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PATRICK J FRAWLEY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PATRICK J FRAWLEY FOUNDATION INC (EIN 46-4037658)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-10
IRS object ID
202421319349101972
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)
Return2024-05-10T10:43:19-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN823375200PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LARUSSO & MCNEILL LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1550 MAMARONECK AVE SUITE 402AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464037658EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PATRICK J FRAWLEY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATRBusinessNameControlTxt
Phone7183936101PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1132A EAST 65TH STREET 10BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10065ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICK J FRAWLEYPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPATRICK JPersonFirstNm
Person LastFRAWLEYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAY D MCNEILL CPA CFP EAPreparerPersonNm
PTINP00881364PTIN
Phone9146988303PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$2,440,358FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$89,903DividendsRevAndExpnssAmt
Dividends Net Invst Incm$89,903DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$10,278NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$167,080GrossSalesPriceAmt
Total Rev And Expnss$129,625TotalRevAndExpnssAmt
Total Net Invst Incm$89,903TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,000AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$12,393OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,393OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,896TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$16,289TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$14,393TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$130,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$130,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$146,289TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$14,393TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$130,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$16,664ExcessRevenueOverExpensesAmt
Net Investment Income$75,510NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,736CashBOYAmt
Cash EOY$1,742CashEOYAmt
Cash EOYFMV$1,742CashEOYFMVAmt
Sav And Temp Cash Invst BOY$66,403SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$43,020SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$43,020SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,256,964CorporateStockBOYAmt
Corporate Stock EOY$1,170,585CorporateStockEOYAmt
Corporate Stock EOYFMV$1,810,026CorporateStockEOYFMVAmt
Corporate Bonds BOY$504,951CorporateBondsBOYAmt
Corporate Bonds EOY$596,006CorporateBondsEOYAmt
Corporate Bonds EOYFMV$585,570CorporateBondsEOYFMVAmt
Total Assets BOY$1,830,054TotalAssetsBOYAmt
Total Assets EOY$1,811,353TotalAssetsEOYAmt
Total Assets EOYFMV$2,440,358TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,830,054CapitalStockBOYAmt
Capital Stock EOY$1,811,353CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,830,054TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,811,353TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,830,054TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,811,353TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,830,054TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$16,664ExcessRevenueOverExpensesAmt
Subtotal$1,813,390SubtotalAmt
Other Decreases$2,037OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,811,353TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
JANNEY #7293P2023-01-012023-12-31$31,513$31,688-$175-$175
JANNEY #7293P1999-01-012023-12-31$135,567$145,670-$10,103-$10,103
FieldValueIRS element (for citing)
Capital Gain Net Income-$10,278CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$175NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,050InvestmentIncomeExciseTaxAmt
Subtotal$1,050SubtotalAmt
Tax Based On Investment Income$1,050TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,240EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$862ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,102TotalPaymentsAndCreditsAmt
Overpayment$1,052OverpaymentAmt
Applied To ES Tax$1,052AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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 Line1LARUSSO & MCNEILL LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9146988303PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1550 MAMARONECK AVE-SUITE 402AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
PATRICK J FRAWLEY
132A EAST 65TH STREET STE 10BNEW YORKNY10065President1.00$0
GEORGE FRAWLEY
132A EAST 65TH STREET STE 10BNEW YORKNY10065Treasurer1.00$0
ANNE FRAWLEY
132A EAST 65TH STREET STE 10BNEW YORKNY10065Secretary1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,267,224AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$56,451AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,323,675TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,323,675AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$34,855CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,288,820NetVlNoncharitableAssetsAmt
Minimum Investment Return$114,441MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$114,441MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,050TaxBasedOnInvestmentIncomeAmt
Total Tax$1,050TotalTaxAmt
Distributable Before Adj$113,391DistributableBeforeAdjAmt
Distributable Before Ded$113,391DistributableBeforeDedAmt
Distributable As Adjusted$113,391DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$130,000ExpensesAndContributionsAmt
Qualifying Distributions$130,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$113,391DistributableAsAdjustedAmt
Undistributed Income PY$81,162UndistributedIncomePYAmt
Qualifying Distributions$130,000QualifyingDistributionsAmt
Applied To Year1$81,162AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$48,838AppliedToCurrentYearAmt
Undistributed Income CY$64,553UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerPATRICK J FRAWLEYContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE LOTOS FOUNDATION
5 EAST 66TH STREETNEW YORKNY10065NONEPFSUPPORT UNDERSERVED CHILDREN IN APPRECIATION OF THE ARTS$10,000
CATHOLIC CHARITIES OF BROOKLYN QUEE
191 JORALEMON STREETBROOKLYNNY11201NONEPFSOCIAL & HEALTH SERVICES$50,000
THE RAND CORPORATION
1776 MAIN STREETSANTA MONICACA90407NONEPFTO SUPPORT A RESEARCH ORGANIZATION DEVELOPING SOLUTIONS TO PUBLIC POLICY CHALLENGES SUCH AS HEALTH AND SAFETY$50,000
JESUIT REFUGEE SERVICE USA
1627 K STEET NW SUITE 1100WASHINGTONDC20006NONEPFPROVIDE AID TO DISPLACED PERSONS AROUND THE GLOBE$5,000
OUR LADY OF FATIMA CHURCH
25-02 80TH STJACKSON HEIGHTSNY11370NONEPFSUPPORTING COMMUNITY-BASED SERVICES FOR CHILDREN AND FAMILIES$10,000
GREATER NY
5 HANOVER SQUARE 9TH FLNEW YORKNY10004NONEPFSUPPORT TO STRENGTHEN ORGANIZATIONS SERVING NEW YORK'S NEEDIEST COMMUNITIES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$130,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$89,903ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$10,278RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$89,903ExclusionAmt
Related Or Exempt Function Incm-$10,278RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$79,625TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonPATRICK J FRAWLEYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1132A EAST 65TH STREET STE 10BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10065ZIPCd
FieldValueIRS element (for citing)
Total Contributions$50,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLARUSSO & MCNEILLCategoryTxt
Amt$2,000Amt
Net Investment Income$2,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryJANNEY-INVESTMENT ADV FEESCategoryTxt
Amt$12,393Amt
Net Investment Income$12,393NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$1,313
FOREIGN TAX PAID$333
NYS FILING FEE$250

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