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FISHERS ISLAND RECREATIONAL PATH FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FISHERS ISLAND RECREATIONAL PATH FOUNDATION (EIN 11-3588899)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-06-14
IRS object ID
201601669349100120
Schema version
2015v2.0
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)
Return2016-06-14T12:53:56-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Aldrich Mulcahy & Associates LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1567 Vauxhall St Ext Ste 330AddressLine1Txt
CityWaterfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06385ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113588899EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FISHERS ISLAND RECREATIONAL PATHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFISHBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 619AddressLine1Txt
CityFISHERS ISLANDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP06390ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDIXON HARVEYPersonNm
Person TitleDirectorPersonTitleTxt
Signature2016-06-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBETH A STEPSKIPreparerPersonNm
PTINP00291145PTIN
Phone8604431040PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,068,614FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$59,569ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,700InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,700InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5,700InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$65,269TotalRevAndExpnssAmt
Total Net Invst Incm$5,700TotalNetInvstIncmAmt
Total Adj Net Incm$5,700TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$389TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$321,313DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$33,923OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$357,225TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$357,225TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$291,956ExcessRevenueOverExpensesAmt
Net Investment Income$5,700NetInvestmentIncomeAmt
Adjusted Net Income$5,700AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$60,266SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$59,384SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$59,384SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$227,498OtherInvestmentsBOYAmt
Other Investments EOY$244,493OtherInvestmentsEOYAmt
Other Investments EOYFMV$237,112OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$4,772,118LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,429,879LandBldgEquipAccumDeprecAmt
Land BOY$3,650,844LandBOYAmt
Land EOY$3,342,239LandEOYAmt
Land EOYFMV$4,772,118LandEOYFMVAmt
Total Assets BOY$3,938,608TotalAssetsBOYAmt
Total Assets EOY$3,646,116TotalAssetsEOYAmt
Total Assets EOYFMV$5,068,614TotalAssetsEOYFMVAmt
Other Liabilities BOY$89OtherLiabilitiesBOYAmt
Other Liabilities EOY$114OtherLiabilitiesEOYAmt
Total Liabilities BOY$89TotalLiabilitiesBOYAmt
Total Liabilities EOY$114TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$3,938,519UnrestrictedBOYAmt
Unrestricted EOY$3,646,002UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$3,938,519TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,646,002TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,938,608TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,646,116TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,938,519TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$291,956ExcessRevenueOverExpensesAmt
Subtotal$3,646,563SubtotalAmt
Other Decreases$561OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,646,002TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$114InvestmentIncomeExciseTaxAmt
Subtotal$114SubtotalAmt
Tax Based On Investment Income$114TaxBasedOnInvestmentIncomeAmt
Tax Due$114TaxDueAmt

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
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
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 Line1YARITZA GELLOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8609414585PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 619AddressLine1Txt
CityFISHERS ISLANDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP06390ZIPCd
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 (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JOE BROOK
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
DIXON HARVEY
PO BOX 619FISHERS ISLANDNY06390Treasurer1.00$0
PAUL VARTANIAN
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
BRUCE HUBERT
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
WILLIAM RIDGWAY
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
JOHN MCGILLIAN
PO BOX 619FISHERS ISLANDNY06390President2.00$0
KEVIN COLEMAN
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
PHILLIP WEYMOUTH
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
RICHARD MILLER
PO BOX 619FISHERS ISLANDNY06390Vice President2.00$0
JOHN BLONDEL
PO BOX 619FISHERS ISLANDNY06390Director1.00$0
CARTER SEDNAOUI
PO BOX 619FISHERS ISLANDNY06390Treasurer1.00$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)
Description1RECREATIONAL PATH CONSTRUCTION AND MAINTENANCEDescription1Txt
Expenses1$357,312Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$233,243AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,787AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$300,030TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$300,030AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,500CashDeemedCharitableAmt
Net Vl Noncharitable Assets$295,530NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,777MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2002-05-09PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$5,700CurrentYearAmt
Year1$4,409Year1Amt
Year2$46Year2Amt
Year3$199Year3Amt
Total$10,354TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$4,845CurrentYearAmt
Year1$3,748Year1Amt
Year2$39Year2Amt
Year3$169Year3Amt
Total$8,801TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Current Year$59,569CurrentYearAmt
Year1$67,662Year1Amt
Year2$325,283Year2Amt
Year3$614,336Year3Amt
Total$1,066,850TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Current Year$59,569CurrentYearAmt
Year1$67,662Year1Amt
Year2$325,283Year2Amt
Year3$614,336Year3Amt
Total$1,066,850TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Current Year$5,700CurrentYearAmt
Year1$4,387Year1Amt
Year2$908Year2Amt
Year3$351,535Year3Amt
Total$362,530TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,700ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,700ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,700TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
FAIRFIELD FOUNDATION
1ONE BATTERY PARK PLAZANEW YORKNY10004$5,000Yes (X)
FISHERS ISLAND CONSERVANCY
2PO BOX 553FISHERS ISLANDNY06390$5,000Yes (X)
MARGARET WS SPOFFORD FOUNDATION
331 EAST 72ND STREETNEW YORKNY10021$20,000Yes (X)
LUCIOUS L FOWLER
4169 KELLEY ROADLANGDONNH03602$5,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BOOKKEEPING FEES$800$0$0$0
TAX PREP FEES$800$0$0$0

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (20 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
ENGINEERING & STUDIES2002-01-01$61,393$20,469SL0.0667$4,095
LAND SURVEYS2010-01-01$36,092$12,032SL0.0667$2,407
LAND SURVEYS2010-01-01$29,685$9,897SL0.0667$1,980
LAND SURVEYS2010-01-01$232,325$77,456SL0.0667$15,496
ARCHITECTURAL & ENGINEERI2010-01-01$196,584$65,542SL0.0667$13,112
BIKE PATH2010-12-31$2,732,061$728,730SL0.0667$182,228
LEGAL FEES- EASEMENT2010-12-31$11,828$3,156SL0.0667$789
IMPROV.- PILES & FRAMING2011-07-25$223,000$50,809SL0.0667$14,874
LAND SURVEY & DESIGN2011-11-16$34,650$7,125SL0.0667$2,311
BIKE PATH IMPROVEMENTS2011-08-01$12,863$2,931SL0.0667$858
LAND SURVEY & DESIGN 20122012-08-13$40,235$6,486SL0.0667$2,684
BIKE PATH IMPROVEMENTS2012-12-27$170,000$22,678SL0.0667$11,339
LAND SURVEY & DESIGN 20132013-08-08$7,201$720SL0.0667$480
BIKE PATH IMPROVEMENTS2013-09-20$952,933$95,294SL0.0667$63,561
BENCHES2013-07-20$1,553$466SL0.2000$311
ROOT CUTTER2013-10-10$15,700$4,710SL0.2000$3,140
BIKE2014-12-11$1,307$65200DB0.3800$497
TURBINE2015-03-27$5,814SL0.1750$1,017
TRAILER2015-09-24$1,145SL0.0750$86
LAND SURVEY & DESIGN 20152015-12-13$5,749SL0.0083$48

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
1117 SH. VANGUARD TOTAL BOND MARKETAT COST$97,939$96,750
2263 VANGUARD TTL WORLD STOCK INDEXAT COST$146,554$140,362

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Machinery and Equipment$23,966$9,515$14,451$23,966
Improvements$4,748,152$1,420,364$3,327,788$4,748,152

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
INSURANCE$9,021
MAINTENANCE$24,211
MISCELLANEOUS$444
POSTAGE$72
SMALL EQUIPMENT$175

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
EXCISE TAXES PAYABLE$88$114
Rounding$1

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$389Amt

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