FACUNDO AND AMALIA BACARDIFOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FACUNDO AND AMALIA BACARDIFOUNDATION INC (EIN 20-4763176)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-29
IRS object ID
202401209349100045
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-29T14:54:53-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204763176EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Facundo & Amalia Bacardi Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFACUBusinessNameControlTxt
Phone3052855588PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 Sunset Drive PHAddressLine1Txt
CityCoral GablesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFacundo L BacardiPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-04-29SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFacundo LPersonFirstNm
Person LastBacardiPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$620,788FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,075InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,075InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,075InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$9,662DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,662DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,662DividendsAdjNetIncmAmt
Total Rev And Expnss$10,737TotalRevAndExpnssAmt
Total Net Invst Incm$10,737TotalNetInvstIncmAmt
Total Adj Net Incm$10,737TotalAdjNetIncmAmt
Interest Rev And Expnss$7InterestRevAndExpnssAmt
Interest Net Invst Incm$7InterestNetInvstIncmAmt
Other Expenses Rev And Expnss$280OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$98OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$287TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$105TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,287TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$105TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,550ExcessRevenueOverExpensesAmt
Net Investment Income$10,632NetInvestmentIncomeAmt
Adjusted Net Income$10,737AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$27,578CashBOYAmt
Cash EOY$2,290CashEOYAmt
Cash EOYFMV$2,290CashEOYFMVAmt
Sav And Temp Cash Invst BOY$386,626SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$393,774SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$393,774SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$215,743CorporateStockBOYAmt
Corporate Stock EOY$224,440CorporateStockEOYAmt
Corporate Stock EOYFMV$224,440CorporateStockEOYFMVAmt
Other Assets BOY$284OtherAssetsBOYAmt
Other Assets EOY$284OtherAssetsEOYAmt
Other Assets EOYFMV$284OtherAssetsEOYFMVAmt
Total Assets BOY$630,231TotalAssetsBOYAmt
Total Assets EOY$620,788TotalAssetsEOYAmt
Total Assets EOYFMV$620,788TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$630,231NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$620,788NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$630,231TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$620,788TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$630,231TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$620,788TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$630,231TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,550ExcessRevenueOverExpensesAmt
Other Increases$5,107OtherIncreasesAmt
Subtotal$620,788SubtotalAmt
Tot Net Ast Or Fund Balances EOY$620,788TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$148InvestmentIncomeExciseTaxAmt
Subtotal$148SubtotalAmt
Tax Based On Investment Income$148TaxBasedOnInvestmentIncomeAmt
Tax Due$148TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Facundo L BacardiBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3052855588PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11515 Sunset Drive PenthouseAddressLine1Txt
CityCoral GablesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Facundo L Bacardi
1515 Sunset Drive PenthouseCoral GablesFL33143President1.00$0
Elizabeth L Bacardi
1515 Sunset Drive PenthouseCoral GablesFL33143Vice President1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$218,325AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$403,671AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$284FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$622,280TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$622,280AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,334CashDeemedCharitableAmt
Net Vl Noncharitable Assets$612,946NetVlNoncharitableAssetsAmt
Minimum Investment Return$30,647MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$30,647MinimumInvestmentReturnAmt
Tax Based On Investment Income$148TaxBasedOnInvestmentIncomeAmt
Total Tax$148TotalTaxAmt
Distributable Before Adj$30,499DistributableBeforeAdjAmt
Distributable Before Ded$30,499DistributableBeforeDedAmt
Distributable As Adjusted$30,499DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,000ExpensesAndContributionsAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30,499DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$105,344ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$105,216ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$258,199ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$119,745ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$76,140ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$664,644TotalExcessDistributionCyovAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$25,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$5,499ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$5,499ExcessDistributionCyovAppCYAmt
Total Corpus$659,145TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$99,845ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$559,300ExcessDistriCyovToNextYrAmt
Excess From Year4$105,216ExcessFromYear4Amt
Excess From Year3$258,199ExcessFromYear3Amt
Excess From Year2$119,745ExcessFromYear2Amt
Excess From Year1$76,140ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Educate for Tomorrow
217 NE 97 StreetMiami SharesFL33138NonePCEducation$10,000
Annika Foundation
10524 Moss Park Road Suite 204-408OrlandoFL32832NonePCEducation$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,075ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,662ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,737ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,737TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescAccrued incomeDesc
BOY Book Value$284BOYBookValueAmt
EOY Book Value$284EOYBookValueAmt
EOYFMV$284EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$37$37
Excise Tax$182
Licenses$61$61

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.