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SALT & LIGHT CHARITABLE WORKS FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SALT & LIGHT CHARITABLE WORKS FOUNDATION INC (EIN 83-2319617)
Tax period
2021-10-01 to 2022-09-30
Filed
2023-01-31
IRS object ID
202300319349100310
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)
Return2023-01-31T14:25:54-05:00ReturnTs
Tax Period End2022-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112459188PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CULLEN & DANOWSKI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11650 ROUTE 112AddressLine1Txt
CityPORT JEFFERSON STACityNm
State AbbreviationNYStateAbbreviationCd
ZIP117763060ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832319617EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SALT & LIGHT CHARITABLE WORKSBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSALTBusinessNameControlTxt
Phone6314733400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 TINKER BLUFF COURTAddressLine1Txt
CitySETAUKETCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11733ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERESA RAINONEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6314733400PhoneNum
Signature2023-01-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTERESAPersonFirstNm
Person LastRAINONEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES DANOWSKI CPAPreparerPersonNm
PTINP00036673PTIN
Phone6314733400PhoneNum
Preparation2023-01-16PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$207,224FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$8,636DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,636DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,636DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$6,641NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$234,564GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,918CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$5,000OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$5,000OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$26,995TotalRevAndExpnssAmt
Total Net Invst Incm$15,554TotalNetInvstIncmAmt
Total Adj Net Incm$13,636TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$15OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$15TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$15TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$200,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$200,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$200,015TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$15TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$200,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$173,020ExcessRevenueOverExpensesAmt
Net Investment Income$15,539NetInvestmentIncomeAmt
Adjusted Net Income$13,636AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,467CashBOYAmt
Cash EOY$10,467CashEOYAmt
Cash EOYFMV$10,467CashEOYFMVAmt
Sav And Temp Cash Invst BOY$45,631SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$113,817SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$113,817SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$340,361CorporateStockBOYAmt
Corporate Stock EOY$99,155CorporateStockEOYAmt
Corporate Stock EOYFMV$82,940CorporateStockEOYFMVAmt
Total Assets BOY$396,459TotalAssetsBOYAmt
Total Assets EOY$223,439TotalAssetsEOYAmt
Total Assets EOYFMV$207,224TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$396,459NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$223,439NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$396,459TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$223,439TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$396,459TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$223,439TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$396,459TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$173,020ExcessRevenueOverExpensesAmt
Subtotal$223,439SubtotalAmt
Tot Net Ast Or Fund Balances EOY$223,439TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$6,918CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$216InvestmentIncomeExciseTaxAmt
Subtotal$216SubtotalAmt
Tax Based On Investment Income$216TaxBasedOnInvestmentIncomeAmt
Tax Due$216TaxDueAmt

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 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
Individual With BooksSALT LIGHT CHARITABLE WORKSIndividualWithBooksNm
Phone6318483157PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111 TINKER BLUFF CTAddressLine1Txt
CitySETAUKETCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11733ZIPCd
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 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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TERESA RAINONE
11 TINKER BLUFF CTSETAUKETNY11733PRESIDENT000.00$0$0$0
HESHAM ATWA
11 TINKER BLUFF CTSETAUKETNY11733SECRETARY000.00$0$0$0
SIMONE ATWA
11 TINKER BLUFF CTSETAUKETNY11733TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$219,758AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$87,692AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$307,450TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$307,450AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,612CashDeemedCharitableAmt
Net Vl Noncharitable Assets$302,838NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,142MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,142MinimumInvestmentReturnAmt
Tax Based On Investment Income$216TaxBasedOnInvestmentIncomeAmt
Total Tax$216TotalTaxAmt
Distributable Before Adj$14,926DistributableBeforeAdjAmt
Distributable Before Ded$14,926DistributableBeforeDedAmt
Distributable As Adjusted$14,926DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$200,000ExpensesAndContributionsAmt
Qualifying Distributions$200,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,926DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$37,250ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$167,250ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$204,500TotalExcessDistributionCyovAmt
Qualifying Distributions$200,000QualifyingDistributionsAmt
Treated As Distri From Corpus$200,000TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$14,926ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$14,926ExcessDistributionCyovAppCYAmt
Total Corpus$389,574TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$200,000CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov To Next Yr$189,574ExcessDistriCyovToNextYrAmt
Excess From Current Year$189,574ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INFANT JESUS ROMAN CATHOLIC CHURCH
110 MYRTLE AVEPORT JEFFERSONNY11777DONATION$10,000
AMERICAN RED CROSS
2025 E ST NWWASHINGTONDC20006DONATION$5,000
SBA LIST EDUCATIONAL FUND
2800 SHIRLINGTON RDARLINGTONVA22206DONATION$10,000
CAPUCHIN FRANCISCANS OF PROVINCE
30 GEDNEY PARK DRWHITE PLAINSNY10605DONATION$10,000
SAINT LAWRENCE SEMINARY
301 CHURCH STMT CALVARYWI53057DONATION$20,000
CITYMEALS ON WHEELS
355 LEXINGTON AVENEW YORKNY10017DONATION$15,000
CATHOLIC LEAGUE
450 SEVENTH AVENEW YORKNY10123DONATION$5,000
PRIESTS OF SACRED HEART- SH SOUTH
6050 HWY 161WALLSMS38680DONATION$45,000
THE CARDINAL NEWMAN SOCIETY
9415 WEST STMANASSASVA20110DONATION$10,000
LONG ISLAND CARES
10 DAVIDS DRHAUPPAUGENY11788DONATION$15,000
MILES CHRISTI
25300 JOHNS ROADSOUTH LYONMI48178DONATION$5,000
EUCHARISTIC APOSTLES OF DIVINE MERC
10016 PARK PLACE AVERIVERVIEWFL33569DONATION$5,000
FOOD FOR THE POOR
6401 LYONS ROADCOCONUT CREEKFL33073DONATION$5,000
FR ANTHONY EWHERIDO
110 HAWKINS STREETPORT JEFFERSONNY11777DONATION$20,000
CATHOLIC CENTER AT NORTHEASTERN UNI
68 SAINT STEPHEN STREETBOSTONMA02115DONATION$5,000
THE LIFE CENTER OF LONG ISLAND
1767 DEER PARK AVEDEER PARKNY11729DONATION$10,000
ETHELIA MCKAY
259 1ST STREETMINEOLANY11501DONATION$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$200,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,636RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$6,641RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescVOIDED CHECK RETURNEDDesc
Related Or Exempt Function Incm$5,000RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,995RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,995TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
HESHAM ATWA
111 TINKER BLUFF CTSETAUKETNY11733$10,000Yes (X)
TERESA RAINONE
211 TINKER BLUFF CTSETAUKETNY11733$10,000Yes (X)

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (6 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
AMERICAN BOND FUND OF AMERICA2020-08PURCHASE2021-12$50,000$53,051-$3,051
AMERICAN HIGH INCOME TRUST2020-08PURCHASE2022-03$30,000$28,980$1,020
AMERICAN INTERMEDIATE BOND OF AMERIC2020-08PURCHASE2022-03$20,000$21,238-$1,238
PUTNAM GLOBAL HEALTH CARE FUND2020-08PURCHASE2022-05$50,000$52,314-$2,314
MAINSTAY MACKAY HIGH YIELD CORP2020-08PURCHASE2022-09$58,427$66,001-$7,574
MAINSTAY FLOATING RATE FUND2020-08PURCHASE2022-09$19,219$19,621-$402

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MAINSTAY CANDRIAM EMERGING MARKETS$16,294$10,990
MAINSTAY MAC KAY HIGH YIELD
MAINSTAY FLOATING RATE FUND
AMERICAN HIGH INCOME$33,220$30,469
AMERICAN BOND FUND OF AMERICA$20,339$16,018
AMERICAN INTERMEDIATE BONDOF AMERICA$24,832$21,519
PUTNAM GLOBAL HEALTH FUND$4,470$3,944

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$15$15

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescVOIDED CHECK RETURNEDDesc
Revenue And Expenses Per Books$5,000RevenueAndExpensesPerBooksAmt
Adjusted Net Income$5,000AdjustedNetIncomeAmt

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