THE PAPITTO FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE PAPITTO FOUNDATION (EIN 05-0426569)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-09
- IRS object ID
- 201113139349100111
- Schema version
- 2010v3.4
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-09T10:19:21-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDSAGER BARTLETT & PIERONI LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CATAMORE BLVD | AddressLine1 |
| City | EAST PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02914 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050426569 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAPITTO FOUNDATION CO KENTRON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PAPI | NameControl |
| Phone | 4014532005 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 HILLSIDE ROAD No 101 | AddressLine1 |
| City | CRANSTON | City |
| State | RI | State |
| ZIP Code | 02920 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RALPH R PAPITTO | Name |
| Title | TRUSTEE | Title |
| Phone | 4014532005 | Phone |
| Date Signed | 2011-11-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Edward P Pieroni | Name |
| Phone | 4012729100 | Phone |
| Date Prepared | 2011-11-07 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 11083321 | 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 | 121439 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 121439 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 121439 | InterestOnSavingsAdjNetIncm |
| Dividends Rev And Expnss | 241176 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 239844 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 241176 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 331104 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 2308202 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 331104 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 14916 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 14916 | OtherIncomeNetInvstIncm |
| Other Income Adj Net Incm | 14916 | OtherIncomeAdjNetIncm |
| Total Revenue And Expenses | 708635 | TotalRevenueAndExpenses |
| Total Net Investment Income | 707303 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 377531 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 8600 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 8600 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Adj Net Incm | 0 | CompOfcrDirTrstAdjNetIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 0 | CompOfcrDirTrstDsbrsChrtblPrps |
| Oth Empl Slrs Wgs Rev And Expnss | 20800 | OthEmplSlrsWgsRevAndExpnss |
| Oth Empl Slrs Wgs Net Invst Incm | 0 | OthEmplSlrsWgsNetInvstIncm |
| Oth Empl Slrs Wgs Adj Net Incm | 0 | OthEmplSlrsWgsAdjNetIncm |
| Oth Empl Slrs Wgs Dsbrs Chrtbl Prps | 0 | OthEmplSlrsWgsDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 5000 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 5000 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 0 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 34850 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 34850 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Adj Net Incm | 0 | OtherProfFeesAdjNetIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 0 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 7963 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 7963 | TaxesNetInvstIncm |
| Taxes Adj Net Incm | 0 | TaxesAdjNetIncm |
| Taxes Dsbrs Chrtbl Prps | 0 | TaxesDsbrsChrtblPrps |
| Occupancy Rev And Expnss | 6399 | OccupancyRevAndExpnss |
| Occupancy Net Invst Incm | 0 | OccupancyNetInvstIncm |
| Occupancy Adj Net Incm | 0 | OccupancyAdjNetIncm |
| Occupancy Dsbrs Chrtbl Prps | 0 | OccupancyDsbrsChrtblPrps |
| Trav Conf Meeting Rev And Expnss | 202 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Net Invst Incm | 0 | TravConfMeetingNetInvstIncm |
| Trav Conf Meeting Adj Net Incm | 0 | TravConfMeetingAdjNetIncm |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 0 | TravConfMeetingDsbrsChrtblPrps |
| Printing And Pub Rev And Expnss | 90 | PrintingAndPubRevAndExpnss |
| Printing And Pub Net Invst Incm | 0 | PrintingAndPubNetInvstIncm |
| Printing And Pub Adj Net Incm | 0 | PrintingAndPubAdjNetIncm |
| Printing And Pub Dsbrs Chrtbl Prps | 0 | PrintingAndPubDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 10291 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 0 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 0 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 0 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 94195 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 56413 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 8950 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 8950 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 103145 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 56413 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 8950 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 605490 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 650890 | NetInvestmentIncome |
| Adjusted Net Income | 377531 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | 1200 | CashEOY |
| Cash EOYFMV | 1200 | CashEOYFMV |
| Investments Govt Oblig BOY | 0 | InvestmentsGovtObligBOY |
| Investments Govt Oblig EOY | 127898 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 128556 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock BOY | 4745819 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 3836574 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 5119327 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 2092583 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 1989846 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 2052125 | InvestmentsCorpBondsEOYFMV |
| Investments Other BOY | 1898010 | InvestmentsOtherBOY |
| Investments Other EOY | 3352221 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 3782113 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 8736412 | TotalAssetsBOY |
| Total Assets EOY | 9307739 | TotalAssetsEOY |
| Total Assets EOYFMV | 11083321 | TotalAssetsEOYFMV |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 6066231 | CapitalStockBOY |
| Capital Stock EOY | 6066231 | CapitalStockEOY |
| Paid In Or Capital Surplus BOY | 528979 | PaidInOrCapitalSurplusBOY |
| Paid In Or Capital Surplus EOY | 494816 | PaidInOrCapitalSurplusEOY |
| Retained Earnings BOY | 2141202 | RetainedEarningsBOY |
| Retained Earnings EOY | 2746692 | RetainedEarningsEOY |
| Total Net Assets BOY | 8736412 | TotalNetAssetsBOY |
| Total Net Assets EOY | 9307739 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 8736412 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 9307739 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 8736412 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 605490 | ExcessOfRevenueOverExpenses |
| Other Increases | 0 | OtherIncreases |
| Subtotal | 9341902 | Subtotal |
| Other Decreases | 34163 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 9307739 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (26 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis |
|---|---|---|---|---|---|---|---|
| AT MLP FUND, LLC | P | 20463 | 20463 | ||||
| AT MLP FUND, LLC | P | 45652 | 45652 | ||||
| AT MLP FUND, LLC SEC 1231 | P | 707 | 707 | ||||
| ARTIO INTNL EQUITY FUND II | P | -20947 | -20947 | 2009-06-02 | 2010-05-03 | 39053 | 60000 |
| ASTRAZENECA PLC ADR | P | -968 | -968 | 2009-07-23 | 2010-05-04 | 14081 | 15049 |
| AUST & NEW ZEALAND BKG | P | 30135 | 30135 | 2009-05-22 | 2010-05-04 | 54990 | 24855 |
| BHP BILLITON LTD | P | 8468 | 8468 | 2009-08-24 | 2010-05-04 | 157977 | 149509 |
| BRISTOL MYERS SQUIBB | P | -30093 | -30093 | 2009-05-22 | 2010-05-04 | 102027 | 132120 |
| CITIGROUP | P | -115 | -115 | 2009-05-22 | 2010-05-04 | 54807 | 54922 |
| COLUMBIAN ACORN INTNL | P | -9772 | -9772 | 2010-05-03 | 30669 | 40441 | |
| EXELON CORPORATION | P | -10636 | -10636 | 2009-05-22 | 2010-05-04 | 43202 | 53838 |
| FED FARM CR BK | P | 0 | 0 | 2009-05-22 | 2010-05-11 | 25000 | 25000 |
| ISHARES MSCI | P | -7664 | -7664 | 2009-05-22 | 2010-05-04 | 24273 | 31937 |
| JOHN HANCOCK | P | -39368 | -39368 | 2009-05-22 | 2010-05-04 | 107866 | 147234 |
| KIMBERLY CLARK CORP | P | 51310 | 51310 | 2009-05-22 | 2010-05-04 | 245390 | 194080 |
| PAYCHEX | P | -2772 | -2772 | 2009-05-22 | 2010-05-04 | 91108 | 93880 |
| POWERSHS EXCH TRAD | P | -3769 | -3769 | 2009-05-22 | 2010-05-04 | 17893 | 21662 |
| ROYAL BK OF CANANDA | P | 21701 | 21701 | 2009-09-04 | 2010-05-04 | 144998 | 123297 |
| SOUTHERN COPPER CORP | P | 28914 | 28914 | 2009-05-22 | 2010-05-04 | 128869 | 99955 |
| SPDR | P | -4034 | -4034 | 2009-05-22 | 2010-05-04 | 44236 | 48270 |
| TROWE PRICE | P | 45098 | 45098 | 2010-05-04 | 312912 | 267814 | |
| VANGUARD HIGH YIELD | P | 29286 | 29286 | 2010-05-04 | 296218 | 266932 | |
| ISHARES MSCI | P | -15418 | -15418 | 2009-05-22 | 2010-05-04 | 26376 | 41794 |
| POTASH CORP | P | 186120 | 186120 | 2009-05-22 | 2010-08-17 | 280490 | 94370 |
| XTO ENERGY | P | 6734 | 6734 | 2009-10-16 | 2010-12-17 | 63695 | 56961 |
| Capital Gains Dividends | P | 2072 | 2072 | 2072 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 331104 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 89819 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 20130 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 8712364 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.002311 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 1270854 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 9495043 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.133844 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 413900 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 11369292 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.036405 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 539486 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 9565829 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.056397 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 296200 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 6728214 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.044024 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.272981 | TotalDistributionRatio |
| Average Distribution Ratio | 0.054596 | AverageDistributionRatio |
| Net Noncharitable Assets | 9761219 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 532924 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 6509 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 539433 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 8950 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 13018 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 13018 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 13018 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 576 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 14000 | TaxPaidWithExtension |
| Total Credits And Payments | 14576 | TotalCreditsAndPayments |
| Penalty For Underpayment | 189 | PenaltyForUnderpayment |
| Overpayment | 1369 | Overpayment |
| Amount Credited To Next Year | 1369 | AmountCreditedToNextYear |
| Amount To Be Refunded | 0 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 0 | UnrelatedBusIncomeOver1000 |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | RI | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 0 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | RALPH R PAPITTO | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 4012751925 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 HILLSIDE ROAD SUITE 101 | AddressLine1 |
| City | CRANSTON | City |
| State | RI | State |
| ZIP Code | 02920 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 0 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 0 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 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 |
|---|---|---|---|---|---|---|---|---|
| RALPH R PAPITTO | ||||||||
| 6863 SE ISLE WAY | STUART | FL | 34996 | PRES.AND TREASURER | 10.00 | 6000 | 0 | 0 |
| BARBARA A PAPITTO | ||||||||
| 6863 SE ISLE WAY | STUART | FL | 34996 | DIRECTOR | 0.00 | 0 | 0 | 0 |
| EDWARD PPIERONI | ||||||||
| ONE CATAMORE BLVD | EAST PROVIDENCE | RI | 02914 | TRUSTEE | 0.00 | 0 | 0 | 0 |
| DAVID PAPITTO | ||||||||
| 117 WHITE BIRCH CIRCLE | HOPE | RI | 02831 | TRUSTEE | 10.00 | 2600 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1 |
| Expenses1 | 0 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 9909867 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 9909867 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 9909867 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 148648 | CashDeemedCharitable |
| Net Noncharitable Assets | 9761219 | NetNoncharitableAssets |
| Minimum Investment Return | 488061 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 488061 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 13018 | TaxBasedOnInvestmentIncome |
| Total Tax | 13018 | TotalTax |
| Distributable Amount Before Adj | 475043 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 0 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 475043 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 475043 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 8950 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 8950 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 8950 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 475043 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year2 | 8686 | ExcessDistriCarryoverYear2 |
| Total Excess Distri Carryover | 8686 | TotalExcessDistriCarryover |
| Qualifying Distributions | 8950 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 8950 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 8686 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 8686 | ExcessDistriCyovAppliedCY |
| Total Corpus | 0 | TotalCorpus |
| Prior Year Undistributed Income | 0 | PriorYearUndistributedIncome |
| Prior Year Deficiency Or Tax | 0 | PriorYearDeficiencyOrTax |
| Taxable Amount1 | 0 | TaxableAmount1 |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 457407 | UndistributedIncomeCY |
| Distri From Corpus170b1 E Or4942g3 | 0 | DistriFromCorpus170b1EOr4942g3 |
| Excess Distri Cyov From Year5 | 0 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 0 | ExcessDistriCyovToNextYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| HOLY APOSTLES CHURCH | ||||||
| 800 PIPPIN ORCHARD RD | CRANSTON | RI | 02921 | Exempt | GENERAL FUND | $50 |
| READ TO SUCCEED INC | ||||||
| HILLSIDE ROAD | CRANSTON | RI | 02920 | Exempt | GENERAL FUND | $4,000 |
| ST MARY'S | ||||||
| 420 FRUIT HILL AVE | N PROVIDENCE | RI | 02911 | Exempt | GENERAL FUND | $3,900 |
| UNITED WAY | ||||||
| 50 VALLEY ST | PROVIDENCE | RI | 02909 | Exempt | GENERAL FUND | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 8950 | TotGrantOrContriPaidDuringYear |
| Tot Grant Or Contri Approved Future | 0 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $121,439 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $241,176 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 14916 | RelatedOrExemptFunctionIncome |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2,072 | ExclusionAmount |
| Related Or Exempt Function Income | 329032 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | $364,687 | ExclusionAmount |
| Related Or Exempt Function Income | 343948 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 708635 | 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 | N/A | LineNumber |
| Relationship Statement | N/A | RelationshipStatement |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | Category |
| Amount | $5,000 | Amount |
| Net Investment Income | 5000 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Bond | CORP BONDS | NameOfBond |
| EOY Book Value | 1989846 | EOYBookValue |
| EOYFMV | 2052125 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | CORP STOCK | NameOfStock |
| EOY Book Value | 3836574 | EOYBookValue |
| EOYFMV | 5119327 | EOYFMV |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 25075 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 27677 | USGovtSecuritiesEOYFMV |
| State Local Securities EOY Book Val | 102823 | StateLocalSecuritiesEOYBookVal |
| State Local Securities EOYFMV | 100879 | StateLocalSecuritiesEOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (4 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| CASH EQUIVALENTS | AT COST | 227734 | 227734 |
| BOND FUNDS | AT COST | 385591 | 397363 |
| EQUITY FUNDS | AT COST | 1970845 | 2253998 |
| OTHER | AT COST | 768051 | 903018 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PRIOR YEAR ADJUSTMENT | Description |
| Amount | $34,163 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| TELEPHONE | 676 | 0 | 0 | 0 |
| OFFICE EXPENSE | 4419 | 0 | 0 | 0 |
| LEGAL FEES | 405 | 0 | 0 | 0 |
| INSURANCE | 4791 | 0 | 0 | 0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| AT MLP FUND | 14753 | 14753 | 14753 |
| AT MLP FUND | 18 | 18 | 18 |
| AT MLP FUND | 135 | 135 | 135 |
| AT MLP FUND | 10 | 10 | 10 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| MANAGEMENT FEES-CHARLES SCHWAB | $12,596 | 12596 | 0 | 0 |
| AT MLP INVEST INTEREST EXP | $3,211 | 3211 | 0 | 0 |
| AT MLP INVEST OTHER DEDUCTIONS | $19,043 | 19043 | 0 | 0 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | Category |
| Amount | $7,963 | Amount |
| Net Investment Income | 7963 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |