BETA

RALPH R PAPITTO AND BARBARA A PAPITTO PRIVATE FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RALPH R PAPITTO AND BARBARA A PAPITTO PRIVATE FAMILY FOUNDATION (EIN 85-4150612)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-18
IRS object ID
202223229349100002
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)
Return2022-11-18T06:51:11-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN050479760PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDSAGER BARTLETT & PIERONI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11275 WAMPANOAG TRAILAddressLine1Txt
CityEAST PROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02915ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN854150612EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RALPH R PAPITTO AND BARBARA A PAPITTOBusinessNameLine1Txt
Business Name Line2PRIVATE FAMILY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRALPBusinessNameControlTxt
Phone4012761236PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 WATER VALLEY ROADAddressLine1Txt
CityHOPECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02831ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBARBARA A PAPITTOPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone4012761236PhoneNum
Signature2022-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBARBARAPersonFirstNm
Person LastPAPITTOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDWARD P PIERONIPreparerPersonNm
PTINP00189634PTIN
Phone4012729100PhoneNum
Preparation2022-11-17PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Application PendingYes (X)ApplicationPendingInd
Initial Return Former Pub ChrtyYes (X)InitialReturnFormerPubChrtyInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$20,662,543FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$34,600,145ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$204,601DividendsRevAndExpnssAmt
Dividends Net Invst Incm$197,718DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$10,106,439NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$29,278,887GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$10,106,439CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$44,911,185TotalRevAndExpnssAmt
Total Net Invst Incm$10,304,157TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$504,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$180,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$144,000CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$21,724LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,313AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$247,331OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$9,309InterestRevAndExpnssAmt
Interest Net Invst Incm$0InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$4,855TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$7,200DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss$98,490OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$0OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$119,168TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$0TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,038,537OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$48,136OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,051,927TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$228,136TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$144,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,689,225ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,689,225ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$14,741,152TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$228,136TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$12,833,225TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$30,170,033ExcessRevenueOverExpensesAmt
Net Investment Income$10,076,021NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$6,450,865CashEOYAmt
Cash EOYFMV$6,450,865CashEOYFMVAmt
Other Nts And Loans Rcvbl$874,000OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$0OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$874,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$874,000OtherNtsAndLoansRcvblEOYFMVAmt
Corporate Stock BOY$0CorporateStockBOYAmt
Corporate Stock EOY$12,271,527CorporateStockEOYAmt
Corporate Stock EOYFMV$12,769,441CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$575,437LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,200LandBldgEquipAccumDeprecAmt
Land BOY$0LandBOYAmt
Land EOY$568,237LandEOYAmt
Land EOYFMV$568,237LandEOYFMVAmt
Total Assets BOY$0TotalAssetsBOYAmt
Total Assets EOY$20,164,629TotalAssetsEOYAmt
Total Assets EOYFMV$20,662,543TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$0RetainedEarningBOYAmt
Retained Earning EOY$20,164,629RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$0TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,164,629TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,164,629TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$0TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$30,170,033ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$30,170,033SubtotalAmt
Other Decreases$10,005,404OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$20,164,629TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BOA -CAPITAL GAIN REPORT AVAILABLE UPON REQUESTP$7,083,506$6,456,498$627,008$627,008
BOA -CAPITAL GAIN REPORT AVAILABLE UPON REQUESTP$781,879$793,735-$11,856-$11,856
BOA -CAPITAL GAIN REPORT AVAILABLE UPON REQUESTP$17,705,280$9,948,797$7,756,483$7,756,483
BOA -CAPITAL GAIN REPORT AVAILABLE UPON REQUESTP$3,703,516$1,973,418$1,730,098$1,730,098
CAPITAL GAINS DIVIDENDSP$4,706$4,706$4,706
FieldValueIRS element (for citing)
Capital Gain Net Income$10,106,439CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$140,057InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$140,057SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$140,057TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$190,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$190,000TotalPaymentsAndCreditsAmt
Es Penalty$3,316EsPenaltyAmt
Overpayment$46,627OverpaymentAmt
Applied To ES Tax$46,627AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateRIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressWWW.POCFOUNDATION.COMWebsiteAddressTxt
Individual With BooksJOHN TARANTINOIndividualWithBooksNm
Phone4012701236PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1100 WESTMINSTER STREET SUITE 105AddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BARBARA PAPITTO
6 WATER VALLEY RDHOPERI02831TRUSTEE20.00$120,000$0$0
JOHN TARANTINO
1 CITIZENS PLAZA 8TH FLOORPROVIDENCERI02903MANAGING TRUSTEE40.00$264,000$0$0
EDWARD PIERONI
1275 WAMPANOAG TRAIL SUITE 1EAST PROVIDENCERI02915TRUSTEE8.00$120,000$0$0
TING BARNARD
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
SAIMA CHAUDHRY
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
ANDREW CORTES
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
FRED BUTLER
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
DENNIS COLEMAN
100 WESTMINSTER STPROVIDENCERI02903BOARD MEMBER0.00$0$0$0
PAOLA FERNANDEZ
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
MARCIA GONCALVES
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
ARNELL MILLHOUSE
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
LOREN SPEARS
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
JUNIOR JABBIE
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
MARCY REYES
100 WESTMINSTER ST SUITE 105PROVIDENCERI02903BOARD MEMBER0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
THE PERRY GROUP
317 IRON HORSE WAY SUITE 100PROVIDENCERI02908MARKETING AND PUBLIC REALTIONS$265,392
IAN TRAVIS BARNARD PHOTOGRAPHY
315 SLATER AVENUEPROVIDENCERI02906WEB DESIGN, MARKETING, PHOTO AND VIDEO$199,292
TFMCABE BDA PERFORMANCE CONCEPTS
100 WESTMINSTER STREETPROVIDENCERI02903TECHNICAL ASSISTANCE$190,928
CAREERDEVS COMPUTER SCIENCE INSTITUTE
100 NIANTIC AVEPROVIDENCERI02907BRANDING, SALESFORCE TRAINING AND OUTREACH$102,054
JETT ROSE MEDIA GROUP
212 CALLA STREETPROVIDENCERI02905MEDIA CONSULTING$99,014
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DEVELOPED AND BRANDED THE TRANSFORM RHODE ISLAND SCHOLARSHIP ANNUAL EVENT. THE PROGRAM KICKED OFF IN OCTOBER 2021 AND ENCOURGAED HIGH SCHOOL STUDENTS FROM THE BIPOC COMMUNITES TO PARTICIPATE IN A CONTEST TO ANSWER ONE QUESTION, "IF YOU HAD $1 MILLION, HOW WOULD YOU IMPROVE RHODE ISLAND'S COMMUNITIES OF COLOR?". THIS HAD AS ITS SUB-CAMPAIGN A PROGRAM DIRECTED AT BIPOC STUDENTS BASED ON FOUR CORE PILLARS: TRANSFORMATION, INSPRIATION, RHODE ISLAND AND THE POWER OF YOUTH. THE FULL IMPACT OF THE "TRIS" PROGRAM WAS NOT REALIZED UNTIL THE 2022 TAX YEAR. ADDITIONAL INFROMATION ABOUT THE TRIS PROGRAM AND ITS INITAL RESULTS CAN BE FOUND ON OUR WEBSITE AT WWW.POCFOUNDATION.COMDescription1Txt
Expenses1$150,000Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION HAS INVESTED IN SEVERAL MICROLOAN PROGRAMS THAT ARE ADMINISTERED BY COMMUNITY SERVICE ORGANIZATIONS WORKING IN RHODE ISLAND'S COMMUNITIES OF COLOR. THESE PROGRAMS ARE ADMINISTERED BY THE RHODE ISLAND BLACK BUSINESS ASSOCIATION, RHODE ISLAND HISPANIC CHAMBER OF COMMERCE , AND THE CENTER FOR SOUTHEAST ASIANS. EACH OF THESE ORGANIZATIONS HAS SET ITS OWN LENDING LIMITS AND ELIGIBILTY CRITERIA. THE FOUNDATION ALSO MAKES A LIMITED NUMBER OF LARGER MICROLOANS AVAILABLE TO FOR-PROFIT BUSINESSES DOMICLIED IN THE STATE OF RHODE ISLAND AND THAT ARE OWNNED AND OPERATED BY A PERSON OR PERSONS OF COLOR. THESE MICROLOANS ARE GNERALLY GRANTED FOR AMOUNTS BETWEEN $10,000 AND $99,000 PAID ANNUALLY OVER 10 YEARS AT 1% INTEREST. ALL MICROLOAN RECIPIENTS ARE REQUIRED TO MAKE AN APPLICATION, ANSWER QUESTIONS AND EXECUTE A LOAN AGREEMENT AND NOTE. FOR MORE INFORMATION PLEASE GO TO OUR WEBSITE WWW.POCFOUNDATION.COMDescription1Txt
Expenses1$874,000Expenses1Amt
Total$874,000TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$13,316,386AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,569,652AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,886,038TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$17,886,038AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$268,291CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,617,747NetVlNoncharitableAssetsAmt
Minimum Investment Return$880,887MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$880,887MinimumInvestmentReturnAmt
Tax Based On Investment Income$140,057TaxBasedOnInvestmentIncomeAmt
Total Tax$140,057TotalTaxAmt
Distributable Before Adj$740,830DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$740,830DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$740,830DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$12,833,225ExpensesAndContributionsAmt
Program Related Invst Total$874,000ProgramRelatedInvstTotalAmt
Qualifying Distributions$13,707,225QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$740,830DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$13,707,225QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$740,830AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,966,395RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$12,966,395TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$12,966,395ExcessDistriCyovToNextYrAmt
Excess From Current Year$12,966,395ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBARBARA PAPITTOContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJOHN TARANTINORecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1100 WESTMINSTER STREET SUITE 105AddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02903ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4012761236RecipientPhoneNum
Recipient Email AddressGPERRY@POCFOUNDATION.COMRecipientEmailAddressTxt
Form And Info And MaterialsGRANT APPLICATIONS CAN BE OBTAINED FROM OUR WEBSITE. INFORMATION WE REQUIRE INCLUDE: MISSION, BUDGET, OVERVIEW OF COMMUNITIES SERVED ANNUALLY, PERCENTAGE OF BIPOC BEING SERVED, DIVERSITY OF STAFF AND LEADERSHIP.IF YOU ARE MAKING A REQUEST FOR AN EXISTING PROGRAM, WE WANT TO KNOW HOW YOU HAVE DONE SO FAR AND WHETHER THE PROGRAM HAS WORKED AND CONSISTENT WITH OUR MISSION.FormAndInfoAndMaterialsTxt
Submission DeadlinesGENERALLY,SUBMISSION DATES ARE JUNE 1, AND DECEMBER 1 OF EACH YEAR THROUGH THE WEBSITE PORTAL.SubmissionDeadlinesTxt
Restrictions On AwardsTHERE ARE SEVERAL CATEGORIES OF ACTIVITES THAT WE DO NOT FUND: BULIDING CONSTRUCTION,CAPITAL CAMPAIGNS, LOBBYING AND POLITICAL EVENTS.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (45 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
THE RI FOUNDATION
1 UNION STATIONPROVIDENCERI02903NONEEXEMPTTO FUND PROVIDENCE PUBLIC SHOOLS AND SMART CLINICS$600,000
AFRICAN AMERICAN HERITAGE FOUNDATION
209 DOUGLAS AVEPROVIDENCERI02908NONEEXEMPTGENERAL FUND$75,000
ART CONNECTION RHODE ISLAND
36 PARK PLACE 2PAWTUCKETRI02860NONEEXEMPTTO FUND ART WORKSHOP PROGRAMS$7,000
BEAUTIFUL DAY
66 BENEFIT STPROVIDENCERI02904NONEEXEMPTGENERAL FUND$100,000
BROWN UNIVERSITY
164 ANGEL ST- BOX 1938PROVIDENCERI02912NONEEXEMPTTO FUND WRAP-AROUND SERVICES FOR BIPOC MASTERS STUDENTS IN EDUCATION$38,400
BUILDING FUTURES RHODE ISLAND
ONE ACOM STPROVIDENCERI02903NONEEXEMPTTO FUND SCHOLARSHIPS FOR AN APPRENTICESHIP PROGRAM FOR THE BULIDING TRADES$500,000
BUTTON HOLE
ONE BUTTON HOLE DRPROVIDENCERI02909NONEEXEMPTTO FUND PROGRAM TO EXPAND RECREATIONAL GOLF TO INNER CITY YOUTH$200,000
CAREER DEVS COMPUTER SCIENCE
72 PRESIDENT AVEPROVIDENCERI02903NONEEXEMPT-EDUCATIONTO FUND SCHOLARSHIPS FOR JOB TRAINING IN THE FIELD OF TECHNOLOGY$700,000
CENTER FOR SOUTHEAST ASIANS
270 ELMWOOD AVEPROVIDENCERI02907NONEEXEMPTTO FUND FOOD INSECURITY PROGRAMS$721,316
CENTRAL FALLS CHILDREN'S FOUNDATION
580 BROAD STCENTRAL FALLSRI02863NONEEXEMPTGENERAL FUND$253,660
CENTRAL FALLS HIGH SCHOOL
24 SUMMER STCENTRAL FALLSRI02863NONEEXEMPTTO FUND UNIFORMS OF GIRLS VOLLYBALL TEAM$2,000
COMMUNITY MUSIC WORKS
1392 WESTMINSTER STPROVIDENCERI02909NONEEXEMPTTO FUND CENTER AND MUSIC PROGRAMS$200,000
CORE COLLABORATIVES
250 MAIN ST BOX B1PAWTUCKETRI02860NONEEXEMPTTO FUND THE HALO PROJECTS ENTREPRENEUR TRAINING AND HOUSING PROGRAM FOR BIPOC PERSONS$300,000
DORCAS INTERNATIONAL INSTITUTE OF RI
645 ELMWOOD AVEPROVIDENCERI02907NONEEXEMPTDONATION TO SUPPORT DORCAS' PROGRAMS TO HELP IMPROVE LIVES IN BIPOC COMMUNITIES AND 100TH YEAR ANNIVERSARY.$100,000
ESPERANZA HOPE
60 VALLEY ST SUITE 104PROVIDENCERI02909NONEEXEMPTTO FUND HOUSING AND RENT RELIEF$75,000
HAIRCUTS AND HERITAGE CORP
253 MOUNT PLEASENT AVEPROVIDENCERI02908NONEEXEMPTTROUBLED YOUTH PROGRAM - REFERRAL BASIS, FREE HAIRCUTS, SOCIAL DISCUSSION , COUNSELING AND BELONGING$338,622
HIGHER GROUND INTERNATIONAL
250 PRARIE AVEPROVIDENCERI02906NONEEXEMPTGENERAL FUND$416,000
INSTITUTE FOR NONPROFIT PRACTICE
89 SOUTH ST SUITE LL02BOSTONMA02111NONEEXEMPTBIPOC LEADERSHIP PROGRAMS$250,000
JOHN HOPE SETTLEMENT HOUSE
7 THOMAS P WHITTEN WAYPROVIDENCERI02903NONEEXEMPTSUPPORT 2021 SUMMER YOUTH-BASED INITIATIVES$100,000
JUSTICE ASSISTANCE
943 PARK AVECRANSTONRI02910NONEEXEMPTHABITAT FOR JUSTICE PROGRAM$185,000
LAOTIAN ASSOC OF RHODE ISLAND
35 FERNCLIFF AVENORTH PROVIDENERI02911NONEEXEMPTFOOD PROGRAM, VARIOUS COMMUNITY SERVICES, BURIAL ASSISTANCE$350,000
LEADERSHIP RHODE ISLAND
1570 WESTMINSTER STPROVIDENCERI02909NONEEXEMPTGRANT TO PROVIDE LRI TUITION AND TUITION ASSISTANCE TO BIPOC PERSONS; STRENGTH TRAINING FOR BIPOC GRANTEES$350,000
LIFESPAN
PO BOX HPROVIDENCERI02901NONEEXEMPTTO FUND A PROGRAM OF JOB CREATION IN THE HEALTHCARE SECTOR FOR BIPOC COMMUNITY$1,500,000
MOUNT HOPE NEIGHBORHOOD ASSOC
199 CAMP STPROVIDENCERI02906NONEEXEMPTPROGRAMS FOR SENIORS, FOOD SECURITY,MENTAL HEALTH,HEALTHCARE, EDUCATION AND JOBS$375,440
MOUNT HOPE COWBOYS
199 CAMP STPROVIDENCERI02906NONEEXEMPTTRAVEL FUNDS FOR NATIONAL CHAMPIONSHIPS AND CLOTHING$17,800
PROVIDENCE COUNTY WRESTLING CLUB
590 MINERAL SPRING AVE - UNITPAWTUCKETRI02860NONEEXEMPTTO FUND BIPOC ACTIVITES ,HEALTH , NUTRITION AND WELLNESS$426,4805-106B
PROVIDENCE PROMISE
TWO REGENCY PLAZA - SUITE 4PROVIDENCERI02903NONEEXEMPTGENERAL FUND$230,500
RISE WOMENS LEADERSHIP CONFERENCE
PO BOX 5895PROVIDENCERI02903NONEEXEMPTTO FUND BIPOC WOMEN'S SOCIAL IMPACT PROGRAM$150,000
RHODE ISLAND BAR ASSOC
41 SHARPE DRCRANSTONRI02920NONEEXEMPTTO FUND LAW SHOOL SCHOLARSHIP PROGRAM FOR BIPOC STUDENTS$25,000
RHODE ISLAND BLACK BUSINESS ASSOC
3 REGENCY PLAZA - SUITE 3EPROVIDENCERI02903NONEEXEMPTTO FUND ITS REVOLVING LOAN PROGRAM FOR BLACK OWNED BUSINESESS$103,000
RHODE ISLAND BLACK FILM FESTIVAL
PO BOX 2396PROVIDENCERI02906NONEEXEMPTGENERAL FUND$10,000
RHODE ISLAND BLACK HERITAGE S0CIETY
PO BOX 4238MIDDLETOWNRI02842NONEEXEMPTGENERAL FUND$482,000
RHODE ISLAND HISPANIC CHAMBER OF COMMERCE
1955 WESTMINSTER ST - 2ND FLOORPROVIDENCERI02909NONEEXEMPTREVOLVING LOAN PROGRAM$60,172
RHODE ISLAND PHILHARMONIC ORCHESTRA AND MUSIC SCHOOL
667 WATERMAN AVEEAST PROVIDENCERI02914NONEEXEMPTSUPPORT TO INCREASE PARTICIPATION OF BIPOC STUDENTS IN MUSIC PROGRAMS,SCHOLARSHIPS, BIPOC COMPOSERS$417,500
SILVER LAKE COMMUNITY CENTER
529 PLAINFIELD STPROVIDENCERI02909NONEEXEMPTTO FUND MEALS AND CLOTHING$10,000
SOJOURNER HOUSE
386 SMITH STPROVIDENCERI02908NONEEXEMPTTO FUND PROGRAM FOR IMMIGRANT VICTIMS AND SURVIVORS OF DOMESTIC VIOLENCE$250,000
SOUTHSIDE COMMUNITY LAND TRUST
109 SOMERSET STPROVIDENCERI02907NONEEXEMPTTO FUND BIPOC YOUTH PROGRAMS$150,000
TEACH FOR AMERICA
529 PLAINFIELD STPROVIDENCERI02909NONEEXEMPTTO FUND PROGRAM TO CREATE TEACHING POSTIONS FOR BIPOC INDIVIDUALS$750,000
THE ELISHA PROJECT
29 WEEDEN AVERUMFORDRI02916NONEEXEMPTTO FUND FOOD PROGRAMS IN THE BIPOC COMMUNITY IN CULTRALLY AWARE MANNER$535,000
THE FINANCIAL LITERACY INITIATIVE
PO BOX 100068CRANSTONRI02910NONEEXEMPTTO FUND FINANCIAL LITERACY PROGRAMS$431,605
THE SAN MIGUEL SCHOOL
525 BRANCH AVEPROVIDENCERI02904NONEEXEMPTBIPOC STUDENT TUITION ASSISTANCE PROGRAM$50,000
TOMAQUAG MUSEUM
390 A SUMMIT RDEXETERRI02822NONEEXEMPTTO FUND EDUCATION ,JOB TRAINING FINANCIAL LITERACY AND HEALTH RELATED PROGRAMS$352,730
UNITED WAY OF RHODE ISLAND
50 VALLEY STPROVIDENCERI02909NONEEXEMPTGENERAL FUND$250,000
WATERFIRE PROVIDENCE
475 VALLEY STPROVIDENCERI02908NONEEXEMPTTO SPONSOR A BIPOC-THEMED WATERFIRE IN PROVIDENCE$150,000
YMCA OF GREATER PROVIDENCE
21 PEACE ST - 6TH FLOORPROVIDENCERI02907NONEEXEMPTTO FUND AFTER SCHOOL WORKFORCE, EDUCATIONAL AND JOB READINESS PROGRAMS; AFTERSHOOL LITERACY PROGRAM$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,689,225TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$204,601ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$10,106,439ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$10,311,040ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,311,040TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
BARBARA PAPITTO
16 WATER VALLEY ROADHOPERI02831$4,969,052Yes (X)
BARBARA PAPITTO
26 WATER VALLEY ROADHOPERI02831$19,685,367Yes (X)
BARBARA PAPITTO
36 WATER VALLEY ROADHOPERI02831$465,726Yes (X)
BARBARA PAPITTO
46 WATER VALLEY ROADHOPERI02831$9,480,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1STOCK DONATION$4,969,0522021-08-10
2STOCK DONATION$19,685,3672021-03-22

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,313Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
OFFICE DESIGN2021-10-19$430,359SL15.000000000000$4,782$0
FUNRITURE & FIXTURES - 20212021-10-07$145,078SL15.000000000000$2,418$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockBANK OF AMERICA -INVESTMENTSStockNm
EOY Book Value$12,271,527EOYBookValueAmt
EOYFMV$12,769,441EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
OFFICE DESIGN$430,359$4,782$425,577
FUNRITURE & FIXTURES - 2021$145,078$2,418$142,660

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$21,724LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescADJUSTMENT TO COST BASISDesc
Amt$10,005,404Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES$48,136$48,136$0
OFFICE SUPPLIES$87,338$0$0
MARKETING & WEB DESIGN$862,810$0$0
MISC$13,914$0$0
SECURITY$26,339$0$0

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTECHNICAL SUPPORTCategoryTxt
Amt$247,331Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonBARBARA A PAPITTOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 WATER VALLEY ROADAddressLine1Txt
CityHOPECityNm
State AbbreviationRIStateAbbreviationCd
ZIP02831ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX WITHHOLDINGCategoryTxt
Amt$4,855Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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