MORSE HILL FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MORSE HILL FOUNDATION INC (EIN 22-3083890)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-05-14
- IRS object ID
- 201841349349101574
- Schema version
- 2017v2.2
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-14T10:26:57-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131459550 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAZARS USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 WEST 50TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100200002 | 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 | 223083890 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORSE HILL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MORS | BusinessNameControlTxt |
| Phone | 5184654747 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 CORPORATE WOODS BLVD SUITE 600 | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12211 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL PICOTTE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5184654747 | PhoneNum |
| Signature | 2018-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ISRAEL TANNENBAUM | PreparerPersonNm |
| PTIN | P01589203 | PTIN |
| Phone | 2128127000 | PhoneNum |
| 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 | $13,047,447 | 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 | $1,263 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,263 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $260,787 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $260,787 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $444,909 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,226,774 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $444,909 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,536 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,536 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $713,495 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $713,495 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,300 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $650 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $650 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $59 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $9,941 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $9,941 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $80,117 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $51,736 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $28,382 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $91,417 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $62,327 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $29,032 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $558,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $558,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $649,917 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $62,327 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $587,532 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $63,578 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $651,168 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $27,991 | CashBOYAmt |
| Cash EOY | $121,503 | CashEOYAmt |
| Cash EOYFMV | $121,503 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $20,624 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $79,208 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $79,208 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $7,372,520 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,025,421 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,524,120 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,694,227 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,361,887 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,322,616 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $12,680 | OtherAssetsBOYAmt |
| Other Assets EOY | $11,847 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $10,128,042 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,599,866 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,047,447 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $90,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $150,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $90,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $150,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $10,038,042 | CapitalStockBOYAmt |
| Capital Stock EOY | $10,449,866 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,038,042 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,449,866 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,128,042 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,599,866 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,038,042 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $63,578 | ExcessRevenueOverExpensesAmt |
| Other Increases | $408,246 | OtherIncreasesAmt |
| Subtotal | $10,509,866 | SubtotalAmt |
| Other Decreases | $60,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,449,866 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| JENSEN I - LARGE GROWTH FUND | P | 2015-09-17 | 2017-01-18 | $7,861 | $7,611 | $250 | $250 |
| JENSEN I - LARGE GROWTH FUND | P | 2015-12-17 | 2017-01-18 | $11,223 | $10,378 | $845 | $845 |
| JENSEN I - LARGE GROWTH FUND | P | 2015-12-17 | 2017-01-18 | $252,028 | $233,053 | $18,975 | $18,975 |
| JENSEN I - LARGE GROWTH FUND | P | 2015-12-17 | 2017-01-18 | $1,543 | $1,427 | $116 | $116 |
| JENSEN I - LARGE GROWTH FUND | P | 2016-09-20 | 2017-01-18 | $7,642 | $7,652 | -$10 | -$10 |
| JENSEN I - LARGE GROWTH FUND | P | 2013-09-19 | 2017-01-18 | $6,083 | $5,473 | $610 | $610 |
| JENSEN I - LARGE GROWTH FUND | P | 2013-12-24 | 2017-01-18 | $8,025 | $7,518 | $507 | $507 |
| JENSEN I - LARGE GROWTH FUND | P | 2013-12-24 | 2017-01-18 | $18,986 | $17,787 | $1,199 | $1,199 |
| JENSEN I - LARGE GROWTH FUND | P | 2012-03-22 | 2017-01-18 | $4,437 | $3,261 | $1,176 | $1,176 |
| SEMPER VIC PARTNERS (QP), L.P. | P | 2011-07-01 | 2017-04-03 | $284,200 | $167,742 | $116,458 | $116,458 |
| JENSEN I - LARGE GROWTH FUND | P | 2013-03-20 | 2017-04-06 | $60,545 | $42,530 | $18,015 | $18,015 |
| JENSEN I - LARGE GROWTH FUND | P | 2016-03-16 | 2017-04-06 | $9,930 | $9,038 | $892 | $892 |
| JENSEN I - LARGE GROWTH FUND | P | 2017-03-15 | 2017-04-06 | $7,397 | $7,481 | -$84 | -$84 |
| JENSEN I - LARGE GROWTH FUND | P | 2011-06-24 | 2017-04-06 | $308,148 | $205,531 | $102,617 | $102,617 |
| JENSEN I - LARGE GROWTH FUND | P | 2016-06-22 | 2017-12-14 | $10,786 | $8,812 | $1,974 | $1,974 |
| JENSEN I - LARGE GROWTH FUND | P | 2011-06-24 | 2017-12-14 | $80,814 | $46,571 | $34,243 | $34,243 |
| PARTNERSHIP GAINS | P | 2013-06-21 | 2017-12-01 | $147,126 | $147,126 | $147,126 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $444,909 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$94 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $591,268 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $11,852,982 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.049883 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $0 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $0 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.000000 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $546,848 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,805,627 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046321 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $504,888 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,132,600 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.045352 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $481,896 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $10,249,286 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.047018 | DistributionYr5Rt |
| Total Distribution | 0.188574 | TotalDistributionRt |
| Average Distribution | 0.037715 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $12,677,364 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $478,127 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $6,512 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $484,639 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $587,532 | 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 | $6,512 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $6,512 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $6,512 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,160 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,160 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $2,352 | 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 | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | 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 | MICHELLE LECLAIR | IndividualWithBooksNm |
| Phone | 5184654747 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 CORP WOODS BLVD SUITE 600 | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12211 | 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 |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL B PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| MARGARET L PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | VP/TREASURER | 1.00 | $0 | $0 | $0 |
| NICOLE L PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOSEPH M PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MICHELLE H PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 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 | $12,307,118 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $563,302 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,870,420 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,870,420 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $193,056 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,677,364 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $633,868 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $633,868 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,512 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,512 | TotalTaxAmt |
| Distributable Before Adj | $627,356 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $627,356 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $627,356 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $587,532 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $587,532 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $6,512 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $581,020 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $627,356 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $559,971 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $587,532 | QualifyingDistributionsAmt |
| Applied To Year1 | $559,971 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $27,561 | 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 | $599,795 | 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 | MICHAEL B PICOTTE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| THE ALBANY ACADEMIES | |||||
| 135 ACADEMY ROAD | ALBANY | NY | 12208 | ANNUAL FUND GIFT FOR THE CAROLINE MASON SOCIETY | $25,000 |
| AMERICAN RED CROSS | |||||
| 431 18TH STREET NW | WASHINGTON | DC | 20006 | HURRICANE MARIA RELIEF EFFORTS | $10,000 |
| AUGUSTINIAN FRIARS | |||||
| PO BOX 340 / 214 ASHWOOD ROAD | VILLANOVA | PA | 19085 | AUGUSTINIAN FUND | $25,000 |
| BERKSHIRE SCHOOL | |||||
| 245 NORTH UNDERMOUNTAIN ROAD | SHEFFIELD | MA | 01257 | ANNUAL FUND | $5,000 |
| BIG BROTHERS BIG SISTERS OF THE CAPITAL REGION | |||||
| 1698 CENTRAL AVENUE | ALBANY | NY | 12205 | CHAMPIONS OF CHANGE GRANT | $5,000 |
| BOYS & GIRLS CLUBS OF PALM BEACH COUNTY | |||||
| 800 NORTHPOINT PARKWAY SUITE 204 | WEST PALM BEACH | FL | 33407 | SMITH & MOORE FAMILY TEEN CENTER CAMPAIGN | $100,000 |
| BOYS HOPE GIRLS HOPE | |||||
| 9619 GARFIELD BOULEVARD | GARFIELD HEIGHTS | OH | 44125 | GIFT FOR THE 2017 YEAR | $5,000 |
| CAPE ELEUTHERA FOUNDATION | |||||
| 745 ATLANTIC AVENUE 8TH FLOOR | BOSTON | MA | 02111 | GIFT TO THE ISLAND SCHOOL | $5,000 |
| CAPITAL CITY RESCUE MISSION | |||||
| 259 SOUTH PEARL STREET | ALBANY | NY | 12202 | HEALTHCARE FOR THE HOMELESS AND POOR | $10,000 |
| CAPITAL REGION YOUTH TENNIS FOUNDATION | |||||
| 785 WASHINGTON AVENUE | ALBANY | NY | 12206 | COLLEGE PREP PROGRAM | $20,000 |
| COMMUNITY FOOD CUPBOARD | |||||
| PO BOX 864 | MANCHESTER CENTER | VT | 05255 | GIFT FOR THE 2017 YEAR | $10,000 |
| COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES | |||||
| 700 SOUTH DIXIE HIGHWAY SUITE 200 | WEST PALM BEACH | FL | 33401 | DONOR ADVISED FUND | $40,000 |
| COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION | |||||
| SIX TOWER PLACE | ALBANY | NY | 12203 | ELLEN A. PICOTTE MEMORIAL FUND | $10,000 |
| COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION | |||||
| SIX TOWER PLACE | ALBANY | NY | 12203 | MICHAEL AND MARGARET PICOTTE DONOR ADVISED FUND | $125,000 |
| DAN HALL SCHOOL | |||||
| 45 DANA ROAD / PO BOX 9010 | WELLESLEY | MA | 02482 | GIFT FOR THE 2017 YEAR | $5,000 |
| THE FOOD PANTRIES FOR THE CAPITAL DISTRICT INC | |||||
| 32 ESSEX STREET | ALBANY | NY | 12206 | FOOD PANTRY DELIVERY SERVICES | $10,000 |
| HAZELDEN BETTY FORD FOUNDATION | |||||
| 322 8TH AVENUE 12TH FLOOR | NEW YORK | NY | 10001 | SUPPORT OF NEW YORK PATIENT AID | $5,000 |
| INTERFAITH COUNCIL FOR THE NORTHSHIRE | |||||
| PO BOX 2644 | MANCHESTER CENTER | VT | 05255 | GIFT FOR THE 2017 YEAR | $5,000 |
| INTERFAITH COUNCIL FOR THE NORTHSHIRE | |||||
| PO BOX 2644 | MANCHESTER CENTER | VT | 05255 | KIDS SUMMER LUNCH PROGRAM | $2,500 |
| KOINONIA PRIMARY CARE | |||||
| 553 CLINTON AVENUE | ALBANY | NY | 12206 | HEALTHCARE FOR THE UNINSURED AND GENERAL OPERATIONS | $25,000 |
| MARIA COLLEGE | |||||
| 700 NEW SCOTLAND AVENUE | ALBANY | NY | 12208 | FRANK O'BRIEN STUDENT SUPPORT CENTER FUND | $5,000 |
| PEGGY ADAMS ANIMAL RESCUE LEAGUE | |||||
| 3100/3200 N MILITARY TRAIL | WEST PALM BEACH | FL | 33409 | PLEDGE PAYMENT | $50,000 |
| ROSARIAN ACADEMY | |||||
| 807 NORTH FLAGLER DRIVE | WEST PALM BEACH | FL | 33401 | PICOTTE FAMILY FACULTY DEVELOPMENT FUND | $10,000 |
| SISTERS OF MERCY | |||||
| 15 HIGHLAND VIEW ROAD | CUMBERLAND | RI | 02864 | RETIREMENT FUND | $10,000 |
| TOWN OF PALM BEACH UNITED WAY | |||||
| 44 COCOANUT ROW M201 PO BOX 1141 | PALM BEACH | FL | 33480 | GIFT FOR THE 2017 YEAR | $10,000 |
| VILLAGES OF HOPE INC | |||||
| 9078 ISAIAH LANE | PALM BEACH GARDENS | FL | 33418 | TRANSITIONAL INDEPENDENT LIVING PROGRAM | $6,000 |
| WEST PALM BEACH LIBRARY FOUNDATION | |||||
| 411 CLEMATIS STREET 3RD FLOOR | WEST PALM BEACH | FL | 33401 | DOG TALES AND THE SCIENCE 101 PROGRAMS | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $558,500 | 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 | $1,263 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $260,787 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,536 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $444,909 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX REFUND | Desc |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $713,495 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $713,495 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | WEISER FEES | CategoryTxt |
| Amt | $1,300 | Amt |
| Net Investment Income | $650 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $650 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | VANGUARD SHORT TERM | BondNm |
| EOY Book Value | $3,361,887 | EOYBookValueAmt |
| EOYFMV | $3,322,616 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MJP LARGE CAP FUND,LLC | $962,229 | $2,321,755 |
| MJP INTERNATIONAL FUND | $661,591 | $854,852 |
| MJP SMALL CAP FUND | $1,043,855 | $1,365,873 |
| MECHANICAL TECHNOLOGY STOCK | $262,506 | $1,988 |
| JENSEN LARGE GROWTH | $1,418,196 | $2,302,630 |
| SEMPER VIC PARTNERS | $2,677,044 | $2,677,022 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | KMP PROPERTIES | Desc |
| BOY Book Value | $12,680 | BOYBookValueAmt |
| EOY Book Value | $11,847 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INCREASE IN GRANTS PAYABLE | Desc |
| Amt | $60,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FTC FEE | $3,529 | $1,764 | $0 | $1,765 |
| K-1 INVESTMENT EXPENSES | $23,452 | $23,452 | $0 | $0 |
| MJP HOLDINGS | $52,709 | $26,355 | $0 | $26,356 |
| LAW JOURNAL | $155 | $0 | $0 | $155 |
| FIDUCIARY UNITIZATION | $150 | $75 | $0 | $75 |
| MISC EXPENSES | $63 | $31 | $0 | $31 |
| INVESTMENT EXP | $59 | $59 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Revenue And Expenses Per Books | $6,536 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $6,536 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED APPRECIATION | Desc |
| Amt | $408,246 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX | CategoryTxt |
| Amt | $9,941 | Amt |
| Net Investment Income | $9,941 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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