| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Indirect Accounting Fees | 7,400 | 0 | 7,400 | 0 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE, FIXTURES EQUIPMENT | 2017-05-01 | 6,644 | 6,327 | SL | 7.000000000000 | 317 | 0 | 317 | |
| TECHNOLOGY EQUIPMENT | 2017-05-01 | 10,676 | 10,676 | SL | 5.000000000000 | 0 | 0 | 0 | |
| ELECTRONIC DATA PROCESSING EQUIPMENT | 2017-05-01 | 7,166 | 7,166 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2017-08-17 | 138 | 138 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2017-09-21 | 1,564 | 1,564 | SL | 5.000000000000 | 0 | 0 | 0 | |
| DISPLAYS | 2017-10-06 | 133 | 133 | SL | 5.000000000000 | 0 | 0 | 0 | |
| DISPLAYS | 2018-05-08 | 200 | 200 | SL | 5.000000000000 | 0 | 0 | 0 | |
| FURNITURE | 2018-01-30 | 943 | 798 | SL | 7.000000000000 | 135 | 0 | 135 | |
| COMPUTER EQUIPMENT | 2021-03-05 | 1,849 | 1,048 | SL | 5.000000000000 | 370 | 0 | 370 | |
| COMPUTER EQUIPMENT | 2023-10-11 | 1,700 | 85 | SL | 5.000000000000 | 340 | 0 | 340 | |
| APPLE PRODUCT | 2023-04-24 | 1,176 | 157 | SL | 5.000000000000 | 235 | 0 | 235 | |
| PRINTER | 2023-10-11 | 700 | 35 | SL | 5.000000000000 | 140 | 0 | 140 | |
| COMPUTER EQUIPMENT | 2021-07-10 | 968 | 485 | SL | 5.000000000000 | 194 | 0 | 194 | |
| COMPUTER EQUIPMENT | 2024-03-18 | 799 | SL | 5.000000000000 | 120 | 0 | 120 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Controlled Entity | Form 990-PF, Page 4, Part VI-A Line 11 | Patron Collection IncEIN 88-2608848Address :288 Margarite Road Middletown, CT 06457Start Up CostsThis is not an excess business holding |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Charles Schwab | AT COST | 2,783,461 | 3,352,428 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE, FIXTURES EQUIPMENT | 6,644 | 6,644 | 0 | |
| TECHNOLOGY EQUIPMENT | 10,676 | 10,676 | 0 | |
| ELECTRONIC DATA PROCESSING EQUIPMENT | 7,166 | 7,166 | 0 | |
| COMPUTER EQUIPMENT | 138 | 138 | 0 | |
| COMPUTER EQUIPMENT | 1,564 | 1,564 | 0 | |
| DISPLAYS | 133 | 133 | 0 | |
| DISPLAYS | 200 | 200 | 0 | |
| FURNITURE | 943 | 933 | 10 | |
| COMPUTER EQUIPMENT | 1,849 | 1,418 | 431 | |
| COMPUTER EQUIPMENT | 1,700 | 425 | 1,275 | |
| APPLE PRODUCT | 1,176 | 392 | 784 | |
| PRINTER | 700 | 175 | 525 | |
| COMPUTER EQUIPMENT | 968 | 679 | 289 | |
| COMPUTER EQUIPMENT | 799 | 120 | 679 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal Fees | 580 | 0 | 580 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Investment in Patron | 149,424 | 261,613 | 261,613 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Office Expenses | 2,908 | 0 | 0 | 0 |
| Postage and Shipping | 208 | 0 | 208 | 0 |
| Software Subscription | 310 | 0 | 310 | 0 |
| Webhosting Subscription | 1,526 | 0 | 1,526 | 0 |
| Computer Maintenance | 61 | 0 | 61 | 0 |
| Bank Fees | 217 | 0 | 217 | 0 |
| Insurance | 1,663 | 0 | 1,663 | 0 |
| Advertising | 65 | 0 | 65 | 0 |
| Telephone and Internet | 3,449 | 0 | 3,449 | 0 |
| Employee Training | 10 | 0 | 10 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Outside Consultant | 12,700 | 0 | 12,700 | 0 |
| Graphic Designer | 1,200 | 0 | 1,200 | 0 |
| Outside Commuity Organizer | 335 | 0 | 335 | 0 |
| Name | Address |
|---|---|
|
Russo Foundation |
P O Box 660 Middletown,CT06457 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Payroll Taxes | 14,849 | 0 | 14,894 | 0 |
| State Annual Report | 150 | 0 | 150 | 0 |
| Federal Taxes Paid | 1,806 | 0 | 1,806 | 0 |
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
| Patron Collection Inc |
288 Margarite Road Middletown,CT06457 |
88-2608848 | Patron will be a For Profit/Not for Profit Corporation but needed funds for start-up costs. | 112,189 |
| Total | 112,189 | |||