BETA

MARTINO FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MARTINO FAMILY FOUNDATION (EIN 45-6635594)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-08-25
IRS object ID
202022389349100007
Schema version
2019v5.1
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)
Return2020-08-25T09:49:02-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 PARK AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100175001ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN456635594EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Martino Family FoundationBusinessNameLine1Txt
Business Name Line2C/O Michael E MartinoBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL E MARTINOInCareOfNm
Business Name ControlMARTBusinessNameControlTxt
Phone2127711232PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1329 Mariomi RoadAddressLine1Txt
CityNew CanaanCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL MARTINOPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2128858000PhoneNum
Signature2020-08-24SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJonathan SchmeltzPreparerPersonNm
PTINP00182786PTIN
Phone2128858000PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.191.210.42IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id26308920202385000012FederalOriginalSubmissionId
Federal Original Submission Id2020-08-25FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id1BE7027E86CD88B84C6BCF52FE2FE234F1A6B228AtSubmissionCreationDeviceId
At Submission Filing Device Id2EE81F7B35CA99BC81CCE04FD5EE150ED357CFC2AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-01-07 14:23:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$103,824,740FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Net Gain Sale Ast Rev And Expnss$715,092NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$7,455,459GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$715,092CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$715,092TotalRevAndExpnssAmt
Total Net Invst Incm$715,092TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,581,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,581,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,581,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,581,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,866,408ExcessRevenueOverExpensesAmt
Net Investment Income$715,092NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$183,685CashBOYAmt
Cash EOY$2,092,185CashEOYAmt
Cash EOYFMV$2,092,185CashEOYFMVAmt
Corporate Stock BOY$101,265,773CorporateStockBOYAmt
Corporate Stock EOY$94,490,865CorporateStockEOYAmt
Corporate Stock EOYFMV$101,732,555CorporateStockEOYFMVAmt
Total Assets BOY$101,449,458TotalAssetsBOYAmt
Total Assets EOY$96,583,050TotalAssetsEOYAmt
Total Assets EOYFMV$103,824,740TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$101,449,458RetainedEarningBOYAmt
Retained Earning EOY$96,583,050RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$101,449,458TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$96,583,050TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$101,449,458TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$96,583,050TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$101,449,458TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,866,408ExcessRevenueOverExpensesAmt
Subtotal$96,583,050SubtotalAmt
Tot Net Ast Or Fund Balances EOY$96,583,050TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyAVAILABLE UPON REQUESTPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$7,455,459GrossSalesPriceAmt
Cost Or Other Basis$6,740,367CostOrOtherBasisAmt
Gain Or Loss$715,092GainOrLossAmt
Gains Minus Excess Or Losses$715,092GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$715,092CapitalGainNetIncomeAmt
FieldValueIRS element (for citing)
Qlfy Und Sect4940e Reduced TaxQlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$14,302InvestmentIncomeExciseTaxAmt
Subtotal$14,302SubtotalAmt
Tax Based On Investment Income$14,302TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$538EsPenaltyAmt
Tax Due$14,840TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL E MARTINOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127711232PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1329 MARIOMI ROADAddressLine1Txt
CityNEW CANNANCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMICHAEL E MARTINOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1329 Mariomi RoadAddressLine1Txt
CityNew CanaanCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$107,496,105AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,879,185AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$109,375,290TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$109,375,290AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,640,629CashDeemedCharitableAmt
Net Vl Noncharitable Assets$107,734,661NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,386,733MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,386,733MinimumInvestmentReturnAmt
Tax Based On Investment Income$14,302TaxBasedOnInvestmentIncomeAmt
Total Tax$14,302TotalTaxAmt
Distributable Before Adj$5,372,431DistributableBeforeAdjAmt
Distributable Before Ded$5,372,431DistributableBeforeDedAmt
Distributable As Adjusted$5,372,431DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,581,500ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$5,581,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,581,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,372,431DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12017PriorYear1Yr
Prior Year22016PriorYear2Yr
Prior Year32015PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr1$356,359ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$356,359TotalExcessDistributionCyovAmt
Qualifying Distributions$5,581,500QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$5,372,431AppliedToCurrentYearAmt
Remaining Distri From Corpus$209,069RemainingDistriFromCorpusAmt
Total Corpus$565,428TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$565,428ExcessDistriCyovToNextYrAmt
Excess From Year1$356,359ExcessFromYear1Amt
Excess From Current Year$209,069ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE FEDERALIST SOCIETY
1015 18TH STREET NWSUITE 425WASHINGTONDC20036NONECHARITABLE$350,000
THE AMERICAN ENTERPRISE INSTITUTE
1150 SEVENTEENTH STREET NWWASHINGTONDC20036NONECHARITABLE$150,000
ST ALOYSIUS CHURCH
40 Maple StreetNEW CANAANCT06840NONECHARITABLE$25,000
FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROADFAIRFILEDCT068245195NONECHARITABLE$1,000,000
ST LUKE'S SCHOOL
377 NORTH WILTON ROADNEW CANAANCT06840NONECHARITABLE$60,000
Surfers' Environmental Alliance
543 2nd AveLong BranchNJ07740NONECHARITABLE$50,000
Dana-Farber Cancer Institute
450 Brookline AveBOSTONMA02215NONECHARITABLE$1,000,000
INNER CITY SCHOLARSHIP FUND
1011 1st Avenue 1400NEW YORKNY10022NONECHARITABLE$1,000,000
BOYS TOWN
14100 crawford streetboys townNE68010NONECHARITABLE$250,000
ANNUAL CATHOLIC APpeal
310 prospect park westbrooklynNY11215NONECHARITABLE$750,000
CHILDREN OF FALLEN Patriots
1818 library street suite 500restonVA20190NONECHARITABLE$25,000
Cato Institute
1000 Massachusetts Ave NWWashingtonDC20001nonecharitable$50,000
Memorial Sloan-Kettering Cancer
1275 YORK AVENUENEW YORKNY10065NONECHARITABLE$150,000
Young American's Foundation
11480 Commerce Park DriveRestonVA20191NONECHARITABLE$75,000
New York Philharmonic
10 Lincoln Center PlazaNew YorkNY10023NONECHARITABLE$46,500
Institute for Justice
901 N Glebe Road Suite 900ArlingtonVA22203NONECHARITABLE$250,000
The Becket Fund
1350 Conneticut Ave NWWashingtonDC20036NONECHARITABLE$250,000
Turning Point USA
4940 East Beverly RoadPhoenixAZ85044NONECHARITABLE$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,581,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$715,092ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$715,092ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$715,092TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIRST REPUBLIC SECURITIES CORP$50,092$50,092
MASON CAPITAL, LTD.$94,440,773$101,682,463

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonMICHAEL E MARTINOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1329 Mariomi RoadAddressLine1Txt
CityNEW CANAANCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd

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