THE FIPP FAMILY FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE FIPP FAMILY FOUNDATION (EIN 59-7153111)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-03-20
- IRS object ID
- 201200809349100300
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-20T08:11:14-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BING & ASSOCIATES PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2320 S THIRD ST SUITE 9 | AddressLine1 |
| City | JACKSONVILLE BEACH | City |
| State | FL | State |
| ZIP Code | 322504057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 597153111 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FIPP FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FIPP | NameControl |
| Phone | 9046416988 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7639 HOLLYRIDGE CIRCLE | AddressLine1 |
| City | JACKSONVILLE | City |
| State | FL | State |
| ZIP Code | 32256 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KATHRYN F BING | Name |
| Title | TRUSTEE | Title |
| Phone | 9046416988 | Phone |
| Date Signed | 2012-03-19 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | J KEVIN BING | Name |
| Phone | 9042466444 | Phone |
| Date Prepared | 2012-03-19 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 330 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 16 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 16 | InterestOnSavingsNetInvstIncm |
| Total Revenue And Expenses | 16 | TotalRevenueAndExpenses |
| Total Net Investment Income | 16 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 600 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 600 | AccountingFeesNetInvstIncm |
| Other Expenses Rev And Expnss | 150 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 150 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 750 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 750 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 15000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 15000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 15750 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 750 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 15000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -15734 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 16064 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 330 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 330 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 16064 | TotalAssetsBOY |
| Total Assets EOY | 330 | TotalAssetsEOY |
| Total Assets EOYFMV | 330 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 16064 | RetainedEarningsBOY |
| Retained Earnings EOY | 330 | RetainedEarningsEOY |
| Total Net Assets BOY | 16064 | TotalNetAssetsBOY |
| Total Net Assets EOY | 330 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 16064 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 330 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 16064 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -15734 | ExcessOfRevenueOverExpenses |
| Subtotal | 330 | Subtotal |
| Total Net Assets Fund Balances EOY | 330 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 36000 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 9847 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 3.655936 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 34000 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 9852 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 3.451076 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 36300 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 12691 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 2.860295 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 38000 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 7614 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 4.990806 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 40000 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 4838 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 8.267879 | DistributionRatioYear5 |
| Total Distribution Ratio | 23.225992 | TotalDistributionRatio |
| Average Distribution Ratio | 4.645198 | AverageDistributionRatio |
| Net Noncharitable Assets | 4433 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 20592 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 20592 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 15000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
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 | false | TerminationEtc |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | FL | StatesFiledWith |
| 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 |
| Website Address | NONE | WebsiteAddress |
| Books In Care Of Person Name | BING ASSOCIATES PA | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9042466444 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2320 SOUTH THIRD STREET SUITE 9 | AddressLine1 |
| City | JACKSONVILLE BEACH | City |
| State | FL | State |
| ZIP Code | 32250 | ZIPCode |
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 |
| 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| CAROL M FIPP | ||||||||
| 3568 AVALON COVE DRIVE EAST | JACKSONVILLE | FL | 322245600 | TRUSTEE | 0.00 | 0 | 0 | 0 |
| MARY WILKINS | ||||||||
| 429 DALLAS POINTE LANE | CHAPIN | SC | 290367945 | TRUSTEE | 0.00 | 0 | 0 | 0 |
| JANET L HEFFNER | ||||||||
| 2700 MEADE COURT | CHARLOTTE | NC | 282113647 | TRUSTEE | 0.00 | 0 | 0 | 0 |
| KATHRYN F BING | ||||||||
| 528 SOUTH SEA LAKE LANE | PONTE VEDRA BEACH | FL | 320824752 | TRUSTEE | 0.00 | 0 | 0 | 0 |
| ANN FIPP LEACH | ||||||||
| 8125 OXFORD COMMONS DRIVE | CHARLOTTE | NC | 282771393 | TRUSTEE | 0.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 6433 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 6433 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 6433 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 2000 | CashDeemedCharitable |
| Net Noncharitable Assets | 4433 | NetNoncharitableAssets |
| Minimum Investment Return | 222 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 222 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 222 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 222 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 222 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 15000 | ExpensesAndContributions |
| Qualifying Distributions | 15000 | QualifyingDistributions |
| Adj Qualifying Distributions | 15000 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 222 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 39758 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 37619 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 35665 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 33507 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 35508 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 182057 | TotalExcessDistriCarryover |
| Qualifying Distributions | 15000 | QualifyingDistributions |
| Applied To Current Year | 222 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 14778 | RemainingDistriFromCorpus |
| Total Corpus | 196835 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 39758 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 157077 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 37619 | ExcessFromYear4 |
| Excess From Year3 | 35665 | ExcessFromYear3 |
| Excess From Year2 | 33507 | ExcessFromYear2 |
| Excess From Year1 | 35508 | ExcessFromYear1 |
| Excess From Current Year | 14778 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (12 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN FAMILY ASSOCIATION | |||||||
| PO DRAWER 2440 | TUPELO | MS | 38803 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| CATHOLIC MEDICAL MISSIONS | |||||||
| 10 WEST 17TH STREET | NEW YORK | NY | 100115765 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| CATHOLIC RELIEF SERVICES | |||||||
| 228 WEST LEXINGTON STREET | BALTIMORE | MD | 212013443 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| CHRISTIAN FAMILY CHAPEL | |||||||
| 10365 ST AUGUSTINE ROAD | JACKSONVILLE | FL | 32257 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| CRUDEM FOUNDATION | |||||||
| PO BOX 804 | LUDLOW | MA | 01056 | DONATION | ACTIVE | CHARITABLE DONATION | $4,000 |
| FIRST COAST WOMEN'S SERVICES | |||||||
| 8475 WESTERN WAY 150 | JACKSONVILLE | FL | 32256 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| HOLY FAMILY CATHOLIC CHURCH | |||||||
| 9800 BAYMEADOWS ROAD | JACKSONVILLE | FL | 32256 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| INTERNATIONAL FOUNDATION | |||||||
| PO BOX 23813 | WASHINGTON | DC | 200263813 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| MISSIONARIES OF CHARITY | |||||||
| 335 EAST 145TH STREET | BRONX | NY | 10451 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| REJOICE TRANSFORMING MISSIONS | |||||||
| PO BOX 10987 | JACKSONVILLE | FL | 322470978 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| SPORTS FRIENDS | |||||||
| PO BOX 7900 | CHARLOTTE | NC | 28241 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| PROCLAIM INTERNATIONAL | |||||||
| PO BOX 56888 | JACKSONVILLE | FL | 32241 | DONATION | ACTIVE | CHARITABLE DONATION | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 15000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 16 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 16 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 16 | TotalPartXVIA |
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 3 | LineNumber |
| Relationship Statement | INT/DIV INCOME ON CASH HELD FOR INVESTMENT PURPOSES | RelationshipStatement |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | Category |
| Amount | $600 | Amount |
| Net Investment Income | 600 | NetInvestmentIncome |
Compensation Explanation CompensationExplanation
Compensation Compensation (5 entries)
| CAROL M FIPP |
| MARY WILKINS |
| JANET L HEFFNER |
| KATHRYN F BING |
| ANN FIPP LEACH |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| EXPENSES | ||
| EMA ANNUAL FEE | 150 | 150 |