ROBERT J NOLAN FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ROBERT J NOLAN FOUNDATION INC (EIN 22-2826285)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2021-12-16
- IRS object ID
- 202133509349100208
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-12-16T10:16:09-06:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 141515307 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEFCO CPA'S LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 PINE ST | AddressLine1Txt |
| City | GLENS FALLS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 128013444 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222826285 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT J NOLAN FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROBE | BusinessNameControlTxt |
| Phone | 5187924900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82 GLENWOOD AVENUE | AddressLine1Txt |
| City | QUEENSBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12804 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL BORGOS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5187924900 | PhoneNum |
| Signature | 2021-12-08 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | BORGOS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN S FLINT CPA | PreparerPersonNm |
| PTIN | P01070105 | PTIN |
| Phone | 5187937783 | PhoneNum |
| Preparation | 2021-12-16 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,345,985 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $20,839 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $5,399 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,399 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $5,399 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $38,906 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $38,906 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $38,906 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $315,414 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,311,851 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $315,414 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $50,313 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $380,558 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $359,719 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $94,618 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $8,217 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $8,217 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,515 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $1,515 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $486 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $284 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $13,735 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $12,141 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,484 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $23,953 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $12,141 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $11,500 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $58,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $58,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $82,703 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $12,141 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $70,250 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $297,855 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $347,578 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $94,618 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $239 | CashBOYAmt |
| Cash EOY | $304 | CashEOYAmt |
| Cash EOYFMV | $304 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $90,336 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,834 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $20,834 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $200 | PrepaidExpensesBOYAmt |
| Corporate Stock BOY | $960,899 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,312,776 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,600,476 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $690,362 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $706,400 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $724,371 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $1,742,036 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,040,314 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,345,985 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $762 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,185 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $762 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,185 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,741,274 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,039,129 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,741,274 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,039,129 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,742,036 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,040,314 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,741,274 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $297,855 | ExcessRevenueOverExpensesAmt |
| Subtotal | $2,039,129 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,039,129 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (48 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| VIATRIS INC. | P | 2020-11-30 | $16 | $10 | $6 | $6 |
| COMCAST CORP NEW CL A | P | 2021-09-03 | $6,166 | $3,954 | $2,212 | $2,212 |
| JOHNSON & JOHNSON | P | 2021-09-03 | $6,122 | $1,772 | $4,350 | $4,350 |
| UNION PACIFIC CORP | P | 2021-09-03 | $10,772 | $2,591 | $8,181 | $8,181 |
| CALVERT EQUITY FUND | P | 2021-03-04 | $97,920 | $84,160 | $13,760 | $13,760 |
| DISNEY (WALT) COMPANY HOLDING CO | P | 2021-09-03 | $7,550 | $1,199 | $6,351 | $6,351 |
| JP MORGAN US EQUITY FUND | P | 2021-09-03 | $45,132 | $32,855 | $12,277 | $12,277 |
| UNITED PARCEL SERVICE | P | 2021-09-03 | $8,332 | $4,236 | $4,096 | $4,096 |
| CATERPILLAR INC | P | 2021-03-15 | $15,455 | $15,106 | $349 | $349 |
| DUKE ENERGY CORPORATION NEW | P | 2021-09-03 | $1,911 | $1,362 | $549 | $549 |
| JPMORGAN SMALL CAP GROWTH FUND | P | 2021-09-03 | $4,580 | $3,168 | $1,412 | $1,412 |
| VERIZON COM,MUNICATIONS INC | P | 2021-09-03 | $1,106 | $634 | $472 | $472 |
| JANUS ENTERPRISE | P | 2021-02-17 | $7,276 | $6,194 | $1,082 | $1,082 |
| FEDERATED TOTAL RETURN SERS FH TL RT | P | 2021-09-29 | $10,000 | $10,088 | -$88 | -$88 |
| ELI LILLY & CO | P | 2021-09-03 | $22,616 | $6,750 | $15,866 | $15,866 |
| JANUS ENTERPRISE | P | 2021-02-17 | $40,851 | $31,509 | $9,342 | $9,342 |
| FIDELITY 500 INDEX FUND | P | 2021-09-03 | $142,120 | $102,266 | $39,854 | $39,854 |
| LOCKHEED MARTIN CORP | P | 2021-09-03 | $3,215 | $1,730 | $1,485 | $1,485 |
| PUTNAM ULTRA SHORT DURATION INCOME | P | 2021-01-22 | $40,965 | $40,924 | $41 | $41 |
| FIDELITY NASDAQ COMPOSITE INDEX FUND | P | 2021-09-03 | $60,236 | $49,730 | $10,506 | $10,506 |
| LORD ABBETT SHORT DURATION INCOME FD | P | 2021-09-03 | $23,253 | $23,364 | -$111 | -$111 |
| VIATRIC INC. | P | 2021-01-06 | $732 | $425 | $307 | $307 |
| FIDELITY CONTRAFUND | P | 2021-09-03 | $65,331 | $54,208 | $11,123 | $11,123 |
| MERCK & CO., INC | P | 2021-09-03 | $10,415 | $4,664 | $5,751 | $5,751 |
| ORGANON & CO. | P | 2021-06-28 | $680 | $392 | $288 | $288 |
| FIDELITY CONTRAFUND | P | 2021-09-03 | $90,556 | $69,745 | $20,811 | $20,811 |
| MIRCROSOFT | P | 2021-09-03 | $23,542 | $1,853 | $21,689 | $21,689 |
| ALPHABET INC. | P | 2021-09-03 | $20,340 | $7,819 | $12,521 | $12,521 |
| FIDELITY ADVISOR TOTAL BD | P | 2021-08-27 | $64,873 | $64,567 | $306 | $306 |
| NEXTERA ENERGY INC | P | 2021-09-03 | $7,663 | $1,362 | $6,301 | $6,301 |
| AMERICAN EXPRESS | P | 2021-09-03 | $6,342 | $1,156 | $5,186 | $5,186 |
| FIDELITY ADVISOR TOTAL BD | P | 2021-08-27 | $179,060 | $183,195 | -$4,135 | -$4,135 |
| ORACLE COPR 1.9% | P | 2021-09-15 | $15,000 | $15,000 | ||
| APPLE INC | P | 2021-09-03 | $6,010 | $1,269 | $4,741 | $4,741 |
| FIDELITY LARGE CAP VALUE INDEX FUND | P | 2021-09-03 | $56,697 | $49,730 | $6,967 | $6,967 |
| PERMANENT PRORTFOLIO | P | 2021-09-03 | $17,400 | $14,025 | $3,375 | $3,375 |
| BLACKROCK MID CAP GROWTH EQUITY FUND | P | 2021-09-03 | $3,586 | $3,271 | $315 | $315 |
| GENERAL DYNAMICS CORPORATION | P | 2021-09-03 | $6,083 | $6,658 | -$575 | -$575 |
| PFIZER INC | P | 2021-09-03 | $3,221 | $1,648 | $1,573 | $1,573 |
| BOEING | P | 2021-09-03 | $9,841 | $6,499 | $3,342 | $3,342 |
| INEL CORP | P | 2021-09-03 | $482 | $294 | $188 | $188 |
| PROCTOR & GAMBLE CO | P | 2021-09-03 | $16,146 | $8,795 | $7,351 | $7,351 |
| COCA COLA CO | P | 2021-09-03 | $6,962 | $4,732 | $2,230 | $2,230 |
| INTEL BUSINESS MACHINES | P | 2021-09-03 | $4,884 | $5,807 | -$923 | -$923 |
| T ROWE PRICE BLUE CHIP GROWTH | D | 2021-09-03 | $68,796 | $49,590 | $19,206 | $19,206 |
| COLGATE PALMOLIVE | P | 2021-09-03 | $12,480 | $6,767 | $5,713 | $5,713 |
| INTERNATIONAL PAPER CO | P | 2021-09-03 | $6,015 | $4,593 | $1,422 | $1,422 |
| US BANCORP DEL COM NEW | P | 2021-09-03 | $12,886 | $4,771 | $8,115 | $8,115 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $315,414 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $50,313 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,831 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,831 | SubtotalAmt |
| Tax Based On Investment Income | $4,831 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $4,831 | 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 | NY | 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 | RJNOLANFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | LISA BUSHMAN | IndividualWithBooksNm |
| Phone | 5187924900 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82 GLENWOOD AVENUE | AddressLine1Txt |
| City | QUEENSBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12804 | 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 (7 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL BORGOS | ||||||||
| 82 GLENWOOD AVE | QUEENSBURY | NY | 12804 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| KEVIN MAHONEY | ||||||||
| 15 COOPER STREET | GLENS FALLS | NY | 12801 | SECRETARY | 2.00 | $0 | $0 | $0 |
| DAVE MORNHINWEG | ||||||||
| 1011 OAKLAKE TRAIL | WATKINSVILLE | GA | 30677 | VICE PRESIDE | 2.00 | $0 | $0 | $0 |
| KATE HOGAN | ||||||||
| 14 COOLIDGE AVENUE | GLENS FALLS | NY | 12801 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| JOHN C MANNIX JR | ||||||||
| 198 CHURCH STREET | SARATOGA SPRINGS | NY | 12866 | TREASURER | 2.00 | $0 | $0 | $0 |
| RICHARD MEATH | ||||||||
| 2 APPLE LANE | QUEENSBURY | NY | 12804 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| LISA BUSHMAN | ||||||||
| 82 GLENWOOD AVENUE | QUEENSBURY | NY | 12804 | ADMINIST. SE | 2.00 | $8,217 | $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 | $2,229,723 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $41,100 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,270,823 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $2,270,823 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $34,062 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,236,761 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $111,838 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $111,838 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,831 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,831 | TotalTaxAmt |
| Distributable Before Adj | $107,007 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $107,007 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $107,007 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $70,250 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $70,250 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $70,250 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $107,007 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr2 | $10,618 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $10,618 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $70,250 | QualifyingDistributionsAmt |
| Applied To Current Year | $70,250 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $10,618 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $10,618 | ExcessDistributionCyovAppCYAmt |
| Undistributed Income CY | $26,139 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE ROBERT J NOLAN FOUNDATION INC | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | MICHAEL BORGOS 82 GLENWOOD AVENUE | AddressLine1Txt |
| City | QUEENSBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12804 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5187924900 | RecipientPhoneNum |
| Form And Info And Materials | EACH STUDENT WILL SUBMIT AN APPLICATION FOR CONSIDERATION. THE APPLICATION REQUESTS INFORMATION ON THE FOLLOWING AREAS: 1.EDUCATIONAL ACHIEVEMENT; 2. PARTICIPATION IN HIGH SCHOOL VARSITY ATHLETIC TEAMS; 3. EXTRACURRICULAR SCHOOL-RELATED ACTIVITIES; 4. CIVIC ACTIVITIES; 5. RELIGIOUS ORGANIZATION PARTICIPATION AND 6. FINANCIAL NEED. THE DIRECTORS WOULD USE THE INFORMATION FROM THE APPLICATION TO SELECT RECIPIENTS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | ALL APPLICATIONS ARE DUE BY MAY 15. THE FOUNDATION WILL PUBLICIZE THE EXISTENCE OF THE SCHOLARSHIP P | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE ROBERT J NOLAN FOUNDATION, INC. WILL AWARD SCHOLARSHIPS TO INDIVIDUALS ATTENDING SECONDARY SCHOOLS WHO ARE FROM THE GREATER GLENS FALLS AREA. SCHOLARSHIPS ARE AWARDED TO THE WELL-BALANCED STUDENT WITH A SPECIAL EMPHASIS ON PARTICIPATION IN VARSITY ATHLETIC TEAMS AND THE EXPRESSED INTENTION OF PARTICIPATION IN ORGANIZED ATHLETIC TEAMS AND ENDEAVORS AT THE UNDERGRADUATE AND/OR GRADUATE LEVEL. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| MIA COTE | ||||||
| 1 FAXON ST | GLENS FALLS | NY | 12801 | NONE | SCHOLARSHIP | $2,500 |
| HANNAH MAGER | ||||||
| 34 COLLETTE LANE | HUDSON FALLS | NY | 12839 | NONE | SCHOLARSHIP | $2,500 |
| AARON MESSINA | ||||||
| 37 EDGEWOOD DR | QUEENSBURY | NY | 12804 | NONE | SCHOLARSHIP | $5,000 |
| LAUREN HAUSER | ||||||
| 22 LOGAN AVE APT B | GLENS FALLS | NY | 12801 | NONE | SCHOLARSHIP | $2,500 |
| CODY YORK | ||||||
| 91 YORK RD | CORINTH | NY | 12822 | NONE | SCHOLARSHIP | $5,000 |
| BRIAN BEYERBACH | ||||||
| 6 SHERWOOD DRIVE | QIEENSBURY | NY | 12804 | NONE | SCHOLARSHIP | $2,500 |
| MACKENZIE COLLIER | ||||||
| 523 SELFRIDGE ROAD | GANSEVOORT | NY | 12831 | NONE | SCHOLARSHIP | $5,000 |
| BRANDON BONDY | ||||||
| 65 SARA JEN DR | QUEENSBURY | NY | 12804 | NONE | SCHOLARSHIP | $5,000 |
| JESSICA BETTS | ||||||
| 12 IRIS AVE | SO GLENS FALLS | NY | 12803 | NONE | SCHOLARSHIP | $2,500 |
| DEREK BUSHMAN | ||||||
| 338 REYNOLDS ROAD | FORT EDWARD | NY | 12828 | NONE | SCHOLARSHIP | $5,000 |
| DEMETER BURNS | ||||||
| 30 CONSTITUTION WAY | QUEENSBURY | NY | 12804 | NONE | SCHOLARSHIP | $3,750 |
| BIANCA MALLETTE | ||||||
| 44 CHERRY TREE LANE | GANSEVOORT | NY | 12831 | NONE | SCHOLARSHIP | $2,500 |
| LEA RICHARD | ||||||
| 422 BROWNVILLE ROAD | GANSEVOORT | NY | 12831 | NONE | SCHOLARSHIP | $5,000 |
| SAMUEL ROWLEY | ||||||
| 7 PAULS WAY | QUEENSBURY | NY | 12804 | NONE | SCHOLARSHIP | $5,000 |
| LANNING TOREBKA | ||||||
| 13 CLARK STREET | SO GLENS FALLS | NY | 12803 | NONE | SCHOLARSHIP | $5,000 |
| LAUREN WILLIS | ||||||
| 20 SNOWBERRY LANE | GANSEVOORT | NY | 12831 | NONE | SCHOLARSHIP | $2,500 |
| GABRIELLA MARCHELLO | ||||||
| 41 DIESKAU STREET | LAKE GEORGE | NY | 12845 | NONE | SCHOLARSHIP | -$2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $58,750 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $5,399 | RelatedOrExemptFunctionIncmAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $38,906 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $315,414 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $359,719 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $359,719 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 3 | THE ROBERT J. NOLAN FOUNDATION, INC. WAS FORMED ON |
| 4 | DECEMBER 18, 1986 FOR THE PURPOSE OF DISBURSING |
| 8 | EDUCATIONAL ASSISTANCE TO GRADUATE AND UNDERGRADUATE STUDENTS FROM THE GREATER GLENS FALLS AREA. THE RECIPIENTS MUST BE QUALIFIED IN THE FOLLOWING AREAS: EDUCATIONAL ACHIEVEMENT; PARTICIPATION IN HIGH SCHOOL VARSITY TEAMS; EXTRA-CURRICULAR SCHOOL-RELATED ACTIVITIES; RELIGIOUS ORGANIZATION PARTICIPATION AND FINANCIAL NEED. ROBERT J. NOLAN MADE A GIFT OF STOCK IN A NEW YORK CORPORATION, COLONIAL CABLEVISION, INC., WHICH STOCK WAS VALUED AT AND WAS SOLD FOR 1,000,000.00. NO OTHER FINANCIAL SUPPORT FOR THE FOUNDATION EXISTS. |
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 | FEES PAID FOR PREPARATION OF 990 | CategoryTxt |
| Amt | $1,515 | Amt |
| Disbursements Charitable Prps | $1,515 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | $706,400 | EOYBookValueAmt |
| EOYFMV | $724,371 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | $1,312,776 | EOYBookValueAmt |
| EOYFMV | $1,600,476 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXPENSES | |||
| BANK INVESTMENT FEES | $12,141 | $12,141 | |
| FILING FEES | $250 | $250 | |
| INSURANCE | $874 | $874 | |
| OFFICE EXPENSE | $360 | $360 | |
| PENALTY& INTEREST | $110 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL LIABILITIES | Desc |
| BOY Book Value | $762 | BOYBookValueAmt |
| EOY Book Value | $1,185 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| FORM 990-PF | $202 | |
| PAYROLL TAXES | $284 | $284 |
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