JAMES J PALLOTTA CHARITABLE TRUST: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JAMES J PALLOTTA CHARITABLE TRUST (EIN 22-3208194)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-13
IRS object ID
202231339349103253
Schema version
2021v4.2
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)
Return2022-05-13T12:36:09-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1121 RIVER STREETAddressLine1Txt
CityHOBOKENCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07030ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223208194EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1James J Pallotta Charitable TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% LARRY LESTERInCareOfNm
Business Name ControlJAMEBusinessNameControlTxt
Phone7816478160PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O Larry Lester 180 Ash StreetAddressLine1Txt
CityWestonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024931928ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES PALLOTTAPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7816478160PhoneNum
Signature2022-05-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastPALLOTTAPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJessica PernaPreparerPersonNm
PTINP00844664PTIN
Phone2015515000PhoneNum
Preparation2022-05-04PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,088,980FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$774,649ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,153InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,153InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$497DividendsRevAndExpnssAmt
Dividends Net Invst Incm$497DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$788,574NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$845,351GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$788,574CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$558OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,565,431TotalRevAndExpnssAmt
Total Net Invst Incm$790,224TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$5,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$5,000AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$218,910TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,000OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,000OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$224,910TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,793,314ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,772,814ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,018,224TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$4,778,814TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,452,793ExcessRevenueOverExpensesAmt
Net Investment Income$790,224NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$9,792,370SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,626,705SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,626,705SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$3,462,275USGovernmentObligationsBOYAmt
US Government Obligations EOY$3,462,275USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$3,462,275USGovtObligationsEOYFMVAmt
Total Assets BOY$13,254,645TotalAssetsBOYAmt
Total Assets EOY$9,088,980TotalAssetsEOYAmt
Total Assets EOYFMV$9,088,980TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$13,254,645RetainedEarningBOYAmt
Retained Earning EOY$9,088,980RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$13,254,645TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,088,980TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$13,254,645TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,088,980TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$13,254,645TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,452,793ExcessRevenueOverExpensesAmt
Subtotal$9,801,852SubtotalAmt
Other Decreases$712,872OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,088,980TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1,003 SHS BIGCOMMERCE HOLDINGS, INC.D2021-09-302021-10-04$51,092$3,009$48,083$48,083
64,232 SHS BARK, INC.D2021-09-022021-09-07$531,711$14,773$516,938$516,938
3,413 SHS SMART GLOBAL HOLDINGS, INC.D2021-09-022021-09-07$164,711$37,067$127,644$127,644
582 SHS AIRBNB, INC.D2021-09-302021-10-04$97,837$1,928$95,909$95,909
FieldValueIRS element (for citing)
Capital Gain Net Income$788,574CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$10,984InvestmentIncomeExciseTaxAmt
Subtotal$10,984SubtotalAmt
Tax Based On Investment Income$10,984TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$12,000EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$12,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$11EsPenaltyAmt
Overpayment$1,005OverpaymentAmt
Applied To ES Tax$1,005AppliedToESTaxAmt

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 StateMAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LARRY LESTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7816478160PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1180 ASH STREETAddressLine1Txt
CityWESTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP024931928ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES J PALLOTTA
2068 NORTH BAY ROADMIAMI BEACHFL33140TRUSTEE1.0$0$0$0
KIMBERLY S PALLOTTA
2068 NORTH BAY ROADMIAMI BEACHFL33140TRUSTEE1.0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. IT'S PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS,OTHER ORGANIZATIONS EXEMPT UNDER IRC 501(C)(3)Description1Txt

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$3,473,692AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,760,557AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,234,249TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$12,234,249AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$183,514CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,050,735NetVlNoncharitableAssetsAmt
Minimum Investment Return$602,537MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$602,537MinimumInvestmentReturnAmt
Tax Based On Investment Income$10,984TaxBasedOnInvestmentIncomeAmt
Total Tax$10,984TotalTaxAmt
Distributable Before Adj$591,553DistributableBeforeAdjAmt
Recoveries Qualfied Distri$558RecoveriesQualfiedDistriAmt
Distributable Before Ded$592,111DistributableBeforeDedAmt
Distributable As Adjusted$592,111DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,778,814ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$4,778,814QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$592,111DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$2,015,889ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,015,889TotalExcessDistributionCyovAmt
Qualifying Distributions$4,778,814QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$592,111AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,186,703RemainingDistriFromCorpusAmt
Total Corpus$6,202,592TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$6,202,592ExcessDistriCyovToNextYrAmt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$2,015,889ExcessFromYear1Amt
Excess From Current Year$4,186,703ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES J PALLOTTAContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJAMES J PALLOTTARecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12068 NORTH BAY ROADAddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33140ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7816478160RecipientPhoneNum
Form And Info And MaterialsWRITTEN REQUESTS MUST INCLUDE THE CHARITABLE FUNCTION OF THE APPLICANT.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONE.SubmissionDeadlinesTxt
Restrictions On AwardsNONE.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
SANTE FE INSTITUTE
1399 HYDE PARK ROADSANTA FENM87501NONEPCMultidisciplinary study of the fundamental principles of complex adaptive systems, including physical, computational, biological, and social systems.$1,250,000
3POINT FOUNDATION
1270 SOLDIERS FIELD ROADBOSTONMA02135NONEPCSeek to close the opportunity and achievement gap caused by economic inequality for underserved, low-income Boston elementary and middle school youth by providing free community-based programs that integrate project-based learning, athletics, dance, and other activities to foster the development of 21st century skills, social-emotional growth, and a growth mindset - all of which are crucial to future success$25,000
CAROLINA ART ASSOCIATION
135 MEETING STREETCHARLESTONSC29401NONEPCCultivation of the arts and art education.$350,000
THE MICHAEL J FOX FOUNDATION
GRAND CENTRAL STATIONNEW YORKNY10163NONEPCSeeks a cure for Parkinson's disease.$400,000POST OFFICE BOX 4777
MOTHER CAROLINE ACADEMY
515 Blue Hill AvenueBostonMA02121NONEPCGeneral Purpose$25,000
NORTH END ATHLETIC ASSOCIATION
154 Salem StreetBostonMA02113NONEPCGeneral Purpose$25,000
MASSACHUSETTS FALLEN HEROES
101-105 Northern AveBostonMA02210NONEPCGeneral Purpose$20,000
COMMUNITY-POLICE RELATIONS FOUNDATION
1510 NE 131 StreetNorth MiamiFL33161NONEPCGeneral Purpose$100,000
WEST PALM GOLF COMMUNITY TRUST INC
3535 MILITARY TRAILJUPITERFL33458NONEPCGeneral Purpose$500,000
BOSTON CHILDREN'S HOSPITAL TRUST
401 Park Drive Suite 602BostonMA02115NONEPCGeneral Purpose$250,000
TEAM IMPACT
500 Victory Rd 3rd FloorQuincyMA02171NonePCGeneral Purpose$50,000
NANTUCKET BOYS & GIRLS CLUB
61 Sparks AveNantucketMA02554NonePCGeneral Purpose$150,000
NANTUCKET GOLF CLUB FOUNDATION INC
250 Milestone Road PO Box 313SiasconsetMA02564NONEPCGeneral Purpose$101,000
FOLDS OF HONOR PALMETTO STATE CHAPTER
2607 Woodruff Road Suite 343SimpsonvilleSC29681NONEPCGeneral Purpose$100,000
THE BUONICONTI FUND TO CURE PARALYSIS
1095 NW 14 AveMiamiFL33136NONEPCGeneral Purpose$25,000
THE WORKER BEE FUND
67B North Mast StGoffstownNH03045NONEPCGeneral Purpose$16,814
GIBBES MUSEUM OF ART
135 Meeting StCharlestonSC29401NONEPCGeneral Purpose$35,000
ROBIN HOOD FOUNDATION
826 Broadway 9th FloorNew YorkNY10003NONEPCGeneral Purpose$1,000,000
COACHES FOR CHARACTER
411 Rivers Edge No814GreenvilleSC29601NONEPCGeneral Purpose$50,000
MCP EMERGENCY EMPLOYEE Relief Fund Inc
126 Seven Farms DR Suite 110Daniel IslandSC294928143NONEPCGeneral Purpose$200,000
YEAR UP
45 Milk St 9th FloorBostonMA02109NONEPCGeneral Purpose$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,772,814TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,153ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$497ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$788,574ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Exclusion01ExclusionCd
Exclusion$558ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$790,782ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$790,782TotalIncomeProducingActyAmt

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 PersonJames J PallottaContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12068 NORTH BAY ROADAddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33140ZIPCd
FieldValueIRS element (for citing)
Total Contributions$774,649TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
164,232 SHS Original Bark Co$537,9432021-09-02
13,413 SHS Smart Global Holdings$82,3042021-09-02
1582 SHS AIRBNB INC$97,5462021-09-30
11,003 SHS Big Comm Holdings Inc$51,8552021-09-30

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$5,000Amt
Disbursements Charitable Prps$5,000DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$3,462,275USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$3,462,275USGovtObligationsEOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCONTRIBUTED STOCK - DIFF OF FMV AND COSTDesc
Amt$712,872Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMASSACHUSETTS FILING FEEDesc
Revenue And Expenses Per Books$1,000RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$1,000DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther IncomeDesc
Revenue And Expenses Per Books$558RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
2020 FED BALANCE DUE$206,910
2021 FED ESTIMATE TAX$12,000

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