WILLOWMERE FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WILLOWMERE FOUNDATION (EIN 88-2199582)
- Tax period
- 2022-05-04 to 2022-12-31
- Filed
- 2023-10-31
- IRS object ID
- 202313049349101046
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-31T13:56:57-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-05-04 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 882199582 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Willowmere Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | WILL | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATTHEW HAPGOOD | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-10-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MATTHEW | PersonFirstNm |
| Person Last | HAPGOOD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Application Pending | Yes (X) | ApplicationPendingInd |
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,978,923 | 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 | $5,010,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $41,871 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $41,871 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $12,947 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,947 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $55,150 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,904,295 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,516,379 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $5,119,968 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,571,197 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $8,875 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,875 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $44,900 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $12,729 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $12,729 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $66,504 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,875 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $12,729 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $12,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $12,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $78,504 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,875 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $24,729 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,041,464 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,562,322 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst EOY | $1,149,132 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,149,132 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations EOY | $357,735 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $360,144 | USGovtObligationsEOYFMVAmt |
| Corporate Stock EOY | $3,131,063 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,062,596 | CorporateStockEOYFMVAmt |
| Corporate Bonds EOY | $403,534 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $407,051 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,041,464 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,978,923 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning EOY | $5,041,464 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,041,464 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,041,464 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,041,464 | ExcessRevenueOverExpensesAmt |
| Subtotal | $5,041,464 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $5,041,464 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $4,904,295 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,387,916 | CostOrOtherBasisAmt |
| Gain Or Loss | $3,516,379 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $3,516,379 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,516,379 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $49,516 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $49,516 | SubtotalAmt |
| Tax Based On Investment Income | $49,516 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $44,900 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $4,616 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $49,516 | TotalPaymentsAndCreditsAmt |
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 | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| Barbara Hapgood | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Sec | 1.0 | $0 | $0 | $0 |
| Gay Hapgood | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Matthew Hapgood | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas | 1.0 | $0 | $0 | $0 |
| 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 | $1,068,795 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,578,515 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,647,310 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,647,310 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $54,710 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,592,600 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $119,097 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $119,097 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $49,516 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $49,516 | TotalTaxAmt |
| Distributable Before Adj | $69,581 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $69,581 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $69,581 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $24,729 | 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 | $24,729 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $69,581 | DistributableAsAdjustedAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Qualifying Distributions | $24,729 | QualifyingDistributionsAmt |
| Applied To Current Year | $24,729 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $44,852 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALBEMARLE SOCIETY FOR THE PREVENTION OF CRUELTY TO | |||||||
| 3355 BERKMAR DR | CHARLOTTESVILLE | VA | 22901 | N/A | PC | General & Unrestricted | $1,000 |
| NEADS INC | |||||||
| PO BOX 1100 | PRINCETON | MA | 01541 | N/A | PC | General & Unrestricted | $10,000 |
| WILD DOLPHIN PROJECT INC | |||||||
| 1208 US HWY ONE SUITE G | NORTH PALM BEACH | FL | 33408 | N/A | PC | General & Unrestricted | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $12,000 | 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 | $41,871 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,947 | 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 | $55,150 | 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 | $109,968 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $109,968 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Gay Hapgood Revocable Trust | |||||||
| 1 | 10 Lawton Road | Leverett | MA | 01054 | $5,000,000 | Yes (X) | Yes (X) |
| Gay Hapgood | |||||||
| 2 | 10 Lawton Rd | Leverett | MA | 01054 | $10,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (8 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | DELTA AIR LINES INC DAL, 17000 sh. | $548,590 | 2022-07-19 |
| 1 | QUANTA SVCS INC PWR, 18000 sh. | $2,337,300 | 2022-07-19 |
| 1 | MASTERCARD INC MA, 1000 sh. | $336,895 | 2022-07-19 |
| 1 | QUANTA SVCS INC PWR, 4500 sh. | $584,325 | 2022-07-19 |
| 1 | EXXON MOBIL CORP XOM, 422 sh. | $36,876 | 2022-07-19 |
| 1 | RAYTHEON TECHNOLOGIES CORP RTX, 4669 sh. | $427,727 | 2022-07-19 |
| 1 | APPLE INC AAPL, 2800 sh. | $417,396 | 2022-07-19 |
| 1 | EXXON MOBIL CORP XOM, 2578 sh. | $225,279 | 2022-07-19 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| COMCAST CORP NOTE - 3.300% - 0 | $70,856 | $70,780 |
| DTE ELECTRIC CO - 1.770% - 02/ | $64,569 | $65,265 |
| INTEL CORP - 2.450% - 11/15/20 | $64,403 | $64,475 |
| JOHN DEERE - 1.300% - 10/13/20 | $65,164 | $66,382 |
| MORGAN STANLEY SER I MTN - 0.7 | $68,702 | $69,727 |
| THERMO FISHER SCIENTIFIC INC N | $69,840 | $70,422 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (123 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABS | $22,125 | $23,495 |
| ABBVIE INC | $16,880 | $17,131 |
| ACCENTURE PLC | $15,431 | $14,409 |
| ADOBE SYSTEMS, INC | $18,790 | $19,182 |
| AGILENT TECHNOLOGIES INC | $11,820 | $11,822 |
| AIR PRODS & CHEM INC | $17,005 | $17,879 |
| ALBEMARLE CP | $5,935 | $4,771 |
| ALEXANDRIA REAL ESTATE EQUITIE | $8,020 | $7,866 |
| ALPHABET INC CL C | $83,713 | $77,195 |
| ALPS CLEAN ENERGY ETF | $82,075 | $68,235 |
| AMERICAN EXPRESS CO | $17,335 | $16,844 |
| AMERICAN TOWER REIT INC | $9,389 | $9,322 |
| AMERICAN WATER WORKS COMPANY I | $13,099 | $13,413 |
| AMERIPRISE FINANCIAL INC | $8,025 | $7,784 |
| APPLE INC | $150,536 | $132,528 |
| APPLIED MATERIALS INC | $19,101 | $18,307 |
| APTIV PLC | $10,672 | $9,872 |
| AUTODESK, INC | $11,496 | $10,465 |
| AUTOMATIC DATA PROCESSING INC | $10,735 | $10,032 |
| BALL CP | $6,514 | $6,239 |
| BAXTER INTERNATIONAL INC | $5,141 | $4,995 |
| BEST BUY INC | $7,423 | $7,780 |
| BLACKROCK INC | $21,150 | $21,259 |
| BOSTON SCIENTIFIC | $9,044 | $9,532 |
| BRISTOL-MYERS SQUIBB CO | $23,421 | $21,585 |
| CATERPILLAR INC | $11,229 | $11,738 |
| CBRE GROUP | $10,522 | $10,774 |
| CIGNA CORPORATION | $8,340 | $8,615 |
| CISCO SYSTEMS INC | $28,063 | $28,298 |
| CITIGROUP INC | $23,163 | $22,389 |
| COLGATE-PALMOLIVE COMPANY | $13,923 | $14,261 |
| COMCAST CORP | $18,642 | $18,709 |
| COSTCO WHOLESALE CORPORATION | $21,630 | $20,086 |
| CUMMINS INC | $9,826 | $9,692 |
| CVS CAREMARK CORP | $13,963 | $13,233 |
| DANAHER CORP | $5,469 | $5,574 |
| DEERE CO | $17,236 | $17,579 |
| DEVON ENERGY CORPORATION | $18,869 | $16,854 |
| EATON CORP PLC | $12,539 | $12,399 |
| EBAY INC | $20,681 | $19,864 |
| ECOLAB INC | $10,509 | $10,189 |
| EDWARDS LIFESCIENCES | $5,434 | $5,521 |
| ELECTRONIC ARTS | $9,514 | $9,164 |
| ELEVANCE HEALTH INC | $22,624 | $22,571 |
| EMERSON ELECTRIC CO | $17,413 | $17,963 |
| ESTEE LAUDER COMPANIES INC | $13,537 | $15,135 |
| ETSY INC | $7,116 | $6,827 |
| GENERAL MILLS INC | $21,050 | $21,382 |
| GILEAD SCIENCES INC | $13,492 | $13,736 |
| GRAINGER W W INC | $11,747 | $11,125 |
| HESS CORP | $25,156 | $25,528 |
| HILTON WORLDWIDE HOLDINGS, INC | $23,693 | $21,734 |
| HOLOGIC, INC | $5,265 | $5,386 |
| HOME DEPOT INC | $28,461 | $28,743 |
| HUMANA INC | $17,569 | $16,902 |
| HUNTINGTON BANCSHARES INC | $11,279 | $10,674 |
| ILLINOIS TOOL WORKS | $10,660 | $10,574 |
| ILLUMINA INC COM | $5,936 | $5,459 |
| INT'L FLAVORS & FRAGRANCES INC | $8,891 | $9,226 |
| INTUIT | $12,211 | $12,066 |
| IQVIA HOLDINGS INC | $5,034 | $4,917 |
| ISHARES ESG ADVANCED TOTAL USD | $123,746 | $126,600 |
| ISHARES FLOATING RATE NOTE FUN | $75,435 | $75,495 |
| ISHARES TRUST ISHARES MSCI EAF | $122,322 | $131,479 |
| JOHNSON CONTROLS INTERNATIONAL | $8,123 | $8,064 |
| LAM RESEARCH CORP | $11,044 | $10,508 |
| LOWES COMPANIES INC | $17,354 | $16,736 |
| MARATHON PETROLEUM CORP | $21,784 | $22,114 |
| MASTERCARD INC | $24,650 | $25,384 |
| MERCK & CO INC | $25,834 | $27,183 |
| METLIFE INC | $24,062 | $23,376 |
| METTLER-TOLEDO INTL | $5,552 | $5,782 |
| MICROSOFT CORP | $112,781 | $112,236 |
| MOODYS CORP | $6,865 | $6,687 |
| MORGAN STANLEY | $30,887 | $29,672 |
| NEXTERA ENERGY, INC | $27,442 | $27,922 |
| NIKE INC-CL B | $12,866 | $14,509 |
| NUVEEN ESG EMERGING MARKETS EQ | $93,414 | $95,400 |
| NUVEEN ESG MID-CAP GROWTH ETF | $123,606 | $123,200 |
| NUVEEN ESG MID-CAP VALUE ETF | $150,042 | $139,824 |
| NUVEEN ESG SMALL-CAP ETF | $162,620 | $152,459 |
| NUVEEN ESG US AGGREGATE BOND E | $63,394 | $64,222 |
| NUVEEN ESG US HIGH YIELD CORPO | $61,226 | $60,780 |
| NVIDIA CORP | $34,766 | $32,443 |
| OTIS WORLDWIDE CORP | $5,142 | $5,247 |
| PAYPAL HOLDINGS, INC | $8,224 | $7,977 |
| PEPSICO INC | $41,187 | $41,010 |
| PNC FINANCIAL GROUP INC | $22,899 | $22,743 |
| PROCTER GAMBLE CO | $21,956 | $23,189 |
| PROGRESSIVE CORP OHIO | $17,225 | $17,381 |
| PROLOGIS | $14,592 | $14,542 |
| PUBLIC STORAGE SER P 4.00% | $74,928 | $70,678 |
| QUALCOMM INC | $15,432 | $14,182 |
| ROCKWELL AUTOMATION INC | $11,993 | $11,848 |
| S&P GLOBAL INC COM | $16,141 | $15,742 |
| SALESFORCE.COM | $19,199 | $17,237 |
| SCHLUMBERGER LTD | $18,012 | $18,925 |
| SEMPRA ENERGY COM | $14,584 | $14,218 |
| STARBUCKS CORP COM | $21,076 | $21,030 |
| STERIS PLC | $4,798 | $4,987 |
| SVB FINANCIAL GROUP | $6,614 | $6,904 |
| T-MOBILE US INC | $16,010 | $15,120 |
| TARGET CORPORATION | $11,510 | $10,582 |
| TEXAS INSTRUMENTS INC | $21,586 | $20,818 |
| THE HERSHEY COMPANY | $14,348 | $14,357 |
| THERMO FISHER SCIENTIFIC INC | $12,799 | $13,217 |
| TJX COMPANIES INC | $17,241 | $17,751 |
| TRACTOR SUPPLY CO COM | $6,535 | $6,749 |
| TRANE TECHNOLOGIES PLC | $4,995 | $4,875 |
| TRUIST FINANCIAL CORPORATION | $16,136 | $15,663 |
| ULTA SALON, COSMETICS & FRAGRA | $8,412 | $8,912 |
| UNITEDHEALTH GROUP INC | $29,030 | $28,630 |
| US BANCORP | $12,077 | $12,124 |
| VALERO ENERGY CORP | $22,095 | $21,566 |
| VENTAS INC | $8,956 | $8,875 |
| VERIZON COMMUNICATIONS | $15,812 | $16,509 |
| VERTEX PHARMCTLS INC | $12,843 | $11,840 |
| VISA INC | $28,088 | $28,048 |
| WALT DISNEY HOLDINGS CO | $20,525 | $18,419 |
| WASTE MANAGEMENT INC | $23,188 | $22,434 |
| XCEL ENERGY INC | $7,355 | $7,362 |
| XYLEM INC | $9,296 | $9,398 |
| ZOETIS INC | $12,848 | $12,603 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $357,735 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $360,144 | USGovtObligationsEOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2022 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $12,000. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $6,229 | $6,229 |
| Administrative Set-Up Fee | $5,400 | $5,400 |
| Delaware Incorporation Fees | $500 | $500 |
| IRS Application Fees | $600 | $600 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $8,875 | Amt |
| Net Investment Income | $8,875 | NetInvestmentIncomeAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Gay Hapgood Revocable Trust | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 Lawton Road | AddressLine1Txt |
| City | Leverett | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01054 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-PF Estimated Tax for 2022 | CategoryTxt |
| Amt | $44,900 | Amt |
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