MORSE HILL FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MORSE HILL FOUNDATION INC (EIN 22-3083890)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-09
- IRS object ID
- 202023149349100767
- 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
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-09T10:11:11-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHADE TREE ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY SUITE 101B | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223083890 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORSE HILL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % SHADE TREE ADVISORS | InCareOfNm |
| Business Name Control | MORS | BusinessNameControlTxt |
| Phone | 5182909460 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY 101 C/O SHADE TREE | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL B PICOTTE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5182909460 | PhoneNum |
| Signature | 2020-07-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY CARBONE | PreparerPersonNm |
| PTIN | P01247414 | PTIN |
| Phone | 5182909460 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 184.74.33.154 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 14408220203145000001 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-09 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | D5CA144E4D2CE97C13F326FF615E7F76E2D6D1EA | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 974B189AA03AD2936D6956B9439A8D2DF1AA49E2 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $13,594,606 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $4,488 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,488 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $126,251 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $126,251 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $499,182 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,044,273 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $499,182 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,303 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,303 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $631,224 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $631,224 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $684 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,050 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $2,050 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $133 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $133 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $14,598 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,409 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $33 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $82,401 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $53,754 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $28,507 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $99,866 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $62,296 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $30,590 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $622,809 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $622,809 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $722,675 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $62,296 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $653,399 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$91,451 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $568,928 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $400,022 | CashBOYAmt |
| Cash EOY | $96,133 | CashEOYAmt |
| Cash EOYFMV | $96,133 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $27,149 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $153,385 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $153,385 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $7,009,850 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,441,781 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,363,688 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,146,672 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,968,400 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,961,277 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $11,344 | OtherAssetsBOYAmt |
| Other Assets EOY | $10,651 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $20,123 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $10,595,037 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,670,350 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,594,606 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $50,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $330,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $50,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $330,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $10,545,037 | CapitalStockBOYAmt |
| Capital Stock EOY | $10,340,350 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,545,037 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,340,350 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,595,037 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,670,350 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,545,037 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$91,451 | ExcessRevenueOverExpensesAmt |
| Other Increases | $541,029 | OtherIncreasesAmt |
| Subtotal | $10,994,615 | SubtotalAmt |
| Other Decreases | $654,265 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,340,350 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| JENSEN QUALITY GROWTH FUND | 2018-12-07 | 2019-01-03 | $206,624 | $225,267 | -$18,643 | -$18,643 | |
| VANGUARD SHORT-TERM INVESTMENT | 2018-09-01 | 2019-01-03 | $24,338 | $24,394 | -$56 | -$56 | |
| JENSEN QUALITY GROWTH FUND | 2017-12-20 | 2019-01-03 | $50,376 | $56,320 | -$5,944 | -$5,944 | |
| VANGUARD SHORT-TERM INVESTMENT | 2016-08-08 | 2019-01-03 | $14,869 | $15,309 | -$440 | ||
| VANGUARD SHORT-TERM INVESTMENT | 2016-10-03 | 2019-01-03 | $217,793 | $224,241 | -$6,448 | -$6,448 | |
| CAPITAL GAIN DIVIDENDS | $261,126 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $499,182 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $619,991 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $13,010,565 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.047653 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $581,020 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $12,677,364 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.045831 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $591,268 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,852,982 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.049883 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $562,078 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $12,100,814 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04645 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $546,848 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,805,627 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.046321 | DistributionYr5Rt |
| Total Distribution | 0.236138 | TotalDistributionRt |
| Average Distribution | 0.047228 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $13,051,778 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $616,409 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $5,689 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $622,098 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $653,399 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $5,689 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $5,689 | SubtotalAmt |
| Tax Based On Investment Income | $5,689 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,400 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $6,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $12,400 | TotalPaymentsAndCreditsAmt |
| Overpayment | $6,711 | OverpaymentAmt |
| Applied To ES Tax | $6,711 | AppliedToESTaxAmt |
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 | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHADE TREE ADVISORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5182909460 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY SUITE 101 | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| 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 (5 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 B PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| MARGARET L PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | VP/TREASURER | 1.0 | $0 | $0 | $0 |
| NICOLE L SMITH | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| JOSEPH M PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| MICHELLE H PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MJP Holdings Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 CORPORATE WOODS BLVD SUITE 600 | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12211 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | 0 | ServiceTypeTxt |
| Compensation | $55,194 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS | Description1Txt |
| Description2 | EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). | Description2Txt |
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 | $5,352,810 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $736,094 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $7,161,632 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $13,250,536 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $13,250,536 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $198,758 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $13,051,778 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $652,589 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $652,589 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,689 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,689 | TotalTaxAmt |
| Distributable Before Adj | $646,900 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $646,900 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $646,900 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $653,399 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $653,399 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $5,689 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $647,710 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $646,900 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $617,780 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Qualifying Distributions | $653,399 | QualifyingDistributionsAmt |
| Applied To Year1 | $617,780 | AppliedToYear1Amt |
| Applied To Current Year | $35,619 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $611,281 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL B PICOTTE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED LIST | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 268 BROADWAY SUITE 101 | AddressLine1Txt |
| City | SARATOGA SPRINGS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12866 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL CHARITABLE PURPOSES | GrantOrContributionPurposeTxt |
| Amt | $622,809 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $622,809 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,488 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $126,251 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,303 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $499,182 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $631,224 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $631,224 | TotalIncomeProducingActyAmt |
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 | ACCOUNTING FEES | CategoryTxt |
| Amt | $2,050 | Amt |
| Disbursements Charitable Prps | $2,050 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Person | MJP Holdings Inc | ContractorPersonNm |
| Explanation | INVESTMENT CONSULTING AND ADMINISTRATIVE SERVICES | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | VANGUARD SHORT TERM | BondNm |
| EOY Book Value | $2,968,400 | EOYBookValueAmt |
| EOYFMV | $2,961,277 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JENSEN LARGE GROWTH | $1,572,880 | $2,706,446 |
| MECHANICAL TECHNOLOGY STOCK | $262,506 | $1,319 |
| MJP INTERNATIONAL FUND | $693,239 | $854,509 |
| MJP LARGE CAP FUND | $1,127,166 | $2,824,384 |
| MJP SMALL CAP FUND | $1,257,779 | $1,448,819 |
| SEMPER VIC PARTNERS | $2,528,211 | $2,528,211 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $684 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | KMP PROPERTIES | Desc |
| BOY Book Value | $11,344 | BOYBookValueAmt |
| EOY Book Value | $10,651 | EOYBookValueAmt |
| EOYFMV | $20,123 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| 2018 CHECKS CLEARED IN 2019 | $374,265 |
| INCREASE IN GRANTS PAYABLE | $280,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| NY CHAR500 | $750 | $750 | |
| MJP HOLDINGS | $55,194 | $27,597 | $27,597 |
| ADV/MANAG FEES - FIDUCIARY TR | $3,664 | $3,664 | |
| OTHER DEDUCTIONS FROM K-1S | $22,493 | $22,493 | |
| NY LAW JOURNAL | $160 | $160 | |
| AMEX FEES | $140 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME FROM K-1S | Desc |
| Revenue And Expenses Per Books | $1,303 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,303 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| 2019 CHECKS NOT CLEARED | $47,500 |
| K-1 TAX EXEMPT INCOME | $303 |
| UNREALIZED ADJUSTMENT | $493,226 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAXES | $6,156 | ||
| FOREIGN TAXES FROM K-1S | $8,409 | $8,409 | |
| FLORIDA BUSINESS TAX | $33 | $33 |
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