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PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC (EIN 82-0568453)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-05-16
IRS object ID
201131369349100123
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)
Timestamp2011-05-16T08:57:58-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ROSEN SAPPERSTEIN & FRIEDLANDER CHRTDBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1300 RED BROOK BOULEVARD SUITE 200AddressLine1
CityOWINGS MILLSCity
StateMDState
ZIP Code21117ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN820568453EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPHILNameControl
Phone9543280324Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1750 EAST PRATT STREET NO 900AddressLine1
CityBALTIMORECity
StateMDState
ZIP Code21202ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJAMES WRIGHTName
TitlePRESIDENTTitle
Phone9543280324Phone
Date Signed2011-05-09DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameERROL G PRESSER CPAName
Phone4105810800Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Exempt PFXExemptPF
FMV Assets EOY777926FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss11657DividendsRevAndExpnss
Dividends Net Invst Incm11657DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses11657TotalRevenueAndExpenses
Total Net Investment Income11657TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Taxes Rev And Expnss415TaxesRevAndExpnss
Taxes Net Invst Incm415TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss415TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm415TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss160100ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps160100ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss160515TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm415TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps160100TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-148858ExcessOfRevenueOverExpenses
Net Investment Income11242NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY170437SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY21528SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV21528SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY658294InvestmentsCorpStockBOY
Investments Corp Stock EOY522695InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV755378InvestmentsCorpStockEOYFMV
Investments Other BOY1121InvestmentsOtherBOY
Investments Other EOY1020InvestmentsOtherEOY
Investments Other EOYFMV1020InvestmentsOtherEOYFMV
Other Assets BOY4765OtherAssetsBOY
Other Assets EOY4765OtherAssetsEOY
Other Assets EOYFMV0OtherAssetsEOYFMV
Total Assets BOY834617TotalAssetsBOY
Total Assets EOY550008TotalAssetsEOY
Total Assets EOYFMV777926TotalAssetsEOYFMV
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 BOY834617RetainedEarningsBOY
Retained Earnings EOY550008RetainedEarningsEOY
Total Net Assets BOY834617TotalNetAssetsBOY
Total Net Assets EOY550008TotalNetAssetsEOY
Total Liabilities Net Assets BOY834617TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY550008TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY834617TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-148858ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal685759Subtotal
Other Decreases135751OtherDecreases
Total Net Assets Fund Balances EOY550008TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1208250QualifyingDistributionsYear1
Noncharitable Assets Year1830833NoncharitableAssetsYear1
Distribution Ratio Year10.250652DistributionRatioYear1
Qualifying Distributions Year2212250QualifyingDistributionsYear2
Noncharitable Assets Year21153138NoncharitableAssetsYear2
Distribution Ratio Year20.184063DistributionRatioYear2
Qualifying Distributions Year3220600QualifyingDistributionsYear3
Noncharitable Assets Year31452471NoncharitableAssetsYear3
Distribution Ratio Year30.151879DistributionRatioYear3
Qualifying Distributions Year4227483QualifyingDistributionsYear4
Noncharitable Assets Year42328NoncharitableAssetsYear4
Distribution Ratio Year497.716065DistributionRatioYear4
Qualifying Distributions Year5226975QualifyingDistributionsYear5
Noncharitable Assets Year53127NoncharitableAssetsYear5
Distribution Ratio Year572.585545DistributionRatioYear5
Total Distribution Ratio170.888204TotalDistributionRatio
Average Distribution Ratio34.177641AverageDistributionRatio
Net Noncharitable Assets767516NetNoncharitableAssets
Adjusted Noncharitable Assets26231886AdjustedNoncharitableAssets
One Percent Net Investment Income112OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One26231998AdjNonchrtblAssetsAndOnePct
Qualifying Distributions160100QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax225InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal225Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income225TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment742EstTaxPaymentsAndOverpayment
Total Credits And Payments742TotalCreditsAndPayments
Overpayment517Overpayment
Amount Credited To Next Year517AmountCreditedToNextYear
Amount To Be Refunded0AmountToBeRefunded

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 Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithMDStatesFiledWith
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 Line1PHILIP E RATCLIFFEBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number4105530070BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line12613 CABOVER DRIVEAddressLine1
CityHANOVERCity
StateMDState
ZIP Code21076ZIPCode
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 (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowancesAddress Line2USAddress/AddressLine2
CAROLE R RATCLIFFE
64 ISLA BAHIA DRIVEFT LAUDERDALEFL33316PRESIDENT/SECRETARY1.00000
JAMES D WRIGHT
C/O VENABLE LLP 750 E PRATT STREETBALTIMOREMD21202VICE PRESIDENT/TREASURER1.00000SUITE 900
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 Balances101915AvgMonthlyCashBalances
FMV All Other Noncharitable Assets677289FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets779204TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets779204AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable11688CashDeemedCharitable
Net Noncharitable Assets767516NetNoncharitableAssets
Minimum Investment Return38376MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return38376MinimumInvestmentReturn
Tax Based On Investment Income225TaxBasedOnInvestmentIncome
Total Tax225TotalTax
Distributable Amount Before Adj38151DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded38151DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted38151DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions160100ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions160100QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions160100AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted38151DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year5226819ExcessDistriCarryoverYear5
Excess Distri Carryover Year4227501ExcessDistriCarryoverYear4
Excess Distri Carryover Year3152081ExcessDistriCarryoverYear3
Excess Distri Carryover Year2155008ExcessDistriCarryoverYear2
Excess Distri Carryover Year1166966ExcessDistriCarryoverYear1
Total Excess Distri Carryover928375TotalExcessDistriCarryover
Qualifying Distributions160100QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year38151AppliedToCurrentYear
Remaining Distri From Corpus121949RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus1050324TotalCorpus
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 Year5226819ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year823505ExcessDistriCyovToNextYear
Excess From Year4227501ExcessFromYear4
Excess From Year3152081ExcessFromYear3
Excess From Year2155008ExcessFromYear2
Excess From Year1166966ExcessFromYear1
Excess From Current Year121949ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameCAROLE R RATCLIFFE CO VENABLE LLCRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1750 EPRATT STREET SUITE 900AddressLine1
CityBALTIMORECity
StateMDState
ZIP Code21202ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number9543280324RecipientPhoneNumber
Form And Info And MaterialsWRITTEN LETTER REGARDING NATURE AND USE OF REQUESTED GRANT.FormAndInfoAndMaterials
Submission DeadlinesTHE FOUNDATION HAS NO SUBMISSION DEADLINES.SubmissionDeadlines
Restrictions On AwardsTHE FOUNDATION HAS NO RESTRICTIONS OR LIMITATIONS ON AWARDS.RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
ANNE ARUNDEL COMMUNITY COLLEGE
101 COLLEGE PARKWAYARNOLDMD210121895NONE501(C)(3)UNRESTRICTED USE BY RECIPIENT$50,000
BALDWIN-WALLACE COLLEGE
275 EASTLAND ROADBEREAOH44017NONE501(C)(3)UNRESTRICTED USE BY RECIPIENT$10,000
MIAMI CORE
PO BOX 248073CORAL GABLESFL331241210NONE501(C)(3)UNRESTRICTED USE BY RECIPIENT$100,000
CHESAPEAKE CENTER FOR YOUTH DEVELOPMENT
301 EAST PATAPSCO AVENUEBALTIMOREMD21225NONE501(C)(3)UNRESTRICTED USE BY RECIPIENT$100
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year160100TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$11,657ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$11,657ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA11657TotalPartXVIA

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockMARKETABLE SECURITIESNameOfStock
EOY Book Value522695EOYBookValue
EOYFMV755378EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemDIVIDENDS RECEIVABLECategoryOrItem
Listed At Cost Or FMVFMVListedAtCostOrFMV
Book Value1020BookValue
EOYFMV1020EOYFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionORGANIZATION EXPENSESDescription
BOY Book Value4765BOYBookValue
EOY Book Value4765EOYBookValue
EOYFMV0EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionUNREALIZED LOSS ON SECURITIESDescription
Amount$135,751Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES WITHHELDCategory
Amount$415Amount
Net Investment Income415NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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