LYNDON PAUL LORUSSO CHARITABLE FOUNDATION OF 2002: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- LYNDON PAUL LORUSSO CHARITABLE FOUNDATION OF 2002 (EIN 54-2082336)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-06
- IRS object ID
- 202121269349100837
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-06T13:27:52-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043142263 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRABTREE CPA & ASSOCIATES | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 426 NORTH STREET | AddressLine1Txt |
| City | HYANNIS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 026015132 | 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 | 542082336 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNDON PAUL LORUSSO CHARITABLE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION OF 2002 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LYND | BusinessNameControlTxt |
| Phone | 5087755050 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 540 MAIN STREET STE 8 | AddressLine1Txt |
| City | HYANNIS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL LORUSSO | PersonNm |
| Person Title | TRSUTEE | PersonTitleTxt |
| Phone | 5087755050 | PhoneNum |
| Signature | 2021-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PAUL | PersonFirstNm |
| Person Last | LORUSSO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DOUGLAS R CRABTREE CPA CITP MST | PreparerPersonNm |
| PTIN | P00851925 | PTIN |
| Phone | 5087902727 | PhoneNum |
| Preparation | 2021-05-05 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $36,731,715 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
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 | $82,830 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $82,830 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $82,830 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $70,626 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $70,626 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $70,626 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,277,961 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,091,457 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $362,175 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,764 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $3,764 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,435,181 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $515,631 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $157,220 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $16,650 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $16,650 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $31,726 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $295 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $31,017 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $12,388 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $678 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $678 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $61,442 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $295 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $48,345 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $939,386 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $939,386 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,000,828 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $295 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $987,731 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $434,353 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $515,336 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $157,220 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $9,034,446 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,770,884 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,770,884 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl BOY | $939,386 | OtherNtsAndLoansRcvblBOYAmt |
| Corporate Stock BOY | $22,901,789 | CorporateStockBOYAmt |
| Corporate Stock EOY | $22,776,385 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,960,831 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $882,400 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,033 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $1,071,282 | LandBOYAmt |
| Land EOY | $833,367 | LandEOYAmt |
| Total Assets BOY | $33,946,903 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,380,636 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $36,731,715 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $6,098 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,478 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $35 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $35 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $6,133 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,513 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $33,940,770 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $34,375,123 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,940,770 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $34,375,123 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $33,946,903 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $34,380,636 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,940,770 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $434,353 | ExcessRevenueOverExpensesAmt |
| Subtotal | $34,375,123 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $34,375,123 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| WELL FARGO ST- COVERED | P | $170,000 | $170,000 | ||
| WELL FARGO LT- COVERED | P | $200,302 | $128,106 | $72,196 | $72,196 |
| WELL FARGO LT- NONCOVERED | P | $500,794 | $165,041 | $335,753 | $335,753 |
| WELL FARGO LT- NONCOVERED | P | $413 | $338 | $75 | $75 |
| WELL FARGO LT- NONCOVERED | P | $26,010 | -$26,010 | -$26,010 | |
| WELL FARGO LT- NONCOVERED | P | $38,467 | -$38,467 | -$38,467 | |
| WELL FARGO LT- COVERED | P | $2 | $2 | ||
| WELL FARGO LT- NONCOVERED | P | $10 | $5 | $5 | $5 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $362,175 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,163 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,163 | SubtotalAmt |
| Tax Based On Investment Income | $7,163 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,524 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $5,524 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $9 | EsPenaltyAmt |
| Tax Due | $1,648 | 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 | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PAUL LORUSSO | IndividualWithBooksNm |
| Phone | 5087755050 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX | 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 (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 |
|---|---|---|---|---|---|---|---|---|
| ELLEN LORUSSO | ||||||||
| PO BOX 1776 | HYANNIS | MA | 02601 | TRUSTEE | 000.00 | $0 | $0 | $0 |
| PAUL LORUSSO | ||||||||
| PO BOX | HYANNIS | MA | 02601 | TRSUTEE | 0.00 | $0 | $0 | $0 |
| CHARLES SABATT | ||||||||
| 540 MAIN STREET | HYANNIS | MA | 02601 | SPECIAL FIDU | 000.00 | $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 |
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 | $25,960,831 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,770,884 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $833,367 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $37,565,082 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $37,565,082 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $563,476 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $37,001,606 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,850,080 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,850,080 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,163 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,163 | TotalTaxAmt |
| Distributable Before Adj | $1,842,917 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,842,917 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,842,917 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $987,731 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $987,731 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $987,731 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,842,917 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $139,296 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $139,296 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $987,731 | QualifyingDistributionsAmt |
| Applied To Current Year | $987,731 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $139,296 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $139,296 | ExcessDistributionCyovAppCYAmt |
| Undistributed Income CY | $715,890 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CHARLES SABATT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 540 MAIN STREET | AddressLine1Txt |
| City | HYANNIS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5087755050 | RecipientPhoneNum |
| Recipient Email Address | CMS@SABATTLAW.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | NO FORMAL PROCEDURE | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS RESTRICTED TO CHARITABLE ORGANIZATIONS LOCATED IN CAPE COD. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSEMBLIA DE DEUS EM | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 WASHINGTON STREET | AddressLine1Txt |
| City | SOMERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02145 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PUBLIC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL | GrantOrContributionPurposeTxt |
| Amt | $939,386 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $939,386 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $82,830 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $70,626 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $362,175 | ExclusionAmt |
| Related Or Exempt Function Incm | $915,786 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP REVENUE | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,764 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $519,395 | ExclusionAmt |
| Related Or Exempt Function Incm | $915,786 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,435,181 | 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 | $16,650 | Amt |
| Disbursements Charitable Prps | $16,650 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| HYANNIS STAR MOTEL | 2017-01-01 | $483,100 | $36,645 | S/L | 39.0000 | $12,388 |
| WHITEHALL | 2019-01-01 | $225,527 | ||||
| HYANNIS STAR LAND | 2017-01-01 | $399,300 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | WHITEHALL | AssetDesc |
| Acquired | 2019-01 | AcquiredDt |
| How Acquired | PURCHASE | HowAcquiredTxt |
| Sold | 2020-07 | SoldDt |
| Gross Sales Price | $1,201,313 | GrossSalesPriceAmt |
| Basis | $225,527 | BasisAmt |
| Sales Expense | $60,000 | SalesExpenseAmt |
| Total Net | $915,786 | TotalNetAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WELLS FARGO | $1,627,425 | $4,130,262 |
| WELLS FARGO | $354,387 | $1,035,996 |
| INDEPENDENCE PARK, INC STOCKS | $20,794,573 | $20,794,573 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|
| $483,100 | $49,033 | $434,067 |
| $399,300 | $399,300 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| OFFICE SUPPLIES | $8 | $8 |
| INVESTMENT EXPENSE | $670 | $670 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP REVENUE | Desc |
| Revenue And Expenses Per Books | $3,764 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $3,764 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED MA TAX | Desc |
| BOY Book Value | $35 | BOYBookValueAmt |
| EOY Book Value | $35 | EOYBookValueAmt |
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 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAXES | CategoryTxt |
| Amt | $31,726 | Amt |
| Net Investment Income | $295 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $31,017 | DisbursementsCharitablePrpsAmt |