CHARLES DICROCE FAM FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CHARLES DICROCE FAM FOUNDATION (EIN 04-6974299)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-11
- IRS object ID
- 201103159349100200
- Schema version
- 2010v3.4
- 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
- Accounting Fees Schedule
- Compensation Explanation
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-11T07:19:05-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAN CLASBY & COMPANY | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CUMMINGS CENTER SUITE 238C | AddressLine1 |
| City | BEVERLY | City |
| State | MA | State |
| ZIP Code | 01915 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046974299 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLES DICROCE FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHAR | NameControl |
| Phone | 5617467819 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19850 BEACH ROAD UNIT 4A | AddressLine1 |
| City | TEQUESTA | City |
| State | FL | State |
| ZIP Code | 33469 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHARLES DICROCE | Name |
| Title | TRUSTEE | Title |
| Phone | 5617467819 | Phone |
| Date Signed | 2011-11-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL E CLASBY | Name |
| Phone | 9789229900 | Phone |
| Date Prepared | 2011-11-11 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 288434 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 13739 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 12924 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 13739 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | -172960 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 475803 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 85 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | -159221 | TotalRevenueAndExpenses |
| Total Net Investment Income | 13009 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 13739 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 175 | AccountingFeesRevAndExpnss |
| Taxes Rev And Expnss | 18 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 193 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 17500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 17500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 17693 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 17500 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -176914 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 13009 | NetInvestmentIncome |
| Adjusted Net Income | 13739 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 2565 | CashBOY |
| Cash EOY | 4840 | CashEOY |
| Cash EOYFMV | 4840 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 18730 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 16455 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 16455 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 444053 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 267139 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 267139 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 465348 | TotalAssetsBOY |
| Total Assets EOY | 288434 | TotalAssetsEOY |
| Total Assets EOYFMV | 288434 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 465348 | UnrestrictedBOY |
| Unrestricted EOY | 288434 | UnrestrictedEOY |
| Total Net Assets BOY | 465348 | TotalNetAssetsBOY |
| Total Net Assets EOY | 288434 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 465348 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 288434 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 465348 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -176914 | ExcessOfRevenueOverExpenses |
| Subtotal | 288434 | Subtotal |
| Total Net Assets Fund Balances EOY | 288434 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 85 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 18500 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 370791 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.049893 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 19000 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 505305 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.037601 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 100586 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 644075 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.156171 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 107590 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 727928 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.147803 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 102000 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 797564 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.127889 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.519357 | TotalDistributionRatio |
| Average Distribution Ratio | 0.103871 | AverageDistributionRatio |
| Net Noncharitable Assets | 298455 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 31001 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 130 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 31131 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 17500 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 260 | InvestmentIncomeExciseTax |
| Subtotal | 260 | Subtotal |
| Tax Based On Investment Income | 260 | TaxBasedOnInvestmentIncome |
| Tax Due | 260 | 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 |
| States Filed With | MA | StatesFiledWith |
| 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 | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | CHARLES DICROCE | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9785355555 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19850 BEACH ROAD UNIT 4A | AddressLine1 |
| City | TEQUESTA | City |
| State | FL | State |
| ZIP Code | 33469 | ZIPCode |
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 |
| 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 |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | CHARLES DICROCE | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19850 BEACH ROAD UNIT 4A | AddressLine1 |
| City | TEQUESTA | City |
| State | FL | State |
| ZIP Code | 33469 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | Title |
| Avg Hours Per Wk Devoted To Position | 10.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| Contri To Empl Benefit Plans Etc | 0 | ContriToEmplBenefitPlansEtc |
| Expense Account Other Allowances | 0 | ExpenseAccountOtherAllowances |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THIS ORGANIZATION DISTRIBUTES GRANTS TO 501(C)(3) ORGANIZATIONS. DURING 2010, THESE GRANTS TOTALLED 17,500 TO DIFFERENT ORGANIZATIONS. | Description1 |
| Expenses1 | 17500 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 300000 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 3000 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 303000 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 303000 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 4545 | CashDeemedCharitable |
| Net Noncharitable Assets | 298455 | NetNoncharitableAssets |
| Minimum Investment Return | 14923 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 14923 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 260 | TaxBasedOnInvestmentIncome |
| Total Tax | 260 | TotalTax |
| Distributable Amount Before Adj | 14663 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 14663 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 14663 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 17500 | ExpensesAndContributions |
| Qualifying Distributions | 17500 | QualifyingDistributions |
| Adj Qualifying Distributions | 17500 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 14663 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 62362 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 71514 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 101414 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year1 | 173 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 235463 | TotalExcessDistriCarryover |
| Qualifying Distributions | 17500 | QualifyingDistributions |
| Applied To Current Year | 14663 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 2837 | RemainingDistriFromCorpus |
| Total Corpus | 238300 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 62362 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 175938 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 71514 | ExcessFromYear4 |
| Excess From Year3 | 101414 | ExcessFromYear3 |
| Excess From Year1 | 173 | ExcessFromYear1 |
| Excess From Current Year | 2837 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| MERRIMACK COLLEGE | |||||||
| ROUTE 114 | ANDOVER | MA | 01919 | NONE | 501(C)(3) | GRANTS | $10,000 |
| THE JOEY FUND | |||||||
| BOSTON | BOSTON | MA | 02110 | NONE | 501(C)(3) | MADE TO | $1,000 |
| CATHOLIC CHARITIES | |||||||
| MARGIN STREET | PEABODY | MA | 01960 | NONE | 501(C)(3) | SO THAT THEY MAY | $500 |
| MASS GENERAL FOUNDATION | |||||||
| TREMONT STREET | BOSTON | MA | 02110 | NONE | 501(C)(3) | FURTHER THEIR | $5,000 |
| JUPITER MEDICAL CTR | |||||||
| JUPITER | JUPITER | FL | 33469 | NONE | 501(C)(3) | CHARITABLE PURPOSE | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 17500 | 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 | $13,739 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $85 | ExclusionAmount |
| Related Or Exempt Function Income | -173045 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $13,824 | ExclusionAmount |
| Related Or Exempt Function Income | -173045 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -159221 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $175 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | CHARLES DICROCE | PersonName |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (3 entries)
| NameName | Date AcquiredDateAcquired | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|---|---|---|
| GOLDMAN SACHS GROWTH STRATEGY | 2009-12 | PURCHASE | 2010-03 | 11092 | 10609 | 483 |
| ISHARES BARCLAYS US AGGREGATE | 2010-03 | PURCHASE | 2010-05 | 20867 | 21121 | -254 |
| GOLDMAN SACHS GROWTH STRATEGY | 2007-12 | PURCHASE | 2010-03 | 443759 | 617033 | -173274 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | EQUITIES | NameOfStock |
| EOY Book Value | 267139 | EOYBookValue |
| EOYFMV | 267139 | EOYFMV |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT TAXES/LICENSES | Category |
| Amount | $18 | Amount |