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EUGENE A AND SUZANNE H GORAB FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
EUGENE A AND SUZANNE H GORAB FOUNDATION (EIN 06-1603317)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-12
IRS object ID
201223189349100717
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

FieldValueIRS element (for citing)
Timestamp2012-11-12T12:35:17-00:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line155 Walls DriveAddressLine1
CityFairfieldCity
StateCTState
ZIP Code06824ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN061603317EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Eugene A & Suzanne H Gorab FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlEUGENameControl
Phone2033545010Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Greenfield Partners 50 N Water StAddressLine1
CitySouth NorwalkCity
StateCTState
ZIP Code06854ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameEugene A GorabName
TitleTrusteeTitle
Date Signed2012-11-12DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJeffrey D HaskellName
Phone8008391754Phone
Date Prepared2012-11-12DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY137602FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss300000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss15InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm15InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss194DividendsRevAndExpnss
Dividends Net Invst Incm194DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses300209TotalRevenueAndExpenses
Total Net Investment Income209TotalNetInvestmentIncome
Other Expenses Rev And Expnss5568OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps5568OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss5568TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps5568TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss321615ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps321615ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss327183TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps327183TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-26974ExcessOfRevenueOverExpenses
Net Investment Income209NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY148255SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY121281SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV121281SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY2929InvestmentsCorpStockBOY
Investments Corp Stock EOY2929InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV16321InvestmentsCorpStockEOYFMV
Total Assets BOY151184TotalAssetsBOY
Total Assets EOY124210TotalAssetsEOY
Total Assets EOYFMV137602TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY151184RetainedEarningsBOY
Retained Earnings EOY124210RetainedEarningsEOY
Total Net Assets BOY151184TotalNetAssetsBOY
Total Net Assets EOY124210TotalNetAssetsEOY
Total Liabilities Net Assets BOY151184TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY124210TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY151184TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-26974ExcessOfRevenueOverExpenses
Subtotal124210Subtotal
Total Net Assets Fund Balances EOY124210TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1302287QualifyingDistributionsYear1
Noncharitable Assets Year1184158NoncharitableAssetsYear1
Distribution Ratio Year1001.641455DistributionRatioYear1
Qualifying Distributions Year2255632QualifyingDistributionsYear2
Noncharitable Assets Year2364626NoncharitableAssetsYear2
Distribution Ratio Year2000.701080DistributionRatioYear2
Qualifying Distributions Year3189535QualifyingDistributionsYear3
Noncharitable Assets Year3485351NoncharitableAssetsYear3
Distribution Ratio Year3000.390511DistributionRatioYear3
Qualifying Distributions Year435250QualifyingDistributionsYear4
Noncharitable Assets Year4255940NoncharitableAssetsYear4
Distribution Ratio Year4000.137728DistributionRatioYear4
Qualifying Distributions Year522712QualifyingDistributionsYear5
Noncharitable Assets Year565853NoncharitableAssetsYear5
Distribution Ratio Year5000.344889DistributionRatioYear5
Total Distribution Ratio003.215663TotalDistributionRatio
Average Distribution Ratio000.643133AverageDistributionRatio
Net Noncharitable Assets155100NetNoncharitableAssets
Adjusted Noncharitable Assets99750AdjustedNoncharitableAssets
One Percent Net Investment Income2OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One99752AdjNonchrtblAssetsAndOnePct
Qualifying Distributions327183QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax2InvestmentIncomeExciseTax
Subtotal2Subtotal
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment20EstTaxPaymentsAndOverpayment
Total Credits And Payments20TotalCreditsAndPayments
Tax Paid Original Return20TaxPaidOriginalReturn
Overpayment18Overpayment
Amount Credited To Next Year18AmountCreditedToNextYear

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 EtctrueTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1Greenfield Partners LLCBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2033545010BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line150 North Water StreetAddressLine1
CitySouth NorwalkCity
StateCTState
ZIP Code06854ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncometrueProceedsOrNetIncome

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 PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Eugene A Gorab
Greenfield Partners 50 N Water StSouth NorwalkCT06854Trustee001.000
Suzanne H Gorab
Greenfield Partners 50 N Water StSouth NorwalkCT06854Trustee001.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities18418AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances139044AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets157462TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets157462AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable2362CashDeemedCharitable
Net Noncharitable Assets155100NetNoncharitableAssets
Minimum Investment Return7755MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return7755MinimumInvestmentReturn
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Total Tax2TotalTax
Distributable Amount Before Adj7753DistributableAmountBeforeAdj
Distributable Amount Before Ded7753DistributableAmountBeforeDed
Distributable Amount As Adjusted7753DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions327183ExpensesAndContributions
Qualifying Distributions327183QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm2OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions327181AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted7753DistributableAmountAsAdjusted
Excess Distri Carryover Year519599ExcessDistriCarryoverYear5
Excess Distri Carryover Year422728ExcessDistriCarryoverYear4
Excess Distri Carryover Year3165297ExcessDistriCarryoverYear3
Excess Distri Carryover Year2237405ExcessDistriCarryoverYear2
Excess Distri Carryover Year1293083ExcessDistriCarryoverYear1
Total Excess Distri Carryover738112TotalExcessDistriCarryover
Qualifying Distributions327183QualifyingDistributions
Applied To Current Year7753AppliedToCurrentYear
Remaining Distri From Corpus319430RemainingDistriFromCorpus
Total Corpus1057542TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year519599ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year1037943ExcessDistriCyovToNextYear
Excess From Year422728ExcessFromYear4
Excess From Year3165297ExcessFromYear3
Excess From Year2237405ExcessFromYear2
Excess From Year1293083ExcessFromYear1
Excess From Current Year319430ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerEugene A GorabContributingManager
Contributing ManagerSuzanne H GorabContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (19 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
AMERICAN CANCER SOCIETY
372 DANBURY RDWILTONCT06897N/A509(a)(1)General Unrestricted$500
AMERICARES FOUNDATION INC
88 HAMILTON AVESTAMFORDCT06902N/A509(a)(1)Japan Earthquake Relief$9,700
CONNECTICUT FOOD BANK INC- BRIDGEPO
74 LINWOOD AVEFAIRFIELDCT06824N/A501(c)(3)General Unrestricted$2,500
BRIDGEPORT HOSPITAL
PO BOX 5000BRIDGEPORTCT06610N/A509(a)(1)General Unrestricted$350
BRIDGEPORT RESCUE MISSION INC
1088 FAIRFIELD AVEBRIDGEPORTCT06605N/A509(a)(1)General Unrestricted$200
BRIDGEPORT RESCUE MISSION INC
1088 FAIRFIELD AVEBRIDGEPORTCT06605N/A509(a)(1)Charitable Event$2,500
BUCKNELL UNIVERSITY
82 UNIVERSITY AVELEWISBURGPA17837N/A509(a)(1)Eugene A. and Suzanne H. Gorab Endowment Bucknell Fund$160,000
FAIRFIELD THEATRE COMPANY INC
70 SANFORD STFAIRFIELDCT06824N/A509(a)(2)General Unrestricted$75,000
GREENFIELD HILL CONGREGATIONAL CHUR
1045 OLD ACADEMY RDFAIRFIELDCT06824N/A509(a)(1)General Unrestricted$38,000
JAPAN SOCIETY INC
333 E 47TH STNEW YORKNY10017N/A509(a)(1)Japan Earthquake Relief$8,415
NORMA F PFRIEM BREAST CARE CENTER
111 BEACH RDFAIRFIELDCT06824N/AN/AGeneral Unrestricted$1,000
NORTH STONINGTON BIBLE CHURCH
100 JEREMEY HILL RDNORTH STONINGTONCT06359N/A509(a)(1)General Unrestricted$10,000
NATIONAL KIDNEY FOUNDATION - NEW YO
30 E 33RD STNEW YORKNY10016N/A501(c)(3)General Unrestricted$100
OCEAN COMMUNITY YMCA
95 HIGH STWESTERLYRI02891N/A509(a)(1)General Unrestricted$100
SAVE THE CHILDREN FEDERATION INC
54 WILTON RDWESTPORTCT06880N/A509(a)(1)Japan Earthquake Tsunami Children Emergency Fund$250
VISITING NURSE HOSPICE OF FAIRFIE
PO BOX 489WILTONCT06897N/A509(a)(1)General Unrestricted$1,000
WATCH HILL CONSERVANCY
222 WATCH HILL RDWATCH HILLRI02891N/A509(a)(1)General Unrestricted$1,000
WATERSIDE SCHOOL INC
770 PACIFIC STSTAMFORDCT06902N/A509(a)(1)General Unrestricted$10,000
WESTERLY HOSPITAL
25 WELLS STWESTERLYRI02891N/A509(a)(1)General Unrestricted$1,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year321615TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$15ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$194ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$209ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA209TotalPartXVIA

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number0001ContributorNumber
Contributor Name IndividualGorab Eugene AContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1205 Queens Grant DriveAddressLine1
CityFairfieldCity
StateCTState
ZIP Code06824ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions300000AggregateContributions
Person Contribution TypeXPersonContributionType

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of Stock187 shares of FACTSET RESH SYST INC. FDSNameOfStock
EOY Book Value2929EOYBookValue
EOYFMV16321EOYFMV

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
StatementThis 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, 2011, Eugene A. Suzanne H. Gorab Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 321,615. This amount represents over 25 of the Foundations net assets of 165,789 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2011. 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

FieldValueIRS element (for citing)
DescriptionAdministrative FeesDescription
Revenue And Expenses Per Books5568RevenueAndExpensesPerBooks
Disbursements Charitable Prps5568DisbursementsCharitablePrps