CUTA-PAPA FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CUTA-PAPA FOUNDATION INC (EIN 22-3536657)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-03-19
IRS object ID: 201210799349100306
Schema version: 2011v1.2
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
Investments Corp Stock Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-19T15:24:08-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHARLES J HEUSER JR CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	54 SHREWSBURY AVE	AddressLine1
City	RED BANK	City
State	NJ	State
ZIP Code	077011130	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	223536657	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE CUTA-PAPA FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CUTA	NameControl
Phone	7325308805	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	C/O C J HEUSER 54 SHREWSBURY AVE	AddressLine1
City	RED BANK	City
State	NJ	State
ZIP Code	07701	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DR CHRISTOPHER PAPA	Name
Title	TRUSTEE	Title
Phone	7325308805	Phone
Date Signed	2012-03-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	CHARLES J HEUSER JR CPA	Name
Phone	7325308805	Phone
Date Prepared	2012-03-19	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	91215	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	10000	ContriReceivedRevAndExpnss
Dividends Rev And Expnss	2281	DividendsRevAndExpnss
Dividends Net Invst Incm	2281	DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	12281	TotalRevenueAndExpenses
Total Net Investment Income	2281	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	365	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	50	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	315	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	21	TaxesRevAndExpnss
Taxes Net Invst Incm	21	TaxesNetInvstIncm
Other Expenses Rev And Expnss	25	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	25	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	411	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	96	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	315	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	8500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	0	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	8911	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	96	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	315	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	3370	ExcessOfRevenueOverExpenses
Net Investment Income	2185	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	19038	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	22408	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	22408	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	37483	InvestmentsCorpStockBOY
Investments Corp Stock EOY	37483	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	68807	InvestmentsCorpStockEOYFMV
Total Assets BOY	56521	TotalAssetsBOY
Total Assets EOY	59891	TotalAssetsEOY
Total Assets EOYFMV	91215	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	56521	RetainedEarningsBOY
Retained Earnings EOY	59891	RetainedEarningsEOY
Total Net Assets BOY	56521	TotalNetAssetsBOY
Total Net Assets EOY	59891	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	56521	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	59891	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	56521	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	3370	ExcessOfRevenueOverExpenses
Subtotal	59891	Subtotal
Total Net Assets Fund Balances EOY	59891	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	294	QualifyingDistributionsYear1
Distribution Ratio Year1	0.000000	DistributionRatioYear1
Qualifying Distributions Year2	4056	QualifyingDistributionsYear2
Distribution Ratio Year2	0.000000	DistributionRatioYear2
Qualifying Distributions Year3	310	QualifyingDistributionsYear3
Distribution Ratio Year3	0.000000	DistributionRatioYear3
Qualifying Distributions Year4	379	QualifyingDistributionsYear4
Distribution Ratio Year4	0.000000	DistributionRatioYear4
Qualifying Distributions Year5	101	QualifyingDistributionsYear5
Distribution Ratio Year5	0.000000	DistributionRatioYear5
Total Distribution Ratio	0.000000	TotalDistributionRatio
Average Distribution Ratio	0.000000	AverageDistributionRatio
One Percent Net Investment Income	22	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	22	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	315	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	22	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	22	Subtotal
Tax Based On Investment Income	22	TaxBasedOnInvestmentIncome
Tax Paid Original Return	0	TaxPaidOriginalReturn
Tax Due	22	TaxDue
Amount Credited To Next Year	0	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
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	false	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	CHARLES J HEUSER JR	BooksInCareOfPersonName
Books In Care Of Phone Number	7325308805	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	54 SHREWSBURY AVENUE RED	AddressLine1
City	BANK	City
State	NJ	State
ZIP Code	07701	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
REGINA CUTA
17 CLOVER HILL LANE	COLTS NECK	NJ	07722	Trustee	1.00	0	0	0
CHRISTOPHER PAPA
17 CLOVER HILL LANE	COLTS NECK	NJ	07722	Trustee	1.00	0	0	0
CHARLES J HEUSER JR
54 SHREWSBURY AVE	RED BANK	NJ	07701	Trustee	1.00	0	0	0
DENNIS CONCANNON
226 SUMMER ROAD	NESHANIC STATION	NJ	08853	Trustee	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	0	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	0	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	0	CashDeemedCharitable
Net Noncharitable Assets	0	NetNoncharitableAssets
Minimum Investment Return	0	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Tax Based On Investment Income	22	TaxBasedOnInvestmentIncome
Total Tax	22	TotalTax
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	315	ExpensesAndContributions
Qualifying Distributions	315	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	22	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	293	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	120	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	400	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	310	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	4075	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	315	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	5220	TotalExcessDistriCarryover
Qualifying Distributions	315	QualifyingDistributions
Remaining Distri From Corpus	315	RemainingDistriFromCorpus
Total Corpus	5535	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	120	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	5415	ExcessDistriCyovToNextYear
Excess From Year4	400	ExcessFromYear4
Excess From Year3	310	ExcessFromYear3
Excess From Year2	4075	ExcessFromYear2
Excess From Year1	315	ExcessFromYear1
Excess From Current Year	315	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 (6 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
DEL VALLEY DOBERMAN PINSCHER ASSISTANCE
357 THIRD AVE	PHOENIXVILLE	PA	19460	Charity	Health & Welfare	$3,500
COLTS NECK COMMUNITY BAND
CEDAR DRIVE	COLTS NECK	NJ	07722	Charity	Expansion of Arts	$1,000
DOBERMAN PINSCHER RESCUE OF PA INC
15 BILLS WAY	LANDENBERG	PA	19350	Charity	Health & Welfare	$1,000
DOBERMAN RESCUE OF THE TRIAD
PO BOX 14037	GREENSBORO	NC	27415	Charity	Health & Welfare	$1,000
THE CHALLAH FUND
205 EASTON AVENUE	NEW BRUNSWICK	NJ	08901	Charity	Health & Welfare	$1,000
NY GILBERT & SULLIVAN PL
302 WEST 91ST ST	NEW YORK	NY	10024	Charity	Expansion of Arts	$1,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	8500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$2,281	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$2,281	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	2281	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	C PAPAR CUTA	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	17 CLOVER HILL LANE	AddressLine1
City	COLTS NECK	City
State	NJ	State
ZIP Code	07722	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	10000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
Johnson and Johnson Common Stock	37483	66367
Lannett Co., Inc		2440

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	NJ annual report	Description
Revenue And Expenses Per Books	25	RevenueAndExpensesPerBooks
Net Investment Income	25	NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	Income Tax	Category
Amount	$21	Amount
Net Investment Income	21	NetInvestmentIncome

CUTA-PAPA FOUNDATION INC: Form 990PF, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Address US ContributorAddressUS

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments