2024-11-25T09:47:52-06:00 2024-03-31 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE RD STE 310 WILMINGTON DE 19805 990 2023-04-01 510100699 TRUSTEES OF THE NEW CASTLE COMMON TRUS 3023222809 807 FRENCHTOWN ROAD NEW CASTLE DE 19720 DAVID A BALDINI TREASURER 3023222809 2024-11-25 1 0 GEORGE G FOURNARIS CPA P00536236 3022250600 2024-11-25 2023 2024-10-15 13:58:12Z DAVID A BALDINI 807 FRENCHTOWN ROAD NEW CASTLE DE 19720 11777510 0 X WWW.TRUSTEESNCC.ORG X 1764 DE TO PRESERVE AND ENHANCE ASSETS OF THE TRUSTEES OF THE NEW CASTLE COMMON (TNCC) FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. 13 13 3 0 0 0 3200 0 0 0 -66841 619546 3121208 3272656 3057567 3892202 587914 607696 0 0 81263 113038 0 0 0 2275401 2307789 2944578 3028523 112989 863679 17513772 18524486 942056 502606 16571716 18021880 TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. 0 0 2808118 607696 3272656 BENEFITS FOR THE INHABITANTS AND PRESERVATION OF NEW CASTLE. 2808118 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X X X DAVID A BALDINI 3023222809 807 FRENCHTOWN ROAD NEW CASTLE DE 19720 X TINA L MASIELLO ASSISTANT SECRETARY 2.50 X X 0 0 0 F DEASCANIS ASSISTANT TREASURER 2.50 X X 0 0 0 CHRISTOPHER DEASCANIS PRESIDENT 2.50 X X 0 0 0 MICHAEL J ALFREE SR SECRETARY 2.50 X X 0 0 0 DAVID A BALDINI TREASURER 2.50 X X 0 0 0 PETER J TONER TRUSTEE 2.50 X 0 0 0 THOMAS A EPISCOPO TRUSTEE 2.50 X 0 0 0 GREGORY T YACUCCI TRUSTEE 2.50 X 0 0 0 THOMAS L CLAYTON SR TRUSTEE 2.50 X 0 0 0 THOMAS H WILSON JR TRUSTEE 2.50 X 0 0 0 MARSHA A CORCORAN TRUSTEE 2.50 X 0 0 0 FRED G GALLAGHER JR VICE PRESIDENT 2.50 X X 0 0 0 REGINA S MARINI TRUSTEE 2.50 X 0 0 0 0 0 0 0 0 0 0 ANTONIO LAWN SERVICE LLC 8 WEST 9TH STREET NEW CASTLE DE 19720 MOWING/LANDSCAPING 290491 CIRILLO BROS INC 761 GRATHAM LANE NEW CASTLE DE 19720 CONTRACTING/CONSTRUCTION 186662 2 268638 268638 3272656 0 3272656 3272656 3272656 8236216 7885308 350908 350908 350908 3892202 3272656 0 619546 509446 509446 98250 98250 104948 74191 30757 8090 5719 2371 48748 48748 44104 44104 53342 53342 5875 5875 31613 31613 1288389 1288389 928 928 296015 292420 3595 66303 66303 REPAIRS & MAINTENANCE 472472 472472 3028523 2808118 220405 0 115630 293164 17419 68397 68579 50830 11670957 4079616 7738376 7591341 9238397 10168476 328834 341595 6537 10683 17513772 18524486 37669 24183 138018 185631 120223 201250 646146 91542 942056 502606 X 7478463 8498291 9093253 9523589 16571716 18021880 17513772 18524486 863679 586485 0 X X 0 1 X 1 0 X X 5 NEW CASTLE COUNTY PUBLIC LIBRARY 510102644 7 0 55000 286278 NEW CASTLE HISTORICAL SOCIETY 510072188 7 0 13000 53439 GOODWILL FIRE COMPANY 510070987 7 0 160000 97335 CITY OF NEW CASTLE 516000170 7 0 225000 174184 NEW CASTLE SENIOR CENTER 510412683 7 0 18000 0 5 471000 611236 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 X PART IV, SECTION A: LINE 1 TNCC IS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF DELAWARE WHICH HOLDS UNDER TRUST FIDUCIARY OBLIGATIONS AND MANAGES UNDER CORPORATE FIDUCIARY OBLIGATIONS THE PROPERTIES KNOWN AS THE NEW CASTLE COMMON. TNCC WAS INCORPORATED IN 1764 AND REINCORPORATED BY THE DELAWARE STATE ASSEMBLY IN 1792. THE PURPOSE OF TNCC IS TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. AS OF JANUARY 1, 1970, AND AT ALL TIMES THEREAFTER, TNCC MET AND CONTINUES TO MEET THE REQUIREMENTS SET FORTH IN REGULATIONS SECTION 1.509(A)-4(I)(9). PART IV, SECTION A: LINE 6 TNCC GRANTED SCHOLARSHIPS TOTALLING $98,250 TO COLLEGE BOUND CITY OF NEW CASTLE INHABITANTS. 9093253 498011 30962 36713 9523589 9786132 -622846 30962 39071 9093253 9900727 -35731 30962 47902 9786132 7965869 1965820 30962 9900727 8870048 -872821 31358 7965869 1.00000 0 0 1765052 1765052 9651486 3916385 5735101 180674 163231 17443 73745 73745 7591341 DEPOSITS 27859 ENVIRONMENTAL LIABILITIES 53000 ROU LIABILITY 10683 91542 X 5036581 586485 611236 1197721 3838860 53342 53342 3892202 3586417 611236 611236 2975181 53342 53342 3028523 PART X, LINE 2: TNCC IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL, STATE OR LOCAL INCOME TAX IN THE FINANCIAL STATEMENTS. IN ADDITION, TNCC HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A 'PRIVATE FOUNDATION' WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. TNCC ADHERES TO ASC 740-10, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF A RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2020, 2021 AND 2022 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVCIE. HOWEVER, TNCC IS NOT CURRENTLY UNDER AUDIT NOR HAS TNCC BEEN CONTACTED BY THIS JURISDICTION. INTEREST AND PENALTIES RELATED TO INCOME TAXES ARE INCLUDED IN INCOME TAX EXPENSE WHEN INCURRED. 1 NEW CASTLE SENIOR CENTER 400 SOUTH STREET NEW CASTLE DE 19720 410412683 501(C)(3) 55000 0 TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. NEW CASTLE HISTORICAL SOCIETY 2 EAST 4TH STREET NEW CASTLE DE 19720 510072188 501(C)(3) 13000 0 TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. GOODWILL FIRE COMPANY 401 SOUTH STREET NEW CASTLE DE 19720 510070987 501(C)(3) 160000 0 TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. CITY OF NEW CASTLE 220 DELAWARE STREET NEW CASTLE DE 19720 516000170 501(C)(3) 225000 0 TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. NEW CASTLE COUNTY PUBLIC LIBRARY 424 DELAWARE STREET NEW CASTLE DE 19720 510102644 501(C)(3) 18000 0 TO PRESERVE AND ENHANCE THE ASSETS OF TNCC FOR THE BENEFIT OF THE INHABITANTS OF NEW CASTLE. SCHOLARSHIPS TO RESIDENTS OF NEW CASTLE COUNTY WHO ARE COMPLETING AN UNDERGRADUATE PROGRAM AT AN ACCREDITED COLLEGE OR UNIVERSITY. 21 98250 PART I, LINE 2: TNCC MAKES GRANTS FOR SPECIFIC PURPOSES, THE GRANT AWARDS' PURPOSES AND AMOUNTS ARE SET FORTH IN AWARD LETTERS. TNCC DISBURSES FUNDS ONLY UPON THE RECEIPT OF INVOICES, DOCUMENTING THE USE OF THE FUNDS. FORM 990, PART VI, SECTION A, LINE 2 THOMAS EPISCOPO, IS THE UNCLE OF GREG YACUCCI, WHO IS A TRUSTEE. CHRISTOPHER DEASCANIS AND FRANCIS DEASCANIS ARE BOTH BROTHERS AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE TREASURER AND A REVIEW IS CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ARTICLE IN THE BYLAWS THAT REQUIRES MEMBERS OF THE BOARD TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AND A MEMBER CAN NOT VOTE ON ANY RESOLUTION OR MOTION IN WHICH HE HAS AN INTEREST; AND FURTHER THAT TNCC WILL COMPLY WITH THE PROCEDURES AS SET FORTH IN THE CONFLICTS OF INTEREST POLICY ADOPTED BY TNCC IN 2023. FORM 990, PART VI, SECTION C, LINE 18 TNCC MAKES FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 CAN ALSO BE FOUND ON GUIDESTAR.ORG AND TRUSTEESNCC.ORG. FORM 990, PART VI, SECTION C, LINE 19 TNCC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT CPA.