SALVAGGIO FAMILY FOUNDATION TR 10011998: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SALVAGGIO FAMILY FOUNDATION TR 10011998 (EIN 25-6614812)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-03
- IRS object ID
- 201743079349100014
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-03T12:23:35-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 232620120 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCANNON MILLER & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 VALLEY CENTER PARKWAY STE 300 | AddressLine1Txt |
| City | BETHLEHEM | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 180172285 | 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 | 256614812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALVAGGIO FAMILY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O ANTHONY SALVAGGIO | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALV | BusinessNameControlTxt |
| Phone | 6105305000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 RIDGEVIEW DRIVE NO 300 | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NORENE L SALVAGGIO | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6105305000 | PhoneNum |
| Signature | 2017-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANTHONY R DEUTSCH CPA | PreparerPersonNm |
| PTIN | P00122679 | PTIN |
| Phone | 6104335501 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 207.106.148.210 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-01 | IPDt |
| IP Tm | 10:11:00 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 31A17B63AA6B4578A09AC98A56E42B642C4AB629 | 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 | $21,226,563 | 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 | $4,033,090 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $51,368 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $51,368 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $306,169 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $306,146 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$169,422 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,522,963 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $939,891 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $29,148 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $29,148 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,250,353 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,326,553 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,850 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,425 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,425 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $561 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $561 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $40,660 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $39,542 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $48,071 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $43,528 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,425 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $330,265 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $330,265 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $378,336 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $43,528 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $333,690 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,872,017 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,283,025 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,678,631 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,120,556 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,120,556 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $12,846,331 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,276,423 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $19,106,007 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $15,524,962 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,396,979 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,226,563 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | 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 | $15,524,962 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,396,979 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,524,962 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,396,979 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,524,962 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,396,979 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,524,962 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,872,017 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $19,396,979 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,396,979 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| WELLS FARGO - SALE OF PUBLICLY HELD SECURITIES | $93,583 | $386,776 | -$293,193 | -$293,193 | |
| WELLS FARGO - SALE OF PUBLICLY HELD SECURITIES | $375,714 | $371,459 | $4,255 | $4,255 | |
| WELLS FARGO - SALE OF PUBLICLY HELD SECURITIES | $308,822 | $407,772 | -$98,950 | -$98,950 | |
| JANNEY - SALE OF PUBLICLY TRADED SECURITIES | $473,445 | $514,310 | -$40,865 | -$40,865 | |
| JANNEY - SALE OF PUBLICLY TRADED SECURITIES | $395,698 | $347,280 | $48,418 | $48,418 | |
| JANNEY - SALE OF PUBLICLY TRADED SECURITIES | $3,668,721 | $2,409,467 | $1,259,254 | $1,259,254 | |
| JANNEY - SALE OF PUBLICLY TRADED SECURITIES | $662,823 | $195,465 | $467,358 | $467,358 | |
| JANNEY - SALE OF PUBLICLY TRADED SECURITIES | $228,118 | $257,942 | -$29,824 | -$29,824 | |
| JANNEY - SALE OF PUBLICLY TRADED SECURITIES | $64,699 | $71,739 | -$7,040 | -$7,040 | |
| SCHWAB - SALE OF PUBLICLY TRADED SECURITIES | $493,909 | $553,738 | -$59,829 | -$59,829 | |
| SCHWAB - SALE OF PUBLICLY TRADED SECURITIES | $1,481,978 | $1,822,532 | -$340,554 | -$340,554 | |
| SCHWAB - SALE OF PUBLICLY TRADED SECURITIES | $244,010 | $244,592 | -$582 | -$582 | |
| CAPITAL GAINS DIVIDENDS | $31,443 | $31,443 | $31,443 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $939,891 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $546,931 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $16,197,514 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.033766 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $273,709 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,933,970 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.027553 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $563,058 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,497,418 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.066262 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,776,303 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,463,662 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.209874 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $772,447 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $8,994,628 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.085879 | DistributionYr5Rt |
| Total Distribution | 0.423334 | TotalDistributionRt |
| Average Distribution | 0.084667 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $17,590,953 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,489,373 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $12,830 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,502,203 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $333,690 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $25,661 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $25,661 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $25,661 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $17,618 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $17,618 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Tax Due | $8,043 | 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 | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | 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 | ANTHONY J SALVAGGIO | IndividualWithBooksNm |
| Phone | 6105305000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 RIDGEVIEW DRIVE SUITE 300 | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | 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 (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 |
|---|---|---|---|---|---|---|---|---|
| ANTHONY J SALVAGGIO | ||||||||
| 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| NORENE L SALVAGGIO | ||||||||
| 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| THOMAS A SALVAGGIO | ||||||||
| 6124 HAASADAHL ROAD | OREFIELD | PA | 18069 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| CHRISTY A GHIGIARELLI | ||||||||
| 26 FITZGERALD DRIVE | MOOSIC | PA | 18507 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| SUZIE A SPINOSA | ||||||||
| 3018 BARRINGTON LANE | ALLENTOWN | PA | 18103 | TRUSTEE | 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 | $15,577,859 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,280,977 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $17,858,836 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $17,858,836 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $267,883 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $17,590,953 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $879,548 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $879,548 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $25,661 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $25,661 | TotalTaxAmt |
| Distributable Before Adj | $853,887 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $853,887 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $853,887 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $333,690 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $333,690 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $333,690 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $853,887 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $347,131 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,369,814 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $149,166 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $1,866,111 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $333,690 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $333,690 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $520,197 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $520,197 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,345,914 | 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 | $1,345,914 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,196,748 | ExcessFromYear4Amt |
| Excess From Year3 | $149,166 | ExcessFromYear3Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ANTHONY J SALVAGGIO | ContributingManagerNm |
| Contributing Manager | NORENE L SALVAGGIO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLENTOWN RESCUE MISSION | |||||||
| 355 HAMILTON ST | ALLENTOWN | PA | 18101 | N/A | PUBLIC | CHARITABLE | $10,000 |
| ALZHEIMER'S ASSOCIATION | |||||||
| 617 MAIN ST | HELLERTOWN | PA | 18055 | N/A | PUBLIC | CHARITABLE | $200 |
| ARTSQUEST | |||||||
| 25 W 3RD ST | BETHLEHEM | PA | 18015 | N/A | PUBLIC | CHARITABLE | $2,500 |
| BOYS & GIRLS CLUB OF ALLENTOWN | |||||||
| 720 N SIXTH STREET | ALLENTOWN | PA | 18102 | N/A | PUBLIC | CHARITABLE | $12,527 |
| BOYS & GIRLS CLUB OF EASTON | |||||||
| 508 CHARLES STREET | EASTON | PA | 18042 | N/A | PUBLIC | CHARITABLE | $16,000 |
| BOYS TOWN | |||||||
| 14100 CRAWFORD STREET | BOYS TOWN | NE | 68010 | N/A | PUBLIC | CHARITABLE | $1,200 |
| CAI EDUCATION ADVANCEMENT TRUST | |||||||
| 1390 RIDGEVIEW DRIVE | ALLENTOWN | PA | 18104 | N/A | PRIVATE OPERATING FO | CHARITABLE | $52,000 |
| CETRONIA AMBULANCE | |||||||
| 7355 WILLIAM AVENUE | ALLENTOWN | PA | 18106 | N/A | PUBLIC | CHARITABLE | $70 |
| COMMUNITY SERVICES FOR CHILDREN | |||||||
| 1520 HANOVER AVE | ALLENTOWN | PA | 18109 | N/A | PUBLIC | CHARITABLE | $5,000 |
| COVENANT HOUSE | |||||||
| 31 E ARMAT STREET | PHILADELPHIA | PA | 19144 | N/A | PUBLIC | CHARITABLE | $2,000 |
| EASTER SEALS OF EASTERN PA | |||||||
| 1501 LEHIGH ST | ALLENTOWN | PA | 18103 | N/A | PUBLIC | CHARITABLE | $25,000 |
| GENERATION LIFE | |||||||
| 590 SNYDER AVE | WEST CHESTER | PA | 19382 | N/A | PUBLIC | CHARITABLE | $500 |
| GOOD SHEPHERD | |||||||
| 1651 N CEDAR CREST BLVD | ALLENTOWN | PA | 18104 | N/A | PUBLIC | CHARITABLE | $1,000 |
| HALIFAX COMMUNITY SCHOOL | |||||||
| 100 COLLEGE DRIVE | WELDON | NC | 27890 | N/A | PUBLIC | CHARITABLE | $1,000 |
| HAZLETON INTEGRATION PROJECT | |||||||
| 225 E 4TH ST | HAZLETON | PA | 18201 | N/A | PUBLIC | CHARITABLE | $3,000 |
| HOLY INFANCY | |||||||
| 312 E 4TH ST | BETHLEHEM | PA | 18015 | N/A | PUBLIC | CHARITABLE | $2,947 |
| JUDICIAL WATCH | |||||||
| 425 3RD STREET SUITE 800 | WASHINGTON | DC | 20024 | N/A | PUBLIC | CHARITABLE | $500 |
| JUSTIN SHEFTEL MEMORIAL | |||||||
| 3632 OAKWOOD TRAIL | ALLENTOWN | PA | 18103 | N/A | PUBLIC | CHARITABLE | $500 |
| OFFICE OF FAMILY LIFE | |||||||
| PO BOX F | ALLENTOWN | PA | 18105 | N/A | PUBLIC | CHARITABLE | $1,000 |
| OUR LADY HELP OF CHRISTIANS | |||||||
| 444 NORTH JASPER STREET | ALLENTOWN | PA | 18109 | N/A | PUBLIC | CHARITABLE | $2,320 |
| PENN STATE UNIVERSITY | |||||||
| 308 OLD MAIN | UNIVERSITY PARK | PA | 16802 | N/A | PUBLIC | CHARITABLE | $185,000 |
| PUSH THE ROCK | |||||||
| 647 WALNUT STREET | EMMAUS | PA | 18049 | N/A | PUBLIC | CHARITABLE | $1,000 |
| SACRED HEART SCHOOL | |||||||
| 325 N 4TH ST | ALLENTOWN | PA | 18102 | N/A | PUBLIC | CHARITABLE | $1,826 |
| SISTERS OF ST FRANCIS | |||||||
| 609 CONVENT RD | ASTON | PA | 19014 | N/A | PUBLIC | CHARITABLE | $100 |
| ST THOMAS MORE SCHOOL | |||||||
| 1040 FLEXER AVE | ALLENTOWN | PA | 18103 | N/A | PUBLIC | CHARITABLE | $1,000 |
| VALLEY YOUTH HOUSE | |||||||
| 531 MAIN ST 2 | BETHLEHEM | PA | 18018 | N/A | PUBLIC | CHARITABLE | $1,000 |
| WELLNESS IN THE LEHIGH VALLEY | |||||||
| 101 COVENTRY DRIVE | PHILLIPSBURG | NJ | 08865 | N/A | PUBLIC | CHARITABLE | $25 |
| WOODLAWN FIRE DEPT | |||||||
| 1651 WHITEHALL AVENUE | ALLENTOWN | PA | 18104 | N/A | PUBLIC | CHARITABLE | $50 |
| YOUNG PEOPLE'S PHILHARMONIC OF THE LEHIGH VALLEY | |||||||
| PO BOX 1614 | BETHLEHEM | PA | 18016 | N/A | PUBLIC | CHARITABLE | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $330,265 | 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 | $51,368 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $306,169 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $29,148 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$169,422 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $217,263 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $217,263 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | ANTHONY J SALVAGGIO | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1432 CEDARWOOD ROAD | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,033,090 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 43,745 SHARES OF APPLE, INC. - COMMON STOCK | NoncashPropertyDesc |
| Fair Market Value | $4,033,090 | FairMarketValueAmt |
| Received | 2016-06-27 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $6,850 | Amt |
| Net Investment Income | $3,425 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,425 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | PUBLICLY TRADED INVESTMENTS | StockNm |
| EOY Book Value | $17,276,423 | EOYBookValueAmt |
| EOYFMV | $19,106,007 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $39,542 | $39,542 | $0 |
| MISCELLANEOUS OTHER EXPENSES | $1,118 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERS GROUP PRIVATE EQUITY LLC | $40,893 | $40,893 | $40,893 |
| CPG ACTIVIST FUND LLC | -$11,745 | -$11,745 | -$11,745 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN INCOME TAXES | CategoryTxt |
| Amt | $561 | Amt |
| Net Investment Income | $561 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |