GARIPPA FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GARIPPA FOUNDATION INC (EIN 01-0846118)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-09-23
IRS object ID
202402679349100605
Schema version
2023v5.1
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)
Return2024-09-23T07:47:23-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222747750PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Angelo & Pacilli PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1340 North Avenue EastAddressLine1Txt
CityCranfordCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07016ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010846118EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GARIPPA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGARIBusinessNameControlTxt
Phone2396497710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1925 ADMIRALTY PARADEAddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN GARIPPAPersonNm
Person TitleDirectorPersonTitleTxt
Signature2024-09-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAlfred Angelo CPAPreparerPersonNm
PTINP00788207PTIN
Phone9082768300PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,053,803FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$104,459ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$9,368InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9,368InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$7,255DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,255DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$22,835NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$148,222CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$143,917TotalRevAndExpnssAmt
Total Net Invst Incm$164,845TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$9,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$4,500CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$4,500CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,177AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,177AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$42,040OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,785OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$39,255OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$53,217TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,462TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$43,755TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,717TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,462TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,255TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$78,200ExcessRevenueOverExpensesAmt
Net Investment Income$155,383NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$41,020CashBOYAmt
Cash EOY$44,834CashEOYAmt
Cash EOYFMV$44,834CashEOYFMVAmt
Sav And Temp Cash Invst BOY$62,900SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$360,936SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$361,062SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$655,111CorporateStockBOYAmt
Corporate Stock EOY$431,461CorporateStockEOYAmt
Corporate Stock EOYFMV$647,907CorporateStockEOYFMVAmt
Total Assets BOY$759,031TotalAssetsBOYAmt
Total Assets EOY$837,231TotalAssetsEOYAmt
Total Assets EOYFMV$1,053,803TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$759,031CapitalStockBOYAmt
Capital Stock EOY$837,231CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$759,031TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$837,231TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$759,031TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$837,231TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$759,031TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$78,200ExcessRevenueOverExpensesAmt
Subtotal$837,231SubtotalAmt
Tot Net Ast Or Fund Balances EOY$837,231TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$148,222CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,160InvestmentIncomeExciseTaxAmt
Subtotal$2,160SubtotalAmt
Tax Based On Investment Income$2,160TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$130EsPenaltyAmt
Tax Due$2,290TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.GARIPPAFOUNDATION.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JOHN GARIPPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2396497710PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1925 ADMIRALTY PARADEAddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP341027872ZIPCd
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
JOHN GARIPPA
925 ADMIRALTY PARADENAPLESFL341027872Director1.00$0
LINDA GARIPPA
925 ADMIRALTY PARADENAPLESFL341027872Director1.00$0
JOHN S GARIPPA
8157 MADISON LAKE CIRCLE SOUTHDAVIEFL33328Director6.00$9,000
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$666,603AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$279,859AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$946,462TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$946,462AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,197CashDeemedCharitableAmt
Net Vl Noncharitable Assets$932,265NetVlNoncharitableAssetsAmt
Minimum Investment Return$46,613MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$46,613MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,160TaxBasedOnInvestmentIncomeAmt
Total Tax$2,160TotalTaxAmt
Distributable Before Adj$44,453DistributableBeforeAdjAmt
Distributable Before Ded$44,453DistributableBeforeDedAmt
Distributable As Adjusted$44,453DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,255ExpensesAndContributionsAmt
Qualifying Distributions$56,255QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$44,453DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$8,497ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$957,717ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$11,301ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$977,515TotalExcessDistributionCyovAmt
Qualifying Distributions$56,255QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$44,453AppliedToCurrentYearAmt
Remaining Distri From Corpus$11,802RemainingDistriFromCorpusAmt
Total Corpus$989,317TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$989,317ExcessDistriCyovToNextYrAmt
Excess From Year4$8,497ExcessFromYear4Amt
Excess From Year2$957,717ExcessFromYear2Amt
Excess From Year1$11,301ExcessFromYear1Amt
Excess From Current Year$11,802ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOHN GARIPPAContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE GARIPPA FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1925 ADMIRALTY PARADEAddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34106ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2396497710RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission Deadlines12/31SubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DOWNTOWN HARBOR CHURCH
401 SW 2ND STREETFORT LAUDERDALEFL33312NONEPCCHARITABLE CONTRIBUTION.$10,000
KINGDOM FM 915
WJYO PO BOX 61721FORT MYERSFL33906NONENCCHARITABLE CONTRIBUTION.$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,368RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,255RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,835RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$39,458RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$39,458TotalIncomeProducingActyAmt

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 (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
RALPH STAYER
12100 GORDON DRIVENAPLESFL34102$25,000Yes (X)
JOHN GARIPPA
2925 ADMIRALTY PARADENAPLESFL34102$50,844Yes (X)
FERRARI FAMILY FOUNDATION
31066 VAUGHN CREST DRIVEFRANKLINTN37069$13,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor2ContributorNum
Noncash PropertyPublically Traded Securities.NoncashPropertyDesc
Fair Market Value$50,844FairMarketValueAmt
Received2023-11-09ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAngelo & Pacilli PACategoryTxt
Amt$2,177Amt
Net Investment Income$2,177NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSchedule Available Upon RequestStockNm
EOY Book Value$431,461EOYBookValueAmt
EOYFMV$647,907EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Advertising$25,542$25,542
Bank Charges$24$24
Computer Expenses - Web Site$1,405$1,405
Editing - Radio$10,592$10,592
Investment Advisory Fees$916$916
Office Expenses$129$129
Rental Expenses$3,432$1,716$1,716

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
JOHN GARIPPA
925 ADMIRALTY PARADENAPLESFL34102
RALPH STAYER
2100 GORDON DRIVENAPLESFL34102
FERRARI FAMILY FOUNDATION
1066 VAUGHN CREST DRIVEFRANKLINTN37069

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.