FRANK AND VICTORIA RICH FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
FRANK AND VICTORIA RICH FAMILY FOUNDATION INC (EIN 26-1948060)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-06-28
IRS object ID
201311799349100411
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-06-28T14:45:19-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN223051951EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1FABIETTI HALE HAMMERSTEDT POWERS PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line13122 FIRE ROAD SUITE 101AddressLine1
CityEGG HARBOR TOWNSHIPCity
StateNJState
ZIP Code082345880ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN261948060EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE FRANK AND VICTORIA RICH FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlFRANNameControl
Phone6096417776Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1103 HEMSLEY PLACEAddressLine1
CityNORTHFIELDCity
StateNJState
ZIP Code08225ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameFRANK RICHName
TitleTRUSTEETitle
Phone6096417776Phone
Date Signed2013-05-22DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameEDWARD J HALE CPAName
PTINP00524461PTIN
Phone6093838299Phone
Date Prepared2013-05-22DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY20460FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss15000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss6InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm6InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses15006TotalRevenueAndExpenses
Total Net Investment Income6TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Other Expenses Rev And Expnss188OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss188TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss15740ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps15740ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss15928TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps15740TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-922ExcessOfRevenueOverExpenses
Net Investment Income6NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY21382CashBOY
Cash EOY20460CashEOY
Cash EOYFMV20460CashEOYFMV
Total Assets BOY21382TotalAssetsBOY
Total Assets EOY20460TotalAssetsEOY
Total Assets EOYFMV20460TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY21382RetainedEarningsBOY
Retained Earnings EOY20460RetainedEarningsEOY
Total Net Assets BOY21382TotalNetAssetsBOY
Total Net Assets EOY20460TotalNetAssetsEOY
Total Liabilities Net Assets BOY21382TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY20460TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY21382TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-922ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal20460Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY20460TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year111300QualifyingDistributionsYear1
Noncharitable Assets Year115937NoncharitableAssetsYear1
Distribution Ratio Year10.709042DistributionRatioYear1
Qualifying Distributions Year28800QualifyingDistributionsYear2
Noncharitable Assets Year218784NoncharitableAssetsYear2
Distribution Ratio Year20.468484DistributionRatioYear2
Qualifying Distributions Year35640QualifyingDistributionsYear3
Noncharitable Assets Year319420NoncharitableAssetsYear3
Distribution Ratio Year30.290422DistributionRatioYear3
Qualifying Distributions Year42250QualifyingDistributionsYear4
Noncharitable Assets Year48672NoncharitableAssetsYear4
Distribution Ratio Year40.259456DistributionRatioYear4
Total Distribution Ratio1.727404TotalDistributionRatio
Average Distribution Ratio0.431851AverageDistributionRatio
Net Noncharitable Assets17462NetNoncharitableAssets
Adjusted Noncharitable Assets7541AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One7541AdjNonchrtblAssetsAndOnePct
Qualifying Distributions15740QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e0RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithNJStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number6096417776BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1103 HEMSLEY PLACEAddressLine1
CityNORTHFIELDCity
StateNJState
ZIP Code08225ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
FRANK RICH JR
103 HEMSLEY PLACENORTHFIELDNJ08225TRUSTEE, PRESIDENT, TREASU2.00000
VICTORIA RICH
103 HEMSLEY PLACENORTHFIELDNJ08225TRUSTEE, V. PRESIDENT, SEC2.00000
PAMELA ANN RICH
103 HEMSLEY PLACENORTHFIELDNJ08225TRUSTEE, V. PRESIDENT, ASS1.00000
VICTORIA RICH
103 HEMSLEY PLACENORTHFIELDNJ08225TRUSTEE, V. PRESIDENT, ASS1.00000
FRANK RICH III
103 HEMSLEY PLACENORTHFIELDNJ08225TRUSTEE, V. PRESIDENT, ASS1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances17728AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets17728TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets17728AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable266CashDeemedCharitable
Net Noncharitable Assets17462NetNoncharitableAssets
Minimum Investment Return873MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return873MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj873DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded873DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted873DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions15740ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions15740QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions15740AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted873DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year41816ExcessDistriCarryoverYear4
Excess Distri Carryover Year34669ExcessDistriCarryoverYear3
Excess Distri Carryover Year27861ExcessDistriCarryoverYear2
Excess Distri Carryover Year110503ExcessDistriCarryoverYear1
Total Excess Distri Carryover24849TotalExcessDistriCarryover
Qualifying Distributions15740QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year873AppliedToCurrentYear
Remaining Distri From Corpus14867RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus39716TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year39716ExcessDistriCyovToNextYear
Excess From Year41816ExcessFromYear4
Excess From Year34669ExcessFromYear3
Excess From Year27861ExcessFromYear2
Excess From Year110503ExcessFromYear1
Excess From Current Year14867ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerFRANK RICH JRContributingManager
Contributing ManagerVICTORIA RICHContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (15 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
THE BOYS AND GIRLS CLUB OF ATLANTIC CITY
317 N PENNSYLVANIA AVEATLANTIC CITYNJ08401NONETAX EXEMPTCHARITABLE$950
THE HANSEN HOUSE
PO BOX 1020COLOGNENJ08213NONETAX EXEMPTCHARITABLE$550
ATLANTIC CARE FOUNDATION
2500 ENGLISH CREEK AVEEGG HARBOR TOWNSHIPNJ08234NONETAX EXEMPTCHARITABLE$2,500
CYSTIC FIBROSIS FOUNDATION
2 UNIVERSITY PLAZA STE 312HACKENSACKNJ07601NONETAX EXEMPTCHARITABLE$150
PREVENTION FIRST
1405 ROUTE 35OCEANNJ07712NONETAX EXEMPTCHARITABLE$100
DEBORAH HEART & LUNG CENTER
200 TRENTON ROADBROWNS MILLSNJ08015NONETAX EXEMPTCHARITABLE$100
ST GIANNA BERETTA MOLLA
1421 NEW ROADNORTHFIELDNJ08225NONETAX EXEMPTCHARITABLE$3,600
THE CHARITY LEAGUE OF ATLANTIC COUNTY
PO BOX 356SOMERS POINTNJ08244NONETAX EXEMPTCHARITABLE$240
THE ALHEIMERS ASSOCIATION
400 MORRIS AVE STE 251DENVILLENJ07834NONETAX EXEMPTCHARITABLE$250
ST NICHOLAS OF TOLENTINE CHURCH
1409 PACIFIC AVENUEATLANTIC CITYNJ08401NONETAX EXEMPTCHARITABLE$4,200
THE FIRST TEE OF ATLANTIC CITY
1004 NEW ROADNORTHFIELDNJ08225NONETAX EXEMPTCHARITABLE$300
THE GARY CARTER FOUNDATION
580 VILLAGE BLVD SUITE 315WEST PALM BEACHFL33409NONETAX EXEMPTCHARITABLE$1,000
AMERICAN RED CROSS
850 N FRANKLIN BLVDPLEASANTVILLENJ08232NONETAX EXEMPTCHARITABLE$500
THE SHIRLEY MAE FUND
9315 AMHERST AVEMARGATENJ08402NONETAX EXEMPTCHARITABLE$1,100
TOM FABIETTI SCHOLARSHIP
3122 FIRE ROAD STE 101EGG HARBOR TOWNSHIPNJ08234NONETAX EXEMPTCHARITABLE$200
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year15740TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Related Or Exempt Function Income6RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$0ExclusionAmount
Related Or Exempt Function Income6RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA6TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

FieldValueIRS element (for citing)
Line Number103LineNumber
Relationship StatementINTEREST ON MONEY MARKET ACCOUNTRelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualFRANK AND VICTORIA RICHContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1103 HEMSLEY PLACEAddressLine1
CityNORTHFIELDCity
StateNJState
ZIP Code08225ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions15000AggregateContributions
Person Contribution TypeXPersonContributionType

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
BANK CHARGES15800
FEES & LICENSES3000

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