RCB CHARITABLE FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- RCB CHARITABLE FOUNDATION INC (EIN 04-3466878)
- Tax period
- 2021-05-01 to 2022-04-30
- Filed
- 2022-09-06
- IRS object ID
- 202232499349100863
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-06T15:42:39-05:00 | ReturnTs |
| Tax Period End | 2022-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010494526 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Newman & Noyes | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 507 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043466878 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RCB Charitable Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RCBC | BusinessNameControlTxt |
| Phone | 7819425006 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 Haven Street | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01867 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Anthony J Patti | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 7819425006 | PhoneNum |
| Signature | 2022-09-01 | 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 | Patti | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicholas E Porto | PreparerPersonNm |
| PTIN | P01310283 | PTIN |
| Phone | 2078792100 | PhoneNum |
| Preparation | 2022-08-29 | 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 | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $911,969 | 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 | $13 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $13 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $41,778 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $41,778 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $54,114 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $195,314 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $54,114 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$172 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $95,733 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $95,905 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,300 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,300 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $14,372 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $14,372 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,352 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $15 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $186 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $186 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $20,510 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $15,687 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,486 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $126,010 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $126,010 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $146,520 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $15,687 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $127,496 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$50,787 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $80,218 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $19,232 | CashBOYAmt |
| Cash EOY | $14,263 | CashEOYAmt |
| Cash EOYFMV | $14,263 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $15,443 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $9,977 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $9,977 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $184,693 | CorporateStockBOYAmt |
| Corporate Stock EOY | $137,507 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $137,507 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $885,182 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $750,222 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $750,222 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $1,104,550 | TotalAssetsBOYAmt |
| Total Assets EOY | $911,969 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $911,969 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,102,683 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $910,102 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $1,867 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $1,867 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,104,550 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $911,969 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,104,550 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $911,969 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,104,550 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$50,787 | ExcessRevenueOverExpensesAmt |
| Other Increases | $12,150 | OtherIncreasesAmt |
| Subtotal | $1,065,913 | SubtotalAmt |
| Other Decreases | $153,944 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $911,969 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| Publicly Traded Securities | $175,633 | $141,200 | $34,433 | $34,433 | |
| Capital Gains Dividends | $19,681 | $19,681 | $19,681 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $54,114 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,115 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,115 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,115 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,593 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,593 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,478 | OverpaymentAmt |
| Applied To ES Tax | $1,478 | 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 | MA | 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 | http://readingcoop.com/charitable-foundation/ | WebsiteAddressTxt |
| Individual With Books | Anthony J Patti | IndividualWithBooksNm |
| Phone | 7819425006 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 Haven Street | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01867 | 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 | Yes (1) | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | Yes (1) | ActsFailToQlfyAsExceptionsInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| 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 (12 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 |
|---|---|---|---|---|---|---|---|---|
| Terrence J Bane | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Sally Boemer Mason | ||||||||
| 180 Haven Street | Reading | ME | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Paul Bolger | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Yvonne Garcia | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director (start Feb 2022) | 1.00 | $0 | $0 | $0 |
| Michael J Linnane | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| James M Liston | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| James J O'Leary | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Kevin R Powers | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Kevin F Smith | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Abel Vargas | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Director | 1.00 | $0 | $0 | $0 |
| Julieann M Thurlow | ||||||||
| 180 Haven Street | Reading | MA | 01867 | President | 1.00 | $0 | $0 | $0 |
| Anthony J Patti | ||||||||
| 180 Haven Street | Reading | MA | 01867 | Treasurer & Clerk | 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 | $999,048 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $35,224 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,827 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,036,099 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,036,099 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $15,541 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,020,558 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $51,028 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $51,028 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,115 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,115 | TotalTaxAmt |
| Distributable Before Adj | $49,913 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $49,913 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $49,913 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $127,496 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $127,496 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $49,913 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $54,447 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $71,234 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $68,386 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $69,033 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $75,426 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $338,526 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $127,496 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $49,913 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $77,583 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $416,109 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $54,447 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $361,662 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $71,234 | ExcessFromYear4Amt |
| Excess From Year3 | $68,386 | ExcessFromYear3Amt |
| Excess From Year2 | $69,033 | ExcessFromYear2Amt |
| Excess From Year1 | $75,426 | ExcessFromYear1Amt |
| Excess From Current Year | $77,583 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Shanna F Cahalane VP Director of Ma | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walkers Brook Drive | AddressLine1Txt |
| City | Reading | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01867 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7819425000 | RecipientPhoneNum |
| Recipient Email Address | scahalane@readingcoop.com | RecipientEmailAddressTxt |
| Form And Info And Materials | To apply for a grant, an applicant must be a non-profit 501(c)(3) organization or public school located in or serving the towns of Andover, Burlington, North Reading, Reading, Wilmington, or Woburn. To apply for funding, applicants must submit: (1) a cover letter signed by the organization's Executive Director or Board President; along with (2) one paper copy and one pdf of a brief proposal (2-3 pages); and (3) the completed Proposal Summary Sheet. The Proposal Summary Sheet and complete application instructions are available on the website: https://readingcoop.com/uploads/PDFs/Charitable_Foundation_Donation_Request .pdf | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | The Charitable Foundation awards grants of up to $10,000 to increase the quality of life in the greater market area, with special emphasis on projects which focus on disadvantaged or underserved citizens. Primary areas of commitment are workforce development, health and human services, housing, education, community development, the environment, and the arts. Grant requests will be considered for program support, seed money, and capital improvements. The Charitable Foundation will not fund political or sectarian activities. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (45 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Andover Center for History & Culture | |||||||
| 97 Main Street | Andover | MA | 01810 | N/A | PC | Bronze Sponsor - Antique Car Show | $250 |
| Boy Scouts of America - Troop 126 | |||||||
| 25 Shady Land Drive | Wilmington | MA | 01887 | N/A | PC | General Support | $100 |
| Bread and Roses Inc | |||||||
| 58 Newbury Street | Lawrence | MA | 01840 | N/A | PC | Fighting hunger | $1,000 |
| Burbank YMCA | |||||||
| 36 Arthur B Lord Drive | Reading | MA | 01867 | N/A | PC | Scoreboard - Capital Campaign | $15,250 |
| Cops For Kids With Cancer | |||||||
| PO Box 850956 | Braintree | MA | 02185 | N/A | PC | General Support | $250 |
| Dana Farber Cancer Institute Inc | |||||||
| 10 Brookline Place | Brookline | MA | 02445 | N/A | PC | Jimmy Fund | $200 |
| Eliot Community Human Services | |||||||
| 125 Hartwell Avenue | Lexington | MA | 02421 | N/A | PC | The NAN Project | $1,000 |
| Entrepreneurship for All | |||||||
| 175 Cabot Street 100 | Lowell | MA | 01854 | N/A | PC | Supports Spanish-speaking entrepreneurs in Lawrence | $5,000 |
| Essex County Community Foundation | |||||||
| 175 Andover Street 101 | Danvers | MA | 01923 | N/A | PC | Greater Lawrence Summer Fund | $1,000 |
| Family & Children's Service of Greater Lynn | |||||||
| 111 North Common Street | Lynn | MA | 01902 | N/A | PC | Thanksgiving meal for a family of 4 | $500 |
| Family Services of the Merrimack Valley | |||||||
| 430 North Canal Street | Lawrence | MA | 01840 | N/A | PC | Uncommon Threads | $1,000 |
| Friends of North Reading Parks and Recreation Committee | |||||||
| 235 North Street | North Reading | MA | 01864 | N/A | PC | SummerScape | $2,850 |
| Girls Inc of Lynn | |||||||
| 50 High Street | Lynn | MA | 01902 | N/A | PC | General Support | $500 |
| Greater Lawrence Community Action Council | |||||||
| 305 Essex Street | Lawrence | MA | 01840 | N/A | PC | $10,000 final pledge payment; $2,500 for 2 planters in Downtown Lawrence | $12,500 |
| Greater Lynn Senior Services | |||||||
| 8 Silsbee Street | Lynn | MA | 01901 | N/A | PC | 2022 Conversation for Caring Training Program | $1,000 |
| Ipswich River Watershed Association | |||||||
| 143 County Road | Ipswich | MA | 01938 | N/A | PC | Water quality monitoring program | $1,000 |
| Lawrence Boys and Girls Club Inc | |||||||
| 136 Water Street | Lawrence | MA | 01841 | N/A | PC | Summer Programs | $5,000 |
| Lawrence Neighborhood Association Partnership | |||||||
| PO Box 1124 | Lawrence | MA | 01842 | N/A | PC | 4th of July Fireworks | $500 |
| Lawrence Partnership | |||||||
| 420 Common Street | Lawrence | MA | 01840 | N/A | PC | General Support | $7,500 |
| LEADS Inc | |||||||
| 17 Ferry Street | Lawrence | MA | 01841 | N/A | PC | Event Sponsorship | $10,000 |
| Lynn Rotary Charitable Corp | |||||||
| 85 Exchange Street | Lynn | MA | 01901 | N/A | PC | Provide dictionaries to all 3rd graders in Lynn | $4,200 |
| Maddie's Promise | |||||||
| 5 Heather Lane | Hingham | MA | 02043 | N/A | PC | Hole Sponsor - Maddie's Promise 1st Annual Golf Tournament | $175 |
| Massachusetts Lions Eye Research Fund Inc | |||||||
| 43 Stewart Terrace | Belmont | MA | 02478 | N/A | PC | Reading Lions Club; General Support | $1,000 |
| Massachusetts Taxpayers Foundation | |||||||
| 333 Washington Street Suite 853 | Boston | MA | 02108 | N/A | PC | General Support | $5,000 |
| Minuteman Senior Services | |||||||
| 26 Crosby Drive | Bedford | MA | 01730 | N/A | PC | Healthy Connections Program | $1,000 |
| Mission of Deeds Inc | |||||||
| 6 Chapin Avenue | Reading | MA | 01867 | N/A | PC | $2,250 Modfest; $769 Annual Blanket Drive; | $3,019 |
| Mystic Valley Elder Services Inc | |||||||
| 300 Commercial Street Suite 19 | Malden | MA | 02148 | N/A | PC | Elder Services | $5,000 |
| North Reading Council on Aging | |||||||
| 20 Elm Street | North Reading | MA | 01864 | N/A | PC | Thanksgiving Dinners | $3,000 |
| Reading Rotary Charitable Trust | |||||||
| PO Box 61 | Reading | MA | 01867 | N/A | PC | $1,000 Reading Fall Street Faire; $250 Polar Plunge to End Polio | $1,250 |
| Reading Scholarship Foundation | |||||||
| PO Box 492 | Reading | MA | 01867 | N/A | PC | Student Scholarships | $1,500 |
| Samantha's Harvest Company Inc | |||||||
| PO Box 425 | Reading | MA | 01867 | N/A | PC | General Support | $100 |
| Scholarship America | |||||||
| 7900 International Drive Suite 500 | Minneapolis | MN | 55425 | N/A | PC | $1,000 Burlington Community Scholarship Foundation | $1,000 |
| Socratic Inc | |||||||
| 349 Essex Street | Lawrence | MA | 01840 | N/A | PC | Silver Sponsor - Make a Difference Night | $1,000 |
| Stoneham Theater Corporation dba Greater Boston Stage Company | |||||||
| 395 Main Street | Stoneham | MA | 02180 | N/A | PC | General Support | $10,000 |
| Straight Ahead Ministries | |||||||
| 791 Main Street | Worcester | MA | 01610 | N/A | PC | Re-entry work with young offenders | $1,000 |
| The Professional Center for Child Development | |||||||
| 32 Osgood Street | Andover | MA | 01810 | N/A | PC | 2021 Trot for Special Tots Road Race | $500 |
| The Red Sox Foundation | |||||||
| 4 Jersey Street | Boston | MA | 02215 | N/A | PC | General Support | $100 |
| Town of Andover | |||||||
| 36 Bartlett Street | Andover | MA | 01810 | N/A | GOV | Senior Center | $6,666 |
| Town of Burlington | |||||||
| 61 Center Street | Burlington | MA | 01803 | N/A | GOV | Celebrate Burlington 2021 | $1,200 |
| Town of Reading | |||||||
| PO Box 771 | Reading | MA | 01867 | N/A | GOV | $2,500 for the Trust for 625 Main Street Fund | $2,500 |
| Town of Wilmington | |||||||
| 142 Middlesex Avenue | Wilmington | MA | 01887 | N/A | GOV | Wilmington High School Choral & Theatre Support | $300 |
| University of Massachusetts | |||||||
| 215 Whitmore Building | Amherst | MA | 01003 | N/A | GOV | Scholarship | $1,000 |
| Wilmington Youth Lacrosse Association | |||||||
| PO Box 172 | Wilmington | MA | 01887 | N/A | PC | General Support | $100 |
| Winchester Hospital | |||||||
| 41 Highland Avenue | Winchester | MA | 01890 | N/A | PC | Granite Bench in memory of Gene Loubier | $7,500 |
| YMCA of Metro North | |||||||
| 2 Centennial Drive | Peabody | MA | 01960 | N/A | PC | Bronze Sponsor - Road Race Series | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $126,010 | 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 | $13 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,778 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $54,114 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Net K-1 Activity | Desc |
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$172 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$172 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $95,905 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $95,733 | 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 | $2,600 | Amt |
| Net Investment Income | $1,300 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,300 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (56 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 23 units Abbvie Inc | $3,378 | $3,378 |
| 8 units Advance Auto Parts | $1,597 | $1,597 |
| 33 units Ally Financial | $1,319 | $1,319 |
| 2 units Alphabet Inc | $4,564 | $4,564 |
| 1 unit Amazaon.com | $2,486 | $2,486 |
| 20 units American Express | $3,494 | $3,494 |
| 20 units Apple Inc | $3,153 | $3,153 |
| 84 units Bank of America Corp | $2,997 | $2,997 |
| 31 units Bank of New York Mellon Corp | $1,304 | $1,304 |
| 17 units Best Buy Co | $1,529 | $1,529 |
| 5 units Broadcom Inc | $2,772 | $2,772 |
| 41 units Cardinal Helath Inc | $2,380 | $2,380 |
| 11 units Carter's | $927 | $927 |
| 22 units Chevron Corp | $3,447 | $3,447 |
| 34 units CMS Energy CP | $2,335 | $2,335 |
| 76 units Comcast Corp | $3,022 | $3,022 |
| 16 units Eastman Chemical Company | $1,643 | $1,643 |
| 17 units EOG Resources Inc | $1,985 | $1,985 |
| 5 units Everest RE Group LTD | $1,374 | $1,374 |
| 47 units Exelon Corp | $2,199 | $2,199 |
| 13 units Extra Space Storage Inc | $2,470 | $2,470 |
| 21 units Genuine Parts Co | $2,731 | $2,731 |
| 37 units Gilead Science | $2,196 | $2,196 |
| 39 units Highwoods Properties | $1,593 | $1,593 |
| 11 units Home Depot Inc | $3,304 | $3,304 |
| 31 units HP Inc | $1,136 | $1,136 |
| 78 units Interpublic Group of Companies Inc | $2,544 | $2,544 |
| 64 units Jefferies Final Group Inc | $1,969 | $1,969 |
| 40 units Johnson & Johnson | $7,218 | $7,218 |
| 39 units JP Morgan Chase & Co | $4,655 | $4,655 |
| 79 units Keycorp | $1,525 | $1,525 |
| 12 units LyondellBasell NV CL-A | $1,272 | $1,272 |
| 10 units Mastercard Inc | $3,634 | $3,634 |
| 28 units MDC Holdings Inc | $1,033 | $1,033 |
| 33 units Medtronic PLC | $3,444 | $3,444 |
| 40 units Merck & Co Inc | $3,548 | $3,548 |
| 12 units Microsoft Corp | $3,330 | $3,330 |
| 80 units MPLX LP | $1,827 | $1,827 |
| 30 units Netapp Inc | $2,198 | $2,198 |
| 27 units Nutrien LTD | $2,653 | $2,653 |
| 6 units Nvidia Corp | $1,113 | $1,113 |
| 94 units Old Republic International | $2,069 | $2,069 |
| 10 units PNC Finl Svcs GP | $1,661 | $1,661 |
| 31 units Portland General Electric Co | $1,467 | $1,467 |
| 23 units Qualcomm Inc | $3,213 | $3,213 |
| 17 Units Salesforce Inc | $2,991 | $2,991 |
| 12 units Snap On Inc | $2,550 | $2,550 |
| 30 units Stag Indl Inc | $1,120 | $1,120 |
| 16 units Texas Instruments | $2,724 | $2,724 |
| 6 units Thermo Fisher Scientific | $3,318 | $3,318 |
| 30 units TJX Companies Inc | $1,838 | $1,838 |
| 14 units Totalenergies SE | $682 | $682 |
| 8 units Unitedhealth GP Inc | $4,068 | $4,068 |
| 48 units Walgreens Boots Alliance Inc | $2,035 | $2,035 |
| 26 units Walt Disney Co | $2,902 | $2,902 |
| 36 units Wells Fargo & Co | $1,571 | $1,571 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 19.133 units Invesco Prem US Govt Mny Inst | FMV | $19,133 | $19,133 |
| 822.513 units Allspring Emerg Mkts Eq Inst | FMV | $20,793 | $20,793 |
| 8451.480 units Blackrock Global Allocation I | FMV | $156,437 | $156,437 |
| 1113.841 units Calamos Growth & Income I | FMV | $43,250 | $43,250 |
| 16167.822 units Delaware Diversified Inc | FMV | $130,474 | $130,474 |
| 1637.686 units Diamond Hill Long Short I | FMV | $44,922 | $44,922 |
| 2222.96 units First Eagle Global I | FMV | $136,966 | $136,966 |
| 2101.696 units Franklin Gold & Precious Metals | FMV | $50,146 | $50,146 |
| 416.699 units Harding Loevner Emerging Markets | FMV | $18,743 | $18,743 |
| 6972.875 units Pimco All Asset | FMV | $83,117 | $83,117 |
| 5478.841 units Templeton Global | FMV | $46,241 | $46,241 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Unrealized loss on investments | $148,944 |
| Charitable grants disqualified due to indirect self-dealing | $2,800 |
| Charitable grants disqualified due to non-qualified recipient | $2,200 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Filing Fees | $54 | $0 | $0 | $54 |
| Office Expenses | $132 | $0 | $0 | $132 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Net K-1 Activity | Desc |
| Revenue And Expenses Per Books | -$172 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Correction of prior year disqualified grants | $9,350 |
| Correction of current year disqualified grants | $2,800 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $14,372 | Amt |
| Net Investment Income | $14,372 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Foreign Tax | $15 | $15 | $0 | $0 |
| Excise Tax | $3,337 | $0 | $0 | $0 |
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