CRANBERRY SUNSET FARM INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CRANBERRY SUNSET FARM INC (EIN 45-5164072)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-09-23
- IRS object ID
- 202112669349100301
- Schema version
- 2020v4.0
- 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
- Form 990-PF
- Amortization Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-09-23T08:10:54-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043035636 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEE YEE & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 SOUTHWEST PARK | AddressLine1Txt |
| City | WESTWOOD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 020901548 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455164072 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRANBERRY SUNSET FARM INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRAN | BusinessNameControlTxt |
| Phone | 8609304301 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 113 FIRST AVENUE | AddressLine1Txt |
| City | OSTERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02655 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LESLIE BALLOTTI | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 8609304301 | PhoneNum |
| Signature | 2021-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LESLIE | PersonFirstNm |
| Person Last | BALLOTTI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARY F YEE | PreparerPersonNm |
| PTIN | P00956493 | PTIN |
| Phone | 7812372525 | PhoneNum |
| Preparation | 2021-09-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return Former Pub Chrty | Yes (X) | InitialReturnFormerPubChrtyInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,803,687 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $381,351 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $530 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $530 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $27,266 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $27,266 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,898 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $143,348 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,898 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $265,670 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $173,711 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $91,959 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $678,715 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $205,405 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $91,959 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,200 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $18,600 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $57,912 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $57,912 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $14,582 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $14,912 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $15,125 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $9,079 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $4,115 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $93,672 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $214,680 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Adj Net Incm | $165,158 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $442,250 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $165,158 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $95,539 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $442,250 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $165,158 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $95,539 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $236,465 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $205,405 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $109,487 | CashBOYAmt |
| Cash EOY | $330,018 | CashEOYAmt |
| Cash EOYFMV | $330,018 | CashEOYFMVAmt |
| Corporate Stock BOY | $1,746,792 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,829,344 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,829,344 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,102,245 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $457,920 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $711,727 | LandBOYAmt |
| Land EOY | $644,325 | LandEOYAmt |
| Land EOYFMV | $644,325 | LandEOYFMVAmt |
| Total Assets BOY | $2,568,006 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,803,687 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,803,687 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $784 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $784 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $2,567,222 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $2,803,687 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,567,222 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,803,687 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,568,006 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,803,687 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,567,222 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $236,465 | ExcessRevenueOverExpensesAmt |
| Subtotal | $2,803,687 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,803,687 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,898 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,855 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,855 | SubtotalAmt |
| Tax Based On Investment Income | $2,855 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $59 | EsPenaltyAmt |
| Tax Due | $2,914 | TaxDueAmt |
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 | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | CRANBERRYSUNSETFARM.COM | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BUSINESS OFFICE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5087754409 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 290 WINTER STREET | AddressLine1Txt |
| City | HYANNIS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02601 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| LESLIE BALLOTTI | ||||||||
| 113 FIRST AVE | OSTERVILLE | MA | 02655 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| PETER DYRNESS | ||||||||
| 113 FIRST AVE | OSTERVILLE | MA | 02655 | CLERK | 30.00 | $37,200 | $5,330 | $0 |
| MICHELLE KENNEDY | ||||||||
| 51 SUNSET LANE | OSTERVILLE | MA | 02655 | TREASURER | 2.00 | $0 | $0 | $0 |
| LYNN ROTH | ||||||||
| MAIN STREET | OSTERVILLE | MA | 02655 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TO BUILD UPON EACH CHILD'S ABILITY BY PROVIDING THEM WITH LIFE SKILLS AND OPPORTUNITIES TO SUCCEED BY OVERCOMING PARTICULAR OBSTACLES, THUS BECOMING MORE SELF-SUFFICIENT IN THEIR OWN LIVES. | Description1Txt |
| Expenses1 | $413,288 | Expenses1Amt |
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 | $1,700,000 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $250,000 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,950,000 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,950,000 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $29,250 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,920,750 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $96,038 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $95,539 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $95,539 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $95,539 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $95,539 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $95,539 | RemainingDistriFromCorpusAmt |
| Total Corpus | $95,539 | TotalCorpusAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2019-01-01 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $95,539 | CurrentYearAmt |
| Year1 | $229,015 | Year1Amt |
| Total | $324,554 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $95,539 | CurrentYearAmt |
| Year1 | $229,015 | Year1Amt |
| Total | $324,554 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $64,025 | CurrentYearAmt |
| Total | $64,025 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| HORSE LESSONS | $22,210 |
| FUNDRAISING | $69,749 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $530 | RelatedOrExemptFunctionIncmAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $27,266 | RelatedOrExemptFunctionIncmAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $173,711 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $3,898 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $297,364 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $297,364 | 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 |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amortized Expenses | CLOSING COSTS | AmortizedExpensesDesc |
| Acquired Completed Or Expended | 2015-05-15 | AcquiredCompletedOrExpendedDt |
| Amortized | $5,440 | AmortizedAmt |
| Deduction For Prior Years | $1,692 | DeductionForPriorYearsAmt |
| Amortization Period | 15.0000 | AmortizationPeriodRt |
| Current Year Amortization | $363 | CurrentYearAmortizationAmt |
| Total Amortization | $2,055 | TotalAmortizationAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (24 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| BUILDING - GARAGE | 2014-10-01 | $94,591 | $12,733 | S/L | 39.0000 | $2,425 |
| LAND IMPROVEMENTS | 2014-12-04 | $6,964 | $2,360 | S/L | 15.0000 | $464 |
| EQUIPMENT | 2014-12-15 | $1,082 | $1,082 | S/L | 5.0000 | |
| HORSE | 2014-05-01 | $20,000 | $11,333 | S/L | 10.0000 | $2,000 |
| AUTOMOBILE | 2015-12-01 | $7,300 | $5,962 | S/L | 5.0000 | $1,338 |
| EQUIPMENT | 2015-11-01 | $2,000 | $1,667 | S/L | 5.0000 | $333 |
| HORSE ARENA | 2015-07-01 | $143,888 | $43,166 | S/L | 15.0000 | $9,593 |
| CRANBERRY BOG | 2015-05-25 | $525,000 | $210,000 | S/L | 10.0000 | $52,500 |
| SHEDS | 2015-07-01 | $18,889 | $4,250 | S/L | 20.0000 | $944 |
| EQUIPMENT | 2016-12-01 | $19,000 | $11,717 | S/L | 5.0000 | $3,800 |
| LEASEHOLD IMPROVEMENTS | 2016-07-01 | $12,880 | $3,005 | S/L | 15.0000 | $859 |
| ARENA | 2017-06-01 | $148,674 | $25,605 | S/L | 15.0000 | $9,912 |
| LEASEHOLD IMPROVEMENTS | 2017-06-01 | $19,490 | $3,357 | S/L | 15.0000 | $1,299 |
| FORD PICKUP TRUCK | 2017-08-15 | $24,000 | $21,160 | S/L | 5.0000 | $2,840 |
| EQUIPMENT | 2018-01-31 | $5,680 | $2,177 | S/L | 5.0000 | $1,136 |
| LEASEHOLD IMPROVEMENTS | 2018-01-31 | $3,079 | $590 | S/L | 10.0000 | $308 |
| EQUIPMENT | 2019-02-11 | $2,860 | $375 | S/L | 7.0000 | $409 |
| EQUIPMENT | 2019-03-15 | $5,800 | $690 | S/L | 7.0000 | $829 |
| EQUIPMENT | 2019-03-19 | $8,995 | $964 | S/L | 7.0000 | $1,285 |
| LEASEHOLD IMPROVEMENTS | 2020-03-25 | $16,633 | S/L | 15.0000 | $832 | |
| EQUIPMENT | 2020-04-29 | $4,000 | S/L | 7.0000 | $381 | |
| EQUIPMENT | 2020-09-25 | $4,500 | S/L | 7.0000 | $161 | |
| EQUIPMENT | 2020-11-03 | $500 | S/L | 7.0000 | $12 | |
| EQUIPMENT | 2020-12-04 | $1,000 | S/L | 7.0000 | $12 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | GOLDMAN SACHS | AssetDesc |
| Acquired | 2019-10 | AcquiredDt |
| How Acquired | PURCHASE | HowAcquiredTxt |
| Sold | 2020-11 | SoldDt |
| Gross Sales Price | $143,348 | GrossSalesPriceAmt |
| Basis | $131,026 | BasisAmt |
| Sales Expense | $8,424 | SalesExpenseAmt |
| Total Net | $3,898 | TotalNetAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | GOLDMAN SACHS | StockNm |
| EOY Book Value | $1,829,344 | EOYBookValueAmt |
| EOYFMV | $1,829,344 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | BUILDINGS, EQUIPMENT | CategoryOrItemTxt |
| Cost Or Other Basis | $1,102,245 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $457,920 | AccumulatedDepreciationAmt |
| Book Value | $644,325 | BookValueAmt |
| EOYFMV | $644,325 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| EXPENSES | ||
| DUES AND SUBSCRIPTIONS | $55 | |
| ADVERTISING | $459 | |
| AUTO EXPENSES | $5,388 | |
| CONTRACT SERVICES | $39,488 | $39,488 |
| FARM SUPPLIES | $42,899 | $42,899 |
| FUNDRAISING EXPENSES | $2,322 | |
| INSURANCE | $11,115 | |
| OFFICE EXPENSES | $5,457 | |
| MEALS | $515 | $258 |
| PAYROLL FEES | $1,052 | |
| UTILITIES | $624 | |
| VET | $19,254 | $19,254 |
| HAY | $63,259 | $63,259 |
| REPAIRS AND MAINTENANCE | $21,814 | |
| MISCELLANEOUS | $616 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| HORSE LESSONS | $22,210 | $22,210 | |
| FUNDRAISING | $69,749 | $69,749 | |
| UNREALIZED GAIN | $173,711 | $173,711 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $15,125 | Amt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GEOFFREY BALLOTTI | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 462 WEST MILL AVE | AddressLine1Txt |
| City | LONG VALLEY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07853 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| LICENSES & PERMITS | $507 |
| TAXES | $8,572 |
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