC Sec. 4942 (h)(2) and Reg. 53.4942(a)-3(d)(2), the foundation hereby elects to treat current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of undistributed income from tax years 2013, 2014, 2016, and 2017 as follows:Tax Year Amount2013 $598,2372014 $278,7452016 $543,8502017 $240,927Total $1,661,759 | ElectionDesc |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Fixed Income | BondNm |
| EOY Book Value | $2,267,766 | EOYBookValueAmt |
| EOYFMV | $2,229,707 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Equities | StockNm |
| EOY Book Value | $4,345,264 | EOYBookValueAmt |
| EOYFMV | $9,980,647 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | AMERICAN TOWER CORP | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $118,150 | BookValueAmt |
| EOYFMV | $96,473 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Other | $83,313 | $0 | $0 |
| Other Asset | $123,793 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BASIS ADJUSTMENT | Desc |
| Amt | $48,169 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL FEES | $4,456 | $0 | $4,456 |
| RI SECRETARY OF STATE | $50 | $0 | $50 |
| SUPPLIES | $160 | $0 | $160 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $44,540 | Amt |
| Net Investment Income | $44,540 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $1,247 | $1,247 | $0 |
| Excise tax | $10,107 | $0 | $0 |