MACRICOSTAS FAMILY FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MACRICOSTAS FAMILY FOUNDATION INC (EIN 65-0777858)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-12
- IRS object ID
- 201721639349100302
- 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
- Schedule B
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-06-12T09:25:39-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 061183747 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIORITAKORNHAAS & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 146 DEER HILL AVENUE | AddressLine1Txt |
| City | DANBURY | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06810 | 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 | 650777858 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MACRICOSTAS FAMILY FOUNDATIONINC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MACR | BusinessNameControlTxt |
| Phone | 5617455568 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5509 PENNOCK POINT ROAD | AddressLine1Txt |
| City | JUPITER | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33458 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARIE C MACRICOSTAS | PersonNm |
| Person Title | SECRETARY/DIRECTOR | PersonTitleTxt |
| Phone | 5617455568 | PhoneNum |
| Signature | 2017-06-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FIORITA KORNHAAS CO PC | PreparerPersonNm |
| PTIN | P00638833 | PTIN |
| Phone | 2037901040 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 32.215.66.61 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-06-12 | IPDt |
| IP Tm | 10:23:32 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 7A52326A3DEC23B7135EBEB22403B84170C604AA | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 6EF263352DCEA3F8FFE5829C8829361736D0CB42 | 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 | $4,125,834 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,994,747 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $108 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $108 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $15,261 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $15,261 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$128,200 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,089,693 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,881,916 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $15,369 | 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 |
| Other Expenses Rev And Expnss | $2,996 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,996 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,996 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,996 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $750,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $750,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $752,996 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,996 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $750,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,128,920 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,373 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $32,759 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $141,888 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $141,888 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,965,199 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,965,199 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,018,747 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,018,747 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $32,759 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,125,834 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,125,834 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $100,000 | LoansFromOfficersBOYAmt |
| Total Liabilities BOY | $100,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | -$67,241 | UnrestrictedBOYAmt |
| Unrestricted EOY | $2,107,087 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $0 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $2,018,747 | TemporarilyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$67,241 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,125,834 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $32,759 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,125,834 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$67,241 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,128,920 | ExcessRevenueOverExpensesAmt |
| Other Increases | $64,155 | OtherIncreasesAmt |
| Subtotal | $4,125,834 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,125,834 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (24 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| ISHARES 7-10YEAR TREAS BOND 443.0000 | 2016-11-04 | 2016-12-14 | $46,533 | $48,959 | -$2,426 | -$2,426 |
| ISHARES 1-3 YEAR CREDIT BOND ETF 448 | 2016-11-04 | 2016-12-20 | $46,891 | $47,285 | -$394 | -$394 |
| SECTOR SPDR CONSMRS STPL 392 | 2016-11-04 | 2016-11-14 | $19,724 | $20,314 | -$590 | -$590 |
| ISHARES 1-3 YEAR CREDIT BOND ETF 471 | 2016-11-04 | 2016-12-22 | $49,298 | $49,713 | -$415 | -$415 |
| VANECK VECTORS HIGH YIELD MUNICIPAL INDE 3354 | 2016-11-04 | 2016-11-30 | $96,235 | $105,736 | -$9,501 | -$9,501 |
| PHOTRONICS INC 8438 | 2016-01-26 | 2016-02-05 | $96,179 | $100,834 | -$4,655 | -$4,655 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-08 | $112,899 | $119,500 | -$6,601 | -$6,601 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-09 | $110,107 | $119,500 | -$9,393 | -$9,393 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-10 | $111,892 | $119,500 | -$7,608 | -$7,608 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-12 | $93,769 | $119,500 | -$25,731 | -$25,731 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-16 | $93,753 | $93,355 | $398 | $398 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-18 | $97,049 | $115,531 | -$18,482 | -$18,482 |
| PHOTRONICS INC 7374 | 2016-09-09 | 2016-09-12 | $73,780 | $74,477 | -$697 | -$697 |
| PHOTRONICS INC 25000 | 2016-09-09 | 2016-09-13 | $248,588 | $252,500 | -$3,912 | -$3,912 |
| PHOTRONICS INC 25000 | 2016-09-09 | 2016-09-14 | $246,762 | $252,500 | -$5,738 | -$5,738 |
| PHOTRONICS INC 25000 | 2016-09-09 | 2016-09-15 | $248,294 | $252,500 | -$4,206 | -$4,206 |
| PHOTRONICS INC 25000 | 2016-09-09 | 2016-09-16 | $244,512 | $252,500 | -$7,988 | -$7,988 |
| PHOTRONICS INC 25000 | 2016-09-09 | 2016-09-19 | $244,592 | $252,500 | -$7,908 | -$7,908 |
| PHOTRONICS INC 25000 | 2016-09-09 | 2016-09-20 | $244,585 | $252,500 | -$7,915 | -$7,915 |
| PHOTRONICS INC 10000 | 2016-01-26 | 2016-02-04 | $117,862 | $119,500 | -$1,638 | -$1,638 |
| PHOTRONICS INC 1562 | 2016-01-26 | 2016-02-05 | $17,804 | $18,666 | -$862 | -$862 |
| PHOTRONICS INC 18563 | 2016-09-09 | 2016-09-09 | $187,286 | $187,486 | -$200 | -$200 |
| PHOTRONICS INC 6437 | 2016-09-09 | 2016-09-09 | $64,944 | $65,014 | -$70 | -$70 |
| PHOTRONICS INC 17626 | 2016-09-09 | 2016-09-12 | $176,355 | $178,023 | -$1,668 | -$1,668 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$128,200 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $890,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $363,296 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 2.449793 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $765,500 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $377,469 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 2.027981 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $16,200 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $282,522 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.057341 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $11,700 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $275,098 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.042530 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $5,750 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $310,316 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.018529 | DistributionYr5Rt |
| Total Distribution | 4.596174 | TotalDistributionRt |
| Average Distribution | 0.919235 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,414,218 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,299,999 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $124 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,300,123 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $750,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $247 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $247 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $247 | TaxBasedOnInvestmentIncomeAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $247 | 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 | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | 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 | CONSTANTINE S MACRICOSTAS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5617455568 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5509 PENNOCK POINT ROAD | AddressLine1Txt |
| City | JUPITER | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33458 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| CONSTANTINE S MACRICOSTAS | ||||||||
| 5509 PENNOCK POINT ROAD | JUPITER | FL | 33458 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| MARIE C MACRICOSTAS | ||||||||
| 5509 PENNOCK POINT ROAD | JUPITER | FL | 33458 | SECRETARY | 2.00 | $0 | $0 | $0 |
| GEORGE MACRICOSTAS | ||||||||
| 930 TAHOE BLVD 802-525 | INCLINE VILLAGE | NV | 89451 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| STEPHEN MACRICOSTAS | ||||||||
| 321 OCEAN DRIVE UNIT 200 | MIAMI BEACH | FL | 33139 | VICE PRESIDENT | 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 | $405,170 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,030,584 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,435,754 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,435,754 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $21,536 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,414,218 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $70,711 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $70,711 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $247 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $247 | TotalTaxAmt |
| Distributable Before Adj | $70,464 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $70,464 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $70,464 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $750,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $750,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $750,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $70,464 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $2,177 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $746,627 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $871,835 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,620,639 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $750,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $70,464 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $679,536 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,300,175 | 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 | $2,300,175 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $2,177 | ExcessFromYear3Amt |
| Excess From Year2 | $746,627 | ExcessFromYear2Amt |
| Excess From Year1 | $871,835 | ExcessFromYear1Amt |
| Excess From Current Year | $679,536 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CONSTANTINE S MACRICOSTAS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WESTERN CONNECTICUT STATE UNIVERSITY | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 181 WHITE STREET | AddressLine1Txt |
| City | DANBURY | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06810 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PUBLIC CHARITY | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | MACRICOSTAS SCHOOL OF ARTS AND SCIENCESMACRICOSTAS SCHOOL OF ARTS AND SCIENCES | GrantOrContributionPurposeTxt |
| Amt | $750,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $750,000 | 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 | $108 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $15,261 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$128,200 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$112,831 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$112,831 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| CONSTANTINE AND MARIE MACRICOSTAS | ||||||
| 1 | 5509 PENNOCK POINT ROAD | JUPITER | FL | 33458 | $956,000 | Yes (X) |
| CONSTANTINE AND MARIE MACRICOSTAS | ||||||
| 2 | 5509 PENNOCK POINT ROAD | JUPITER | FL | 33458 | $2,020,000 | Yes (X) |
| CONSTANTINE AND MARIE MACRICOSTAS | ||||||
| 3 | 5509 PENNOCK POINT ROAD | JUPITER | FL | 33458 | $2,018,747 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 80000 SHS PHOTRONICS INC COMMON STOCK | $956,000 | 2016-01-26 |
| 2 | 200000 SHS PHOTRONICS INC COMMON STOCK | $2,020,000 | 2016-09-09 |
| 3 | REMAINDER INTEREST IN 46 SAIL HARBOUR DRIVE,NEW FAIRFIELD, CONNECTICUT | $2,018,747 | 2016-12-30 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | MUTUAL FUNDS-VARIOUS | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $1,965,199 | BookValueAmt |
| EOYFMV | $1,965,199 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REMAINDER INTEREST-REAL ESTATE | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $2,018,747 | EOYBookValueAmt |
| EOYFMV | $2,018,747 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ASSET FEES | $2,716 | $2,716 | $0 | $0 |
| FILING FEES | $61 | $61 | $0 | $0 |
| FOREIGN TAX PAID | $219 | $219 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PAID IN CAPITAL | $61 |
| FAS 115 UNREALIZED GAIN | $64,094 |
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