GALKIN PRIVATE FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- GALKIN PRIVATE FOUNDATION (EIN 05-0494243)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-15
- IRS object ID
- 201231369349100608
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T07:29:39-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050479760 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDSAGER BARTLETT & PIERONI LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CATAMORE BLVD | AddressLine1 |
| City | EAST PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02914 | 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 | 050494243 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALKIN PRIVATE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GALK | NameControl |
| Phone | 4018280300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 BROOKSIDE AVENUE | AddressLine1 |
| City | WEST WARWICK | City |
| State | RI | State |
| ZIP Code | 02893 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT GALKIN | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 4018280300 | Phone |
| Date Signed | 2012-05-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kenneth Andsager | Name |
| PTIN | P00061382 | PTIN |
| Phone | 4012729100 | Phone |
| Date Prepared | 2012-05-11 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 1783217 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 200177 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 41972 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 41972 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 139341 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 165695 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 139341 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 381490 | TotalRevenueAndExpenses |
| Total Net Investment Income | 181313 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 0 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 0 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 0 | CompOfcrDirTrstDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 4000 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 0 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 0 | AccountingFeesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 2624 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 0 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 0 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 6624 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 202016 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 202016 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 208640 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 202016 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 172850 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 181313 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 166974 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 310613 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 310613 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 553331 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 529332 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1314583 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 53671 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 54455 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 35660 | InvestmentsCorpBondsEOYFMV |
| Investments Other BOY | 57575 | InvestmentsOtherBOY |
| Investments Other EOY | 65451 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 122361 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 831551 | TotalAssetsBOY |
| Total Assets EOY | 959851 | TotalAssetsEOY |
| Total Assets EOYFMV | 1783217 | TotalAssetsEOYFMV |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 831551 | CapitalStockBOY |
| Capital Stock EOY | 959851 | CapitalStockEOY |
| Paid In Or Capital Surplus BOY | 0 | PaidInOrCapitalSurplusBOY |
| Paid In Or Capital Surplus EOY | 0 | PaidInOrCapitalSurplusEOY |
| Retained Earnings BOY | 0 | RetainedEarningsBOY |
| Retained Earnings EOY | 0 | RetainedEarningsEOY |
| Total Net Assets BOY | 831551 | TotalNetAssetsBOY |
| Total Net Assets EOY | 959851 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 831551 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 959851 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 831551 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 172850 | ExcessOfRevenueOverExpenses |
| Other Increases | 0 | OtherIncreases |
| Subtotal | 1004401 | Subtotal |
| Other Decreases | 44550 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 959851 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (8 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 |
|---|---|---|---|---|---|---|---|
| GENZYME CORP | D | 1999-02-08 | 2011-01-26 | 18113 | 8194 | 9919 | 9919 |
| LOWES COMPANIES | D | 1999-02-08 | 2011-01-26 | 6059 | 883 | 5176 | 5176 |
| CYTEC INDUSTRIES | D | 2006-08-31 | 2011-01-26 | 4218 | 389 | 3829 | 3829 |
| DR PEPPER/SNAPPLE GROUP INC. | D | 2008-09-12 | 2011-01-26 | 16770 | 1030 | 15740 | 15740 |
| LILLY ELI & CO | D | 2003-12-02 | 2011-01-26 | 4951 | 3046 | 1905 | 1905 |
| GENZYME CORP | D | 1999-02-08 | 2011-06-01 | 72918 | 10523 | 62395 | 62395 |
| BANK OF AMERICA SETTLEMENT | D | 2001-01-26 | 2011-01-26 | 93 | 93 | 93 | |
| RELIANCE TRUST SEC SOLD | D | 2006-12-31 | 2011-01-26 | 42573 | 2289 | 40284 | 40284 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 139341 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 188034 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 1704304 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.110329 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 271280 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 1334377 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.203301 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 229250 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 1712321 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.133883 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 232696 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 1906325 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.122065 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 208467 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 1507366 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.138299 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.707877 | TotalDistributionRatio |
| Average Distribution Ratio | 0.141575 | AverageDistributionRatio |
| Net Noncharitable Assets | 1873428 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 265231 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 1813 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 267044 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 202016 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 3626 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 3626 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 3626 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 1624 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 1624 | TotalCreditsAndPayments |
| Penalty For Underpayment | 6 | PenaltyForUnderpayment |
| Tax Due | 2008 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 0 | UnrelatedBusIncomeOver1000 |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | RI | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 0 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | ROBERT T GALKIN | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 4018280300 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 BROOKSIDE AVENUE | AddressLine1 |
| City | WEST WARWICK | City |
| State | RI | State |
| ZIP Code | 02893 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 0 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 0 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT T GALKIN | ||||||||
| 110 ELSIE STREET | CRANSTON | RI | 02910 | PRESIDENT | 0.00 | 0 | 0 | 0 |
| WARREN B GALKIN | ||||||||
| 29 SAGE DRIVE | WARWICK | RI | 02886 | TREASURER | 0.00 | 0 | 0 | 0 |
| STEVEN ROSENBAUM | ||||||||
| 30 EXCHANGE TERRACE | PROVIDENCE | RI | 02903 | SECRETARY | 0.00 | 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 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
| Expenses1 | 0 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| All Oth Prog Rltd Investments Total | 0 | AllOthProgRltdInvestmentsTotal |
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 1584487 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 317470 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 1901957 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 1901957 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 28529 | CashDeemedCharitable |
| Net Noncharitable Assets | 1873428 | NetNoncharitableAssets |
| Minimum Investment Return | 93671 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 93671 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 3626 | TaxBasedOnInvestmentIncome |
| Total Tax | 3626 | TotalTax |
| Distributable Amount Before Adj | 90045 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 0 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 90045 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 90045 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 202016 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 202016 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 202016 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 90045 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year5 | 139059 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 143405 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 146348 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 206507 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 104934 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 740253 | TotalExcessDistriCarryover |
| Qualifying Distributions | 202016 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 90045 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 111971 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 0 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 0 | ExcessDistriCyovAppliedCY |
| Total Corpus | 852224 | TotalCorpus |
| Prior Year Undistributed Income | 0 | PriorYearUndistributedIncome |
| Prior Year Deficiency Or Tax | 0 | PriorYearDeficiencyOrTax |
| Taxable Amount1 | 0 | TaxableAmount1 |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Distri From Corpus170b1 E Or4942g3 | 0 | DistriFromCorpus170b1EOr4942g3 |
| Excess Distri Cyov From Year5 | 139059 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 713165 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 143405 | ExcessFromYear4 |
| Excess From Year3 | 146348 | ExcessFromYear3 |
| Excess From Year2 | 206507 | ExcessFromYear2 |
| Excess From Year1 | 104934 | ExcessFromYear1 |
| Excess From Current Year | 111971 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ROBERT T GALKIN | ContributingManager |
| Contributing Manager | WARREN B GALKIN | ContributingManager |
| 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 | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF WARWICK WARWICK RI | |||||||
| 42 FREDERICK ST | WARWICK | RI | 02888 | NONE | 501(c)3 | TO SUPPORT CLUB | $36,000 |
| BROWN UNIVERSITY PROVIDENCE RI | |||||||
| 45 PROSPECT ST | PROVIDENCE | RI | 02906 | NONE | 501(c)3 | TO SUPPORT UNIVERSITY | $10,000 |
| COMMUNITY PREP SCHOOL PROVIDENCE RI | |||||||
| 126 SOMERSET ST | PROVIDENCE | RI | 02907 | NONE | 501(c)3 | TO SUPPORT PREP SCHOOL | $23,200 |
| MISCELLANEOUS ORGANIZATIONS | |||||||
| VARIOUS | VARIOUS | RI | 02903 | NONE | 501(c)3 | TO SUPPORT VARIOUS NON PROFIT AGENCIES IN THE COMMUNITY.TO SUPPORT LOCAL ORGANIZATIONS | $27,316 |
| RI COLLEGE FOUNDATION | |||||||
| 600 MOUNT PLEASANT AVENUE | PROVIDENCE | RI | 02908 | NONE | 501(c)3 | TO SUPPORT FOUNDATION | $10,000 |
| UNITED WAY OF RHODE ISLAND PROVIDENCE RI | |||||||
| 50 VALLEY STREET | PROVIDENCE | RI | 02903 | NONE | 501(c)3 | TO SUPPORT CHARITIES OF UNITED WAYTO SUPPORT UNITED WAY | $35,000 |
| USS JF KENNEDY | |||||||
| PO BOX 28701 | PROVIDENCE | RI | 02908 | NONE | 501(c)3 | TO SUPPORT MISSION OF USS JF KENNEDYTO SUPPORT ORGANIZATION FUNDRAISING EFFORTS | $60,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 202016 | TotGrantOrContriPaidDuringYear |
| Tot Grant Or Contri Approved Future | 0 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $41,972 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $139,341 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | $181,313 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 181313 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType | Contributor Name IndividualContributorNameIndividual | Noncash Contribution TypeNoncashContributionType |
|---|---|---|---|---|---|---|---|---|
| NATCO HOME FASHIONS | ||||||||
| 1 | 155 BROOKSIDE AVENUE | WEST WARWICK | RI | 02893 | 150000 | X | ||
| (no name) | ||||||||
| 2 | 29 SAGE DRIVE | WARWICK | RI | 02886 | 50177 | WARREN B GALKIN | X | |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 2 | ContributorNumberFromPartI |
| Noncash Property Description | 580 SHARES OF SCHLUMBERGER | NoncashPropertyDescription |
| Fair Market Value | 50177 | FairMarketValue |
| Date Received | 2011-01-27 | DateReceived |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | Category |
| Amount | $4,000 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Oth Prog Rltd Investments AllOthProgRltdInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | N/A | Description |
| Amount | $0 | Amount |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Bond | MUTUAL FUNDS | NameOfBond |
| EOY Book Value | 54455 | EOYBookValue |
| EOYFMV | 35660 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (44 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| WELLS FARGO & CO | 18468 | 33072 |
| SIMON DEBARTOLO GROUP, INC. | 9665 | 40229 |
| GENERAL ELECTRIC CORP. | 31866 | 45527 |
| JOHNSON & JOHNSON | 25104 | 109322 |
| HOME DEPOT | 7406 | 42040 |
| INTERNATIONAL BUSINESS MACHINE | 18955 | 36776 |
| VITESSE SEMICONDUCTOR | 1331 | 50 |
| BANK OF NY | 4280 | 11269 |
| EMC CORP MASS | 2635 | 11847 |
| ENERGY CONVERSION | 31828 | 664 |
| BLACK HILLS CORP | 9072 | 10074 |
| LOWES COMPANIES INC. | 6893 | 50760 |
| HEWLETT PACKARD | 759 | 47656 |
| CHEVRON | 15897 | 47880 |
| ISHARES MSCI | 15572 | 34146 |
| IBM | 10122 | 73552 |
| LILLY ELI | 0 | 0 |
| BANK OF AMERICA | 24974 | 16914 |
| PROCTOR & GAMBLE | 1358 | 9740 |
| LOWES COMPANIES INC. | 0 | 0 |
| PROCTOR & GAMBLE | 11449 | 33355 |
| TJX COS INC. | 3094 | 32275 |
| I SHARES TRUST | 26813 | 33280 |
| SCHLUMBERGER LTD | 2549 | 62640 |
| BERKSHIRE HATHAWAY INC | 55668 | 45780 |
| GENERAL DYNAMICS CORP | 17863 | 13282 |
| MONSANTO CO | 2456 | 35035 |
| VERIZON COMMUNICATIONS INC | 34348 | 40120 |
| WALMART STORES | 23180 | 23904 |
| DR PEPPER SNAPPLE | 0 | 0 |
| DUKE ENERGY HOLDING | 18470 | 22000 |
| HEWLETT PACKARD | 215 | 13447 |
| PROCTOR & GAMBLE | 1030 | 53368 |
| FRONTIER COMMUNICATIONS | 2315 | 1236 |
| BLACK HILLS CORP | 5782 | 6716 |
| ROYCE VALUE TRUST | 48767 | 39203 |
| BP PLC | 8206 | 12822 |
| CLEAN ENERGY FUELS | 9852 | 27724 |
| FRONTIER OIL | 3619 | 59998 |
| AMGEN | 7645 | 57789 |
| COLGATE PALMOLIVE | 79 | 3787 |
| EXXON MOBIL | 0 | 0 |
| HEWLETT PACKARD | 396 | 24807 |
| JOHNSON & JOHNSON | 9351 | 50497 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (3 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| PRUDHOE BAY ROYALTY | AT COST | 57575 | 81595 |
| SCHLUMBERGER LTD | AT COST | 5628 | 39620 |
| RIGHTS SANOFI | AT COST | 2248 | 1146 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED GAIN ON CONTRIBUTION | Description |
| Amount | $44,550 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| MISCELLANEOUS EXPENSE | 254 | 0 | 0 |
| FILING FEES | 70 | 0 | 0 |
| BANK FEES | 300 | 0 | 0 |
| FEES - RELIANCE TRUST | 2000 | 0 | 0 |