TWO RED ROSES FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
TWO RED ROSES FOUNDATION INC (EIN 33-1093993)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-22
IRS object ID
201602049349100405
Schema version
2015v2.1
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)
Return2016-07-22T11:18:17-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN462018155PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Tax Advisory Services LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17805 SW 6th CourtAddressLine1Txt
CityPlantationCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33324ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331093993EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TWO RED ROSES FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTWORBusinessNameControlTxt
Phone7279439900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14190 CORPORATE COURTAddressLine1Txt
CityPALM HARBORCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34683ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROLDOFO CICCARELLOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7279439900PhoneNum
Signature2016-07-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSharon E Picolo CPAPreparerPersonNm
PTINP00026186PTIN
Phone9545305333PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$65,409,896FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$13,131,931ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$226,154DividendsRevAndExpnssAmt
Dividends Net Invst Incm$132,999DividendsNetInvstIncmAmt
Dividends Adj Net Incm$226,154DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,801,300NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$38,375,854GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,283,277CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$2,283,277NetSTCapitalGainAdjNetIncmAmt
Gross Sales Less Ret And Allwnc$17,452GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$60,061CostOfGoodsSoldAmt
Gross Profit Rev And Expnss-$42,609GrossProfitRevAndExpnssAmt
Gross Profit Adj Net Incm-$42,609GrossProfitAdjNetIncmAmt
Total Rev And Expnss$15,116,776TotalRevAndExpnssAmt
Total Net Invst Incm$2,416,276TotalNetInvstIncmAmt
Total Adj Net Incm$2,466,822TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$4,996LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$4,996LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$7,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$7,500AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$2,840OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$2,840OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$529InterestRevAndExpnssAmt
Interest Net Invst Incm$0InterestNetInvstIncmAmt
Interest Adj Net Incm$0InterestAdjNetIncmAmt
Interest Dsbrs Chrtbl$529InterestDsbrsChrtblAmt
Taxes Rev And Expnss$12,787TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$12,787TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$23,321DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$0DeprecAndDpltnAdjNetIncmAmt
Occupancy Rev And Expnss$87,783OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm$0OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl$87,783OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$13,206TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$13,206TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss$203PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$0PrintingAndPubNetInvstIncmAmt
Printing And Pub Adj Net Incm$0PrintingAndPubAdjNetIncmAmt
Printing And Pub Dsbrs Chrtbl$203PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$63,339OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$63,339OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$216,504TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$193,183TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$216,504TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$193,183TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$14,900,272ExcessRevenueOverExpensesAmt
Net Investment Income$2,416,276NetInvestmentIncomeAmt
Adjusted Net Income$2,466,822AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,545,746SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,625,864SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,625,897SavAndTempCashInvstEOYFMVAmt
Inventories BOY$208,550InventoriesBOYAmt
Inventories EOY$206,178InventoriesEOYAmt
Inventories EOYFMV$206,178InventoriesEOYFMVAmt
US Government Obligations BOY$2,066,076USGovernmentObligationsBOYAmt
US Government Obligations EOY$2,066,132USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$2,297,946USGovtObligationsEOYFMVAmt
Corporate Stock BOY$3,184,574CorporateStockBOYAmt
Corporate Stock EOY$9,871,408CorporateStockEOYAmt
Corporate Stock EOYFMV$9,027,701CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$931,251LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$213,100LandBldgEquipAccumDeprecAmt
Land BOY$629,102LandBOYAmt
Land EOY$718,151LandEOYAmt
Land EOYFMV$718,151LandEOYFMVAmt
Other Assets BOY$42,594,916OtherAssetsBOYAmt
Other Assets EOY$44,641,503OtherAssetsEOYAmt
Other Assets EOYFMV$44,534,023OtherAssetsEOYFMVAmt
Total Assets BOY$51,228,964TotalAssetsBOYAmt
Total Assets EOY$66,129,236TotalAssetsEOYAmt
Total Assets EOYFMV$65,409,896TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$51,228,964RetainedEarningBOYAmt
Retained Earning EOY$66,129,236RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$51,228,964TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$66,129,236TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$51,228,964TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$66,129,236TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$51,228,964TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$14,900,272ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$66,129,236SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$66,129,236TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
400,000 AK STL HLDG CORP2014-12-012015-04-28$2,113,616$1,952,021$161,595$161,595
1756 ALABAMA POWER CO PFD2014-12-152015-12-08$47,510$47,773-$263-$263
600,000 CITIGROUP INC COM2015-09-012015-10-15$33,984,892$31,974,115$2,010,777$2,010,777
20000 PORTLAND GEN ELEC CO2014-12-152015-10-02$730,777$708,619$22,158$22,158
20000 WESTAR ENERGY INC2014-12-152015-10-02$755,176$741,041$14,135$14,135
20000 XCEL ENERGY INC2014-12-152015-10-22$743,883$669,008$74,875$74,875
FieldValueIRS element (for citing)
Capital Gain Net Income$2,283,277CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,283,277NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$11,748,194AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$11,762,008NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.998826DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,540,957AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$17,498,289NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.145212DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,595,747AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$15,928,875NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.162959DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,221,253AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$20,262,666NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.060271DistributionYr4Rt
Adjusted Qlfy Distri Yr5$7,221,716AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$21,005,839NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.343796DistributionYr5Rt
Total Distribution1.711064TotalDistributionRt
Average Distribution0.342213AverageDistributionRt
Net Vl Noncharitable Assets$15,756,926NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$5,392,225AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$24,163NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$5,416,388AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,239,770QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$48,326InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$48,326SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$48,326TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,839EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$60,000AppliedToEsTaxAmt
Total Payments And Credits$66,839TotalPaymentsAndCreditsAmt
Overpayment$18,513OverpaymentAmt
Applied To ES Tax$18,513AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (1)PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressWWW.TWOREDROSES.COMWebsiteAddressTxt
Individual With BooksRODOLFO CICCARELLOIndividualWithBooksNm
Phone7279439900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14190 CORPORATE COURTAddressLine1Txt
CityPALM HARBORCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34683ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RODOLFO CICCARELLO
1650 EAST LAKE DRIVETARPON SPRINGSFL34688PRESIDENT20.00$0$0$0
JEFFREY SICILIO
4190 CORPORATE COURTPALM HARBORFL34683DIRECTOR-CIS6.00$0$0$0
TOM MAGOULIS
4190 CORPORATE COURTPALM HARBORFL34683EXECUTIVE5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NUMEROUS MEETINGS AND TRIPS REGARDING SITE CONSTRUCTION FOR THE PLANNED MUSEUM.Description1Txt
Expenses1$13,206Expenses1Amt
Description2RESTORATION WORK ON PIECES HELD IN COLLECTION FOR FUTURE MUSEUM DISPLAYDescription2Txt
Expenses2$14,524Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$10,400,764AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,596,115AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$15,996,879TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$15,996,879AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$239,953CashDeemedCharitableAmt
Net Vl Noncharitable Assets$15,756,926NetVlNoncharitableAssetsAmt
Minimum Investment Return$787,846MinimumInvestmentReturnAmt

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$193,183ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$2,046,587CharitableAssetsAcquisPaidAmt
Qualifying Distributions$2,239,770QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,239,770AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$6,222,526ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$2,595,747ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,540,957ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$11,359,230TotalExcessDistributionCyovAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$0AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$11,359,230TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$6,222,526ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,136,704ExcessDistriCyovToNextYrAmt
Excess From Year3$2,595,747ExcessFromYear3Amt
Excess From Year2$2,540,957ExcessFromYear2Amt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2005-07-11PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$787,846CurrentYearAmt
Year1$349,796Year1Amt
Year2$874,914Year2Amt
Year3$452,569Year3Amt
Total$2,465,125TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$669,669CurrentYearAmt
Year1$297,327Year1Amt
Year2$743,677Year2Amt
Year3$384,684Year3Amt
Total$2,095,356TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$2,239,770CurrentYearAmt
Year1$11,751,286Year1Amt
Year2$2,540,957Year2Amt
Year3$2,595,747Year3Amt
Total$19,127,760TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$2,239,770CurrentYearAmt
Year1$11,751,286Year1Amt
Year2$2,540,957Year2Amt
Year3$2,595,747Year3Amt
Total$19,127,760TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$65,409,896CurrentYearAmt
Year1$52,356,089Year1Amt
Year2$63,507,047Year2Amt
Year3$55,014,708Year3Amt
Total$236,287,740TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Current Year$45,458,253CurrentYearAmt
Year1$44,183,466Year1Amt
Year2$41,100,605Year2Amt
Year3$37,740,135Year3Amt
Total$168,482,459TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Current Year$13,120,000CurrentYearAmt
Year1$570,000Year1Amt
Year2$54,000Year2Amt
Year3$1,959,929Year3Amt
Total$15,703,929TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Current Year$13,120,000CurrentYearAmt
Year1$570,000Year1Amt
Year2$54,000Year2Amt
Year3$0Year3Amt
Total$13,744,000TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Current Year$2,416,276CurrentYearAmt
Year1$309,159Year1Amt
Year2$3,444,797Year2Amt
Year3$5,281,719Year3Amt
Total$11,451,951TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRODOLFO CICCARELLOContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTWO RED ROSES FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14190 CORPORATE COURTAddressLine1Txt
CityPALM HARBORCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34683ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7279439900RecipientPhoneNum
Recipient Email AddressEMAIL@TWOREDROSES.COMRecipientEmailAddressTxt
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$226,154ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,801,300ExclusionAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$42,609RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$2,027,454ExclusionAmt
Related Or Exempt Function Incm-$42,609RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,984,845TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number10LineNumberTxt
Relationship StatementSALES OF ART BOOKS ABOUT THE FOUNDATION'S COLLECTION SERVE THE EXEMPT PURPOSE BY PROVIDING EDUCATION OF THE ARTS. BOOKS ARE SOLD FOR. A NOMINAL AMOUNT COMPARED TO THEIR PRINTING AND PUBLICATION COSTS IN ORDER TO BE AFFORDABLE TO THOSE LESS ABLE TO HAVE ACCESS TO THE EDUCATIONAL INFORMATION.RelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonRODOLFO CICCARELLOContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11650 EAST LAKE DRIVEAddressLine1Txt
CityTARPON SPRINGSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34688ZIPCd
FieldValueIRS element (for citing)
Total Contributions$13,131,931TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property250,000 SHARES CITIGROUP, INC COMMON STOCKNoncashPropertyDesc
Fair Market Value$13,120,000FairMarketValueAmt
Received2015-04-21ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$7,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$7,500DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (7 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
BUILDING 3 1091 PROGRESS CT2006-12-01$219,580$45,275SL39.000000000000$5,630$0$0
BUILDING 4 4190 CORPORATE CT2006-12-01$563,842$116,259SL39.000000000000$14,457$0$0
GALLERY DISPLAY2007-09-01$26,419$26,419200DB7.000000000000$0$0$0
HURRICANE SHUTTERS2007-02-01$9,040$1,826SL39.000000000000$232$0$0
MURAL2015-07-01$108,657SL39.000000000000$1,393$0$0
OFFICE FURNITURE2015-08-25$2,808200DB7.000000000000$1,605$0$0
STAINED GLASS WINDOW2015-10-26$905SL39.000000000000$4$0$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AK STL HLDG CORP$2,360,587$1,568,000
ALABAMA POWER PFD$136,244$143,001
DUKE ENERGY HOLDINGS$2,259,594$2,141,700
CITIGROUP INC$5,114,983$5,175,000

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$0USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$2,066,132StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$2,297,946StateLocalSecEOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (7 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
BUILDING 3 1091 PROGRESS CT$219,580$50,905$168,675
BUILDING 4 4190 CORPORATE CT$563,842$130,716$433,126
GALLERY DISPLAY$26,419$26,419$0
HURRICANE SHUTTERS$9,040$2,058$6,982
MURAL$108,657$1,393$107,264
OFFICE FURNITURE$2,808$1,605$1,203
STAINED GLASS WINDOW$905$4$901

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$4,996LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,996DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (5 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ART COLLECTION$42,061,884$44,051,478$44,051,478
LIBRARY COLLECTION$402,715$403,425$403,425
DEPOSITS$11,772$11,772$11,772
MANUSCRIPTS IN PROGRESS$55,545$111,828$4,348
ANTIQUE CARS$63,000$63,000$63,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
LICENSE & REGISTRATION$96$0$0$96
POSTAGE & FREIGHT$14,345$0$0$14,345
SUPPLIES$4,850$0$0$4,850
TELEPHONE & COMPUTER$9,552$0$0$9,552
RESTORATION$14,524$0$0$14,524
BANK FEES$367$0$0$367
ADVERTISING$7,411$0$0$7,411
OTHER BUSINESS EXPENSES$7,510$0$0$7,510
AUTO EXPENSE$527$0$0$527
INSURANCE$2,780$0$0$2,780
MEMBERSHIP & SUBSCRIPTIONS$1,377$0$0$1,377

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryOTHER PROFESSIONAL FEESCategoryTxt
Amt$2,840Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,840DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryOTHER TAXESCategoryTxt
Amt$12,787Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$12,787DisbursementsCharitablePrpsAmt

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