DICROCE FAMILY FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- DICROCE FAMILY FOUNDATION (EIN 04-6974293)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-05
- IRS object ID
- 201213109349100051
- 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
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-05T07:17:47-06:00 | 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 | DAN CLASBY & COMPANY | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CUMMINGS CENTER SUITE 238C | AddressLine1 |
| City | BEVERLY | City |
| State | MA | State |
| ZIP Code | 01915 | 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 | 046974293 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DICROCE FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DICR | NameControl |
| Phone | 9785264524 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 CAROLINA WAY | AddressLine1 |
| City | BOXFORD | City |
| State | MA | State |
| ZIP Code | 01921 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANTHONY DICROCE | Name |
| Title | TRUSTEE | Title |
| Phone | 9785264524 | Phone |
| Date Signed | 2012-11-05 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SANDRA A O'DONNELL | Name |
| Phone | 9789229900 | Phone |
| Date Prepared | 2012-11-04 | 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 | 373417 | 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 | 2837 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 2837 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 2837 | InterestOnSavingsAdjNetIncm |
| Total Revenue And Expenses | 2837 | TotalRevenueAndExpenses |
| Total Net Investment Income | 2837 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 2837 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 175 | AccountingFeesRevAndExpnss |
| Taxes Rev And Expnss | 119 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 119 | TaxesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 294 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 119 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 5175 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 5175 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 5469 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 119 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 5175 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -2632 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 2718 | NetInvestmentIncome |
| Adjusted Net Income | 2837 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 26526 | CashBOY |
| Cash EOY | 21134 | CashEOY |
| Cash EOYFMV | 21134 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 16099 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 18859 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 18859 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 253424 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 253424 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 253424 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 80000 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 80000 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 80000 | InvestmentsCorpBondsEOYFMV |
| Total Assets BOY | 376049 | TotalAssetsBOY |
| Total Assets EOY | 373417 | TotalAssetsEOY |
| Total Assets EOYFMV | 373417 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 376049 | UnrestrictedBOY |
| Unrestricted EOY | 373417 | UnrestrictedEOY |
| Total Net Assets BOY | 376049 | TotalNetAssetsBOY |
| Total Net Assets EOY | 373417 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 376049 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 373417 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 376049 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -2632 | ExcessOfRevenueOverExpenses |
| Subtotal | 373417 | Subtotal |
| Total Net Assets Fund Balances EOY | 373417 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 35268 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 344750 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.102300 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 32075 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 197000 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.162817 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 34545 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 438226 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.078829 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 56700 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 506290 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.111991 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 36825 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 520363 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.070768 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.526705 | TotalDistributionRatio |
| Average Distribution Ratio | 0.105341 | AverageDistributionRatio |
| Net Noncharitable Assets | 345169 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 36360 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 27 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 36387 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 5175 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 54 | InvestmentIncomeExciseTax |
| Subtotal | 54 | Subtotal |
| Tax Based On Investment Income | 54 | TaxBasedOnInvestmentIncome |
| Tax Due | 54 | TaxDue |
| 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 |
| 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 |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | ANTHONY DICROCE | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9785355555 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 CAROLINA WAY | AddressLine1 |
| City | BOXFORD | City |
| State | MA | State |
| ZIP Code | 01921 | 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| ANTHONY DICROCE | ||||||||
| 10 CAROLINA WAY | BOXFORD | MA | 01921 | TRUSTEE | 2.00 | 0 | 0 | 0 |
| STACEY DICROCE | ||||||||
| 10 CAROLINA WAY | BOXFORD | MA | 01921 | TRUSTEE | 2.00 | 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 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THIS ORGANIZATION DISTRIBUTES GRANTS TO SECTION 501(C)(3) ORGANIZATIONS. DURING 2011, THESE GRANTS TOTALLED 5,175.00 TO VARIOUS ORGANIZATIONS. | Description1 |
| Expenses1 | 5175 | Expenses1 |
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 | 333425 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 17000 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 350425 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 350425 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 5256 | CashDeemedCharitable |
| Net Noncharitable Assets | 345169 | NetNoncharitableAssets |
| Minimum Investment Return | 17258 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 17258 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 54 | TaxBasedOnInvestmentIncome |
| Total Tax | 54 | TotalTax |
| Distributable Amount Before Adj | 17204 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 17204 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 17204 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 5175 | ExpensesAndContributions |
| Qualifying Distributions | 5175 | QualifyingDistributions |
| Adj Qualifying Distributions | 5175 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 17204 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 10951 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 31640 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 12923 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 22227 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 18044 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 95785 | TotalExcessDistriCarryover |
| Qualifying Distributions | 5175 | QualifyingDistributions |
| Applied To Current Year | 5175 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 12029 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 12029 | ExcessDistriCyovAppliedCY |
| Total Corpus | 83756 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 83756 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 30562 | ExcessFromYear4 |
| Excess From Year3 | 12923 | ExcessFromYear3 |
| Excess From Year2 | 22227 | ExcessFromYear2 |
| Excess From Year1 | 18044 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ANTHONY DICROCE | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (12 entries)
| Address Line1RecipientUSAddress/AddressLine1 | Address Line2RecipientUSAddress/AddressLine2 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| ANNUAL CATHOLIC APPEAL | ||||||
| SALEM MA | SALEM MA | BOSTON | MA | 02110 | CONTRIBUTION | $100 |
| MANCHESTER COMMUNITY CENT | ||||||
| MANCHESTER MA | MANCHESTER MA | MANCHESTER | MA | 01944 | CONTRIBUTION | $350 |
| ST MARY'S HIGH SCHOOL | ||||||
| LYNN MA | LYNN MA | LYNN | MA | 01901 | CONTRIBUTION | $150 |
| THE JOEY FUNDPAN MASS CHALLENGE | ||||||
| BOSTON MA | BOSTON MA | BOSTON | MA | 02110 | CONTRIBUTION | $1,200 |
| UNH FOUNDATION | ||||||
| NEW HAMPSHIRE | NEW HAMPSHIRE | NEW HAMPSHIRE | NH | 03824 | CONTRIBUTION | $300 |
| THE GOVERNOR'S ACADEMY | ||||||
| BOXFORD MA | BOXFORD MA | BOXFORD | MA | 01980 | CONTRIBUTION | $1,650 |
| WAKE FOREST CATHOLIC | ||||||
| 1834 WAKE FOREST | 1834 WAKE FOREST | SALEMWINSTON | NC | 27109 | CONTRIBUTION | $100 |
| SERVING PEOPLE IN NEED | ||||||
| BOSTON MA | BOSTON MA | SALEM | MA | 01970 | CONTRIBUTION | $100 |
| SPECIAL OLYMPICS | ||||||
| BOSTON MA | BOSTON MA | BOSTON | MA | 02110 | CONTRIBUTION | $25 |
| WELLSPRING | ||||||
| BEVERLY MA | BEVERLY MA | BEVERLY | MA | 01915 | CONTRIBUTION | $1,000 |
| LYNNE'S KIDS | ||||||
| MANCHESTER | MANCHESTER | MANCHESTER | MA | 01944 | CONTRIBUTION | $100 |
| DOROTHEA SULLIVAN SCHOLARHIP FUND | ||||||
| ST JOHNS SCHOOL | SCHOOL STREET | PEABODY | MA | 01960 | CONTRIBUTION | $100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 5175 | 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 | $2,837 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,837 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 2837 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount | $175 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation (2 entries)
| ANTHONY DICROCE |
| STACEY DICROCE |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | 80000 | EOYBookValue |
| EOYFMV | 80000 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | 253424 | EOYBookValue |
| EOYFMV | 253424 | EOYFMV |
Taxes Schedule TaxesSchedule
Taxes Taxes (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| STATE TAXES | $35 | 35 |
| FEDERAL TAXES | $7 | 7 |
| FOREIGN TAXES | $77 | 77 |