BORRA FAMILY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- BORRA FAMILY FOUNDATION (EIN 31-1533388)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-02-14
- IRS object ID
- 201310469349100101
- Schema version
- 2012v2.1
- 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
- Schedule B
- Accounting Fees Schedule
- Compensation Explanation
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-14T15:41:46-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALLY A TARRANT CPA & ASSOCIATES LTD | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6711 MONROE ST BLDG IV STE B | AddressLine1 |
| City | SYLVANIA | City |
| State | OH | State |
| ZIP Code | 43560 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311533388 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BORRA FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BORR | NameControl |
| Phone | 4193037771 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 181 4TH AVENUE NORTH | AddressLine1 |
| City | NAPLES | City |
| State | FL | State |
| ZIP Code | 341028421 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PIER C BORRA | Name |
| Title | VICE PRESIDENT | Title |
| Phone | 4193037771 | Phone |
| Date Signed | 2013-02-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SALLY A TARRANT | Name |
| Phone | 4195179850 | Phone |
| Date Prepared | 2013-02-14 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1072174 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 1000000 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 8 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 8 | DividendsNetInvstIncm |
| Total Revenue And Expenses | 1000008 | TotalRevenueAndExpenses |
| Total Net Investment Income | 8 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 1004 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 1004 | AccountingFeesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 50 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 50 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 1054 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 1054 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 1054 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1054 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 998954 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 8 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 73220 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 1072174 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 1072174 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 73220 | TotalAssetsBOY |
| Total Assets EOY | 1072174 | TotalAssetsEOY |
| Total Assets EOYFMV | 1072174 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 73220 | UnrestrictedBOY |
| Unrestricted EOY | 1072174 | UnrestrictedEOY |
| Total Net Assets BOY | 73220 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1072174 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 73220 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1072174 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 73220 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 998954 | ExcessOfRevenueOverExpenses |
| Subtotal | 1072174 | Subtotal |
| Total Net Assets Fund Balances EOY | 1072174 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 1008 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 73040 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.013801 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 2132 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 73889 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.028854 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 551827 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 256699 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 2.149705 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 527269 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 776689 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.678868 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 512343 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 979777 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.522918 | DistributionRatioYear5 |
| Total Distribution Ratio | 3.394146 | TotalDistributionRatio |
| Average Distribution Ratio | 0.678829 | AverageDistributionRatio |
| Net Noncharitable Assets | 112601 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 76437 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 76437 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 1054 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Est Tax Payments And Overpayment | 1714 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 1714 | TotalCreditsAndPayments |
| Overpayment | 1714 | Overpayment |
| Amount Credited To Next Year | 1714 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | OH | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | PIER C BORRA | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 4193037771 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 181 4TH AVENUE NORTH | AddressLine1 |
| Address Line2 | 181 4TH AVENUE NORTH | AddressLine2 |
| City | NAPLES | City |
| State | FL | State |
| ZIP Code | 341028421 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| RENEE A BORRA | ||||||||
| 181 4TH AVENUE NORTH | NAPLES | FL | 341028421 | PRESIDENT | 2.00 | 0 | 0 | 0 |
| PIER C BORRA | ||||||||
| 181 4TH AVENUE NORTH | NAPLES | FL | 341028421 | VICE PRES. | 2.00 | 0 | 0 | 0 |
| PIER C BORRA JR | ||||||||
| 125 ASHLAND ROAD | SUMMIT | NJ | 07901 | TRUSTEE | 1.00 | 0 | 0 | 0 |
| JUSTIN A BORRA | ||||||||
| 19415 FRAZIER DRIVE | ROCKY RIVER | OH | 441161759 | TRUSTEE | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 114316 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 114316 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 114316 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1715 | CashDeemedCharitable |
| Net Noncharitable Assets | 112601 | NetNoncharitableAssets |
| Minimum Investment Return | 5630 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 5630 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 5630 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 5630 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 5630 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1054 | ExpensesAndContributions |
| Qualifying Distributions | 1054 | QualifyingDistributions |
| Adj Qualifying Distributions | 1054 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 5630 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 467312 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 489043 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 539238 | ExcessDistriCarryoverYear3 |
| Total Excess Distri Carryover | 1495593 | TotalExcessDistriCarryover |
| Qualifying Distributions | 1054 | QualifyingDistributions |
| Applied To Current Year | 1054 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 4576 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 4576 | ExcessDistriCyovAppliedCY |
| Total Corpus | 1491017 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 462736 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 1028281 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 489043 | ExcessFromYear4 |
| Excess From Year3 | 539238 | ExcessFromYear3 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | RENEE A BORRA | ContributingManager |
| Contributing Manager | PIER C BORRA | ContributingManager |
| Shareholder Manager | NONE | ShareholderManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $8 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $8 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 8 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | PIER C AND RENEE BORRA | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 181 4TH AVENUE NORTH | AddressLine1 |
| City | NAPLES | City |
| State | FL | State |
| ZIP Code | 341028421 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 1000000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SALLY A. TARRANT CPA & ASSOCIATE | Category |
| Amount | $1,004 | Amount |
| Disbursements Charitable Prps | 1004 | DisbursementsCharitablePrps |
Compensation Explanation CompensationExplanation
Compensation Compensation (4 entries)
| RENEE A BORRA |
| PIER C BORRA |
| PIER C BORRA JR |
| JUSTIN A BORRA |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| EXPENSES | ||
| OHIO FILING FEE | 50 | 50 |