SEAN AND CATHY HANLON FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SEAN AND CATHY HANLON FOUNDATION INC (EIN 47-2415209)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-05
IRS object ID
201731259349100823
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)
Return2017-05-05T12:20:58-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Paul S Bauer CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11601 Tilton RoadAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08225ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472415209EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Sean and Cathy HanlonBusinessNameLine1Txt
Business Name Line2Foundation IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSEANBusinessNameControlTxt
Phone6096011200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13393 Bargaintown RoadAddressLine1Txt
CityEgg Harbor TownshipCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08234ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJohn J Hanlon IVPersonNm
Person TitleTrusteePersonTitleTxt
Signature2017-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul S Bauer CPAPreparerPersonNm
PTINP01202995PTIN
Phone6096452888PhoneNum
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$1,107,409FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,026DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,026DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,026DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$707NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$577,933GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$707CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$40,538NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$3,733TotalRevAndExpnssAmt
Total Net Invst Incm$3,733TotalNetInvstIncmAmt
Total Adj Net Incm$43,564TotalAdjNetIncmAmt
Taxes Rev And Expnss$160TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$160TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$454,674ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$454,674ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$454,834TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$454,674TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$451,101ExcessRevenueOverExpensesAmt
Net Investment Income$3,733NetInvestmentIncomeAmt
Adjusted Net Income$43,564AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,060,090SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,107,409SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,107,409SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$498,420OtherInvestmentsBOYAmt
Total Assets BOY$1,558,510TotalAssetsBOYAmt
Total Assets EOY$1,107,409TotalAssetsEOYAmt
Total Assets EOYFMV$1,107,409TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,558,510UnrestrictedBOYAmt
Unrestricted EOY$1,107,409UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,558,510TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,107,409TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,558,510TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,107,409TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,558,510TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$451,101ExcessRevenueOverExpensesAmt
Subtotal$1,107,409SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,107,409TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
5000 CVR Energy IncP2016-10-272016-12-09$114,142$72,550$41,592$41,592
77.869 Mid-Cap ProfundP2016-11-212016-12-14$6,442$6,256$186$186
47721.498 Hanlon Tactical Div and Momentum FundP2015-10-202016-11-18$437,597$477,428-$39,831-$39,831
2103.525 Hanlon Tactical Div and Momentum FundP2015-12-302016-12-14$19,752$20,992-$1,240-$1,240
FieldValueIRS element (for citing)
Capital Gain Net Income$707CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$40,538NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$449,468AdjustedQlfyDistriYr1Amt
Net Investment Income Pct$37NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$37AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$454,674QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$37InvestmentIncomeExciseTaxAmt
Subtotal$37SubtotalAmt
Tax Based On Investment Income$37TaxBasedOnInvestmentIncomeAmt
Tax Due$37TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1John J Hanlon IVBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6096011200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13393 Bargaintown Road - Suite 200AddressLine1Txt
CityEgg Harbor TownshipCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08234ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
John J Hanlon IV
127 Harbor RoadMarmoraNJ08223Trustee0.00$0
Cathy L Hanlon
127 Harbor RoadMarmoraNJ08223Trustee0.00$0
John J Hanlon V
1192 Orchard Street - Apt 8bNew YorkNY10002Trustee0.00$0
Erin S Hanlon
127 Harbor RoadMarmoraNJ08223Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Stevens Institute Hanlon Financial Systems LabDescription1Txt
Expenses1$400,000Expenses1Amt
Description2Marine Mammal Stranding CenterDescription2Txt
Expenses2$5,000Expenses2Amt
Description3Community Food BankDescription3Txt
Expenses3$5,000Expenses3Amt
Description4Atlantic City Rescue MissionDescription4Txt
Expenses4$4,000Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$37TaxBasedOnInvestmentIncomeAmt
Total Tax$37TotalTaxAmt
Distributable Before Adj$37DistributableBeforeAdjAmt
Distributable Before Ded$37DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$454,674ExpensesAndContributionsAmt
Qualifying Distributions$454,674QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$37PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$454,637AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$449,468ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$449,468TotalExcessDistributionCyovAmt
Qualifying Distributions$454,674QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$454,674RemainingDistriFromCorpusAmt
Total Corpus$904,142TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$904,142ExcessDistriCyovToNextYrAmt
Excess From Year1$449,468ExcessFromYear1Amt
Excess From Current Year$454,674ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonThe Sean and Cathy Hanlon FoundatioRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13393 Bargaintown Road 200AddressLine1Txt
CityEgg Harbor TownshipCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08234ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6096011200RecipientPhoneNum
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Stevens Institute
1 Castle Point TerraceHobokenNJ07030NCEducational Purposes$400,000
Miscelaneous 501c3 Organizations
VariousVariousNJ08232NCCharitable Purposes$54,674
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$454,674TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,026RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$707RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,733RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,733TotalIncomeProducingActyAmt

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Income TaxCategoryTxt
Amt$160Amt

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