FEDERICI FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FEDERICI FAMILY FOUNDATION (EIN 87-2451906)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-09-01
IRS object ID
202342449349100804
Schema version
2022v5.0
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)
Return2023-09-01T10:09:51-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222947255PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Lear & Pannepacker LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1791 Alexander RoadAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872451906EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Federici Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFEDEBusinessNameControlTxt
Phone4849956077PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 Pine Heritage DriveAddressLine1Txt
CityNewtownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18940ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWilliam J FedericiPersonNm
Person TitlePresidentPersonTitleTxt
Phone4849956077PhoneNum
Signature2023-09-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWilliamPersonFirstNm
Person LastFedericiPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonScot D Pannepacker CPAPreparerPersonNm
PTINP00216902PTIN
Phone6094522200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,328,455FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$23InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$23InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$23InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$19,736DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,736DividendsNetInvstIncmAmt
Dividends Adj Net Incm$19,736DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$345,979NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,265,075GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$346,398CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$365,738TotalRevAndExpnssAmt
Total Net Invst Incm$366,157TotalNetInvstIncmAmt
Total Adj Net Incm$19,759TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,750AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$2,129OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,129OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$694TaxesRevAndExpnssAmt
Taxes Net Invst Incm$694TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,573TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,573TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$161,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$161,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$165,573TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,573TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$161,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$200,165ExcessRevenueOverExpensesAmt
Net Investment Income$361,584NetInvestmentIncomeAmt
Adjusted Net Income$19,759AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$395CashBOYAmt
Cash EOY$17,149CashEOYAmt
Cash EOYFMV$17,149CashEOYFMVAmt
Corporate Stock BOY$64,271CorporateStockBOYAmt
Corporate Stock EOY$1,483,071CorporateStockEOYAmt
Corporate Stock EOYFMV$1,009,023CorporateStockEOYFMVAmt
Other Investments BOY$647,878OtherInvestmentsBOYAmt
Other Investments EOY$352,904OtherInvestmentsEOYAmt
Other Investments EOYFMV$302,283OtherInvestmentsEOYFMVAmt
Total Assets BOY$712,544TotalAssetsBOYAmt
Total Assets EOY$1,853,124TotalAssetsEOYAmt
Total Assets EOYFMV$1,328,455TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$712,544NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,853,124NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$712,544TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,853,124TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$712,544TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,853,124TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$712,544TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$200,165ExcessRevenueOverExpensesAmt
Other Increases$940,415OtherIncreasesAmt
Subtotal$1,853,124SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,853,124TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
UBS 5289 Long Term Not ReportedP2000-01-012022-12-31$1,129,437$757,584$371,853$371,853
UBS 5509 Short Term Not ReportedP2022-01-012022-12-31$36,080$47,960-$11,880-$11,880
UBS 5510 Short Term Not ReportedP2022-01-012022-12-31$99,556$113,552-$13,996-$13,996
Capital Gain Dividends$2
Wash Sale$419
FieldValueIRS element (for citing)
Capital Gain Net Income$346,398CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$25,457NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,026InvestmentIncomeExciseTaxAmt
Subtotal$5,026SubtotalAmt
Tax Based On Investment Income$5,026TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$5,026TaxDueAmt
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 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
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1William J FedericiBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4849956077PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 Pine Heritage DriveAddressLine1Txt
CityNewtownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP189402920ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
William J Federici
2 Pine Heritage DriveNewtownPA18940President2.00$0
Susan C Federici
2 Pine Heritage DriveNewtownPA18940Secretary1.00$0
James A Federici
86 Old York RoadRingoesNJ08551Vice President1.00$0
Nicholas W Federici
16 Heritage DriveWarrenNJ07059Vice President1.00$0
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$1,486,662AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$132,033AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,618,695TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,618,695AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,280CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,594,415NetVlNoncharitableAssetsAmt
Minimum Investment Return$79,721MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$79,721MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,026TaxBasedOnInvestmentIncomeAmt
Total Tax$5,026TotalTaxAmt
Distributable Before Adj$74,695DistributableBeforeAdjAmt
Distributable Before Ded$74,695DistributableBeforeDedAmt
Distributable As Adjusted$74,695DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$161,000ExpensesAndContributionsAmt
Qualifying Distributions$161,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$74,695DistributableAsAdjustedAmt
Undistributed Income PY$17,881UndistributedIncomePYAmt
Qualifying Distributions$161,000QualifyingDistributionsAmt
Applied To Year1$17,881AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$74,695AppliedToCurrentYearAmt
Remaining Distri From Corpus$68,424RemainingDistriFromCorpusAmt
Total Corpus$68,424TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$68,424ExcessDistriCyovToNextYrAmt
Excess From Current Year$68,424ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWilliam J FedericiContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWilliam J FedericiRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 Pine Heritage DriveAddressLine1Txt
CityNewtownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18940ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4849956077RecipientPhoneNum
Recipient Email Addresswjfederici@gmail.comRecipientEmailAddressTxt
Form And Info And Materialsin writingFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsMust be a 501(c)(3) charitable organizationRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Rutgers University Foundation
120 Albany StreetNew BrunswickNJ08901NonePCCharitable Contribution$50,000
Temple University Lewis Katz School
100 E Lehigh AvenuePhiladelphiaPA19125NonePCCharitable Contribution$1,000
The Institute for Cancer Research
29 Broadway Floor 4New YorkNY10006NonePCCharitable Contribution$110,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$161,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,736ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$345,977ExclusionAmt
Related Or Exempt Function Incm$2RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$365,736ExclusionAmt
Related Or Exempt Function Incm$2RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$365,738TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
3Earnings on investments used for charitable contributions
4Earnings on investments used for charitable contributions
8Earnings on investments used for charitable contributions

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 Preparation FeesCategoryTxt
Amt$1,750Amt
Net Investment Income$1,750NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
UBS 5289 Common Stock$894,564$460,580
UBS 5509 Common Stock$193,826$162,864
UBS 5510 Common Stock$394,681$385,579

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemUBS 5289 Closed End FundsCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$352,904BookValueAmt
EOYFMV$302,283EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
Adjustment to Beginning Cost Basis$940,000
Wash Sale Losses Disallowed$415

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Advisory FeesCategoryTxt
Amt$2,129Amt
Net Investment Income$2,129NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Federal Taxes$5$5
Foreign Taxes$689$689

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