Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
JOSEPH A PATRICK FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)305 HARBORSIDE PLAZA 10   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JERSEY CITY, NJ073114012
A Employer identification number

13-6208825
B Telephone number (see instructions)

(201) 680-7300
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,028,852J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 743,220
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 3,024 3,024  
4 Dividends and interest from securities...... 104,580 104,498  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -664,487
b Gross sales price for all assets on line 6a 2,000,046
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 43,415 43,415  
12 Total. Add lines 1 through 11........ 229,752 150,937  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 808 808    
15 Pension plans, employee benefits....... 109 109    
16a Legal fees (attach schedule)......... Click to see attachment 5,642 5,642    
b Accounting fees (attach schedule)....... Click to see attachment 5,340 5,340    
c Other professional fees (attach schedule)....        
17 Interest............... 5,397 5,397    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,476 1,476    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,075 1,075    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,847 19,847   0
25 Contributions, gifts, grants paid........ 298,540 298,540
26 Total expenses and disbursements. Add lines 24 and 25 318,387 19,847   298,540
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -88,635
b Net investment income (if negative, enter -0-) 131,090
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 10,949 8,392 8,392
2 Savings and temporary cash investments.......... 11,006 21,154 21,154
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 5,760,349 Click to see attachment5,659,616 5,999,306
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,782,304 5,689,162 6,028,852
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment4,250  
23 Total liabilities (add lines 17 through 22).......... 4,250 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,234,669 2,234,669
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,543,385 3,454,493
30 Total net assets or fund balances (see instructions)...... 5,778,054 5,689,162
31 Total liabilities and net assets/fund balances (see instructions).. 5,782,304 5,689,162
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 5,778,054
2 Enter amount from Part I, line 27a..................... 2 -88,635
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 5,689,419
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 257
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 5,689,162
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a -2-BAKER HUGHES INC. CALLS MAR 57.5' P 2014-01-30 2014-02-06
b 400-DEERE & CO. P 2008-10-07 2014-02-21
c 500-SCHLUMBERGER LTD P 2013-06-27 2014-04-21
d 1500-KINDER MORGAN ENERGY LP P 2013-05-30 2014-08-11
e 1500-VALERO ENERGY CORP. P 2011-04-01 2014-11-20
BUCKEYE SEC 1231 LOSS P 2014-12-31 2014-12-31
-18-BAKER HUGHES INC. CALLS MAR 57.5 P 2014-01-30 2014-02-06
-30-NUCOR CORP CALLS FEB 57.5'S P 2013-12-27 2014-02-24
-10-MARATHON OIL CALLS APR 95'S P 2014-02-25 2014-04-21
600-BAKER HUGHES INC. P 2008-10-07 2014-08-19
1000-VALERO ENERGY CORP. P 2014-06-26 2014-11-20
900-GENCO SHIPPING & TRADING LTD. P 2008-10-13 2014-02-10
-10-PHILLIPS 66 CALLS FEB 80'S P 2014-01-14 2014-02-24
750-PHILLIPS 66 P 2011-02-18 2014-04-23
400-BAKER HUGHES INC. P 2008-10-17 2014-08-19
596-KINDER MORGAN ENERGY LP P 2013-06-21 2014-12-02
6273-BRASIL TELECOM SA P 2007-11-28 2014-02-10
-10-MARATHON OIL CALLS MAR 90'S P 2014-01-22 2014-02-24
250-PHILLIPS 66 P 2012-11-13 2014-04-23
1000-BAKER HUGHES INC. P 2011-01-25 2014-08-19
1000-KINDER MORGAN ENERGY LP P 2013-06-24 2014-12-02
625-PROSHARES ULTRASHORT 20+ YEAR TR P 2011-04-08 2014-02-10
-10-MARATHON OIL CALLS FEB 95'S P 2013-12-31 2014-02-24
2500-INVENSENSE, INC. P 2013-09-23 2014-05-07
1500-PACIFIC GAS & ELEC. CO. P 2013-08-22 2014-08-22
0-KINDER MORGAN, INC. P 2014-08-19 2014-12-02
6000-BRASIL TELECOM SA P 2008-05-06 2014-02-10
400-NUCOR CORP P 2008-10-17 2014-03-04
-5-VALERO ENERGY CORP PUTS MAY 50'S P 2014-04-15 2014-05-19
1500-PACIFIC GAS & ELEC. CO. P 2013-12-11 2014-08-22
WILLIAMS PARTNERS 1231 P 2014-12-31 2014-12-31
400-SUNTECH POWER HOLDINGS LTD P 2009-07-15 2014-02-10
1500-NUCOR CORP P 2008-08-05 2014-03-04
-10-MARATHON OIL CALLS JUN 97.5'S P 2014-04-29 2014-05-21
CALUMET CAPITAL GAIN P 2013-01-16 2014-09-03
WILLIAMS PARTHERS P 2013-01-01 2014-12-31
3600-SUNTECH POWER HOLDINGS LTD P 2009-07-17 2014-02-10
1100-NUCOR CORP P 2008-10-14 2014-03-04
-10-BAKER HUGHES INC. PUTS JUN 67.5' P 2014-04-29 2014-06-23
2500-CALUMET SPECIALTY PRODUCTS PART P 2012-09-13 2014-09-03
TEEKAY PARTNERS LP 1231 P 2014-12-31 2014-12-31
2727-BRASIL TELECOM SA P 2008-08-13 2014-02-10
500-PHILLIPS 66 P 2011-02-16 2014-03-13
2500-CHINA DIGITAL TV HOLDING CO P 2008-05-29 2014-07-16
2500-CALUMET SPECIALTY PRODUCTS PART P 2013-01-16 2014-09-03
SPECTRA ENERGY PARTNERS, LP 1231 P 2014-12-31 2014-12-31
2000-SUNTECH POWER HOLDINGS LTD P 2008-05-14 2014-02-10
500-PHILLIPS 66 P 2011-02-18 2014-03-13
2500-CHINA DIGITAL TV HOLDING CO P 2008-08-15 2014-07-16
2000-CLIFFS NATURAL RESOURCES INC. P 2011-06-20 2014-10-03
KINDER MORGAN ENERGY PTRS 1231 LOSS P 2014-12-31 2014-12-31
2000-SUNTECH POWER HOLDINGS LTD P 2008-11-21 2014-02-10
-10-SCHLUMBERGER LTS CALLS MAR 92.5' P 2014-02-06 2014-03-17
1500-MOSAIC CO. P 2011-06-20 2014-07-16
1000-CLIFFS NATURAL RESOURCES INC. P 2011-02-23 2014-10-03
ENTERPRISE SEC 1231 LOSS P 2014-12-31 2014-12-31
1500-GENCO SHIPPING & TRADING LTD. P 2008-01-15 2014-02-10
500-VALERO ENERGY CORP. P 2008-08-04 2014-04-15
-20-BAKER HUGHES INC. CALLS JUL 75'S P 2014-06-20 2014-07-17
1000-CLIFFS NATURAL RESOURCES INC. P 2011-03-01 2014-10-03
ENERGY TRANSFER PTRS CAP GAIN P 2014-12-31 2014-12-31
1500-GENCO SHIPPING & TRADING LTD. P 2008-10-06 2014-02-10
500-VALERO ENERGY CORP. P 2011-04-01 2014-04-16
1000-SCHLUMBERGER LTD P 2013-06-27 2014-07-21
404-KINDER MORGAN ENERGY LP P 2013-06-21 2014-10-24
ENERGY TRANSFER PTRS 1231 LOSS P 2014-12-31 2014-12-31
900-DEERE & CO. P 2008-09-29 2014-02-21
-20-BAKER HUGHES INC. CALLS APR 60'S P 2014-02-06 2014-04-17
-15-VALERO ENERGY CORP. CALLS JUL 57 P 2014-06-03 2014-07-21
ENTERPRISE CAPITAL GAIN P 2010-04-21 2014-11-18
ENERGY TRANSFER PARTNERS P 2013-01-01 2014-12-31
700-DEERE & CO. P 2013-06-24 2014-02-21
500-SCHLUMBERGER LTD P 2013-06-24 2014-04-21
KINDER MORGAN ENERGY PTRS CAP LOSS P 2013-05-30 2014-08-11
2500-ENTERPRISE PDCTS PARTNERS LP P 2010-04-16 2014-11-18
CALUMET SEC 1231 LOSS P 2014-12-31 2014-12-31
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 365   432 -67
b 33,800   26,560 7,240
c 48,820   36,291 12,529
d 140,759   99,423 41,336
e 74,972   42,003 32,969
    4,005 -4,005
3,284   3,921 -637
1,474     1,474
2,142     2,142
41,308   45,145 -3,837
49,981   52,543 -2,562
1,734   55,560 -53,826
1,795     1,795
61,332   26,245 35,087
27,538   30,278 -2,740
60,709   37,754 22,955
10,843   55,656 -44,813
2,390   2,560 -170
20,444   11,930 8,514
68,846   61,781 7,065
101,860   59,710 42,150
44,445   97,791 -53,346
2,776     2,776
46,080   42,781 3,299
67,761   62,603 5,158
8   8  
10,371   67,065 -56,694
19,942   19,523 419
544     544
67,761   61,110 6,651
    56 -56
153   6,757 -6,604
74,784   103,651 -28,867
2,391   248 2,143
    33,122 -33,122
3     3
1,375   60,788 -59,413
54,842   53,684 1,158
1,207     1,207
71,725   45,860 25,865
1,658     1,658
4,714   29,336 -24,622
39,716   17,235 22,481
10,762   44,168 -33,406
71,725   55,967 15,758
    610 -610
764   93,877 -93,113
39,716   17,497 22,219
10,762   30,545 -19,783
18,173   170,986 -152,813
    360 -360
764   78,387 -77,623
968   121 847
71,008   109,494 -38,486
9,087   94,454 -85,367
    181 -181
2,890   60,041 -57,151
26,290   18,269 8,021
3,045   268 2,777
9,087   95,472 -86,385
       
2,890   77,076 -74,186
27,299   14,001 13,298
105,319   72,583 32,736
38,049   26,234 11,815
    137 -137
76,050   59,756 16,294
3,444   18,031 -14,587
1,981     1,981
    24,670 -24,670
2,623     2,623
59,150   56,042 3,108
48,820   35,362 13,458
    42,814 -42,814
92,073   12,920 79,153
    795 -795
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -67
b       7,240
c       12,529
d       41,336
e       32,969
      -4,005
      -637
      1,474
      2,142
      -3,837
      -2,562
      -53,826
      1,795
      35,087
      -2,740
      22,955
      -44,813
      -170
      8,514
      7,065
      42,150
      -53,346
      2,776
      3,299
      5,158
       
      -56,694
      419
      544
      6,651
      -56
      -6,604
      -28,867
      2,143
      -33,122
      3
      -59,413
      1,158
      1,207
      25,865
      1,658
      -24,622
      22,481
      -33,406
      15,758
      -610
      -93,113
      22,219
      -19,783
      -152,813
      -360
      -77,623
      847
      -38,486
      -85,367
      -181
      -57,151
      8,021
      2,777
      -86,385
       
      -74,186
      13,298
      32,736
      11,815
      -137
      16,294
      -14,587
      1,981
      -24,670
      2,623
      3,108
      13,458
      -42,814
      79,153
      -795
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -664,487
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 43,866
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 253,589 4,870,809 0.052063
2012 267,163 4,894,241 0.054587
2011 270,059 5,821,457 0.046390
2010 229,273 5,641,446 0.040641
2009 307,106 4,545,958 0.067556
2 Total of line 1, column (d) ...................... 2 0.261237
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.052247
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 5,642,414
5 Multiply line 4 by line 3....................... 5 294,799
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,311
7 Add lines 5 and 6......................... 7 296,110
8 Enter qualifying distributions from Part XII, line 4.............. 8 298,540
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,311
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,311
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,311
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 3,783
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,783
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,472
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet2,472 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, NJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFOUNDATION Telephone no.bullet (201) 680-7300
    Located atbullet305 HARBORSIDE PLAZA 10JERSEY CITYNJ ZIP+4bullet073114012
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    STUART K PATRICK PRESIDENT
    0.25     		0 0 0
    305 HARBORSIDE PLAZA 10
    JERSEY CITY,NJ07311
    KATE PATRICK DIRECTOR
    0.25     		0 0 0
    305 HARBORSIDE PLAZA 10
    JERSEY CITY,NJ07311
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,576,663
    b
    Average of monthly cash balances.......................
    1b
    151,676
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,728,339
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,728,339
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    85,925
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,642,414
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    282,121
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    282,121
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,311
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,311
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    280,810
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    280,810
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    280,810
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    298,540
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    298,540
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    1,311
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    297,229
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 280,810
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 228,577
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 298,540
    a Applied to 2013, but not more than line 2a 228,577
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 69,963
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		210,847
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HOSPICE OF THE PIEDMONT
    675 PETER JEFFERSON PARKW
    CHARLOTTESVILLE,VA22911     		  501 C (3) HEALTH CARE 500
    THE TINY MIRACLES FOUNDATION
    25-13 OLD KINGS HIGHWAY
    DARIEN,CT06820     		  501 C (3) CHARITABLE 1,000
    GLEN RIDGE VOLUNTEER AMBULANCE SQUA
    3 HERMAN STREET
    GLEN RIDGE,NJ07028     		  501 C (3) PUBLLIC WELFARE 500
    ST MICHAEL'S SCHOOL
    27 CRITENDEN STREET
    NEWARK,NJ07104     		  501 C (3) EDUCATION 18,000
    JERSEY CITY PAL
    123 TOWN SQUARE PLACE
    JERSEY CITY,NJ07310     		  501 C (3) PUBLIC WELFARE 500
    ADAM WYSOTA FOUNDATION
    PO BOX 1011
    WESTON,CT06883     		  501 C (3) CHARITABLE 250
    GLEN RIDGE CONGREGATIONAL CHURCH
    195 RIDGEWOOD AVENUE
    GLEN RIDGE,NJ07028     		  501 C (3) RELIGION 1,000
    GLEN RIDGE COMMUNITY FUND
    PO BOX 27
    GLEN RIDGE,NJ07028     		  501 C (3) PUBLIC WELFARE 1,500
    GOLF FIGHTS CANCER
    300 ARNOLD PALMER BOULEVA
    NORTON,MA02766     		  501 C (3) HEALTH CARE 1,000
    WESTON LITTLE LEAGUE
    PO BOX 1277
    WESTON,CT06883     		  501 C (3) YOUTH ACTIVITY 500
    THE WILLIAM J FLYNN FUND-BOSTON CO
    140 COMMONWEALTH AVENUE
    CHESTNUT HILLMA,MA02467     		  501 C (3) YOUTH ACTIVITY 5,000
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01287     		  501 C (3) EDUCATION 10,000
    MENDHAM TOWNSHIP FIRST AID SQUAD
    PO BOX 122
    BROOKSIDE,NJ07926     		  501 C (3) HEALTH CARE 250
    COOKIES FOR KIDS CANCER
    31 HOFFMAN S CROSSING ROA
    CALIFON,NJ07830     		  501 C (3) HEALTH CARE 2,000
    BREAST CANCER EMERGENCY AID FNDTN
    PO BOX 1616
    WESTPORT,CT06880     		  501 C (3) HEALTH CARE 1,000
    THE PECK SCHOOL
    247 SOUTH STREET
    MORRISTOWN,NJ07960     		  501 C (3) EDUCATION 10,000
    SWIM ACROSS AMERICA
    ONE INTERNATIONAL PLAZA S
    BOSTON,MA02110     		  501 C (3) CHARITABLE 1,000
    RALSTON ENGINE COMPANY NO 1
    PO BOX 356
    MENDHAM,NJ079450356     		  501 C (3) PUBLIC WELFARE 250
    WESTON EDUCATION FOUNDATION
    PO BOX 1093
    WESTON,CT06883     		  501 C (3) EDUCATION 500
    ST FRANCIS OF ASSISSI CHURCH
    35 NORTHFIELD ROAD
    WESTON,CT06883     		  501 C (3) RELIGION 2,500
    WESTON HISTORICAL SOCIETY
    104 WESTON ROAD
    WESTON,CT06883     		  501 C (3) PUBLIC WELFARE 500
    WESTON MIDDLE SCHOOL PTO
    135 SCHOOL ROAD
    WESTON,CT06883     		  501 C (3) EDUCATION 1,000
    WESTON WARM UP FUND
    PO BOX 1254
    WESTON,CT06883     		  501 C (3) PUBLIC WELFARE 1,000
    WESTON INTERMEDIATE SCHOOL PTO
    96 SCHOOL ROAD
    WESTON,CT06883     		  501 C (3) EDUCATION 1,000
    GLEN RIDGE KIWANIS CLUB
    PO BOX 201
    GLEN RIDGE,NJ07028     		  501 C (3) PUBLIC WELFARE 500
    ST MARK'S SCHOOL
    25 MARLBORO ROAD
    SOUTHBOROUGH,MA01772     		  501 C (3) EDUCATION 2,500
    BRANTWOOD CAMP
    PO BOX 3350
    PETERBOROUGH,NH03458     		  501 C (3) YOUTH ACTIVITY 2,000
    WESTON BASKETBALL ASSOCIATION
    16 BROOKWOOD LANE
    WESTON,CT06883     		  501 C (3) YOUTH ACTIVITY 500
    DOCTORS WITHOUT BORDERS
    PO BOX 5023
    HAGERSTOWN,MD217415023     		  501 C (3) PUBLIC WELFARE 750
    THOMAS W STARZL TRANSPLANTATION IN
    3600 FORBES AT MEYRAN AV
    PITTSBURGH,PA15213     		  501 C (3) MEDICINE 210,000
    PARTNERS FOR HEALTH
    1 BAY AVENUE
    MONTCLAIR,NJ07042     		  501 C (3) PUBLIC WELFARE 1,000
    BUILDERS BEYOND BORDERS
    66 FORT POINT STRET
    NORWALK,CT06855     		  501 C (3) PUBLIC WELFARE 2,000
    GLEN RIDGE EDUCATIOMAL FOUNDATION
    PO BOX 8063
    GLEN RIDGE,NJ07028     		  501 C (3) EDUCATION 1,500
    NJ VENOM SOFTBALL
    678 ROUTE 202/206 NORTH
    BRIDGEWATER,NJ08807     		  501 C (3) YOUTH ACTIVITY 4,000
    KELLOG SCHOOL OF MANAGEMENT
    2020 RIDGE AVENUE
    EVANSTON,IL60208     		  501 C (3) EDUCATION 2,500
    THE EPISCOPAL CHURCH OF ST JAMES
    581 VALLEY ROAD
    UPPER MONTCLAIR,NJ07043     		  501 C (3) RELIGION 5,000
    PRINCETON UNIVERSITY
    PO BOX 5357
    PRINCETON,NJ085435357     		  501 C (3) EDUCATION 5,500
    Total .................................bullet 3a 298,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 3,024  
    4 Dividends and interest from securities....     14 104,580  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....         353
    8
    Gain or (loss) from sales of assets other than inventory .............     		        -664,487
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aBUCKEYE LOSS     14 -2,389  
    bCALUMET LOSS     14 -9,906  
    cENERGY TRANSFER LOSS     14 -1,013  
    dENTERPRISE LOSS     14 -9,052  
    eKINDER MORGAN LOSS     14 -6,074  
    fTEEKAY LNG PARTNERS     14 -5,964  
    gSPECTRE LOSS     14 -6,408  
    hWILLIAMS PARTNERS     14 -30,519  
    iSECURITY LITIGATION     14 13,747  
    jCALUMET ADJ     14 33,122  
    kENTERPRISE ADJ     14 24,670  
    lKINDER MORGAN ADJ     14 42,814  
    mOTHER REVENUE     14 34  
    12 Subtotal. Add columns (b), (d), and (e)..   150,666 -664,134
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-513,468
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    JOSEPH A PATRICK FOUNDATION INC
     
    Employer identification number

    13-6208825
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    JOSEPH A PATRICK FOUNDATION INC
          		Employer identification number

    13-6208825
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    ESTATE OF JOSEPH A PATRICK  
    C/O BRICK PATEL LLP 1290 AVENUE OF
     
    NEW YORK, NY10104

    		$743,220


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    JOSEPH A PATRICK FOUNDATION INC
          		Employer identification number

    13-6208825
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    JOSEPH A PATRICK FOUNDATION INC
          		Employer identification number

    13-6208825
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      5,340 5,340    

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1500-SHRS-AMERICAN ELEC PWR 146,915 182,160
    2000-SHRS-BAKER HUGHES INC.    
    15000-SHRS-OL SA SPONS ADR (BRASIL)    
    1000-SHRS-BUCKEYE PARTNERS LP 109,427 151,320
    600-SHRS_CALIFORNIA RESOURCES CORP 5,154 3,306
    5000-SHRS-CARDINAL HEALTH, INC. 266,025 403,650
    5000-SHRS-CALUMET SPECIALTY PRODUCTS    
    5000-SHRS-CATAMARAN CORPORATION 233,072 258,750
    5000-SHRS-CHINA DIGITAL TV HOLDING C    
    4000-SHRS-CLIFFS NATURAL RESOURCES I    
    8000-SHRS-COMPANHIA SIDERURGICA NACL 125,404 16,640
    5000-SHRS-CVS CAREMARK CORP 370,386 481,550
    2000-SHRS-DEERE & CO.    
    3000-SHRS-DOW CHEMICAL 113,001 136,830
    3000-SHRS-DUKE ENERGY CORP 211,168 250,620
    2000-SHRS-ENERGY TRANSFER PARTNERS 73,438 130,000
    10000-SHRS-ENTERPRISE PDCTS PARTNERS    
    7500-SHRS-ENTERPRISE PDCTS PARTNERS 35,864 270,900
    9000-SHRS-FIBRIA CELULOSE SA 421,372 109,170
    2000-SHRS-FIRSTENERGY CORP 92,351 77,980
    2000-SHRS-FIRSTENERGY CORP 72,303 77,980
    7000-SHRS-FREEPORT MCMORAN COP & GOL 373,460 163,520
    3900-SHRS-GENCO SHIPPING & TRADING L    
    3500-SHRS-GILEAD SCIENCES, INC. 281,652 329,910
    4000-SHRS-INVENSENSE, INC. 77,248 65,040
    5000-SHRS-KINDER MORGAN ENERGY 207,721 211,550
    3500-SHRS-KINDER MORGAN ENERGY    
    2000-SHRS-MARATHON PETROLEUM 107,985 180,520
    1500-SHRS-MOSAIC CO.    
    5000-SHRS-MYLAN N.V. 250,747 281,850
    3000-SHRS-NUCOR CORP    
    1500-SHRS-OCCIDENTAL PETROLEUM 142,744 120,915
    3000-SHRS-PACIFIC GAS & ELEC    
    3000-SHRS-PHILLIPS 66    
    1000-SHRS-PHILLIPS 66 47,720 71,700
    5000-SHRS-POTASH CORP SASK INC 230,887 176,600
    625-SHRS-PROSHARES ULTRASHORT 20    
    3000-SHRS-QUALCOMM INC. 198,190 222,990
    2000-SHRS-SCHLUMBERGER LTD    
    1500-SHRS-SCHLUMBERGER LTD 144,369 128,115
    4500-SHRS-SOUTHERN COPPER CO 164,050 126,900
    4500-SHRS-SPECTRA ENERGY CORP 96,723 256,365
    2500-SHRS-SPECTRA ENERGY PARTNERS    
    2000-SHRS-SPECTRA ENERGY PARTNERS    
    8000-SHRS-SUNTECH POWER HOLDINGS LTD    
    3500-SHRS-TEEKAY LNG PARTNERS, L.P.    
    5000-SHRS-TEEKAY LNG PARTNERS L.P> 192,098 215,000
    1500-SHRS-TEEKAY CORPORATION 95,864 76,335
    2500-SHRS-VALERO ENERGY CORP.    
    3500-SHRS-VENTAS, INC. 236,977 250,950
    3500-SHRS-VERIZON COMMUNICATIONS    
    5000-SHRS-VERIZON COMMUNICATIONS 230,022 233,900
    3500-SHRS-WILLIAMS COS. 139,594 157,290
    2500-SHRS-WILLIAMS COS.    
    1000-SHRS-WILLIAMS PARTNERS    
    4000-SHRS-WILLIAMS PARTNERS 165,685 179,000

    TY 2014 LegalFeesSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 5,642 5,642    


    TY 2014 OtherDecreasesSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK/BROKER FEES 541 541    
    PAYROLL PROCESSING 534 534    


    TY 2014 OtherIncomeSchedule2
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 353 353  
    BUCKEYE LOSS -2,389 -2,389  
    CALUMET LOSS -9,906 -9,906  
    ENERGY TRANSFER LOSS -1,013 -1,013  
    ENTERPRISE LOSS -9,052 -9,052  
    KINDER MORGAN LOSS -6,074 -6,074  
    TEEKAY LNG PARTNERS -5,964 -5,964  
    SPECTRE LOSS -6,408 -6,408  
    WILLIAMS PARTNERS -30,519 -30,519  
    SECURITY LITIGATION 13,747 13,747  
    CALUMET ADJ 33,122 33,122  
    ENTERPRISE ADJ 24,670 24,670  
    KINDER MORGAN ADJ 42,814 42,814  
    OTHER REVENUE 34 34  


    TY 2014 OtherLiabilitiesSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Description Beginning of Year - Book Value End of Year - Book Value
    SHORT OPTIONS 4,250  


    TY 2014 TaxesSchedule
    Name:
    JOSEPH A PATRICK FOUNDATION INC
    EIN: 13-6208825
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID-PERSHING 1,050 1,050    
    STATE REGISTRATION FEES 275 275    
    FOREIGN TAXES PAID 121 121    
    FILING FEES 30 30