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AMBRICO FAMILY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
AMBRICO FAMILY FOUNDATION INC (EIN 59-3549946)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-18
IRS object ID
202233229349100413
Schema version
2021v4.0
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)
Return2022-11-18T13:37:17-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593549946EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMBRICO FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMBRBusinessNameControlTxt
Phone4073168900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1425 W COLONIAL DRIVE SUITE 305AddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32804ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVINCENT J AMBRICOPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone4073168900PhoneNum
Signature2022-11-17SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstVINCENT JPersonFirstNm
Person LastAMBRICOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$14,076FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$96ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$47DividendsRevAndExpnssAmt
Dividends Net Invst Incm$47DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$740NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$13,195GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$740CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$883TotalRevAndExpnssAmt
Total Net Invst Incm$787TotalNetInvstIncmAmt
Taxes Rev And Expnss$96TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$96TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$200ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$200ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$296TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$200TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$587ExcessRevenueOverExpensesAmt
Net Investment Income$787NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,694SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,508SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,508SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$7,507CorporateStockBOYAmt
Corporate Stock EOY$2,280CorporateStockEOYAmt
Corporate Stock EOYFMV$3,568CorporateStockEOYFMVAmt
Total Assets BOY$12,201TotalAssetsBOYAmt
Total Assets EOY$12,788TotalAssetsEOYAmt
Total Assets EOYFMV$14,076TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$12,201RetainedEarningBOYAmt
Retained Earning EOY$12,788RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$12,201TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$12,788TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,201TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,788TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$12,201TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$587ExcessRevenueOverExpensesAmt
Subtotal$12,788SubtotalAmt
Tot Net Ast Or Fund Balances EOY$12,788TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
APPLE INC COMP2020-08-312021-02-18$3,895$3,816$79$79
BOEING CO COMP2021-06-032021-12-16$954$1,267-$313-$313
ENERGOUS CORPP2021-01-202021-02-18$556$479$77$77
IDACORP INCP2020-10-292021-02-09$1,737$1,728$9$9
LUMINAR TECHNOLOGIES INC COMP2020-12-042021-05-07$417$676-$259-$259
OVERSTOCK.COM INCP2020-12-182021-02-10$2,033$1,288$745$745
OVERSTOCK.COM INCP2021-02-242021-05-26$2,125$1,901$224$224
PEPSICO INCP2021-03-032021-05-26$1,478$1,300$178$178
FieldValueIRS element (for citing)
Capital Gain Net Income$740CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$740NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11InvestmentIncomeExciseTaxAmt
Subtotal$11SubtotalAmt
Tax Based On Investment Income$11TaxBasedOnInvestmentIncomeAmt
Tax Due$11TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksVINCENT J AMBRICOIndividualWithBooksNm
Phone4073168900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1425 W COLONIAL DRIVE STE 305AddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32804ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12020UndistributedIncomePY1Yr
Undistributed Income PY22016UndistributedIncomePY2Yr
Undistributed Income PY32015UndistributedIncomePY3Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
VINCENT J AMBRICO
425 W COLONIAL DR STE 305ORLANDOFL32804DIRECTOR000.00$0$0$0
DANIEL AMBRICO
623 LARKFIELD RDE NORTHPORTNY11731DIRECTOR000.00$0$0$0
VINCENT AMBRICO
623 LARKFIELD RDE NORTHPORTNY11731DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$13,156AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,156TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$13,156AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$197CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,959NetVlNoncharitableAssetsAmt
Minimum Investment Return$648MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$648MinimumInvestmentReturnAmt
Tax Based On Investment Income$11TaxBasedOnInvestmentIncomeAmt
Total Tax$11TotalTaxAmt
Distributable Before Adj$637DistributableBeforeAdjAmt
Distributable Before Ded$637DistributableBeforeDedAmt
Distributable As Adjusted$637DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$200ExpensesAndContributionsAmt
Qualifying Distributions$200QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$637DistributableAsAdjustedAmt
Undistributed Income PY$413UndistributedIncomePYAmt
Prior Year12016PriorYear1Yr
Prior Year22015PriorYear2Yr
Total For Prior Years$622TotalForPriorYearsAmt
Qualifying Distributions$200QualifyingDistributionsAmt
Applied To Year1$200AppliedToYear1Amt
Prior Year Undistributed Incm$622PriorYearUndistributedIncmAmt
Taxable1$622Taxable1Amt
Taxable2$213Taxable2Amt
Undistributed Income CY$637UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SAND THEATER CENTER INC
124 N FLORIDA AVENUEDELANDFL32720PCGIFT$100
ST PETER & PAUL CATHOLIC CHURCH
5300 HOWELL BRANCH ROADWINTER PARKFL32792PCGIFT$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$200TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$47ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$740ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$787ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$787TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
APPLE INC COM
IDACORP INC
LUMINAR TECHNOLOGY INC COM CL A
OVERSTOCK.COM INC
ELLI LILLY AND CO$1,013$1,381
MARVELL TECHNOLOGY INC$1,267$2,187

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
LICENSE$61
TAXES$35

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