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PETER & NANCY SALTER FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PETER & NANCY SALTER FAMILY FOUNDATION INC (EIN 20-1828772)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-02-28
IRS object ID
202500599349100530
Schema version
2024v5.0
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)
Return2025-02-28T22:53:49-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203815450PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1URKE & STOLLER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111811 N TATUM BLVD STE 1060AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85028ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201828772EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETER & NANCY SALTER FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPETEBusinessNameControlTxt
Phone6023884632PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK ROAD STE 854AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER W SALTERPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6023884632PhoneNum
Signature2025-01-08SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN KENNETH URKEPreparerPersonNm
PTINP00290440PTIN
Phone6028675058PhoneNum
Preparation2025-02-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$11,970,678FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$750,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$79,587InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$79,587InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$79,587InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$310,633DividendsRevAndExpnssAmt
Dividends Net Invst Incm$310,633DividendsNetInvstIncmAmt
Dividends Adj Net Incm$310,633DividendsAdjNetIncmAmt
Total Rev And Expnss$1,140,220TotalRevAndExpnssAmt
Total Net Invst Incm$390,220TotalNetInvstIncmAmt
Total Adj Net Incm$390,220TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$220LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$3,035AccountingFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,255TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$600,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$600,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$603,255TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$600,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$536,965ExcessRevenueOverExpensesAmt
Net Investment Income$390,220NetInvestmentIncomeAmt
Adjusted Net Income$390,220AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,048,270SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,199,604SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,199,604SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$1,123,930USGovernmentObligationsBOYAmt
US Government Obligations EOY$1,198,929USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$1,208,305USGovtObligationsEOYFMVAmt
Corporate Stock BOY$6,275,017CorporateStockBOYAmt
Corporate Stock EOY$6,585,649CorporateStockEOYAmt
Corporate Stock EOYFMV$9,562,769CorporateStockEOYFMVAmt
Total Assets BOY$8,447,217TotalAssetsBOYAmt
Total Assets EOY$8,984,182TotalAssetsEOYAmt
Total Assets EOYFMV$11,970,678TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$8,447,217NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$8,984,182NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$8,447,217TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,984,182TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,447,217TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,984,182TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,447,217TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$536,965ExcessRevenueOverExpensesAmt
Subtotal$8,984,182SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,984,182TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,424InvestmentIncomeExciseTaxAmt
Subtotal$5,424SubtotalAmt
Tax Based On Investment Income$5,424TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,735EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,735TotalPaymentsAndCreditsAmt
Overpayment$311OverpaymentAmt
Applied To ES Tax$311AppliedToESTaxAmt

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 StateAZOrgReportOrRegisterStateCd
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 BooksTHE ORGANIZATIONIndividualWithBooksNm
Phone6023884632PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK RD 854AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonPETER W SALTERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK ROAD 854AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$6,442,491AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,048,499AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,165,804FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,656,794TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,656,794AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$129,852CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,526,942NetVlNoncharitableAssetsAmt
Minimum Investment Return$426,347MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$426,347MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,424TaxBasedOnInvestmentIncomeAmt
Total Tax$5,424TotalTaxAmt
Distributable Before Adj$420,923DistributableBeforeAdjAmt
Distributable Before Ded$420,923DistributableBeforeDedAmt
Distributable As Adjusted$420,923DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$600,000ExpensesAndContributionsAmt
Qualifying Distributions$600,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$420,923DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$21,870ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$890,707ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$113,806ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,892,180ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$112,246ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$6,030,809TotalExcessDistributionCyovAmt
Qualifying Distributions$600,000QualifyingDistributionsAmt
Applied To Current Year$420,923AppliedToCurrentYearAmt
Remaining Distri From Corpus$179,077RemainingDistriFromCorpusAmt
Total Corpus$6,209,886TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$21,870ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$6,188,016ExcessDistriCyovToNextYrAmt
Excess From Year4$890,707ExcessFromYear4Amt
Excess From Year3$113,806ExcessFromYear3Amt
Excess From Year2$4,892,180ExcessFromYear2Amt
Excess From Year1$112,246ExcessFromYear1Amt
Excess From Current Year$179,077ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARIZONA-SONORAN DESERT MUSEUM
2021 N KINNEY ROADTUCSONAZ857439719HUMMINGBRID EXHIBIT$400,000
AZ THEATRE COMPANY
PO BOX 619PHOENIXAZ85001STUDENT MATINEE PROGRAM$100,000
PHOENIX YOUTH SYMPHONY ORCHESTRA
2009 N 7TH ST STE 9PHOENIXAZ85006SCHOLARSHIP, CONDUCTORS AND GENERAL$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$600,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$79,587ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$310,633ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$390,220ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$390,220TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonPETER NANCY SALTERContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13104 E CAMELBACK RDAddressLine1Txt
Address Line2SUITE 854AddressLine2Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85016ZIPCd
FieldValueIRS element (for citing)
Total Contributions$750,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$3,035Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBVIE INC$3,988,960$6,149,924
BECTON DICKINSON & CO$628,297$1,035,879
EMBECTA CORP$15,022$19,544
JOHNSON & JOHNSON$713,082$881,060
KIMBERLY CLARK CORP$1,237,524$1,470,918
PROCTER & GAMBLE CO$2,764$5,444

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$1,198,929USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$1,208,305USGovtObligationsEOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$220LegalFeesAmt