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WALTER J GATTI FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WALTER J GATTI FOUNDATION INC (EIN 59-3470290)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-01-24
IRS object ID
201720249349100002
Schema version
2015v3.0
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)
Return2017-01-24T09:59:05-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

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 Begin2015-07-01TaxPeriodBeginDt

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
Signature2016-12-26SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL S CEROW CPAPreparerPersonNm
PTINP00059837PTIN
Phone3212422511PhoneNum
Preparation2017-01-24PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$89,363FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$160,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$160,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$865AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$865AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$4,700OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$4,700OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$112OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$112OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$5,677TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,677TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$76,358ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$76,358ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$82,035TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$82,035TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$77,965ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,398CashBOYAmt
Cash EOY$89,363CashEOYAmt
Cash EOYFMV$89,363CashEOYFMVAmt
Total Assets BOY$11,398TotalAssetsBOYAmt
Total Assets EOY$89,363TotalAssetsEOYAmt
Total Assets EOYFMV$89,363TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$11,398UnrestrictedBOYAmt
Unrestricted EOY$89,363UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$11,398TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$89,363TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,398TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$89,363TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,398TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$77,965ExcessRevenueOverExpensesAmt
Subtotal$89,363SubtotalAmt
Tot Net Ast Or Fund Balances EOY$89,363TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$55,343AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$32,562NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.699619DistributionYr1Rt
Adjusted Qlfy Distri Yr2$115,658AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$105,334NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.098012DistributionYr2Rt
Adjusted Qlfy Distri Yr3$127,376AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$28,216NetVlNoncharitableAssetsYr3Amt
Distribution Yr34.514318DistributionYr3Rt
Adjusted Qlfy Distri Yr4$162,690AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$23,967NetVlNoncharitableAssetsYr4Amt
Distribution Yr46.788084DistributionYr4Rt
Adjusted Qlfy Distri Yr5$260,667AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$142,470NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.829627DistributionYr5Rt
Total Distribution15.929660TotalDistributionRt
Average Distribution3.185932AverageDistributionRt
Net Vl Noncharitable Assets$77,926NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$248,267AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$248,267AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$82,035QualifyingDistributionsAmt

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 BEACHFL32937PRESIDENT0.00$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$79,113AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$79,113TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$79,113AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,187CashDeemedCharitableAmt
Net Vl Noncharitable Assets$77,926NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,896MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,896MinimumInvestmentReturnAmt
Distributable Before Adj$3,896DistributableBeforeAdjAmt
Distributable Before Ded$3,896DistributableBeforeDedAmt
Distributable As Adjusted$3,896DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$82,035ExpensesAndContributionsAmt
Qualifying Distributions$82,035QualifyingDistributionsAmt
Adjusted Qualifying Distri$82,035AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,896DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$253,543ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$161,492ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$125,965ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$110,391ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$53,715ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$705,106TotalExcessDistributionCyovAmt
Qualifying Distributions$82,035QualifyingDistributionsAmt
Applied To Current Year$3,896AppliedToCurrentYearAmt
Remaining Distri From Corpus$78,139RemainingDistriFromCorpusAmt
Total Corpus$783,245TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$253,543ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$529,702ExcessDistriCyovToNextYrAmt
Excess From Year4$161,492ExcessFromYear4Amt
Excess From Year3$125,965ExcessFromYear3Amt
Excess From Year2$110,391ExcessFromYear2Amt
Excess From Year1$53,715ExcessFromYear1Amt
Excess From Current Year$78,139ExcessFromCurrentYearAmt

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 (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HEALTH FIRST FOUNDATION
1350 S HICKORY STMELBOURNEFL32901N/APCHEART CENTER ENHANCEMENTS$13,400
BREVARD ZOO
8225 N WICKHAM RDMELBOURNEFL32940N/APCPUBLIC ZOO$1,500
FLORIDA POLICE ATHLETIC LEAGUE
PO BOX 350399JACKSONVILLEFL32235N/APCJUVENILE DELINQUENCY PREVENTION$500
MELBOURNE CENTRAL CATHOLIC
100 EAST FLORIDA AVENUEMELBOURNEFL32901N/APCEDUCATION FACILITY$100
VETERANS AIRLIFT COMMAND
5775 WAYZATA BLVD STE 700ST LOUIS PARKMN55416N/APCASSIST VETERANS$5,000
WOMENS CENTER OF BREVARD
1425 AURORA RDMELBOURNEFL32935N/APCWOMEN ASSISTANCE$1,000
BELLA'S ANGELS
PO BOX 1562JUPITERFL33468N/APCASSIST CHILDREN WITH LIFE LONG DISAB$5,600
BREVARD HUMANE SOCIETY
1020 COX ROADCOCOAFL32926N/APCPROMOTE ANIMAL WELFARE$500
WILLIAM FARINA BENEFIT TRUST
9630 S TROPICAL TRAILMERRITT ISLANDFL32952N/AIASSISTANCE FOR ACUTE LEUKEMIA$2,500
SPECIAL OLYMPICS
19TH STREET NW 12TH FLOOWASHINGTONDC20036N/APCEMPOWER THOSE WITH DISABILITIES$1,000
SCOTT CENTER FOR AUTISM TREATMENT
150 W UNIVERSITY BLVDMELBOURNEFL32901N/APCPROVIDE SERVICES AFFECTED BY AUTISM$5,000
BOY SCOUTS OF AMERICA
1951 S ORANGE BLOSSOM TRLAPOPKAFL32703N/APCINSTILL YOUTH BASED VALUES$500
WOUNDED WARRIOR PROJECT
4899 BELFORT ROAD STE 300JACKSONVILLEFL32256N/APCTO HONOR & EMPOWER WOUNDED WARRIORS$39,758
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$76,358TotalGrantOrContriPdDurYrAmt

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$160,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING & TAX RETURN PREP.CategoryTxt
Amt$865Amt
Disbursements Charitable Prps$865DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK SERVICE CHARGES$65$65
OFFICE SUPPLIES$47$47

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$4,700Amt
Disbursements Charitable Prps$4,700DisbursementsCharitablePrpsAmt

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