SALEM FIVE CHARITABLE FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SALEM FIVE CHARITABLE FOUNDATION INC (EIN 04-3342405)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-09
- IRS object ID
- 202501299349101045
- Schema version
- 2024v5.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-09T09:46:47-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wolf & Company PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 255 State Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043342405 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Salem Five Charitable Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % WILLIAM SMITH | InCareOfNm |
| Business Name Control | SALE | BusinessNameControlTxt |
| Phone | 9787455555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Essex Street | AddressLine1Txt |
| City | Salem | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01970 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Brian W Shaughnessy | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 9787455555 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Karen Ng EA | PreparerPersonNm |
| PTIN | P01067482 | PTIN |
| Phone | 6174399700 | PhoneNum |
| Preparation | 2025-05-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $21,336,109 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $72,100 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $39,660 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $39,660 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $0 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $351,287 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $347,873 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $0 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $938,205 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,711,018 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,135,981 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,401,252 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,523,514 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $2,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $2,100 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $100,239 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $100,239 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $43,223 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $904 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $512 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $146,466 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $100,239 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,612 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $974,342 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $974,342 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,120,808 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $100,239 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $976,954 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $280,444 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,423,275 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $130,862 | CashBOYAmt |
| Cash EOY | $72,394 | CashEOYAmt |
| Cash EOYFMV | $72,394 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $505,719 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,006,113 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,006,113 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $14,311,003 | CorporateStockBOYAmt |
| Corporate Stock EOY | $14,140,195 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $20,211,281 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $36,995 | OtherAssetsBOYAmt |
| Other Assets EOY | $46,321 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $46,321 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,984,579 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,265,023 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,336,109 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $14,984,579 | RetainedEarningBOYAmt |
| Retained Earning EOY | $15,265,023 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,984,579 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,265,023 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,984,579 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,265,023 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,984,579 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $280,444 | ExcessRevenueOverExpensesAmt |
| Subtotal | $15,265,023 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $15,265,023 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (49 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| ADVANCED MICRO DEVICES INC | P | 2020-10-21 | 2020-10-21 | $137,353 | $68,294 | $69,059 | $69,059 |
| APPLE INC | D | 2019-10-28 | 2024-01-23 | $79,578 | $7,926 | $71,652 | $71,652 |
| APPLE INC | D | 2019-10-28 | 2024-01-23 | $40,074 | $3,991 | $36,083 | $36,083 |
| DIAGEO PLC | P | 2013-09-01 | 2024-01-23 | $4,849 | $4,111 | $738 | $738 |
| DIAGEO PLC | P | 2016-01-29 | 2024-01-23 | $5,542 | $4,309 | $1,233 | $1,233 |
| DIAGEO PLC | P | 2013-09-30 | 2024-01-23 | $6,927 | $6,128 | $799 | $799 |
| DIAGEO PLC | P | 2014-02-27 | 2024-01-23 | $6,927 | $6,049 | $878 | $878 |
| DIAGEO PLC | D | 2012-12-11 | 2024-01-23 | $2,771 | $1,029 | $1,742 | $1,742 |
| DIAGEO PLC | P | 2017-07-31 | 2024-01-23 | $6,927 | $6,014 | $913 | $913 |
| DIAGEO PLC | P | 2017-12-26 | 2024-01-23 | $27,710 | $28,563 | -$853 | -$853 |
| DIAGEO PLC | P | 2019-11-04 | 2024-01-23 | $17,319 | $20,440 | -$3,121 | -$3,121 |
| DIAGEO PLC | P | 2020-12-08 | 2024-01-23 | $47,107 | $53,512 | -$6,405 | -$6,405 |
| DIAGEO PLC | P | 2023-09-28 | 2024-01-23 | $55,558 | $60,800 | -$5,242 | -$5,242 |
| EBAY INCORPORATED | P | 2019-11-04 | 2024-01-23 | $19,377 | $16,739 | $2,638 | $2,638 |
| EBAY INCORPORATED | P | 2020-12-08 | 2020-12-08 | $81,589 | $99,269 | -$17,680 | -$17,680 |
| MICROSOFT CORP | P | 2019-08-23 | 2019-08-23 | $138,597 | $48,818 | $89,779 | $89,779 |
| NVIDIA CORPORATION | D | 2023-09-22 | 2023-09-22 | $130,908 | $50,566 | $80,342 | $80,342 |
| NVIDIA CORPORATION | D | 2023-09-22 | 2024-02-22 | $114,545 | $37,756 | $76,789 | $76,789 |
| DISNEY WALT | P | 2017-02-07 | 2024-06-18 | $15,204 | $16,701 | -$1,497 | -$1,497 |
| DISNEY WALT | P | 2017-02-07 | 2024-06-18 | $30,408 | $33,394 | -$2,986 | -$2,986 |
| DISNEY WALT | P | 2017-07-31 | 2024-06-18 | $17,738 | $18,671 | -$933 | -$933 |
| DISNEY WALT | P | 2017-12-26 | 2024-06-18 | $60,817 | $65,555 | -$4,738 | -$4,738 |
| DISNEY WALT | P | 2019-11-04 | 2024-06-18 | $50,681 | $64,630 | -$13,949 | -$13,949 |
| DISNEY WALT | P | 2020-12-08 | 2024-06-18 | $17,840 | $27,088 | -$9,248 | -$9,248 |
| AMAZON.COM | P | 2018-12-07 | 2024-09-20 | $53,115 | $7,759 | $45,356 | $45,356 |
| AMAZON.COM | D | 2018-12-07 | 2024-09-20 | $79,672 | $11,627 | $68,045 | $68,045 |
| APPLE INC | D | 2019-10-28 | 2024-09-20 | $68,766 | $5,675 | $63,091 | $63,091 |
| P | 2016-01-29 | 2024-09-20 | $27,988 | $4,893 | $23,095 | $23,095 | |
| P | 2016-12-26 | 2024-09-20 | $83,963 | $19,557 | $64,406 | $64,406 | |
| P | 2016-01-29 | 2024-09-20 | $41,981 | $7,320 | $34,661 | $34,661 | |
| GENERAL MOTORS CO | P | 2021-03-12 | 2024-09-20 | $107,932 | $123,915 | -$15,983 | -$15,983 |
| GENERAL MOTORS CO | P | 2023-09-28 | 2024-09-20 | $219,936 | $146,639 | $73,297 | $73,297 |
| GOLDMAN SACHS | P | 2016-10-26 | 2024-09-20 | $32,787 | $11,303 | $21,484 | $21,484 |
| GOLDMAN SACHS | P | 2013-01-24 | 2024-09-20 | $22,699 | $6,470 | $16,229 | $16,229 |
| GOLDMAN SACHS | P | 2013-10-30 | 2024-09-20 | $12,611 | $4,000 | $8,611 | $8,611 |
| GOLDMAN SACHS | P | 2015-12-17 | 2024-09-20 | $32,787 | $11,368 | $21,419 | $21,419 |
| ESTEE LAUDER COMPANIES | P | 2020-11-17 | 2024-09-20 | $32,982 | $94,395 | -$61,413 | -$61,413 |
| ESTEE LAUDER COMPANIES | P | 2023-09-28 | 2024-09-20 | $57,169 | $92,094 | -$34,925 | -$34,925 |
| MERCK & CO INC | P | 2024-09-20 | 2024-09-20 | $163,500 | $100,595 | $62,905 | $62,905 |
| THERMO FISHER | D | 2019-10-28 | 2024-09-20 | $139,823 | $26,606 | $113,217 | $113,217 |
| THERMO FISHER | P | 2019-11-04 | 2024-09-20 | $21,750 | $10,560 | $11,190 | $11,190 |
| THERMO FISHER | D | 2019-11-04 | 2024-09-20 | $40,394 | $2,201 | $38,193 | $38,193 |
| THERMO FISHER | P | 2023-09-28 | 2024-09-20 | $66,494 | $53,870 | $12,624 | $12,624 |
| ALPHABET INC CL A | P | 2015-10-05 | 2024-12-31 | $86,847 | $5,825 | $81,022 | $81,022 |
| ALPHABET INC CL A | P | 2015-10-05 | 2024-12-31 | $19,174 | $1,801 | $17,373 | $17,373 |
| ALPHABET INC CL A | P | 2017-12-26 | 2024-12-31 | $76,698 | $21,536 | $55,162 | $55,162 |
| WAL-MART | P | 2017-06-27 | 2024-12-31 | $68,012 | $18,932 | $49,080 | $49,080 |
| DISNEY WALT | P | 2013-09-01 | 2024-06-18 | $20,272 | $22,265 | -$1,993 | -$1,993 |
| DIAGEO PLC | P | 2016-10-26 | 2024-01-23 | $17,319 | $13,477 | $3,842 | $3,842 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,135,981 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $19,784 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $19,784 | SubtotalAmt |
| Tax Based On Investment Income | $19,784 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $26,500 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $26,500 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $6,716 | OverpaymentAmt |
| Applied To ES Tax | $6,716 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM SMITH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9787205308 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 ESSEX STREET | AddressLine1Txt |
| City | SALEM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01970 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PING YIN CHAI | ||||||||
| 210 Essex Street | Salem | MA | 01970 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| DONALD A SADOSKI D M D | ||||||||
| 210 Essex Street | Salem | MA | 01970 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| Brian W Shaughnessy | ||||||||
| 210 Essex Street | Salem | MA | 01970 | CLERK/TREASURER | 1.0 | $0 | $0 | $0 |
| daniel e clasby | ||||||||
| 210 Essex Street | Salem | MA | 01970 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| catherine l oatway | ||||||||
| 210 Essex Street | Salem | MA | 01970 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| joseph m gibbons | ||||||||
| 210 Essex Street | Salem | MA | 01970 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| Peter C Gourdeau | ||||||||
| 210 Essex Street | Salem | MA | 01970 | Director | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Prio Wealth Limited Partnership | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 265 Franklin Street Fl 20 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021103199 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT FEE | ServiceTypeTxt |
| Compensation | $96,343 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $20,626,877 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $72,450 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $41,658 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $20,740,985 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $20,740,985 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $311,115 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $20,429,870 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,021,494 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,021,494 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $19,784 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $19,784 | TotalTaxAmt |
| Distributable Before Adj | $1,001,710 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,001,710 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,001,710 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $976,954 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $976,954 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,001,710 | DistributableAsAdjustedAmt |
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $65,030 | ExcessDistributionCyovYr5Amt |
| Total Excess Distribution Cyov | $65,030 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $976,954 | QualifyingDistributionsAmt |
| Applied To Current Year | $976,954 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $24,756 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $24,756 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $40,274 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $40,274 | ExcessDistriCyovFromYr5Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Brian W Shaughnessy | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 ESEEX STREET | AddressLine1Txt |
| City | SALEM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01970 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9787455555 | RecipientPhoneNum |
| Recipient Email Address | brian.Shaughnessy@salemfive.com | RecipientEmailAddressTxt |
| Form And Info And Materials | APPLICATIONS AVAILABLE AT ABOVE ADDRESS | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | SEE APPLICATIONS FOR VARIOUS DEADLINES | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS WILL BE GIVEN TO SOCIAL SERVICE AGENCIES, CULTRURAL, EDUCATIONAL, ART, COMMUNITY ECONOMIC DEVELOPMENT AND OTHER PROGRAMS THAT IMPACT THE NEEDS OF THE SALEM FIVE COMMUNITIES. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Total Contributions Paid | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Essex Street | AddressLine1Txt |
| City | Salem | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01970 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | Not Related | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | Exempt Purpose | GrantOrContributionPurposeTxt |
| Amt | $974,342 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $974,342 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $39,660 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $351,287 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $938,205 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,329,152 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,329,152 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Salem Five Cents Savings Bank | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 essex Street | AddressLine1Txt |
| City | Salem | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01970 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $72,100 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $2,100 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,100 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Corporate/Municipal Bonds | $3,829,807 | $3,802,080 |
| Equity | $10,310,388 | $16,409,201 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Assets | Desc |
| BOY Book Value | $36,995 | BOYBookValueAmt |
| EOY Book Value | $46,321 | EOYBookValueAmt |
| EOYFMV | $46,321 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MA Filing Fee | $512 | $0 | $0 | $512 |
| IRS PENALTY | $392 | $0 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| advisory Fee | $96,343 | $96,343 | $0 | $0 |
| Assets Fee | $3,896 | $3,896 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $43,223 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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