PETER & NANCY SALTER FAMILY FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PETER & NANCY SALTER FAMILY FOUNDATION INC (EIN 20-1828772)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-15
- IRS object ID
- 201241369349101534
- 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
- Compensation Explanation
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T12:55:54-05:00 | 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 | URKE & STOLLER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11811 N TATUM BLVD STE 1060 | AddressLine1 |
| City | PHOENIX | City |
| State | AZ | State |
| ZIP Code | 85028 | 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 | 201828772 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER & NANCY SALTER FAMILY | BusinessNameLine1 |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PETE | NameControl |
| Phone | 6023884632 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5624 N CAMINO DEL CONTENTO | AddressLine1 |
| City | PARADISE VALLEY | City |
| State | AZ | State |
| ZIP Code | 85253 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PETER W SALTER | Name |
| Title | DIRECTOR | Title |
| Phone | 6023884632 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN K URKE | Name |
| Phone | 6028675058 | Phone |
| Date Prepared | 2012-05-14 | 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 | 17380820 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 170000 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 34221 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 34221 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 34221 | InterestOnSavingsAdjNetIncm |
| Dividends Rev And Expnss | 23594 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 23594 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 23594 | DividendsAdjNetIncm |
| Total Revenue And Expenses | 227815 | TotalRevenueAndExpenses |
| Total Net Investment Income | 57815 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 57815 | TotalAdjustedNetIncome |
| Tot Opr Expenses Rev And Expnss | 0 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 2500000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 2500000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 2500000 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 2500000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -2272185 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 57815 | NetInvestmentIncome |
| Adjusted Net Income | 57815 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 17789220 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 13511309 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 13511309 | SavingsAndTempCashInvstEOYFMV |
| Investments Govt Oblig BOY | 940169 | InvestmentsGovtObligBOY |
| Investments Govt Oblig EOY | 662548 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 662548 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock BOY | 300813 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 3206963 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 3206963 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 19030202 | TotalAssetsBOY |
| Total Assets EOY | 17380820 | TotalAssetsEOY |
| Total Assets EOYFMV | 17380820 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 19030202 | UnrestrictedBOY |
| Unrestricted EOY | 17380820 | UnrestrictedEOY |
| Total Net Assets BOY | 19030202 | TotalNetAssetsBOY |
| Total Net Assets EOY | 17380820 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 19030202 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 17380820 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 19030202 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -2272185 | ExcessOfRevenueOverExpenses |
| Other Increases | 622803 | OtherIncreases |
| Subtotal | 17380820 | Subtotal |
| Total Net Assets Fund Balances EOY | 17380820 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 205000 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 4629326 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.044283 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 135395 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 3208834 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.042194 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 83274 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 2564019 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.032478 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 80746 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 1787788 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.045165 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 65974 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 975633 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.067622 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.231742 | TotalDistributionRatio |
| Average Distribution Ratio | 0.046348 | AverageDistributionRatio |
| Net Noncharitable Assets | 17380963 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 805573 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 578 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 806151 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 2500000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 578 | InvestmentIncomeExciseTax |
| Subtotal | 578 | Subtotal |
| Tax Based On Investment Income | 578 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 1020 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 1020 | TotalCreditsAndPayments |
| Overpayment | 442 | Overpayment |
| Amount Credited To Next Year | 442 | 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 |
| States Filed With | AZ | 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 | N/A | WebsiteAddress |
| Books In Care Of Person Name | THE ORGANIZATION | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 6023884632 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5624 N CAMINO DEL CONTENTO | AddressLine1 |
| City | PARADISE VALLEY | City |
| State | AZ | State |
| ZIP Code | 85253 | 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 |
| 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 |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | PETER W SALTER | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5624 N CAMINO DEL CONTENTO | AddressLine1 |
| City | PARADISE VALEY | City |
| State | AZ | State |
| ZIP Code | 85253 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | DIRECTOR | Title |
| Avg Hours Per Wk Devoted To Position | 5.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| Contri To Empl Benefit Plans Etc | 0 | ContriToEmplBenefitPlansEtc |
| Expense Account Other Allowances | 0 | ExpenseAccountOtherAllowances |
| 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 | 14284676 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 3360972 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 17645648 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 17645648 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 264685 | CashDeemedCharitable |
| Net Noncharitable Assets | 17380963 | NetNoncharitableAssets |
| Minimum Investment Return | 869048 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 869048 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 578 | TaxBasedOnInvestmentIncome |
| Total Tax | 578 | TotalTax |
| Distributable Amount Before Adj | 868470 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 868470 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 868470 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 2500000 | ExpensesAndContributions |
| Qualifying Distributions | 2500000 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 578 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 2499422 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 868470 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 49033 | UndistributedIncomePriorYear |
| Qualifying Distributions | 2500000 | QualifyingDistributions |
| Applied To Year1 | 49033 | AppliedToYear1 |
| Applied To Current Year | 868470 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 1582497 | RemainingDistriFromCorpus |
| Total Corpus | 1582497 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 1582497 | ExcessDistriCyovToNextYear |
| Excess From Current Year | 1582497 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | PETER NANCY SALTER | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5624 NORTH CAMINO DEL CONTENTO | AddressLine1 |
| City | PARADISE VALLEY | City |
| State | AZ | State |
| ZIP Code | 85253 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 6023884632 | RecipientPhoneNumber |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | U OF A FOUNDATION | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 N CHERRY AVE | AddressLine1 |
| City | TUCSON | City |
| State | AZ | State |
| ZIP Code | 85721 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | ATHLETICS NEZ | PurposeOfGrantOrContribution |
| Amount | $2,500,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 2500000 | 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 | $34,221 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $23,594 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $57,815 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 57815 | 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 |
Compensation Explanation CompensationExplanation
Compensation Compensation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | PETER W SALTER | PersonName |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (4 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| COHEN & STEERS QUALITY INC RLTY FD. | 142779 | 142779 |
| CBRE CLARION GLOBAL REAL EST. INC F | 136800 | 136800 |
| ENBRIDGE ENERGY MGMT LLC SHS UNITS | 394174 | 394174 |
| KINDER MORGAN MGMT LLC | 2533210 | 2533210 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 662548 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 662548 | USGovtSecuritiesEOYFMV |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED GAIN ON MARKETABLE SECURITIES | Description |
| Amount | $622,803 | Amount |