GARIPPA FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GARIPPA FOUNDATION INC (EIN 01-0846118)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-10-13
IRS object ID
202142869349100304
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-13T06:59:31-07:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222747750PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Angelo & Pacilli PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1340 North Avenue EastAddressLine1Txt
CityCranfordCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07016ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010846118EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GARIPPA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGARIBusinessNameControlTxt
Phone2396497710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1925 ADMIRALTY PARADEAddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN GARIPPAPersonNm
Person TitleDirectorPersonTitleTxt
Signature2021-10-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHNPersonFirstNm
Person LastGARIPPAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAlfred Angelo CPAPreparerPersonNm
PTINP00788207PTIN
Phone9082768300PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$1,957,886FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$206,970ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$66InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$66InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$14,406DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,406DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$684,452NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,358,980GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$829,224CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$905,894TotalRevAndExpnssAmt
Total Net Invst Incm$843,696TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$9,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$4,500CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$4,500CompOfcrDirTrstDsbrsChrtblAmt
Taxes Rev And Expnss$61TaxesRevAndExpnssAmt
Taxes Net Invst Incm$31TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$30TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$30,754OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$15,377OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$15,377OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$39,815TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$19,908TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$19,907TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$89,815TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$19,908TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$69,907TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$816,079ExcessRevenueOverExpensesAmt
Net Investment Income$823,788NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,908CashBOYAmt
Cash EOY$57,332CashEOYAmt
Cash EOYFMV$57,332CashEOYFMVAmt
Sav And Temp Cash Invst BOY$75,128SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,297,622SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,297,622SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$644,938CorporateStockBOYAmt
Corporate Stock EOY$341,099CorporateStockEOYAmt
Corporate Stock EOYFMV$549,039CorporateStockEOYFMVAmt
Corporate Bonds BOY$200,000CorporateBondsBOYAmt
Other Investments EOY$50,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$53,893OtherInvestmentsEOYFMVAmt
Total Assets BOY$929,974TotalAssetsBOYAmt
Total Assets EOY$1,746,053TotalAssetsEOYAmt
Total Assets EOYFMV$1,957,886TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$929,974CapitalStockBOYAmt
Capital Stock EOY$1,746,053CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$929,974TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,746,053TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$929,974TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,746,053TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$929,974TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$816,079ExcessRevenueOverExpensesAmt
Subtotal$1,746,053SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,746,053TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$829,224CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,451InvestmentIncomeExciseTaxAmt
Subtotal$11,451SubtotalAmt
Tax Based On Investment Income$11,451TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$216EsPenaltyAmt
Tax Due$11,667TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.GARIPPAFOUNDATION.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JOHN GARIPPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2396497710PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1925 ADMIRALTY PARADEAddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP341027872ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JOHN GARIPPA
925 ADMIRALTY PARADENAPLESFL341027872Director1.00$0
LINDA GARIPPA
925 ADMIRALTY PARADENAPLESFL341027872Director1.00$0
JOHN S GARIPPA
8157 MADISON LAKE CIRCLE SOUTHDAVIEFL33328Director6.00$9,000
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CONTRIBUTION - THE NAPLES GATHERING CHURCH, NAPLES, FLDescription1Txt
Expenses1$40,000Expenses1Amt
Description2CONTRIBUTION - DOWNTOWN HARBOR CHURCH, FORT LAUDERDALE, FLDescription2Txt
Expenses2$10,000Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,120,438AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$618,382AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,738,820TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,738,820AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,082CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,712,738NetVlNoncharitableAssetsAmt
Minimum Investment Return$85,637MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$85,637MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,451TaxBasedOnInvestmentIncomeAmt
Total Tax$11,451TotalTaxAmt
Distributable Before Adj$74,186DistributableBeforeAdjAmt
Distributable Before Ded$74,186DistributableBeforeDedAmt
Distributable As Adjusted$74,186DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$69,907ExpensesAndContributionsAmt
Qualifying Distributions$69,907QualifyingDistributionsAmt
Adjusted Qualifying Distri$69,907AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$74,186DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$131,254ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$42,496ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$33,407ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$8,497ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$215,654TotalExcessDistributionCyovAmt
Qualifying Distributions$69,907QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$69,907AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$4,279ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,279ExcessDistributionCyovAppCYAmt
Total Corpus$211,375TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$126,975ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$84,400ExcessDistriCyovToNextYrAmt
Excess From Year4$42,496ExcessFromYear4Amt
Excess From Year3$33,407ExcessFromYear3Amt
Excess From Year1$8,497ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOHN GARIPPAContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE GARIPPA FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1925 ADMIRALTY PARADEAddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34106ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2396497710RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission Deadlines12/31SubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE NAPLES GATHERING
925 ADMIRALTY PARADENAPLESFL34102NONEPCCHARITABLE$40,000
DOWNTOWN HARBOR CHURCH
401 SW 2ND STREETFT LAUDERDALEFL33312NONEPCCHARITABLE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$66RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,406RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$684,452RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$698,924RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$698,924TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp (5 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
KEITH FERRARI
11066 VON CREST DRIVEFRANKLINTN37069$13,000Yes (X)
RALPH STAYER
22100 GORDON DRIVENAPLESFL34102$25,000Yes (X)
ANN CORNELL
34875 PELICAN COLONY BLVDBONITA SPRINGSFL34134$30,000Yes (X)
DAVID GARIPPA
4615 PARDEE LANEHADDONFIELDNJ08033$5,000Yes (X)
JOHN GARIPPA
5925 ADMIRALTY PARADENAPLESFL34102$101,730Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor5ContributorNum
Noncash Property564 Shares Paypal Holdings IncNoncashPropertyDesc
Fair Market Value$101,730FairMarketValueAmt
Received2020-11-20ReceivedDt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Advertising$22,122$11,061$11,061
Computer Expenses - Web Site$1,907$954$953
Editing - Radio$5,120$2,560$2,560
Insurance Expense$656$328$328
Office Expenses$949$474$475

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
JOHN GARIPPA
925 ADMIRALTY PARADENAPLESFL34102
ANN CORNELL
4875 PELICAN COUNTY BLVDBONITA SPRINGSFL34134
RALPH STAYER
2100 GORDON DRIVENAPLESFL34102
DAVID GARIPPA
615 PARDEE LANEHADDONFIELDNJ08033
KEITH FERRARI
1066 VON CREST DRIVEFRANKLINTN37069

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFlorida Annual ReportCategoryTxt
Amt$61Amt
Net Investment Income$31NetInvestmentIncomeAmt
Disbursements Charitable Prps$30DisbursementsCharitablePrpsAmt

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