SALVAGGIO FAMILY FOUNDATION TR 10011998: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- SALVAGGIO FAMILY FOUNDATION TR 10011998 (EIN 25-6614812)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-08
- IRS object ID
- 202343129349100614
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-08T08:33:45-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 VALLEY CENTER PARKWAY STE 300 | AddressLine1Txt |
| City | BETHLEHEM | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 180172285 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 256614812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALVAGGIO FAMILY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O ANTHONY SALVAGGIO | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALV | BusinessNameControlTxt |
| Phone | 6105305000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 RIDGEVIEW DRIVE 300 | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY J SALVAGGIO | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6105305000 | PhoneNum |
| Signature | 2023-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANTHONY | PersonFirstNm |
| Person Last | SALVAGGIO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANTHONY R DEUTSCH CPA | PreparerPersonNm |
| PTIN | P00122679 | PTIN |
| Phone | 6104335501 | PhoneNum |
| Preparation | 2023-11-06 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $35,391,430 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $253,335 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $253,335 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $132,318 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $132,318 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $11,202,211 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $27,035,579 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $11,202,211 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $80,900 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $80,900 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,668,764 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $11,668,764 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,850 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,425 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,425 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $171,749 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $8,632 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $8,632 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $189,231 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $13,057 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,425 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,106,162 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,106,162 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,295,393 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $13,057 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,110,587 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,373,371 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,655,707 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $5,596,990 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,786,057 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,786,057 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $70,793 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,140 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $70,793 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $70,793 | AcctRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $14,840,188 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $14,860,350 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $22,427,685 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,687,562 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,566,267 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $82,770 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,104,718 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,992,290 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,054,355 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,046,993 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,115,673 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $29,162,940 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,536,311 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $35,391,430 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $29,162,940 | RetainedEarningBOYAmt |
| Retained Earning EOY | $37,536,311 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $29,162,940 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $37,536,311 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $29,162,940 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $37,536,311 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $29,162,940 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,373,371 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $37,536,311 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $37,536,311 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SALES OF PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $27,035,579 | GrossSalesPriceAmt |
| Cost Or Other Basis | $15,833,368 | CostOrOtherBasisAmt |
| Gain Or Loss | $11,202,211 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $11,202,211 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $11,202,211 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $162,014 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $162,014 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $162,014 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $52,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $196,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $248,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $3,006 | EsPenaltyAmt |
| Overpayment | $82,980 | OverpaymentAmt |
| Applied To ES Tax | $82,980 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | ANTHONY J SALVAGGIO | IndividualWithBooksNm |
| Phone | 6105305000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 RIDGEVIEW DRIVE SUITE 300 | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| ANTHONY J SALVAGGIO | ||||||||
| 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| THOMAS A SALVAGGIO | ||||||||
| 6124 HAASADAHL ROAD | OREFIELD | PA | 18069 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| CHRISTY A GHIGIARELLI | ||||||||
| 26 FITZGERALD DRIVE | MOOSIC | PA | 18507 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| SUZIE A SPINOSA | ||||||||
| 3018 BARRINGTON LANE | ALLENTOWN | PA | 18103 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,139,033 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $13,720,580 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $39,859,613 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $39,859,613 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $597,894 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $39,261,719 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,963,086 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,963,086 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $162,014 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $162,014 | TotalTaxAmt |
| Distributable Before Adj | $1,801,072 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,801,072 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,801,072 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,110,587 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,110,587 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,801,072 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,128,990 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,110,587 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,128,990 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $981,597 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $819,475 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ANTHONY J SALVAGGIO | ContributingManagerNm |
| Contributing Manager | THOMAS A SALVAGGIO | ContributingManagerNm |
| Contributing Manager | CHRISTY A GHIGIARELLI | ContributingManagerNm |
| Contributing Manager | SUZIE A SPINOSA | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (40 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLENTOWN CENTRAL CATHOLIC HIGH SCHOOL | |||||||
| 301 N 4TH ST | ALLENTOWN | PA | 18102 | N/A | PC | CHARITABLE | $7,625 |
| BERNARDINE FRANSCISCAN SISTERS | |||||||
| 450 ST BERNARDINE STREET | READING | PA | 19607 | N/A | PC | CHARITABLE | $12,000 |
| BOYS TOWN | |||||||
| 14100 CRAWFORD STREET | BOYS TOWN | NE | 68010 | N/A | PC | CHARITABLE | $1,250 |
| CAY GALGON LIFEHOUSE | |||||||
| 714 W BROAD ST | BETHLEHEM | PA | 18018 | N/A | PC | CHARITABLE | $2,500 |
| CENTRAL CATHOLIC HIGH SCHOOL | |||||||
| 301 N 4TH ST | ALLENTOWN | PA | 18102 | N/A | PC | CHARITABLE | $5,000 |
| CHASE THE CURE - BEYOND BATTEN DISEASE FOUNDATION | |||||||
| 3305 STECK AVE SUITE 200 | AUSTIN | TX | 78757 | N/A | PC | CHARITABLE | $1,000 |
| COMPANIONS OF ST ANTHONY | |||||||
| 12290 FOLLY QUARTER ROAD | ELLICOTT CITY | MD | 21042 | N/A | PC | CHARITABLE | $100 |
| COVENANT HOUSE | |||||||
| 31 E ARMAT STREET | PHILADELPHIA | PA | 19144 | N/A | PC | CHARITABLE | $5,000 |
| CROSS CATHOLIC OUTREACH | |||||||
| PO BOX 273908 | BOCA RATON | FL | 33427 | N/A | PC | CHARITABLE | $100,100 |
| DA VINCI SCIENCE CENTER | |||||||
| 3145 HAMILTON BLVD BYPASS | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $240,000 |
| DIOCESE OF ALLENTOWN | |||||||
| 202 NORTH 17TH STREET | ALLENTOWN | PA | 18104 | N/A | PC | CHARITABLE | $11,000 |
| EASTER SEALS OF EASTERN PA | |||||||
| 1501 LEHIGH ST | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $40,000 |
| ENDOWMENT FOR THE CARE OF RETIRED PRIESTS | |||||||
| 4029 W TILGHMAN STREET PO BOX F | ALLENTOWN | PA | 18105 | N/A | PC | CHARITABLE | $1,500 |
| FEEDING AMERICA | |||||||
| 161 NORTH CLARK STREET | CHICAGO | IL | 60601 | N/A | PC | CHARITABLE | $100,000 |
| FRANCISCAN MISSIONS | |||||||
| PO BOX 130 | WATERFORD | WI | 53185 | N/A | PC | CHARITABLE | $200 |
| GIRL SCOUTS OF AMERICA | |||||||
| 420 5TH AVENUE | NEW YORK | NY | 10018 | N/A | PC | CHARITABLE | $25,000 |
| GUARDIAN ANGELS | |||||||
| 982 EAST 89TH ST | BROOKLYN | NY | 11236 | N/A | PC | CHARITABLE | $45 |
| HAZLETON CEMETERY ASSOCIATION | |||||||
| PO BOX 2285 | HAZLETON | PA | 18201 | N/A | PC | CHARITABLE | $5,000 |
| JUSTIN SHEFTEL MEMORIAL | |||||||
| 3632 OAKWOOD TRAIL | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $500 |
| LEHIGH VALLEY REILLY CHILDREN'S HOSPITAL | |||||||
| 1200 S CEDAR CREST BLVD | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $52,500 |
| LITTLE SISTERS OF THE POOR - HOLY FAMILY HOME | |||||||
| 5300 CHESTER AVE | PHILADELPHIA | PA | 19143 | N/A | PC | CHARITABLE | $100,000 |
| MERCY SCHOOL FOR SPECIAL LEARNING | |||||||
| 830 S WOODWARD STREET | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $11,500 |
| NORTHAMPTON COUNTY AREA COMMUNITY COLLEGE FOUNDATION | |||||||
| 3835 GREEN POND ROAD | BETHLEHEM | PA | 18020 | N/A | PC | CHARITABLE | $1,000 |
| PENN STATE UNIVERSITY | |||||||
| 308 OLD MAIN | UNIVERSITY PARK | PA | 16802 | N/A | PC | CHARITABLE | $18,242 |
| PRAGER U | |||||||
| 15021 VENTURA BLVD 552 | SHERMAN OAKS | CA | 91403 | N/A | PC | CHARITABLE | $500 |
| PUSH THE ROCK | |||||||
| 647 WALNUT STREET | EMMAUS | PA | 18049 | N/A | PC | CHARITABLE | $20,000 |
| SALVATION ARMY | |||||||
| 144 NORTH 8TH STREET | ALLENTOWN | PA | 18101 | N/A | PC | CHARITABLE | $10,000 |
| ST JOHN VIANNEY SCHOOL | |||||||
| 210 NORTH 18TH STREET | ALLENTOWN | PA | 18104 | N/A | PC | CHARITABLE | $9,500 |
| ST JOSEPH'S INDIAN SCHOOL | |||||||
| 1301 N MAIN STREET | CHAMBERLAIN | SD | 57325 | N/A | PC | CHARITABLE | $650 |
| ST JUDE'S CHILDRENS HOSPITAL | |||||||
| 262 DANNY THOMAS PLACE | MEMPHIS | TN | 38105 | N/A | PC | CHARITABLE | $200 |
| ST THOMAS MORE CHURCH | |||||||
| 1040 FLEXER AVE | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $41,000 |
| ST THOMAS MORE SCHOOL | |||||||
| 1040 FLEXER AVE | ALLENTOWN | PA | 18103 | N/A | PC | CHARITABLE | $224,900 |
| STONE HARBOR VOLUNTEER FIRE COMPANY | |||||||
| 175 96TH ST | STONE HARBOR | NJ | 08247 | N/A | PC | CHARITABLE | $100 |
| THE KEITH KOZEL MEMORIAL FUND FBO L | |||||||
| 101 NORTH BLAKELY ST | DUNMORE | PA | 18512 | N/A | I | CHARITABLE | $1,000 |
| TURNING POINT USA | |||||||
| 4940 EAST BEVERLY ROAD | PHOENIX | AZ | 85044 | N/A | PC | CHARITABLE | $1,400 |
| UNITED WAY OF THE GREATER LEHIGH VALLEY | |||||||
| 1110 AMERICAN PKWY SUITE F-120 | ALLENTOWN | PA | 18109 | N/A | PC | CHARITABLE | $2,000,000 |
| VALLEY YOUTH HOUSE | |||||||
| 531 MAIN ST 2 | BETHLEHEM | PA | 18018 | N/A | PC | CHARITABLE | $55,000 |
| VICTORY HOUSE OF THE LEHIGH VALLEY | |||||||
| 314 FILLMORE ST | BETHLEHEM | PA | 18015 | N/A | PC | CHARITABLE | $500 |
| WOODLAWN FIRE DEPT | |||||||
| 1651 WHITEHALL AVENUE | ALLENTOWN | PA | 18104 | N/A | PC | CHARITABLE | $50 |
| WOUNDED WARRIOR PROJECT | |||||||
| PO BOX 758516 | TOPEKA | KS | 66675 | N/A | PC | CHARITABLE | $300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,106,162 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $253,335 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $132,318 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $80,900 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $11,202,211 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $11,668,764 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,668,764 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $8,850 | Amt |
| Net Investment Income | $4,425 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,425 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 5,000,000 BARCLAYS BANK PLC PHOENIX CONTIN 8.75% DUE 12/07/23 | $5,000,000 | $4,934,000 |
| 100,000 CITIGROUP INC LEVERAGED CLLB NOTE DUE 09/29/34 DTD 09/29/14 | $104,718 | $58,290 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 2,750 SHS SHOPIFY INC | $391,845 | $95,453 |
| 68,900 SHS PINTEREST INC | $1,819,018 | $1,672,892 |
| 2,000 SHS BROADCOM INC | $881,220 | $1,118,260 |
| 20,000 SHS PENN ENTERTAINMENT INC | $1,690,296 | $594,000 |
| 20,000 SHS ALPHABET INC | $720,162 | $1,774,600 |
| 11,500 SHS CITIGROUP INC | $1,512,189 | $520,145 |
| 2,955 SHS META PLATFORMS INC | $353,990 | $355,605 |
| 840 SHS NETFLIX INC | $412,233 | $247,699 |
| 6,500 SHS PINTEREST INC | $411,272 | $157,820 |
| 4,000 SHS RITE AID CORP | $394,822 | $13,360 |
| 398 SHS WELLS FARGO & CO | $100,515 | $16,433 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $14,840,188 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $14,860,350 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MUDITA VENTURE FUND | AT COST | $89,308 | $89,308 |
| 1,026,365 UNITS CPG ACTIVIST FUND LLC | AT COST | $957,685 | $1,026,365 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $8,415 | $8,415 | $0 |
| MARGIN INTEREST | $217 | $217 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CPG ACTIVIST FUND | $91,592 | $91,592 | $91,592 |
| MUDITA VENTURE FUND | -$10,692 | -$10,692 | -$10,692 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL INVESTMENT INCOME TAX | CategoryTxt |
| Amt | $171,749 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |