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PETRO FAMILY FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
PETRO FAMILY FOUNDATION INC (EIN 52-2373545)
Tax period
2010-07-01 to 2011-06-30
Filed
2011-11-11
IRS object ID
201143159349100719
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-11-11T13:39:12-06:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SINES BLAKESLEE MADYDA CPA PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1800 S DILLARD STAddressLine1
CityWINTER GARDENCity
StateFLState
ZIP Code34787ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN522373545EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1PETRO FAMILY FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPETRNameControl
Phone4076540155Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1630 KISSIMMEE AVENUEAddressLine1
CityOCOEECity
StateFLState
ZIP Code347612742ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDANNIEL J PETROName
TitlePRESIDENTTitle
Phone4076540155Phone
Date Signed2011-11-11DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameDEREK J BLAKESLEEName
Phone4076566611Phone
Date Prepared2011-11-11DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY83602FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss29975ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss72InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm72InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss3044DividendsRevAndExpnss
Dividends Net Invst Incm3044DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss486NetGainSaleAssetsRevAndExpnss
Gross Sales Price30461GrossSalesPrice
Capital Gain Net Incm Net Invst Incm486CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses33577TotalRevenueAndExpenses
Total Net Investment Income3602TotalNetInvestmentIncome
Accounting Fees Rev And Expnss750AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm375AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps375AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss162OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm100OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps62OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss912TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm475TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps437TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss49950ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps49950ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss50862TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm475TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps50387TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-17285ExcessOfRevenueOverExpenses
Net Investment Income3127NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY68221SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY16393SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV16393SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY26057InvestmentsCorpStockBOY
Investments Corp Stock EOY60600InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV67209InvestmentsCorpStockEOYFMV
Total Assets BOY94278TotalAssetsBOY
Total Assets EOY76993TotalAssetsEOY
Total Assets EOYFMV83602TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY94278CapitalStockBOY
Capital Stock EOY76993CapitalStockEOY
Total Net Assets BOY94278TotalNetAssetsBOY
Total Net Assets EOY76993TotalNetAssetsEOY
Total Liabilities Net Assets BOY94278TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY76993TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY94278TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-17285ExcessOfRevenueOverExpenses
Subtotal76993Subtotal
Total Net Assets Fund Balances EOY76993TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetOPPENHEIMERDescriptionOfAsset
How AcquiredDHowAcquired
Date Acquired2010-12-01DateAcquired
Date Sold2010-12-07DateSold
Gross Sales Price30461GrossSalesPrice
Cost Or Other Basis29975CostOrOtherBasis
Gain Or Loss486GainOrLoss
Gains Minus Excess Or Losses486GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income486CapitalGainNetIncome
Net Short Term Capital Gain Or Loss486NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year146205QualifyingDistributionsYear1
Noncharitable Assets Year1111031NoncharitableAssetsYear1
Distribution Ratio Year10.416145DistributionRatioYear1
Qualifying Distributions Year230929QualifyingDistributionsYear2
Noncharitable Assets Year2121683NoncharitableAssetsYear2
Distribution Ratio Year20.254177DistributionRatioYear2
Qualifying Distributions Year324350QualifyingDistributionsYear3
Noncharitable Assets Year3134232NoncharitableAssetsYear3
Distribution Ratio Year30.181402DistributionRatioYear3
Qualifying Distributions Year447600QualifyingDistributionsYear4
Noncharitable Assets Year4139472NoncharitableAssetsYear4
Distribution Ratio Year40.341287DistributionRatioYear4
Qualifying Distributions Year519000QualifyingDistributionsYear5
Noncharitable Assets Year5162064NoncharitableAssetsYear5
Distribution Ratio Year50.117238DistributionRatioYear5
Total Distribution Ratio1.310249TotalDistributionRatio
Average Distribution Ratio0.262050AverageDistributionRatio
Net Noncharitable Assets0NetNoncharitableAssets
One Percent Net Investment Income31OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One31AdjNonchrtblAssetsAndOnePct
Qualifying Distributions50387QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax31InvestmentIncomeExciseTax
Subtotal31Subtotal
Tax Based On Investment Income31TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment162EstTaxPaymentsAndOverpayment
Total Credits And Payments162TotalCreditsAndPayments
Overpayment131Overpayment
Amount Credited To Next Year131AmountCreditedToNextYear

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 EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithFLStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameDAN PETROBooksInCareOfPersonName
Books In Care Of Phone Number4079054859BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1630 KISSIMMEE AVENUEAddressLine1
CityOCOEECity
StateFLState
ZIP Code34761ZIPCode

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
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
DANNIEL J PETRO
630 KISSIMMEE AVEOCOEEFL34761PRESIDENT2.00000
TONIA BATCHELOR
26994 MCLAUGHLIN BLVDBONITA SPRINGSFL34134DIRECTOR1.00000
NATALIE WALLACE
1131 KENWORTH CIRCLEAPOPKAFL32712DIRECTOR1.00000
TOMMY PETRO
301 S ULYSSES DRIVEAPOPKAFL32703DIRECTOR1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets0TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets0AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable0CashDeemedCharitable
Net Noncharitable Assets0NetNoncharitableAssets
Minimum Investment Return0MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Tax Based On Investment Income31TaxBasedOnInvestmentIncome
Total Tax31TotalTax
Distributable Amount As Adjusted0DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions50387ExpensesAndContributions
Qualifying Distributions50387QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm31OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions50356AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted0DistributableAmountAsAdjusted
Excess Distri Carryover Year511000ExcessDistriCarryoverYear5
Excess Distri Carryover Year440711ExcessDistriCarryoverYear4
Excess Distri Carryover Year317788ExcessDistriCarryoverYear3
Excess Distri Carryover Year224909ExcessDistriCarryoverYear2
Excess Distri Carryover Year140665ExcessDistriCarryoverYear1
Total Excess Distri Carryover135073TotalExcessDistriCarryover
Qualifying Distributions50387QualifyingDistributions
Remaining Distri From Corpus50387RemainingDistriFromCorpus
Total Corpus185460TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year511000ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year174460ExcessDistriCyovToNextYear
Excess From Year440711ExcessFromYear4
Excess From Year317788ExcessFromYear3
Excess From Year224909ExcessFromYear2
Excess From Year140665ExcessFromYear1
Excess From Current Year50387ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (12 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
BOYS & GIRLS CLUB OF CENT
PO BOX 2987ORLANDOFL32802NONE509(A)(1)OPERATIONS$24,250
OAKLAND NATURE PRESERVE
PO BOX 841OAKLANDFL34760NONE509(A)(1)OPERATIONS$500
HEALTH CENTRAL FOUNDATION
10000 W COLONIAL DRIVEOCOEEFL34761NONE509(A)(3)CARDIAC CENTER$7,500
EDGEWOOD CHILDRENS RANCH
1451EDGEWOOD RANCH ROADORLANDOFL32835NONE509(A)(1)OPERATIONS$2,350
CF COUNCIL BSA
1951 S ORANGE BLOSSOM TRAPOPKAFL32703NONE509(A)(1)OPERATIONS$500
NATIONAL MULTIPLE SCLEROS
2701 MAITLAND CRTORLANDOFL32751NONE509(A)(1)OPERATIONS$250
NATIONAL PARK FOUNDATION
1201 EYE STREETWASHINGTONDC20005NONE509(A)(1)FLIGHT 93 MEMORIAL$500
AMERICAN DIABETES ASSN
1101 N LAKE DESTINY RDMAITLANDFL32751NONE509(A)(1)OPERATIONS$100
LEUKEMIA & LYMPHOMA SOC
3314 MAGUIRE BLVDORLANDOFL32803NONE509(A)(1)OPERATIONS$200
DR PHILLIPS CENTER FOR PA
455 S ORANGE AVEORLANDOFL32801NONE509(A)(1)BUILDING CAMPAIGN$10,000
CAMARADERIE FND
PO BOX 547276ORLANDOFL32854NONE509(A)(1)OPERATIONS$1,800
BREAD OF LIFE
532 N BLUFORDOCOEEFL34761NONE509(A)(1)OPERATIONS$2,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year49950TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$72ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$3,044ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$486ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$3,602ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA3602TotalPartXVIA

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 Number1ContributorNumber
Contributor Name IndividualDAN PETROContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1630 KISSIMMEE AVENUEAddressLine1
CityOCOEECity
StateFLState
ZIP Code34761ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions29975AggregateContributions
Noncash Contribution TypeXNoncashContributionType

Noncash Property NoncashProperty

FieldValueIRS element (for citing)
Contributor Number From Part I1ContributorNumberFromPartI
Noncash Property Description559 SHARES OPPENHEIMER GOLD FUNDNoncashPropertyDescription
Fair Market Value29975FairMarketValue
Date Received2010-12-01DateReceived

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
Category990PF PREPARATIONCategory
Amount$750Amount
Net Investment Income375NetInvestmentIncome
Disbursements Charitable Prps375DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (4 entries)

DANNIEL J PETRO
TONIA BATCHELOR
NATALIE WALLACE
TOMMY PETRO

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (6 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
ALTRIA51006338
GE801712353
GOOGLE43603545
MCDONALDS52436746
OCC PETE33375202
PIMCO TOTAL RETURN FUND3454333025

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
EXPENSES
BANK FEES100100
ANNUAL REPORT6262