PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC (EIN 82-0568453)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-07
- IRS object ID
- 202243119349102069
- Schema version
- 2021v4.0
- Note
- A later return for the same period supersedes this one.
- 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
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-07T17:45:21-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 822029500 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOAL MURRAY DAY & LALOR LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 ADMIRAL COCHRANE DR SUITE 200 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 214017368 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820568453 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILIP E AND CAROLE R RATCLIFFE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 6674587991 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST ST SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLENE M CASSIDY | PersonNm |
| Person Title | CHIEF EXEC OFFICER | PersonTitleTxt |
| Phone | 6674587991 | PhoneNum |
| Signature | 2022-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CARLENE | PersonFirstNm |
| Person Last | CASSIDY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THADDEUS N TOAL CPA | PreparerPersonNm |
| PTIN | P00780668 | PTIN |
| Phone | 4102240343 | PhoneNum |
| Preparation | 2022-11-07 | PreparationDt |
| 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 | $94,996,440 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
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 | $247,798 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $247,798 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $984,395 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $984,395 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $490,012 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $26,777,738 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $490,012 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $10,238 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $10,238 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,732,443 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,732,443 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $135,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $194,251 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $194,251 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $41,768 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $41,768 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,712 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $78,945 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $420,742 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $361,095 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $60,048 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,930 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $986 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $28,029 | OccupancyRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $10,220 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $46,331 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $29,659 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,020,032 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $370,025 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $265,678 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,757,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,021,324 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,777,032 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $370,025 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,287,002 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,044,589 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,362,418 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,149,927 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,826,270 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,826,270 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $22,276 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $22,276 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $22,276 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $22,276 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $87,468 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $59,712 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $59,712 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $58,957,348 | CorporateStockBOYAmt |
| Corporate Stock EOY | $44,803,060 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $60,133,612 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $12,009,008 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $12,080,681 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $11,964,920 | CorporateBondsEOYFMVAmt |
| Land Bldg Investments BOY | $6,552,656 | LandBldgInvestmentsBOYAmt |
| Other Investments BOY | $8,301,721 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $19,108,610 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $19,318,406 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $679,342 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,479 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $9,370 | LandBOYAmt |
| Land EOY | $677,863 | LandEOYAmt |
| Land EOYFMV | $666,479 | LandEOYFMVAmt |
| Other Assets BOY | $4,765 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,765 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,765 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $89,094,539 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,583,237 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $94,996,440 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $20,424 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,064 | AccountsPayableEOYAmt |
| Grants Payable BOY | $16,314,187 | GrantsPayableBOYAmt |
| Grants Payable EOY | $14,049,863 | GrantsPayableEOYAmt |
| Deferred Revenue EOY | $1,368 | DeferredRevenueEOYAmt |
| Total Liabilities BOY | $16,334,611 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $14,052,295 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $72,759,928 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $65,530,942 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $72,759,928 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $65,530,942 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $89,094,539 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $79,583,237 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $72,759,928 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,044,589 | ExcessRevenueOverExpensesAmt |
| Subtotal | $68,715,339 | SubtotalAmt |
| Other Decreases | $3,184,397 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $65,530,942 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (27 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| GOLDMAN SACHS - APERIO 7253-5 LT | P | $405,663 | $203,253 | $202,410 | $202,410 |
| MORGAN STANLEY - 1869 ST | P | $400,495 | $362,871 | $37,624 | $37,624 |
| GOLDMAN SACHS - APERIO 7253-5 ST | P | $212,371 | $176,315 | $36,056 | $36,056 |
| MORGAN STANLEY - 1870 LT | P | $112,758 | $82,222 | $30,536 | $30,536 |
| GOLDMAN SACHS - GOV CORP 1138-0 LT C | P | $1,479,212 | $1,435,188 | $44,024 | $44,024 |
| MORGAN STANLEY - 1870 ST | P | $971 | $1,035 | -$64 | -$64 |
| GOLDMAN SACHS - GOV CORP 1138-0 ST C | P | $1,713,801 | $1,698,029 | $15,772 | $15,772 |
| MORGAN STANLEY - 1871 LT | P | $135,797 | $82,046 | $53,751 | $53,751 |
| GOLDMAN SACHS - MAIN 0570-5 LT COVER | P | $4,550,036 | $3,616,850 | $933,186 | $933,186 |
| MORGAN STANLEY - 1871 ST | P | $15,023 | $13,461 | $1,562 | $1,562 |
| GOLDMAN SACHS - MAIN 0570-5 ST COVER | P | $1,081,337 | $993,900 | $87,437 | $87,437 |
| MORGAN STANLEY - 1872 LT | P | $212,938 | $135,153 | $77,785 | $77,785 |
| GOLDMAN SACHS - US TREAS BILL 110,00 | P | $109,989 | $109,862 | $127 | $127 |
| MORGAN STANLEY - 1872 ST | P | $109,266 | $68,245 | $41,021 | $41,021 |
| GOLDMAN SACHS - US TREAS BILL COVERE | P | $110,000 | $109,270 | $730 | $730 |
| MORGAN STANLEY - 9300 | P | $490,687 | $495,273 | -$4,586 | -$4,586 |
| MERRILL LYNCH 9847 - LT | P | $6,502,899 | $4,754,777 | $1,748,122 | $1,748,122 |
| CAPITAL GAIN DISTRIBUTIONS | P | $248,502 | $248,502 | $248,502 | |
| MERRILL LYNCH 9847 - ST | P | $2,224,001 | $2,141,116 | $82,885 | $82,885 |
| CAPITAL GAINS FROM K-1'S | P | $57,086 | $114,172 | -$57,086 | -$57,086 |
| MORGAN STANLEY - 1453 LT | P | $720,224 | $508,124 | $212,100 | $212,100 |
| SALE OF PER FARM | P | $3,012,500 | $6,753,980 | -$3,741,480 | -$3,741,480 |
| MORGAN STANLEY - 1453 ST | P | $1,494,532 | $1,506,759 | -$12,227 | -$12,227 |
| SECTION 1250 GAIN | P | $1,801 | $1,801 | $1,801 | |
| MORGAN STANLEY - 1867 LT | P | $500,000 | $319,369 | $180,631 | $180,631 |
| MORGAN STANLEY - 1867 ST | P | $156,847 | $127,625 | $29,222 | $29,222 |
| MORGAN STANLEY - 1868 | P | $719,002 | $478,831 | $240,171 | $240,171 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $490,012 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $320,145 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $18,938 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $18,938 | SubtotalAmt |
| Tax Based On Investment Income | $18,938 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,712 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $59,712 | TotalPaymentsAndCreditsAmt |
| Overpayment | $40,774 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $40,774 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.RATCLIFFEFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | CARLENE M CASSIDY | IndividualWithBooksNm |
| Phone | 6674587991 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST STREET SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| JAMES D WRIGHT | ||||||||
| 6445 CLOISTER GATE DRIVE | BALTIMORE | MD | 21212 | PRESIDENT | 5.00 | $75,000 | $0 | $0 |
| TINA DAVENPORT | ||||||||
| 275 WEST STREET SUITE 109 | ANNAPOLIS | MD | 21401 | TRUSTEE | 5.00 | $60,000 | $0 | $0 |
| JAMES A CLAUSON | ||||||||
| 2613 CABOVER DRIVE | HANOVER | MD | 21076 | TRUSTEE | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLENE M CASSIDY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 UPSHUR AVENUE | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 214034506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | CHIEF EXEC O | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $163,269 | CompensationAmt |
| Employee Benefits | $21,708 | EmployeeBenefitsAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MORGAN STANLEY | |||||
| 1585 BROADWAY | NEW YORK | NY | 10036 | INVESTMENT SVCS | $130,661 |
| MERRILL LYNCH | |||||
| 200 PARK AVE 13TH FLOOR | NEW YORK | NY | 10166 | INVESTMENT SVCS | $130,182 |
| GOLDMAN SACS | |||||
| 200 WEST STREET | NEW YORK | NY | 10282 | INVESTMENT SVCS | $98,640 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $74,874,741 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,387,963 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $76,262,704 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $76,262,704 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,143,941 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $75,118,763 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,755,938 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,755,938 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $18,938 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $18,938 | TotalTaxAmt |
| Distributable Before Adj | $3,737,000 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,737,000 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,737,000 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,287,002 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $7,287,002 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,737,000 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $469,169 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,324,973 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,109,352 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,225,578 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,136,620 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,265,692 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,287,002 | QualifyingDistributionsAmt |
| Applied To Current Year | $3,737,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,550,002 | RemainingDistriFromCorpusAmt |
| Total Corpus | $12,815,694 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $469,169 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $12,346,525 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,324,973 | ExcessFromYear4Amt |
| Excess From Year3 | $1,109,352 | ExcessFromYear3Amt |
| Excess From Year2 | $2,225,578 | ExcessFromYear2Amt |
| Excess From Year1 | $4,136,620 | ExcessFromYear1Amt |
| Excess From Current Year | $3,550,002 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CARLENE M CASSIDY | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST ST SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6674587991 | RecipientPhoneNum |
| Recipient Email Address | CMCASSIDY@RATCLIFFEFOUNDATION.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | A WRITTEN LETTER REGARDING THE NATURE AND USE OF REQUESTED GRANT, ALONG WITH A COPY OF THE IRS NON-PROFIT DETERMINATION LETTER, IS REQUIRED. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THE FOUNDATION HAS NO SUBMISSION DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION HAS NO RESTRICTIONS OR LIMITATIONS ON AWARDS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AACC FOUNDATION - (ESI) | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $300,000 |
| AACC FOUNDATION - (ESI) | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $85,000 |
| AACC FOUNDATION CLAUSON CENTER | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $150,000 |
| BALDWIN WALLACE UNIVERSITY | ||||||
| 275 EASTLAND ROAD | BEREA | OH | 44017 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| CCBC | ||||||
| 7200 SOLLERS POINT RD | BALTIMORE | MD | 21222 | PC | UNRESTRICTED USE BY RECIPIENT | $359,132 |
| CHILDREN'S HOME FOUNDATION | ||||||
| 215 WALTHAM FARM LAND | CENTREVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $70,000 |
| DABNEY S LANCASTER CC - SCHOLARSHIP | ||||||
| 1000 DABNEY DRIVE | CLIFTON FORGE | VA | 24422 | PC | UNRESTRICTED USE BY RECIPIENT | $30,000 |
| EASTERN SHORE COMMUNITY COLLEGE | ||||||
| 29316 LANKFORD HWY | MELFA | VA | 23410 | PC | UNRESTRICTED USE BY RECIPIENT | $152,740 |
| FERRY COVE SHELLFISH GRANT | ||||||
| 21770 LOWEST WHARF ROAD | SHERWOOD | MD | 21665 | PC | UNRESTRICTED USE BY RECIPIENT | $1,500,000 |
| FLORIDA INTERNATIONAL UNIVERSITY | ||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | PC | UNRESTRICTED USE BY RECIPIENT | $625,000 |
| HARFORD COMMUNITY COLLEGE | ||||||
| 401 THOMAS RUN ROAD | BEL AIR | MD | 21015 | PC | UNRESTRICTED USE BY RECIPIENT | $540,000 |
| HORIZON OF KENT & QUEEN ANNE'S | ||||||
| 116B S LYNCHBURG STREET | CHESTERTOWN | MD | 21620 | PC | UNRESTRICTED USE BY RECIPIENT | $50,000 |
| INSTITUTE OF MARINE AND ENVIRONMENT | ||||||
| 701 E PRATT STREET | BALTIMORE | MD | 21202 | PC | UNRESTRICTED USE BY RECIPIENT | $231,934 |
| MARYLAND INSTITUE COLLEGE OF ART | ||||||
| 1300 W MOUNT ROYAL AVE | BALTIMORE | MD | 21217 | PC | UNRESTRICTED USE BY RECIPIENT | $882,000 |
| MIAMI CORE '20 | ||||||
| 1501 NW 9TH AVE 219 | MIAMI | FL | 33136 | PC | UNRESTRICTED USE BY RECIPIENT | $333,334 |
| NACCE | ||||||
| 1 FEDERAL ST BLDG 101 | SPRINGFIELD | MA | 01105 | PC | UNRESTRICTED USE BY RECIPIENT | $295,000 |
| TRI COUNTY COUNCIL FOUNDATION | ||||||
| 31901 TRI-COUNTY WAY | SALISBURY | MD | 21804 | PC | UNRESTRICTED USE BY RECIPIENT | $102,424 |
| RATCLIFFE CHARITABLE GIFT FUND 21 | ||||||
| 100 FEDERAL STREET | BOSTON | MA | 02110 | PC | UNRESTRICTED USE BY RECIPIENT | $200,000 |
| SU CENTER FOR ESHIP | ||||||
| 1308 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $300,000 |
| SU IMPACT REPORT | ||||||
| 1308 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $15,000 |
| SU SCHOLARSHIP | ||||||
| 1308 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $24,950 |
| SU SHORE HATCHERY '18 | ||||||
| 1308 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $200,000 |
| TIDEWATERT BOAT | ||||||
| PO BOX 1243 | NORFOLK | VA | 23501 | PC | UNRESTRICTED USE BY RECIPIENT | $50,000 |
| UB GRANT 2 TUITION | ||||||
| 1420 N CHARLES STREET | BALTIMORE | MD | 21201 | PC | UNRESTRICTED USE BY RECIPIENT | $102,000 |
| UMCES HORN POINT | ||||||
| PO BOX 775 | CAMBRIDGE | MD | 21613 | PC | UNRESTRICTED USE BY RECIPIENT | $124,810 |
| UMCES HORN POINT | ||||||
| PO BOX 775 | CAMBRIDGE | MD | 21613 | PC | UNRESTRICTED USE BY RECIPIENT | $12,000 |
| UNIVERSITY OF DELAWARE REEF | ||||||
| 83 E MAIN ST 3RD FLOOR | NEWARK | DE | 19716 | PC | UNRESTRICTED USE BY RECIPIENT | $186,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,021,324 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AACC FOUNDATION CLAUSON CENTER | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| CHILDREN'S HOME FOUNDATION | ||||||
| 215 WALTHAM FARM LAND | CENTREVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $140,000 |
| HARFORD COMMUNITY COLLEGE | ||||||
| 401 THOMAS RUN ROAD | BEL AIR | MD | 21015 | PC | UNRESTRICTED USE BY RECIPIENT | $960,000 |
| MIAMI CORE '20 | ||||||
| 1501 NW 9TH AVE 219 | MIAMI | FL | 33136 | PC | UNRESTRICTED USE BY RECIPIENT | $666,666 |
| TIDEWATERT BOAT | ||||||
| PO BOX 1243 | NORFOLK | VA | 23501 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,966,666 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $247,798 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $984,395 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $490,012 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANOUS INCOME | Desc |
| Related Or Exempt Function Incm | $10,238 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,722,205 | ExclusionAmt |
| Related Or Exempt Function Incm | $10,238 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,732,443 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $78,945 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year Depreciation | $493 | PriorYearDepreciationAmt |
| Current Year Expense | $986 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | MERRILL LYNCH ACCT 9847 - BONDS | BondNm |
| EOY Book Value | $12,080,681 | EOYBookValueAmt |
| EOYFMV | $11,964,920 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MARKETABLE SECURITIES-GOLDMAN SACHS | $18,603,443 | $23,663,458 |
| MERRILL LYNCH ACCT 9847-SECURITIES | $8,235,242 | $12,704,578 |
| MORGAN STANLEY ACCT1453-SECURITIES | $7,368,880 | $7,232,201 |
| MORGAN STANLEY ACCT1867-SECURITIES | $2,137,093 | $3,064,080 |
| MORGAN STANLEY ACCT1868-SECURITIES | $2,022,685 | $2,921,490 |
| MORGAN STANLEY ACCT1869-SECURITIES | $2,433,406 | $4,027,475 |
| MORGAN STANLEY ACCT1870-SECURITIES | $2,244,398 | $3,674,341 |
| MORGAN STANLEY ACCT1871-SECURITIES | $732,919 | $1,219,970 |
| MORGAN STANLEY ACCT1872-SECURITIES | $944,994 | $1,510,392 |
| INVESTMENT IN PINNACLE CARE | $80,000 | $115,627 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LOAN RECEIVABLE | AT COST | $500,000 | $500,000 |
| INVESTMENT IN TILGHMAN ROAD PROPERTY | AT COST | $17,018,178 | $17,018,178 |
| INVESTMENT IN QUESTMARK PARTNERS III | AT COST | $143,415 | $143,415 |
| INVESTMENT IN PER HOLDINGS | AT COST | $1,447,017 | $1,656,813 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| FURNITURE | $9,863 | $1,479 | $8,384 | |
| EQUIPMENT - FERRY COVE PROJECT | $669,479 | $669,479 | $666,479 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $3,712 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ORGANIZATION EXPENSES | Desc |
| BOY Book Value | $4,765 | BOYBookValueAmt |
| EOY Book Value | $4,765 | EOYBookValueAmt |
| EOYFMV | $4,765 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON SOLD SECURITIES | $3,183,450 |
| DISALLOWED WASH SALE LOSS | $947 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| ADVERTISING & MARKETING | $155 | |
| BANK CHARGES | $802 | $802 |
| DUES & SUBCRIPTIONS | $1,344 | |
| INSURANCE | $2,586 | $2,586 |
| OFFICE EXPENSES | $26,271 | $26,271 |
| OTHER EXPENSES | $1,508 | |
| POSTAGE & DELIVERY | $321 | |
| TELEPHONE | $6,195 | |
| WEBSITE | $577 | |
| SUPPLIES & SOFTWARE | $6,572 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANOUS INCOME | Desc |
| Revenue And Expenses Per Books | $10,238 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $10,238 | NetInvestmentIncomeAmt |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOAN RECEIVABLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $22,276 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT FEES | $361,095 | $361,095 |
| OTHER PROFESSIONAL FEES | $53,280 | |
| PAYROLL SERVICES | $6,367 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES WITHHELD | $8,930 | $8,930 |
| OTHER TAXES | $51,118 |