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THE FAXON FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
THE FAXON FOUNDATION (EIN 16-1735316)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-02-15
IRS object ID
201300499349100600
Schema version
2012v2.0
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)
Timestamp2013-02-15T08:45:00-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN050353162EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1PICCERELLI GILSTEIN & CO LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1144 WESTMINSTER STREETAddressLine1
CityPROVIDENCECity
StateRIState
ZIP Code029032282ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN161735316EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE FAXON FOUNDATION COBusinessNameLine1
Business Name Line2PICCERELLI GILSTEIN & CO LLPBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlFAXONameControl
Phone4018310200Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1144 WESTMINSTER STREETAddressLine1
CityPROVIDENCECity
StateRIState
ZIP Code02903ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameWILLIAM PICCERELLIName
TitleDIRECTORTitle
Phone4018310200Phone
Date Signed2013-02-15DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameWILLIAM J PICCERELLIName
PTINP00008456PTIN
Phone4018310200Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY13617FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss9300ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss2InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm2InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses9302TotalRevenueAndExpenses
Total Net Investment Income2TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss835AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss81OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss916TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss13300ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps13300ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss14216TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps13300TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-4914ExcessOfRevenueOverExpenses
Net Investment Income2NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY17781SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY13617SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV13617SavingsAndTempCashInvstEOYFMV
Other Assets BOY750OtherAssetsBOY
Other Assets EOY0OtherAssetsEOY
Other Assets EOYFMV0OtherAssetsEOYFMV
Total Assets BOY18531TotalAssetsBOY
Total Assets EOY13617TotalAssetsEOY
Total Assets EOYFMV13617TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY18531RetainedEarningsBOY
Retained Earnings EOY13617RetainedEarningsEOY
Total Net Assets BOY18531TotalNetAssetsBOY
Total Net Assets EOY13617TotalNetAssetsEOY
Total Liabilities Net Assets BOY18531TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY13617TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY18531TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-4914ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal13617Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY13617TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year162046QualifyingDistributionsYear1
Noncharitable Assets Year161480NoncharitableAssetsYear1
Distribution Ratio Year11.009206DistributionRatioYear1
Qualifying Distributions Year269100QualifyingDistributionsYear2
Noncharitable Assets Year2124692NoncharitableAssetsYear2
Distribution Ratio Year20.554165DistributionRatioYear2
Qualifying Distributions Year346100QualifyingDistributionsYear3
Noncharitable Assets Year3179568NoncharitableAssetsYear3
Distribution Ratio Year30.256727DistributionRatioYear3
Qualifying Distributions Year444000QualifyingDistributionsYear4
Noncharitable Assets Year4178600NoncharitableAssetsYear4
Distribution Ratio Year40.246361DistributionRatioYear4
Qualifying Distributions Year544000QualifyingDistributionsYear5
Noncharitable Assets Year565756NoncharitableAssetsYear5
Distribution Ratio Year50.669140DistributionRatioYear5
Total Distribution Ratio2.735599TotalDistributionRatio
Average Distribution Ratio0.547120AverageDistributionRatio
Net Noncharitable Assets16711NetNoncharitableAssets
Adjusted Noncharitable Assets9143AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One9143AdjNonchrtblAssetsAndOnePct
Qualifying Distributions13300QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithRIStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressNONEWebsiteAddress
Books In Care Of Person NamePICCERELLI GILSTEIN COMPANY LLPBooksInCareOfPersonName
Books In Care Of Phone Number4018310200BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1144 WESTMINSTER STREETAddressLine1
CityPROVIDENCECity
StateRIState
ZIP Code02903ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
BRADFORD J FAXON JR
144 WESTMINSTER STREETPROVIDENCERI02806DIRECTOR0.00000
DOROTHEA R FAXON
144 WESTMINSTER STREETPROVIDENCERI02806DIRECTOR0.00000
WILLIAM J PICCERELLI
144 WESTMINSTER STREETPROVIDENCERI02806DIRECTOR0.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances16965AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets16965TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets16965AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable254CashDeemedCharitable
Net Noncharitable Assets16711NetNoncharitableAssets
Minimum Investment Return836MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return836MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj836DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded836DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted836DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions13300ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions13300QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions13300AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted836DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year540712ExcessDistriCarryoverYear5
Excess Distri Carryover Year435072ExcessDistriCarryoverYear4
Excess Distri Carryover Year337123ExcessDistriCarryoverYear3
Excess Distri Carryover Year262865ExcessDistriCarryoverYear2
Excess Distri Carryover Year158972ExcessDistriCarryoverYear1
Total Excess Distri Carryover234744TotalExcessDistriCarryover
Qualifying Distributions13300QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year836AppliedToCurrentYear
Remaining Distri From Corpus12464RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus247208TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year540712ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year206496ExcessDistriCyovToNextYear
Excess From Year435072ExcessFromYear4
Excess From Year337123ExcessFromYear3
Excess From Year262865ExcessFromYear2
Excess From Year158972ExcessFromYear1
Excess From Current Year12464ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (10 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
BAYSIDE YMCA
70 WEST STREETBARRINGTONRI02806N/APUBLIC CHARITYANNUAL CAMPAIGN$1,000
HASBRO CHILDREN'S HOSPITAL
PO BOX HPROVIDENCERI02901N/APUBLIC CHARITYCHILDREN'S MEDICAL SUPPORT$5,000
MEETING STREET
1000 EDDY STREETPROVIDENCERI02905N/APUBLIC CHARITYCOMMUNITY SUPPORT$2,500
MAKE A WISH FOUNDATION
ONE STATE STREET SUITE 100PROVIDENCERI02908N/APUBLIC CHARITYSUPPORT OF CHILDREN$500
NEW ENGLAND PATRIOTS CHARITABLE FOUNDATION
ONE PATRIOT PLACEFOXBOROUGHMA02035N/APRIVATE FOUNDATIONCOMMUNITY SUPPORT$1,000
SEARCH MINISTRIES
5038 DORSEY HALL DRIVEELLICOTT CITYMD21042N/ACHURCHRELIGION SPIRITUAL DEVELOPMENT$1,000
YEAR UP
10 DORRANCE STREET SUITE 1108PROVIDENCERI02903N/A170(B)(1)(A)(II)EDUCATIONAL TRAINING$1,000
RHODE ISLAND PBS FOUNDATION
50 PARK LANEPROVIDENCERI02907N/A509(A)(1)SUPPORT OF PUBLIC COMMUNICATIONS$150
ASPERGER'S ASSOCIATION OF NEW ENGLAND
51 WAATER STREET 206WATERTOWNMA02472N/A170(B)(1)(A)(VI)MEDICAL SUPPORT$150
LOVE 146
PO BAX 8266NEW HAVENCT06530N/APUBLIC CHARITYCOMMUNITY SUPPORT$1,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year13300TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$2ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$2ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA2TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualBRAD FAXONContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1C/O PICCERELLI GILSTEIN 144 WESTMINAddressLine1
CityPROVIDENCECity
StateRIState
ZIP Code02903ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions9300AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$835Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionDUE FROM BFDescription
BOY Book Value750BOYBookValue

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
LICENSE AND FEES7200
BANK CHARGES900