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WILLIAM L & LESLEY H COLLINS FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WILLIAM L & LESLEY H COLLINS FAMILY FOUNDATION (EIN 52-1872190)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-08-30
IRS object ID
202102429349101125
Schema version
2020v4.1
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)
Return2021-08-30T04:37:26-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDRE MONTERO CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1129-86TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11209ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521872190EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM L & LESLEY H COLLINS FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILLBusinessNameControlTxt
Phone7189216229PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16597 NICHOLAS BLVD Room 1903AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM COLLINSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2021-08-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastCOLLINSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANDRE MONTEROPreparerPersonNm
PTINP01354425PTIN
Phone6466912998PhoneNum
Preparation2021-08-30PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,282,162FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$49,928InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$49,928InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$75,870DividendsRevAndExpnssAmt
Dividends Net Invst Incm$75,870DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$54,226NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,559,517GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$35,592OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$35,592OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$107,164TotalRevAndExpnssAmt
Total Net Invst Incm$161,390TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$14,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$14,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$14,000AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$5,656TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5,656TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$1,109TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$22,766OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$22,766OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$22,766OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$42,422TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$42,422TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$37,875TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$381,054ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$381,054ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$423,476TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$42,422TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$418,929TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$316,312ExcessRevenueOverExpensesAmt
Net Investment Income$118,968NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$10,843SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$45,473SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$45,473SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$80,000AcctRcvblBOYAmt
Prepaid Expenses BOY$4,547PrepaidExpensesBOYAmt
Other Investments BOY$6,530,997OtherInvestmentsBOYAmt
Other Investments EOY$6,264,602OtherInvestmentsEOYAmt
Other Investments EOYFMV$8,236,689OtherInvestmentsEOYFMVAmt
Total Assets BOY$6,626,387TotalAssetsBOYAmt
Total Assets EOY$6,310,075TotalAssetsEOYAmt
Total Assets EOYFMV$8,282,162TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Capital Stock BOY$6,626,387CapitalStockBOYAmt
Capital Stock EOY$6,310,075CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$6,626,387TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,310,075TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$6,626,387TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,310,075TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,626,387TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$316,312ExcessRevenueOverExpensesAmt
Subtotal$6,310,075SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,310,075TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEY ACCTP2020-01-012020-12-30$86,971$92,116-$5,145-$5,145
MORGAN STANLEY ACCTP2019-01-012020-12-31$38,040$25,900$12,140$12,140
GLOBAL LGP2010-01-012020-01-01$30,746-$30,746-$30,746
PNC ACCTP2020-01-012020-12-30$279,543$266,206$13,337$13,337
PNC ACCTP2019-01-012020-12-31$1,101,123$1,198,775-$97,652-$97,652
PNC ACCT CAP GAIN DIST2019-01-012020-12-31$12,166$12,166$12,166
MORGAN CAP GAIN DIST2019-01-012020-12-31$180$180$180
VITTORIAP2019-01-012020-12-31$17,453$17,453$17,453
PLEIDASP2019-01-012020-12-31$24,041$24,041$24,041
FieldValueIRS element (for citing)
Capital Gain Net Income-$54,226CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$8,192NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,654InvestmentIncomeExciseTaxAmt
Subtotal$1,654SubtotalAmt
Tax Based On Investment Income$1,654TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$985EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$985TotalPaymentsAndCreditsAmt
Original Return Tax Paid$985OriginalReturnTaxPaidAmt
Es Penalty$8EsPenaltyAmt
Tax Due$677TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksWILLIAM COLLINSIndividualWithBooksNm
Phone6464359170PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16597 NICHOLAS BLVD APT 1903AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34108ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
WILLIAM COLLINS
6597 NICHOLAS BLVDNAPLESFL34108PRESIDENT002.00$0
LESLEY COLLINS
6597 NICHOLAS BLVDNAPLESFL34108SECRETARY001.00$0
BRIAN COLLINS
187 WASHINGTON PARKBROOKLYNNY11205TRUSTEE001.00$0
JENNIFER COLLINS
25 NORTH MOORE STREETNEW YORKNY10013TRUSTEE001.00$0
COURTNEY COLLINS
101 WARREN STREET APT 2630NEW YORKNY10013TRUSTEE001.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ONLY ACTIVITY IS TO MAKE CASH CONTRIBUTIONS TO ORGANIZED CHARITIES SEE SCHEDULE FOR PART XVDescription1Txt
Expenses1$381,054Expenses1Amt
Description2ADMINISTRATIVE EXPENSESDescription2Txt
Expenses2$37,875Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$7,383,843AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$33,580AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$42,273FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,459,696TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$7,459,696AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$111,895CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,347,801NetVlNoncharitableAssetsAmt
Minimum Investment Return$367,390MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$367,390MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,654TaxBasedOnInvestmentIncomeAmt
Total Tax$1,654TotalTaxAmt
Distributable Before Adj$365,736DistributableBeforeAdjAmt
Distributable Before Ded$365,736DistributableBeforeDedAmt
Distributable As Adjusted$365,736DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$418,929ExpensesAndContributionsAmt
Qualifying Distributions$418,929QualifyingDistributionsAmt
Adjusted Qualifying Distri$418,929AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$365,736DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$418,521ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$285,923ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$147,490ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$851,934TotalExcessDistributionCyovAmt
Qualifying Distributions$418,929QualifyingDistributionsAmt
Applied To Current Year$365,736AppliedToCurrentYearAmt
Remaining Distri From Corpus$53,193RemainingDistriFromCorpusAmt
Total Corpus$905,127TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$418,521ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$486,606ExcessDistriCyovToNextYrAmt
Excess From Year4$285,923ExcessFromYear4Amt
Excess From Year3$147,490ExcessFromYear3Amt
Excess From Current Year$53,193ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASPEN VALLEY HOSPITAL FDN
401 CASTLE CREEK ROADASPENCO81611CHARITY$100
CARE
PO BOX 1870MERRIFIELDVA22116CHARITY$250
CITY MEALS ON WHEELS
307 KENT AVENUEBROOKLYNNY11249CHARITY$500
HARRY CHAPIN FOOD BANK
3760 FOWLER STFORT MYERSFL33901CHARITY$500
CLASSROOM INC
1960 UNIVERSITY AVEBRONXNY10452CHARITY$2,500
DWIGHT ENGLEWOOD SCHOOL
315 PALISADES AVEENGLEWOODNJ07531CHARITY$11,000
GUADALUPE CENTER O F NAPLES FLORIDA
509 HOPE CIRCLEIMMOLCALEEFL34142CHARITY$500
HUMC FOUNDATION
30 PROSPECT AVEHACKENSACKNJ07601CHARITY$5,000
OXFAM AMERICA
226 CAUSEWAYBOSTONMA02114CHARITY$500
PECONIC LAND TRUST
296 HAMPTON ROADNEW YORKNY11968CHARITY$100
ST JOHN'S UNIVERSITY
8000 UTOPIA PARKWAYJAMAICANY11439CHARITY$357,504
ST JOHN'S PREP
21-21 CRESCENT STASTORIANY11105CHARITY$1,000
ST MATTHEW'S HOUSE OF NAPLES FLORIDA
2001 AIRPORT RD SNAPLESFL34112CHARITY$500
STWILLIAM'S CATHOLIC CHURCH
601 SEAGATE DRIVENAPLESFL34108CHARITY$500
SOUTHAMPTON CHRISTMAS DECOR COMM
PO BOX 777SOUTHAMPTONNY11969CHARITY$100
USO
PO BOX 96860WASHINGTONDC20090CHARITY$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$381,054TotalGrantOrContriPdDurYrAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING AND TAX PREPARATIONCategoryTxt
Amt$14,000Amt
Net Investment Income$14,000NetInvestmentIncomeAmt
Disbursements Charitable Prps$14,000DisbursementsCharitablePrpsAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationNot Required to because the Foundation doesnt accept contributions from the publicExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MORGAN STANLEY MANAGED ACCTAT COST$72,285$111,043
HAWTHORN MANAGED ACCOUNTAT COST$6,192,317$8,125,646

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVISEMENT FEES$22,710$22,710$22,710
MISC$56$56$56

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescPASS THROUGH INCOME FROM INVESTMENTSDesc
Revenue And Expenses Per Books$35,592RevenueAndExpensesPerBooksAmt
Net Investment Income$35,592NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAX$1,109$1,109$1,109
FORM PF$4,547$4,547

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