STANTON AND COLOMBO FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: STANTON AND COLOMBO FAMILY FOUNDATION (EIN 27-3311232)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-10
IRS object ID: 201331309349100428
Schema version: 2012v2.2
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
Schedule B
General Explanation Attachment
Liquidation Explanation Stmt
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-10T12:58:13-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Lane Suite 212	AddressLine1
City	Lake Success	City
State	NY	State
ZIP Code	11042	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	273311232	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	The Stanton and Colombo Family Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	STAN	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Janice Stanton	Name
Title	Trustee	Title
Date Signed	2013-05-10	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2013-05-10	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	339757	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	275000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	263	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	263	InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	275263	TotalRevenueAndExpenses
Total Net Investment Income	263	TotalNetInvestmentIncome
Taxes Rev And Expnss	8	TaxesRevAndExpnss
Other Expenses Rev And Expnss	3050	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	3050	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	3058	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	3050	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	42500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	42500	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	45558	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	45550	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	229705	ExcessOfRevenueOverExpenses
Net Investment Income	263	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	110052	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	339757	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	339757	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	110052	TotalAssetsBOY
Total Assets EOY	339757	TotalAssetsEOY
Total Assets EOYFMV	339757	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	110052	RetainedEarningsBOY
Retained Earnings EOY	339757	RetainedEarningsEOY
Total Net Assets BOY	110052	TotalNetAssetsBOY
Total Net Assets EOY	339757	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	110052	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	339757	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	110052	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	229705	ExcessOfRevenueOverExpenses
Subtotal	339757	Subtotal
Total Net Assets Fund Balances EOY	339757	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	51167	QualifyingDistributionsYear1
Noncharitable Assets Year1	117886	NoncharitableAssetsYear1
Distribution Ratio Year1	000.434038	DistributionRatioYear1
Qualifying Distributions Year2	69200	QualifyingDistributionsYear2
Noncharitable Assets Year2	33888	NoncharitableAssetsYear2
Distribution Ratio Year2	002.042021	DistributionRatioYear2
Total Distribution Ratio	002.476059	TotalDistributionRatio
Average Distribution Ratio	001.238030	AverageDistributionRatio
Net Noncharitable Assets	117656	NetNoncharitableAssets
Adjusted Noncharitable Assets	145662	AdjustedNoncharitableAssets
One Percent Net Investment Income	3	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	145665	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	45550	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	5	InvestmentIncomeExciseTax
Subtotal	5	Subtotal
Tax Based On Investment Income	5	TaxBasedOnInvestmentIncome
Tax Due	5	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	true	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
Adam Colombo
Foundation Source 501 Silverside Rd	Wilmington	DE	19809	Trustee	001.00	0
Amy Colombo
Foundation Source 501 Silverside Rd	Wilmington	DE	19809	Trustee	001.00	0
Janice Stanton
Foundation Source 501 Silverside Rd	Wilmington	DE	19809	Trustee	001.00	0

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	119448	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	119448	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	119448	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	1792	CashDeemedCharitable
Net Noncharitable Assets	117656	NetNoncharitableAssets
Minimum Investment Return	5883	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	5883	MinimumInvestmentReturn
Tax Based On Investment Income	5	TaxBasedOnInvestmentIncome
Total Tax	5	TotalTax
Distributable Amount Before Adj	5878	DistributableAmountBeforeAdj
Distributable Amount Before Ded	5878	DistributableAmountBeforeDed
Distributable Amount As Adjusted	5878	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	45550	ExpensesAndContributions
Qualifying Distributions	45550	QualifyingDistributions
Adj Qualifying Distributions	45550	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	5878	DistributableAmountAsAdjusted
Excess Distri Carryover Year2	68597	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	45281	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	113878	TotalExcessDistriCarryover
Qualifying Distributions	45550	QualifyingDistributions
Applied To Current Year	5878	AppliedToCurrentYear
Remaining Distri From Corpus	39672	RemainingDistriFromCorpus
Total Corpus	153550	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	153550	ExcessDistriCyovToNextYear
Excess From Year2	68597	ExcessFromYear2
Excess From Year1	45281	ExcessFromYear1
Excess From Current Year	39672	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	Janice Stanton	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (10 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CHILDRENS DEFENSE FUND
25 E ST NW	WASHINGTON	DC	20001	N/A	509a1	General Unrestricted	$1,000
CONVENT OF THE SACRED HEART
ONE E 91ST ST	NEW YORK	NY	10128	N/A	509a1	Annette Saraceni Endowmnent Fund	$1,000
DAVIDSON COLLEGE
PO BOX 7162	DAVIDSON	NC	28035	N/A	509a1	General Unrestricted	$5,000
FACING HISTORY AND OURSELVES NTL FDN
16 HURD RD	BROOKLINE	MA	02445	N/A	509a1	General Unrestricted	$2,500
HEARTSONG INC
1 SUMMIT AVE	WHITE PLAINS	NY	10606	N/A	509a1	General Unrestricted	$500
MY SISTERS PLACE INC
1 WATER ST STE 3RD FLR	WHITE PLAINS	NY	10601	N/A	509a1	General Unrestricted	$5,000
RYE COUNTRY DAY SCHOOL
POST RD AND CEDAR ST	RYE	NY	10580	N/A	509a1	Annual Fund	$10,000
STANFORD UNIVERSITY
326 GALVEZ ST	STANFORD	CA	94305	N/A	509a1	General Unrestricted	$5,000
TEACH FOR AMERICA INC
315 W 36TH ST FL 8	NEW YORK	NY	10018	N/A	509a1	Sponsor a Teacher	$5,000
TRUSTEES OF THE UNIV OF PENNSYLVANIA
601 FRANKLIN BLDG 3451 WALNUT ST	PHILADELPHIA	PA	19104	N/A	509a1	General Unrestricted	$7,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	42500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$263	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$263	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	263	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	Stanton Janice	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	35 Stratford Road	AddressLine1
City	Harrison	City
State	NY	State
ZIP Code	10528	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	275000	AggregateContributions
Person Contribution Type	X	PersonContributionType

General Explanation Attachment GeneralExplanationAttachment

Liquidation Explanation Stmt LiquidationExplanationStmt

Field	Value	IRS element (for citing)
Statement	This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, The Stanton and Colombo Family Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 42,500. This amount represents over 25 of the Foundations net assets of 110,052 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.	Statement

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
Administrative Fees	3000	3000
State or Local Filing Fees	50	50

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	IRS Excise Tax Payment with 1st ext 990-PF	Category
Amount	$8	Amount