SALVAGGIO FAMILY FOUNDATION TR 10011998: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- SALVAGGIO FAMILY FOUNDATION TR 10011998 (EIN 25-6614812)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-10-09
- IRS object ID
- 201512829349100506
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-10-09T12:52:33-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 232620120 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONCANNON MILLER & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1525 VALLEY CENTER PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | BETHLEHEM | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 180172285 | 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 | 256614812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALVAGGIO FAMILY FOUNDATION CO NORENE SALVAGGIO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALV | BusinessNameControlTxt |
| Phone | 6105305000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 RIDGEVIEW DRIVE NO 300 | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NORENE L SALVAGGIO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6105305000 | PhoneNum |
| Signature | 2015-10-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00122679 | PTIN |
| Phone | 6104335501 | PhoneNum |
| 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 | $16,673,306 | 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 | $6,357,110 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,476 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,476 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $180,048 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $164,634 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $588,987 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,689,757 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,221,932 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $10,986 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $10,986 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $7,138,607 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,399,028 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,800 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $11,936 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,296 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $20,271 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $20,256 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $37,807 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $24,352 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $273,709 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $273,709 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $311,516 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $24,352 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $273,709 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,827,091 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,374,676 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $614,602 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,764,431 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,764,431 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers BOY | $500 | RcvblFromOfficersBOYAmt |
| Corporate Stock BOY | $7,997,901 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,677,270 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,908,875 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $8,613,003 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,441,701 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $16,673,306 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $8,613,003 | RetainedEarningBOYAmt |
| Retained Earning EOY | $15,441,701 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,613,003 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,441,701 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,613,003 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,441,701 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,613,003 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,827,091 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,607 | OtherIncreasesAmt |
| Subtotal | $15,441,701 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $15,441,701 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SALES OF PUBLICLY TRADED SECURITIES | D | $1,773,858 | $1,135,905 | $637,953 | $637,953 |
| SALES OF PUBLICLY TRADED SECURITIES | P | $341,250 | $322,250 | $19,000 | $19,000 |
| SALES OF PUBLICLY TRADED SECURITIES | P | $1,652,203 | $1,518,760 | $133,443 | $133,443 |
| SALES OF PUBLICLY TRADED SECURITIES | P | $3 | $5 | -$2 | -$2 |
| SALES OF PUBLICLY TRADED SECURITIES | P | $1,063,092 | $723,644 | $339,448 | $339,448 |
| SALES OF PUBLICLY TRADED SECURITIES | P | $600,991 | $567,261 | $33,730 | $33,730 |
| SALES OF PUBLICLY TRADED SECURITIES | P | $239,015 | $200,000 | $39,015 | $39,015 |
| CAPITAL GAINS DIVIDENDS | P | $19,345 | $19,345 | $19,345 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,221,932 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $563,058 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $8,497,418 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.066262 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,776,303 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $8,463,662 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.209874 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $772,447 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,994,628 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.085879 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $802,391 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $6,854,995 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.117052 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $845,543 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $5,937,048 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.142418 | DistributionYr5Rt |
| Total Distribution | 0.621485 | TotalDistributionRt |
| Average Distribution | 0.124297 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $9,933,970 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,234,763 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $13,747 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,248,510 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $273,709 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $27,494 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $27,494 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $27,494 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $11,250 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $31,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $42,250 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $14 | EsPenaltyAmt |
| Overpayment | $14,742 | OverpaymentAmt |
| Applied To ES Tax | $14,742 | 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 | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | NORENE L SALVAGGIO | IndividualWithBooksNm |
| Phone | 6105305000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1390 RIDGEVIEW DRIVE SUITE 300 | AddressLine1Txt |
| City | ALLENTOWN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18104 | 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 |
|---|---|---|---|---|---|---|---|---|
| NORENE L SALVAGGIO | ||||||||
| 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| THOMAS A SALVAGGIO | ||||||||
| 6124 HAASADAHL ROAD | OREFIELD | PA | 18069 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| CHRISTY A GHIGIARELLI | ||||||||
| 26 FITZGERALD DRIVE | MOOSIC | PA | 18507 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| SUZIE A SPINOSA | ||||||||
| 3018 BARRINGTON LANE | ALLENTOWN | PA | 18103 | TRUSTEE | 1.00 | $0 | $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 | $8,575,389 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,509,860 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,085,249 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,085,249 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $151,279 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,933,970 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $496,699 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $496,699 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $27,494 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $27,494 | TotalTaxAmt |
| Distributable Before Adj | $469,205 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $469,205 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $469,205 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $273,709 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $273,709 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $273,709 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $469,205 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $551,783 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $463,337 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $347,131 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,369,814 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $149,166 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,881,231 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $273,709 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $273,709 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $195,496 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $195,496 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,685,735 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $356,287 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,329,448 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $463,337 | ExcessFromYear4Amt |
| Excess From Year3 | $347,131 | ExcessFromYear3Amt |
| Excess From Year2 | $1,369,814 | ExcessFromYear2Amt |
| Excess From Year1 | $149,166 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NORENE L SALVAGGIO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (38 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLENTOWN RESCUE MISSION | |||||||
| 355 HAMILTON STREET PO BOX 748 | ALLENTOWN | PA | 18105 | N/A | PUBLIC | CHARITABLE | $10,000 |
| ALZHEIMERS ASSOCIATION | |||||||
| 617 MAIN STREET A | HELLERTOWN | PA | 18055 | N/A | PUBLIC | CHARITABLE | $25 |
| AMERICAN DIABETES ASSOCIATION | |||||||
| 1701 NORTH BEAUREGARD STREET | ALEXANDRIA | VA | 22311 | N/A | PUBLIC | CHARITABLE | $200 |
| AMERICAN HEART ASSOCIATION | |||||||
| 7272 GREENVILLE AVE | DALLAS | TX | 75231 | N/A | PUBLIC | CHARITABLE | $300 |
| BERNARDINE FRANSCISCAN SISTERS | |||||||
| 450 ST BERNARDINE STREET | READING | PA | 19607 | N/A | PUBLIC | CHARITABLE | $1,000 |
| BETHESDA MISSION | |||||||
| 611 REILY ST | HARRISBURG | PA | 17102 | N/A | PUBLIC | CHARITABLE | $1,000 |
| BOYS & GIRLS CLUB OF ALLENTOWN | |||||||
| 720 N SIXTH STREET | ALLENTOWN | PA | 18102 | N/A | PUBLIC | CHARITABLE | $17,800 |
| BOYS TOWN | |||||||
| 14100 CRAWFORD STREET | BOYS TOWN | NE | 68010 | N/A | PUBLIC | CHARITABLE | $300 |
| CAI EDUCATION ADVANCEMENT TRUST | |||||||
| 1390 RIDGEVIEW DRIVE | ALLENTOWN | PA | 18104 | N/A | PRIVATE OPERATING FO | CHARITABLE | $34,000 |
| CETRONIA AMBULANCE | |||||||
| 7355 WILLIAM AVENUE | ALLENTOWN | PA | 18106 | N/A | PUBLIC | CHARITABLE | $50 |
| CHURCH OF THE ANNUNCIATION | |||||||
| 4408 GULF DRIVE | HOLMES BEACH | FL | 34217 | N/A | PUBLIC | CHARITABLE | $200 |
| COMMUNITY SERVICES FOR CHILDREN | |||||||
| 1520 HANOVER AVE | ALLENTOWN | PA | 18109 | N/A | PUBLIC | CHARITABLE | $5,000 |
| COVENANT HOUSE | |||||||
| 31 E ARMAT STREET | PHILADELPHIA | PA | 19144 | N/A | PUBLIC | CHARITABLE | $1,000 |
| CYSTIC FIBROSIS FOUNDATION | |||||||
| 1541 ALTA DRIVE | WHITEHALL | PA | 18052 | N/A | PUBLIC | CHARITABLE | $3,500 |
| DIAKON LUTHERAN SOCIAL MINISTRIES | |||||||
| 798 HAUSMAN ROAD | ALLENTOWN | PA | 18104 | N/A | PUBLIC | CHARITABLE | $100 |
| EASTER SEALS | |||||||
| 233 SOUTH WACKER DRIVE SUITE 2400 | CHICAGO | IL | 60606 | N/A | PUBLIC | CHARITABLE | $20,000 |
| EASTON BOYS AND GIRLS CLUB | |||||||
| PO BOX 741 | EASTON | PA | 18044 | N/A | PUBLIC | CHARITABLE | $1,500 |
| GIFT OF HEARING FOUNDATION | |||||||
| 770 MASSACHUSETTS AVE | CAMBRIDGE | MA | 02139 | N/A | PUBLIC | CHARITABLE | $1,000 |
| GIRL SCOUTS OF EASTERN PENNSYLVANIA | |||||||
| 330 MANOR ROAD | MIQUON | PA | 19444 | N/A | PUBLIC | CHARITABLE | $72 |
| GOOD SHEPHERD | |||||||
| 1651 N CEDAR CREST BLVD | ALLENTOWN | PA | 18104 | N/A | PUBLIC | CHARITABLE | $1,000 |
| HOLY INFANCY SCHOOL | |||||||
| 127 EAST 4TH STREET | BETHLEHEM | PA | 18015 | N/A | PUBLIC | CHARITABLE | $5,350 |
| J WOOD PLATT CADDIE SCHOLARSHIP TRUST | |||||||
| 1974 SPROUL ROAD SUITE 400 | BROOMALL | PA | 19008 | N/A | PUBLIC | CHARITABLE | $700 |
| JUDICIAL WATCH | |||||||
| 425 3RD STREET SUITE 800 | WASHINGTON | DC | 20024 | N/A | PUBLIC | CHARITABLE | $450 |
| JUSTIN SHEFTEL MEMORIAL | |||||||
| 3632 OAKWOOD TRAIL | ALLENTOWN | PA | 18103 | N/A | PUBLIC | CHARITABLE | $500 |
| LIFEPATH FOUNDATION | |||||||
| 3500 HIGH POINT BOULEVARD | BETHLEHEM | PA | 18017 | N/A | PUBLIC | CHARITABLE | $2,500 |
| MARCH OF DIMES | |||||||
| 1031 W LINDEN ST | ALLENTOWN | PA | 18102 | N/A | PUBLIC | CHARITABLE | $1,025 |
| OFFICER DAVID M PETZOLD MEMORIAL FOUNDATION | |||||||
| PO BOX 223 | CENTER VALLEY | PA | 18034 | N/A | PUBLIC | CHARITABLE | $1,000 |
| OUR LADY HELP OF CHRISTIANS | |||||||
| 922 HANOVER AVE | ALLENTOWN | PA | 18109 | N/A | PUBLIC | CHARITABLE | $8,727 |
| PATHWAYS TO EXCELLENCE | |||||||
| 8515 GEORGIA AVENUE SUITE 400 | SILVER SPRING | MD | 20910 | N/A | PUBLIC | CHARITABLE | $1,000 |
| PENN STATE UNIVERSITY | |||||||
| 308 OLD MAIN | UNIVERSITY PARK | PA | 16802 | N/A | PUBLIC | CHARITABLE | $31,000 |
| PUSH THE ROCK | |||||||
| 647 WALNUT STREET | EMMAUS | PA | 18049 | N/A | PUBLIC | CHARITABLE | $13,500 |
| SAINT LUKE NEIGHBORHOOD CENTER | |||||||
| 435 N 7TH ST | ALLENTOWN | PA | 18102 | N/A | PUBLIC | CHARITABLE | $500 |
| ST JUDE'S CHILDREN RES | |||||||
| 262 DANNY THOMAS PI | MEMPHIS | TN | 38105 | N/A | PUBLIC | CHARITABLE | $20 |
| ST THOMAS MORE | |||||||
| 1040 FLEXER AVE | ALLENTOWN | PA | 18103 | N/A | PUBLIC | CHARITABLE | $108,000 |
| ST WILLIAMS PARISH | |||||||
| 6200 RISING SUN AVE | PHILADELPHIA | PA | 19111 | N/A | PUBLIC | CHARITABLE | $200 |
| STONE HARBOR VOLUNTEER FIRE FIGHTERS | |||||||
| 175 96TH ST | STONE HARBOR | NJ | 08247 | N/A | PUBLIC | CHARITABLE | $100 |
| THE FOUNDATION FOR ENHANCING COMMUNITIES | |||||||
| 200 N 3RD ST | HARRISBURG | PA | 17101 | N/A | PUBLIC | CHARITABLE | $1,000 |
| WOODLAWN FIRE DEPT | |||||||
| 1651 WHITEHALL AVENUE | ALLENTOWN | PA | 18104 | N/A | PUBLIC | CHARITABLE | $90 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $273,709 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,476 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $180,048 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $10,986 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $588,987 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $781,497 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $781,497 | 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 (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| ANTHONY SALVAGGIO | |||||||
| 1 | 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | $4,588,260 | Yes (X) | |
| ANTHONY SALVAGGIO | |||||||
| 2 | 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | $1,266,750 | Yes (X) | |
| ANTHONY SALVAGGIO | |||||||
| 3 | 1432 CEDARWOOD ROAD | ALLENTOWN | PA | 18104 | $502,100 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | 25,000 SHARES OF YAHOO, INC. - COMMON STOCK | $1,266,750 | 2014-12-02 |
| 3 | 10,000 SHARES OF YAHOO, INC. - COMMON STOCK | $502,100 | 2014-12-15 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $5,600 | Amt |
| Net Investment Income | $2,800 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | PUBLICLY TRADED INVESTMENTS | StockNm |
| EOY Book Value | $7,677,270 | EOYBookValueAmt |
| EOYFMV | $8,908,875 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $20,256 | $20,256 | $0 |
| PA STATE REGISTRATION FEE | $15 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERS GROUP PRIVATE EQUITY LLC | Desc |
| Revenue And Expenses Per Books | $10,986 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $10,986 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $10,986 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITIES COST BASIS ADJUSTMENTS | Desc |
| Amt | $1,607 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL INCOME TAX | $10,640 | $0 | $0 |
| FOREIGN INCOME TAXES | $1,296 | $1,296 | $0 |