QUEALLY FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- QUEALLY FOUNDATION INC (EIN 77-0607990)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202143199349109424
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T19:55:40-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 464409177 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECHELON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 63 TAYLOR AVE | AddressLine1Txt |
| City | MANASQUAN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08736 | 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 | 770607990 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE QUEALLY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | QUEA | BusinessNameControlTxt |
| Phone | 2039201544 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 326 SEABREEZE AVE | AddressLine1Txt |
| City | PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33480 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL QUEALLY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2039201544 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PAUL | PersonFirstNm |
| Person Last | QUEALLY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JING MAO | PreparerPersonNm |
| PTIN | P01345554 | PTIN |
| Phone | 7329037338 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $42,105,527 | 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 | $2,983,826 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $99,584 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $99,586 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$423,097 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,582,818 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $186,713 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $318,433 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $2,847,026 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $418,019 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,040 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $18,040 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $72,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $24,000 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $48,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $150,597 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $579 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $30,872 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $22,287 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,350 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $271,509 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $46,866 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $74,390 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,993,762 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,993,762 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,265,271 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $46,866 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,068,152 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$418,245 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $371,153 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $210,812 | CashBOYAmt |
| Sav And Temp Cash Invst EOY | $2,540,323 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,540,323 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $4,602,244 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,178,272 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $26,112,585 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $23,343,301 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $14,987,089 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $13,446,819 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $5,800 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $5,800 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $28,156,357 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,711,484 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $42,105,527 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $28,156,357 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,711,484 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $28,156,357 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,711,484 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $28,156,357 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $27,711,484 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $28,156,357 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$418,245 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $27,738,112 | SubtotalAmt |
| Other Decreases | $26,628 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $27,711,484 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES - FIDELITY X5670 | P | $1,177,480 | $1,319,148 | -$141,668 | -$141,668 |
| PUBLICLY TRADED SECURITIES - FIDELITY X7614 | P | $130,191 | $116,998 | $13,193 | $13,193 |
| PUBLICLY TRADED SECURITIES - JPM X7005 | P | $343,590 | -$343,590 | -$343,590 | |
| PUBLICLY TRADED SECURITIES - FIDELITY X7455 | P | $275,146 | $226,179 | $48,967 | $48,967 |
| CAPITAL GAINS DIVIDENDS | P | $1 | $1 | $1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$423,097 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,159 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,159 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,159 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $50,018 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $50,018 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $44,859 | OverpaymentAmt |
| Applied To ES Tax | $44,859 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | HTTPS://THEQUEALLYFOUNDATION.COM/ | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 5Q CAPITAL LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2039201544 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 57 LONE TREE FARM ROAD | AddressLine1Txt |
| City | NEW CANAAN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06840 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| ANNE-MARIE QUEALLY | ||||||||
| 326 SEABREEZE AVE | PALM BEACH | FL | 33480 | VICE PRESIDENT/ DIRECTOR | 1.00 | $0 | $0 | $0 |
| PAUL B QUEALLY | ||||||||
| 326 SEABREEZE AVE | PALM BEACH | FL | 33480 | PRESIDENT/ DIRECTOR/ SECRE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $17,696,176 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,094,031 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $12,619,469 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $33,409,676 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $33,409,676 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $501,145 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $32,908,531 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,645,427 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,645,427 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,159 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,159 | TotalTaxAmt |
| Distributable Before Adj | $1,640,268 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,640,268 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,640,268 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,068,152 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,068,152 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,068,152 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,640,268 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,503,651 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,790,661 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,965,544 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,525,586 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,703,423 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,488,865 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,068,152 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,640,268 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,427,884 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $10,916,749 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $2,503,651 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,413,098 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,790,661 | ExcessFromYear4Amt |
| Excess From Year3 | $1,965,544 | ExcessFromYear3Amt |
| Excess From Year2 | $1,525,586 | ExcessFromYear2Amt |
| Excess From Year1 | $1,703,423 | ExcessFromYear1Amt |
| Excess From Current Year | $1,427,884 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ANNE-MARIE QUEALLY | ContributingManagerNm |
| Contributing Manager | PAUL B QUEALLY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOOMER ESIASON FOUNDATION | |||||||
| 200B ARMSTRONG RD | GARDEN CITY PARK | NY | 11040 | NONE | PC | CHARITY DONATION | $25,000 |
| CATHOLIC ACADEMY OF BRIDGEPORT | |||||||
| 63 PEQUONNOCK ST | BRIDGEPORT | CT | 06604 | NONE | PC | GENERAL SUPPORT | $314,650 |
| COLUMBIA BUSINESS SCHOOL | |||||||
| 33 WEST 60TH ST 7TH FL | NEW YORK | NY | 10023 | NONE | PC | GENERAL SUPPORT | $150,000 |
| FRIENDS OF SCHOOL IN THE SQUARE INC | |||||||
| 120 WADSWORTH AVE | NEW YORK | NY | 10033 | NONE | PC | CHARITY DONATION | $50,000 |
| JDRF | |||||||
| 26 BROADWAY 14TH FLOOR | NEW YORK | NY | 10004 | NONE | PC | GENERAL SUPPORT | $254,085 |
| KING SCHOOL | |||||||
| 1450 NEWFIELD AVE | STAMFORD | CT | 06905 | NONE | PC | GENERAL SUPPORT | $46,760 |
| MASS GEN HOSP CENTER | |||||||
| 125 NASHUA ST SUITE 540 | BOSTON | MA | 021141101 | NONE | PC | GENERAL SUPPORT | $1,000 |
| RISING STARS INC | |||||||
| 99082 S 4515 RD | VIAN | OK | 74962 | NONE | PC | GENERAL SUPPORT | $70,000 |
| THE MCDAVID GROUP CHARITIES | |||||||
| 1 MAIN ST SUITE 202 | TEQUESTA | FL | 33469 | NONE | PC | CHARITY DONATION | $8,000 |
| UNIVERSITY OF RICHMOND | |||||||
| 114 UR DRIVE | UNIVERSITY OF RICHMOND | VA | 23173 | NONE | PC | GENERAL SUPPORT | $2,006,267 |
| US SKI & SNOWBOARD FOUNDATION | |||||||
| 1 VICTORY LN BOX 100 | PARK CITY | UT | 84060 | NONE | PC | GENERAL SUPPORT | $18,000 |
| YEAR UP | |||||||
| 85 BROAD ST | NEW YORK | NY | 10004 | NONE | PC | GENERAL SUPPORT | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,993,762 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $99,584 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $186,713 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$423,097 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$136,800 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$136,800 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| PAUL AND ANNE-MARIE QUEALLY | |||||||
| 1 | 326 SEABREEZE AVE | PALM BEACH | FL | 33480 | $2,965,786 | Yes (X) | Yes (X) |
| PAUL AND ANNE-MARIE QUEALLY | |||||||
| 2 | 326 SEABREEZE AVE | PALM BEACH | FL | 33480 | $18,040 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 6733 SHARES OF PAYCOM SOFTWARE | NoncashPropertyDesc |
| Fair Market Value | $2,965,786 | FairMarketValueAmt |
| Received | 2020-12-21 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEE | CategoryTxt |
| Amt | $18,040 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $18,040 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (68 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABERDEEN GLOBAL PREMIER PROP | $47,534 | $16,716 |
| GULF COAST ULTRA DEEP RTY TR ROYALTY TR | $9,592 | $92 |
| MEDTRONIC PLC COMMON STOCK | $147,128 | $223,972 |
| MUELLER WTR PRODS INC COM SER A STK | $209,100 | $371,400 |
| APPLE INC | $303,878 | $551,990 |
| MICROSOFT CORP | $250,036 | $331,851 |
| MASTERCARD INCORPORATED CL A | $421,422 | $596,090 |
| PAYCOM SOFTWARE INC AND OPTIONS | $6,877,936 | $21,134,999 |
| ACTIVISION BLIZZARD INC COM | $51,006 | $73,444 |
| ADOBE SYSTEMS INCORPORATED COM | $50,218 | $74,518 |
| ADVANCED MICRO DEVICES INC(AMD) | $53,257 | $97,213 |
| ALPHABET INC CAP STK CL A(GOOGL) | $19,674 | $26,290 |
| ALPHABET INC CAP STK CL C(GOOG) | $34,886 | $50,805 |
| AMAZON.COM INC (AMZN) | $33,941 | $48,854 |
| ANALOG DEVICES INC COM USD0.16 2/3 | $33,672 | $49,637 |
| AON PLC SHS CL A COM USD0.01(AON) | $19,192 | $21,761 |
| ARROWHEAD PHARMACEUTICALS INC | $31,171 | $54,402 |
| ASML HOLDING NV EUR0.09 NY REGISTRY | $55,919 | $96,081 |
| AUTODESK INC (ADSK) | $17,244 | $29,923 |
| AXONICS MODULATION TECHNOLOGIE COM | $27,929 | $33,396 |
| BEYOND MEAT INC COM (BYND) | $14,649 | $23,375 |
| BOSTON SCIENTIFIC CORP(BSX) | $18,513 | $18,335 |
| CHEWY INC CL A (CHWY) | $17,331 | $40,181 |
| CIENA CORP (CIEN) | $16,100 | $16,595 |
| COLGATE-PALMOLIVE CO COM USD1.00(CL) | $13,715 | $16,760 |
| COMCAST CORP (CMCSA) | $16,303 | $23,004 |
| CONSTELLATION BRANDS INC COM USD0.01 | $20,909 | $27,600 |
| COSTCO WHOLESALE CORP COM USD0.01 | $13,522 | $16,578 |
| COUPA SOFTWARE INC COM(COUP) | $28,280 | $64,732 |
| CSX CORP COM USD1 (CSX) | $57,754 | $81,131 |
| DANAHER CORPORATION COM(DHR) | $20,691 | $29,322 |
| DEXCOM INC (DXCM) | $51,997 | $69,138 |
| DOCUSIGN INC COM (DOCU) | $39,884 | $98,257 |
| DOMINO S PIZZA INC (DPZ) | $21,716 | $22,624 |
| DRAFTKINGS INC COM CL A(DKNG) | $43,297 | $36,736 |
| EDWARDS LIFESCIENCES CORP(EW) | $52,283 | $71,798 |
| ETSY INC COM (ETSY) | $16,067 | $59,956 |
| EVERBRIDGE INC COM (EVBG) | $32,483 | $41,292 |
| FACEBOOK INC-CLASS A(FB) | $42,360 | $62,554 |
| FIDELITY NATL INFORMATION SERVICES | $24,408 | $24,331 |
| FIVE9 INC COM USD0.001(FIVN) | $39,282 | $64,702 |
| GENERAL MTRS CO COM (GM) | $13,381 | $13,533 |
| GUARDANT HEALTH INC COM(GH) | $25,055 | $44,335 |
| HOME DEPOT INC (HD) | $23,026 | $27,093 |
| IDEXX LABORATORIES INC COM USD0.10 | $42,298 | $84,978 |
| INTUIT INC (INTU) | $41,397 | $63,815 |
| JPMORGAN CHASE & CO(JPM) | $52,462 | $63,535 |
| KEYSIGHT TECHNOLOGIES INC COM | $58,415 | $80,971 |
| MARRIOTT INTERNATIONAL INC | $18,765 | $29,022 |
| MASIMO CORP (MASI) | $50,427 | $70,584 |
| MEDTRONIC PLC (MDT) | $13,179 | $15,814 |
| MICROSOFT CORP (MSFT) | $43,526 | $54,715 |
| MONSTER BEVERAGE CORP NEW COM | $39,728 | $60,667 |
| NETFLIX INC (NFLX) | $43,033 | $58,399 |
| NEXTERA ENERGY INC COM USD0.01(NEE) | $30,881 | $40,735 |
| NVIDIA CORPORATION COM(NVDA) | $65,569 | $122,717 |
| PFIZER INC (PFE) | $13,794 | $14,761 |
| PROCTER AND GAMBLE CO COM(PG) | $13,457 | $16,279 |
| QUANTUMSCAPE CORP COM CL A(QS) | $13,493 | $15,454 |
| SILK RD MED INC COM (SILK) | $18,180 | $36,088 |
| TAPESTRY INC COM (TPR) | $18,269 | $38,974 |
| TPG PACE BENEFICIAL FIN CORP COM | $6,665 | $8,330 |
| TRADEWEB MKTS INC CL A (TW) | $54,959 | $68,320 |
| UNION PAC CORP COM(UNP) | $23,321 | $30,817 |
| UNIVERSAL DISPLAY CORP(OLED) | $45,019 | $71,698 |
| VISA INC (V) | $30,683 | $36,747 |
| ZEBRA TECHNOLOGIES CORPORATION CL A | $54,144 | $91,086 |
| ZENDESK INC COM USD0.01(ZEN) | $28,867 | $60,683 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PARTNERSHIP INTEREST IN HACKENSACK | AT COST | $748,710 | $1,125,794 |
| PARTNERSHIP INTEREST IN INVICTUS | AT COST | $3,007,602 | $2,833,765 |
| PARTNERSHIP INTEREST IN NORTH SHORE | AT COST | $6,684,064 | $6,629,195 |
| PARTNERSHIP INTEREST IN SAC LEASING | AT COST | $916,169 | $863,207 |
| PARTNERSHIP INTEREST IN WILDCAT | AT COST | $3,630,544 | $1,994,858 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RECEIVABLE FROM GULF FORE AFRICA | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $5,800 | EOYBookValueAmt |
| EOYFMV | $5,800 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX BASIS CAPITAL ADJUSTMENT | Desc |
| Amt | $26,628 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FILING FEES | $235 | $0 | $0 | $0 |
| OTHER EXPENSES THRU - INVICTUS FUND II | $1,899 | $1,899 | $0 | $0 |
| OTHER EXPENSES THRU - HACKENSACK | $924 | $924 | $0 | $0 |
| OTHER EXPENSES THRU - WILDCAT | $1,215 | $1,215 | $0 | $0 |
| BROKERAGE ACCOUNT FEES | $18,249 | $18,249 | $0 | $0 |
| WEBSITE DESIGN EXPENSE | $10,000 | $0 | $0 | $10,000 |
| REFUND FROM DIOCESE OF PALM BEACH | -$1,650 | $0 | $0 | -$1,650 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| HACKESACK RENTAL LOSS | -$1,980 | -$1,980 |
| WILDCAT CLO LLC K-1 INTEREST | $118 | $118 |
| LAZARD K-1 DIVIDEND | $1,063 | $1,063 |
| HACKENSACK K-1 DIVIDEND | $1 | $1 |
| INVICTUS FUND K-1 DIVIDEND | $314,000 | $314,000 |
| NORTH SHORE K-1 INTEREST | $3,351 | $3,351 |
| NORTH SHORE K-1 RENTAL | -$242,930 | -$242,930 |
| NORTH SHORE K-1 OTHER INCOME | -$100 | -$100 |
| PRIOR YEAR REFUND | $45,018 | $0 |
| SAC LEASING K-1 ORDINARY BUSINESS INCOME | $68,172 | $68,172 |
| ADJ FOR UBTI REPORTED ON 990-T | $0 | $176,738 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PHILANTHROPIC CONSULTING FEE | CategoryTxt |
| Amt | $72,000 | Amt |
| Net Investment Income | $24,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $48,000 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL B QUEALLY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 326 SEABREEZE AVE | AddressLine1Txt |
| City | PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33480 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | $150,018 | $0 | $0 | $0 |
| FOREIGN TAX | $579 | $579 | $0 | $0 |