CALARCO FAMILY FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- CALARCO FAMILY FOUNDATION INC (EIN 20-1976848)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-05-14
- IRS object ID
- 201831349349102758
- 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
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Liabilities Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-14T01:49:05-00:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROGRESSIVE PLANNING INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 N BROADWAY STE 245 | AddressLine1Txt |
| City | JERICHO | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11753 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201976848 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CALARCO FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CALA | BusinessNameControlTxt |
| Phone | 5169392400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 FOREST GLEN DRIVE | AddressLine1Txt |
| City | WOODBRIDGE | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06525 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VINCENT CALARCO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5169392400 | PhoneNum |
| Signature | 2018-05-08 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN NATHAN | PreparerPersonNm |
| Phone | 5169392400 | PhoneNum |
| Preparation | 2018-05-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $902,291 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | $17,224 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $17,224 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $17,224 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,094 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $93,115 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,094 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $20,318 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $20,318 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $17,224 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $5,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $5,000 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,000 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $100 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $100 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $100 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $100 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $5,100 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,100 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $5,100 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,100 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,150 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,150 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,250 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,100 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $5,100 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,250 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $14,068 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,218 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $12,124 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $96,597 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $199,717 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $199,717 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $542,186 | CorporateStockBOYAmt |
| Corporate Stock EOY | $453,134 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $702,574 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $638,783 | TotalAssetsBOYAmt |
| Total Assets EOY | $652,851 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $902,291 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $200 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $200 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $200 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $200 | TotalLiabilitiesEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $638,583 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $652,651 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $638,783 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $652,851 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $638,583 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $14,068 | ExcessRevenueOverExpensesAmt |
| Subtotal | $652,651 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $652,651 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | 1,000 SHS. CATERPILLAR INC. | PropertyDesc |
| Acquired | 2010-12-29 | AcquiredDt |
| Sold | 2017-01-18 | SoldDt |
| Gross Sales Price | $93,115 | GrossSalesPriceAmt |
| Cost Or Other Basis | $91,860 | CostOrOtherBasisAmt |
| Gain Or Loss | $1,255 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $1,255 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,094 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $304 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $304 | SubtotalAmt |
| Tax Based On Investment Income | $304 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $242 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $242 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $242 | OriginalReturnTaxPaidAmt |
| Tax Due | $62 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Individual With Books | VINCENT CALARCO PRESIDENT | IndividualWithBooksNm |
| Phone | 2033938981 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 FOREST GLEN DRIVE | AddressLine1Txt |
| City | WOODBRIDGE | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06526 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|
| VINCENT CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | PRES/TREAS | 000.00 | $0 |
| LINDA CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | VP/SECRY | 000.00 | $0 |
| CHRISTOPHER CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | VICE PRES | 000.00 | $0 |
| DAVID CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | VICE PRES | 000.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $700,622 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $148,157 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $848,779 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $848,779 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $12,732 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $836,047 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $41,802 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $41,802 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $304 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $304 | TotalTaxAmt |
| Distributable Before Adj | $41,498 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $41,498 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $41,498 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,250 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $6,250 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $6,250 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $41,498 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $179,937 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $193,631 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $373,568 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,250 | QualifyingDistributionsAmt |
| Applied To Current Year | $6,250 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $35,248 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $35,248 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $338,320 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $144,689 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $193,631 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $193,631 | ExcessFromYear4Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| MUSIC HAVEN | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $500 |
| SPECIAL OLYMPICS | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $150 |
| RONALD MCDONALD HOUSE OF CT | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,150 | TotalGrantOrContriPdDurYrAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $5,000 | Amt |
| Net Investment Income | $5,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,000 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,000 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | 423134 | StockNm |
| EOY Book Value | $453,134 | EOYBookValueAmt |
| EOYFMV | $702,574 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Liabilities Schedule OtherLiabilitiesSchedule
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VINCENT CALARCO | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 FOREST GLEN DRIVE | AddressLine1Txt |
| City | WOODBRIDGE | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06525 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX PAYMENT | CategoryTxt |
| Amt | $100 | Amt |
| Net Investment Income | $100 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $100 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $100 | DisbursementsCharitablePrpsAmt |