SEAN AND CATHY HANLON FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
SEAN AND CATHY HANLON FOUNDATION INC (EIN 47-2415209)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-04-27
IRS object ID
201641189349100104
Schema version
2015v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-04-27T08:50:34-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Paul S Bauer CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11601 Tilton RoadAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08225ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472415209EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Sean and Cathy HanlonBusinessNameLine1Txt
Business Name Line2Foundation IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSEANBusinessNameControlTxt
Phone6096011200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13393 Bargaintown RoadAddressLine1Txt
CityEgg Harbor TownshipCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08234ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJohn J Hanlon IVPersonNm
Person TitleTrusteePersonTitleTxt
Signature2016-04-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul S Bauer CPAPreparerPersonNm
PTINP01202995PTIN
Phone6096452888PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,550,340FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$7,040DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,040DividendsNetInvstIncmAmt
Dividends Adj Net Incm$7,040DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$938NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,520,747GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$938CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$938NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$7,978TotalRevAndExpnssAmt
Total Net Invst Incm$7,978TotalNetInvstIncmAmt
Total Adj Net Incm$7,978TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$449,468ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$449,468ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$449,468TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$449,468TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$441,490ExcessRevenueOverExpensesAmt
Net Investment Income$7,978NetInvestmentIncomeAmt
Adjusted Net Income$7,978AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,347,511SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,060,090SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,060,090SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$652,489OtherInvestmentsBOYAmt
Other Investments EOY$498,420OtherInvestmentsEOYAmt
Other Investments EOYFMV$490,250OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,000,000TotalAssetsBOYAmt
Total Assets EOY$1,558,510TotalAssetsEOYAmt
Total Assets EOYFMV$1,550,340TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$2,000,000UnrestrictedBOYAmt
Unrestricted EOY$1,558,510UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$2,000,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,558,510TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,000,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,558,510TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,000,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$441,490ExcessRevenueOverExpensesAmt
Subtotal$1,558,510SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,558,510TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyInvestment PortfolioPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2015-01-01AcquiredDt
Sold2015-12-31SoldDt
Gross Sales Price$1,520,747GrossSalesPriceAmt
Cost Or Other Basis$1,519,809CostOrOtherBasisAmt
Gain Or Loss$938GainOrLossAmt
Gains Minus Excess Or Losses$938GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$938CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$938NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$160InvestmentIncomeExciseTaxAmt
Subtotal$160SubtotalAmt
Tax Based On Investment Income$160TaxBasedOnInvestmentIncomeAmt
Tax Due$160TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1John J Hanlon IVBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6096011200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13393 Bargaintown Road - Suite 200AddressLine1Txt
CityEgg Harbor TownshipCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08234ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
John J Hanlon IV
127 Harbor RoadMarmoraNJ08223Trustee0.00$0
Cathy L Hanlon
127 Harbor RoadMarmoraNJ08223Trustee0.00$0
John J Hanlon V
1192 Orchard Street - Apt 8bNew YorkNY10002Trustee0.00$0
Erin S Hanlon
127 Harbor RoadMarmoraNJ08223Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Stevens Institute Hanlon Financial Systems LabDescription1Txt
Expenses1$300,000Expenses1Amt
Description2Stevens Institute Student Managed Investment FundDescription2Txt
Expenses2$100,000Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$160TaxBasedOnInvestmentIncomeAmt
Income Tax$160IncomeTaxAmt
Total Tax$320TotalTaxAmt
Distributable Before Adj$320DistributableBeforeAdjAmt
Distributable Before Ded$320DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$449,468ExpensesAndContributionsAmt
Qualifying Distributions$449,468QualifyingDistributionsAmt
Adjusted Qualifying Distri$449,468AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$449,468QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$449,468RemainingDistriFromCorpusAmt
Total Corpus$449,468TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$449,468ExcessDistriCyovToNextYrAmt
Excess From Current Year$449,468ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonThe Sean and Cathy Hanlon FoundatioRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13393 Bargaintown Road 200AddressLine1Txt
CityEgg Harbor TownshipCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08234ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6096011200RecipientPhoneNum
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Stevens Institute
1 Castle Point TerraceHobokenNJ07030NCEducational Purposes$400,000
Miscelaneous 501c3 Organizations
VariousVariousNJ08232NCCharitable Purposes$49,468
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$449,468TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,040RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$938RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,978RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,978TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$498,420BookValueAmt
EOYFMV$490,250EOYFMVAmt

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