BETA

IORIO CHARITABLE FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
IORIO CHARITABLE FOUNDATION (EIN 04-6745180)
Tax period
2017-11-01 to 2018-10-31
Filed
2018-12-14
IRS object ID
201833489349100113
Schema version
2017v2.3
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)
Return2018-12-14T14:23:05-05:00ReturnTs
Tax Period End2018-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042628601PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FLETCHER TILTON PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1370 MAIN ST 11TH FLOORAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP016081779ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN046745180EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE IORIO CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlIORIBusinessNameControlTxt
Phone5084598000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1370 MAIN STREET 12TH FLOORAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSUMNER B TILTON JRPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone5084598000PhoneNum
Signature2018-12-11SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSANDRA ZDONCZYK EAPreparerPersonNm
PTINP00178350PTIN
Phone5084598000PhoneNum
Preparation2018-12-11PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address131.239.15.98IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-12-14IPDt
IP Tm13:23:05IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id602955D7919B63BB9FAC985AAC2BD55356110632AtSubmissionCreationDeviceId
At Submission Filing Device Id3AB0671DB35D65026DB354A0EF782412DEA26569AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,927,274FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$48,654DividendsRevAndExpnssAmt
Dividends Net Invst Incm$48,159DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$69,853NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$303,484GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$69,853CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$118,507TotalRevAndExpnssAmt
Total Net Invst Incm$118,012TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$14,119AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$7,059AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$7,060AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$10,420OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$10,420OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$4,523TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,060TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$80OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$80OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$29,142TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,539TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,140TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$105,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$105,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$134,142TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,539TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$112,140TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,635ExcessRevenueOverExpensesAmt
Net Investment Income$99,473NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$65,248CashBOYAmt
Cash EOY$39,148CashEOYAmt
Cash EOYFMV$39,148CashEOYFMVAmt
Other Investments BOY$1,732,311OtherInvestmentsBOYAmt
Other Investments EOY$1,742,776OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,888,126OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,797,559TotalAssetsBOYAmt
Total Assets EOY$1,781,924TotalAssetsEOYAmt
Total Assets EOYFMV$1,927,274TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,828,324CapitalStockBOYAmt
Capital Stock EOY$1,828,324CapitalStockEOYAmt
Retained Earning BOY-$30,765RetainedEarningBOYAmt
Retained Earning EOY-$46,400RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,797,559TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,781,924TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,797,559TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,781,924TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,797,559TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,635ExcessRevenueOverExpensesAmt
Subtotal$1,781,924SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,781,924TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE ATTACHED SPREADSHEETP$32,801$33,077-$276-$276
SEE ATTACHED SPREADSHEETP$254,199$200,554$53,645$53,645
SEE ATTACHED SPREADSHEET - WASH SALEP$40$40$40
FieldValueIRS element (for citing)
Capital Gain Net Income$69,853CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$200,664AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$2,097,302NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.095677DistributionYr1Rt
Adjusted Qlfy Distri Yr2$101,046AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,996,441NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.050613DistributionYr2Rt
Adjusted Qlfy Distri Yr3$98,647AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$2,117,525NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.046586DistributionYr3Rt
Adjusted Qlfy Distri Yr4$105,732AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,187,870NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.048326DistributionYr4Rt
Adjusted Qlfy Distri Yr5$95,406AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,066,385NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.046170DistributionYr5Rt
Total Distribution0.287372TotalDistributionRt
Average Distribution0.057474AverageDistributionRt
Net Vl Noncharitable Assets$2,095,557NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$120,440AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$995NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$121,435AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$112,140QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,989InvestmentIncomeExciseTaxAmt
Subtotal$1,989SubtotalAmt
Tax Based On Investment Income$1,989TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,422EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,422TotalPaymentsAndCreditsAmt
Overpayment$433OverpaymentAmt
Applied To ES Tax$433AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
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 Line1FLETCHER TILTON PCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5084598000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1370 MAIN STREET 12TH FLOORAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Undistributed Income PYfalseUndistributedIncomePYInd
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
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SUMNER B TILTON JR
370 MAIN STREET 12TH FLOORWORCESTERMA01608TRUSTEE1.00$0$0$0
DOROTHY IORIO
370 MAIN STREET 12TH FLOORWORCESTERMA01608TRUSTEE1.00$0$0$0
THEODORE L IORIO
370 MAIN STREET 12TH FLOORWORCESTERMA01608TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,058,844AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$68,625AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,127,469TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,127,469AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,912CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,095,557NetVlNoncharitableAssetsAmt
Minimum Investment Return$104,778MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$104,778MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,989TaxBasedOnInvestmentIncomeAmt
Total Tax$1,989TotalTaxAmt
Distributable Before Adj$102,789DistributableBeforeAdjAmt
Distributable Before Ded$102,789DistributableBeforeDedAmt
Distributable As Adjusted$102,789DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$112,140ExpensesAndContributionsAmt
Qualifying Distributions$112,140QualifyingDistributionsAmt
Adjusted Qualifying Distri$112,140AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$102,789DistributableAsAdjustedAmt
Undistributed Income PY$474UndistributedIncomePYAmt
Qualifying Distributions$112,140QualifyingDistributionsAmt
Applied To Year1$474AppliedToYear1Amt
Applied To Current Year$102,789AppliedToCurrentYearAmt
Remaining Distri From Corpus$8,877RemainingDistriFromCorpusAmt
Total Corpus$8,877TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$8,877ExcessDistriCyovToNextYrAmt
Excess From Current Year$8,877ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED LISTBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED LISTAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01608ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusN/ARecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHED LISTGrantOrContributionPurposeTxt
Amt$105,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$105,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$48,654ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$69,853ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$118,507ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$118,507TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
TRUST AND ACCOUNTING FEE$8,619$4,309$4,310
TAX PREPARATION FEE$5,500$2,750$2,750

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MUTUAL BOND FUNDSAT COST$710,067$670,663
MUTUAL EQUITY FUNDSAT COST$1,032,709$1,217,463

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
FILING FEE$35$35
FOUNDATION SOFTWARE EXPENSE$45$45

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$10,420Amt
Net Investment Income$10,420NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX PAID$1,060$1,060
FEDERAL ESTIMATES & PAYMENTS$3,463

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