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THE MICHAEL V AND PATRICIA G PRENTI SS FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
THE MICHAEL V AND PATRICIA G PRENTI SS FOUNDATION (EIN 75-2255757)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-14
IRS object ID
201321349349100712
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-14T09:38:57-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN752257801EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Robison & Company PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line18226 Douglas Ave Suite 709AddressLine1
CityDallasCity
StateTXState
ZIP Code75225ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN752255757EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE PRENTISS FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPRENNameControl

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7046AddressLine1
CityDALLASCity
StateTXState
ZIP Code752097046ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHAEL V PRENTISSName
TitlePRESIDENTTitle
Phone2149990660Phone
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameC A Robison JrName
PTINP00535848PTIN
Phone2145531031Phone
Date Prepared2013-05-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY868492FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss19811DividendsRevAndExpnss
Dividends Net Invst Incm19811DividendsNetInvstIncm
Dividends Adj Net Incm19811DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss-533079NetGainSaleAssetsRevAndExpnss
Gross Sales Price376590GrossSalesPrice
Other Income Rev And Expnss888OtherIncomeRevAndExpnss
Other Income Net Invst Incm888OtherIncomeNetInvstIncm
Other Income Adj Net Incm888OtherIncomeAdjNetIncm
Total Revenue And Expenses-512380TotalRevenueAndExpenses
Total Net Investment Income20699TotalNetInvestmentIncome
Total Adjusted Net Income20699TotalAdjustedNetIncome
Legal Fees Rev And Expnss400LegalFeesRevAndExpnss
Accounting Fees Rev And Expnss1200AccountingFeesRevAndExpnss
Tot Opr Expenses Rev And Expnss1600TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss63575ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps63575ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss65175TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps63575TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-577555ExcessOfRevenueOverExpenses
Net Investment Income20699NetInvestmentIncome
Adjusted Net Income20699AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY31842SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY374084SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV374084SavingsAndTempCashInvstEOYFMV
Investments Other BOY1432262InvestmentsOtherBOY
Investments Other EOY512465InvestmentsOtherEOY
Investments Other EOYFMV494408InvestmentsOtherEOYFMV
Total Assets BOY1464104TotalAssetsBOY
Total Assets EOY886549TotalAssetsEOY
Total Assets EOYFMV868492TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY1464104RetainedEarningsBOY
Retained Earnings EOY886549RetainedEarningsEOY
Total Net Assets BOY1464104TotalNetAssetsBOY
Total Net Assets EOY886549TotalNetAssetsEOY
Total Liabilities Net Assets BOY1464104TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY886549TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1464104TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-577555ExcessOfRevenueOverExpenses
Subtotal886549Subtotal
Total Net Assets Fund Balances EOY886549TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
5000 SHRS BRANDYWINE REALTY TR USTP2006-11-062012-05-0159699145257-85558-85558
11093 SHRS BRANDYWINE REALTY TRUSTP2006-11-062012-05-02133013322268-189255-189255
15335 SHRS BRANDYWINE REALTY TRUSTP2007-01-022012-05-02183878442144-258266-258266
FieldValueIRS element (for citing)
Capital Gain Net Income-533079CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year156600QualifyingDistributionsYear1
Noncharitable Assets Year1876531NoncharitableAssetsYear1
Distribution Ratio Year10.064573DistributionRatioYear1
Qualifying Distributions Year233100QualifyingDistributionsYear2
Noncharitable Assets Year2877311NoncharitableAssetsYear2
Distribution Ratio Year20.037729DistributionRatioYear2
Qualifying Distributions Year364089QualifyingDistributionsYear3
Noncharitable Assets Year3767257NoncharitableAssetsYear3
Distribution Ratio Year30.08353DistributionRatioYear3
Qualifying Distributions Year4111445QualifyingDistributionsYear4
Noncharitable Assets Year41182463NoncharitableAssetsYear4
Distribution Ratio Year40.094248DistributionRatioYear4
Qualifying Distributions Year5177581QualifyingDistributionsYear5
Noncharitable Assets Year51827129NoncharitableAssetsYear5
Distribution Ratio Year50.097191DistributionRatioYear5
Total Distribution Ratio0.377271TotalDistributionRatio
Average Distribution Ratio0.075454AverageDistributionRatio
Net Noncharitable Assets865387NetNoncharitableAssets
Adjusted Noncharitable Assets65297AdjustedNoncharitableAssets
One Percent Net Investment Income207OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One65504AdjNonchrtblAssetsAndOnePct
Qualifying Distributions63575QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax414InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal414Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income414TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1090EstTaxPaymentsAndOverpayment
Total Credits And Payments1090TotalCreditsAndPayments
Overpayment676Overpayment
Amount Credited To Next Year676AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithTXStatesFiledWith
Form990 PF Filed With AGfalseForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Books In Care Of Person NameCANDACE LEEBooksInCareOfPersonName
Books In Care Of Phone Number2149990660BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7046AddressLine1
CityDALLASCity
StateTXState
ZIP Code752097046ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
MICHAEL V PRENTISS
PO BOX 7046DALLASTX752097046PRESIDENT0.00000
DENNIS DUBOIS
PO BOX 7046DALLASTX752097046VICE PRESIDENT0.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1THE PRENTISS FOUNDATIONS PRINCIPAL CHARITABLE ACTIVITY IS PROVIDING SUPPORT FOR VARIOUS CHARITABLE CIVIC AND EDUCATIONAL ORGANIZATIONSDescription1
Expenses10Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1NADescription1
Amount10Amount1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities627001AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances251564AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets878565TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets878565AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable13178CashDeemedCharitable
Net Noncharitable Assets865387NetNoncharitableAssets
Minimum Investment Return43269MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return43269MinimumInvestmentReturn
Tax Based On Investment Income414TaxBasedOnInvestmentIncome
Total Tax414TotalTax
Distributable Amount Before Adj42855DistributableAmountBeforeAdj
Distributable Amount Before Ded42855DistributableAmountBeforeDed
Distributable Amount As Adjusted42855DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions63575ExpensesAndContributions
Qualifying Distributions63575QualifyingDistributions
Adj Qualifying Distributions63575AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted42855DistributableAmountAsAdjusted
Excess Distri Carryover Year588163ExcessDistriCarryoverYear5
Excess Distri Carryover Year453832ExcessDistriCarryoverYear4
Excess Distri Carryover Year326348ExcessDistriCarryoverYear3
Excess Distri Carryover Year113289ExcessDistriCarryoverYear1
Total Excess Distri Carryover181632TotalExcessDistriCarryover
Qualifying Distributions63575QualifyingDistributions
Applied To Current Year42855AppliedToCurrentYear
Remaining Distri From Corpus20720RemainingDistriFromCorpus
Total Corpus202352TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year588163ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year114189ExcessDistriCyovToNextYear
Excess From Year453832ExcessFromYear4
Excess From Year326348ExcessFromYear3
Excess From Year113289ExcessFromYear1
Excess From Current Year20720ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL V PRENTISSContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (16 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
DIGNITAS USA
8333 DOUGLAS AVE STE 1350DALLASTX75225NONECHARITABLE$5,000
PIEDMONT ENVIRONMENTAL COUNCIL
PO BOX 460WARRENTONVA20188NONECHARITABLE$5,000
CAPE COD HEALTHCARE FOUNDATION
POST OFFICE BOX 370HYANNISMA02601NONECHARITABLE$5,000
ST MARKS FUND
10600 PRESTON ROADDALLASTX75230NONECHARITABLE$1,000
BAYLOR FOUNDATION
3600 GASTON AVE STE 100DALLASTX75246NONECHARITABLE$500
VIRGINIA ATHLETICS FOUNDATION
PO BOX 400833CHARLOTTESVILLEVA229044833NONECHARITABLE$2,500
THE JOEY FUND
220 NORTH MAIN STEET STE 104NATICKMA01760NONECHARITABLE$125
MD ANDERSON CANCER CENTER
PO BOX 301439HOUSTONTX772301439NONECHARITABLE$100
SAVE THE CHILDREN
54 WILTON ROADWESTPORTCT06880NONECHARITABLE$250
SAVE OUR SOUND
4 BARNSTABLE ROADHYANNISMA02601NONECHARITABLE$500
FRIENDS OF THE SAN JUANS
PO BOX 1344FRIDAY HARBORWA98250NONECHARITABLE$100
WASHINGTON STATE UNIV FOUNDTN
PO BOX 641925PULLMANWA991641925NONEEDUCATIONAL$11,000
HARLEM CHILDRENS ZONE
35 EAST 125TH STNEW YORKNY10035NONECHARITABLE$10,000
CAPE COD SYMPHONY ORCHESTRA
712A MAIN STREETYARMOUTH PORTMA02675NONECHARITABLE$2,000
JOSLIN DIABETES CENTER
ONE JOSLIN PLACEBOSTONMA02215NONECHARITABLE$20,000
NATURAL RESOURCES DEFENSE CNCL
40 W 20TH STNEW YORKNY10011NONECHARITABLE$500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year63575TotGrantOrContriPaidDuringYear

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEECategory
Amount$1,200Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (6 entries)

Category Or ItemCategoryOrItemBook ValueBookValueEOYFMVEOYFMV
BRANDYWINE REALTY TRUST00
ATLAS PIPELINE L P UNIT LP PARTNERS2628331570
CIFC CORP COM373554000
COPANO ENERGY LLC COM UNITS2691347445
CROSSTEX ENERGY L P COM UNITS REPST3391421825
FIDELITY ADVISORS FLOATING RATE MUT388000389568

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

FieldValueIRS element (for citing)
CategoryLEGALCategory
Amount$400Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeAdjusted Net IncomeAdjustedNetIncome
ATLAS PIPELINE PTRS K-1428428428
COPANO ENERGY LLC K-1246246246
CROSSTEX ENERGY K-1214214214