CALARCO FAMILY FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CALARCO FAMILY FOUNDATION INC (EIN 20-1976848)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-04-16
- IRS object ID
- 201311069349100611
- Schema version
- 2012v2.2
- 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
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-16T02:45:26-00:00 | 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 | PROGRESSIVE PLANNING INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 N BROADWAY STE 245 | AddressLine1 |
| City | JERICHO | City |
| State | NY | State |
| ZIP Code | 11753 | 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 | 201976848 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CALARCO FAMILY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CALA | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 FOREST GLEN DRIVE | AddressLine1 |
| City | WOODBRIDGE | City |
| State | CT | State |
| ZIP Code | 06525 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN NATHAN | Name |
| Title | PRESIDENT | Title |
| Date Signed | 2013-04-16 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN NATHAN | Name |
| Phone | 5169392400 | Phone |
| Date Prepared | 2013-04-16 | DatePrepared |
| 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 | 843648 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | 21278 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 21278 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 21278 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | -71856 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 102393 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | -50578 | TotalRevenueAndExpenses |
| Total Net Investment Income | 21278 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 21278 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 5000 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 5000 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 5000 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 5000 | AccountingFeesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 200 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 200 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 200 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 200 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 5200 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 5200 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 5200 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 5200 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 219500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 219500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 224700 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 5200 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 5200 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 224700 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -275278 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 16078 | NetInvestmentIncome |
| Adjusted Net Income | 16078 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 144119 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 36119 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 36119 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 913037 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 745694 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 807529 | InvestmentsCorpStockEOYFMV |
| Other Assets EOY | 65 | OtherAssetsEOY |
| Total Assets BOY | 1057156 | TotalAssetsBOY |
| Total Assets EOY | 781878 | TotalAssetsEOY |
| Total Assets EOYFMV | 843648 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Total Net Assets BOY | 1057156 | TotalNetAssetsBOY |
| Total Net Assets EOY | 781878 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1057156 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 781878 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1057156 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -275278 | ExcessOfRevenueOverExpenses |
| Subtotal | 781878 | Subtotal |
| Total Net Assets Fund Balances EOY | 781878 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| 7,026 SHS. ALPINE GLOBAL FUND | P | 2007-04-25 | 2012-06-20 | 45458 | 112505 | -67047 | -67047 |
| 5,140 SHS. PIMCO GLOBAL FUND | P | 2011-04-20 | 2012-01-26 | 56542 | 61744 | -5202 | -5202 |
| CAPITAL GAIN DISTRIBUTION | 393 | 393 | 393 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -71856 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | -5202 | NetShortTermCapitalGainOrLoss |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 322 | InvestmentIncomeExciseTax |
| Subtotal | 322 | Subtotal |
| Tax Based On Investment Income | 322 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 453 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 453 | TotalCreditsAndPayments |
| Tax Paid Original Return | 453 | TaxPaidOriginalReturn |
| Overpayment | 131 | Overpayment |
| Amount Credited To Next Year | 131 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| VINCENT CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | PRES/TREAS | 000.00 | 0 |
| LINDA CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | VP/SECRY | 000.00 | 0 |
| CHRISTOPHER CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | VICE PRES | 000.00 | 0 |
| DAVID CALARCO | ||||||
| 27 FOREST GLEN DRIVE | WOODBRIDGE | CT | 06525 | VICE PRES | 000.00 | 0 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 825308 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 90119 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 915427 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 915427 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 13731 | CashDeemedCharitable |
| Net Noncharitable Assets | 901696 | NetNoncharitableAssets |
| Minimum Investment Return | 45085 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 45085 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 322 | TaxBasedOnInvestmentIncome |
| Total Tax | 322 | TotalTax |
| Distributable Amount Before Adj | 44763 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 44763 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 44763 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 224700 | ExpensesAndContributions |
| Qualifying Distributions | 224700 | QualifyingDistributions |
| Adj Qualifying Distributions | 224700 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 44763 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 252984 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 187216 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 12397 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 183694 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 197053 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 833344 | TotalExcessDistriCarryover |
| Qualifying Distributions | 224700 | QualifyingDistributions |
| Applied To Current Year | 44763 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 179937 | RemainingDistriFromCorpus |
| Total Corpus | 1013281 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 252984 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 760297 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 187216 | ExcessFromYear4 |
| Excess From Year3 | 12397 | ExcessFromYear3 |
| Excess From Year2 | 183694 | ExcessFromYear2 |
| Excess From Year1 | 197053 | ExcessFromYear1 |
| Excess From Current Year | 179937 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManager |
| Shareholder Manager | NONE | ShareholderManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|
| HOPKINS SCHOOL | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $200,000 |
| FOUNTAIN HOUSE | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $500 |
| CT PUBLIC BROADCASTING | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $1,500 |
| YNH HOSPITAL | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $2,500 |
| GESELL INSTITUTE | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $5,000 |
| HOPKINS SCHOOL | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $5,000 |
| LONG WHARF THEATRE | |||||
| 500 N BROADWAY | JERICHO | NY | 11753 | GENERAL | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 219500 | TotGrantOrContriPaidDuringYear |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | Category |
| Amount | $5,000 | Amount |
| Net Investment Income | 5000 | NetInvestmentIncome |
| Adjusted Net Income | 5000 | AdjustedNetIncome |
| Disbursements Charitable Prps | 5000 | DisbursementsCharitablePrps |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | 745694 | EOYBookValue |
| EOYFMV | 807529 | EOYFMV |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DTF OFFICER | Description |
| EOY Book Value | 65 | EOYBookValue |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | EXCISE TAX | Description |
| Revenue And Expenses Per Books | 200 | RevenueAndExpensesPerBooks |
| Net Investment Income | 200 | NetInvestmentIncome |
| Adjusted Net Income | 200 | AdjustedNetIncome |
| Disbursements Charitable Prps | 200 | DisbursementsCharitablePrps |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | VINCENT CALARCO | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 FOREST GLEN DRIVE | AddressLine1 |
| City | WOODBRIDGE | City |
| State | CT | State |
| ZIP Code | 06525 | ZIPCode |