SAMUEL J PAPARONE FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SAMUEL J PAPARONE FOUNDATION INC (EIN 22-3552785)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-05-16
IRS object ID: 201131369349101433
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
Accounting Fees Schedule
Other Decreases Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-16T12:41:05-07:00	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	LISA A PAPARONE CFP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	83 PARRY DR	AddressLine1
City	HAINESPORT	City
State	NJ	State
ZIP Code	08036	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	223552785	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SAMUEL J PAPARONE FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SAMU	NameControl
Phone	6095181586	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	83 PARRY DRIVE	AddressLine1
City	HAINESPORT	City
State	NJ	State
ZIP Code	08036	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LISA PAPARONE SHALLOW	Name
Title	TREASURER	Title
Phone	6095181586	Phone
Date Signed	2011-05-16	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LISA A PAPARONE CFP	Name
Phone	6095181586	Phone
Date Prepared	2011-05-16	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	95430	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	5166	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	5166	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	5166	InterestOnSavingsAdjNetIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	5166	TotalRevenueAndExpenses
Total Net Investment Income	5166	TotalNetInvestmentIncome
Total Adjusted Net Income	5166	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	500	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	500	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	500	AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps	500	AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss	120	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	120	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	120	OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps	120	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	620	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	620	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	620	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	620	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	8000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	8000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	8620	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	620	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	620	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	8620	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-3454	ExcessOfRevenueOverExpenses
Net Investment Income	4546	NetInvestmentIncome
Adjusted Net Income	4546	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	103560	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	100048	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	95430	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	103560	TotalAssetsBOY
Total Assets EOY	100048	TotalAssetsEOY
Total Assets EOYFMV	95430	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	103560	CapitalStockBOY
Capital Stock EOY	100048	CapitalStockEOY
Total Net Assets BOY	103560	TotalNetAssetsBOY
Total Net Assets EOY	100048	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	103560	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	100048	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	103560	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-3454	ExcessOfRevenueOverExpenses
Subtotal	100106	Subtotal
Other Decreases	58	OtherDecreases
Total Net Assets Fund Balances EOY	100048	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	8562	QualifyingDistributionsYear1
Noncharitable Assets Year1	82522	NoncharitableAssetsYear1
Distribution Ratio Year1	0.103754	DistributionRatioYear1
Qualifying Distributions Year2	8558	QualifyingDistributionsYear2
Noncharitable Assets Year2	98753	NoncharitableAssetsYear2
Distribution Ratio Year2	0.086661	DistributionRatioYear2
Qualifying Distributions Year3	8592	QualifyingDistributionsYear3
Noncharitable Assets Year3	110624	NoncharitableAssetsYear3
Distribution Ratio Year3	0.077669	DistributionRatioYear3
Qualifying Distributions Year4	8780	QualifyingDistributionsYear4
Noncharitable Assets Year4	112683	NoncharitableAssetsYear4
Distribution Ratio Year4	0.077918	DistributionRatioYear4
Qualifying Distributions Year5	8732	QualifyingDistributionsYear5
Noncharitable Assets Year5	118298	NoncharitableAssetsYear5
Distribution Ratio Year5	0.073814	DistributionRatioYear5
Total Distribution Ratio	0.419816	TotalDistributionRatio
Average Distribution Ratio	0.083963	AverageDistributionRatio
Net Noncharitable Assets	91993	NetNoncharitableAssets
Adjusted Noncharitable Assets	7724	AdjustedNoncharitableAssets
One Percent Net Investment Income	45	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	7769	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	8620	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	45	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	45	Subtotal
Tax Based On Investment Income	45	TaxBasedOnInvestmentIncome
Tax Paid Original Return	0	TaxPaidOriginalReturn
Tax Due	45	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
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	LISA A PAPARONE	BooksInCareOfPersonName
Books In Care Of Phone Number	6095181586	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	83 PARRY DRIVE	AddressLine1
City	HAINESPORT	City
State	NJ	State
ZIP Code	08036	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
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 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
KATHARINA PAPARONE
CORP ADDRESS	HAINESPORT	NJ	08036	president	0.25	0	0	0
LESLIE PAPARONE
CORP ADDRESS	HAINESPORT	NJ	08036	Secretary	0.25	0	0	0
BRUCE PAPARONE
CORP ADDRESS	HAINESPORT	NJ	08036	VP	0.25	0	0	0
LISA PAPARONE SHALLOW
CORP ADDRESS	HAINESPORT	NJ	08036	Treasurer	2.00	500	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

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	93394	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	93394	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	93394	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	1401	CashDeemedCharitable
Net Noncharitable Assets	91993	NetNoncharitableAssets
Minimum Investment Return	4600	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	4600	MinimumInvestmentReturn
Tax Based On Investment Income	45	TaxBasedOnInvestmentIncome
Total Tax	45	TotalTax
Distributable Amount Before Adj	4555	DistributableAmountBeforeAdj
Distributable Amount Before Ded	4555	DistributableAmountBeforeDed
Distributable Amount As Adjusted	4555	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	8620	ExpensesAndContributions
Qualifying Distributions	8620	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	45	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	8575	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	4555	DistributableAmountAsAdjusted
Undistributed Income Prior Year	4068	UndistributedIncomePriorYear
Excess Distri Carryover Year5	8785	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	8835	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	8640	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	8615	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	8620	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	43495	TotalExcessDistriCarryover
Qualifying Distributions	8620	QualifyingDistributions
Remaining Distri From Corpus	8620	RemainingDistriFromCorpus
Total Corpus	52115	TotalCorpus
Taxable Amount2	4068	TaxableAmount2
Undistributed Income CY	4555	UndistributedIncomeCY
Excess Distri Cyov From Year5	8785	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	43330	ExcessDistriCyovToNextYear
Excess From Year4	8835	ExcessFromYear4
Excess From Year3	8640	ExcessFromYear3
Excess From Year2	8615	ExcessFromYear2
Excess From Year1	8620	ExcessFromYear1
Excess From Current Year	8620	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	NA	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	N/A	AddressLine1
City	NA	City
State	NJ	State
ZIP Code	08036	ZIPCode

Field	Value	IRS element (for citing)
Form And Info And Materials	N/A	FormAndInfoAndMaterials
Submission Deadlines	N/A	SubmissionDeadlines
Restrictions On Awards	N/A	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
URBAN PROMISE MINISTRIES
PO BOX 1479	CAMDEN	NJ	08105	public charity	unrestricted	$5,000
BROOKFIELD ACADEMY
1009 BERLIN RD	CHERRY HILL	NJ	08034	public charity	unrestricted	$3,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	8000	TotGrantOrContriPaidDuringYear

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	Lisa A. Paparone accounting	Category
Amount	$500	Amount

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	Sec 4940 tax	Description
Amount	$58	Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
bank & account fees	95	95	95	95
NJ Annual Report fee	25	25	25	25