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HEALEY FAM FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
HEALEY FAM FOUNDATION (EIN 35-7282258)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202323199349108922
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)
Return2023-11-15T19:55:08-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113408121PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BERMAN SOSMAN & ROSENZWEIG CPAS PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 JERICHO EXECUTIVE PLAZA SUITE 20AddressLine1Txt
CityJERICHOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11753ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN357282258EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HEALEY FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHEALBusinessNameControlTxt
Phone6312273900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O GMAG 400 BROADHOLLOW ROADAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH HEALYPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone6312273900PhoneNum
Signature2023-11-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOSEPHPersonFirstNm
Person LastHEALEYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID G ROSENZWEIGPreparerPersonNm
PTINP00251609PTIN
Phone5168267600PhoneNum
Preparation2023-11-14PreparationDt
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$8,819FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$243,800ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$217InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$217InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$217InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$866,409NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,100,209GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$866,409CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,110,426TotalRevAndExpnssAmt
Total Net Invst Incm$866,626TotalNetInvstIncmAmt
Total Adj Net Incm$217TotalAdjNetIncmAmt
Taxes Rev And Expnss$10,000TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10,000TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,000TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,000TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,286,729ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,286,729ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,296,729TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,000TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,286,729TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$186,303ExcessRevenueOverExpensesAmt
Net Investment Income$856,626NetInvestmentIncomeAmt
Adjusted Net Income$217AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$195,122SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,819SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,819SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$195,122TotalAssetsBOYAmt
Total Assets EOY$8,819TotalAssetsEOYAmt
Total Assets EOYFMV$8,819TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$195,122NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$8,819NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$195,122TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,819TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$195,122TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,819TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$195,122TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$186,303ExcessRevenueOverExpensesAmt
Subtotal$8,819SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,819TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
WELLS FARGO A/C 1926 LT NON COVP2010-05-012022-04-18$1,034,696$208,750$825,946$825,946
WELLS FARGO A/C 1926 LT NON COVERP2010-05-012022-10-31$65,513$25,050$40,463$40,463
FieldValueIRS element (for citing)
Capital Gain Net Income$866,409CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,907InvestmentIncomeExciseTaxAmt
Subtotal$11,907SubtotalAmt
Tax Based On Investment Income$11,907TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,393EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,393TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$31EsPenaltyAmt
Tax Due$7,545TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksGM ADVISORY GROUPIndividualWithBooksNm
Phone6312273900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1400 BROADHOLLOW ROAD SUITE 301AddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
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

FieldValueIRS element (for citing)
PersonJOSEPH HEALYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1129 BOSTON NECK ROADAddressLine1Txt
CityNARRAGANSETCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02882ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$215,833AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$215,833TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$215,833AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,237CashDeemedCharitableAmt
Net Vl Noncharitable Assets$212,596NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,630MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,630MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,907TaxBasedOnInvestmentIncomeAmt
Total Tax$11,907TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,286,729ExpensesAndContributionsAmt
Qualifying Distributions$1,286,729QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$254,768ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$254,768TotalExcessDistributionCyovAmt
Qualifying Distributions$1,286,729QualifyingDistributionsAmt
Remaining Distri From Corpus$1,286,729RemainingDistriFromCorpusAmt
Total Corpus$1,541,497TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,541,497ExcessDistriCyovToNextYrAmt
Excess From Year1$254,768ExcessFromYear1Amt
Excess From Current Year$1,286,729ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BROWN UNIVERSITY
BOX 1893PROVIDENCERI02912NONECHARITABLE CONTRIBUTION$260,000
CHILD MIND INSTITUTE
101 E 56TH STREETNEW YORKNY10022NONECHARITABLE CONTRIBUTION$367,583
BOSTON UNIVERSITY
COMMONWEALTH AVENUEBOSTONMA02215NONECHARITABLE CONTRIBUTION$112,446
FILM AT LINCOLN CENTER INC
70 LINCOLN CENTER PLAZANEW YORKNY10023NONECOARITABLE CONTRIBUTION$100,000
ALZHEIMERS DISEASE RELATED DISORD
322 EIGTH AVENUE 16TH FLNEW YORKNY10001NONECHARITABLE CONTRIBUTION$275,000
BISHOP HENDRICKEN SCHOOL
2615 WARWICK AVENUEWARWICKRI02889NONECHARITABLECONTRIBUTION$171,700
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,286,729TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$217ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$866,409ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$866,626ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$866,626TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJOSEPH HEALEYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1129 BOSTON NECK ROADAddressLine1Txt
CityNARRAGANSETCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02882ZIPCd
FieldValueIRS element (for citing)
Total Contributions$233,800TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
125,000 SRS SIX FLAGS ENTERT.$1,034,6952022-04-18
13,000 SHRS SIX FLAGS ENTERT$65,5132022-10-31

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonJOSEPH HEALEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1129 BOSTON NECK ROADAddressLine1Txt
CityNARRAGANSETCityNm
State AbbreviationRIStateAbbreviationCd
ZIP02882ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXCategoryTxt
Amt$10,000Amt
Net Investment Income$10,000NetInvestmentIncomeAmt

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