FRANK AND VICTORIA RICH FAMILY FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
FRANK AND VICTORIA RICH FAMILY FOUNDATION INC (EIN 26-1948060)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-05-11
IRS object ID
201101319349101000
Schema version
2010v3.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-05-11T08:26:04-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

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 Date2010-01-01TaxPeriodBeginDate

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 Signed2011-04-28DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameEDWARD J HALE CPAName
Phone6093838299Phone
Date Prepared2011-04-28DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY22852FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss10000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss8InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm8InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses10008TotalRevenueAndExpenses
Total Net Investment Income8TotalNetInvestmentIncome
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 Expnss180OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss180TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss8800ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps8800ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss8980TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps8800TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses1028ExcessOfRevenueOverExpenses
Net Investment Income8NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY21824CashBOY
Cash EOY22852CashEOY
Cash EOYFMV22852CashEOYFMV
Total Assets BOY21824TotalAssetsBOY
Total Assets EOY22852TotalAssetsEOY
Total Assets EOYFMV22852TotalAssetsEOYFMV
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 BOY21824RetainedEarningsBOY
Retained Earnings EOY22852RetainedEarningsEOY
Total Net Assets BOY21824TotalNetAssetsBOY
Total Net Assets EOY22852TotalNetAssetsEOY
Total Liabilities Net Assets BOY21824TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY22852TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY21824TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses1028ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal22852Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY22852TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year15640QualifyingDistributionsYear1
Noncharitable Assets Year119420NoncharitableAssetsYear1
Distribution Ratio Year10.290422DistributionRatioYear1
Qualifying Distributions Year22250QualifyingDistributionsYear2
Noncharitable Assets Year28672NoncharitableAssetsYear2
Distribution Ratio Year20.259456DistributionRatioYear2
Total Distribution Ratio0.549878TotalDistributionRatio
Average Distribution Ratio0.274939AverageDistributionRatio
Net Noncharitable Assets18784NetNoncharitableAssets
Adjusted Noncharitable Assets5164AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One5164AdjNonchrtblAssetsAndOnePct
Qualifying Distributions8800QualifyingDistributions

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 Balances19070AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets19070TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets19070AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable286CashDeemedCharitable
Net Noncharitable Assets18784NetNoncharitableAssets
Minimum Investment Return939MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return939MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj939DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded939DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted939DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions8800ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions8800QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions8800AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted939DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year21816ExcessDistriCarryoverYear2
Excess Distri Carryover Year14669ExcessDistriCarryoverYear1
Total Excess Distri Carryover6485TotalExcessDistriCarryover
Qualifying Distributions8800QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year939AppliedToCurrentYear
Remaining Distri From Corpus7861RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus14346TotalCorpus
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 Year14346ExcessDistriCyovToNextYear
Excess From Year21816ExcessFromYear2
Excess From Year14669ExcessFromYear1
Excess From Current Year7861ExcessFromCurrentYear

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 (12 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
ALZHEIMER'S ASSOCIATION DELAWARE VALLEY CHAPTER
399 MARKET ST SUITE 102PHILADELPHIAPA19106NONETAX EXEMPTCHARITABLE$250
THE ALCOVE
950 TILTON ROAD SUITE 108NORTHFIELDNJ08225NONETAX EXEMPTCHARITABLE$100
THE GARY CARTER FOUNDATION
580 VILLAGE BLVD SUITE 315WEST PALM BEACHFL33409NONETAX EXEMPTCHARITABLE$500
THOMAS JEFFERSON UNIVERSITY FOUNDATION
925 CHESTNUT STPHILADELPHIAPA19107NONETAX EXEMPTCHARITABLE$5,000
HOLY SPIRIT HIGH SCHOOL
NEW ROADABSECONNJ08201NONETAX EXEMPTCHARITABLE$500
OUR LADY STAR OF THE SEA
CALIFORNIA AND ATLANTIC AVESATLANTIC CITYNJ08401NONETAX EXEMPTCHARITABLE$250
ST BERNADETTES
1421 NEW ROADNORTHFIELDNJ08225NONETAX EXEMPTCHARITABLE$500
ST NICHOLAS OF TOLENTINE
TENNESSEE AND PACIFIC AVESATLANTIC CITYNJ08401NONETAX EXEMPTCHARITABLE$500
ST GIANNA BERETTA MOLLA
1421 NEW ROADNORTHFIELDNJ08225NONETAX EXEMPTCHARITABLE$500
PROSTATE CANCER FOUNDATION
1250 FOURTH STREETSANTA MONICACA90401NONETAX EXEMPTCHARITABLE$100
AC BOYS AND GIRLS CLUB
317 N PENNSYLVANIA AVEATLANTIC CITYNJ08401NONETAX EXEMPTCHARITABLE$500
FRIENDS OF TOM LETRONE
2000 SHORE ROADLINWOODNJ08221NONETAX EXEMPTCHARITABLE$100
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year8800TotGrantOrContriPaidDuringYear
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 Income8RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$0ExclusionAmount
Related Or Exempt Function Income8RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA8TotalPartXVIA

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 Contributions10000AggregateContributions
Person Contribution TypeXPersonContributionType

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
BANK CHARGES15000
FEES & LICENSES3000

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