MARTINO FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MARTINO FAMILY FOUNDATION (EIN 45-6635594)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-12
IRS object ID
201701329349102770
Schema version
2016v3.0
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)
Return2017-05-12T15:36:48-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 PARK AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100175001ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN456635594EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Martino Family FoundationBusinessNameLine1Txt
Business Name Line2C/O Michael E MartinoBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL E MARTINOInCareOfNm
Business Name ControlMARTBusinessNameControlTxt
Phone2127711232PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1329 Mariomi RoadAddressLine1Txt
CityNew CanaanCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL MARTINOPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2128858000PhoneNum
Signature2017-05-12SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJonathan SchmeltzPreparerPersonNm
PTINP00182786PTIN
Phone2128858000PhoneNum
Preparation2017-05-11PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.140.180.210IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id26308920171325000033FederalOriginalSubmissionId
Federal Original Submission Id2017-05-12FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id2B3D585A6E64C8869593E72929D0CDA84E71C24AAtSubmissionCreationDeviceId
At Submission Filing Device Id6ED44AD05E478BF4C39F42875C9A1CEB06946BD7AtSubmissionFilingDeviceId
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$31,893,123FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss-$125,351NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,874,649GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss-$125,351TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$8OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$8OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$8TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$8TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,600,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,600,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,600,008TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$8TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,600,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,725,359ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$161,906CashBOYAmt
Cash EOY$342,815CashEOYAmt
Cash EOYFMV$342,815CashEOYFMVAmt
Corporate Stock BOY$29,242,069CorporateStockBOYAmt
Corporate Stock EOY$27,242,069CorporateStockEOYAmt
Corporate Stock EOYFMV$31,456,576CorporateStockEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$93,732OtherAssetsEOYAmt
Other Assets EOYFMV$93,732OtherAssetsEOYFMVAmt
Total Assets BOY$29,403,975TotalAssetsBOYAmt
Total Assets EOY$27,678,616TotalAssetsEOYAmt
Total Assets EOYFMV$31,893,123TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$29,403,975RetainedEarningBOYAmt
Retained Earning EOY$27,678,616RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$29,403,975TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$27,678,616TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$29,403,975TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$27,678,616TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$29,403,975TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,725,359ExcessRevenueOverExpensesAmt
Subtotal$27,678,616SubtotalAmt
Tot Net Ast Or Fund Balances EOY$27,678,616TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPROXIMA CAPITAL, LTD.PropertyDesc
Gross Sales Price$1,874,649GrossSalesPriceAmt
Cost Or Other Basis$2,000,000CostOrOtherBasisAmt
Gain Or Loss-$125,351GainOrLossAmt
Gains Minus Excess Or Losses-$125,351GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$125,351CapitalGainNetIncomeAmt
FieldValueIRS element (for citing)
Qlfy Und Sect4940e Reduced TaxQlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1MICHAEL E MARTINOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127711232PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1329 MARIOMI ROADAddressLine1Txt
CityNEW CANNANCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMICHAEL E MARTINOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1329 Mariomi RoadAddressLine1Txt
CityNew CanaanCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$29,327,755AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,346,501AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$30,674,256TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$30,674,256AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$460,114CashDeemedCharitableAmt
Net Vl Noncharitable Assets$30,214,142NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,510,707MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,510,707MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$1,510,707DistributableBeforeAdjAmt
Distributable Before Ded$1,510,707DistributableBeforeDedAmt
Distributable As Adjusted$1,510,707DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,600,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,600,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,600,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,510,707DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12014PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32012PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr1$52,020ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$52,020TotalExcessDistributionCyovAmt
Qualifying Distributions$1,600,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$1,510,707AppliedToCurrentYearAmt
Remaining Distri From Corpus$89,293RemainingDistriFromCorpusAmt
Total Corpus$141,313TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$141,313ExcessDistriCyovToNextYrAmt
Excess From Year1$52,020ExcessFromYear1Amt
Excess From Current Year$89,293ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE FEDERALIST SOCIETY
1015 18TH STREET NWSUITE 425WASHINGTONDC20036NONECHARITABLE$100,000
THE AMERICAN ENTERPRISE INSTITUTE
1150 SEVENTEENTH STREET NWWASHINGTONDC20036NONECHARITABLE$100,000
ST ALOYSIUS CHURCH
40 Maple StreetNEW CANAANCT06840NONECHARITABLE$8,000
FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROADFAIRFILEDCT068245195NONECHARITABLE$50,000
DUKE UNIVERSITY
PO BOX 90581DURHAMNC277080581NONECHARITABLE$50,000
ST LUKE'S SCHOOL
377 NORTH WILTON ROADNEW CANAANCT06840NONECHARITABLE$325,000
Surfers' Environmental Alliance
543 2nd AveLong BranchNJ07740NONECHARITABLE$30,000
Dana-Farber Cancer Institute
450 Brookline AveBOSTONMA02215NONECHARITABLE$320,000
INNER CITY SCHOLARSHIP FUND
1011 1st Avenue 1400NEW YORKNY10022NONECHARITABLE$320,000
OUR LADY OF LOURDES
309 South Main StWaterburyCT06706NONECHARITABLE$25,000
St Francis of Assisi
5100 Dabney StHoustonTX77026NONECHARITABLE$25,000
BOYS TOWN
14100 crawford streetboys townNE68010NONECHARITABLE$30,000
ANNUAL CATHOLIC APpeal
310 prospect park westbrooklynNY11215NONECHARITABLE$150,000
CHILDREN OF FALLEN Patriots
1818 library street suite 500restonVA20190NONECHARITABLE$25,000
Summer Search
90 Broad St 701New YorkNY10004nonecharitable$15,000
Covenant House
460 W 41st StNew YorkNY10036nonecharitable$2,000
Cato Institute
1000 Massachusetts Ave NWWashingtonDC20001nonecharitable$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,600,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$125,351ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$125,351ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$125,351TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIRST REPUBLIC SECURITIES CORP$50,092$50,092
MASON CAPITAL, LTD.$27,191,977$31,406,484
PROXIMA CAPITAL, LTD.$0$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOTHER ASSETSDesc
BOY Book Value$0BOYBookValueAmt
EOY Book Value$93,732EOYBookValueAmt
EOYFMV$93,732EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEESDesc
Revenue And Expenses Per Books$8RevenueAndExpensesPerBooksAmt
Net Investment Income$8NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonMICHAEL E MARTINOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1329 Mariomi RoadAddressLine1Txt
CityNEW CANAANCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06840ZIPCd

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