THE PAPITTO FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE PAPITTO FOUNDATION (EIN 05-0426569)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-12
- IRS object ID
- 201413169349100511
- Schema version
- 2013v3.0
- 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
- Form 990-PF
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-12T10:01:43-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | 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 | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CATAMORE BLVD | AddressLine1 |
| City | EAST PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02914 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 CO KENTRON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAPI | BusinessNameControlTxt |
| Phone | 4012751925 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 HILLSIDE ROAD | AddressLine1 |
| City | CRANSTON | City |
| State | RI | State |
| ZIP Code | 02920 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RALPH R PAPITTO | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 4012751925 | PhoneNum |
| Signature | 2014-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Edward P Pieroni | PreparerPersonNm |
| PTIN | P00189634 | PTIN |
| Phone | 4012729100 | PhoneNum |
| Preparation | 2014-11-05 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $13,396,000 | 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 | $128,275 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $128,275 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $128,275 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $216,413 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $216,413 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $216,413 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,257 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $880,802 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,257 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $24,359 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $24,359 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $24,359 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $371,304 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $371,304 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $369,047 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $10,100 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $10,100 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $21,520 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $775 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $48,899 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $48,899 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $8,308 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $8,308 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $8,344 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,344 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $7,657 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $71 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $0 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,702 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $112,376 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $75,651 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $530,611 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $530,611 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $642,987 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $75,651 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $530,611 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$271,683 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $295,653 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $369,047 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $56,882 | CashBOYAmt |
| Cash EOY | $337,725 | CashEOYAmt |
| Cash EOYFMV | $337,725 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $428,086 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $428,086 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $127,898 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $100,628 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $103,202 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,978,973 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,199,025 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,189,543 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,914,936 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,621,212 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,727,822 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,216,305 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,937,267 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,526,309 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $60,493 | OtherAssetsBOYAmt |
| Other Assets EOY | $83,313 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $83,313 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,355,487 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,707,256 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,396,000 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $6,066,231 | CapitalStockBOYAmt |
| Capital Stock EOY | $6,066,231 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $492,527 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $115,979 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $2,796,729 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,525,046 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,355,487 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,707,256 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,355,487 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,707,256 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,355,487 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$271,683 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $9,083,804 | SubtotalAmt |
| Other Decreases | $376,548 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $8,707,256 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (18 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| AT MLP FUND, LLC | P | $107,978 | $107,978 | ||
| AT MLP FUND, LLC | P | $49,617 | $49,617 | ||
| AT MLP FUND, LLC | P | -$336 | -$336 | ||
| PIMCO COMM REAL | P | -$423 | -$423 | $9,938 | $10,361 |
| SILVER BAY REALTY | P | -$4,227 | -$4,227 | $16,757 | $20,984 |
| TWO HARBORS INVEST | P | -$3,355 | -$3,355 | $8,983 | $12,338 |
| ACTAVIS | P | $60,811 | $60,811 | $144,000 | $83,189 |
| BARRICK GOLD CORP | P | -$27,567 | -$27,567 | $20,740 | $48,307 |
| CENTURYLINK | P | -$3,819 | -$3,819 | $15,331 | $19,150 |
| COHEN AND STEERS | P | -$31,586 | -$31,586 | $62,001 | $93,587 |
| FED HOME LOAN BANK | P | $0 | $0 | $25,000 | $25,000 |
| GENERAL ELECTRIC CO | P | $0 | $0 | $90,000 | $90,000 |
| JP MORGAN CHASE | P | $0 | $0 | $25,000 | $25,000 |
| PIMCO COMM REAL | P | -$137,662 | -$137,662 | $327,368 | $465,030 |
| POSEIDON CONCEPTS | P | -$7,387 | -$7,387 | $3 | $7,390 |
| VIVUS INC | P | -$18,327 | -$18,327 | $27,141 | $45,468 |
| WELLS FARGO | P | $0 | $0 | $90,000 | $90,000 |
| Capital Gains Dividends | P | $18,540 | $18,540 | $18,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,257 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $99,637 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $368,790 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $10,800,324 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.034146 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $555,107 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,535,806 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.058213 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $8,950 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $9,761,219 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.000917 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $20,130 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,712,364 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.002311 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,270,854 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $9,495,043 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.133844 | DistributionYr5Rt |
| Total Distribution | 0.229431 | TotalDistributionRt |
| Average Distribution | 0.045886 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $12,123,700 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $556,308 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,957 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $559,265 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $530,611 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,913 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,913 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,913 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $50 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $7,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $7,050 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $131 | EsPenaltyAmt |
| Overpayment | $1,006 | OverpaymentAmt |
| Applied To ES Tax | $1,006 | 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 | 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 | RALPH R PAPITTO | IndividualWithBooksNm |
| Phone | 4012751925 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 HILLSIDE ROAD | AddressLine1 |
| City | CRANSTON | City |
| State | RI | State |
| ZIP Code | 02920 | ZIPCode |
| 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/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| RALPH R PAPITTO | ||||||||
| 6863 SE ISLE WAY | STUART | FL | 34996 | PRESIDENT | 10.00 | $7,500 | $0 | $0 |
| BARBARA A PAPITTO | ||||||||
| 6863 SE ISLE WAY | STUART | FL | 34996 | SECRETARY | 10.00 | $0 | $0 | $0 |
| DAVID PAPITTO | ||||||||
| 117 WHITE BIRCH CIRCLE | HOPE | RI | 02831 | DIRECTOR | 10.00 | $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 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
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 | $12,308,325 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,308,325 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,308,325 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $184,625 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,123,700 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $606,185 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $606,185 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,913 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,913 | TotalTaxAmt |
| Distributable Before Adj | $600,272 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $600,272 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $600,272 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $530,611 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $530,611 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $530,611 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $600,272 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $528,576 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $530,611 | QualifyingDistributionsAmt |
| Applied To Year1 | $528,576 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,035 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | 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 | $598,237 | 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 (11 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| DIOCESE OF PROVIDENCE | ||||||
| ONE CATHEDRAL SQUARE | PROVIDENCE | RI | 02903 | Exempt | GENERAL FUND | $2,000 |
| READ TO SUCCEED INC | ||||||
| HILLSIDE ROAD | CRANSTON | RI | 02920 | Exempt | GENERAL FUND | $488,276 |
| BRYANT UNIVERSITY | ||||||
| 1150 DOUGLAS TURNPIKE | SMITHFIELD | RI | 02917 | Exempt | GENERAL FUND | $10,000 |
| MIDDLEBRIDGE SCHOOL | ||||||
| 3330 OCEAN ROAD | NARRAGANSETT | RI | 02882 | Exempt | GENERAL FUND | $3,000 |
| RE-FOCUS | ||||||
| 45 GREELEY STREET | PROVIDENCE | RI | 02904 | Exempt | GENERAL FUND | $5,000 |
| CATHOLIC CHARITY FUND | ||||||
| ONE CATHOLIC SQUARE | PROVIDENCE | RI | 02903 | Exempt | GENERAL FUND | $5,000 |
| MARIAM HOSPITAL | ||||||
| 164 SUMMIT AVE | PROVIDENCE | RI | 02906 | Exempt | GENERAL FUND | $5,000 |
| UNITED WAY | ||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02909 | Exempt | GENERAL FUND | $10,000 |
| HOLY APOSTLES CHURCH | ||||||
| 800 PIPPIN ORCHARD ROAD | CRANSTON | RI | 02921 | Exempt | GENERAL FUND | $2,000 |
| THE HERITAGE FOUNDATION | ||||||
| 214 MASSACHUSETTS AVE NE | WASHINGTON | DC | 20002 | Exempt | GENERAL FUND | $35 |
| AVE MARIA PLACE | ||||||
| 37 HAMPDEN RD | STAFFORD SPRINGS | CT | 06076 | Exempt | GENERAL FUND | $300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $530,611 | 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 | $128,275 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $216,413 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $24,359 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $18,540 | ExclusionAmt |
| Related Or Exempt Function Incm | -$16,283 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $363,228 | ExclusionAmt |
| Related Or Exempt Function Incm | $8,076 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $371,304 | 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 | N/A | LineNumberTxt |
| Relationship Statement | N/A | 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 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORP BONDS | BondNm |
| EOY Book Value | $1,621,212 | EOYBookValueAmt |
| EOYFMV | $1,727,822 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORP STOCK | StockNm |
| EOY Book Value | $3,199,025 | EOYBookValueAmt |
| EOYFMV | $7,189,543 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $0 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $100,628 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $103,202 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BOND FUNDS | AT COST | $428,099 | $422,016 |
| EQUITY FUNDS | AT COST | $1,463,390 | $1,760,800 |
| OTHER | AT COST | $1,045,778 | $1,343,493 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $775 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other | Desc |
| BOY Book Value | $60,493 | BOYBookValueAmt |
| EOY Book Value | $83,313 | EOYBookValueAmt |
| EOYFMV | $83,313 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PRIOR YEAR ADJUSTMENT | Description |
| Amount | $376,548 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OFFICE EXPENSE | $3,533 | $0 | $0 | $0 |
| INSURANCE | $3,109 | $0 | $0 | $0 |
| AT MLP - OTHER | $60 | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| AT MLP FUND | $22,996 | $22,996 | $22,996 |
| AT MLP FUND | $1,509 | $1,509 | $1,509 |
| HI CRUSH | $190 | $190 | $190 |
| MAGELLAN MIDSTREAM PARTNERS | -$336 | -$336 | -$336 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MANAGEMENT FEES-CHARLES SCHWAB | $952 | $952 | $0 | $0 |
| AT MLP INVEST OTHER DEDUCTIONS | $46,775 | $46,775 | $0 | $0 |
| AT MLP SEC 59(E)(2) DEDUCTIONS | $1,172 | $1,172 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $8,344 | Amt |
| Net Investment Income | $8,344 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |