NEWTOWN SAVINGS BANK FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- NEWTOWN SAVINGS BANK FOUNDATION INC (EIN 06-1514980)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2022-08-12
- IRS object ID
- 202242249349100214
- Schema version
- 2020v4.2
- 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
- Schedule B
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-08-12T09:16:53-05:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042689883 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOLF & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 255 STATE STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061514980 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWTOWN SAVINGS BANK FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O NEWTOWN SAVINGS BANK | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWT | BusinessNameControlTxt |
| Phone | 2034264440 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 39 MAIN STREET | AddressLine1Txt |
| City | NEWTOWN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06470 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM J MCCARTHY | PersonNm |
| Person Title | SENIOR VICE PRESIDENT | PersonTitleTxt |
| Phone | 2034264440 | PhoneNum |
| Signature | 2022-08-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WILLIAM | PersonFirstNm |
| Person Last | MCCARTHY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 000008847 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HARRY A KALAJIAN JR CPA | PreparerPersonNm |
| PTIN | P00464296 | PTIN |
| Phone | 6174399700 | PhoneNum |
| Preparation | 2022-08-12 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $4,050,399 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $777,631 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $98,605 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $98,605 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $11,449 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $254,943 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $11,449 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $887,685 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $110,054 | 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 |
| Other Prof Fees Rev And Expnss | $26,131 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $26,131 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,500 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $27,631 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $26,131 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $105,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $105,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $133,131 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $26,131 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $105,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $754,554 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $83,923 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $70,479 | CashBOYAmt |
| Cash EOY | $224,973 | CashEOYAmt |
| Cash EOYFMV | $224,973 | CashEOYFMVAmt |
| Corporate Stock BOY | $1,294,062 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,875,973 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,875,973 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $1,379,346 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,949,453 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,949,453 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $2,743,887 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,050,399 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,050,399 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $2,743,887 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,743,887 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,306,512 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,743,887 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,050,399 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,743,887 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,050,399 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,743,887 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $754,554 | ExcessRevenueOverExpensesAmt |
| Other Increases | $551,958 | OtherIncreasesAmt |
| Subtotal | $4,050,399 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,050,399 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| AT&T CORP | P | 2020-02-24 | 2020-10-07 | $2,878 | $3,830 | -$952 | -$952 |
| AT&T CORP | P | 2020-02-24 | 2020-11-10 | $14,371 | $19,150 | -$4,779 | -$4,779 |
| BANKAMERICA CORP NEW | P | 2014-07-16 | 2020-11-10 | $2,744 | $1,554 | $1,190 | $1,190 |
| BARCLAYS BANK PLC TIER 2 NT5.1 10/14/2020 5.14% | P | 2011-01-05 | 2020-10-14 | $20,000 | $18,495 | $1,505 | $1,505 |
| CALIFORNIA STATEWIDE CMNTYS RE 06/01/2024 5.896% | P | 2019-03-05 | 2021-06-01 | $15,000 | $15,879 | -$879 | -$879 |
| CITIGROUP INC | P | 2014-07-16 | 2020-10-13 | $10,928 | $12,477 | -$1,549 | -$1,549 |
| CREDIT SUISSE AG LONDON SR MTN 04/29/2022 6.50% | P | 2019-04-25 | 2020-10-30 | $40,000 | $39,925 | $75 | $75 |
| EXXON MOBIL | P | 2001-06-25 | 2021-01-19 | $4,905 | $4,446 | $459 | $459 |
| FORD MOTOR CREDIT COMPANY SR M 06/20/2029 5.20% | P | 2019-06-17 | 2021-06-21 | $25,000 | $24,963 | $37 | $37 |
| INTERCONTINENTALEXCHANGE GRP C | P | 2013-11-14 | 2020-10-07 | $2,029 | $628 | $1,401 | $1,401 |
| JP MORGAN CHASE BANK NA STEP C 03/25/2031 5.00% | P | 2011-03-22 | 2021-03-25 | $20,000 | $20,000 | $0 | $0 |
| MORGAN STANLEY FINANCE LLC. AU 10/04/2020 7.50% | P | 2017-10-02 | 2020-10-02 | $35,000 | $35,025 | -$25 | -$25 |
| PROSHARES S&P MIDCAP 400 DIVID | P | 2018-12-27 | 2020-11-10 | $6,032 | $5,057 | $975 | $975 |
| S&P MID-CAP VALUE | P | 2007-06-18 | 2020-10-07 | $14,406 | $8,863 | $5,543 | $5,543 |
| S&P MID-CAP VALUE | P | 2008-12-26 | 2020-10-07 | $14,406 | $4,842 | $9,564 | $9,564 |
| S&P MID-CAP VALUE | P | 2017-07-10 | 2020-10-07 | $7,203 | $7,415 | -$212 | -$212 |
| S&P MID-CAP VALUE | P | 2018-02-05 | 2020-10-07 | $14,406 | $15,670 | -$1,264 | -$1,264 |
| WORCESTER MASS G/O BONDS LTD C 01/01/2028 6.25% | P | 2011-03-18 | 2021-01-08 | $5,000 | $5,275 | -$275 | -$275 |
| CAPITAL GAINS DIVIDENDS | P | $635 | $635 | $635 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $11,449 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,167 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,167 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,167 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $491 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $2,500 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,991 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $13 | EsPenaltyAmt |
| Overpayment | $1,811 | OverpaymentAmt |
| Applied To ES Tax | $1,811 | 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 | CT | 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 | WILLIAM J MCCARTHY | IndividualWithBooksNm |
| Phone | 2034264440 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O NEWTOWN SAVINGS BANK 39 MAIN | AddressLine1Txt |
| Address Line2 | STREET | AddressLine2Txt |
| City | NEWTOWN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06470 | 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 (13 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 |
|---|---|---|---|---|---|---|---|---|
| KENNETH L WEINSTEIN | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | PRESIDENT/DIRECTOR | 1.00 | $0 | $0 | $0 |
| WILLIAM J MCCARTHY | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | SVP | 1.00 | $0 | $0 | $0 |
| TANYA WULFF TRUAX | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | SECRETARY | 1.00 | $0 | $0 | $0 |
| CARRIE L AMOS | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| WILLIAM A BRIMMER JR | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ALAN J CLAVETTE | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JAMES A KENNEDY | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CAROL L MAHONEY | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN J MARTOCCI | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JAMES T MORLEY JR | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN F TRENTACOSTA | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| LAUREEN A TROTTO | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BRIAN C WHITE | ||||||||
| 39 MAIN STREET | NEWTOWN | CT | 06470 | DIRECTOR | 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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,353,083 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $335,986 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,689,069 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,689,069 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $55,336 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,633,733 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $181,687 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $181,687 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,167 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,167 | TotalTaxAmt |
| Distributable Before Adj | $180,520 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $180,520 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $180,520 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $105,500 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $105,500 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $105,500 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $180,520 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,274 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $105,500 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,274 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $102,226 | 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 | $78,294 | 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) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | WILLIAM J MCCARTHY | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NEWTOWN SAVINGS BANK 39 MAIN STREET | AddressLine1Txt |
| City | NEWTOWN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06470 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2034264440 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS SHOULD BE MADE IN WRITING | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS ARE LIMITED TO APPLICANTS IN THE NEWTOWN AND SURROUNDING AREA AND COMMUNITIES WITH NEWTOWN SAVINGS BANK BRANCHES | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (46 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ABRIHOMES FOR THE BRAVE | |||||||
| 655 PARK AVE | BRIDGEPORT | CT | 06604 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| BETHEL HIGH SCHOOL | |||||||
| 300 WHITTLESEY DRIVE | BETHEL | CT | 06604 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| BROOKFIELD SOCIAL SERVICES | |||||||
| 100 POCONO ROAD PO BOX 5106 | BROOKFIELD | CT | 06804 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| COMMUNITY SERVICES COUNCIL OF WOODBURY | |||||||
| PO BOX 585 | WOODBURY | CT | 06798 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| DANBURY HIGH SCHOOL | |||||||
| 43 CLAPBOARD RIDGE ROAD | DANBURY | CT | 06811 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| FOUNDATIONS IN EDUCATION | |||||||
| 238 JEWETT AVE | BRIDGEPORT | CT | 06606 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| HILLSIDE FOOD OUTREACH | |||||||
| 4B EAGLE ROAD | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $2,500 |
| HORIZONS OF NOTRE DAME | |||||||
| 220 JEFFERSON STREET | FAIRFIELD | CT | 06825 | NOT RELATED | PC | EXEMPT PURPOSE | $5,000 |
| KEVIN'S COMMUNITY CENTER | |||||||
| 27 HOSPITAL AVENUE SUITE 403 | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| LATINO SCHOLARSHIP FUND | |||||||
| PO BOX 3355 | DANBURY | CT | 06813 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| MONROE SCHOLARSHIP FUND | |||||||
| PO BOX 691 | MONROE | CT | 06468 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| OXFORD HIGH SCHOOL | |||||||
| 61 QUAKER FARMS ROAD | OXFORD | CT | 06478 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| POMPERAUG HIGH SCHOOL | |||||||
| 234 JUDD ROAD | SOUTHBURY | CT | 06488 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| SEYMOUR OXFORD FOOD BANK | |||||||
| PO BOX 178 | SEYMOUR | CT | 06483 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| SHEPHERDS INC | |||||||
| PO BOX 1756 | DARIEN | CT | 06820 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| SOUTHBURY FOOD BANK | |||||||
| PO BOX 68 | SOUTHBURY | CT | 06488 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| SPOONER HOUSE | |||||||
| 30 TODD ROAD | SHELTON | CT | 06484 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| THE CENTER FOR EMPOWERMENT AND EDUCATION | |||||||
| 2 WEST STREET | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $2,500 |
| THE COMMUNITY ACTION AGENCY OF WESTERN CONNECTICUT | |||||||
| 78 TRIANGLE STREET | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| THE HORD FOUNDATION | |||||||
| PO BOX 4671 | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| TOWN OF MONROE SOCIAL SERVICES | |||||||
| 7 FAN HILL ROAD | MONROE | CT | 06468 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| TRUMBULL DEPT OF SOCIAL SERVICES | |||||||
| 23 PRISCILLA PLACE | TRUMBULL | CT | 06611 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| TRUMBULL HIGH SCHOOL | |||||||
| 72 STROBEL ROAD | TRUMBULL | CT | 06611 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| WOMEN'S BUSINESS DEVELOPMENT COUNCIL INC | |||||||
| 184 BEDFORD STREET SUITE 201 | STAMFORD | CT | 06901 | NOT RELATED | PC | EXEMPT PURPOSE | $10,000 |
| WOODBURY SCHOLARSHIP FUND DOLLARS FOR SCHOLARS | |||||||
| PO BOX 716 | WOODBURY | CT | 06798 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| BRIDGEPORT RESCUE MISSION | |||||||
| PO BOX 9057 | BRIDGEPORT | CT | 06601 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| BROOKFIELD HIGH SCHOOL | |||||||
| 45 LONG MEADOW HILL ROAD | BROOKFIELD | CT | 06804 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| CT INSTITUTE FOR COMMUNITIES | |||||||
| 120 MAIN STREET 4TH FLOOR | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $10,000 |
| FAITH FOOD PANTRY OF NETOWN INC | |||||||
| PO BOX 53 | NEWTOWN | CT | 06470 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| IMMACULATE HIGH SCHOOL | |||||||
| 73 SOUTHERN BIULEVARD | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| LIFEBRIDGE COMMUNITY SERVICES | |||||||
| 475 CLINTON AVE | BRIDGEPORT | CT | 06605 | NOT RELATED | PC | EXEMPT PURPOSE | $5,000 |
| NEWTOWN SCHOLARSHIP ASSOCIATION | |||||||
| PO BOX 302 | NEWTOWN | CT | 06470 | NOT RELATED | PC | EXEMPT PURPOSE | $5,000 |
| SHELTON HIGH SHOOL | |||||||
| 120 MEADOW STREET | SHELTON | CT | 06484 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| THE COMMUNITY ACTION AGENCY OF WCT | |||||||
| 66 NORTH STREET | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| SHELTON EDC | |||||||
| 25 BROOK ST UNIT 203 | SHELTON | CT | 06484 | NOT RELATED | PC | EXEMPT PURPOSE | $500 |
| THE KENNEDY CENTER | |||||||
| 2440 RESERVOIR AVE | TRUMBULL | CT | 06611 | NOT RELATED | PC | EXEMPT PURPOSE | $2,500 |
| VALLEY UNITED WAY | |||||||
| 54 GROVE STREET NO 1 | SHELTON | CT | 06484 | NOT RELATED | PC | EXEMPT PURPOSE | $2,500 |
| TEAM INC | |||||||
| 30 ELIZABETH STREET | DERBY | CT | 06418 | NOT RELATED | PC | EXEMPT PURPOSE | $4,000 |
| REGIONAL YMCA OF WCT | |||||||
| 293 MAIN STREET | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| MERCY LEARNING CENTER | |||||||
| 637 PARK AVE | BRIDGEPORT | CT | 06604 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| UNITED WAY OF WCT | |||||||
| 301 MAIN ST SUITE 2-5 | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $8,000 |
| THE NEW AMERICAN DREAM | |||||||
| 32 FAIRVIEW AVE 3RD FLOOR | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $2,500 |
| WOMEN'S CENTER OF GREATER DANBURY | |||||||
| 2 WEST STREET | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $2,500 |
| REGIONAL HOSPICE | |||||||
| 30 MILESTONE ROAD | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $5,000 |
| TBICO | |||||||
| 6 FINANCE DRIVE | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $1,000 |
| AMERIVAN MANUFACTURING HARRL OF FAME HOUSA | |||||||
| 900 LAFAYETTE BLVD | BRIDGEPORT | CT | 06604 | NOT RELATED | PC | EXEMPT PURPOSE | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $105,500 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BUILDING NEIGHBORHOODS TOGETHER | |||||||
| 570 STATE STREET | BRIDGEPORT | CT | 06604 | NOT RELATED | PC | EXEMPT PURPOSE | $13,000 |
| WOMEN'S CENTER OF GREATER DANBURY | |||||||
| 2 WEST STREET | DANBURY | CT | 06810 | NOT RELATED | PC | EXEMPT PURPOSE | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $18,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $98,605 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $11,449 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $110,054 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $110,054 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEWTOWN SAVINGS BANK | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 39 MAIN STREET | AddressLine1Txt |
| City | NEWTOWN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06470 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $777,631 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | STOCKS | StockNm |
| EOY Book Value | $1,875,973 | EOYBookValueAmt |
| EOYFMV | $1,875,973 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| EXCHANGE TRADED FUNDS (ETFS) | FMV | $731,231 | $731,231 |
| FIXED INCOME (BONDS) | FMV | $1,192,861 | $1,192,861 |
| MUTUAL FUNDS | FMV | $25,361 | $25,361 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET CHANGE IN UNREALIZED GAINS/LOSSES | Desc |
| Amt | $551,958 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT | CategoryTxt |
| Amt | $26,131 | Amt |
| Net Investment Income | $26,131 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $1,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Comments