PETTERS FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- PETTERS FAMILY FOUNDATION (EIN 45-2323642)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-05-13
- IRS object ID
- 201611349349102211
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-13T13:12:10-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540737372 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PBMARES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 TOWN CENTER DRIVE SUITE 900 | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452323642 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETTERS FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PETT | BusinessNameControlTxt |
| Phone | 7576243175 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 206 HILTON TERRACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | C MICHAEL PETTERS | PersonNm |
| Person Title | SECRETARY/TREASURER | PersonTitleTxt |
| Phone | 7576243175 | PhoneNum |
| Signature | 2016-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL S HAIGH | PreparerPersonNm |
| PTIN | P00057578 | PTIN |
| Phone | 7578731587 | PhoneNum |
| Preparation | 2016-05-11 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $18,722,243 | 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 | $7,687,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $330,975 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $330,975 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $86,866 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $634,775 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $86,866 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $8,104,841 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $417,841 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $120,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $60,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $60,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $685 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $343 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $342 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,575 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,575 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $31,556 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,730 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $12 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $62,477 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $51,715 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $225,868 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $124,363 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $65,929 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $552,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $552,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $777,868 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $124,363 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $617,929 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,326,973 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $293,478 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,007,397 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $444,583 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $444,583 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,508 | AcctRcvblAmt |
| Acct Rcvbl BOY | $2,215 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,508 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,508 | AcctRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $160 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $160 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $160 | RcvblFromOfficersEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,687,000 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,611,000 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $11,344,192 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $11,547,686 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $10,664,992 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $12,353,964 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,680,937 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $18,722,243 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $12,353,964 | UnrestrictedBOYAmt |
| Unrestricted EOY | $19,680,937 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,353,964 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,680,937 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $12,353,964 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,680,937 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,353,964 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,326,973 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $19,680,937 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,680,937 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PUBLICALLY TRADED SECURITIES | $498,081 | $547,909 | -$49,828 | -$49,828 | |||
| RIDGEWOOD ENERGY U FUND | $8,839 | $8,839 | $8,839 | D | 2012-02-16 | 2015-12-31 | |
| RIDGEWOOD ENERGY A-1 FUND | $1,752 | $1,752 | $1,752 | D | 2012-02-16 | 2015-12-31 | |
| CAPITAL GAINS DIVIDENDS | $126,103 | $126,103 | $126,103 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $86,866 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $284,825 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $7,880,993 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.036141 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $82,403 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,805,078 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.029376 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $39,263 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,361,036 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.028848 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $50,000 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $993,781 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.050313 | DistributionYr4Rt |
| Total Distribution | 0.144678 | TotalDistributionRt |
| Average Distribution | 0.036170 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $11,673,005 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $422,213 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,935 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $425,148 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $617,929 | 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 | $2,935 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,935 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,935 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,280 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $13,280 | TotalPaymentsAndCreditsAmt |
| Overpayment | $10,345 | OverpaymentAmt |
| Applied To ES Tax | $10,345 | AppliedToESTaxAmt |
| Refund | $0 | 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 | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | C MICHAEL PETTERS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7576243175 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 206 HILTON TERRACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23601 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| C MICHAEL PETTERS | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | SECRETARY/TREASURER | 4.00 | $0 | $0 | $0 |
| NANCY B PETTERS | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| SARAH FLETCHER | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | VICE PRESIDENT | 1.00 | $60,000 | $0 | $0 |
| CAROLINE G PETTERS | ||||||||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 | VICE PRESIDENT | 1.00 | $60,000 | $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 | $11,293,284 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $557,483 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,850,767 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,850,767 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $177,762 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,673,005 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $583,650 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $583,650 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,935 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,935 | TotalTaxAmt |
| Distributable Before Adj | $580,715 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $580,715 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $580,715 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $617,929 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $617,929 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $2,935 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $614,994 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $580,715 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $130,585 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $617,929 | QualifyingDistributionsAmt |
| Applied To Year1 | $130,585 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $487,344 | 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 | $93,371 | 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 | NANCY B PETTERS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| COLLEGE OF WILLIAM AND MARY FOUNDATION | |||||||
| PO BOX 1693 | WILLIAMSBURG | VA | 23187 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT | $125,000 |
| VA LIVING MUSEUM | |||||||
| 524 J CLYDE MORRIS BLVD | NEWPORT NEWS | VA | 23601 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT | $50,000 |
| DOWNTOWN HAMPTON CHILD DEVELOPMENT CENTER | |||||||
| 1306 THOMAS STREET | HAMPTON | VA | 23669 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT | $25,000 |
| HILTON PRESBYTERIAN CHURCH | |||||||
| 34 MAIN STREET | NEWPORT NEWS | VA | 23601 | NONE | 501 (C)(3) ORGANIZAT | HILTON PRESBYTERIAN PRESCHOOL MINISTRY | $2,000 |
| SAINT LEO UNIVERSITY | |||||||
| 33701 STATE ROAD 52 | SAINT LEO | FL | 33574 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT | $50,000 |
| US NAVAL ACADEMY FOUNDATION | |||||||
| 291 WOOD ROAD BEACH HALL | ANNAPOLIS | MD | 21402 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT | $200,000 |
| AN ACHIEVABLE DREAM | |||||||
| 10858 WARWICK BLVD STE A | NEWPORT NEWS | VA | 23601 | NONE | 501 (C)(3) ORGANIZAT | GENERAL SUPPORT | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $552,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $330,975 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Exclusion | 18 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $86,866 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $417,841 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $417,841 | 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 | CLEMENT M PETTERS | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 206 HILTON TERRACE | AddressLine1Txt |
| City | NEWPORT NEWS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $7,687,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 60,000 SH HUNTINGTON INGALLS INDUSTRIES, INC. | NoncashPropertyDesc |
| Fair Market Value | $7,687,000 | FairMarketValueAmt |
| Received | 2015-12-07 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $11,150 | Amt |
| Net Investment Income | $5,575 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,575 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | HUNTINGTON INGALLS | StockNm |
| EOY Book Value | $7,687,000 | EOYBookValueAmt |
| EOYFMV | $7,611,000 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (38 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AMERN REALTY CAP PPTYS | AT COST | $365,917 | $86,859 |
| BLACKROCK GLBL LONG | AT COST | $500,000 | $449,194 |
| COLUMBIA PPTY TR INC | AT COST | $102,375 | $79,057 |
| DODGE & COX INTERNATIONAL STOCK FUND | AT COST | $1,534,263 | $1,301,336 |
| DOUBLELINE TOTAL RETURN BOND FUND | AT COST | $504,975 | $493,632 |
| EQUINOX MUTUALHEDGE FRONTIER LEGEN | AT COST | $430,161 | $367,289 |
| FAIRHOLME FUND | AT COST | $0 | $0 |
| FIDELITY FLOATING RATE FUND | AT COST | $300,000 | $278,321 |
| FIDELITY HIGH INCOME FUND | AT COST | $150,000 | $132,309 |
| HARBOR COMMODITY REAL RETURN | AT COST | $150,000 | $76,350 |
| ISHARES MSCI ETF | AT COST | $510,649 | $518,960 |
| ISHARES MSCI ETF | AT COST | $201,153 | $165,444 |
| ISHARES TR INTL | AT COST | $75,084 | $66,492 |
| MAINSTAY MARKETFIELD FUND | AT COST | $500,012 | $432,039 |
| PIMCO EMERGING LOCAL BOND FUND | AT COST | $0 | $0 |
| POWERSHARES S&P ETF | AT COST | $1,014,336 | $1,257,613 |
| SCH ST US TRSR ETF | AT COST | $0 | $0 |
| SPDR GOLD TRUST | AT COST | $59,805 | $45,454 |
| SPDR S&P INTERNATIONAL | AT COST | $14,692 | $16,966 |
| SWAN DEFINED RISK EMERGING MKTS FUND | AT COST | $250,000 | $241,963 |
| TEMPLETON GLOBAL BOND FUND | AT COST | $1,008,641 | $883,030 |
| TFS HEDGED FUTURES FUND | AT COST | $0 | $0 |
| TFS MARKET NEUTRAL FUND | AT COST | $215,000 | $199,294 |
| VANGUARD FTSE EMERGING | AT COST | $244,493 | $198,681 |
| VANGUARD INTERIM TERM | AT COST | $0 | $0 |
| VANGUARD INTERNATIONAL EQUITY ETF GLOBAL | AT COST | $258,778 | $232,556 |
| VANGUARD REIT | AT COST | $197,517 | $218,939 |
| VANGUARD SHORT TERM TRSY | AT COST | $500,000 | $497,164 |
| VANGUARD SMALL CAP | AT COST | $69,598 | $85,082 |
| VANGUARD TOTAL STOCK MARKET | AT COST | $1,300,000 | $1,279,615 |
| VANGUARD TOTAL STOCK MKT | AT COST | $199,055 | $268,885 |
| WISDOMTREE EMERGING MKTS | AT COST | $165,459 | $102,957 |
| YACKTMAN FOCUSED SERVICE FUND | AT COST | $420,192 | $416,590 |
| CNL LIFESTYLES PROPERTIES, INC. | AT COST | $40,663 | $27,875 |
| CORPORATE CAPITAL TRUST | AT COST | $261,374 | $197,973 |
| RIDGEWOOD ENERGY V FUND, LLC | AT COST | $3,494 | $9,320 |
| RIDGEWOOD ENERGY A-1 FUND, LLC | AT COST | $0 | $19,428 |
| RIDGEWOOD ENERGY U FUND, LLC | AT COST | $0 | $18,325 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $685 | LegalFeesAmt |
| Net Investment Income | $343 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $342 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $51,715 | $51,715 | $0 |
| RIDGEWOOD ENERGY U FUND | $8,462 | $0 | $0 |
| RIDGEWOOD ENERGY V FUND | $473 | $0 | $0 |
| RIDGEWOOD ENERGY A-1 FUND | $1,827 | $0 | $0 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| NANCY B PETTERS | |||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 |
| CLEMENT M PETTERS | |||
| 206 HILTON TERRACE | NEWPORT NEWS | VA | 23601 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $6,717 | $6,717 | $0 |
| EXCISE TAX | $24,814 | $0 | $0 |
| TAXES AND LICENSES | $25 | $13 | $12 |
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