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MARTINO FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
MARTINO FAMILY FOUNDATION (EIN 45-6635594)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-15
IRS object ID
201933199349102208
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-15T10:29:57-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

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 Address38.140.180.210IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id26308920193195000061FederalOriginalSubmissionId
Federal Original Submission Id2019-11-15FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id4D3537F6D2904E0F6DB88B88A634531D6F881E5FAtSubmissionCreationDeviceId
At Submission Filing Device Id2EE81F7B35CA99BC81CCE04FD5EE150ED357CFC2AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-04-17 16:48:07ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$99,492,095FMVAssetsEOYAmt
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
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$0TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
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$5,695,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,695,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,695,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,695,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,695,000ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,678,685CashBOYAmt
Cash EOY$183,685CashEOYAmt
Cash EOYFMV$183,685CashEOYFMVAmt
Corporate Stock BOY$101,456,576CorporateStockBOYAmt
Corporate Stock EOY$101,265,773CorporateStockEOYAmt
Corporate Stock EOYFMV$99,308,410CorporateStockEOYFMVAmt
Total Assets BOY$105,135,261TotalAssetsBOYAmt
Total Assets EOY$101,449,458TotalAssetsEOYAmt
Total Assets EOYFMV$99,492,095TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$105,135,261RetainedEarningBOYAmt
Retained Earning EOY$101,449,458RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$105,135,261TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$101,449,458TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$105,135,261TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$101,449,458TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$105,135,261TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,695,000ExcessRevenueOverExpensesAmt
Other Increases$2,009,197OtherIncreasesAmt
Subtotal$101,449,458SubtotalAmt
Tot Net Ast Or Fund Balances EOY$101,449,458TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail
Qlfy Und Sect4940e Reduced TaxQlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

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
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
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$104,583,264AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,790,769AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$107,374,033TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$107,374,033AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,610,610CashDeemedCharitableAmt
Net Vl Noncharitable Assets$105,763,423NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,288,171MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,288,171MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$5,288,171DistributableBeforeAdjAmt
Distributable Before Ded$5,288,171DistributableBeforeDedAmt
Distributable As Adjusted$5,288,171DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,695,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$5,695,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,695,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,288,171DistributableAsAdjustedAmt
Undistributed Income PY$50,470UndistributedIncomePYAmt
Prior Year12016PriorYear1Yr
Prior Year22015PriorYear2Yr
Prior Year32014PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Qualifying Distributions$5,695,000QualifyingDistributionsAmt
Applied To Year1$50,470AppliedToYear1Amt
Applied To Current Year$5,288,171AppliedToCurrentYearAmt
Remaining Distri From Corpus$356,359RemainingDistriFromCorpusAmt
Total Corpus$356,359TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$356,359ExcessDistriCyovToNextYrAmt
Excess From Current Year$356,359ExcessFromCurrentYearAmt
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 (17 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$50,000
FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROADFAIRFILEDCT068245195NONECHARITABLE$1,250,000
DUKE UNIVERSITY
PO BOX 90581DURHAMNC277080581NONECHARITABLE$50,000
ST LUKE'S SCHOOL
377 NORTH WILTON ROADNEW CANAANCT06840NONECHARITABLE$60,000
Surfers' Environmental Alliance
543 2nd AveLong BranchNJ07740NONECHARITABLE$25,000
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$1,000,000
CHILDREN OF FALLEN Patriots
1818 library street suite 500restonVA20190NONECHARITABLE$50,000
Cato Institute
1000 Massachusetts Ave NWWashingtonDC20001nonecharitable$50,000
Memorial Sloan-Kettering Cancer
1275 YORK AVENUENEW YORKNY10065NONECHARITABLE$10,000
Gabrielle's Angel Fnd for Cancer
142 W 57th StNew YorkNY10019NONECHARITABLE$100,000
Young American's Foundation
11480 Commerce Park DriveRestonVA20191NONECHARITABLE$200,000
Prager University Foundation
15021 Ventura Blvd 552Sherman OaksCA91403NONECHARITABLE$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,695,000TotalGrantOrContriPdDurYrAmt

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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp
Subtotals Incm Producing ActySubtotalsIncmProducingActyGrp

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.$101,215,681$99,258,318

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCHANGE OF UNREALIZEDDesc
Amt$2,009,197Amt

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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