BETA

PETTERS FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PETTERS FAMILY FOUNDATION (EIN 45-2323642)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-14
IRS object ID
202131349349100038
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)
Return2021-05-14T10:43:10-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN540737372PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PBMARES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 TOWN CENTER DRIVE SUITE 900AddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452323642EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETTERS FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPETTBusinessNameControlTxt
Phone7576243175PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1206 HILTON TERRACEAddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonC MICHAEL PETTERSPersonNm
Person TitleSECRETARY/TREASURERPersonTitleTxt
Phone7576243175PhoneNum
Signature2021-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCPersonFirstNm
Person LastMICHAEL PETTERSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID J DAMIANI CPAPreparerPersonNm
PTINP00736845PTIN
Phone7578731587PhoneNum
Preparation2021-05-11PreparationDt
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$47,298,819FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,160,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,069,762DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,069,762DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$396,303NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,221,719GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$3,237OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,237OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$3,836,696TotalRevAndExpnssAmt
Total Net Invst Incm$1,072,999TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$640LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$320LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$320LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$10,720AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,360AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$5,360AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$65,267OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$65,267OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$5,579TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5,566TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$13TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$82,206TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$76,513TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,693TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,082,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,082,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,164,506TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$76,513TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,087,993TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$672,190ExcessRevenueOverExpensesAmt
Net Investment Income$996,486NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,678,169SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,308,381SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,308,381SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$160RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$160RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$160RcvblFromOfficersEOYFMVAmt
Corporate Stock BOY$9,063,408CorporateStockBOYAmt
Corporate Stock EOY$10,468,472CorporateStockEOYAmt
Corporate Stock EOYFMV$27,949,685CorporateStockEOYFMVAmt
Other Investments BOY$13,643,852OtherInvestmentsBOYAmt
Other Investments EOY$12,025,830OtherInvestmentsEOYAmt
Other Investments EOYFMV$17,040,593OtherInvestmentsEOYFMVAmt
Total Assets BOY$25,385,589TotalAssetsBOYAmt
Total Assets EOY$24,802,843TotalAssetsEOYAmt
Total Assets EOYFMV$47,298,819TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$25,385,589NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$24,802,843NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$25,385,589TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$24,802,843TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$25,385,589TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$24,802,843TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$25,385,589TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$672,190ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$26,057,779SubtotalAmt
Other Decreases$1,254,936OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$24,802,843TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
Gross Sales Price$1,221,719GrossSalesPriceAmt
Cost Or Other Basis$1,618,022CostOrOtherBasisAmt
Gain Or Loss-$396,303GainOrLossAmt
Gains Minus Excess Or Losses-$396,303GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$396,303CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$13,851InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$13,851SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$13,851TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$30,675EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$30,675TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$16,824OverpaymentAmt
Applied To ES Tax$16,824AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr Satisfied0Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1C MICHAEL PETTERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7576243175PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1206 HILTON TERRACEAddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23601ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
C MICHAEL PETTERS
206 HILTON TERRACENEWPORT NEWSVA23601SECRETARY/TREASURER4.00$0$0$0
NANCY B PETTERS
206 HILTON TERRACENEWPORT NEWSVA23601PRESIDENT1.00$0$0$0
SARAH FLETCHER
206 HILTON TERRACENEWPORT NEWSVA23601VICE PRESIDENT1.00$0$0$0
CAROLINE G SAUER
206 HILTON TERRACENEWPORT NEWSVA23601VICE PRESIDENT1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$44,790,813AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,613,046AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$47,403,859TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$47,403,859AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$711,058CashDeemedCharitableAmt
Net Vl Noncharitable Assets$46,692,801NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,334,640MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,334,640MinimumInvestmentReturnAmt
Tax Based On Investment Income$13,851TaxBasedOnInvestmentIncomeAmt
Total Tax$13,851TotalTaxAmt
Distributable Before Adj$2,320,789DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$2,320,789DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$2,320,789DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,087,993ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$3,087,993QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$3,087,993AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,320,789DistributableAsAdjustedAmt
Undistributed Income PY$2,385,795UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$3,087,993QualifyingDistributionsAmt
Applied To Year1$2,385,795AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$702,198AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$1,618,591UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNANCY B PETTERSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
AN ACHIEVABLE DREAM
10858 WARWICK BLVD STE ANEWPORT NEWSVA23601NONE501 (C)(3) ORGANIZATGENERAL FUND SUPPORT$100,000
BEARINGS BIKE SHOP
982 MURPHY AVENUE SWATLANTAGA30310NONE501 (C)(3) ORGANIZATCAPITAL AND OPERATIONAL SUPPORT$100,000
BOYS & GIRLS CLUBS OF THE VIRGINIA PENINSULA
11825 ROCK LANDING DRIVE CHESAPEAKENEWPORT NEWSVA23606NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$100,000BLDG
COLLEGE OF WILLIAM & MARY FOUNDATION
PO BOX 1693WILLIAMSBURGVA23187NONE501 (C)(3) ORGANIZATSPONSORSHIP OF CAMP LAUNCH PROGRAM AND GENERAL SUPPORT$1,000,000
DOWNTOWN HAMPTON CHILD DEVELOPMENT CENTER
1306 THOMAS STREETHAMPTONVA23669NONE501 (C)(3) ORGANIZATGENERAL SUPPORT FOR LOW INCOME EARLY CHILDHOOD EDUCATION$30,000
DOWNTOWN HAMPTON CHILD DEVELOPMENT CENTER
1306 THOMAS STREETHAMPTONVA23669NONE501 (C)(3) ORGANIZATMUSIC FOR LEARNING$300
HAMPTON EDUCATION FOUNDATION
1 FRANKLIN STREETHAMPTONVA23669NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$5,000
JESUIT HIGH SCHOOL
4701 N HIMES AVENUETAMPAFL33614NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$100,000
SMART BEGINNINGS
11832 CANON BLVD SUITE FNEWPORT NEWSVA23606NONE501 (C)(3) ORGANIZATEDUCATION$1,000
SOUNDSCAPES
11712 JEFFERSON AVENUE SUITE C 473NEWPORT NEWSVA23602NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$40,000
THE FAISON CENTER
1701 BYRD AVENUERICHMONDVA23230NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$5,000
THE MARINER'S MUSEUM AND PARK
100 MUSEUM DRIVENEWPORT NEWSVA23606NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$100,000
TOUGALOO COLLEGE
500 COUNTY LINE ROADTOUGALOOMS39174NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$50,000
UNITED WAY OF THE VIRGINIA PENINSULA
11820 FOUNTAIN WAY 206NEWPORT NEWSVA23606NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$1,000,000
US NAVAL ACADEMY FOUNDATION
291 WOOD ROAD BEACH HALLANNAPOLISMD21402NONE501 (C)(3) ORGANIZATSUPPORT OF NAVAL ACADEMY ANNUAL FUND, STEM AND MINORITY OUTREACH FOR ADMISSIONS.$200,000
VIRGINIA CENTER FOR INCLUSIVE COMMUNITIES
5511 STAPLES MILL ROAD 202RICHMONDVA23228NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$50,000
VIRGINIA EARLY CHILDHOOD FOUNDATION
1703 N PARHAM RD SUITE 110RICHMONDVA23229NONE501 (C)(3) ORGANIZATEDUCATION$1,000
VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION
300 ARBORETUM PLACE SUITE 200RICHMONDVA23236NONE501 (C)(3) ORGANIZATGENERAL SUPPORT$200,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,082,300TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,069,762ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,237ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$396,303ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$676,696ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$676,696TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1CLEMENT M PETTERSBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1206 HILTON TERRACEAddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23601ZIPCd
FieldValueIRS element (for citing)
Total Contributions$3,160,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property13,947 SHARES OF HUNTINGTON INGALLS INDUSTRIES, INC.NoncashPropertyDesc
Fair Market Value$2,660,000FairMarketValueAmt
Received2020-03-09ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$10,720Amt
Net Investment Income$5,360NetInvestmentIncomeAmt
Disbursements Charitable Prps$5,360DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHUNTINGTON INGALLSStockNm
EOY Book Value$10,468,472EOYBookValueAmt
EOYFMV$27,949,685EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (19 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
AMERICAN FD EUROPACIFICAT COST$375,000$664,063
AMG YACKTMAN FOCUSED SERVICE FUNDAT COST$420,227$401,385
DODGE & COX INTERNATIONAL STOCK FUNDAT COST$1,534,263$1,558,892
DOUBLELINE TOTAL RETURN BOND FUNDAT COST$904,975$882,955
INVESCO S&P 500 LOWAT COST$1,414,460$2,487,390
ISHARES EDGE MSCI EAF MIN VOLAT COST$510,649$587,280
ISHARES INTLAT COST$75,084$68,253
ISHARES RUSSELL MID CAPAT COST$324,837$809,438
ISHR EDG MSCI EMERG MKT MIN VOLAT COST$201,153$207,672
SPDR S&P INTERNATIONALAT COST$14,692$21,281
SWAN DEFINED RISK FUNDAT COST$200,000$232,277
TEMPLETON GLOBAL BOND FUNDAT COST$1,008,641$746,708
VANGUARD FTSE EMERGINGAT COST$544,470$636,898
VANGUARD SHORT TERM TRSYAT COST$500,000$502,766
VANGUARD SMALL CAPAT COST$316,563$761,978
VANGUARD TOTAL STOCK MARKETAT COST$1,300,000$2,386,901
VANGUARD TOTAL STOCK ETFAT COST$230,816$667,810
VANGUARD VALUE INDEXAT COST$750,000$981,000
VANGUARD 500 INDEX FUNDAT COST$1,400,000$2,435,646

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGALCategoryTxt
Legal Fees$640LegalFeesAmt
Net Investment Income$320NetInvestmentIncomeAmt
Disbursements Charitable Prps$320DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBASIS ADJUSTMENT FOR DONATED STOCKDesc
Amt$1,254,936Amt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
RIDGEWOOD ENERGY V FUND$534$534$534
RIDGEWOOD ENERGY A-1 FUND, LLC$2,141$2,141$2,141
RIDGEWOOD ENERGY U FUND$562$562$562

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$65,267Amt
Net Investment Income$65,267NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
NANCY B PETTERS
206 HILTON TERRACENEWPORT NEWSVA23601
CLEMENT M PETTERS
206 HILTON TERRACENEWPORT NEWSVA23601

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES$5,554$5,554$0
TAXES AND LICENSES$25$12$13

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