OLEAN FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- OLEAN FOUNDATION (EIN 22-2496957)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-09-25
- IRS object ID
- 201502689349100600
- Schema version
- 2014v5.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-09-25T09:00:11-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 201696994 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOYT FILIPPETTI & MALAGHAN LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1041 POQUONNOCK RD | AddressLine1Txt |
| City | GROTON | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 063404211 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222496957 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLEAN FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OLEA | BusinessNameControlTxt |
| Phone | 4013150143 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 AIRPORT ROAD | AddressLine1Txt |
| City | WESTERLY | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02891 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT MASTROFINO | PersonNm |
| Person Title | FINANCE DIRECTOR | PersonTitleTxt |
| Phone | 4013150143 | PhoneNum |
| Signature | 2015-08-11 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PAUL R FILIPPETTI | PreparerPersonNm |
| PTIN | P00036888 | PTIN |
| Phone | 8605369685 | PhoneNum |
| Preparation | 2015-09-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $921,877 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $29,765 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $43 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $43 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $43 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $35,781 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $35,781 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $35,781 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $63,939 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $261,727 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $63,939 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $1,158 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $30,000 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $30,000 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $159,528 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $99,763 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $66,982 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $3,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,750 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $8,502 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,502 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $8,502 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $886 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $886 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $886 | TaxesAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $35,284 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $35,284 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $48,172 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $11,140 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $44,672 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,750 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $75,647 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $75,647 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $123,819 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $11,140 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $44,672 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $77,397 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $35,709 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $88,623 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $22,310 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $200 | CashBOYAmt |
| Cash EOY | $100 | CashEOYAmt |
| Cash EOYFMV | $100 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $37,584 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,934 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $20,934 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $1,000 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,000 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $698,326 | CorporateStockBOYAmt |
| Corporate Stock EOY | $733,410 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $733,410 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $191,019 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $166,433 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $166,433 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $928,129 | TotalAssetsBOYAmt |
| Total Assets EOY | $921,877 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $921,877 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $229 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $650 | AccountsPayableEOYAmt |
| Grants Payable BOY | $25,661 | GrantsPayableBOYAmt |
| Total Liabilities BOY | $25,890 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $650 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $902,239 | UnrestrictedBOYAmt |
| Unrestricted EOY | $921,227 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $902,239 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $921,227 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $928,129 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $921,877 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $902,239 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $35,709 | ExcessRevenueOverExpensesAmt |
| Subtotal | $937,948 | SubtotalAmt |
| Other Decreases | $16,721 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $921,227 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| FIRST ALLIED SECURITIES | P | 2014-04-24 | 2014-11-13 | $31,160 | $30,002 | $1,158 | $1,158 |
| FIRST ALLIED SECURITIES | P | 2009-11-19 | 2014-12-02 | $147,373 | $121,865 | $25,508 | $25,508 |
| KINDER MORGAN - FIRST ALLED | P | 2007-12-21 | 2014-12-02 | $83,194 | $45,921 | $37,273 | $37,273 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $63,939 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $1,158 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $66,432 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $911,643 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.072871 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $101,869 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $910,719 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.111856 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $36,508 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $874,308 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.041756 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $64,847 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $857,924 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.075586 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $35,899 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $771,135 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.046553 | DistributionYr5Rt |
| Total Distribution | 0.348622 | TotalDistributionRt |
| Average Distribution | 0.069724 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $921,394 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $64,243 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $886 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $65,129 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $77,397 | 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 | $886 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $886 | SubtotalAmt |
| Tax Based On Investment Income | $886 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $701 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $701 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $6 | EsPenaltyAmt |
| Tax Due | $191 | TaxDueAmt |
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 | RI | 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 | BOB MASTROFINO | IndividualWithBooksNm |
| Phone | 4013150413 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 AIRPORT ROAD | AddressLine1Txt |
| City | WESTERLY | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02891 | 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| BRUCE OLEAN | |||||||||
| C/O OLEAN FOUNDATION INC | 101 AIRPORT ROAD | WESTERLY | RI | 02891 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| RALPH ABRUZZESE | |||||||||
| C/O OLEAN FOUNDATION INC | 101 AIRPORT ROAD | WESTERLY | RI | 02891 | VICE PRES. | 2.00 | $0 | $0 | $0 |
| MARGARET STEELE | |||||||||
| C/O OLEAN FOUNDATION INC | 101 AIRPORT ROAD | WESTERLY | RI | 02891 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| BOB HOFFMAN | |||||||||
| C/O OLEAN FOUNDATION INC | 101 AIRPORT ROAD | WESTERLY | RI | 02891 | TREASURER | 2.00 | $0 | $0 | $0 |
| DICK MANSFIELD | |||||||||
| C/O OLEAN FOUNDATION INC | 101 AIRPORT ROAD | WESTERLY | RI | 02891 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TO PROVIDE FUNDS TO PROVIDERS OF HABILITATION AND REHABILITATION SERVICES SO THAT THEY CAN OPTIMALLY MEET THE NEEDS OF PERSONS WITH PHYSICAL, EMOTIONAL, MENTAL, SOCIAL, AND/OR VOCATIONAL DISABILITIES. | Description1Txt |
| Expenses1 | $75,647 | Expenses1Amt |
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 | $892,966 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $42,459 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $935,425 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $935,425 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $14,031 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $921,394 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $46,070 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $46,070 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $886 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $886 | TotalTaxAmt |
| Distributable Before Adj | $45,184 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $45,184 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $45,184 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $77,397 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $77,397 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $886 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $76,511 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $45,184 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $22,395 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $56,803 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $21,285 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $100,483 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $77,397 | QualifyingDistributionsAmt |
| Applied To Current Year | $45,184 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $32,213 | RemainingDistriFromCorpusAmt |
| Total Corpus | $132,696 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $132,696 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $22,395 | ExcessFromYear4Amt |
| Excess From Year2 | $56,803 | ExcessFromYear2Amt |
| Excess From Year1 | $21,285 | ExcessFromYear1Amt |
| Excess From Current Year | $32,213 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK OLEAN CENTER INC & COMM VOC | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 AIRPORT ROAD | AddressLine1Txt |
| City | WESTERLY | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02891 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | CONSUMER NEEDS, ACTIVITIES, PROGRAMS | GrantOrContributionPurposeTxt |
| Amt | $75,647 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $75,647 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $43 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $35,781 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $63,939 | ExclusionAmt |
Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$5,282 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $99,763 | ExclusionAmt |
| Related Or Exempt Function Incm | -$5,282 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $94,481 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 9 | ANNUAL GOLF TOURNEY TO RAISE FUNDS TO DISTRIBUTE TO NON |
| 9 | PROFIT ORGANIZATIONS WHICH MEET THE MISSION |
| 9 | STATEMENT OF THE FOUNDATION. |
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 & AUDITING | CategoryTxt |
| Amt | $3,500 | Amt |
| Net Investment Income | $1,750 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,750 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIRST ALLIED SECURITIES A/C | $57,713 | $57,713 |
| FIRST ALLIED SECURITIES MM A/C | $108,720 | $108,720 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIRST ALLIED SECURITIES A/C | $722,276 | $722,276 |
| STEADFAST INCOME REIT | $11,134 | $11,134 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $16,721 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| GOLF TOURNEY & OTHER FUNDR | |||
| COST OF GOODS SOLD | $35,282 | $35,282 | |
| EXPENSES | |||
| MISCELLANEOUS | $2 | $2 | $2 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GOLF TOURNEY & OTHER FUNDR | Desc |
| Revenue And Expenses Per Books | $30,000 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $30,000 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $8,502 | Amt |
| Net Investment Income | $8,502 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,502 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAXES | CategoryTxt |
| Amt | $886 | Amt |
| Net Investment Income | $886 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $886 | AdjustedNetIncomeAmt |