BRUNETTI FAMILY CHARITABLE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BRUNETTI FAMILY CHARITABLE FOUNDATION (EIN 47-1950794)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-08
IRS object ID
202420999349100802
Schema version
2023v5.0
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)
Return2024-04-08T16:08:22-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12929 Allen Parkway 20th FloorAddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770197100ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471950794EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Brunetti Family Charitable FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% WAYNE BRUNETTIInCareOfNm
Business Name ControlBRUNBusinessNameControlTxt
Phone9703894608PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12121 Kirby Drive Box 37 10NAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77019ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWayne BrunettiPersonNm
Person TitlePresidentPersonTitleTxt
Phone9703894608PhoneNum
Signature2024-03-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWaynePersonFirstNm
Person LastBrunettiPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRebecca FielerPreparerPersonNm
PTINP01353445PTIN
Phone7139601706PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,117,257FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$82,389DividendsRevAndExpnssAmt
Dividends Net Invst Incm$82,389DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$28,991NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$197,358GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$53,398TotalRevAndExpnssAmt
Total Net Invst Incm$82,389TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,540AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$2,540AccountingFeesChrtblPrpsAmt
Tot Opr Expenses Rev And Expnss$2,540TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,540TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$101,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$101,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$104,040TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$104,040TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$50,642ExcessRevenueOverExpensesAmt
Net Investment Income$82,389NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$15,264CashBOYAmt
Cash EOY$37,363CashEOYAmt
Cash EOYFMV$37,363CashEOYFMVAmt
Sav And Temp Cash Invst BOY$10,862SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$39,324SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$39,324SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,462,556CorporateStockBOYAmt
Corporate Stock EOY$2,040,570CorporateStockEOYAmt
Corporate Stock EOYFMV$2,040,570CorporateStockEOYFMVAmt
Total Assets BOY$2,488,682TotalAssetsBOYAmt
Total Assets EOY$2,117,257TotalAssetsEOYAmt
Total Assets EOYFMV$2,117,257TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,488,682RetainedEarningBOYAmt
Retained Earning EOY$2,117,257RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,488,682TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,117,257TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,488,682TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,117,257TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,488,682TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$50,642ExcessRevenueOverExpensesAmt
Other Increases-$320,783OtherIncreasesAmt
Subtotal$2,117,257SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,117,257TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyTD AMERITRADEPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$197,358GrossSalesPriceAmt
Cost Or Other Basis$226,349CostOrOtherBasisAmt
Gain Or Loss-$28,991GainOrLossAmt
Gains Minus Excess Or Losses-$28,991GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$28,991CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,145InvestmentIncomeExciseTaxAmt
Subtotal$1,145SubtotalAmt
Tax Based On Investment Income$1,145TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,504EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$2,504TotalPaymentsAndCreditsAmt
Overpayment$1,359OverpaymentAmt
Applied To ES Tax$1,359AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1WAYNE BRUNETTIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9703894608PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12121 KIRBY DRIVE BOX 37 10NAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77019ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Wayne Brunetti
2121 Kirby Drive Box 37 10NHoustonTX77019President0$0$0$0
Mary Brunetti
2121 Kirby Drive Box 37 10NHoustonTX77019Vice President0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,190,814AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$57,678AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,248,492TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,248,492AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$33,727CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,214,765NetVlNoncharitableAssetsAmt
Minimum Investment Return$110,738MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$110,738MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,145TaxBasedOnInvestmentIncomeAmt
Total Tax$1,145TotalTaxAmt
Distributable Before Adj$109,593DistributableBeforeAdjAmt
Distributable Before Ded$109,593DistributableBeforeDedAmt
Distributable As Adjusted$109,593DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$104,040ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$104,040QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$109,593DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr3$1,095ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$6,017ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$7,112TotalExcessDistributionCyovAmt
Qualifying Distributions$104,040QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$104,040AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$5,553ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$5,553ExcessDistributionCyovAppCYAmt
Total Corpus$1,559TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,559ExcessDistriCyovToNextYrAmt
Excess From Year1$1,559ExcessFromYear1Amt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWAYNE BRUNETTIContributingManagerNm
Contributing ManagerMARY BRUNETTIContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
HOUSTON GRAND OPERA
510 PRESTON STREETHOUSTONTX770020174GENERAL SUPPORT$15,000
PHI GAMMA DELTA EDUCATIONAL FOUNDATION
PO BOX 4599LEXINGTONKY40544GENERAL SUPPORT$5,000
MERCURY CHAMBER ORCHESTRA
3100 TIMMONS LNHOUSTONTX770275966GENERAL SUPPORT$15,000SUITE 201
Summit Charter School Foundation Inc
PO BOX 2493CASHIERSNC28717GENERAL SUPPORT$5,000
THE FUND FOR BISHOP KENNY HIGH SCHOOL
1055 KINGMAN AVEJACKSONVILLEFL32207GENERAL SUPPORT$5,000
THE SUMMIT FOUNDATION
PO BOX 4000BRECKENRIDGECO80424GENERAL SUPPORT$1,000
HOUSTON FOOD BANK
535 PORTWALL STREETHOUSTONTX77029GENERAL SUPPORT$2,500
CHRISTIANS RIDE (LARRY HICKS)
PO BOX 26830SILVERTHORNECO80497GENERAL SUPPORT$1,000
BOOKS BETWEEN KIDS
PO BOX 25072HOUSTONTX77265GENERAL SUPPORT$2,000
HOUSTON AREA WOMENS CENTER
1010 Waugh DrHoustonTX77019GENERAL SUPPORT$10,000
LONE STAR FLIGHT MUSEUM
11551 AEROSPACE AVENUEHOUSTONTX77034GENERAL SUPPORT$5,000
THE METHODIST HOSPITAL FOUNDATION
PO BOX 4384HOUSTONTX772104384GENERAL SUPPORT$25,000
HOUSTON COALITION FOR THE HOMELESS
2000 CRAWFORD ST SUITE 700HOUSTONTX77002GENERAL SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$101,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$82,389ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$28,991ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$53,398ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$53,398TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREP FEESCategoryTxt
Amt$2,540Amt
Disbursements Charitable Prps$2,540DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAMERITRADEStockNm
EOY Book Value$2,040,570EOYBookValueAmt
EOYFMV$2,040,570EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescEnable Midstream PartnersDesc

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescACCUMULATED UNREALIZED GAIN/LOSSDesc
Amt-$320,783Amt

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