KAMATH FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- KAMATH FAMILY FOUNDATION (EIN 83-2414428)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202403189349101435
- 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
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-13T12:19:55-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 832414428 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kamath Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | KAMA | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | rekha pai kamath | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| 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 | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,623,414 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $41,534 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $41,534 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $62,414 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $62,414 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$42,561 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $994,445 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $709 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $709 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $62,096 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $104,657 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $2,070 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,070 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,400 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $7,771 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $7,771 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $25,568 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $7,467 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $18,101 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $36,809 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $7,467 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $27,942 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $89,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $89,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $125,809 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $7,467 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $116,942 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$63,713 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $97,190 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $294,327 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,171,048 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,171,048 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $977,844 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $3,256,736 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,197,574 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,115,458 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $139,049 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $147,985 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $249,272 | OtherInvestmentsEOYFMVAmt |
| Other Assets EOY | $87,636 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $87,636 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $4,667,956 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,604,243 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,623,414 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $4,667,956 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,604,243 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,667,956 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,604,243 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,667,956 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,604,243 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,667,956 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$63,713 | ExcessRevenueOverExpensesAmt |
| Subtotal | $4,604,243 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $4,604,243 | 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 | $994,445 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,037,006 | CostOrOtherBasisAmt |
| Gain Or Loss | -$42,561 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$42,561 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$42,561 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,351 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,351 | SubtotalAmt |
| Tax Based On Investment Income | $1,351 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,523 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $1,523 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $172 | OverpaymentAmt |
| Applied To ES Tax | $172 | 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 | DE | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 WALLS DRIVE FL 3 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | 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 | false | BusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | 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 |
|---|---|---|---|---|---|---|---|---|
| Anil Kamath | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Treas | 1.0 | $0 | $0 | $0 |
| Rekha Pai Kamath | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec | 15.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | UNITUS VENTURES OPPORTUNITY FUND I, LP - TO HELP ALLEVIATE POVERTY AND COMMUNITY DETERIORATION IN UNDERDEVELOPED AND DEVELOPING ECONOMIES. | Description1Txt |
| Expenses1 | $90,000 | Expenses1Amt |
| Total | $90,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,404,383 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $891,203 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $249,272 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,544,858 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,544,858 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $68,173 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,476,685 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $223,834 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $223,834 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,351 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,351 | TotalTaxAmt |
| Distributable Before Adj | $222,483 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $222,483 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $222,483 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $116,942 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $90,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $206,942 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $222,483 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $206,820 | UndistributedIncomePYAmt |
| Qualifying Distributions | $206,942 | QualifyingDistributionsAmt |
| Applied To Year1 | $206,820 | AppliedToYear1Amt |
| Applied To Current Year | $122 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $222,361 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Anil Kamath | ContributingManagerNm |
| Contributing Manager | Rekha Pai Kamath | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| EL CAMINO HOSPITAL FOUNDATION | |||||||
| 2500 GRANT RD | MT VIEW | CA | 94040 | N/A | PC | South Asian Heart Center | $1,000 |
| FFWD | |||||||
| 1002A OREILLY AVE | SAN FRANCISCO | CA | 94129 | N/A | PC | General & Unrestricted | $25,000 |
| INTELEHEALTH INC | |||||||
| 1014 W 36TH ST UNIT 93 | BALTIMORE | MD | 21211 | N/A | PC | General & Unrestricted | $10,000 |
| LEGACY GLOBAL PROGRAMS | |||||||
| 4435 E HOLMES AVE STE 200 | MESA | AZ | 85206 | N/A | PC | LaunchHER fund | $15,000 |
| NEYTHRI INC | |||||||
| 1130 FOREST AVE | PALO ALTO | CA | 94301 | N/A | PC | General & Unrestricted | $1,000 |
| SILICON VALLEY SOCIAL VENTURE FUND | |||||||
| 222 6TH ST | KANSAS CITY | MO | 64163 | N/A | PC | General & Unrestricted | $20,000 |
| TONIIC INSTITUTE | |||||||
| PO BOX 6866 | BEND | OR | 97708 | N/A | PC | General & Unrestricted | $7,000 |
| VJTI INTERNATIONAL ALUMNI ASSOCIATION | |||||||
| 3242 VINTAGE OAKS CT | SAN JOSE | CA | 95148 | N/A | PC | General & Unrestricted | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $89,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,534 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $62,414 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$42,561 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $709 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $62,096 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $62,096 | TotalIncomeProducingActyAmt |
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 |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Unitus Ventures Opportunity Fund I LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 Westlake Ave N Suite 510 | AddressLine1Txt |
| City | Seattle | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2023-10-17 | GrantDt |
| Grant | $90,000 | GrantAmt |
| Purpose Of Grant | PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | PurposeOfGrantTxt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | SEE GENERAL EXPLANATION ATTACHMENT | DatesOfReportsByGranteeTxt |
| Results Of Verification | None necessary | ResultsOfVerificationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FormAndLineReferenceDesc |
| Medium Explanation | PRI RECIPIENT: Unitus Ventures Opportunity Fund I, LP AMOUNT OF PRI: $90,000 DATE OF PRI: 10/17/2023 PURPOSE OF PRI: To help alleviate poverty and community deterioration by investing in start up companies in underdeveloped communities. REPORTS OF AMOUNTS EXPENDED: RECIPIENT IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2024. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (26 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AIRBNB | $36,348 | $27,228 |
| ALPHABET INC CL C | $29,875 | $56,372 |
| AMAZON COM | $21,206 | $30,388 |
| APPLE INC | $42,967 | $96,265 |
| BOEING CO | $12,557 | $26,066 |
| CHEVRON CORP | $6,681 | $14,916 |
| COSTCO WHOLESALE CORPORATION | $37,549 | $66,008 |
| INVESCO QQQ TRUST | $431,425 | $511,900 |
| LULULEMON ATHLETICA INC | $32,000 | $51,129 |
| META PLATFORMS INC | $80,101 | $106,188 |
| MICROSOFT CORP | $18,644 | $37,604 |
| MORGAN STANLEY INSTL. MID CAP | $10,000 | $4,100 |
| NETFLIX INC | $35,560 | $48,688 |
| PALO ALTO NETWORKS INC | $22,809 | $88,464 |
| PAYPAL HOLDINGS, INC | $36,087 | $12,282 |
| PROSHARES ULTRAPRO QQQ | $1,493,786 | $2,124,330 |
| SKYWORKS SOLUTIONS, INC | $27,706 | $22,484 |
| SPDR S&P 500 ETF TRUST | $173,525 | $190,124 |
| TECHNOLOGY SPDR | $21,246 | $38,496 |
| UBER | $19,418 | $30,785 |
| UNITED CONTINENTAL HOLDINGS IN | $45,315 | $41,260 |
| VANGUARD DIVIDEND APPRECIATION | $170,805 | $170,400 |
| VANGUARD ESG US STOCK ETF | $38,440 | $42,530 |
| VANGUARD SMALL-CAP VALUE ETF | $165,185 | $179,970 |
| WALT DISNEY HOLDINGS CO | $174,800 | $90,290 |
| ZOOM VIDEO COMMUNICATIONS INC | $13,539 | $7,191 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BCVFUND | $56,531 | $61,056 |
| CAPRIA OPPORTUNITIES, LP - BET | $91,454 | $188,216 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Document Review/Drafting | CategoryTxt |
| Legal Fees | $2,070 | LegalFeesAmt |
| Disbursements Charitable Prps | $2,070 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRI - UNITUS VENTURES OPP FUND | Desc |
| EOY Book Value | $87,636 | EOYBookValueAmt |
| EOYFMV | $87,636 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $13,195 | $13,195 | |
| K-1 Exp BCVFUND | $4,464 | $4,464 | |
| K-1 Exp CAPRIA OPPORTUNITIES, | $639 | $639 | |
| K-1 Exp PRI - UNITUS VENTURES | $2,364 | $2,364 | |
| PRI CATCH-UP FEE | $4,813 | $4,813 | |
| Postage/Delivery Service | $68 | $68 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss BCVFUND | Desc |
| Revenue And Expenses Per Books | $709 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $709 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2023 | $1,200 |
| 990-PF Extension for 2022 | $200 |
Comments