FARR FAMILY FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- FARR FAMILY FOUNDATION INC (EIN 45-5419103)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-10
- IRS object ID
- 201901309349101330
- Schema version
- 2018v3.1
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-10T11:36:01-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY S HAASE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1493 CHAIN BRIDGE ROAD SUITE 200 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455419103 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FARR FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FARR | BusinessNameControlTxt |
| Phone | 5403494103 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16192 COASTAL HIGHWAY | AddressLine1Txt |
| City | LEWES | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19958 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH G FARR | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5403494103 | PhoneNum |
| Signature | 2019-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GREGORY S HAASE | PreparerPersonNm |
| PTIN | P00405005 | PTIN |
| Phone | 7034481799 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 72.66.8.2 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-10 | IPDt |
| IP Tm | 12:35:51 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0D7333ECBDFD3621569AB551AFBB27874F637FB5 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 01E703BB0ED89867BCD7DF65E2FF374220539ECE | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-01-14 16:20:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,051,756 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $13,299 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $13,299 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $62,258 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $62,258 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $313,217 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,335,785 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $313,217 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $388,774 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $388,774 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $72,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $36,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $36,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,020 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $44 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,735 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,735 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,502 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,502 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $48,867 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $48,867 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $136,168 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $91,602 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $41,502 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $180,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $180,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $316,168 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $91,602 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $221,502 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $72,606 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $297,172 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $220,417 | CashBOYAmt |
| Cash EOY | $284,700 | CashEOYAmt |
| Cash EOYFMV | $284,700 | CashEOYFMVAmt |
| Corporate Stock BOY | $1,347,065 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,138,365 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,325,277 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $502,359 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $911,838 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $908,321 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,628,271 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,467,362 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,533,458 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $3,698,112 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,802,265 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,051,756 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $3,698,112 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,802,265 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,698,112 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,802,265 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,698,112 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,802,265 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,698,112 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $72,606 | ExcessRevenueOverExpensesAmt |
| Other Increases | $31,547 | OtherIncreasesAmt |
| Subtotal | $3,802,265 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,802,265 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (23 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PERSHING 011033 | P | $31,449 | $32,154 | -$705 | -$705 |
| PERSHING 011033 | P | $28,431 | $29,004 | -$573 | -$573 |
| PERSHING 011033 | P | $412 | $432 | -$20 | -$20 |
| PERSHING 011033 | P | $15,739 | $15,924 | -$185 | -$185 |
| PERSHING 011041 | P | $21,786 | $22,142 | -$356 | -$356 |
| PERSHING 011041 | P | $30,686 | $31,113 | -$427 | -$427 |
| PERSHING 011041 | P | $943 | $987 | -$44 | -$44 |
| PERSHING 011041 | P | $8,414 | $8,476 | -$62 | -$62 |
| PERSHING 011082 | P | $53,490 | $40,043 | $13,447 | $13,447 |
| PERSHING 011108 | P | $40,554 | $41,106 | -$552 | -$552 |
| PERSHING 011108 | P | $346,563 | $206,129 | $140,434 | $140,434 |
| PERSHING 011132 | P | $52,233 | $54,067 | -$1,834 | -$1,834 |
| PERSHING 011132 | P | $76,126 | $58,201 | $17,925 | $17,925 |
| PERSHING 011165 | P | $19,774 | $22,803 | -$3,029 | -$3,029 |
| PERSHING 011165 | P | $102,769 | $84,505 | $18,264 | $18,264 |
| PERSHING 011165 | P | $106 | $106 | $106 | |
| PERSHING 011173 | P | $1,716 | $1,998 | -$282 | -$282 |
| PERSHING 011173 | P | $29,681 | $24,688 | $4,993 | $4,993 |
| PERSHING 011173 | P | $2,105 | $2,224 | -$119 | -$119 |
| PERSHING 011173 | P | $4,211 | $5,244 | -$1,033 | -$1,033 |
| PERSHING 010097 | P | $11,136 | $13,979 | -$2,843 | -$2,843 |
| PERSHING 010097 | P | $440,447 | $327,349 | $113,098 | $113,098 |
| Capital Gains Dividends | P | $17,014 | $17,014 | $17,014 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $313,217 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $164,627 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $4,267,444 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.038577 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $161,594 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $3,982,242 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.040579 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $202,321 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $4,290,340 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.047157 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $228,055 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $4,398,649 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.051847 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $283,551 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,461,644 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.063553 | DistributionYr5Rt |
| Total Distribution | 0.241713 | TotalDistributionRt |
| Average Distribution | 0.048343 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $4,411,816 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $213,280 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,972 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $216,252 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $221,502 | 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 | $2,972 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,972 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,972 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,552 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $3,552 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $580 | OverpaymentAmt |
| Applied To ES Tax | $580 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | GREGORY S HAASE | IndividualWithBooksNm |
| Phone | 7034481799 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1493 CHAIN BRIDGE ROAD SUITE 200 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22101 | 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 | 0 | BusinessHoldingsInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| JOSEPH G FARR | ||||||||
| 16192 COASTAL HIGHWAY | LEWES | DE | 19958 | PRESIDENT | 1.00 | $30,000 | $0 | $0 |
| CATHERINE E FARR | ||||||||
| 16192 COASTAL HIGHWAY | LEWES | DE | 19958 | SECRETARY | 1.00 | $12,000 | $0 | $0 |
| MICHAEL J FARR | ||||||||
| 16192 COASTAL HIGHWAY | LEWES | DE | 19958 | TREASURER | 1.00 | $0 | $0 | $0 |
| CAROLINE M FARR | ||||||||
| 16192 COASTAL HIGHWAY | LEWES | DE | 19958 | DIRECTOR | 1.00 | $12,000 | $0 | $0 |
| REBECCA C FARR | ||||||||
| 16192 COASTAL HIGHWAY | LEWES | DE | 19958 | DIRECTOR | 1.00 | $18,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRECIPIO WEALTH MANAGEMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8180 GREENSBORO DRIVE 1010 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $0 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
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 | $4,340,643 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $138,358 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,479,001 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,479,001 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $67,185 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,411,816 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $220,591 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $220,591 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,972 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,972 | TotalTaxAmt |
| Distributable Before Adj | $217,619 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $217,619 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $217,619 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $221,502 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $221,502 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $2,972 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $218,530 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $217,619 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $5,134 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $5,134 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $221,502 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $217,619 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,883 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,017 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $9,017 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $5,134 | ExcessFromYear4Amt |
| Excess From Current Year | $3,883 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FRANCISCAN MISSION OUTREACH INC | |||||||
| 420 E 156TH STREET | BRONX | NY | 10455 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $10,000 |
| CATHOLIC CHARITIES DIOCESE OF ARLINGTON | |||||||
| 200 W GLEBE ROAD SUITE 506 | ARLINGTON | VA | 22203 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORTRELIGIOUS/CHARITABLE-GENERAL SUPPORT-IN MEMORY DR. JOSEPH L. FARR AND HELEN C. FARR | $5,000 |
| BRIAR CLIFF UNIVERSITY | |||||||
| 3303 REBECCA STREET | SIOUX CITY | IA | 51104 | NONE | 501(C)(3) EDUCATIONA | EDUCATION: GENERAL SUPPORT IN MEMORY OF HELEN PROBST FARR CLASS OF 1950 | $10,000 |
| CATHOLIC RELIEF SERVICES | |||||||
| 228 WEST LEXINGTON STREET | BALTIMORE | MD | 21201 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $10,000 |
| GEORGETOWN PREPARATORY SCHOOL | |||||||
| 10900 ROCKVILLE PIKE | NORTH BETHESDA | MD | 20852 | NONE | 501(C)(3) EDUCATIONA | EDUCATION: VISION CAPITAL CAMPAIGN INVOLVING RESTORATION OF CAMPUS BUILDINGS AND SPORTS FACILITIES | $7,500 |
| GEORGETOWN UNIVERSITY | |||||||
| 37TH O STREETS NW | WASHINGTON | DC | 20057 | NONE | 501(C)(3) EDUCATIONA | DR JOSEPH L FARR FACULTY FUND: TO ASSIST A FACULTY MEMBER IN UNDERGRADUATE STUDIES | $100,000 |
| MARYLAND JESUIT PROVINCE | |||||||
| 8600 LASALLE ROAD SUITE 620 | TOWSON | MD | 21286 | NONE | 501(C)(3) RELIGIOUS | RELIGIOUS: GENERAL SUPPORT | $5,000 |
| WASHINGTON JESUIT ACADEMY | |||||||
| 900 VARNUM STREET NE | WASHINGTON | DC | 20017 | NONE | 501(C)(3) EDUCATIONA | EDUCATIONAL: GENERAL SUPPORT | $10,000 |
| SOME | |||||||
| 60 O STREET NW | WASHINGTON | DC | 20001 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $5,000 |
| CATHOLIC CHARITIES DIOCESE OF WASHINGTON | |||||||
| 924 G STREET NW | WASHINGTON | DC | 20004 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $5,000 |
| FOOD FOR THE POOR | |||||||
| 6401 LYON ROAD | COCONUT CREEK | FL | 33013 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $5,000 |
| AUGUSTINE INSTITUTE | |||||||
| 6160 SYRACUSE WAY | GREENWOOD VILLAGE | CO | 80111 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $2,500 |
| DON BOSCO CRISTO REY | |||||||
| 1010 LARCH AVENUE | TAKOMA PARK | MD | 20912 | NONE | 501(C)(3) CHARITABLE | CHARITABLE: GENERAL SUPPORT | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $180,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $13,299 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $62,258 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $313,217 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $388,774 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $388,774 | 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 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | PERSHING ADVISOR SOLUTIONS (FIXED INCOME) | BondNm |
| EOY Book Value | $911,838 | EOYBookValueAmt |
| EOYFMV | $908,321 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | PERSHING ADVISOR SOLUTIONS | StockNm |
| EOY Book Value | $1,138,365 | EOYBookValueAmt |
| EOYFMV | $1,325,277 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PERSHING ADVISOR SOLUTIONS | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $1,467,362 | BookValueAmt |
| EOYFMV | $1,533,458 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $3,020 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT MANAGEMENT | Desc |
| Revenue And Expenses Per Books | $48,867 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $48,867 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD CHECK CLEARANCE IN CURRENT YEAR | Desc |
| Amt | $31,547 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | HARVARD BUSINESS SERVICES | CategoryTxt |
| Amt | $44 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $2,620 | $2,620 | $0 |
| FEDERAL EXCISE TAX | $4,115 | $4,115 | $0 |
Comments