VICTOR E CLARKE CHARITABLE FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- VICTOR E CLARKE CHARITABLE FOUNDATION (EIN 47-6777228)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-27
- IRS object ID
- 202432409349100408
- 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
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-27T17:41:59-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 542154636 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hickok Law Firm PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 SE 2nd Ave STE 203 | AddressLine1Txt |
| City | Delray Beach | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33444 | 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 | 476777228 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Victor E Clarke Charitable Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VICT | BusinessNameControlTxt |
| Phone | 5618195409 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 SE 2nd Ave | AddressLine1Txt |
| City | Delray Beach | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33444 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Andrew M Jackson | PersonNm |
| Person Title | Co-Trustees | PersonTitleTxt |
| Phone | 5618195409 | PhoneNum |
| Signature | 2024-08-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Robert J Hickok Esq CPA | PreparerPersonNm |
| PTIN | P01222386 | PTIN |
| Phone | 5618196219 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $107,291,804 | 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 | $131,442 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $131,442 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $4,610,790 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,610,790 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $18,530 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,885,182 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $18,530 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,760,762 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,760,762 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $10,776 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $22,090 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $170,455 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $162,108 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $42,785 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $19,000 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,242 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $269,348 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $162,108 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,430,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,430,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,699,348 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $162,108 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,430,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$938,586 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,598,654 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,750,930 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,743,646 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,746,864 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $83,192,653 | CorporateStockBOYAmt |
| Corporate Stock EOY | $78,733,634 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $95,516,201 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,363,378 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,704,972 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,680,545 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $664,152 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $507,686 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $348,194 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $657,411 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $91,628,524 | TotalAssetsBOYAmt |
| Total Assets EOY | $90,689,938 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $107,291,804 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $91,628,524 | RetainedEarningBOYAmt |
| Retained Earning EOY | $90,689,938 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $91,628,524 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $90,689,938 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $91,628,524 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $90,689,938 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $91,628,524 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$938,586 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $90,689,938 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $90,689,938 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly Traded Securities | PropertyDesc |
| Gross Sales Price | $8,885,182 | GrossSalesPriceAmt |
| Cost Or Other Basis | $8,866,652 | CostOrOtherBasisAmt |
| Gain Or Loss | $18,530 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $18,530 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $18,530 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $63,921 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $63,921 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $63,921 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,785 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $30,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $72,785 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $8,864 | OverpaymentAmt |
| Applied To ES Tax | $8,864 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Hickok Law Firm PA | IndividualWithBooksNm |
| Phone | 5618196219 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 SE 2nd Ave STE 203 | AddressLine1Txt |
| City | Delray Beach | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33444 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| Gary A Galimidi | ||||||||
| 247 Greco Ave | Coral Gables | FL | 33146 | Trustee | 10.00 | $0 | $0 | $0 |
| Andrew M Jackson | ||||||||
| 55 SE 2nd Ave | Delray Beach | FL | 33444 | Trustee | 10.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Corient Private Wealth LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 90 Park Ave FL 34 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100161333 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Brokerage - see also Stmt 5 | ServiceTypeTxt |
| Compensation | $90,895 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $34,538,654 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,140,339 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $67,826,785 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $105,505,778 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $105,505,778 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,582,587 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $103,923,191 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,196,160 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,196,160 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $63,921 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $63,921 | TotalTaxAmt |
| Distributable Before Adj | $5,132,239 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,132,239 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,132,239 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,430,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,430,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,132,239 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $173,809 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $105,415 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr1 | $951,756 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,230,980 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,430,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,132,239 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $297,761 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,528,741 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $173,809 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,354,932 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $105,415 | ExcessFromYear4Amt |
| Excess From Year1 | $951,756 | ExcessFromYear1Amt |
| Excess From Current Year | $297,761 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Andrew M Jackson | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 SE 2nd Ave | AddressLine1Txt |
| City | Delray Beach | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33444 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5618195409 | RecipientPhoneNum |
| Recipient Email Address | director@vecfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | No particular form is required. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | All recipients must: be exempt under 501(c)(3), directly and actively conduct exempt activities, and have no relationship to the foundation. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Baptist Health South Florida Foundation Inc | ||||||
| 6855 Red Rd STE 600 | Coral Gables | FL | 33143 | PC | For the organization's new women's cancer center | $2,900,000 |
| Task Force Dagger Foundation | ||||||
| PO Box 250 | Terra Ceia | FL | 34250 | PC | For the organization's general purpose of providing assistance to wounded, ill, or injured US Special Operations Command members and their families | $430,000 |
| University of Miami | ||||||
| 1320 South Dixie Hwy | Coral Gables | FL | 33146 | PC | For the university's Sylvester Comprehensive Cancer Center specifically for oncology and stem cell research | $2,100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,430,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $131,442 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $4,610,790 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $18,530 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,760,762 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,760,762 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Hickok Law Firm, P.A. | CategoryTxt |
| Amt | $22,090 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Regarding Controlled Entity | IdentifierTxt |
| Form And Line Reference | Form 990-PF page 4, Part VI-A, Line 11 | FormAndLineReferenceDesc |
| Medium Explanation | The CCH tax software generates Statement 12 of the return and references same for Line 11, Part VI-A, on page 4 of Form 990-PF. The software is generating a diagnostic indicating that said Statement 12 is generated only for the paper return and not for the electronic return due to there being no provision in the IRS electronic filing schema to prepare the schedule of controlled entities per the Form 990-PF instructions. The diagnostic recommends preparing a general explanation attachment for the required information for said Line 11, which is the reason for this general explanation attachment. The required information for said Line 11 is as follows:The Foundation owns approximately 32.93% of Gables Engineering, Inc., a Florida corporation, that operates an engineering/ aircraft parts manufacturing business and has one class of stock. It is a controlled entity under IRC s. 512(b)(13) due to attribution via IRC s. 318. The Foundation received the stock as a bequest on August 11, 2020 from the Victor E. Clarke Declaration of Trust, EIN: 46-7152621. The Foundation still held the stock on December 31, 2023. The stock appears near the middle of the page on the first page of Statement 8. The permitted holdings under IRC s. 4943(c)(2) are 0% because disqualified persons own more than 20% of the stock. The Foundation's stock holdings in the controlled entity are not excess business holdings because of the 5-year rule under IRC s. 4943(c)(6)(A). The name, address, and EIN of the controlled entity are as follows:Gables Engineering, Inc.247 Greco AvenueCoral Gables, FL 33146EIN: 59-0561349 | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (29 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AbbVie Inc 3.850% due 6-15-2024 200,000 par | $197,332 | $198,471 |
| AbbVie Inc GLB 2.600% due 11-21-2024 100,000 par | $98,038 | $97,748 |
| American Express Co 3.00% due 10-30-2024 50,000 par | $49,803 | $49,024 |
| Elevance Health GLB 2.375% due 1-15-2025 100,000 par | $97,141 | $97,039 |
| Cardinal Health 3.50% due 11-15-2024 100,000 par | $102,741 | $98,287 |
| Carlisle Companies Inc GLB 3.750% due 12-1-2027 150,000 par | $135,579 | $143,741 |
| Citigroup Inc Sub NT 4.00% due 8-5-2024 140,000 par | $144,662 | $138,429 |
| Darden Restaurants Inc Unsecured Sr Nt 3.850% due 5-1-2027 100,000 par | $109,025 | $96,746 |
| ExxonMobil Corporation GLB 2.992% due 3-19-2025 100,000 par | $99,369 | $97,982 |
| Fidelity Natl Info Services Inc 0.600% due 3-1-2024 200,000 par | $191,932 | $197,829 |
| Intel Corp GLB 3.400% due 3-25-2025 100,000 par | $100,390 | $98,258 |
| JPMorgan Chase F 4.15% due 7-29-2024 200,000 par | $200,025 | $197,796 |
| Norfolk Southern Corp GLB 2.900% due 6-15-2026 100,000 par | $102,934 | $96,017 |
| Oracle Corporation 2.950% due 11-15-2024 200,000 par | $199,125 | $195,579 |
| The Goldman Sachs G 5.000% due 9-30-2025 200,000 par | $200,025 | $198,188 |
| The Goldman Sachs G 6.000% due 12-15-2028 100,000 par | $100,025 | $100,092 |
| The Home Depot 3.750% due 2-15-2024 200,000 par | $198,164 | $199,462 |
| The Kraft Heinz Food Company 3.000% due 6-1-2026 100,000 par | $98,640 | $95,975 |
| Thermo Fisher Scientific GLB 1.215% due 10-18-2024 100,000 par | $95,169 | $96,911 |
| Visa Inc GLB 3.150% due 12-14-2025 100,000 par | $104,365 | $97,484 |
| Walt Disney Company Guarnt GLB 1.750% due 8-30-2024 100,000 par | $97,208 | $97,618 |
| Zoetis Inc 4.500% due 11-13-2025 100,000 par | $99,722 | $99,186 |
| Apple Inc 2.750% due 1-13-2025 300,000 par | $291,130 | $293,811 |
| Gilead Sciences Inc GLB 3.500% due 02-01-2025 50,000 par | $48,525 | $49,210 |
| JM Smucker Co Company Gurant GLB 3.500% due 03-15-2025 50,000 par | $48,432 | $49,027 |
| American Express Co GLB 3.950% due 08-01-2025 100,000 par | $96,738 | $98,333 |
| Crown Castle Inc 4.450% due 2-15-2026 100,000 par | $98,925 | $98,497 |
| The Goldman Sachs G 6.000% due 7-2-2026 100,000 par | $99,950 | $100,159 |
| John Deere Capital Corp 5.15% due 9-8-2026 200,000 par | $199,858 | $203,646 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (51 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AbbVie Inc (ABBV) 3,600 shares | $360,916 | $557,892 |
| Alphabet Inc Class A (GOOGL) 500 shares | $59,160 | $69,845 |
| Alphabet Inc Class C (GOOG) 7,500 shares | $417,357 | $1,056,975 |
| Amazon.com Inc (AMZN) 4,700 shares | $422,814 | $714,118 |
| Apple Inc (AAPL) 6,800 shares | $496,221 | $1,309,204 |
| Ares Management Corp (ARES) 9,300 shares | $354,948 | $1,105,956 |
| Autozone Inc (AZO) 200 shares | $493,465 | $517,122 |
| BlackRock Inc (BLK) 650 shares | $343,584 | $527,670 |
| Chevron Corporation (CVX) 1,400 shares | $160,641 | $208,824 |
| Citigroup Cap XIII Preferred 7.875% 10,000 shares | $274,072 | $285,400 |
| Costco Wholesale Co (COST) 1,800 shares | $497,476 | $1,188,144 |
| Danaher Corp (DHR) 2,000 shares | $163,594 | $462,680 |
| Dover Corp (DOV) 1,500 shares | $126,256 | $230,715 |
| Ecolab Inc (ECL) 1,850 shares | $273,536 | $366,948 |
| EnerSys (ENS) 4,100 shares | $259,932 | $413,936 |
| EOG Resources Inc (EOG) 3,300 shares | $312,550 | $399,135 |
| FleetCor Technologies (FLT) 2,500 shares | $651,611 | $706,525 |
| Gables Engineering Inc 35,775/ 108,634 shares non-public company | $61,546,865 | $67,784,000 |
| Home Depot Inc (HD) 1,400 shares | $442,558 | $485,170 |
| Johnson & Johnson (JNJ) 3,900 shares | $522,619 | $611,286 |
| JPMorgan Chase & Co (JPM) 4,700 shares | $531,883 | $799,470 |
| Linde PLC (LIN) 350 shares | $99,642 | $143,749 |
| Marvell Technology Inc (MRVL) 2,200 shares | $55,392 | $132,682 |
| McDonald's Corp (MCD) 3,100 shares | $645,962 | $919,181 |
| Merck & Co Inc (MRK) 9,100 shares | $743,054 | $992,082 |
| Microsoft Corporation (MSFT) 3,800 shares | $626,621 | $1,428,952 |
| Nike Inc (NKE) 3,000 shares | $218,880 | $325,710 |
| Nvidia Corp (NVDA) 800 shares | $143,675 | $396,176 |
| PepsiCo Inc (PEP) 6,000 shares | $810,086 | $1,019,040 |
| Progressive Corp Ohio (PGR) 7,200 shares | $482,408 | $1,146,816 |
| Roper Technologies Inc (ROP) 1,700 shares | $570,951 | $926,789 |
| ServiceNow Inc (NOW) 450 shares | $205,491 | $317,920 |
| Starbucks Corp (SBUX) 2,500 shares | $130,759 | $240,025 |
| Stryker Corp (SYK) 2,200 shares | $398,957 | $658,812 |
| Synopsys Inc (SNPS) 300 shares | $108,743 | $154,473 |
| Tetra Tech Inc (TTEK) 4,600 shares | $258,405 | $767,878 |
| Thermo Fisher Scientific Inc (TMO) 800 shares | $165,473 | $424,632 |
| TJX Companies Inc (TJX) 8,000 shares | $405,652 | $750,480 |
| Trane Technologies PLC (TT) 1,000 shares | $74,264 | $243,900 |
| UnitedHealth Group Inc (UNH) 2,100 shares | $714,386 | $1,105,587 |
| Verizon Communications Inc (VZ) 8,000 shares | $462,775 | $301,600 |
| Visa Inc (V) 3,400 shares | $570,175 | $885,190 |
| Walt Disney Co (DIS) 6,000 shares | $678,623 | $541,740 |
| Zoetis Inc (ZTS) 5,000 shares | $624,292 | $986,850 |
| Chipotle Mexican Grill Inc (CMG) 15 shares | $27,734 | $34,304 |
| ConocoPhillips (COP) 2,000 shares | $228,622 | $232,140 |
| Oracle Corp (ORCL) 1,000 shares | $88,247 | $105,430 |
| Parker-Hannifin Corp (PH) 500 shares | $176,344 | $230,350 |
| Procter & Gamble Co (PG) 700 shares | $102,603 | $102,578 |
| Goldman Sachs Group Inc Non-Cum Preferred 6.375% 4,000 shares | $101,100 | $101,080 |
| Morgan Stanley Perferred 6.375% Series I 4,000 shares | $102,260 | $99,040 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Accrued dividends reported on brokerage year-end tax reports | AT COST | $571 | $571 |
| Crown Castle Intl Co REIT (CCI) 3,000 shares | AT COST | $505,062 | $345,570 |
| Purchased corporate bond interest | AT COST | $2,053 | $2,053 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Shutts & Bowen, LLP | $7,750 | $0 | $0 |
| Hickok Law Firm, P.A. | $3,026 | $0 | $0 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt |
|---|---|
| Overpayment of IRC s. 4940 tax based on investment income | $42,785 |
| Receivable: Dec 2022 sales of publicly traded securities cash recvd Jan 2023 | $614,626 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Postage and mailing | $357 | $0 | $0 |
| Bank fees | $60 | $0 | $0 |
| GoDaddy.com services | $404 | $0 | $0 |
| Insurance for rented office | $1,222 | $0 | $0 |
| Candid.org for nonprofit research report | $2,199 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Trugman Valuation Associates valuation of Gables Engineering shares | $8,347 | $0 | $0 |
| Bank of America Private Bank custody fees | $3,580 | $3,580 | $0 |
| Inverness Counsel LLC managing assets held at Bank of America Private Bank | $39,724 | $39,724 | $0 |
| Barrett Asset Management LLC managing assets held at Charles Schwab | $27,909 | $27,909 | $0 |
| Corient Private Wealth LLC managing assets held at Charles Schwab | $90,895 | $90,895 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | IRC 4940 excise tax | CategoryTxt |
| Amt | $42,785 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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