THE GFC FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE GFC FOUNDATION (EIN 87-0529248)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-28
- IRS object ID
- 202401809349100605
- Schema version
- 2023v5.1
- 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
- Form 990-PF
- Accounting Fees Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-28T13:34:40-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 870644612 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vigoren & Co CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 63 W 600 N | AddressLine1Txt |
| City | Lindon | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 870529248 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The GFC Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GFCF | BusinessNameControlTxt |
| Phone | 3852259564 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 754 | AddressLine1Txt |
| City | Pleasant Grove | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84062 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael J Ware | PersonNm |
| Person Title | Secretary | PersonTitleTxt |
| Phone | 3852259564 | PhoneNum |
| Signature | 2024-06-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Michael | PersonFirstNm |
| Person Last | Ware | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD W VIGOREN CPA | PreparerPersonNm |
| PTIN | P00066762 | PTIN |
| Phone | 8013772177 | PhoneNum |
| Preparation | 2024-06-28 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $15,673,775 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $76,724 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $74,969 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $197,040 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $197,040 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $164,639 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,059,816 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $164,639 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $41,888 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $9,796 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $480,291 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $446,444 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $14,750 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $6,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $6,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $52,374 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $52,374 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $4,943 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,943 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $6,343 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $10,869 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $95,779 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $63,817 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,186,591 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,186,591 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,282,370 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $63,817 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,186,591 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$802,079 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $382,627 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,413,311 | CashBOYAmt |
| Cash EOY | $44,505 | CashEOYAmt |
| Cash EOYFMV | $44,505 | CashEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl | $290,866 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $363,142 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $290,866 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $290,866 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $12,754,798 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $14,393,801 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $15,338,404 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $15,531,251 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,729,172 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $15,673,775 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $15,531,251 | RetainedEarningBOYAmt |
| Retained Earning EOY | $14,729,172 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,531,251 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,729,172 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,531,251 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,729,172 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,531,251 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$802,079 | ExcessRevenueOverExpensesAmt |
| Subtotal | $14,729,172 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $14,729,172 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PUBLICALLY TRADED SECURITIES FIDELITY SHORT TERM STOCK TRANSACTIONS | P | 2022-06-30 | 2023-06-02 | $255,872 | $0 | $272,964 | -$17,092 | $0 | $0 | $0 | -$17,092 |
| PUBLICALLY TRADED SECURITIES FIDELITY LONG TERM STOCK TRANSACTIONS | P | 2018-08-03 | 2023-02-02 | $2,411,296 | $0 | $2,518,544 | -$107,248 | $0 | $0 | $0 | -$107,248 |
| SOFI STOCK SALE | P | 2014-05-02 | 2023-06-02 | $318,211 | $0 | $31,461 | $286,750 | $0 | $0 | $0 | $286,750 |
| PUBLICALLY TRADED SECURITIES CAPITAL GAIN DISTRIBUTIONS | P | 2022-06-30 | 2023-12-31 | $17,691 | $0 | $0 | $17,691 | $0 | $0 | $0 | $17,691 |
| K-1 BRIDGE NET SECTION 1231 GAIN | P | 2020-01-01 | 2023-12-31 | $0 | $0 | $2,843 | -$2,843 | $0 | $0 | $0 | -$2,843 |
| K-1 BRIDGE ST CG | P | 2020-01-01 | 2023-12-31 | $0 | $0 | $914 | -$914 | $0 | $0 | $0 | -$914 |
| K-1 PELION VENTURES V ST CG | P | 2020-01-01 | 2023-12-31 | $0 | $0 | $2,386 | -$2,386 | $0 | $0 | $0 | -$2,386 |
| K-1 GPB CAPITAL LT CG | P | 2020-01-01 | 2023-12-31 | $3,719 | $0 | $0 | $3,719 | $0 | $0 | $0 | $3,719 |
| K-1 MERCATO PARTNERS II LT CG | P | 2020-01-01 | 2023-12-31 | $53,027 | $0 | $0 | $53,027 | $0 | $0 | $0 | $53,027 |
| K-1 MERCATO PARTNERS III LT CG | P | 2020-01-01 | 2023-12-31 | $0 | $0 | $44,825 | -$44,825 | $0 | $0 | $0 | -$44,825 |
| K-1 PETERSON VENTURE II LT CG | P | 2020-01-01 | 2023-12-31 | $0 | $0 | $21,240 | -$21,240 | $0 | $0 | $0 | -$21,240 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $164,639 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$17,092 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,319 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,319 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,319 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,600 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $3,600 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $3,600 | OriginalReturnTaxPaidAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $26 | EsPenaltyAmt |
| Tax Due | $1,745 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | UT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MICHAEL J WARE | IndividualWithBooksNm |
| Phone | 3852259564 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 754 | AddressLine1Txt |
| City | PLEASANT GROVE | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84062 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| LAURALYN B SWIM | ||||||||
| 125 E Main St 122 | AMERICAN FORK | UT | 84003 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| BRENT MCKINLEY | ||||||||
| 125 E Main St 122 | AMERICAN FORK | UT | 84003 | DIRECTOR | 2.00 | $14,750 | $0 | $0 |
| MICHALE WARE | ||||||||
| 125 E Main St 122 | AMERICAN FORK | UT | 84003 | SECRETARY | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,260,394 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $90,941 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $5,143,156 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,494,491 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,494,491 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $232,417 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,262,074 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $763,104 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $763,104 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,319 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,319 | TotalTaxAmt |
| Distributable Before Adj | $757,785 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $757,785 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $757,785 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,186,591 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,186,591 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $757,785 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,116,325 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,908,122 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,192,569 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $638,552 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,855,568 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,186,591 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $1,186,591 | RemainingDistriFromCorpusAmt |
| Total Corpus | $6,042,159 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $757,785 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,116,325 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,925,834 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,908,122 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $1,192,569 | ExcessFromYear2Amt |
| Excess From Year1 | $638,552 | ExcessFromYear1Amt |
| Excess From Current Year | $1,186,591 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AMERICAN HERITAGE SCHOOL | ||||||
| 736 N 1100 E | AMERICAN FORK | UT | 84003 | POF | GENERAL PURPOSE | $113,091 |
| INSTITUTE FOR FAMILY STUDIES | ||||||
| PO BOX 1502 | CHARLOTTESVILLE | VA | 22902 | POF | GENERAL PURPOSE | $20,000 |
| PHILANTHROPY ROUNDTABLE | ||||||
| 1120 20TH STREET NW | WASHINGTON | DC | 20036 | POF | GENERAL PURPOSE | $1,000 |
| SUTHERLAND INSTITUTE | ||||||
| 15 W SOUTH TEMPLE STE 200 | SALT LAKE CITY | UT | 84101 | POF | GENERAL PURPOSE | $1,000,000 |
| ACTION INSTITUTE | ||||||
| 98 E FULTON STREET | GRAND RAPIDS | MI | 49503 | POF | GENERAL PURPOSE | $2,500 |
| ADOPT A NATIVE ELDER | ||||||
| 328 GREGERSON AVE S | SOUTH SALT LAKE | UT | 84115 | POF | GENERAL PURPOSE | $2,500 |
| ATLAS NETWORK | ||||||
| 4075 WILSON BLVD SUITE 310 | ARLINGTON | VA | 22203 | POF | GENERAL PURPOSE | $10,000 |
| BILL OF RIGHTS INSTITUTE | ||||||
| 1310 NORTH COURTHOUSE RD 620 | ARLINGTON | VA | 22201 | POF | GENERAL PURPOSE | $10,000 |
| DC FAMILY & YOUTH INSTITUTE | ||||||
| 853 NEW JERSEY AVENUE SE SUITE 200 | WASHINGTON | DC | 20003 | POF | GENERAL PURPOSE | $5,000 |
| ECHO | ||||||
| PO BOX 4120 | SANTA CLARA | CA | 95056 | POF | GENERAL PURPOSE | $1,000 |
| FREEDOMS FOUNDATION AT VALLEY FORGE | ||||||
| PO BOX 67 | VALLEY FORGE | PA | 19481 | POF | GENERAL PURPOSE | $2,500 |
| LOGOS CLASSICAL ACADEMY | ||||||
| 3203 WASHINGTON RD | AUGUSTA | GA | 30907 | POF | GENERAL PURPOSE | $5,000 |
| YOUNIQUE FOUNDATION | ||||||
| 4101 N THANKSGIVING WAY SUITE 100 | LEHI | UT | 84043 | POF | GENERAL PURPOSE | $5,000 |
| JEFFERSON INSTITUTE | ||||||
| 160 N CAROLINA AVE SE | WASHINGTON | DC | 20003 | POF | GENERAL PURPOSE | $4,000 |
| UTAH EAGLE FORUM | ||||||
| 2486 WEST WINDING WAY | SOUTH JORDAN | UT | 84095 | POF | GENERAL PURPOSE | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,186,591 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $74,969 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,755 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $197,040 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $164,639 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (13 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| BRIDGE SENIOR HOUSING (LN 1) | 900003 | -$38,116 | ||
| GPB AUTOMOTIVE CAPITAL (LN 1) | 900003 | -$1,577 | ||
| RED BRIDGE CAPITAL | 18 | $116,867 | ||
| GPB AUTOMOTIVE CAPITAL RENTAL | 18 | $26 | ||
| BRIDGE SENIOR HOUSING | 18 | -$171 | ||
| GPB AUTOMOTIVE CAPITAL | 18 | -$528 | ||
| MERCATO PARTNERS II | 18 | -$13,169 | ||
| MERCATO PARTNERS III | 18 | -$34,861 | ||
| PELION VENTURES V | 18 | -$12,270 | ||
| PETERSON VENTURE II | 18 | -$10,432 | ||
| GPB AUTOMOTIVE CAPITAL | 18 | $4,027 | ||
| AR GLOBAL CLASS ACTION SUIT PAYMENT | 18 | $10,013 | ||
| FEDERAL TAX REFUND | 18 | $22,079 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$39,693 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $518,229 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,755 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $480,291 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | N/A | LineNumberTxt |
| Relationship Statement | US TREASURY BOND INTEREST INCOME | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SQUIRE & COMPANY TAX PREPARATION | CategoryTxt |
| Amt | $6,500 | Amt |
| Net Investment Income | $6,500 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (11 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|
| PUBLICALLY TRADED SECURITIES FIDELITY SHORT TERM STOCK SALE TRANSACTIONS | Purchased | $255,872 | $272,964 | -$17,092 | ||
| PUBLICALLY TRADED SECURITIES FIDELITY LONG TERM STOCK SALE TRANSACTIONS | Purchased | $2,411,296 | $2,518,544 | -$107,248 | ||
| SOFI TECHNOLOGIES | Purchased | $318,211 | $31,461 | $286,750 | 2014-05 | 2023-06 |
| PUBLICALLY TRADED SECURITIES CAPITAL GAIN DISTRIBUTIONS | $17,691 | $17,691 | ||||
| NET SECTION 1231 GAIN | $2,843 | -$2,843 | ||||
| K-1 BRIDGE | $914 | -$914 | ||||
| K-1 PELION VENTURES V | $2,386 | -$2,386 | ||||
| K-1 GPB CAPITAL | $3,719 | $3,719 | ||||
| K-1 MERCATO PARTNERS II | $53,027 | $53,027 | ||||
| K-1 MERCATO PARTNERS III | $44,825 | -$44,825 | ||||
| K-1 PETERSON VENTURE II | $21,240 | -$21,240 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MANAGED ACCOUNTS | $9,615,206 | $10,528,348 |
| PRIVATE HOLDINGS | $4,778,595 | $4,810,056 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| BANK FEES | $681 |
| CLOUD SERVICES | $1,165 |
| COMPLIANCE | $19 |
| FOOD FOR BOARD MTGS/SEMINARS | $7,443 |
| MAILBOX | $494 |
| OFFICE SUPPLIES | $10 |
| SOFTWARE | $90 |
| OTHER OPERATIONS | $967 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 BRIDGE SENIOR HOUSING | -$38,116 | -$38,116 |
| K-1 GPB CAPITAL | -$1,577 | -$1,577 |
| K-1 RED BRIDGE CAPITAL | $116,867 | $116,867 |
| K-1 GPB CAPITAL RENTAL INC | $26 | $26 |
| K-1 BRIDGE SENIOR HOUSING | -$171 | -$171 |
| K-1 GPB CAPITAL | -$528 | -$528 |
| K-1 MARCATO II | -$13,169 | -$13,169 |
| K-1 MARCATO III | -$34,861 | -$34,861 |
| K-1 PELION VENTURES V | -$12,270 | -$12,270 |
| K-1 PETERSON VENTURE II | -$10,432 | -$10,432 |
| K-1 GPB CAPITAL OTHER INCOME | $4,027 | $4,027 |
| AR GLOBAL CLASS ACTION SUIT PAYMENT | $10,013 | |
| FEDERAL TAX REFUND | $22,079 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MICHAEL WARE CLERICAL | $5,040 | $5,040 | $0 | $0 |
| FIDELITY MANAGEMENT FEES | $47,334 | $47,334 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAXES | $4,447 | $4,447 |
| FOREIGN TAXES | $496 | $496 |
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