GERONDELIS FOUNDATION INC: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- GERONDELIS FOUNDATION INC (EIN 04-6130871)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-07-25
- IRS object ID
- 201622079349100702
- 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
- Accounting Fees Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-07-25T10:02:01-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 041731650 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMAKIS & DEMAKIS CPA'S | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUE SUITE 301 | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 019011190 | 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 | 046130871 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERONDELIS FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GERO | BusinessNameControlTxt |
| Phone | 7815953311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUE RM/STE 201 | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGORY C DEMAKIS ESQ | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 7815953311 | PhoneNum |
| Signature | 2016-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TIMOTHY S DEMAKIS CPA | PreparerPersonNm |
| PTIN | P00501002 | PTIN |
| Phone | 7815926120 | PhoneNum |
| Preparation | 2016-05-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-12-15 16:53:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $27,490,293 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $864 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $864 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $864 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $29,375 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $29,375 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $29,375 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $1,610,543 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $1,610,543 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $1,610,543 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $1,610,543 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $220,867 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $993,163 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $10,518 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $10,518 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $10,518 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,872,167 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,651,300 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,651,300 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $88,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $1,825 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,825 | LegalFeesNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $17,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $17,000 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $120,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $10,000 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $110,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $519 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $519 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $1,492 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $1,492 | TravConfMeetingNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $44,250 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $40,788 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,462 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $273,086 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $71,624 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $113,462 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,212,010 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,212,010 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,485,096 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $71,624 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,325,472 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $387,071 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,579,676 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,651,300 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $865,699 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $627,997 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $627,997 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $210,216 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $185,622 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $185,622 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $47,733 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $64,976 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $64,976 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $444,381 | CorporateStockBOYAmt |
| Corporate Stock EOY | $415,135 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $388,306 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $394,070 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,140,579 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,073,392 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $3,910,000 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $3,910,000 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $3,910,000 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $25,150,000 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $5,872,099 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,344,309 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $27,490,293 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $116,733 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $116,733 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $5,872,099 | UnrestrictedBOYAmt |
| Unrestricted EOY | $6,227,576 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,872,099 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,227,576 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,872,099 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,344,309 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,872,099 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $387,071 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,259,170 | SubtotalAmt |
| Other Decreases | $31,594 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,227,576 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,183,164 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $26,747,213 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.044235 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $818,130 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $26,296,815 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.031111 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $509,129 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,264,244 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.061606 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $553,771 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,223,057 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.067344 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $537,645 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $8,175,210 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.065765 | DistributionYr5Rt |
| Total Distribution | 0.270061 | TotalDistributionRt |
| Average Distribution | 0.054012 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $27,020,234 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,459,417 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $15,797 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,475,214 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,325,472 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $31,594 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $31,594 | SubtotalAmt |
| Tax Based On Investment Income | $31,594 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $38,049 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $38,049 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $3 | EsPenaltyAmt |
| Overpayment | $6,452 | OverpaymentAmt |
| Applied To ES Tax | $6,452 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | GREGORY C DEMAKIS | IndividualWithBooksNm |
| Phone | 7815953311 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUE | AddressLine1Txt |
| Address Line2 | SUITE 201 | AddressLine2Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 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 |
|---|---|---|---|---|---|---|---|---|
| THOMAS C DEMAKIS ESQ | ||||||||
| 186 PERKINS ROW | TOPSFIELD | MA | 01983 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| GREGORY C DEMAKIS ESQ | ||||||||
| 180 WEST SHORE DRIVE | MARBLEHEAD | MA | 01945 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| PAUL C DEMAKIS ESQ | ||||||||
| 46 COMMONWEALTH AVENUE | BOSTON | MA | 02116 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| DR NICHOLAS T ZERVAS | ||||||||
| MASS GENERAL HOSPITAL | BOSTON | MA | 02114 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| THOMAS L DEMAKIS | ||||||||
| 45 BLODGETT AVENUE | SWAMPSCOTT | MA | 01907 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| CHRISTOPHER SCANGAS | ||||||||
| 8214 SANTALUZ VILLAGE GREEN SOUTH | SAN DIEGO | CA | 92127 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| JOHN N DEMAKIS | ||||||||
| 1 LEO ROAD | MARBLEHEAD | MA | 01945 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| T PHILLIP COMENOS | ||||||||
| 1 DEXTER LANE | MANCHESTER | MA | 01944 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| NONDAS LAGONAKIS | ||||||||
| 30 FAIRVIEW AVENUE | SALEM | MA | 01970 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| ARTHUR KOURKOULIS | ||||||||
| 101 LITTLE NAHANT ROAD | NAHANT | MA | 01908 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| IRENE DUROS | ||||||||
| 789 SUMMER STREET | LYNNFIELD | MA | 01940 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMAKIS LAW OFFICES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVE SUITE 201 | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL & ADMIN | ServiceTypeTxt |
| Compensation | $120,000 | CompensationAmt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,439,788 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $841,922 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $25,150,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,431,710 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $27,431,710 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $411,476 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,020,234 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,351,012 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,351,012 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $31,594 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $31,594 | TotalTaxAmt |
| Distributable Before Adj | $1,319,418 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,319,418 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,319,418 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,325,472 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,325,472 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,325,472 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,319,418 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $80,588 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $80,588 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,325,472 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,319,418 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $6,054 | RemainingDistriFromCorpusAmt |
| Total Corpus | $86,642 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $86,642 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $80,588 | ExcessFromYear3Amt |
| Excess From Current Year | $6,054 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | GREGORY C DEMAKIS | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUESUITE 201 | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7815953311 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN LETTERS | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | FOR FUNDING OF SCHOLARSHIP FOR PEOPLE OF GREEK HERITAGE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (56 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt | Address Line1RecipientForeignAddress/AddressLine1Txt | Address Line2RecipientForeignAddress/AddressLine2Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANATOLIA COLLEGE | |||||||||||||
| 18 TREMONT STREET | BOSTON | MA | 02108 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| BERKLEE COLLEGE OF MUSIC | |||||||||||||
| 1140 BOYLSTON STREET | BOSTON | MA | 02215 | NONE | PUBLIC | SCHOLARSHIP | $10,000 | ||||||
| BOSTON UNIVERSITY | |||||||||||||
| ONE SILBER WAY | BOSTON | MA | 02215 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| BOYS & GIRLS CLUB OF LYNN | |||||||||||||
| 25 NORTH COMMON STREET | LYNN | MA | 01902 | NONE | PUBLIC | FOR FUNDING | $2,500 | ||||||
| BRANDEIS UNIVERSITY | |||||||||||||
| 415 SOUTH STREET | WALTHAM | MA | 02453 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| BRIDGEWELL | |||||||||||||
| 471 BROADWAY | LYNNFIELD | MA | 01940 | NONE | PUBLIC | FOR FUNDING | $50,000 | ||||||
| CALFORNIA INSTITUTE OF THE ARTS | |||||||||||||
| 24700 MCBEAM PKWY | VAALENCIA | CA | 91355 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| CARE DIMENSIONS | |||||||||||||
| 75 SYLVIAN STSTE B10 | DANVERS | MA | 01923 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| CARNEGIE MELLON UNIV | |||||||||||||
| 5000 FORBES AVENUE | PITTSBURG | PA | 15213 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| COLUMBIA UNIVERSITY | |||||||||||||
| 535 WEST 114TH ST | NEW YORK | NY | 10027 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $40,000 | 1172 AMSTERDAM AVENUE | |||||
| CUNY | |||||||||||||
| 42ND STREET | NEW YORK | NY | 10012 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| DUKE UNIVERSITY | |||||||||||||
| 411 CHAPEL DRIVE | DURHAM | NC | 27708 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| GEORGE MASON UNIVERSITY | |||||||||||||
| 4400 UNIVERSITY DRIVE | FAIRFAX | VA | 22030 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| GIRLS INC | |||||||||||||
| 58 BLOSSOM STREET | LYNN | MA | 01902 | NONE | PUBLIC | FOR FUND RAISER | $251,000 | ||||||
| GREEK 4 KIDS | |||||||||||||
| 1345 CENTRE STREET | NEWTON | MA | 02459 | NONE | PUBLIC | FOR FUNDING | $12,000 | ||||||
| HARVARD UNIVERSITY | |||||||||||||
| 48 QUINCY STREET | CAMBRIDGE | MA | 02138 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $10,000 | ||||||
| INTERCITY SCHOLARSHIP FUND | |||||||||||||
| 1011 FIRST AVE 14FL | NEW YORK | NY | 10022 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $10,000 | ||||||
| LEADERSHIP 100 | |||||||||||||
| OLYMPIC TOWER | NEW YORK | NY | 10022 | NONE | PUBLIC | FOR FUNDING | $10,000 | 645 FIFTH AVE STE 906 | |||||
| LEIGH UNIVERSITY | |||||||||||||
| 27 MEMORIAL DRIVE W | BETHLEHEM | PA | 18015 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| LOUISIANA STATE UNIVERSITY | |||||||||||||
| 146 THOMAS BOYD HALL | BATON ROUGE | LA | 70803 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| LYNN COMMUNITY HEALTH CENTER | |||||||||||||
| 269 UNION STREET | LYNN | MA | 01901 | NONE | PUBLIC | TO FUND | $25,000 | ||||||
| LYNN MUSEUM | |||||||||||||
| 590 WASHINGTON STREET | LYNN | MA | 01901 | NONE | PUBLIC | FOR FUNDING | $10,000 | ||||||
| MGH | |||||||||||||
| 36 1ST AVENUE | BOSTON | MA | 02129 | NONE | PUBLIC | FOR FUNDING | $100,000 | ||||||
| MIT | |||||||||||||
| 77 MASS AVENUE | CAMBRIDGE | MA | 02139 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| NEW YORK UNIVERSITY | |||||||||||||
| 70 WASHINGTON SQUARE | NEW YORK | NY | 10012 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $35,000 | SOUTH | |||||
| NSCC | |||||||||||||
| 1 FERNCROFT ROAD | DANVERS | MA | 01923 | NONE | PUBLIC | FOR FUNDING | $25,000 | ||||||
| NORTH SHORE COMM DEV | |||||||||||||
| 102 LAFAYETTE STREET | SALEM | MA | 01970 | NONE | PUBLIC | FOR FUNDING | $25,000 | ||||||
| PARENTS ASSOCIATION | |||||||||||||
| NONE | PUBLIC | FUNDING | $25,000 | MANTAMADOS | LERVOS | GREECE | GREECE | GR | |||||
| PRINCETON UNIVERSITY | |||||||||||||
| 1 NASSAU HALL | PRINCETON | NJ | 08544 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| RAW ARTS WORKS | |||||||||||||
| 37 CENTRAL SQUARE | LYNN | MA | 01901 | NONE | PUBLIC | CAPITAL EXPANSION | $25,000 | ||||||
| RUDGERS UNIVERSITY | |||||||||||||
| 57 US HIGHWAY 1 | NEW BRUNSWICK | NJ | 08901 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $20,000 | ||||||
| SOUTHERN ILLINOIS UNIVERSITY | |||||||||||||
| 1263 LINCOLN DRIVE | CARBONDALE | IL | 62901 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| STANFORD UNIVERSITY | |||||||||||||
| 355 GALVEZ STREET | STANFORD | CA | 94305 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $10,000 | ||||||
| ST BASIL'S ACADEMY | |||||||||||||
| 711 FOX CHASE ROAD | JENKINTOWN | PA | 19046 | NONE | PUBLIC | FOR FUNDING | $1,000 | ||||||
| ST GEORGE CHURCH | |||||||||||||
| 54 SOUTH COMMON STREET | LYNN | MA | 01902 | NONE | PUBLIC | FOR FUNDING | $15,000 | ||||||
| ST KATHERINE CHURCH | |||||||||||||
| 7100 AIRPORT PULLING RDN | NAPLES | FL | 34109 | NONE | PUBLIC | FOR FUNDING | $25,000 | ||||||
| ST MARY'S HIGH SCHOOL | |||||||||||||
| 35 TREMONT STREET | LYNN | MA | 01901 | NONE | PUBLIC | FOR FUNDING | $5,000 | ||||||
| ST VASILLO'S CHURCH | |||||||||||||
| 5 PALEOLOGOS STREET | PEABODY | MA | 01906 | NONE | PUBLIC | FOR FUNDING | $50,000 | ||||||
| STEVENS INST OF TECH | |||||||||||||
| 1 CASTLE POINT | HOBOKEN | NJ | 07030 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $10,000 | ||||||
| STONEY BROOK UNIVERSITY | |||||||||||||
| 279 BROADWAY | ALBANY | NY | 122042755 | NONE | PUBLIC | FOR FUNDING | $10,000 | ||||||
| SUNY | |||||||||||||
| 353 BROADWAY | ALBANY | NY | 12246 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| THE NEW SCHOOL | |||||||||||||
| 66 WEST 12TH STREET | NEW YORK | NY | 10011 | NONE | PUBLIC | SCHOLARSHIP | $10,000 | ||||||
| TUFTS | |||||||||||||
| 419 BOSTON AVENUE | MEDFORD | MA | 02155 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $100,000 | ||||||
| UNIVERSITY OF ALABAMA | |||||||||||||
| 739 UNIV BLVD E | TUSCALOOSA | AL | 35401 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| UNIVERSITY OF CALIFORNIA | |||||||||||||
| 900 UNIVERSITY AVENUE | RIVERSIDE | CA | 92521 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| UNIVERSITY OF COLORADO | |||||||||||||
| 1600 BROADWAY | DENVER | CO | 80202 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| UNIVERSITY OF CONN | |||||||||||||
| 2131 HILLSIDE ROAD | STORRS | CT | 06269 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | UNIT 3088 | |||||
| UNIVERSITY OF ILLINOIS | |||||||||||||
| 610 EAST JOHN STREET | CHAMPAIGN | IL | 61820 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $10,000 | ||||||
| UNIVERSITY OF MINNESOTA | |||||||||||||
| 80 S 8TH STREET SUITE 51 | MINNEAPOLIS | MN | 554022100 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $25,000 | IDS CENTER | |||||
| UNIVERSITY OF OREGON | |||||||||||||
| 1585 E 13TH AVENUE | EUGENE | OR | 97403 | NONE | PUBLIC | SCHOLARSHIP | $5,000 | ||||||
| UNIVERSITY OF PITTSBURG | |||||||||||||
| 4200 FIFTH AVENUE | PITTSBURG | PA | 15260 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||||||
| UNIVERSITY OF SOUTHERN CALIFORNIA | |||||||||||||
| 3740 MCCLINTOCK AVENUE | LOS ANGELES | CA | 90089 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $30,000 | ||||||
| UNIVERSITY OF TEXAS AT AUSTIN | |||||||||||||
| PO BOX 8058 | AUSTIN | TX | 787138058 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $15,000 | ||||||
| YESHIVA UNIVERSITY | |||||||||||||
| 500 W 185TH STREET | NEW YORK | NY | 10033 | NONE | PUBLIC | SCHOLARSHIPS | $5,000 | ||||||
| YMCA OF SAUGUS | |||||||||||||
| 298 MAIN STREET | SAUGUS | MA | 01906 | NONE | PUBLIC | FOR FUNDING | $10,510 | ||||||
| HIGH SCHOOL SCHOLARSHIPS | |||||||||||||
| 56 CENTRAL AVE | LYNN | MA | 01901 | NONE | PRIVATE | SCHOLARSHIP | $90,000 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,212,010 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $864 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $29,375 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,610,543 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $220,867 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL GAIN DIVIDENDS | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $10,518 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $40,757 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,831,410 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,872,167 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEE | CategoryTxt |
| Amt | $17,000 | Amt |
| Net Investment Income | $17,000 | NetInvestmentIncomeAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | INVESTMENTS | AssetDesc |
| Acquired | 2014-01 | AcquiredDt |
| How Acquired | PURCHASE | HowAcquiredTxt |
| Sold | 2015-12 | SoldDt |
| Gross Sales Price | $993,163 | GrossSalesPriceAmt |
| Basis | $772,296 | BasisAmt |
| Total Net | $220,867 | TotalNetAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORP BONDS | BondNm |
| EOY Book Value | $1,140,579 | EOYBookValueAmt |
| EOYFMV | $1,073,392 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| COMMON STOCK | $159,506 | $154,694 |
| HEDGE FUNDS | $207,699 | $196,278 |
| OTHER INVESTMENT | $47,930 | $37,334 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LAND | CategoryOrItemTxt |
| Cost Or Other Basis | $3,910,000 | CostOrOtherBasisAmt |
| Book Value | $3,910,000 | BookValueAmt |
| EOYFMV | $25,150,000 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $1,825 | LegalFeesAmt |
| Net Investment Income | $1,825 | NetInvestmentIncomeAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL INCOME TAX | Desc |
| Amt | $31,594 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| EXPENSES | |||
| SCHOLARSHIP ADVERTISING | $3,462 | $3,462 | |
| BANK CHARGES | $36 | $36 | |
| INVESTMENT FEES | $10,255 | $10,255 | |
| MISCELLANEOUS EXPENSE | $3,953 | $3,953 | |
| COMMISSIONS | $25,000 | $25,000 | |
| ANNUAL DINNER | $1,544 | $1,544 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL GAIN DIVIDENDS | Desc |
| Revenue And Expenses Per Books | $10,518 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $10,518 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $10,518 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt |
|---|---|
| ACCRUED INCOME TAXES | |
| PREPAID RENT | $116,733 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROF. FEES | CategoryTxt |
| Amt | $120,000 | Amt |
| Net Investment Income | $10,000 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $110,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER TAXES | CategoryTxt |
| Amt | $519 | Amt |
| Net Investment Income | $519 | NetInvestmentIncomeAmt |
Comments