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PATRICK J FRAWLEY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
PATRICK J FRAWLEY FOUNDATION INC (EIN 46-4037658)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-11
IRS object ID
201521319349100732
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 ReturnHeader

FieldValueIRS element (for citing)
Return2015-05-11T13:32:30-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Frank J LaRusso CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1550 Mamaroneck AveAddressLine1Txt
CityHarrisonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464037658EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PATRICK J FRAWLEY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATRBusinessNameControlTxt
Phone7183936101PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line125-02 80TH STREETAddressLine1Txt
CityJACKSON HEIGHTSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11370ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICK J FRAWLEYPersonNm
Person TitlePresidentPersonTitleTxt
Signature2015-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFrank J LaRusso CPAPreparerPersonNm
PTINP00045796PTIN
Phone9146988303PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$366,704FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$150,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$10,724DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,724DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$494NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$28,976GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$494CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$34OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$34OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$161,252TotalRevAndExpnssAmt
Total Net Invst Incm$11,252TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,950AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$488AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$488AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$489OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$489OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,489TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$977TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$488TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,989TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$977TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,988TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$157,263ExcessRevenueOverExpensesAmt
Net Investment Income$10,275NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$73,057CashBOYAmt
Cash EOY$44,353CashEOYAmt
Cash EOYFMV$44,353CashEOYFMVAmt
Corporate Stock BOY$84,238CorporateStockBOYAmt
Corporate Stock EOY$141,828CorporateStockEOYAmt
Corporate Stock EOYFMV$148,465CorporateStockEOYFMVAmt
Corporate Bonds BOY$42,705CorporateBondsBOYAmt
Corporate Bonds EOY$106,653CorporateBondsEOYAmt
Corporate Bonds EOYFMV$107,943CorporateBondsEOYFMVAmt
Other Investments EOY$63,913OtherInvestmentsEOYAmt
Other Investments EOYFMV$65,943OtherInvestmentsEOYFMVAmt
Total Assets BOY$200,000TotalAssetsBOYAmt
Total Assets EOY$356,747TotalAssetsEOYAmt
Total Assets EOYFMV$366,704TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$200,000CapitalStockBOYAmt
Capital Stock EOY$356,747CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$200,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$356,747TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$200,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$356,747TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$200,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$157,263ExcessRevenueOverExpensesAmt
Subtotal$357,263SubtotalAmt
Other Decreases$516OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$356,747TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$494CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$16,232NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets$277,994NetVlNoncharitableAssetsAmt
Net Investment Income Pct$103NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$103AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,988QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$103InvestmentIncomeExciseTaxAmt
Subtotal$103SubtotalAmt
Tax Based On Investment Income$103TaxBasedOnInvestmentIncomeAmt
Tax Due$103TaxDueAmt

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
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1FRANK J LARUSSO CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9146988303PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1550 MAMARONECK AVE-SUITE 402AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10528ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
PATRICK J FRAWLEY
25-02 80TH STREETJACKSON HEIGHTSNY11370President0.00$0
GEORGE FRAWLEY
25-02 80TH STREETJACKSON HEIGHTSNY11370Treasurer0.00$0
ANN FRAWLEY
25-02 80TH STREETJACKSON HEIGHTSNY11370Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$190,551AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$58,705AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$32,971FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$282,227TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$282,227AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,233CashDeemedCharitableAmt
Net Vl Noncharitable Assets$277,994NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,900MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,900MinimumInvestmentReturnAmt
Tax Based On Investment Income$103TaxBasedOnInvestmentIncomeAmt
Total Tax$103TotalTaxAmt
Distributable Before Adj$13,797DistributableBeforeAdjAmt
Distributable Before Ded$13,797DistributableBeforeDedAmt
Distributable As Adjusted$13,797DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,988ExpensesAndContributionsAmt
Qualifying Distributions$1,988QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$103PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$1,885AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,797DistributableAsAdjustedAmt
Undistributed Income PY$136UndistributedIncomePYAmt
Qualifying Distributions$1,988QualifyingDistributionsAmt
Applied To Year1$136AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,852AppliedToCurrentYearAmt
Undistributed Income CY$11,945UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
EQUESTRIAN ORDER OF THE HOLY SEPULC
1011 FIRST AVENUENEW YORKNY10022NONEPCSUPPORT EDUCATIONAL, FAITH AND OTHER PROGRAMS IN COUNTRIES THAT COMPRISE THE "HOLY LAND"$500
THE LOTUS FOUNDATION
5 EAST 66TH STREETNEW YORKNY10065NONEPFSUPPORT UNDERSERVED CHILDREN IN APPRECIATION OF THE ARTS$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,724ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$34ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$494ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,252ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,252TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryFRANK LARUSSO CPACategoryTxt
Amt$1,950Amt
Net Investment Income$488NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$488DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescDECREASE IN FMVDesc
Amt$516Amt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$34RevenueAndExpensesPerBooksAmt
Net Investment Income$34NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryJANNEY-INVESTMENT ADV FEESCategoryTxt
Amt$489Amt
Net Investment Income$489NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonPATRICK J FRAWLEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line125-02 80TH STREETAddressLine1Txt
CityJACKSON HEIGHTSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11370ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS DEPT LAWCategoryTxt
Amt$50Amt

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