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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Shelter Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)C/o Robert McKelvey2410 Rt 34
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Manasquan, NJ08736
A Employer identification number

22-6070269
B Telephone number (see instructions)

(732) 449-5323
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,218,054J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 37,414 37,414  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 124,634
b Gross sales price for all assets on line 6a 278,330
7 Capital gain net income (from Part IV, line 2)... 124,634
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)..... 0  
11 Other income (attach schedule)....... Click to see attachment 1,060    
12 Total. Add lines 1 through 11........ 163,108 162,048  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment 2,400     2,400
c Other professional fees (attach schedule).... Click to see attachment 6,976 6,976    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 901 153    
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,216 25   2,949
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,493 7,154   5,349
25 Contributions, gifts, grants paid....... 68,000 68,000
26 Total expenses and disbursements. Add lines 24 and 25 81,493 7,154   73,349
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 81,615
b Net investment income (if negative, enter -0-) 154,894
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 667 4,066 4,066
2 Savings and temporary cash investments......... 20,728 21,308 21,308
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
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)....... 769,062 Click to see attachment652,862 652,862
c Investments—corporate bonds (attach schedule)....... 380,450 Click to see attachment326,494 326,494
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 196,730 Click to see attachment205,109 205,109
14 Land, buildings, and equipment: basis bullet202,847
Less: accumulated depreciation (attach schedule) bullet194,632 8,215 Click to see attachment8,215 8,215
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,375,852 1,218,054 1,218,054
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment15,425 Click to see attachment13,519
23 Total liabilities (add lines 17 through 22)......... 15,425 13,519
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 1,360,427 1,204,535
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,360,427 1,204,535
31 Total liabilities and net assets/fund balances (see instructions). 1,375,852 1,218,054
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
1,360,427
2
Enter amount from Part I, line 27a .....................
2
81,615
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,417
4
Add lines 1, 2, and 3 ..........................
4
1,446,459
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
241,924
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,204,535
Form 990-PF (2018)
Form 990-PF (2018)
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 25 shs Boeing Co P 2015-09-04 2018-01-04
b 50 shs Costco Wholesale Corp P 2007-01-01 2018-08-28
c 600 shs Enterprise Products Partners LP P 2002-07-11 2018-04-02
d 1,000 shs Ford Motor Co P 2016-02-16 2018-11-02
e 2,000 shs Investors Bancorp P 2007-01-01 2018-12-17
300 shs Polyone Corp P 2017-08-24 2018-12-26
200 shs Schlumberger Ltd P 2007-01-01 2018-05-31
25,000 Berkshire Hathaway bond P 2013-08-20 2018-08-15
25,000 CVS Caremark bond P 2014-01-15 2018-12-05
25,000 Home Depot bond P 2013-09-27 2018-09-10
1291 shs Harbor International fund P 2007-01-01 2018-01-05
150 shs I Shares S&P NA TECH ETF P 2007-01-01 2018-01-19
(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 7,367 0 3,210 4,157
b 11,476 0 1,485 9,991
c 14,498 0 0 14,498
d 9,495 0 11,488 -1,993
e 22,960 0 7,835 15,125
8,123 0 10,922 -2,799
13,554 0 6,103 7,451
25,000 0 24,946 54
25,000 0 25,256 -256
25,000 0 25,439 -439
89,086 0 30,185 58,901
26,771 0 6,827 19,944
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 0 0 0 4,157
b 0 0 0 9,991
c 0 0 0 14,498
d 0 0 0 -1,993
e 0 0 0 15,125
0 0 0 -2,799
0 0 0 7,451
0 0 0 54
0 0 0 -256
0 0 0 -439
0 0 0 58,901
0 0 0 19,944
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 2 124,634
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  
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))
2017 68,066 1,315,612 0.051737
2016 67,525 1,227,976 0.054989
2015 66,159 1,300,975 0.050853
2014 65,750 1,329,946 0.049438
2013 63,596 1,242,822 0.051171
2
Total of line 1, column (d) .....................
2
0.258188
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.051638
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,346,077
5
Multiply line 4 by line 3......................
5
69,509
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,549
7
Add lines 5 and 6........................
7
71,058
8
Enter qualifying distributions from Part XII, line 4,.............
8
73,349
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,549
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 0
3 Add lines 1 and 2........................... 3 1,549
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,549
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,400
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 1400 7 1,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 17
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 166
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 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)
    bulletNJ
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 ofbulletGeorge McKelvey Co Inc Telephone no.bullet (732) 449-5323

    Located atbullet2410 Highway 34ManasquanNJ ZIP+4bullet08736
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    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
     
    No
    ........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 2018?.............
    1c
     
    No
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    Judith G Leone President
    1.00     		0 0 0
    143 Cranmoor Drive Toms
    River,NJ08753
    Todd C Lotozo VP
    1.00     		0 0 0
    70 Oakes Road
    Little Silver,NJ07739
    Robert G McKelvey Secretary
    1.00     		0 0 0
    2410 Highway 34
    Manasquan,NJ08736
    Robert A Giunco Sr Treasurer
    1.00     		0 0 0
    2410 Highway 34
    Manasquan,NJ08736
    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 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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.............bullet0
    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 Providing Grants to Organizations that provide humane care and treatment of animals 68,000
    2  
    3  
    4  
    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 Providing Grants to Organizations that provide humane care and treatment of animals 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    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
    1,348,691
    b
    Average of monthly cash balances.......................
    1b
    17,885
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,366,576
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,366,576
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    20,499
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,346,077
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    67,304
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    67,304
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,549
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,549
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    65,755
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    65,755
    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
    65,755
    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
    73,349
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    73,349
    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
    1,549
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    71,800
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 65,755
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 31,138
    fTotal of lines 3a through e........ 31,138
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 73,349
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus 73,349
    5 Excess distributions carryover applied to 2018. 65,755  
    (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 38,732
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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 ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		65,755
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		38,732
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 38,732
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 e-mail address of the person to whom applications should be addressed:
    Todd Lotozo
    70 Oakes Road
    Little Silver,NJ07739
    (732) 758-8541
    bThe form in which applications should be submitted and information and materials they should include:
    Prescribed Document
    cAny submission deadlines:
    yes
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    yes
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    Animal Birth Control
    PO Box 353
    Pine Beach,NJ08741     		  Public Provide HumaneCare of Animals 9,000
    Animal Relief Foundation
    4014 Quarry Rd
    Manchester Township,NJ08759     		  Public Provide HumaneCare of Animals 2,000
    Jersey Shore Animal Foundation
    PO Box 380
    Lakehurst,NJ08733     		  Public Provide HumaneCare of Animals 4,500
    Volunteer Auxiillary
    PO Box 1432
    Jackson,NJ08527     		  Public Provide HumaneCare of Animals 9,000
    SNAPS
    PO Box 92
    Oakhurst,NJ07755     		  Public Provide HumaneCare of Animals 2,000
    Seer Farms
    472 W Veterans Highway
    Jackson,NJ08527     		  Public Provide HumaneCare of Animals 5,000
    Calling All Cats
    77 East Veterans Parkway
    Jackson,NJ08527     		  Public Provide HumaneCare of Animals 9,000
    Plumstead Township TNR
    21 Plum Ridge Dr
    New Egypt,NJ08533     		  Public Provide HumaneCare of Animals 3,000
    Points Paw Animal Welfare
    103 Chicago Ave
    Point Pleasant,NJ08736     		  Public Provide HumaneCare of Animals 5,000
    Seaside Heights Animal Welfare
    PO Box 125
    Seaside Hts,NJ08751     		  Public Provide HumaneCare of Animals 3,000
    Make Each One Worthwhile
    50 Berkeley Place
    Eatontown,NJ07724     		  Public Provide HumaneCare of Animals 2,500
    All Critters Rescue
    426 Main St 317
    Spotswood,NJ08884     		  Public Provide HumaneCare of Animals 2,000
    Marty's Place Senior Dog Sanctuary
    118 County Rd 526
    Allentown,NJ08501     		  Public Provide Humane Care of Animals 4,500
    Monmouth County SPCA
    PO Box 93
    Eatontown,NJ07724     		  Public Provide HumaneCare of Animals 2,500
    Ney Ney Cat Rescue
    4170 Rt 9 South 84
    Howell,NJ07731     		  Public Provide HumaneCare of Animals 4,000
    To The Rescue
    51 Old Orchard Lane
    Ocean,NJ07712     		  Public Care of Animals 1,000
    Total .................................bullet 3a 68,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 ...........     		         
    4 Dividends and interest from securities....     14 37,414  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 0 124,634
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   37,414 124,634
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    162,048
    (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.)
    8 Provides funds to achive foundation goals
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 1,400


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Michael Budalich Tax Prep 2,400      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    25 shrs Boeing Co   Purchased 2018-01 General Public 7,367 3,210     4,157  
    50 shrs Costco Wholesale Corp   Purchased 2018-08 General Public 11,476 1,485     9,991  
    600 shrs Enterprise Products Partners LP 2002-07 Purchased 2018-04 General Public 14,498 0     14,498  
    1000 shrs Ford Motor Co   Purchased 2018-11 General Public 9,495 11,488     -1,993  
    2000 shrs Investors Bancorp   Purchased 2018-12 General Public 22,960 7,835     15,125  
    300 shrs Polyone Corp   Purchased 2018-12 General Public 8,123 10,922     -2,799  
    200 shrs Schlumberger Ltd   Purchased 2018-05 General Public 13,554 6,103     7,451  
    Berkshire Hathaway Bond 2.0%   Purchased 2018-08 Bond Came Due 25,000 24,946     54  
    CVS Caremark Bond 2.250%   Purchased 2018-12 Bond Came Due 25,000 25,256     -256  
    Home Depot Inc. Bond   Purchased 2018-09 Bond Came Due 25,000 25,439     -439  
    1291 shrs Harbor International Inst   Purchased 2018-01 General Public 89,086 30,185     58,901  
    150 shrs ISHARES S&P NA Tech ETF   Purchased 2018-01 General Public 26,771 6,827     19,944  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Amgen Inc 2.125% 24,667 24,667
    Berkshire Hathaway 2% 0 0
    BP Captial 2.237% 24,930 24,930
    Cisco Sys 2.200% 23,940 23,940
    Costco 1.7% 24,729 24,729
    CVS 2.25% 0 0
    Disney 2.350% 24,280 24,280
    Hewlett Packard 3.75% 5,060 5,060
    Home Depot Inc 2.25% 0 0
    Microsoft Corp 2.125% 24,402 24,402
    Norfolk Southern 3.250% 25,066 25,066
    Oracle Corp 2.25% 24,882 24,882
    PepsiCo Inc 2.150% 24,688 24,688
    Pfizer Inc 1.950% 24,515 24,515
    Verizon Inc 3.5% 25,268 25,268
    Western Union 3.35 24,989 24,989
    Coca-Cola Co. 25,078 25,078

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M Company 28,581 28,581
    Abb Vie Inc 27,657 27,657
    Allegan PLC 6,683 6,683
    Alphabet Inc Cl C 10,356 10,356
    Aqua America 13,676 13,676
    AT&T 17,124 17,124
    Boeing 24,187 24,187
    Check Point Softwaretech 20,530 20,530
    Chevron Corp 21,758 21,758
    Chubb Corp 23,252 23,252
    Costco 30,556 30,556
    Crown Castle 16,294 16,294
    Enterprise Products Partners LP 0 0
    Federal Realty Inv Tr 35,412 35,412
    Fedex Corp 32,266 32,266
    First American Financial 17,856 17,856
    Ford Motor Corp 0 0
    Gaming and Leisure Prop 19,386 19,386
    Home Depot Inc 12,887 12,887
    Intel Corp 23,465 23,465
    Investors Bancorp 0 0
    Mid-America Apartment Comm Inc. 19,140 19,140
    Novartis 17,162 17,162
    Polyone Corp 0 0
    Phillip Morris Int 16,690 16,690
    Realty Income Corp 12,608 12,608
    Royal Dutch Shell 17,982 17,982
    Schlumberger Ltd 0 0
    Southern Company 17,568 17,568
    Unilever PLC 26,125 26,125
    United Technologies Corp 21,296 21,296
    Visa Inc 26,388 26,388
    Waste Connections 33,413 33,413
    WEC Energy 15,584 15,584
    JP Morgan Chase & Co. 19,524 19,524
    STAG Industrial Inc. 19,904 19,904
    WestRock Company 7,552 7,552

    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Harbor International   0 0
    iShares S&P North American   0 0
    iShares S&P Sm Cap 600   17,330 17,330
    T Rowe Price Mid-Cap Growth I   10,123 10,123
    Vanguard Financials ETF   11,872 11,872
    Loomis Sayles   21,892 21,892
    I Shares Expanded Tech ETF   25,757 25,757
    ALPS Alerian MLP ETF   13,095 13,095
    First TR NASDAQ Tech Index   23,821 23,821
    Oppenheimer Developing Markets   25,640 25,640
    Oppenheimer Int'l Growth   47,440 47,440
    William Blair Small Cap Growth   8,139 8,139

    TY 2018 LandEtcSchedule2
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 8,215 0 8,215  
    Building 150,854 150,854 0  
    Fixtures 43,778 43,778 0  


    TY 2018 OtherDecreasesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Description Amount
    Unrealized Appreciation of Securities 241,924


    TY 2018 OtherExpensesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 25 25    
    Insurance 2,626     2,626
    Title Search 275     275
    Telephone 48     48
    Assessment 137      
    Filing Fees 105      


    TY 2018 OtherIncomeSchedule2
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Membership Dues 1,060    


    TY 2018 OtherIncreasesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Description Amount
    Cost Basis Adjustment 4,417


    TY 2018 OtherLiabilitiesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Description Beginning of Year - Book Value End of Year - Book Value
    Spay Deposits 13,353 13,353
    Excise Tax Payable 2,072 166


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GIMCO Investment Advisory 6,976      


    TY 2018 TaxesSchedule
    Name:
    The Shelter Inc
    EIN:
    22-6070269
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax 153 153    
    Excise Tax 748