TWO RED ROSES FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- TWO RED ROSES FOUNDATION INC (EIN 33-1093993)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201143199349101229
- 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
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Loans From Officers Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-15T15:24:54-06:00 | 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 | BAUMANN RAYMONDO & COMPANYPACPA'S | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 N REO STREET SUITE 200 | AddressLine1 |
| City | TAMPA | City |
| State | FL | State |
| ZIP Code | 33609 | 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 | 331093993 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWO RED ROSES FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TWOR | NameControl |
| Phone | 7279432144 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4190 CORPORATE COURT | AddressLine1 |
| City | PALM HARBOR | City |
| State | FL | State |
| ZIP Code | 34683 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RODOLFO CICCARELLO | Name |
| Title | PRESIDENT | Title |
| Phone | 7279432144 | Phone |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN R MAJORS | Name |
| Phone | 8132888826 | 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 | 57948844 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 1000 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 480742 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 438577 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 480742 | DividendsAdjNetIncm |
| Gross Rents Rev And Expnss | 424040 | GrossRentsRevAndExpnss |
| Gross Rents Net Invst Incm | 424040 | GrossRentsNetInvstIncm |
| Gross Rents Adj Net Incm | 424040 | GrossRentsAdjNetIncm |
| Net Rental Income Or Loss | 352122 | NetRentalIncomeOrLoss |
| Net Gain Sale Assets Rev And Expnss | -87853 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 14261647 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Net STCG Adj Net Incm | 0 | NetSTCGAdjNetIncm |
| Gross Sales Less Returns And Allwnc | 637 | GrossSalesLessReturnsAndAllwnc |
| Cost Of Goods Sold | 599 | CostOfGoodsSold |
| Gross Profit Rev And Expnss | 38 | GrossProfitRevAndExpnss |
| Gross Profit Adj Net Incm | 38 | GrossProfitAdjNetIncm |
| Total Revenue And Expenses | 817967 | TotalRevenueAndExpenses |
| Total Net Investment Income | 862617 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 904820 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 0 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 0 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Adj Net Incm | 0 | CompOfcrDirTrstAdjNetIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 0 | CompOfcrDirTrstDsbrsChrtblPrps |
| Legal Fees Rev And Expnss | 1020 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 0 | LegalFeesNetInvstIncm |
| Legal Fees Adj Net Incm | 0 | LegalFeesAdjNetIncm |
| Legal Fees Dsbrs Chrtbl Prps | 1020 | LegalFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 46404 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 0 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Adj Net Incm | 0 | OtherProfFeesAdjNetIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 46404 | OtherProfFeesDsbrsChrtblPrps |
| Interest Rev And Expnss | 12646 | InterestRevAndExpnss |
| Interest Net Invst Incm | 12646 | InterestNetInvstIncm |
| Interest Adj Net Incm | 12646 | InterestAdjNetIncm |
| Interest Dsbrs Chrtbl Prps | 0 | InterestDsbrsChrtblPrps |
| Taxes Rev And Expnss | 400725 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 54134 | TaxesNetInvstIncm |
| Taxes Adj Net Incm | 54134 | TaxesAdjNetIncm |
| Taxes Dsbrs Chrtbl Prps | 167473 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 31431 | DeprecAndDepletionRevAndExpnss |
| Deprec And Depletion Net Invst Incm | 31431 | DeprecAndDepletionNetInvstIncm |
| Deprec And Depletion Adj Net Incm | 31431 | DeprecAndDepletionAdjNetIncm |
| Occupancy Rev And Expnss | 17784 | OccupancyRevAndExpnss |
| Occupancy Net Invst Incm | 17784 | OccupancyNetInvstIncm |
| Occupancy Adj Net Incm | 17784 | OccupancyAdjNetIncm |
| Occupancy Dsbrs Chrtbl Prps | 0 | OccupancyDsbrsChrtblPrps |
| Trav Conf Meeting Rev And Expnss | 11292 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Net Invst Incm | 0 | TravConfMeetingNetInvstIncm |
| Trav Conf Meeting Adj Net Incm | 0 | TravConfMeetingAdjNetIncm |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 11292 | TravConfMeetingDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 43414 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 0 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 0 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 43414 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 564716 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 115995 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 115995 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 269603 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 768 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 768 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 565484 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 115995 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 115995 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 270371 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 252483 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 746622 | NetInvestmentIncome |
| Adjusted Net Income | 788825 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 200510 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 139038 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 139038 | SavingsAndTempCashInvstEOYFMV |
| Receivables From Officers BOY | 377 | ReceivablesFromOfficersBOY |
| Receivables From Officers EOY | 6038 | ReceivablesFromOfficersEOY |
| Receivables From Officers EOYFMV | 6038 | ReceivablesFromOfficersEOYFMV |
| Other Notes And Loans Rcvbl BOY | 6114 | OtherNotesAndLoansRcvblBOY |
| Other Notes And Loans Rcvbl EOY | 0 | OtherNotesAndLoansRcvblEOY |
| Other Notes And Loans Rcvbl EOYFMV | 0 | OtherNotesAndLoansRcvblEOYFMV |
| Inventories For Sale Or Use BOY | 37129 | InventoriesForSaleOrUseBOY |
| Inventories For Sale Or Use EOY | 36530 | InventoriesForSaleOrUseEOY |
| Inventories For Sale Or Use EOYFMV | 36530 | InventoriesForSaleOrUseEOYFMV |
| Investments Corp Stock BOY | 24667500 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 20302760 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 20302760 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 780000 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 935000 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 935000 | InvestmentsCorpBondsEOYFMV |
| Land Building And Equipment Basis | 1118109 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 130916 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 1018624 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 987193 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 3250000 | LandBuildingAndEquipmentEOYFMV |
| Other Assets BOY | 26342185 | OtherAssetsBOY |
| Other Assets EOY | 33279478 | OtherAssetsEOY |
| Other Assets EOYFMV | 33279478 | OtherAssetsEOYFMV |
| Total Assets BOY | 53052439 | TotalAssetsBOY |
| Total Assets EOY | 55686037 | TotalAssetsEOY |
| Total Assets EOYFMV | 57948844 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 536125 | AccountsPayableBOY |
| Accounts Payable EOY | 1044000 | AccountsPayableEOY |
| Loans From Officers EOY | 4500000 | LoansFromOfficersEOY |
| Other Liabilities BOY | 4279715 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 0 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 4815840 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5544000 | 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 | 48236599 | RetainedEarningsBOY |
| Retained Earnings EOY | 50142037 | RetainedEarningsEOY |
| Total Net Assets BOY | 48236599 | TotalNetAssetsBOY |
| Total Net Assets EOY | 50142037 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 53052439 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 55686037 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 48236599 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 252483 | ExcessOfRevenueOverExpenses |
| Other Increases | 1652955 | OtherIncreases |
| Subtotal | 50142037 | Subtotal |
| Other Decreases | 0 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 50142037 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (4 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses | Date AcquiredDateAcquired | Date SoldDateSold |
|---|---|---|---|---|---|---|---|
| MISC | P | 985 | 1795 | -810 | -810 | ||
| CHEVRON CORP | 3961629 | 3934019 | 27610 | 27610 | 2009-12-02 | 2010-04-09 | |
| DELL INC | 3335355 | 3251535 | 83820 | 83820 | |||
| EXXON MOBIL CORP | 6963678 | 7162151 | -198473 | -198473 | 2009-12-02 | 2010-11-11 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -87853 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | -87853 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 1590748 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 13162802 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.120852 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 1920744 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 19248429 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.099787 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 4983332 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 18045535 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.276153 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 2711034 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 10963045 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.247288 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 3076460 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 102355 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 30.056763 | DistributionRatioYear5 |
| Total Distribution Ratio | 30.800843 | TotalDistributionRatio |
| Average Distribution Ratio | 6.160169 | AverageDistributionRatio |
| Net Noncharitable Assets | 21005839 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 129399518 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 7466 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 129406984 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 7221716 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 14932 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 14932 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 14932 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 111000 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 111000 | TotalCreditsAndPayments |
| Overpayment | 96068 | Overpayment |
| Amount Credited To Next Year | 14960 | AmountCreditedToNextYear |
| Amount To Be Refunded | 81108 | 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 | 1 | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | 1 | Form990TFiled |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | FL | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 1 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | TWOREDROSES.COM | WebsiteAddress |
| Books In Care Of Person Name | RODOLFO CICCARELLO | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 7279432144 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4190 CORPORATE CT | AddressLine1 |
| City | PALM HARBOR | City |
| State | FL | State |
| ZIP Code | 34683 | 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 | 1 | 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 |
| Acts Fail To Qualify As Exceptions | 1 | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | 1 | 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 (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 |
|---|---|---|---|---|---|---|---|---|
| RODOLFO CICCARELLO | ||||||||
| 16590 EAST LAKE DRIVE | TARPON SPRINGS | FL | 34688 | PRESIDENT | 20.00 | 0 | 0 | 0 |
| JEFFREY SICILIO | ||||||||
| 8152 BRENT STREET | PORT RICHEY | FL | 34668 | DIRECTOR-CIS | 6.00 | 0 | 0 | 0 |
| TOM MAGOULIS | ||||||||
| 1975 MACGREGOR ROAD | TARPON SPRINGS | FL | 34689 | EXECUTIVE | 5.00 | 0 | 0 | 0 |
| ANNE BOMHARDT | ||||||||
| 10104 LANDMARK DRIVE | HUDSON | FL | 34667 | FINANCE DIRECTOR | 4.00 | 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 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | GUSTAV STICKLEY AND THE AMERICAN ARTS AND CRAFTS MOVEMENT EXHIBITION THAT OPENED IN NEWARK, NJ IN SEPTEMBER 2010 ORGANIZED BY THE DALLAS MUSEUM OF ART. THE FOUNDATION LENT 7 ART OBJECTS TO THE EXHIBITION. | Description1 |
| Expenses1 | 0 | Expenses1 |
| Description2 | SCHOLARSHIP TO DAVID CATHERS FOR THE PREPARATION OF A CATALOGUE OF THE TWO RED ROSES FOUNDATION'S FURNITURE COLLECTION. THIS CATALOGUE INCLUDED AN ESSAY, 32 EXTENSIVE CATALOGUE ENTRIES AND A COMPLETE CHECKLIST. | Description2 |
| Expenses2 | 42098 | Expenses2 |
| Description3 | RESTORATION BY DAVID PARSON OF A RARE GUSTAV STICKLEY TABOURET WITH A HEXAGONAL GRUEBY TILE. | Description3 |
| Expenses3 | 7200 | Expenses3 |
| Description4 | RESTORATION BY DOUBLE KNOTT, INC., OF NEW YORK, NY OF A RARE VOYSEY DESIGN DONEGAL CAR. | Description4 |
| Expenses4 | 2700 | Expenses4 |
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 | 21299124 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 291864 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 1870000 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 23460988 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 2135263 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 21325725 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 319886 | CashDeemedCharitable |
| Net Noncharitable Assets | 21005839 | NetNoncharitableAssets |
| Minimum Investment Return | 1050292 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | X | Sect4942j3j5FndtnAndFrgnOrg |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 270371 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Amounts Paid Acq Charitable Assets | 6951345 | AmountsPaidAcqCharitableAssets |
| Qualifying Distributions | 7221716 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 7221716 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year5 | 3076479 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 2711034 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year2 | 1920744 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 1590748 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 9299005 | TotalExcessDistriCarryover |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 0 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 0 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 0 | ExcessDistriCyovAppliedCY |
| Total Corpus | 9299005 | 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 | 3076479 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 6222526 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 2711034 | ExcessFromYear4 |
| Excess From Year2 | 1920744 | ExcessFromYear2 |
| Excess From Year1 | 1590748 | ExcessFromYear1 |
Private Operating Foundations PrivateOperatingFoundations
| Field | Value | IRS element (for citing) |
|---|---|---|
| Date Of Ruling | 2005-07-11 | DateOfRuling |
| Section4942j3 | X | Section4942j3 |
Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 788825 | CurrentYear |
| Year1 | 658140 | Year1 |
| Year2 | 962421 | Year2 |
| Year3 | 902277 | Year3 |
| Total | 3311663 | Total |
Percent85 Of Lessor Percent85OfLessor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 670501 | CurrentYear |
| Year1 | 559419 | Year1 |
| Year2 | 818058 | Year2 |
| Year3 | 766935 | Year3 |
| Total | 2814914 | Total |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 7221716 | CurrentYear |
| Year1 | 1590748 | Year1 |
| Year2 | 1920744 | Year2 |
| Year3 | 4983332 | Year3 |
| Total | 15716540 | Total |
Qlfy Distri Not Used Directly QlfyDistriNotUsedDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 0 | CurrentYear |
| Year1 | 0 | Year1 |
| Year2 | 0 | Year2 |
| Year3 | 0 | Year3 |
| Total | 0 | Total |
Qlfy Distri Made Directly QlfyDistriMadeDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 7221716 | CurrentYear |
| Year1 | 1590748 | Year1 |
| Year2 | 1920744 | Year2 |
| Year3 | 4983332 | Year3 |
| Total | 15716540 | Total |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 57948844 | CurrentYear |
| Year1 | 55283812 | Year1 |
| Year2 | 49393113 | Year2 |
| Year3 | 45654981 | Year3 |
| Total | 208280750 | Total |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3Bi
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 36711084 | CurrentYear |
| Year1 | 29836315 | Year1 |
| Year2 | 26717867 | Year2 |
| Year3 | 25255689 | Year3 |
| Total | 118520955 | Total |
Two Thirds Min Invst Return TwoThirdsMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Support TotalSupport
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 1000 | CurrentYear |
| Year1 | 23910 | Year1 |
| Year2 | 25000 | Year2 |
| Year3 | 2795000 | Year3 |
| Total | 2844910 | Total |
Public Support PublicSupport
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year1 | 0 | Year1 |
| Year2 | 25000 | Year2 |
| Year3 | 95000 | Year3 |
| Total | 120000 | Total |
Largest Support From EO LargestSupportFromEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Gross Investment Income GrossInvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 2046654 | CurrentYear |
| Year1 | 6071814 | Year1 |
| Year2 | -824172 | Year2 |
| Year3 | 939533 | Year3 |
| Total | 8233829 | Total |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | RODOLFO CICCARELLO | ContributingManager |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | TWO RED ROSES FOUNDATION | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4190 CORPORATE COURT | AddressLine1 |
| City | PALM HARBOR | City |
| State | FL | State |
| ZIP Code | 34683 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 7279432144 | RecipientPhoneNumber |
| 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
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BETSY WALCH | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11381 48TH AVE N | AddressLine1 |
| City | ST PETERSBURG | City |
| State | FL | State |
| ZIP Code | 33708 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationship |
| Recipient Foundation Status | N/A | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | EDUCATION | PurposeOfGrantOrContribution |
| Amount | $768 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 768 | 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) |
|---|---|---|
| Unrelated Business Income | $42,165 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $438,577 | ExclusionAmount |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 16 | ExclusionCode |
| Exclusion | $352,122 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$87,853 | ExclusionAmount |
Gross Profit Loss Sales Of Invntry GrossProfitLossSalesOfInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $38 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $42,165 | UnrelatedBusinessIncomeAmount |
| Exclusion | $702,884 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 745049 | 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 |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation (6 entries)
| Description Of PropertyDescriptionOfProperty | Date AcquiredDateAcquired | Cost Or Other BasisCostOrOtherBasis | Prior Years DepreciationPriorYearsDepreciation | Computation MethodComputationMethod | LifeLife | Current Year ExpenseCurrentYearExpense | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|---|---|---|---|---|
| BUILDING 1 | 2006-12-01 | 145357 | 11336 | SL | 39.000000000000 | 3727 | 0 | 0 |
| BUILDING 2 | 2006-12-01 | 153871 | 12001 | SL | 39.000000000000 | 3945 | 0 | 0 |
| BUILDING 3 | 2006-12-01 | 219580 | 17125 | SL | 39.000000000000 | 5630 | 0 | 0 |
| BUILDING 4 | 2006-12-01 | 563842 | 43974 | SL | 39.000000000000 | 14457 | 0 | 0 |
| HURRICANE SHUTTERS | 2007-02-01 | 9040 | 667 | SL | 39.000000000000 | 232 | 0 | 0 |
| GALLERY DISPLAY | 2007-09-01 | 26419 | 14382 | 200DB | 7.000000000000 | 3440 | 0 | 0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | 935000 | EOYBookValue |
| EOYFMV | 935000 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | 20302760 | EOYBookValue |
| EOYFMV | 20302760 | EOYFMV |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc (6 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|---|
| BUILDING 1 | 145357 | 15063 | 130294 | 0 |
| BUILDING 2 | 153871 | 15946 | 137925 | 0 |
| BUILDING 3 | 219580 | 22755 | 196825 | 0 |
| BUILDING 4 | 563842 | 58431 | 505411 | 0 |
| HURRICANE SHUTTERS | 9040 | 899 | 8141 | 0 |
| GALLERY DISPLAY | 26419 | 17822 | 8597 | 0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | Category |
| Amount | $1,020 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 1020 | DisbursementsCharitablePrps |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lenders Name | RODOLFO CICCARELLO | LendersName |
| Lenders Title | PRESIDENT | LendersTitle |
| Original Amount Of Loan | 4500000 | OriginalAmountOfLoan |
| Balance Due | 4500000 | BalanceDue |
| Date Of Note | 2010-04 | DateOfNote |
| Maturity Date | 2009-06 | MaturityDate |
| Repayment Terms | DEMAND | RepaymentTerms |
| Interest Rate | 0.000000000000 | InterestRate |
| Security Provided By Borrower | NONE | SecurityProvidedByBorrower |
| Purpose Of Loan | TO ACQUIRE ADDITIONAL CHARITABLE USE PROPERTY | PurposeOfLoan |
| Desc Of Lender Consideration | CASH | DescOfLenderConsideration |
| Consideration Fmv | 4500000 | ConsiderationFmv |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ART COLLECTIONS | Description |
| BOY Book Value | 26342185 | BOYBookValue |
| EOY Book Value | 33279478 | EOYBookValue |
| EOYFMV | 33279478 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (6 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| REPAIR & RESTORATION | 20272 | 0 | 0 | 20272 |
| MEALS & ENTERTAINMENT | 1077 | 0 | 0 | 1077 |
| FREIGHT | 13164 | 0 | 0 | 13164 |
| COMPUTER EXPENSE | 422 | 0 | 0 | 422 |
| SUPPLIES | 7850 | 0 | 0 | 7850 |
| ADVERTISING | 629 | 0 | 0 | 629 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED GAIN ON SECURITIES | Description |
| Amount | $1,652,955 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MARGIN LOAN | Description |
| BOY Book Value | 4279715 | BOYBookValue |
| EOY Book Value | 0 | EOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL | Category |
| Amount | $46,404 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 46404 | DisbursementsCharitablePrps |
Taxes Schedule TaxesSchedule
Taxes Taxes (4 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| EXCISE TAXES | $167,473 | 0 | 0 | 167473 |
| UBIT TAX | $179,118 | 0 | 0 | 0 |
| PROPERTY TAX | $26,826 | 26826 | 26826 | 0 |
| SALES TAX | $27,308 | 27308 | 27308 | 0 |
Comments