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FIATO FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FIATO FAMILY FOUNDATION (EIN 77-0466636)
Tax period
2021-07-01 to 2022-06-30
Filed
2022-09-15
IRS object ID
202202589349101010
Schema version
2021v4.0
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)
Return2022-09-15T16:09:35-04:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN823783607PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALLIED TAX PLANNERSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17300 JOHNSTON ROAD SUITE BAddressLine1Txt
CityPLEASANTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94588ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770466636EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FIATO FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIATBusinessNameControlTxt
Phone4084019191PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12616 BLACK HAWK LANEAddressLine1Txt
CityLINCOLNCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95648ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL FIATOPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2022-09-05SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastFIATOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRADLEY L HAUPT EAPreparerPersonNm
PTINP00563075PTIN
Phone5108862937PhoneNum
Preparation2022-09-05PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$296,938FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$23,389DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,389DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$758NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$758GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$758CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$24,147TotalRevAndExpnssAmt
Total Net Invst Incm$24,147TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$5,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$5,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,350AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,482OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,482OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$2,482OtherProfFeesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$9,832TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,482TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,482TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$15,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$15,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$24,832TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,482TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,482TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$20,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$685ExcessRevenueOverExpensesAmt
Net Investment Income$21,665NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$43,339SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$48,690SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$48,690SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$375,866CorporateStockBOYAmt
Corporate Stock EOY$248,248CorporateStockEOYAmt
Corporate Stock EOYFMV$248,248CorporateStockEOYFMVAmt
Total Assets BOY$419,205TotalAssetsBOYAmt
Total Assets EOY$296,938TotalAssetsEOYAmt
Total Assets EOYFMV$296,938TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$419,205NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$296,938NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$419,205TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$296,938TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$419,205TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$296,938TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$419,205TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$685ExcessRevenueOverExpensesAmt
Subtotal$418,520SubtotalAmt
Other Decreases$121,582OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$296,938TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$758CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$301InvestmentIncomeExciseTaxAmt
Subtotal$301SubtotalAmt
Tax Based On Investment Income$301TaxBasedOnInvestmentIncomeAmt
Tax Due$301TaxDueAmt

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 StateCAOrgReportOrRegisterStateCd
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 AddressNONEWebsiteAddressTxt
Individual With BooksMICHAEL FIATOIndividualWithBooksNm
Phone4084019191PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1478 W HAMILTON AVEAddressLine1Txt
CityCAMPBELLCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95008ZIPCd
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
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12019UndistributedIncomePY1Yr
Undistributed Income PY22018UndistributedIncomePY2Yr
Undistributed Income PY32017UndistributedIncomePY3Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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

FieldValueIRS element (for citing)
PersonMICHAEL FIATOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1478 W HAMILTON AVEAddressLine1Txt
CityCAMPBELLCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95008ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$5,000CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION CONTINUES TO SUPPORT THE ROMAN CATHOLIC CHURCH AND IT VARIOUS HUMANITARIAN PROGRAMS.Description1Txt
Expenses1$5,000Expenses1Amt
Description2THIS YEAR THE FOUNDATION ALSO CONTRIBUTED TO THE WOUNDED WARRIORS AND TUNNEL OF TOWERS FOUNDATION.Description2Txt
Expenses2$10,000Expenses2Amt

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$332,452AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$65,730AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$398,182TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$398,182AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,973CashDeemedCharitableAmt
Net Vl Noncharitable Assets$392,209NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,610MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,610MinimumInvestmentReturnAmt
Tax Based On Investment Income$301TaxBasedOnInvestmentIncomeAmt
Total Tax$301TotalTaxAmt
Distributable Before Adj$19,309DistributableBeforeAdjAmt
Distributable Before Ded$19,309DistributableBeforeDedAmt
Distributable As Adjusted$19,309DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,000ExpensesAndContributionsAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,309DistributableAsAdjustedAmt
Undistributed Income PY$18,789UndistributedIncomePYAmt
Prior Year12015PriorYear1Yr
Prior Year22014PriorYear2Yr
Prior Year32013PriorYear3Yr
Total For Prior Years$36,595TotalForPriorYearsAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt
Applied To Year1$18,789AppliedToYear1Amt
Applied To Current Year$1,211AppliedToCurrentYearAmt
Prior Year Undistributed Incm$36,595PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$36,595PriorYearDeficiencyOrTaxAmt
Undistributed Income CY$18,098UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ROMAN CATHOLIC CHURCH
1576 CURTNER AVESAN JOSECA95125NONEEXEMPTRELIGIOUS$5,000
WOUNDED WARRIORS
PO BOX 758516TOPEKAKS66675NONEEXEMPTHUMANITARIAN$5,000
TUNNEL TO TOWERS
2361 HYLAN BOULEVARDSTATEN ISLANDNY10306NONEEXEMPTHUMANITARIAN$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$15,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,389ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$758ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$24,147ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,147TotalIncomeProducingActyAmt

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 & ACCOUNTING SERVICESCategoryTxt
Amt$2,350Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CHARLES SCHWAB-1040$79,355$79,355
FIDELITY FUNDS$45,235$45,235
TD AMERITRADE (RABBI TRUST)$123,658$123,658

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
FEDERAL TAXES$2,259
ASSET FLUCTUATIONS$119,323

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEES-TDCategoryTxt
Amt$2,482Amt
Net Investment Income$2,482NetInvestmentIncomeAmt
Adjusted Net Income$2,482AdjustedNetIncomeAmt

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