FURP.ORG / PUBLIC DATA EXPLORER

CALARCO FAMILY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
CALARCO FAMILY FOUNDATION INC (EIN 20-1976848)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-04-09
IRS object ID
201530999349100008
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)
Return2015-04-09T01:52:23-00:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PROGRESSIVE PLANNING INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 N BROADWAY STE 245AddressLine1Txt
CityJERICHOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11753ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201976848EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CALARCO FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCALABusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line127 FOREST GLEN DRIVEAddressLine1Txt
CityWOODBRIDGECityNm
State AbbreviationCTStateAbbreviationCd
ZIP06525ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVINCENT CALARCOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2015-04-09SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN NATHANPreparerPersonNm
Phone5169392400PhoneNum
Preparation2015-04-09PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$772,238FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$15,157DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,157DividendsNetInvstIncmAmt
Dividends Adj Net Incm$15,157DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$15,540NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$15,540GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,540CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,697TotalRevAndExpnssAmt
Total Net Invst Incm$30,697TotalNetInvstIncmAmt
Total Adj Net Incm$15,157TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$5,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,000AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$5,000AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$5,000AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$1,598OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,598OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$1,598OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$1,598OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,598TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,598TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$6,598TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,598TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$11,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$11,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$17,848TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,598TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$6,598TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$17,848TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,849ExcessRevenueOverExpensesAmt
Net Investment Income$24,099NetInvestmentIncomeAmt
Adjusted Net Income$8,559AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$81,349SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$78,265SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$78,265SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$520,796CorporateStockBOYAmt
Corporate Stock EOY$536,729CorporateStockEOYAmt
Corporate Stock EOYFMV$693,973CorporateStockEOYFMVAmt
Total Assets BOY$602,145TotalAssetsBOYAmt
Total Assets EOY$614,994TotalAssetsEOYAmt
Total Assets EOYFMV$772,238TotalAssetsEOYFMVAmt
Other Liabilities BOY$200OtherLiabilitiesBOYAmt
Other Liabilities EOY$200OtherLiabilitiesEOYAmt
Total Liabilities BOY$200TotalLiabilitiesBOYAmt
Total Liabilities EOY$200TotalLiabilitiesEOYAmt
Tot Net Ast Or Fund Balances BOY$601,945TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$614,794TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$602,145TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$614,994TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$601,945TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,849ExcessRevenueOverExpensesAmt
Subtotal$614,794SubtotalAmt
Tot Net Ast Or Fund Balances EOY$614,794TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCapital Gains DistributionsPropertyDesc
FieldValueIRS element (for citing)
Capital Gain Net Income$15,540CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$482InvestmentIncomeExciseTaxAmt
Subtotal$482SubtotalAmt
Tax Based On Investment Income$482TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,000TotalPaymentsAndCreditsAmt
Original Return Tax Paid$1,000OriginalReturnTaxPaidAmt
Overpayment$518OverpaymentAmt
Applied To ES Tax$518AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksVINCENT CALARCO PRESIDENTIndividualWithBooksNm
Phone2033938981PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line127 FOREST GLEN DRIVEAddressLine1Txt
CityWOODBRIDGECityNm
State AbbreviationCTStateAbbreviationCd
ZIP06526ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

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
VINCENT CALARCO
27 FOREST GLEN DRIVEWOODBRIDGECT06525PRES/TREAS000.00$0
LINDA CALARCO
27 FOREST GLEN DRIVEWOODBRIDGECT06525VP/SECRY000.00$0
CHRISTOPHER CALARCO
27 FOREST GLEN DRIVEWOODBRIDGECT06525VICE PRES000.00$0
DAVID CALARCO
27 FOREST GLEN DRIVEWOODBRIDGECT06525VICE PRES000.00$0

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$674,285AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$85,433AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$759,718TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$759,718AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,396CashDeemedCharitableAmt
Net Vl Noncharitable Assets$748,322NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,416MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,416MinimumInvestmentReturnAmt
Tax Based On Investment Income$482TaxBasedOnInvestmentIncomeAmt
Total Tax$482TotalTaxAmt
Distributable Before Adj$36,934DistributableBeforeAdjAmt
Distributable Before Ded$36,934DistributableBeforeDedAmt
Distributable As Adjusted$36,934DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,848ExpensesAndContributionsAmt
Qualifying Distributions$17,848QualifyingDistributionsAmt
Adjusted Qualifying Distri$17,848AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,934DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$12,397ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$183,694ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$197,053ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$179,937ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$193,631ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$766,712TotalExcessDistributionCyovAmt
Qualifying Distributions$17,848QualifyingDistributionsAmt
Applied To Current Year$17,848AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$19,086ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$19,086ExcessDistributionCyovAppCYAmt
Total Corpus$747,626TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$747,626ExcessDistriCyovToNextYrAmt
Excess From Year4$177,005ExcessFromYear4Amt
Excess From Year3$197,053ExcessFromYear3Amt
Excess From Year2$179,937ExcessFromYear2Amt
Excess From Year1$193,631ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GESELLE INSTITUTE
500 NORTH BROADWAYJERICHONY11753GENERAL$5,000
ST MARTIN DE PORRES ACADEMY
500 NORTH BROADWAYJERICHONY11753GENERAL$6,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$11,250TotalGrantOrContriPdDurYrAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$5,000Amt
Net Investment Income$5,000NetInvestmentIncomeAmt
Adjusted Net Income$5,000AdjustedNetIncomeAmt
Disbursements Charitable Prps$5,000DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$536,729EOYBookValueAmt
EOYFMV$693,973EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXCISE TAX$598$598$598$598
FEDERAL ESTIMATED TAX PAYMENT$1,000$1,000$1,000$1,000

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDTF OFFICERDesc
BOY Book Value$200BOYBookValueAmt
EOY Book Value$200EOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonVINCENT CALARCOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line127 FOREST GLEN DRIVEAddressLine1Txt
CityWOODBRIDGECityNm
State AbbreviationCTStateAbbreviationCd
ZIP06525ZIPCd

Taxes Schedule TaxesSchedule