PETTERS FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- PETTERS FAMILY FOUNDATION (EIN 45-2323642)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-13
- IRS object ID
- 201911339349100761
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-13T08:13:54-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540737372 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PBMARES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 TOWN CENTER DRIVE SUITE 900 | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23606 | 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 | 452323642 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETTERS FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PETT | BusinessNameControlTxt |
| Phone | 7576243175 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 206 HILTON TERRACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | C MICHAEL PETTERS | PersonNm |
| Person Title | SECRETARY/TREASURER | PersonTitleTxt |
| Phone | 7576243175 | PhoneNum |
| Signature | 2019-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID J DAMIANI | PreparerPersonNm |
| PTIN | P00736845 | PTIN |
| Phone | 7578731587 | PhoneNum |
| Preparation | 2019-05-10 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.10.80.132 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-10 | IPDt |
| IP Tm | 10:51:14 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F534DBDEDB85920DB7D6380628FBB40644EE6FCB | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B69B21EC44A2FC2D353F8D21BE13FBD57D464A20 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $44,919,061 | 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 | $3,504,997 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $821,689 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $821,689 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,396,117 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,984,278 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,396,117 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,675 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,675 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,729,478 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,224,481 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $997 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $499 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $498 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $13,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $6,575 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $6,575 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $52,337 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $52,337 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $29,404 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $12,302 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $13 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $95,888 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $71,713 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $7,086 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,420,625 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,420,625 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,516,513 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $71,713 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,427,711 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,212,965 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,152,768 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $399,234 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,152,299 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,152,299 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $267 | AcctRcvblAmt |
| Acct Rcvbl BOY | $4,745 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $267 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $267 | AcctRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $160 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $160 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $160 | RcvblFromOfficersEOYFMVAmt |
| Corporate Stock BOY | $10,084,146 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,431,424 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $28,755,591 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $10,901,759 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $12,020,556 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $13,010,744 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $21,390,044 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,604,706 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $44,919,061 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $21,390,044 | UnrestrictedBOYAmt |
| Unrestricted EOY | $24,604,706 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,390,044 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,604,706 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,390,044 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $24,604,706 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,390,044 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,212,965 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $25,603,009 | SubtotalAmt |
| Other Decreases | $998,303 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,604,706 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $2,904,304 | $1,588,160 | $1,316,144 | $1,316,144 | |
| PUBLICLY TRADED SECURITIES | $1 | $1 | $0 | $0 | |
| PUBLICLY TRADED SECURITIES | $2,974 | $2,974 | $2,974 | ||
| CAPITAL GAINS DIVIDENDS | $76,999 | $76,999 | $76,999 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,396,117 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $735,400 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $35,628,941 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.020641 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $747,208 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $20,912,288 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.035731 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $614,994 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,673,005 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.052685 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $284,825 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,880,993 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.036141 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $82,403 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,805,078 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.029376 | DistributionYr5Rt |
| Total Distribution | 0.174574 | TotalDistributionRt |
| Average Distribution | 0.034915 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $49,120,585 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,715,045 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $21,528 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,736,573 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,427,711 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $43,055 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $43,055 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $43,055 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $11,800 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $11,800 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $31,255 | TaxDueAmt |
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 | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | C MICHAEL PETTERS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7576243175 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 206 HILTON TERRACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23601 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| C MICHAEL PETTERS | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | SECRETARY/TREASURER | 4.00 | $0 | $0 | $0 |
| NANCY B PETTERS | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| SARAH FLETCHER | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| CAROLINE G SAUER | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
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 | $48,334,264 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,533,923 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $427 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $49,868,614 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $49,868,614 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $748,029 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $49,120,585 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,456,029 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,456,029 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $43,055 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $43,055 | TotalTaxAmt |
| Distributable Before Adj | $2,412,974 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,412,974 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,412,974 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,427,711 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,427,711 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,427,711 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,412,974 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,419,575 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,427,711 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,419,575 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $8,136 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,404,838 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NANCY B PETTERS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| AN ACHIEVABLE DREAM | ||||||||
| 10858 WARWICK BLVD STE A | NEWPORT NEWS | VA | 23601 | NONE | 501 (C)(3) ORGANIZAT | GENERAL FUND SUPPORT | $100,000 | |
| BEARINGS BIKE SHOP | ||||||||
| 982 MURPHY AVENUE SW | ATLANTA | GA | 30310 | NONE | 501 (C)(3) ORGANIZAT | PROGRAM SUPPORT | $130,000 | |
| BOYS & GIRLS CLUBS OF THE VIRGINIA PENINSULA | ||||||||
| 11825 ROCK LANDING DRIVE CHESAPEAKE | NEWPORT NEWS | VA | 23606 | NONE | 501 (C)(3) ORGANIZAT | VISION 2020 CAMPAIGN | $100,000 | BLDG |
| COLLEGE OF WILLIAM & MARY FOUNDATION | ||||||||
| PO BOX 1693 | WILLIAMSBURG | VA | 23187 | NONE | 501 (C)(3) ORGANIZAT | SPONSORSHIP OF CAMP LAUNCH PROGRAM | $400,000 | |
| DOWNTOWN HAMPTON CHILD DEVELOPMENT CENTER | ||||||||
| 1306 THOMAS STREET | HAMPTON | VA | 23669 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT FOR LOW INCOME EARLY CHILDHOOD EDUCATION | $31,000 | |
| DOWNTOWN HAMPTON CHILD DEVELOPMENT CENTER | ||||||||
| 1306 THOMAS STREET | HAMPTON | VA | 23669 | NONE | 501 (C)(3) ORGANIZAT | MUSIKGARTEN | $3,000 | |
| HAMPTON MAYOR'S BOOK CLUB CO HEALTHY FAMILIES PARTNERSHIP | ||||||||
| 100 OLD HAMPTON LANE | HAMTON | VA | 23669 | NONE | GOVERNMENT | FULL MONTH SPONSORSHIP | $4,600 | |
| HILTON PRESBYTERIAN CHURCH | ||||||||
| 34 MAIN STREET | NEWPORT NEWS | VA | 23601 | NONE | 501 (C)(3) ORGANIZAT | HILTON PRESBYTERIAN PRESCHOOL MINISTRY | $2,025 | |
| JESUIT HIGH SCHOOL | ||||||||
| 4701 N HIMES AVENUE | TAMPA | FL | 33614 | NONE | 501 (C)(3) ORGANIZAT | JESUIT'S ANNUAL FUND AND SUMMER BRIDGE PROGRAM | $50,000 | |
| SAINT LEO UNIVERSITY | ||||||||
| 33701 STATE ROAD 52 | SAINT LEO | FL | 33574 | NONE | 501 (C)(3) ORGANIZAT | PETTERS SCHOLARSHIP FUNDING | $50,000 | |
| US NAVAL ACADEMY FOUNDATION | ||||||||
| 291 WOOD ROAD BEACH HALL | ANNAPOLIS | MD | 21402 | NONE | 501 (C)(3) ORGANIZAT | SUPPORT OF NAVAL ACADEMY ANNUAL FUND, STEM AND MINORITY OUTREACH FOR ADMISSIONS. | $200,000 | |
| VIRGINIA CAPITOL FOUNDATION | ||||||||
| PO BOX 396 | RICHMOND | VA | 23218 | NONE | 501 (C)(3) ORGANIZAT | WOMEN'S MONUMENT, VOICES FROM THE GARDEN | $100,000 | |
| VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION | ||||||||
| 300 ARBORETUM PLACE SUITE 200 | RICHMOND | VA | 23236 | NONE | 501 (C)(3) ORGANIZAT | VFCCE UNRESTRICTED ENDOWED FUND AND VFCCE UNRESTRICTED FUND | $200,000 | |
| VIRGINIA LIVING MUSEUM | ||||||||
| 524 J CLYDE MORRIS BLVD | NEWPORT NEWS | VA | 23601 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT OF THE FUTURE READY CAMPAIGN | $50,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,420,625 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $821,689 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,675 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,396,117 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,224,481 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,224,481 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (8 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| CLEMENT M PETTERS | |||||||
| 1 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $558,880 | Yes (X) | |
| CLEMENT M PETTERS | |||||||
| 2 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $205,366 | Yes (X) | |
| CLEMENT M PETTERS | |||||||
| 3 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $563,242 | Yes (X) | |
| CLEMENT M PETTERS | |||||||
| 4 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $519,088 | Yes (X) | |
| CLEMENT M PETTERS | |||||||
| 5 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $429,403 | Yes (X) | |
| CLEMENT M PETTERS | |||||||
| 6 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $352,350 | Yes (X) | |
| CLEMENT M PETTERS | |||||||
| 7 | 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | $361,999 | Yes (X) | |
| ESTATE OF MARY WINSTON JOHNSON BRIGGS | |||||||
| 8 | 131 CRESCENT DRIVE | FRANKLIN | VA | 23851 | $514,669 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (7 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 11,630 SHARES OF INVESCO S&P 500 LOW (ETF-NYSE: SPLV) | $558,880 | 2018-12-17 |
| 2 | 3,345 SHARES SCHWAB US BROAD MARKET ETF (ETF-NYSE MKT: SCHB) | $205,366 | 2018-12-17 |
| 3 | 11,808 SHARES ISHARES RUSSELL MID CAP ETF (ETF-NYSE: IWR) | $563,242 | 2018-12-17 |
| 4 | 3,953 VANGUARD TOTAL STOCK (ETF-NYSE: VTI) | $519,088 | 2018-12-17 |
| 5 | 3,145 SHARES VANGUARD SMALL CAP INDEX ETF (ETF-NYSE: VB) | $429,403 | 2018-12-17 |
| 6 | 1,500 SHARES VANGUARD 500 INDEX FUND (NASDAQ: VFIAX) | $352,350 | 2018-12-17 |
| 7 | 1,589.808 SHARES VANGUARD 500 INDEX FUND (NASDAQ: VFIAX) | $361,999 | 2018-12-20 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $13,150 | Amt |
| Net Investment Income | $6,575 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,575 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FS KKR CAPITAL CORP | $368,016 | $209,091 |
| HUNTINGTON INGALLS | $9,063,408 | $28,546,500 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (27 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AMG YACKTMAN FOCUSED SERVICE FUND | AT COST | $420,227 | $374,176 |
| DODGE & COX INTERNATIONAL STOCK FUND | AT COST | $1,534,263 | $1,316,675 |
| DOUBLELINE TOTAL RETURN BOND FUND | AT COST | $904,975 | $859,850 |
| EPR PROPERTIES | AT COST | $26,914 | $22,731 |
| EQUINOX MUTUALHEDGE FRONTIER LEGEN | AT COST | $580,161 | $490,482 |
| FIDELITY FLOATING RATE FUND | AT COST | $150,000 | $140,228 |
| INVESCO S&P 500 LOW | AT COST | $1,414,460 | $2,063,609 |
| ISHARES EDGE MSCI MIN VOL | AT COST | $510,649 | $533,280 |
| ISHARES INTL | AT COST | $75,084 | $66,492 |
| ISHARES RUSSELL MID CAP | AT COST | $324,837 | $548,836 |
| ISHR EDG MSCI MIN VOL | AT COST | $201,153 | $189,958 |
| RIDGEWOOD ENERGY A-1 FUND, LLC | AT COST | $0 | $18,452 |
| RIDGEWOOD ENERGY U FUND, LLC | AT COST | $0 | $12,845 |
| RIDGEWOOD ENERGY V FUND, LLC | AT COST | $0 | $18,452 |
| SCHWAB US BROAD MARKET | AT COST | $150,064 | $200,466 |
| SPDR S&P INTERNATIONAL | AT COST | $14,692 | $16,780 |
| SWAN DEFINED RISK EMERGING MKTS FUND | AT COST | $250,000 | $265,415 |
| SWAN DEFINED RISK FUND | AT COST | $200,000 | $198,781 |
| TEMPLETON GLOBAL BOND FUND | AT COST | $1,008,641 | $861,586 |
| VANGUARD FTSE EMERGING | AT COST | $544,470 | $484,251 |
| VANGUARD SHORT TERM TRSY | AT COST | $500,000 | $488,761 |
| VANGUARD SMALL CAP | AT COST | $316,563 | $516,609 |
| VANGUARD TOTAL STOCK MARKET | AT COST | $1,300,000 | $1,564,310 |
| VANGUARD TOTAL STOCK ETF | AT COST | $484,065 | $833,552 |
| VANGUARD 500 INDEX FUND | AT COST | $585,024 | $715,105 |
| VEREIT INC | AT COST | $358,855 | $78,414 |
| WISDOMTREE EMERGING MKTS | AT COST | $165,459 | $130,648 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $997 | LegalFeesAmt |
| Net Investment Income | $499 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $498 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BASIS ADJUSTMENT FOR DONATED STOCK | Desc |
| Amt | $998,303 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| RIDGEWOOD ENERGY V FUND | $709 | $709 | $709 |
| RIDGEWOOD ENERGY A-1 FUND, LLC | $5,325 | $5,325 | $5,325 |
| RIDGEWOOD ENERGY U FUND | $641 | $641 | $641 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $52,337 | Amt |
| Net Investment Income | $52,337 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| NANCY B PETTERS | |||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 |
| CLEMENT M PETTERS | |||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $12,290 | $12,290 | $0 |
| TAXES AND LICENSES | $25 | $12 | $13 |
| EXCISE TAX | $17,089 | $0 | $0 |
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