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JOHN AND LAURA BRODERICK FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
JOHN AND LAURA BRODERICK FAMILY FOUNDATION (EIN 87-2444953)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-13
IRS object ID
202421659349101502
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)
Return2024-06-13T21:23:18-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872444953EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1John and Laura Broderick Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JOHN BRODERICKInCareOfNm
Business Name ControlJOHNBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN BRODERICKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-06-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHNPersonFirstNm
Person LastBRODERICKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
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$3,733,180FMVAssetsEOYAmt
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
Interest On Sav Rev And Expnss$2,501InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,501InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$28,614DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,614DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$94,920NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$137,115GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$131,760CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss-$63,805TotalRevAndExpnssAmt
Total Net Invst Incm$162,875TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$2,975TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$17,588OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$17,588OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$20,563TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$17,588TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$266,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$266,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$287,063TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$284,088TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$350,868ExcessRevenueOverExpensesAmt
Net Investment Income$162,875NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$126,381SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$7,548SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,548SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$4,133,865CorporateStockBOYAmt
Corporate Stock EOY$3,901,830CorporateStockEOYAmt
Corporate Stock EOYFMV$3,725,632CorporateStockEOYFMVAmt
Total Assets BOY$4,260,246TotalAssetsBOYAmt
Total Assets EOY$3,909,378TotalAssetsEOYAmt
Total Assets EOYFMV$3,733,180TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,260,246RetainedEarningBOYAmt
Retained Earning EOY$3,909,378RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,260,246TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,909,378TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,260,246TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,909,378TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,260,246TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$350,868ExcessRevenueOverExpensesAmt
Subtotal$3,909,378SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,909,378TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$137,115GrossSalesPriceAmt
Cost Or Other Basis$5,355CostOrOtherBasisAmt
Gain Or Loss$131,760GainOrLossAmt
Gains Minus Excess Or Losses$131,760GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$131,760CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,264InvestmentIncomeExciseTaxAmt
Subtotal$2,264SubtotalAmt
Tax Based On Investment Income$2,264TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,300EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$2,300TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$36OverpaymentAmt
Applied To ES Tax$36AppliedToESTaxAmt

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
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JOHN BRODERICKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line142 Hedge Row LaneAddressLine1Txt
CityEast HamptonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11937ZIPCd
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
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
John Broderick
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Pres1.0$0$0$0
Laura Drumm
Foundation Source 501 Silverside RdWilmingtonDE198091377Sec, Treas1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,391,292AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$73,315AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,464,607TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,464,607AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$51,969CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,412,638NetVlNoncharitableAssetsAmt
Minimum Investment Return$170,632MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$170,632MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,264TaxBasedOnInvestmentIncomeAmt
Total Tax$2,264TotalTaxAmt
Distributable Before Adj$168,368DistributableBeforeAdjAmt
Distributable Before Ded$168,368DistributableBeforeDedAmt
Distributable As Adjusted$168,368DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$284,088ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$284,088QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$168,368DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr1$119,852ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$119,852TotalExcessDistributionCyovAmt
Qualifying Distributions$284,088QualifyingDistributionsAmt
Applied To Current Year$168,368AppliedToCurrentYearAmt
Remaining Distri From Corpus$115,720RemainingDistriFromCorpusAmt
Total Corpus$235,572TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$235,572ExcessDistriCyovToNextYrAmt
Excess From Year1$119,852ExcessFromYear1Amt
Excess From Current Year$115,720ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJohn BroderickContributingManagerNm
Contributing ManagerLaura DrummContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BREAKTHROUGH NEW YORK INC
39 BROADWAY RM 820NEW YORKNY10006N/APCGeneral & Unrestricted$115,000
BROOKLYN BRIDGE PARK CONSERVANCY INC
334 FURMAN STBROOKLYNNY11201N/APCGeneral & Unrestricted$10,000
BROOKLYN KINDERGARTEN SOCIETY
25 CHAPEL ST STE 900BROOKLYNNY11201N/APCGeneral & Unrestricted$15,000
CHILDREN OF FALLEN PATRIOTS FOUNDATION
1818 LIBRARY ST STE 500RESTONVA20190N/APCGeneral & Unrestricted$50,000
FRIENDS OF GRACE CHURCH SCHOOL BROOKLYN HEIGHTS IN
254 HICKS STBROOKLYNNY11201N/ASO IGeneral & Unrestricted$13,000
ST IGNATIUS SCHOOL
740 MANIDA STBRONXNY10474N/APCGeneral & Unrestricted$2,000
STANFORD UNIVERSITY
434 GALVEZ MALLSTANFORDCA94305N/APCGeneral & Unrestricted$50,000
TANZANIAN CHILDRENS FUND INC
2 GARDEN STCAMBRIDGEMA02138N/APCGeneral & Unrestricted$5,000
THE BRIGHAM & WOMENS HOSPITAL INC
263 HUNTINGTON AVE 318BOSTONMA02115N/APCGeneral & Unrestricted$1,000
TRUSTEES OF PRINCETON UNIVERSITY
100 OVERLOOK CENTER STE 300PRINCETONNJ08540N/APCAnnual Giving Fund & James Madison Program$5,000
World Without Exploitation - Tides Center
PO BOX 889385LOS ANGELESCA90088N/APCWorld Without Exploitation Fund$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$266,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,501ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$28,614ExclusionAmt
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-$94,920ExclusionAmt
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-$63,805ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$63,805TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CVS CAREMARK CORP$44,958$39,480
GAMESTOP CORP$386,725$175,300
INVESCO QQQ TRUST$572,998$819,040
META PLATFORMS INC$479,292$849,504
NOODLES AND CO CL A$206,600$63,000
PAYPAL HOLDINGS, INC$291,494$153,525
QURATE RETAIL INC QVC GROUP$103,983$21,888
SBA COMMUNICATIONS CORP$1,010,159$761,070
SEAGATE TECHNOLOGY HOLDINGS PL$106,080$85,370
SLEEP NUMBER$134,011$44,490
SPDR S&P 500 ETF TRUST$565,530$712,965

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$17,563$17,563
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2023$2,300
990-PF Excise Tax for 2022$675

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