TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	70,700
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	65,033	65,033	65,033
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	296,570
b	Gross sales price for all assets on line 6a 2,499,330
7	Capital gain net income (from Part IV, line 2)...		296,570
8	Net short-term capital gain.........
9	Income modifications...........			0
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....		0		0
11	Other income (attach schedule).......	List of Attached Documents: // Content	12	0	0
12	Total. Add lines 1 through 11........	432,315	361,603	65,033
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	0	0	0	0
15	Pension plans, employee benefits.......	0	0	0	0
16a	Legal fees (attach schedule).........		0	0	0	0
b	Accounting fees (attach schedule).......		0	0	0	0
c	Other professional fees (attach schedule)....		0	0	0	0
17	Interest...............	0	0	0	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	4,217	217	217	0
19	Depreciation (attach schedule) and depletion...		0	0	0
20	Occupancy..............	0	0	0	0
21	Travel, conferences, and meetings.......	0	0	0	0
22	Printing and publications..........	0	0	0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	20,029	18,650	18,650	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	24,246	18,867	18,867	0
25	Contributions, gifts, grants paid.......	176,818			174,818
26	Total expenses and disbursements. Add lines 24 and 25	201,064	18,867	18,867	174,818
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	231,251
b	Net investment income (if negative, enter -0-)		342,736
c	Adjusted net income (if negative, enter -0-)...			46,166

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	250,919	139,433	139,433
	2	Savings and temporary cash investments.........	51,898	110,867	110,867
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	217,403	List of Attached Documents: // Content 102,668	90,017
	b	Investments—corporate stock (attach schedule).......	1,755,975	List of Attached Documents: // Content 1,551,186	1,728,041
	c	Investments—corporate bonds (attach schedule).......	132,434	List of Attached Documents: // Content 735,726	713,587
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	15	Other assets (describe )	0	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,408,629	2,639,880	2,781,945
	17	Accounts payable and accrued expenses..........	0	0
	18	Grants payable.................	0	0
	19	Deferred revenue.................	0	0
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......		0
	22	Other liabilities (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 0
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	2,408,629	2,639,880
	29	Total net assets or fund balances (see instructions).....	2,408,629	2,639,880
	30	Total liabilities and net assets/fund balances (see instructions).	2,408,629	2,639,880

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

2,408,629

Enter amount from Part I, line 27a .....................

231,251

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

2,639,880

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,639,880

(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	Public Traded Securities
b
c
d
e

(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	2,499,330	0	2,202,760	296,570
b
c
d
e

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			296,570
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	296,570
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 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,764
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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	4,764
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	4,764
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	1,785
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	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,785
8	Enter any penalty for underpayment of estimated tax. Check here 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.......		9	2,979
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

(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
Robert Colucci List of Attached Documents: // Content	Director 10.00	0	0	0
85 E Matunuck Farm Drive Wakefield,RI02879
Daniel J Sullivan Jr List of Attached Documents: // Content	Director 10.00	0	0	0
16 Garwaine Drive Lincoln,RI02865
Nicole Diebold List of Attached Documents: // Content	Director 10.00	0	0	0
22 Kendall Drive Lincoln,RI02865

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

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					132,616
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......	52,254
b From 2019......	0
c From 2020......	0
d From 2021......	88,901
e From 2022......	0
f Total of lines 3a through e ........		141,155
4Qualifying distributions for 2023 from Part
XI, line 4: $ 174,818
a Applied to 2022, 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)........
d Applied to 2023 distributable amount.....					132,616
e Remaining amount distributed out of corpus		42,202
5 Excess distributions carryover applied to 2023.
(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		183,357
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 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
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 2018 not applied on line 5 or line 7 (see instructions) ...		52,254
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		131,103
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	88,901
d Excess from 2022....	0
e Excess from 2023....	42,202

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, 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 IX, 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

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:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
American Heart Association 1 State Street Providence,RI02908	No Relationship	PC	General Support	20,000
Pawtucket Soup Kitchen PO Box 3102 Pawtucket,RI02861	No Relationship	PF	Hunger Relief Meals	4,000
We Share Hope 310 Bourne Avenue Building 70 Rumford,RI02916	No Relationship	PC	Food Pantries in Schools	22,000
Vermont Farm Fund co Center for an Agricultural Economy PO Box 422 140 Junction Road Hardwick,VT05843	No Relationship	PC	Disaster Relief	5,000
Maui Food Bank 760 Kolu Street Wailuko,HI96793	No Relationship	PC	Disaster Relief	6,832
Dana-Farber Cancer Institute PO Box 849168 Boston,MA02356	No Relationship	PC	General Support	500
Project 31 PO Box 5301 Edmund,OK73083	No Relationship	PC	General Support	250
World Central Kitchen 200 Massachusetts Ave NW 7th Floor Washington,DC20001	No Relationship	PC	Disaster Relief	35,000
Direct Relief 6100 Wallace Becknell Road Santa Barbara,CA93117	No Relationship	PC	Disaster Relief	20,000
Doctors Without Borders PO Box 5030 Hagerstown,MD21741	No Relationship	PC	Disaster Relief	15,000
Abercrombie and Kent Philanthropy 1411 Opus Place Executive Towers W Suite 300 Downers Grove,IL60515	No Relationship	PC	General Support	500
Northern RI Chamber of Commerce 6 Blackstone Valley Place Suite 402 Lincoln,RI02865	No Relationship	PC	General Support	515
Global Pearls Inc PO Box 67080 Alburquerque,NM87193	No Relationship	PC	Amal's Morocco Earthquake Relief	10,000
Anangu Communities Foundation Trust Level 10 123 Pitt Street Sydney,NSW02000 AF	No Relationship	PC	Disaster Relief	6,996
RI Hospital Foundation 593 Eddy Street Providence,RI02903	No Relationship	PC	General Support	20,000
One Tree Planted 145 Pine Haven Shores Road 1000D Shelburne,VT05482	No Relationship	PC	General Support	2,725
Global Compact Network USA 685 Third Avenue Floor 12 New York City,NY10017	No Relationship	PC	Disaster Relief	7,500
Total ................................. 3a				176,818

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

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	(e) Related or exempt function income (See instructions.)
a		0		0	0
b		0		0	0
c		0		0	0
d		0		0	0
e		0		0	0
f		0		0	0
		0		0	0
gFees and contracts from government agencies
2 Membership dues and assessments ....		0		0	0
3 Interest on savings and temporary cash investments ...........		0		0	0
4 Dividends and interest from securities ....		0	14	65,033	0
5 Net rental income or (loss) from real estate:
aDebt-financed property......		0		0	0
bNot debt-financed property.....		0		0	0
6 Net rental income or (loss) from personal property		0		0	0
7 Other investment income .....		0		0	0
8 Gain or (loss) from sales of assets other than inventory ............		0	18	296,570	0
9 Net income or (loss) from special events:		0		0	0
10 Gross profit or (loss) from sales of inventory		0		0	0
11 Other revenue: a		0		0	0
b		0		0	0
c		0		0	0
d		0		0	0
e		0		0	0
12 Subtotal. Add columns (b), (d), and (e) ..		0		361,603	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	23017649
Software Version:	V2.0


(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










Total number of other employees paid over $50,000...................

bApproved for future payment

Total ................................. 3b

Name of organization COLLETTE FOUNDATION

Part I Contributors	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	Collette Travel Service Inc 162 Middle Street Pawtucket, RI02860	$ 65,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization COLLETTE FOUNDATION		Employer identification number 20-8256603

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) (2023)


Name of organization COLLETTE FOUNDATION			Employer identification number 20-8256603
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.) $ Use duplicate copies of Part III if additional space is needed.

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income
Office Supplies	141	0	0
Bank Fees	19,838	18,650	18,650
Annual Report	50	0	0