GERONDELIS FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- GERONDELIS FOUNDATION INC (EIN 04-6130871)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-09-22
- IRS object ID
- 201432659349100303
- Schema version
- 2013v3.1
- 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
- Compensation Explanation
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-09-22T10:51:20-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 041731650 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMAKIS & DEMAKIS CPA'S | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUE SUITE 207 | AddressLine1 |
| City | LYNN | City |
| State | MA | State |
| ZIP Code | 019011140 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046130871 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERONDELIS FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GERO | BusinessNameControlTxt |
| Phone | 7815953311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUE | AddressLine1 |
| Address Line2 | ROOM/SUITE 201 | AddressLine2 |
| City | LYNN | City |
| State | MA | State |
| ZIP Code | 01901 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGORY C DEMAKIS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7815953311 | PhoneNum |
| Signature | 2014-08-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TIMOTHY S DEMAKIS CPA | PreparerPersonNm |
| PTIN | P00501002 | PTIN |
| Phone | 7815926120 | PhoneNum |
| Preparation | 2014-08-28 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $27,039,886 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,435 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,435 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $1,435 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $21,528 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $21,528 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $21,528 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $1,443,688 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $1,443,688 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $1,443,688 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $1,443,688 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$9,959 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,766 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $132,053 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $17,053 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $132,053 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,588,745 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,483,704 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,598,704 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $22,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $53,000 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $53,000 | LegalFeesNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $10,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,000 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $50,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $10,000 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $40,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $250 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $250 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $4,966 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,966 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $40,076 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $27,182 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,664 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $180,292 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $100,432 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $47,630 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $770,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $770,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $950,792 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $100,432 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $818,130 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $637,953 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,383,272 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,598,704 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $356,174 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $635,439 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $625,439 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses EOY | $229,167 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $229,167 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $21,693 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $25,529 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $25,529 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $412,639 | CorporateStockBOYAmt |
| Corporate Stock EOY | $399,665 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $391,083 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $496,914 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $424,180 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $618,668 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $3,910,000 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $3,910,000 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $3,910,000 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $25,150,000 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $5,197,420 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,623,980 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $27,039,886 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $130,000 | GrantsPayableBOYAmt |
| Other Liabilities BOY | $7,889 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $38,257 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $137,889 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,257 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $5,059,531 | UnrestrictedBOYAmt |
| Unrestricted EOY | $5,585,723 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,059,531 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,585,723 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,197,420 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,623,980 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,059,531 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $637,953 | ExcessRevenueOverExpensesAmt |
| Subtotal | $5,697,484 | SubtotalAmt |
| Other Decreases | $111,761 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,585,723 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SALE OF INVESTMENTS-BOA | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2013-01-01 | AcquiredDt |
| Sold | 2013-12-31 | SoldDt |
| Gross Sales Price | $7,766 | GrossSalesPriceAmt |
| Cost Or Other Basis | $17,725 | CostOrOtherBasisAmt |
| Gain Or Loss | -$9,959 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$9,959 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$9,959 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $509,129 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $8,264,244 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.061606 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $553,771 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $8,223,057 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.067344 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $537,645 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,175,210 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.065765 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $571,907 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,205,506 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.069698 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $504,272 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $8,416,034 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.059918 | DistributionYr5Rt |
| Total Distribution | 0.324331 | TotalDistributionRt |
| Average Distribution | 0.064866 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $26,296,815 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,705,769 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $13,833 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,719,602 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $818,130 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $27,665 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $27,665 | SubtotalAmt |
| Tax Based On Investment Income | $27,665 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,000 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $15,333 | AppliedToEsTaxAmt |
| Total Payments And Credits | $29,333 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $41 | EsPenaltyAmt |
| Overpayment | $1,627 | OverpaymentAmt |
| Applied To ES Tax | $1,627 | AppliedToESTaxAmt |
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 | MA | 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 | GREGORY C DEMAKIS | IndividualWithBooksNm |
| Phone | 7815953311 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUE | AddressLine1 |
| Address Line2 | SUITE 201 | AddressLine2 |
| City | LYNN | City |
| State | MA | State |
| ZIP Code | 01901 | ZIPCode |
| 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 (12 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| THOMAS C DEMAKIS ESQ | ||||||||
| 186 PERKINS ROW | TOPSFIELD | MA | 01983 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| GREGORY C DEMAKIS ESQ | ||||||||
| 180 WEST SHORE DRIVE | MARBLEHEAD | MA | 01945 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| PAUL C DEMAKIS ESQ | ||||||||
| 46 COMMONWEALTH AVENUE | BOSTON | MA | 02116 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| DR NICHOLAS T ZERVAS | ||||||||
| MASS GENERAL HOSPITAL | BOSTON | MA | 02114 | DIRECTOR | 2.00 | $1,500 | $0 | $0 |
| THOMAS L DEMAKIS | ||||||||
| 45 BLODGETT AVENUE | SWAMPSCOTT | MA | 01907 | DIRECTOR | 2.00 | $1,500 | $0 | $0 |
| CHRISTOPHER SCANGAS | ||||||||
| 8214 SANTALUZ VILLAGE GREEN SOUTH | SAN DIEGO | CA | 92127 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| RUSSELL SMITH | ||||||||
| 47 RIVER ROAD | GLOUCESTER | MA | 01930 | DIRECTOR | 2.00 | $1,500 | $0 | $0 |
| JOHN N DEMAKIS | ||||||||
| 1 LEO ROAD | MARBLEHEAD | MA | 01945 | DIRECTOR | 2.00 | $1,500 | $0 | $0 |
| T PHILLIP COMENOS | ||||||||
| 1 DEXTER LANE | MANCHESTER | MA | 01944 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| NONDAS LAGONAKIS | ||||||||
| 30 FAIRVIEW AVENUE | SALEM | MA | 01970 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| ARTHUR KOURKOUSIS | ||||||||
| 101 LITTLE NAHANT ROAD | NAHANT | MA | 01908 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| IRENE DUROS | ||||||||
| 789 SUMMER STREET | LYNNFIELD | MA | 01940 | DIRECTOR | 2.00 | $2,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMAKIS LAW OFFICES | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVE SUITE 201 | AddressLine1 |
| City | LYNN | City |
| State | MA | State |
| ZIP Code | 01901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGZL & ADMIN | ServiceTypeTxt |
| Compensation | $100,000 | CompensationAmt |
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 | $970,789 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $576,485 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $25,150,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,697,274 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $26,697,274 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $400,459 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,296,815 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,314,841 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,314,841 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $27,665 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $27,665 | TotalTaxAmt |
| Distributable Before Adj | $1,287,176 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,287,176 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,287,176 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $818,130 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $818,130 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $818,130 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,287,176 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $94,041 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $173,068 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $140,788 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $155,354 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $109,095 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $672,346 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $818,130 | QualifyingDistributionsAmt |
| Applied To Current Year | $818,130 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $469,046 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $469,046 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $203,300 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $203,300 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $94,205 | ExcessFromYear2Amt |
| Excess From Year1 | $109,095 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | GREGORY C DEMAKIS | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 CENTRAL AVENUESUITE 201 | AddressLine1 |
| City | LYNN | City |
| State | MA | State |
| ZIP Code | 01901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7815953311 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN LETTERS | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | FOR FUNDING OF SCHOLARSHIP FOR PEOPLE OF GREEK HERITAGE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (49 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2 | Business Name Line2RecipientBusinessName/BusinessNameLine2 |
|---|---|---|---|---|---|---|---|---|---|
| ANATOLIA COLLEGE | |||||||||
| 18 TREMONT ST SUITE 704 | BOSTON | MA | 02108 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||
| BAYLOR UNIVERSITY | |||||||||
| ONE BEAR PLACE 97056 | WACO | TX | 767987056 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $8,000 | ||
| BRANDEIS UNIVERSITY | |||||||||
| 415 SOUTH STREET | WALTHAM | MA | 02453 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| BROWN UNIVERSITY | |||||||||
| PO BOX 1920 | PROVIDENCE | RI | 02912 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $8,000 | ||
| BOYS & GIRLS CLUB OF LYNN | |||||||||
| 25 N COMMON STREET | LYNN | MA | 01902 | NONE | PUBLIC | NEW BUILDING | $152,500 | ||
| CARNEGIE MELLON UNIV | |||||||||
| 5000 FORBES AVENUE | PITTSBURG | PA | 15213 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||
| COLUMBIA UNIVERSITY | |||||||||
| 535 WEST 114TH ST | NEW YORK | NY | 10027 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $68,000 | 1172 AMSTERDAM AVENUE | |
| CORNELL UNIVERSITY | |||||||||
| 144 EAST AVENUE | ITHACA | NY | 14850 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| FASHION INST OF TECH | |||||||||
| 7TH AVE AT 27 STREET | NEW YORK | NY | 100015992 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| FLORIDA ATLANTIC UNIVERSITY | |||||||||
| 777 GLADES ROAD | BOCA RATON | FL | 33431 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||
| FORDHAM UNIVERSITY | |||||||||
| 441 EAST FORDHAM RD | BRONX | NY | 10458 | NONE | PUBLIC | EDUCATIONAL PROJECT | $5,000 | ||
| GEORGETOWN UNIVERSITY | |||||||||
| 37TH O STREET NW | WASHINGTON | DC | 20057 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| GIRLS INC | |||||||||
| 58 BLOSSOM STREET | LYNN | MA | 01902 | NONE | PUBLIC | FOR FUND RAISER | $26,000 | ||
| HARRY AGGANIS FOUNDATION | |||||||||
| 85 EXCHANGE STREET | LYNN | MA | 01901 | NONE | PUBLIC | FOR FUNDING | $2,500 | ||
| HARVARD UNIVERSITY | |||||||||
| 48 QUINCY STREET | CAMBRIDGE | MA | 02138 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $27,000 | ||
| HAVEN PROJECT FOR HOMELESS | |||||||||
| 2 LAFAYETTE ST 3RD FL | NEW YORK | NY | 10007 | NONE | PUBLIC | PROVIDE SUPPORT FOR HOMELESS | $1,000 | YOUTH | |
| HELENIC NURSING HOME OF MA | |||||||||
| 601 SHERMAN STREET | CANTON | MA | 02021 | NONE | PUBLIC | RENOVATION ALZEIMER'S UNIT | $25,000 | ||
| HOSPICE OF THE NORTH SHORE | |||||||||
| 75 SYLVAN STREET | DANVERS | MA | 01923 | NONE | PUBLIC | FOR FUNDING | $5,000 | ||
| ILLINOIS INST OF TECH | |||||||||
| 3300 SOUTH FEDERAL ST | CHICAGO | IL | 606163793 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| INTERCITY SCHOLARSHIP FUND | |||||||||
| 1011 FIRST AVE 14FL | NEW YORK | NY | 10022 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $10,000 | ||
| IOWA STATE UNIVERSITY | |||||||||
| 15 CURTIS HALL | AMES | IA | 50011 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| METRO NS YMCA | |||||||||
| 20 NEPTUNE BLVD | LYNN | MA | 01902 | NONE | PUBLIC | FUNDING LYNN YMCA | $5,000 | ||
| MIT | |||||||||
| 77 MASS AVENUE | CAMBRIDGE | MA | 02139 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $12,000 | ||
| NEW YORK UNIVERSITY | |||||||||
| 70 WASHINGTON SQUARE | NEW YORK | NY | 10012 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $16,000 | SOUTH | |
| NC STATE UNIVERSITY | |||||||||
| 4TH FLOOR CLARK HALL | RALEIGH | NC | 276957227 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | PO BOX 7227 | |
| ONE FUND BOSTON | |||||||||
| PO BOX 990009 | BOSTON | MA | 02199 | NONE | PUBLIC | HELP VICTIMS OF BOSTON MAR BOMBING | $50,000 | ||
| RAW ARTS WORKS | |||||||||
| 37 CENTRAL SQUARE | LYNN | MA | 01901 | NONE | PUBLIC | CAPITAL EXPANSION | $30,000 | ||
| SAUGUS YMCA | |||||||||
| 298 MAIN STREET | SAUGUS | MA | 01906 | NONE | PUBLIC | FOR FUNDING | $7,500 | ||
| STANFORD UNIVERSITY | |||||||||
| 355 GALVEZ STREET | STANFORD | CA | 94305 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $13,000 | ||
| ST BASIL'S ACADEMY | |||||||||
| 711 FOX CHASE ROAD | JENKINS | PA | 19046 | NONE | PUBLIC | FOR FUNDING | $1,000 | ||
| ST GEORGE'S CHURCH | |||||||||
| 54 SOUTH COMMON STREET | LYNN | MA | 01902 | NONE | PUBLIC | FOR FUNDING | $5,000 | ||
| ST MARY'S HIGH SCHOOL | |||||||||
| 35 TREMONT STREET | LYNN | MA | 01901 | NONE | PUBLIC | FOR FUNDING | $5,000 | ||
| STEVENS INST OF TECH | |||||||||
| 1 CASTLE POINT | HOBOKEN | NJ | 07030 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $13,000 | ||
| TUFTS | |||||||||
| 419 BOSTON AVENUE | MEDFORD | MA | 02155 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $13,000 | ||
| UNIVERSITY OF CALIFORNIA | |||||||||
| 900 UNIVERSITY AVENUE | RIVERSIDE | CA | 92521 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $17,000 | ||
| UNIVERSITY OF CINCINNATI | |||||||||
| 2600 CLIFTON AVENUE | CINCINNATI | OH | 45221 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $17,000 | ||
| UNIVERSITY OF COLORADO | |||||||||
| 3415 COLORADO AVE | BOULDER | CO | 80309 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| UNIVERSITY OF FLORIDA | |||||||||
| 903 WEST UNIVERSITY AVE | GAINESVILLE | FL | 32601 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| UNIVERSITY OF IOWA | |||||||||
| 107 CALVIN HALL | IOWA CITY | IA | 522421396 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||
| UNIVERSITY OF MICHIGAN | |||||||||
| 625 SOUTH STATE STREET | ANN ARBOR | MI | 48109 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| UNIVERSITY OF MINNESOTA | |||||||||
| 80 S 8TH STREET SUITE 51 | MINNEAPOLIS | MN | 554022100 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | IDS CENTER | |
| UNIVERSITY OF NORTH CAROLINA | |||||||||
| 1801 FAYETTEVILLE STREET | DURHAM | NC | 27707 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $5,000 | ||
| UNIVERSITY OF PENN | |||||||||
| 3451 WALNUT STREET | PHILADELPHIA | PA | 19104 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| UNIVERSITY OF ROCHESTER | |||||||||
| 500 JOSEPH C WILSON BLVD | ROCHESTER | NY | 14627 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| UNIVERSITY OF SOUTHERN CALIFORNIA | |||||||||
| 3740 MCCLINTOCK AVENUE | LOS ANGELES | CA | 90089 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| UNIVERSITY OF TEXAS AT AUSTIN | |||||||||
| PO BOX 8058 | AUSTIN | TX | 787138058 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $4,000 | ||
| USO | |||||||||
| 700 CHILDS WAY | LOS ANGELES | CA | 900890914 | NONE | PUBLIC | WOUNDED WARRIER FUND | $50,000 | ||
| VIRGINIA TECH | |||||||||
| 106 HUTCHENSON HALL | BLACKBURG | VA | 24061 | NONE | PUBLIC | TO FUND SCHOLARSHIP | $14,000 | ||
| HIGH SCHOOL SCHOLARSHIPS | |||||||||
| 56 CENTRAL AVE | LYNN | MA | 01901 | NONE | PRIVATE | SCHOLARSHIP | $78,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $770,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,435 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $21,528 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,443,688 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$9,959 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| CAPITAL GAIN DIVIDENDS | 14 | $17,053 |
| OTHER INCOME | 1 | $115,000 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $155,016 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,433,729 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,588,745 | TotalIncomeProducingActyAmt |
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 FEE | CategoryTxt |
| Amt | $10,000 | Amt |
| Net Investment Income | $10,000 | NetInvestmentIncomeAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (12 entries)
| THOMAS C DEMAKIS ESQ |
| GREGORY C DEMAKIS ESQ |
| PAUL C DEMAKIS ESQ |
| DR NICHOLAS T ZERVAS |
| THOMAS L DEMAKIS |
| CHRISTOPHER SCANGAS |
| RUSSELL SMITH |
| JOHN N DEMAKIS |
| T PHILLIP COMENOS |
| NONDAS LAGONAKIS |
| ARTHUR KOURKOUSIS |
| IRENE DUROS |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORP BONDS | BondNm |
| EOY Book Value | $424,180 | EOYBookValueAmt |
| EOYFMV | $618,668 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | COMMON STOCK | StockNm |
| EOY Book Value | $399,665 | EOYBookValueAmt |
| EOYFMV | $391,083 | EOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LAND | CategoryOrItemTxt |
| Cost Or Other Basis | $3,910,000 | CostOrOtherBasisAmt |
| Book Value | $3,910,000 | BookValueAmt |
| EOYFMV | $25,150,000 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $53,000 | LegalFeesAmt |
| Net Investment Income | $53,000 | NetInvestmentIncomeAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FEDERAL INCOME TAX | $26,682 |
| ADJUST TO BOOK VALUE | $85,079 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| EXPENSES | |||
| SCHOLARSHIP ADVERTISING | $1,939 | $1,939 | |
| BANK CHARGES | $36 | $36 | |
| INVESTMENT FEES | $5,530 | $5,530 | |
| MISCELLANEOUS EXPENSE | $10,230 | ||
| DUES & SUBSCRIPTIONS | $725 | $725 | |
| COMMISSIONS | $20,833 | $20,833 | |
| ANNUAL DINNER | $783 | $783 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CAPITAL GAIN DIVIDENDS | $17,053 | $17,053 | $17,053 |
| OTHER INCOME | $115,000 | $115,000 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED INCOME TAXES | $1,702 | |
| ACCRUED INCOME TAXES | $6,187 | $13,706 |
| PREPAID RENT | $24,551 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROF. FEES | CategoryTxt |
| Amt | $50,000 | Amt |
| Net Investment Income | $10,000 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $40,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER TAXES | CategoryTxt |
| Amt | $250 | Amt |
| Net Investment Income | $250 | NetInvestmentIncomeAmt |
Comments