DIACO FAMILY FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- DIACO FAMILY FOUNDATION INC (EIN 22-3763549)
- Tax period
- 2010-10-01 to 2011-09-30
- Filed
- 2011-12-01
- IRS object ID
- 201133359349100603
- 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
- Schedule B
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-12-01T09:13:05-06:00 | Timestamp |
| Tax Period End Date | 2011-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bederson & Company LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 Northfield Avenue | AddressLine1 |
| City | West Orange | City |
| State | NJ | State |
| ZIP Code | 070523003 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223763549 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIACO FAMILY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DIAC | NameControl |
| Phone | 9734847300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10-12 NO 7TH STREET | AddressLine1 |
| City | BELLEVILLE | City |
| State | NJ | State |
| ZIP Code | 07109 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANK DIACO | Name |
| Title | VICE PRESIDENT | Title |
| Phone | 9734847300 | Phone |
| Date Signed | 2011-11-28 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Mark A Mazza | Name |
| Phone | 9737363333 | 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 | 6517504 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 830000 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 109768 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 109768 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | -125019 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 3859240 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 814749 | TotalRevenueAndExpenses |
| Total Net Investment Income | 109768 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 60000 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 30000 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 30000 | CompOfcrDirTrstDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 14263 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 14263 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 0 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 378 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 0 | TaxesNetInvstIncm |
| Taxes Dsbrs Chrtbl Prps | 0 | TaxesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 165 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 165 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 0 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 74806 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 44428 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 30000 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 305000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 305000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 379806 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 44428 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 335000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 434943 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 65340 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 3892229 | CashBOY |
| Cash EOY | 3244757 | CashEOY |
| Cash EOYFMV | 3244757 | CashEOYFMV |
| Investments Corp Stock BOY | 2162854 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 3245269 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 3219335 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 50765 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 50765 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 53412 | InvestmentsCorpBondsEOYFMV |
| Total Assets BOY | 6105848 | TotalAssetsBOY |
| Total Assets EOY | 6540791 | TotalAssetsEOY |
| Total Assets EOYFMV | 6517504 | TotalAssetsEOYFMV |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 0 | CapitalStockBOY |
| Capital Stock EOY | 0 | CapitalStockEOY |
| Paid In Or Capital Surplus BOY | 0 | PaidInOrCapitalSurplusBOY |
| Paid In Or Capital Surplus EOY | 0 | PaidInOrCapitalSurplusEOY |
| Retained Earnings BOY | 6105848 | RetainedEarningsBOY |
| Retained Earnings EOY | 6540791 | RetainedEarningsEOY |
| Total Net Assets BOY | 6105848 | TotalNetAssetsBOY |
| Total Net Assets EOY | 6540791 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 6105848 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 6540791 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 6105848 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 434943 | ExcessOfRevenueOverExpenses |
| Other Increases | 0 | OtherIncreases |
| Subtotal | 6540791 | Subtotal |
| Other Decreases | 0 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 6540791 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (33 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|
| AT & T | P | 2011-08-08 | 227996 | 209666 | 18330 | 18330 |
| ABBOTT LABS | P | 2011-08-08 | 97320 | 103890 | -6570 | -6570 |
| APPLIED MATERIALS | P | 2011-08-01 | 109888 | 107361 | 2527 | 2527 |
| BANK OF AMERICA | P | 2011-08-01 | 117478 | 160310 | -42832 | -42832 |
| BECTON DICKERSON | P | 2011-08-08 | 109590 | 107451 | 2139 | 2139 |
| BHP BILLITON | P | 2011-08-01 | 90614 | 103091 | -12477 | -12477 |
| CISCO SYSTEMS | P | 2011-08-01 | 67388 | 99714 | -32326 | -32326 |
| CITIGROUP | P | 2011-08-08 | 134727 | 148755 | -14028 | -14028 |
| COMCAST CO | P | 2011-08-08 | 118493 | 108243 | 10250 | 10250 |
| EXELON CORP | P | 2011-08-08 | 94208 | 101655 | -7447 | -7447 |
| FORD MOTOR CORP | P | 2011-08-08 | 80718 | 107992 | -27274 | -27274 |
| GENERAL ELECTRIC | P | 2011-08-08 | 331794 | 273751 | 58043 | 58043 |
| INTEL CORP | P | 2011-08-01 | 110198 | 97243 | 12955 | 12955 |
| JOHNSON & JOHNSON | P | 2011-08-08 | 99249 | 102337 | -3088 | -3088 |
| JP MORGAN CHASE | P | 2011-08-08 | 101026 | 93925 | 7101 | 7101 |
| MARTIN MARIETTA MATERIAL | P | 2011-08-08 | 92608 | 109481 | -16873 | -16873 |
| MICROSOFT CO | P | 2011-08-08 | 100002 | 100676 | -674 | -674 |
| PEPSICO INC | P | 2011-08-08 | 193259 | 173118 | 20141 | 20141 |
| PFIZER INC | P | 2011-08-08 | 109676 | 101957 | 7719 | 7719 |
| PROCTER & GAMBLE | P | 2011-08-08 | 97599 | 101199 | -3600 | -3600 |
| SAFEWAY INC | P | 2011-08-08 | 83338 | 99087 | -15749 | -15749 |
| CHARLES SCHWAB CO | P | 2011-08-01 | 99962 | 98810 | 1152 | 1152 |
| VERIZON COMM | P | 2011-08-08 | 101911 | 97501 | 4410 | 4410 |
| WAL-MART STORES | P | 2011-08-08 | 402314 | 428624 | -26310 | -26310 |
| PIMCO ALL ASSET | P | 2010-10-20 | 10408 | 9528 | 880 | 880 |
| RUSSELL GROWTH STRG | P | 2010-10-20 | 207957 | 239105 | -31148 | -31148 |
| VIRTUS ALPHASECTOR | P | 2010-10-20 | 2182 | 1991 | 191 | 191 |
| DUKE REALTY | P | 2010-01-20 | 4157 | 4375 | -218 | -218 |
| LORD ABBETT CLASSIC | P | 2010-10-20 | 11104 | 11719 | -615 | -615 |
| PIMCO ALL ASSET | P | 2010-10-20 | 116748 | 121403 | -4655 | -4655 |
| VIACOM INC | P | 2010-10-20 | 19397 | 19000 | 397 | 397 |
| VIRTUS ALPHASECTOR | P | 2010-10-20 | 114170 | 124716 | -10546 | -10546 |
| RUSSELL GROWTH STRG | P | 2010-10-20 | 201761 | 216585 | -14824 | -14824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -125019 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 293972 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 5829868 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | .050425 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 150000 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 3161183 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | .047451 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 138172 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 2753213 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | .050186 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 95000 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 2242524 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | .042363 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 89018 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 1728324 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | .051505 | DistributionRatioYear5 |
| Total Distribution Ratio | .241930 | TotalDistributionRatio |
| Average Distribution Ratio | .048386 | AverageDistributionRatio |
| Net Noncharitable Assets | 6724457 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 325370 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 653 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 326023 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 335000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 653 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 653 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 653 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 1040 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 1040 | TotalCreditsAndPayments |
| Overpayment | 387 | Overpayment |
| Amount Credited To Next Year | 387 | AmountCreditedToNextYear |
| Amount To Be Refunded | 0 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 0 | UnrelatedBusIncomeOver1000 |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | NJ | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 0 | PrivateOperatingFoundation |
| New Substantial Contributors | 1 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | FRANK DIACO | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9734847300 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10-12 NO 7TH STREET | AddressLine1 |
| City | BELLEVILLE | City |
| State | NJ | State |
| ZIP Code | 07109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 0 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 0 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 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 |
|---|---|---|---|---|---|---|---|---|
| JOSEPH DIACO | ||||||||
| 820 TRAILING RIDGE RD | FRANKLIN LAKES | NJ | 07417 | PRESIDENT | 0.00 | 0 | 0 | 0 |
| THEODORE F DIACO | ||||||||
| 2 VISTA COURT | KINNELON | NJ | 07405 | VICE PRESIDENT | 0.00 | 0 | 0 | 0 |
| VALERIE SILVESTRI | ||||||||
| 1 SUNNY KNOLL COURT | WAYNE | NJ | 07470 | SECRETARY | 10.00 | 30000 | 0 | 0 |
| STEPHANIE EMPERIO | ||||||||
| 209 FOREST RIDGE COURT | FRANKLIN LAKES | NJ | 07417 | VICE PRESIDENT | 10.00 | 30000 | 0 | 0 |
| FRANK P DIACO | ||||||||
| 204 HOLLY LANE | CEDAR GROVE | NJ | 07009 | TREASURER | 0.00 | 0 | 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 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 6734205 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 92655 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 6826860 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 6826860 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 102403 | CashDeemedCharitable |
| Net Noncharitable Assets | 6724457 | NetNoncharitableAssets |
| Minimum Investment Return | 336223 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 336223 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 653 | TaxBasedOnInvestmentIncome |
| Total Tax | 653 | TotalTax |
| Distributable Amount Before Adj | 335570 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 0 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 335570 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 335570 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 335000 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 335000 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 653 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 334347 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 335570 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year3 | 3584 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year1 | 4535 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 8119 | TotalExcessDistriCarryover |
| Qualifying Distributions | 335000 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 335000 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 570 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 570 | ExcessDistriCyovAppliedCY |
| Total Corpus | 7549 | TotalCorpus |
| Prior Year Undistributed Income | 0 | PriorYearUndistributedIncome |
| Prior Year Deficiency Or Tax | 0 | PriorYearDeficiencyOrTax |
| Taxable Amount1 | 0 | TaxableAmount1 |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Distri From Corpus170b1 E Or4942g3 | 0 | DistriFromCorpus170b1EOr4942g3 |
| Excess Distri Cyov From Year5 | 0 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 7549 | ExcessDistriCyovToNextYear |
| Excess From Year3 | 3014 | ExcessFromYear3 |
| Excess From Year1 | 4535 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (23 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN RED CROSS | |||||||
| 389 MILLBURN AVE | MILLBURN | NJ | 07041 | N/A | PUBLIC CHARITY | CHARITABLE | $15,000 |
| ARCHDIOCESE OF NEWARK | |||||||
| 171 CLIFTON AVE | NEWARK | NJ | 07104 | N/A | PUBLIC CHARITY | CHARITABLE | $20,000 |
| DEAF MOSAICS CENTER INC | |||||||
| 3500 SUNSET AVE | OCEAN | NJ | 07712 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| DIOCESE OF PATERSON ST JOSEPH FUND | |||||||
| 777 VALLEY ROAD | CLIFTON | NJ | 07013 | N/A | PUBLIC CHARITY | CHARITABLE | $80,000 |
| EL SALVADOR EDUCATION FUND co MOST BLESSED SACRAMENT CHURCH | |||||||
| 787 FRANKLIN LAKES RD | FRANKLIN LAKES | NJ | 07417 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| MEMORIAL SLOAN KETTERING CANCER CENTER | |||||||
| 1275 YORK AVE | NEW YORK | NY | 10021 | N/A | PUBLIC CHARITY | CHARITABLE | $60,000 |
| OASIS | |||||||
| 59 MILL STREET | PATERSON | NJ | 07051 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| SALESIAN SISTERS OF ST JOHN BOSCO | |||||||
| 659 BELMONT AVE | NORTH HALEDON | NJ | 07508 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| SALVATION ARMY | |||||||
| 4 GARY ROAD | UNION | NJ | 07083 | N/A | PUBLIC CHARITY | CHARITABLE | $15,000 |
| SEVERAL SOURCES SHELTERS | |||||||
| PO BOX 157 | RAMSEY | NJ | 07446 | N/A | PUBLIC CHARITY | CHARITABLE | $10,000 |
| SISTERS OF SAINT JOSEPH | |||||||
| 9701 GERMANTOWN AVE | PHILADELPHIA | PA | 19118 | N/A | PUBLIC CHARITY | CHARITABLE | $10,000 |
| CLARA MASS HOSPITAL FOUNDATION | |||||||
| 1 CLARA MASS DRIVE | BELLEVILLE | NJ | 07109 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| EVA'S KITCHEN | |||||||
| 393 MAIN ST | PATERSON | NJ | 07501 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| RELIGIOUS TEACHERS FILLIPINI FUND | |||||||
| 455 WESTERN AVENUE | MORRISTOWN | NJ | 07960 | N/A | PUBLIC CHARITY | CHARITABLE | $10,000 |
| FREEDOM ALLIANCE | |||||||
| 22570 MARKEY CT | DULLES | VA | 20166 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| HACKENSACK UNIVERSITY MEDICAL FOUNDATION | |||||||
| 360 ESSEX ST | HACKENSACK | NJ | 07601 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| KIDS CORPORATION II | |||||||
| 6 ATLANTIC ST | NEWARK | NJ | 07102 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| LITTLE SISTERS OF THE POOR | |||||||
| 140 SHEPHERD LANE | TOTOWA | NJ | 07512 | N/A | PUBLIC CHARITY | CHARITABLE | $10,000 |
| MT SAINT DOMINICK | |||||||
| 3 RYERSON AVE | CALDWELL | NJ | 07006 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| SETON HALL UNIVERSITY | |||||||
| 400 SOUTH AVENUE | SOUTH ORANGE | NJ | 07079 | N/A | PUBLIC CHARITY | CHARITABLE | $10,000 |
| ST BARNABAS | |||||||
| 94 OLD SHORT HILLS RD | LIVINGSTON | NJ | 07039 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| ST JUDES CHILDREN'S RESEARCH HOSPITAL | |||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 38105 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| ST MICHAEL'S FOUNDATION | |||||||
| 1160 RAYMOND BLVD | NEWARK | NJ | 07102 | N/A | PUBLIC CHARITY | CHARITABLE | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 305000 | TotGrantOrContriPaidDuringYear |
| Tot Grant Or Contri Approved Future | 0 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $109,768 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | -$125,019 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | -$15,251 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -15251 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | 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 | 1 | ContributorNumber |
| Contributor Name Individual | POWER ELECTRIC CO | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10-22 NORTH 7TH STREET | AddressLine1 |
| City | BELLEVILLE | City |
| State | NJ | State |
| ZIP Code | 07109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 830000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Bond | 2031.656 FORD MOTOR CO DEL 7.5% SENIOR NOTES | NameOfBond |
| EOY Book Value | 50765 | EOYBookValue |
| EOYFMV | 53412 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (21 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 4070.901 HEALTH CARE REIT INC 7.875% CUM REDEEMABLE PREFERRED STOCK | 101793 | 103541 |
| VIRTUS | 0 | 0 |
| 100 @ ESCROW FOR S&P MANAGED | 93476 | 50000 |
| 175 DUKE REALTY CORP | 0 | 0 |
| 370.233 LORD ABBETT | 0 | 0 |
| 7644 PIMCO FDS | 0 | 0 |
| RUSSELL FRANK BAL | 0 | 0 |
| VIACOM INC | 0 | 0 |
| AT & T | 0 | 0 |
| GENERAL ELECTRIC | 0 | 0 |
| PEPSICO | 0 | 0 |
| WALMART | 0 | 0 |
| 5,000 Shares A T & T | 0 | 0 |
| CITIGROUP INC | 0 | 0 |
| RUSSELL GROWTH STRTGY | 0 | 0 |
| BANK OF AMERICA | 0 | 0 |
| LORD ABBETT SHORT DURATION | 600000 | 588261 |
| PIMCO REAL RETURN FUND | 600000 | 614885 |
| T ROWE PRICE SHORT TERM | 600000 | 595062 |
| VANGUARD INFLATION PRO SECS ADM SHR | 600000 | 623627 |
| VANGUARD S/T INVESTMENT GRADE FUND | 650000 | 643959 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BANK FEES | Description |
| Revenue And Expenses Per Books | 165 | RevenueAndExpensesPerBooks |
| Net Investment Income | 165 | NetInvestmentIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ASSET MANAGEMENT FEES | Category |
| Amount | $14,263 | Amount |
| Net Investment Income | 14263 | NetInvestmentIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | POWER ELECTRIC CO | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10-12 NORTH 7TH STREET | AddressLine1 |
| City | BELLEVILLE | City |
| State | NJ | State |
| ZIP Code | 07109 | ZIPCode |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| TAX ON INVESTMENT INCOME | $348 | 0 | 0 |
| STATE FILING FEE | $30 | 0 | 0 |
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