PATRICK J FRAWLEY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PATRICK J FRAWLEY FOUNDATION INC (EIN 46-4037658)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-08
IRS object ID
202531289349101038
Schema version
2024v5.1
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)
Return2025-05-08T06:53:59-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN823375200PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAIN STREET FINANCIALBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1550 MAMARONECK AVE SUITE 402AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464037658EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PATRICK J FRAWLEY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATRBusinessNameControlTxt
Phone7183936101PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1132A EAST 65TH STREET 10BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10065ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICK J FRAWLEYPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBERNARD B DEDVUKAJ CPAPreparerPersonNm
PTINP02398894PTIN
Phone9146988303PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,722,558FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$96,483DividendsRevAndExpnssAmt
Dividends Net Invst Incm$96,483DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$182,013NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$769,791GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$182,013CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$278,496TotalRevAndExpnssAmt
Total Net Invst Incm$278,496TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,000AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$14,129OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,129OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,454TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,583TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,129TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$147,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$147,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$165,083TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,129TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$147,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$113,413ExcessRevenueOverExpensesAmt
Net Investment Income$262,367NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,742CashBOYAmt
Cash EOY$1,546CashEOYAmt
Cash EOYFMV$1,546CashEOYFMVAmt
Sav And Temp Cash Invst BOY$43,020SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$347,251SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$347,251SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,170,585CorporateStockBOYAmt
Corporate Stock EOY$861,091CorporateStockEOYAmt
Corporate Stock EOYFMV$1,654,281CorporateStockEOYFMVAmt
Corporate Bonds BOY$596,006CorporateBondsBOYAmt
Corporate Bonds EOY$715,339CorporateBondsEOYAmt
Corporate Bonds EOYFMV$719,480CorporateBondsEOYFMVAmt
Total Assets BOY$1,811,353TotalAssetsBOYAmt
Total Assets EOY$1,925,227TotalAssetsEOYAmt
Total Assets EOYFMV$2,722,558TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,811,353CapitalStockBOYAmt
Capital Stock EOY$1,925,227CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,811,353TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,925,227TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,811,353TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,925,227TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,811,353TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$113,413ExcessRevenueOverExpensesAmt
Other Increases$461OtherIncreasesAmt
Subtotal$1,925,227SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,925,227TotNetAstOrFundBalancesEOYAmt

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
JANNEY #7293P2024-01-012024-12-31$3,542$9,145-$5,603-$5,603
JANNEY #7293P1999-01-012024-12-31$766,249$578,633$187,616$187,616
FieldValueIRS element (for citing)
Capital Gain Net Income$182,013CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$5,603NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,647InvestmentIncomeExciseTaxAmt
Subtotal$3,647SubtotalAmt
Tax Based On Investment Income$3,647TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,052EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$6,245ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$7,297TotalPaymentsAndCreditsAmt
Overpayment$3,650OverpaymentAmt
Applied To ES Tax$3,650AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LARUSSO & MCNEILL LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9146988303PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1550 MAMARONECK AVE-SUITE 402AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
PATRICK J FRAWLEY
132A EAST 65TH STREET STE 10BNEW YORKNY10065President1.00$0
GEORGE FRAWLEY
132A EAST 65TH STREET STE 10BNEW YORKNY10065Treasurer1.00$0
ANNE FRAWLEY
132A EAST 65TH STREET STE 10BNEW YORKNY10065Secretary1.00$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$2,384,679AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$196,780AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,581,459TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,581,459AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$38,722CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,542,737NetVlNoncharitableAssetsAmt
Minimum Investment Return$127,137MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$127,137MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,647TaxBasedOnInvestmentIncomeAmt
Total Tax$3,647TotalTaxAmt
Distributable Before Adj$123,490DistributableBeforeAdjAmt
Distributable Before Ded$123,490DistributableBeforeDedAmt
Distributable As Adjusted$123,490DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$147,500ExpensesAndContributionsAmt
Qualifying Distributions$147,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$123,490DistributableAsAdjustedAmt
Undistributed Income PY$64,553UndistributedIncomePYAmt
Qualifying Distributions$147,500QualifyingDistributionsAmt
Applied To Year1$64,553AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$82,947AppliedToCurrentYearAmt
Undistributed Income CY$40,543UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerPATRICK J FRAWLEYContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE LOTOS FOUNDATION
5 EAST 66TH STREETNEW YORKNY10065NONEPFSUPPORT UNDERSERVED CHILDREN IN APPRECIATION OF THE ARTS$10,000
CATHOLIC CHARITIES OF BROOKLYN QUEE
191 JORALEMON STREETBROOKLYNNY11201NONEPFSOCIAL & HEALTH SERVICES$50,000
THE RAND CORPORATION
1776 MAIN STREETSANTA MONICACA90407NONEPFTO SUPPORT A RESEARCH ORGANIZATION DEVELOPING SOLUTIONS TO PUBLIC POLICY CHALLENGES SUCH AS HEALTH AND SAFETY$50,000
JESUIT REFUGEE SERVICE USA
1627 K STEET NW SUITE 1100WASHINGTONDC20006NONEPFPROVIDE AID TO DISPLACED PERSONS AROUND THE GLOBE$5,000
GREATER NY
5 HANOVER SQUARE 9TH FLNEW YORKNY10004NONEPFSUPPORT TO STRENGTHEN ORGANIZATIONS SERVING NEW YORK'S NEEDIEST COMMUNITIES$7,500
THE CATHOLIC LEGAL IMMIGRATION NETW
8455 COLESVILLE ROAD SUITE 960SILVER SPRINGMD20910NONEPCPROTECT THE DIGNITY AND RIGHTS OF IMMIGRANTS$10,000
ENDEAVOR THERAPEUTIC HORSEMANSHIP I
556 CROTON LAKE ROADBEDFORD CORNERSNY10549NONEPCPROGRAMS FOR INDIVIDUALS WHO MIGHT BENEFIT FROM EQUINE THERAPY$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$147,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$96,483ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$182,013RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$96,483ExclusionAmt
Related Or Exempt Function Incm$182,013RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$278,496TotalIncomeProducingActyAmt

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)
CategoryLARUSSO & MCNEILLCategoryTxt
Amt$2,000Amt
Net Investment Income$2,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryJANNEY INVESTMENT ADV FEESCategoryTxt
Amt$14,129Amt
Net Investment Income$14,129NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$862
FOREIGN TAX PAID$342
NYS FILING FEE$250

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