RICHARD DESICH FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: RICHARD DESICH FOUNDATION (EIN 26-4308958)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-05-12
IRS object ID: 201121329349100747
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
Form 990-PF
Schedule B
General Explanation Attachment
Investments Other Schedule2
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-12T10:52:18-00:00	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	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	55 Walls Drive	AddressLine1
City	Fairfield	City
State	CT	State
ZIP Code	06824	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	264308958	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Richard Desich Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	RICH	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	c/o Foundation Source 501 Silversid	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Richard Desich	Name
Title	President	Title
Date Signed	2011-05-12	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2011-05-12	DatePrepared

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	519138	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	964907	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	249	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	249	InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	965156	TotalRevenueAndExpenses
Total Net Investment Income	249	TotalNetInvestmentIncome
Other Expenses Rev And Expnss	599492	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	2546	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	599492	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	2546	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	0	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	0	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	599492	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	2546	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	365664	ExcessOfRevenueOverExpenses
Net Investment Income	249	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	1489	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	3983	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	3983	SavingsAndTempCashInvstEOYFMV
Investments Other BOY	636802	InvestmentsOtherBOY
Investments Other EOY	999972	InvestmentsOtherEOY
Investments Other EOYFMV	515155	InvestmentsOtherEOYFMV
Total Assets BOY	638291	TotalAssetsBOY
Total Assets EOY	1003955	TotalAssetsEOY
Total Assets EOYFMV	519138	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	638291	RetainedEarningsBOY
Retained Earnings EOY	1003955	RetainedEarningsEOY
Total Net Assets BOY	638291	TotalNetAssetsBOY
Total Net Assets EOY	1003955	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	638291	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1003955	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	638291	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	365664	ExcessOfRevenueOverExpenses
Subtotal	1003955	Subtotal
Total Net Assets Fund Balances EOY	1003955	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	6683	QualifyingDistributionsYear1
Noncharitable Assets Year1	1873	NoncharitableAssetsYear1
Distribution Ratio Year1	003.568073	DistributionRatioYear1
Total Distribution Ratio	003.568073	TotalDistributionRatio
Average Distribution Ratio	003.568073	AverageDistributionRatio
Net Noncharitable Assets	512231	NetNoncharitableAssets
Adjusted Noncharitable Assets	1827678	AdjustedNoncharitableAssets
One Percent Net Investment Income	2	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	1827680	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	2546	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	5	InvestmentIncomeExciseTax
Subtotal	5	Subtotal
Tax Based On Investment Income	5	TaxBasedOnInvestmentIncome
Tax Due	5	TaxDue

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	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	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
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	true	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	Richard Desich	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	c/o Foundation Source 501 Silversid	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	19809	ZIPCode

Field	Value	IRS element (for citing)
Title	President / Director / Secretary	Title
Avg Hours Per Wk Devoted To Position	001.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	4876	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	515155	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	520031	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	520031	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	7800	CashDeemedCharitable
Net Noncharitable Assets	512231	NetNoncharitableAssets
Minimum Investment Return	25612	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	25612	MinimumInvestmentReturn
Tax Based On Investment Income	5	TaxBasedOnInvestmentIncome
Total Tax	5	TotalTax
Distributable Amount Before Adj	25607	DistributableAmountBeforeAdj
Distributable Amount Before Ded	25607	DistributableAmountBeforeDed
Distributable Amount As Adjusted	25607	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	2546	ExpensesAndContributions
Qualifying Distributions	2546	QualifyingDistributions
Adj Qualifying Distributions	2546	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	25607	DistributableAmountAsAdjusted
Excess Distri Carryover Year1	6602	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	6602	TotalExcessDistriCarryover
Qualifying Distributions	2546	QualifyingDistributions
Applied To Current Year	2546	AppliedToCurrentYear
Excess Distri Cyov App CY Corpus	6602	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	6602	ExcessDistriCyovAppliedCY
Undistributed Income CY	16459	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	Richard Desich	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$249	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$249	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	249	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	0001	ContributorNumber
Contributor Name Individual	Desich Richard	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	12110 Sunnydale Dr	AddressLine1
City	Wellington	City
State	FL	State
ZIP Code	33414	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	964907	AggregateContributions
Person Contribution Type	X	PersonContributionType

General Explanation Attachment GeneralExplanationAttachment

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

Field	Value	IRS element (for citing)
Category Or Item	PACIFIC LIFE - POLICY VF51918560 - CASH VALUE	CategoryOrItem
Book Value	999972	BookValue
EOYFMV	515155	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
Administrative Fees	2546	2546
Life insurance premium payments	596946

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