BETA

WALTER J GATTI FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
WALTER J GATTI FOUNDATION INC (EIN 59-3470290)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-02-19
IRS object ID
201840509349100504
Schema version
2016v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-02-19T14:09:23-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593097255PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CEROW AND COMPANY CPAS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11801 SARNO ROAD STE 3AddressLine1Txt
CityMELBOURNECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32935ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593470290EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE WALTER J GATTI FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWALTBusinessNameControlTxt
Phone3217733036PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12060 S PATRICK DRIVEAddressLine1Txt
CityINDIAN HARBOUR BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32937ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWALTER J GATTIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3217733036PhoneNum
Signature2018-02-09SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL S CEROW CPAPreparerPersonNm
PTINP00059837PTIN
Phone3212422511PhoneNum
Preparation2018-02-19PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id7765896191482DCEF850C621748DA9031A70115CAtSubmissionCreationDeviceId
At Submission Filing Device Id7765896191482DCEF850C621748DA9031A70115CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$101,827FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$300,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$300,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,165AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,165AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$227OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$227OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,392TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,392TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$286,144ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$286,144ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$287,536TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$287,536TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,464ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$89,363CashBOYAmt
Cash EOY$101,827CashEOYAmt
Cash EOYFMV$101,827CashEOYFMVAmt
Total Assets BOY$89,363TotalAssetsBOYAmt
Total Assets EOY$101,827TotalAssetsEOYAmt
Total Assets EOYFMV$101,827TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$89,363UnrestrictedBOYAmt
Unrestricted EOY$101,827UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$89,363TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$101,827TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$89,363TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$101,827TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$89,363TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,464ExcessRevenueOverExpensesAmt
Subtotal$101,827SubtotalAmt
Tot Net Ast Or Fund Balances EOY$101,827TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$82,035AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$77,926NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.052730DistributionYr1Rt
Adjusted Qlfy Distri Yr2$55,343AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$32,562NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.699619DistributionYr2Rt
Adjusted Qlfy Distri Yr3$115,658AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$105,334NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.098012DistributionYr3Rt
Adjusted Qlfy Distri Yr4$127,376AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$28,216NetVlNoncharitableAssetsYr4Amt
Distribution Yr44.514318DistributionYr4Rt
Adjusted Qlfy Distri Yr5$162,690AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$23,967NetVlNoncharitableAssetsYr5Amt
Distribution Yr56.788084DistributionYr5Rt
Total Distribution15.152763TotalDistributionRt
Average Distribution3.030553AverageDistributionRt
Net Vl Noncharitable Assets$123,491NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$374,246AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$374,246AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$287,536QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateFLOrgReportOrRegisterStateCd
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
Individual With BooksWALTER J GATTIIndividualWithBooksNm
Phone3217733036PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12060 S PATRICK DRIVEAddressLine1Txt
CityINDIAN HARBOUR BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32937ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
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
WALTER J GATTI
2060 S PATRICK DRIVEINDIAN HARBOUR BEACHFL32937PRESIDENT1.00$0$0$0
RICHARD C CEROW
1801 SARNO RD SUITE 3MELBOURNEFL32935TREASURER0.00$0$0$0
DALE A DETTMER
3040 S HARBOR CITY DR BLVD 201MELBOURNEFL32901SECRETARY0.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$125,372AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$125,372TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$125,372AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,881CashDeemedCharitableAmt
Net Vl Noncharitable Assets$123,491NetVlNoncharitableAssetsAmt
Minimum Investment Return$6,175MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$6,175MinimumInvestmentReturnAmt
Distributable Before Adj$6,175DistributableBeforeAdjAmt
Distributable Before Ded$6,175DistributableBeforeDedAmt
Distributable As Adjusted$6,175DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$287,536ExpensesAndContributionsAmt
Qualifying Distributions$287,536QualifyingDistributionsAmt
Adjusted Qualifying Distri$287,536AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$6,175DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$161,492ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$125,965ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$110,391ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$53,715ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$78,139ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$529,702TotalExcessDistributionCyovAmt
Qualifying Distributions$287,536QualifyingDistributionsAmt
Applied To Current Year$6,175AppliedToCurrentYearAmt
Remaining Distri From Corpus$281,361RemainingDistriFromCorpusAmt
Total Corpus$811,063TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$161,492ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$649,571ExcessDistriCyovToNextYrAmt
Excess From Year4$125,965ExcessFromYear4Amt
Excess From Year3$110,391ExcessFromYear3Amt
Excess From Year2$53,715ExcessFromYear2Amt
Excess From Year1$78,139ExcessFromYear1Amt
Excess From Current Year$281,361ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWALTER J GATTIRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12060 S PATRICK DRIVEAddressLine1Txt
CityINDIAN HARBOUR DRIVECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32937ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3217733036RecipientPhoneNum
Form And Info And MaterialsDETAILED WRITTEN REQUEST TOGETHER WITH A COPY OF THE ORGANIZATION'S EXEMPTION LETTER.FormAndInfoAndMaterialsTxt
Submission DeadlinesON GOING SUBMISSIONS.SubmissionDeadlinesTxt
Restrictions On AwardsTHE FOUNDATION RESTRICTS GRANTS TO EDUCATIONAL INSTITUTIONS FOR SCHOLARSHIP PURPOSES: GRANTS TO MEDICAL RESEARCH ORGANIZATIONS & OTHER ORGANIZATIONS WITH SIMILAR GOALS.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HEALTH FIRST FOUNDATION
1350 S HICKORY STMELBOURNEFL32901N/APCHEART CENTER ENHANCEMENTS$17,500
BREVARD ZOO
8225 N WICKHAM RDMELBOURNEFL32940N/APCPUBLIC ZOO$20,000
VETERANS AIRLIFT COMMAND
5775 WAYZATA BLVD STE 700ST LOUIS PARKMN55416N/APCASSIST VETERANS$15,000
WOMENS CENTER OF BREVARD
1425 AURORA RDMELBOURNEFL32935N/APCWOMEN ASSISTANCE$500
BOB BERKHIMER FUND
1845 A1A NORTH APT 703INDIALANTICFL32903N/AIASSIST WITH CHEMO THERAPY CARE$1,000
BOY SCOUTS OF AMERICA
1951 S ORANGE BLOSSOM TRLAPOPKAFL32703N/APCINSTILL YOUTH BASED VALUES$1,500
WOUNDED WARRIOR PROJECT
4899 BELFORT ROAD STE 300JACKSONVILLEFL32256N/APCTO HONOR & EMPOWER WOUNDED WARRIORS$142,794
WISHES FOR OUR HEROES
PO BOX 915PONTE VEDRA BEACHFL32004N/APCASSIST THOSE IN MILITARY & VETS$2,500
BREVARD ALZHEIMER'S
830 S PARK AVETITUSVILLEFL32780N/APCASSIST THOSE WITH RELATED DISEASE$400
NATIONAL WREATHS ACROSS AMERICA DAY
4 POINT STCOLUMBIA FALLSME04623N/APCREMEMBER, HONOR TEACH$1,500
MAYO CLINIC
4500 SAN PABLO ROADJACKSONVILLEFL32224N/APCINSPIRE HOPE & CONTRIBUTE TO HEALTH$1,250
CHILDREN'S CANCER RECOVERY
3710 INDIAN RIVER RDCHESAPEAKEVA23325N/APCSUPPORT CHILDREN & FAMILY$100
LINVILLE CNETRAL RESCUE SQUAD
PO BOX 716NEWLANDNC28657N/APCRESCUE SERVICE TO CITIZENS$500
JEWISH FEDERATION
210 E HIBISCUS BLVDMELBOURNEFL32901N/APCPROMOTES VALUES OF JEWISH LIFE$1,500
BREVARD COUNTY SHERRIFF
1515 SARNO RD BMELBOURNEFL32935N/APCPROMOTE SAFETY FOR RESIDENTS$1,500
FLORIDA INSITITUTE OF TECHNOLOGY
150 W UNIVERSITY BLVDMELBOURNEFL32901N/APCPROMOTE EDUCATION$1,000
AOPA FOUNDATION
421 AVIATION WAYFREDERICKMD21701N/APCSUPPORT AVIATION$50,000
BANNER ELK VOLUNTEER FIRE RESCUE
200 PARK AVEBANNER ELKNC28604N/APCSUPPORT FIRE DEPARTMENT$1,000
HIGH COUNTRY CHARITABLE FOUNDATION
12180 SOUTH SHORE BLVD SWELLINGTONFL33414N/APCSUPPORT FEEDING AVERY FAMILY$1,000
NATIONAL BREAST CANCER RESEARCH CEN
PO BOX 8924TOPEKAKS66608N/APCBREAST CANCER RESEARCH$100
CYSTIC FIBROSIS
1850 LEE RD STE 111WINTER PARKFL32789N/APCRESEARCH & TREATMENT$500
WINGS CLUB FOUNDATION
200 PARK AVENUE 176NEW YORKNY10166N/APCEDUCATION SCHOLARSHIPS$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$286,144TotalGrantOrContriPdDurYrAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonWALTER J GATTIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1722 LOGGERHEAD DRAddressLine1Txt
CitySATELLITE BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32937ZIPCd
FieldValueIRS element (for citing)
Total Contributions$300,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING & TAX RETURN PREP.CategoryTxt
Amt$1,165Amt
Disbursements Charitable Prps$1,165DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK SERVICE CHARGES$227$227

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