PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC (EIN 82-0568453)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-03-28
- IRS object ID
- 201720879349100202
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-03-28T10:23:41-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475153865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSEN SAPPERSTEIN & FRIEDLANDER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 RED BROOK BLVD SUITE 200 | AddressLine1Txt |
| City | OWINGS MILLS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820568453 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILIP E AND CAROLE R RATCLIFFE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 9543280324 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 64 ISLA BAHIA DRIVE | AddressLine1Txt |
| City | FT LAUDERDALE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33316 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROLE R RATCLIFFE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9543280324 | PhoneNum |
| Signature | 2017-03-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERROL G PRESSER CPA | PreparerPersonNm |
| PTIN | P00024111 | PTIN |
| Phone | 4105810800 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 144.202.233.66 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-03-16 | IPDt |
| IP Tm | 09:13:40 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BA12471EDF142F69CB1F46E5B6454E26369CDCC2 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | BA12471EDF142F69CB1F46E5B6454E26369CDCC2 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $30,235,917 | 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 | $1,455 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,455 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $722,508 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $722,508 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$155,591 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,877,828 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $50,183 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $50,183 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $618,555 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $774,146 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $62,806 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $62,806 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $19,844 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $19,844 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,441 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,441 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $129,739 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $129,739 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $5,875 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $5,875 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $25,455 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $42 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $289,660 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $226,747 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,898,555 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,898,555 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,188,215 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $226,747 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,898,555 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,569,660 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $547,399 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $444,149 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $450,598 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $450,598 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $58,375 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $33,375 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $58,375 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $58,375 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $30,629,292 | CorporateStockBOYAmt |
| Corporate Stock EOY | $28,428,183 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $29,222,179 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $500,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $500,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $500,000 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $4,765 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,765 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,765 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $31,611,581 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,441,921 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $30,235,917 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $3,000,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $2,400,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $3,000,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,400,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $28,611,581 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,041,921 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $28,611,581 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,041,921 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $31,611,581 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $29,441,921 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $28,611,581 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,569,660 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $27,041,921 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $27,041,921 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (18 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| EXHIBIT I - PG 7 OF 16 | P | $655,727 | $653,254 | $2,473 | $2,473 |
| EXHIBIT I - PG 16 OF 16 | P | $414,963 | $432,607 | -$17,644 | -$17,644 |
| EXHIBIT I - PG 16 OF 16 | P | $16 | $16 | $16 | |
| EXHIBIT II - PG 1 OF 5 | P | $378,915 | $389,892 | -$10,977 | -$10,977 |
| EXHIBIT II - PG 5 OF 5 | P | $7,837,412 | $8,116,910 | -$279,498 | -$279,498 |
| EXHIBIT III - PG 2 OF 7 | P | $24,276 | $42,801 | -$18,525 | -$18,525 |
| EXHIBIT III - PG 6 OF 7 | P | $139,287 | $150,386 | -$11,099 | -$11,099 |
| EXHIBIT III - PG 7 OF 7 | P | $6,120 | $8,839 | -$2,719 | -$2,719 |
| EXHIBIT IV - PG 1 OF 1 | P | $776,113 | $765,598 | $10,515 | $10,515 |
| EXHIBIT IV - PG 1 OF 1 | P | $150,000 | $148,860 | $1,140 | $1,140 |
| EXHIBIT V - PG 1 OF 1 | P | $507,605 | $505,458 | $2,147 | $2,147 |
| EXHIBIT VI - PG 1 OF 2 | P | $271 | $459 | -$188 | -$188 |
| EXHIBIT VI - PG 2 OF 2 | P | $62,676 | $79,974 | -$17,298 | -$17,298 |
| EXHIBIT VII - PG 6 OF 12 | P | $1,024,365 | $1,011,548 | $12,817 | $12,817 |
| EXHIBIT VII - PG 6 OF 12 | P | $12,611 | $12,254 | $357 | $357 |
| EXHIBIT VII - PG 12 OF 12 | P | $743,098 | $695,444 | $47,654 | $47,654 |
| EXHIBIT VII - PG 12 OF 12 | P | $13,628 | $19,135 | -$5,507 | -$5,507 |
| CAPITAL GAINS DIVIDENDS | P | $130,745 | $130,745 | $130,745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$155,591 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,150,275 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $31,871,821 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.067466 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $4,923,634 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $32,673,086 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.150694 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,435,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $30,060,828 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.047737 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $975,000 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $18,066,918 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.053966 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $320,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $9,163,816 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.034920 | DistributionYr5Rt |
| Total Distribution | 0.354783 | TotalDistributionRt |
| Average Distribution | 0.070957 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $28,806,686 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,044,036 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $5,474 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,049,510 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,898,555 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,948 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $10,948 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $10,948 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $28,636 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $28,636 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $17,688 | OverpaymentAmt |
| Applied To ES Tax | $10,960 | AppliedToESTaxAmt |
| Refund | $6,728 | RefundAmt |
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 | MD | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAROLE R RATCLIFFE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9543280324 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 64 ISLA BAHIA DRIVE | AddressLine1Txt |
| City | FORT LAUDERDALE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33316 | 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 |
| 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 (2 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| CAROLE R RATCLIFFE | |||||||||
| 64 ISLA BAHIA DRIVE | FT LAUDERDALE | FL | 33316 | PRESIDENT/SECRETARY | 1.00 | $0 | $0 | $0 | |
| JAMES D WRIGHT | |||||||||
| C/O VENABLE LLP 750 E PRATT STREET | BALTIMORE | MD | 21202 | VICE PRESIDENT/TREASURER | 1.00 | $37,500 | $0 | $1,720 | SUITE 900 |
| 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 | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $269,376 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $28,975,990 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $29,245,366 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $29,245,366 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $438,680 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,806,686 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,440,334 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,440,334 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,948 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,948 | TotalTaxAmt |
| Distributable Before Adj | $1,429,386 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,429,386 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,429,386 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,898,555 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,898,555 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,898,555 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,429,386 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $90,919 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $3,466,712 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $566,448 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,124,079 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,898,555 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,429,386 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $469,169 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,593,248 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,593,248 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $90,919 | ExcessFromYear4Amt |
| Excess From Year2 | $3,466,712 | ExcessFromYear2Amt |
| Excess From Year1 | $566,448 | ExcessFromYear1Amt |
| Excess From Current Year | $469,169 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CAROLE R RATCLIFFE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 64 ISLA BAHIA DRIVE | AddressLine1Txt |
| City | FT LAUDERDALE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33316 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9543280324 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN LETTER REGARDING NATURE AND USE OF REQUESTED GRANT. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THE FOUNDATION HAS NO SUBMISSION DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION HAS NO RESTRICTIONS OR LIMITATIONS ON AWARDS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BALDWIN-WALLACE COLLEGE | |||||||
| 275 EASTLAND ROAD | BEREA | OH | 44017 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| CHILDREN'S HOME FOUNDATION | |||||||
| 215 WALTHAM FARM LANE | CENTREVILLE | MD | 21617 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $30,000 |
| INSTITUTE OF MARINE & ENVIRONMENTAL TECHNOLOGY | |||||||
| 701 E PRATT STREET | BALTIMORE | MD | 21202 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $200,000 |
| MARYLAND INSTITUTE COLLEGE OF ART (MICA) | |||||||
| 1300 WEST MOUNT ROYAL AVENUE | BALTIMORE | MD | 21217 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $200,000 |
| OYSTER RECOVERY PARTNERSHIP | |||||||
| 1805A VIRGINIA STREET | ANNAPOLIS | MD | 21401 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $635,000 |
| SALISBURY UNIVERSITY FOUNDATION | |||||||
| 1308 CAMDEN AVENUE | SALISBURY | MD | 218022655 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $225,000 |
| UNIVERSITY OF BALTIMORE FOUNDATION | |||||||
| 1420 N CHARLES STREET | BALTIMORE | MD | 21201 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC | |||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $200,000 |
| CCBC | |||||||
| 800 S ROLLING ROAD | CATONSVILLE | MD | 21228 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $137,000 |
| USM FOUNDATION | |||||||
| 701 EAST PRATT STREET | BALTIMORE | MD | 21202 | NONE | 501(C)(3) | UNRESTRICTED USE BY RECIPIENT | $71,555 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,898,555 | 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 | $1,455 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $722,508 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $183 | ExclusionAmt |
| Related Or Exempt Function Incm | $50,000 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$155,591 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $568,555 | ExclusionAmt |
| Related Or Exempt Function Incm | $50,000 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $618,555 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 7 | LineNumberTxt |
| Relationship Statement | TAX REFUNDS RECEIVED - FUNDS USED IN THE FOUNDATION'S EXEMPT FUNCTION | RelationshipStatementTxt |
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 | ACCOUNTANT FEES | CategoryTxt |
| Amt | $8,441 | Amt |
| Net Investment Income | $8,441 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MARKETABLE SECURITIES - GOLDMAN SACHS | StockNm |
| EOY Book Value | $28,428,183 | EOYBookValueAmt |
| EOYFMV | $29,222,179 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LOAN RECEIVABLE | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $500,000 | BookValueAmt |
| EOYFMV | $500,000 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $19,844 | LegalFeesAmt |
| Net Investment Income | $19,844 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ORGANIZATION EXPENSES | Desc |
| BOY Book Value | $4,765 | BOYBookValueAmt |
| EOY Book Value | $4,765 | EOYBookValueAmt |
| EOYFMV | $4,765 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $42 | $42 | $0 |
| MISCELLANEOUS FOUNDATION EXPENSES | $25,413 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| GOLDMAN SACHS ACCT 051-57253-5 - PAYMENTS IN LIEU OF INTEREST | $183 | $183 | $183 |
| TAX REFUND RECEIVED | $50,000 | $50,000 | $50,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $129,739 | Amt |
| Net Investment Income | $129,739 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES WITHHELD | $5,752 | $5,752 | $0 |
| RECLAIMABLE FOREIGN TAX | $123 | $123 | $0 |
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