MICHAEL & MARGARET PICOTTE FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MICHAEL & MARGARET PICOTTE FOUNDATION INC (EIN 06-1307349)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-05-12
- IRS object ID
- 201731329349100998
- 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 Bonds Schedule
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T13:57:22-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131459550 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAZARS USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 WEST 50TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100200002 | 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 | 061307349 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL AND MARGARET PICOTTE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 5184654747 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 CORPORATE WOODS BLVD NO 600 | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12211 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL PICOTTE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5184654747 | PhoneNum |
| Signature | 2017-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ISRAEL TANNENBAUM | PreparerPersonNm |
| PTIN | P01589203 | PTIN |
| Phone | 2128127000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.20.172.134 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-05-09 | IPDt |
| IP Tm | 10:58:29 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 7562943CE46A53D84A197558264F0E6A4E2D2ACB | 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 | $3,345,051 | 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 | $11,644 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $11,644 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $78,097 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $78,097 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$200,396 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,070,566 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $17 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $17 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | -$110,638 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $89,758 | 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 |
| Accounting Fees Rev And Expnss | $1,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $550 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $550 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $2,785 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $243 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,479 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,165 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,314 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,364 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,958 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,864 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $157,526 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $157,526 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $165,890 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,958 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $159,390 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$276,528 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $85,800 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $64,334 | CashBOYAmt |
| Cash EOY | $31,824 | CashEOYAmt |
| Cash EOYFMV | $31,824 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $193,164 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $64,204 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $64,204 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $2,244,074 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,133,801 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,720,029 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $544,381 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $536,425 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $528,994 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $3,045,953 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,766,254 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,345,051 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $3,045,953 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,766,254 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,045,953 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,766,254 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,045,953 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,766,254 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,045,953 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$276,528 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,769,425 | SubtotalAmt |
| Other Decreases | $3,171 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,766,254 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (48 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| LONGLEAF PARTNERS FUND | P | 2011-06-24 | 2016-01-27 | $230,830 | $359,579 | -$128,749 | -$128,749 |
| LONGLEAF PARTNERS FUND | P | 2011-09-12 | 2016-01-27 | $58,146 | $80,000 | -$21,854 | -$21,854 |
| LONGLEAF PARTNERS FUND | P | 2014-11-12 | 2016-01-27 | $46,594 | $77,624 | -$31,030 | -$31,030 |
| LONGLEAF PARTNERS FUND | P | 2014-12-30 | 2016-01-27 | $2,583 | $4,253 | -$1,670 | -$1,670 |
| LONGLEAF PARTNERS FUND | P | 2015-11-11 | 2016-01-27 | $69,458 | $80,713 | -$11,255 | -$11,255 |
| LONGLEAF PARTNERS FUND | P | 2015-11-11 | 2016-01-27 | $132 | $153 | -$21 | -$21 |
| LONGLEAF PARTNERS FUND | P | 2015-12-29 | 2016-01-27 | $6,653 | $7,565 | -$912 | -$912 |
| LONGLEAF PARTNERS FUND | P | 2012-11-09 | 2016-01-27 | $53,443 | $71,993 | -$18,550 | -$18,550 |
| LONGLEAF PARTNERS FUND | P | 2011-11-09 | 2016-01-27 | $7,965 | $11,359 | -$3,394 | -$3,394 |
| LONGLEAF PARTNERS FUND | P | 2011-12-30 | 2016-01-27 | $1,544 | $2,160 | -$616 | -$616 |
| LONGLEAF PARTNERS FUND | P | 2012-12-31 | 2016-01-27 | $3,914 | $5,333 | -$1,419 | -$1,419 |
| LONGLEAF PARTNERS FUND | P | 2013-11-08 | 2016-01-27 | $11,694 | $19,658 | -$7,964 | -$7,964 |
| LONGLEAF PARTNERS FUND | P | 2013-12-31 | 2016-01-27 | $936 | $1,646 | -$710 | -$710 |
| PIMCO LOW DURATION FUND | P | 2013-07-31 | 2016-07-27 | $413,697 | $429,732 | -$16,035 | -$16,035 |
| PIMCO LOW DURATION FUND | P | 2015-10-01 | 2016-07-27 | $889 | $890 | -$1 | -$1 |
| PIMCO LOW DURATION FUND | P | 2015-11-01 | 2016-07-27 | $743 | $747 | -$4 | -$4 |
| PIMCO LOW DURATION FUND | P | 2015-12-01 | 2016-07-27 | $593 | $595 | -$2 | -$2 |
| PIMCO LOW DURATION FUND | P | 2015-12-29 | 2016-07-27 | $427 | $427 | $0 | $0 |
| PIMCO LOW DURATION FUND | P | 2016-01-01 | 2016-07-27 | $856 | $856 | $0 | $0 |
| PIMCO LOW DURATION FUND | P | 2016-02-01 | 2016-07-27 | $409 | $409 | $0 | $0 |
| PIMCO LOW DURATION FUND | P | 2016-03-01 | 2016-07-27 | $358 | $356 | $2 | $2 |
| PIMCO LOW DURATION FUND | P | 2016-04-01 | 2016-07-27 | $822 | $823 | -$1 | -$1 |
| PIMCO LOW DURATION FUND | P | 2016-05-01 | 2016-07-27 | $716 | $719 | -$3 | -$3 |
| PIMCO LOW DURATION FUND | P | 2016-06-01 | 2016-07-27 | $892 | $894 | -$2 | -$2 |
| PIMCO LOW DURATION FUND | P | 2016-07-01 | 2016-07-27 | $952 | $954 | -$2 | -$2 |
| PIMCO SHORT TERM FUND | P | 2014-01-14 | 2016-07-27 | $106,708 | $108,023 | -$1,315 | -$1,315 |
| PIMCO SHORT TERM FUND | P | 2015-02-01 | 2016-07-27 | $75 | $74 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2015-03-01 | 2016-07-27 | $51 | $51 | $0 | $0 |
| PIMCO SHORT TERM FUND | P | 2015-04-01 | 2016-07-27 | $70 | $70 | $0 | $0 |
| PIMCO SHORT TERM FUND | P | 2015-05-01 | 2016-07-27 | $87 | $87 | $0 | $0 |
| PIMCO SHORT TERM FUND | P | 2015-06-01 | 2016-07-27 | $107 | $108 | -$1 | -$1 |
| PIMCO SHORT TERM FUND | P | 2015-07-01 | 2016-07-27 | $112 | $113 | -$1 | -$1 |
| PIMCO SHORT TERM FUND | P | 2015-08-01 | 2016-07-27 | $122 | $123 | -$1 | -$1 |
| PIMCO SHORT TERM FUND | P | 2015-09-01 | 2016-07-27 | $127 | $128 | -$1 | -$1 |
| PIMCO SHORT TERM FUND | P | 2015-10-01 | 2016-07-27 | $128 | $127 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2015-11-01 | 2016-07-27 | $135 | $135 | $0 | $0 |
| PIMCO SHORT TERM FUND | P | 2015-12-01 | 2016-07-27 | $148 | $148 | $0 | $0 |
| PIMCO SHORT TERM FUND | P | 2015-12-29 | 2016-07-27 | $365 | $364 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2016-01-01 | 2016-07-27 | $173 | $173 | $0 | $0 |
| PIMCO SHORT TERM FUND | P | 2016-02-01 | 2016-07-27 | $147 | $146 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2016-03-01 | 2016-07-27 | $140 | $139 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2016-04-01 | 2016-07-27 | $161 | $160 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2016-05-01 | 2016-07-27 | $177 | $176 | $1 | $1 |
| PIMCO SHORT TERM FUND | P | 2016-06-01 | 2016-07-27 | $153 | $154 | -$1 | -$1 |
| PIMCO SHORT TERM FUND | P | 2016-07-01 | 2016-07-27 | $175 | $174 | $1 | $1 |
| PIMCO LOW DURATION FUND | P | 2013-08-08 | 2016-07-27 | $28 | $29 | -$1 | -$1 |
| PIMCO LOW DURATION FUND | P | 2013-09-06 | 2016-07-27 | $793 | $822 | -$29 | -$29 |
| PARTNERSHIP GAINS | P | 2014-09-01 | 2016-06-16 | $45,138 | $45,138 | $45,138 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$200,396 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$12,197 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $0 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $0 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.000000 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $140,805 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $3,161,034 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.044544 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $125,195 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,864,231 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.043710 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $113,887 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,571,189 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.044294 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $118,832 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,548,272 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.046632 | DistributionYr5Rt |
| Total Distribution | 0.179180 | TotalDistributionRt |
| Average Distribution | 0.035836 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,352,127 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $120,127 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $858 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $120,985 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $159,390 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $858 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $858 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $858 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,724 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $3,724 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,866 | OverpaymentAmt |
| Applied To ES Tax | $880 | AppliedToESTaxAmt |
| Refund | $1,986 | 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 | NY | 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 |
| Individual With Books | MICHELLE LECLAIR | IndividualWithBooksNm |
| Phone | 5184654747 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 CORP WOODS BLVD SUITE 600 | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12211 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Exempt Interest | $0 | TaxExemptInterestAmt |
| 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 |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL B PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| MARGARET L PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | TREASURER | 1.00 | $0 | $0 | $0 |
| NICOLE L PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOSEPH M PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MICHELLE H PICOTTE | ||||||||
| 220 SANFORD AVE | PALM BEACH | FL | 33480 | DIRECTOR | 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 | $3,101,443 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $301,732 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,403,175 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,403,175 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $51,048 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,352,127 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $167,606 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $167,606 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $858 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $858 | TotalTaxAmt |
| Distributable Before Adj | $166,748 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $166,748 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $166,748 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $159,390 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $159,390 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $858 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $158,532 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $166,748 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $157,526 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $159,390 | QualifyingDistributionsAmt |
| Applied To Year1 | $157,526 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,864 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $164,884 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL B PICOTTE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| THE ALBANY ACADEMIES | |||||
| 135 ACADEMY ROAD | ALBANY | NY | 12208 | ANNUAL FUND GIFT FOR THE CAROLINE MASON SOCIETY | $10,000 |
| ALBANY INSTITUTE OF HISTORY & ART | |||||
| 125 WASHINGTON AVENUE | ALBANY | NY | 12210 | 2016 GIFT IN SUPPORT OF THE "CAPTURED MOMENTS" EXHIBITION | $2,000 |
| THE AUGUSTINIAN DEVELOPMENT FUND | |||||
| 214 ASHWOOD ROAD | VILLANOVA | PA | 19085 | 2016 GIFT FOR THE AUGUSTINIAN DEVELOPMENT FUND | $25,000 |
| THE AUGUSTINIAN DEVELOPMENT FUND | |||||
| 214 ASHWOOD ROAD | VILLANOVA | PA | 19085 | TAX-DEDUCTIBLE PORTION FOR THE AUGUSTINIAN DINNER | $8,000 |
| THE BERKSHIRE SCHOOL | |||||
| 245 N UNDERMOUNTAIN ROAD | SHEFFIELD | MA | 01257 | 2016 GIFT TO THE ANNUAL FUND | $2,000 |
| CAPE ELEUTHERA FOUNDATION | |||||
| 745 ATLANTIC AVENUE / 8TH FLOOR | BOSTON | MA | 02111 | 2016 GIFT ON BEHALF OF MIMI | $5,000 |
| COMMUNITY FOUNDATION FOR PALM BEACH AND MARTIN COUNTIES | |||||
| 700 SOUTH DIXIE HIGHWAY /SUITE 200 | WEST PALM BEACH | FL | 33401 | 2016 CONTRIBUTION TO THE MORSE HILL FOUNDATION DONOR ADVISED FUND | $8,513 |
| CURE FA FOUNDATION | |||||
| 211 STUYVESANT AVENUE | RYE | NY | 10580 | 2016 CONTRIBUTION IN SUPPORT OF RESEARCH TO CURE FRIEDRICH'S ATAXIA | $5,000 |
| DANA HALL SCHOOL | |||||
| 45 DANA ROAD / PO BOX 9010 | WELLESLEY | MA | 02482 | 2016 GIFT TO THE SCHOOL | $5,000 |
| FOOD PANTRIES FOR THE CAPITAL DISTRICT INC | |||||
| 32 ESSEX STREET | ALBANY | NY | 12206 | 2016 GIFT IN SUPPORT OF THE FOOD PANTRY DELIVERY SERVICES | $10,000 |
| PEGGY ADAMS ANIMAL RESCUE LEAGUE | |||||
| 3100/3200 N MILITARY TRAIL | WEST PALM BEACH | FL | 33409 | 2016 DONATION TOWARDS THE CHRISTMAS BALL | $2,500 |
| SISTERS OF MERCY | |||||
| 15 HIGHLAND VIEW ROAD | CUMBERLAND | RI | 02864 | 2016 GIFT FOR THE RETIREMENT FUND | $10,000 |
| ST EDWARD CHURCH | |||||
| 144 NORTH COUNTRY ROAD | PALM BEACH | FL | 33480 | 2016 GIFT TO THE CHURCH | $10,000 |
| CHRIST OUR SAVIOR PARISH CHARITABLE CHURCH | |||||
| 398 BONNET STREET | MANCHESTER CENTER | VT | 05255 | 2016 GIFT TO THE CHURCH | $10,000 |
| TOWN OF PALM BEACH UNITED WAY | |||||
| 44 COCONUT ROW / M201 | PALM BEACH | FL | 33480 | 2016 GIFT IN SUPPORT OF THE TOCQUEVILLE SOCIETY | $10,000 |
| UNITED CHURCH OF DORSET AND EAST RUPERT | |||||
| 143 CHURCH STREET | DORSET | VT | 05251 | 2016 GIFT TO THE CHURCH | $10,000 |
| VERMONT COMMUNITY FOUNDATION | |||||
| 3 COURT STREET | MIDDLEBURY | VT | 05753 | 2016 CONTRIBUTION TO THE MORSE HILL FOUNDATION VERMONT DONOR ADVISED FUND | $8,513 |
| VILLAGES OF HOPE | |||||
| 9078 ISAIAH LANE | PALM BEACH GARDENS | FL | 33418 | 2016 GIFT IN SUPPORT OF THE TRANSITIONAL INDEPENDENT LIVING PROGRAM | $6,000 |
| ROSARIAN ACADEMY | |||||
| 807 N FLAGER DRIVE | WEST PALM BEACH | FL | 33410 | 2016 GIFT FOR THE PICOTTE FAMILY FACULTY DEVELOPMENT FUND | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $157,526 | 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 | $11,644 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $78,097 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $17 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$200,396 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX REFUND | Desc |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$110,638 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$110,638 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | WEISER FEES | CategoryTxt |
| Amt | $1,100 | Amt |
| Net Investment Income | $550 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $550 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PIMCO LOW DURATION | $0 | $0 |
| PIMCO SHORT TERM FUND | $0 | $0 |
| VANGUARD SHORT TERM INV GRD | $536,425 | $528,994 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MECHANICAL TECH | $262,506 | $2,853 |
| MJP SMALL CAP FUND | $201,783 | $282,149 |
| MJP LARGE CAP FUND | $34,087 | $173,371 |
| MJP INTERNATIONAL FUND | $59,006 | $68,015 |
| EDGEWOOD LC GROWTH | $403,597 | $722,589 |
| JENSEN LC GROWTH | $658,017 | $861,104 |
| LONGLEAF PARTNERS FUND | $0 | $0 |
| CVS STOCK | $5,475 | $63,128 |
| VANGUARD DIVIDEND GROWTH | $509,330 | $546,820 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED DEPRECIATION | Desc |
| Amt | $3,171 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| K-1 EXPENSES | $2,251 | $2,251 | $0 | $0 |
| LAW JOURNAL | $150 | $0 | $0 | $150 |
| CHARITIES BUREAU | $250 | $0 | $0 | $250 |
| FIDUCIARY FEE | $1,818 | $909 | $0 | $909 |
| FIDUCIARY UNITIZATION | $10 | $5 | $0 | $5 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INV INCOME | Desc |
| Revenue And Expenses Per Books | $17 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $17 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAX | $243 | $243 | $0 | $0 |
| CURRENT YEAR ESTIMATES | $2,542 | $0 | $0 | $0 |
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