PAUL AND DANA MAGNO FAMILY FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PAUL AND DANA MAGNO FAMILY FOUNDATION INC (EIN 27-0755271)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-12-12
- IRS object ID
- 201133469349100203
- 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
- Expln Of Non Filing With AG Stmt
- Other Assets Schedule
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-12-12T10:51:03-08:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Maida Mackler LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 139A Old Trenton Rd | AddressLine1 |
| City | Cranbury | City |
| State | NJ | State |
| ZIP Code | 08512 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270755271 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Paul and Dana Magno Family Foundatio | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PAUL | NameControl |
| Phone | 6098826874 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 855 Parkway Avenue | AddressLine1 |
| City | Trenton | City |
| State | NJ | State |
| ZIP Code | 08618 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dana Magno | Name |
| Title | Trustee | Title |
| Date Signed | 2011-12-12 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Sharon Thorp CPA MBA | Name |
| Phone | 6098826874 | Phone |
| 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 | 194716 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 100000 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 4407 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 4407 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 478 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 15478 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 478 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 104885 | TotalRevenueAndExpenses |
| Total Net Investment Income | 4885 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 1800 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 1800 | AccountingFeesNetInvstIncm |
| Deprec And Depletion Rev And Expnss | 0 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 2358 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 2358 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 4158 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 4158 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 6750 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 6750 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 10908 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 4158 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 6750 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 93977 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 727 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 96351 | CashBOY |
| Cash EOY | 46687 | CashEOY |
| Cash EOYFMV | 47187 | CashEOYFMV |
| Savings And Temp Cash Invst EOY | 143640 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 147529 | SavingsAndTempCashInvstEOYFMV |
| Other Assets EOY | 1 | OtherAssetsEOY |
| Total Assets BOY | 96351 | TotalAssetsBOY |
| Total Assets EOY | 190328 | TotalAssetsEOY |
| Total Assets EOYFMV | 194716 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 96351 | RetainedEarningsBOY |
| Retained Earnings EOY | 190328 | RetainedEarningsEOY |
| Total Net Assets BOY | 96351 | TotalNetAssetsBOY |
| Total Net Assets EOY | 190328 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 96351 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 190328 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 96351 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 93977 | ExcessOfRevenueOverExpenses |
| Subtotal | 190328 | Subtotal |
| Total Net Assets Fund Balances EOY | 190328 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 478 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 478 | NetShortTermCapitalGainOrLoss |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 15 | InvestmentIncomeExciseTax |
| Subtotal | 15 | Subtotal |
| Tax Based On Investment Income | 15 | TaxBasedOnInvestmentIncome |
| Tax Due | 15 | 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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | false | 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 Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dana L Magno | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 6098826874 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 855 Parkway Ave | AddressLine1 |
| City | Ewing | City |
| State | NJ | State |
| ZIP Code | 08618 | 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 |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| 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 |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| James Maida | ||||||
| 855 Parkway Avenue | Ewing | NJ | 08618 | Trustee | 0.00 | 0 |
| Paul J Magno | ||||||
| 855 Parkway Avenue | Ewing | NJ | 08618 | Trustee | 0.00 | 0 |
| Dana Magno | ||||||
| 855 Parkway Avenue | Ewing | NJ | 08618 | Trustee | 0.00 | 0 |
| 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 | Faith Lutheran Church | Description1 |
| Expenses1 | 1500 | Expenses1 |
| Description2 | Christian Brothers Academy | Description2 |
| Expenses2 | 1350 | Expenses2 |
| Description3 | Monmouth Medical Center | Description3 |
| Expenses3 | 1000 | Expenses3 |
| Description4 | Toms River Football Club | Description4 |
| Expenses4 | 500 | Expenses4 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 47187 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 194714 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 241901 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 241901 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 3629 | CashDeemedCharitable |
| Net Noncharitable Assets | 238272 | NetNoncharitableAssets |
| Minimum Investment Return | 11914 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 11914 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 15 | TaxBasedOnInvestmentIncome |
| Total Tax | 15 | TotalTax |
| Distributable Amount Before Adj | 11899 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 11899 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 11899 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 6750 | ExpensesAndContributions |
| Qualifying Distributions | 6750 | QualifyingDistributions |
| Adj Qualifying Distributions | 6750 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 11899 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 3295 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 3295 | TotalExcessDistriCarryover |
| Qualifying Distributions | 6750 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 6750 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 3295 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 3295 | ExcessDistriCyovAppliedCY |
| Undistributed Income CY | 1854 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Paul J Magno | ContributingManager |
| Contributing Manager | Dana Magno | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (17 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| Monmouth Medical Center Foundation | ||||||
| 300 Second Avenue | Long Branch | NJ | 07740 | Public | Health | $1,000 |
| Susan G Komen For The Cure | ||||||
| P O Box 650309 | Dallas | TX | 75265 | Public | Health | $300 |
| American Cancer Society | ||||||
| PO Box 22718 | Oklahoma City | OK | 73123 | Public | Health | $200 |
| Save Barnegat Bay | ||||||
| 906-B Grand Central Ave | Lavallette | NJ | 08735 | Public | Wildlife Preservation | $200 |
| Lavallette Volunteer First Aid Squa | ||||||
| Po Box 334 | Lavallette | NJ | 08735 | Public | Health | $200 |
| Lavallette PBA Local 372 | ||||||
| 1300 Grand Central Avenue | Lavallette | NJ | 08735 | Public | Crime Prevention | $200 |
| Lavallette Fire Company | ||||||
| 125 Washington Avenue Po Box 267 | Lavallette | NJ | 08735 | Public | Fire Prevention | $200 |
| March of Dimes NJ Chapter | ||||||
| 5 Cedar Brook Drive | Cranbury | NJ | 08512 | Public | Health | $50 |
| Toms River FC | ||||||
| PO Box 1562 | Toms River | NJ | 08754 | Public | Commuinty | $500 |
| Toms River Animal Facilty | ||||||
| 2201 Whitesville Road | Toms River | NJ | 08755 | Public | Animal Cruelty Prevention | $50 |
| Popcorn Park Zoo | ||||||
| 1 Humane Way | Forked River | NJ | 08731 | Public | Animal Cruelty Prevention | $50 |
| Maternal Wings Charity | ||||||
| 780 RT 37 West | Toms River | NJ | 08755 | Public | Health | $150 |
| Donald T Saunders Memorial Scholars | ||||||
| Rutgers University 65 Division St | Piscataway | NJ | 08854 | Public | Scholarship | $150 |
| Christian Brothers Acedemy | ||||||
| 850 Newman Springs Road | Lincroft | NJ | 07738 | Public | Scholarship | $1,350 |
| Point Pleas Beach Public Education | ||||||
| 299 Cooks Lane | Point Pleasant Beach | NJ | 08742 | Public | Scholarship | $500 |
| Faith Luthern Church | ||||||
| 1801 Grand Central Avenue | Lavallette | NJ | 08735 | Public | Religious | $1,500 |
| Yampa River Botanic Park | ||||||
| 1000 Pamela Lane | Steamboat Springs | CO | 80487 | Public | Park | $150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 6750 | 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 | $4,407 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 478 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,407 | ExclusionAmount |
| Related Or Exempt Function Income | 478 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 4885 | 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 | Legal & Accounting | Category |
| Amount | $1,800 | Amount |
| Net Investment Income | 1800 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Statement | Not a registered Charity | Statement |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Rounding | Description |
| EOY Book Value | 1 | EOYBookValue |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Filing Fee IRS | 850 | 850 |
| Bank Fees | 1508 | 1508 |
Comments