CLARE ROSE FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CLARE ROSE FOUNDATION INC (EIN 06-1480029)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403199349105845
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T17:55:07-06:00 | 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 | 061480029 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Clare Rose Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | CLAR | 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 | Anne Vincent | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-11-14 | 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 | $6,950,015 | 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 | $13,400 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $4,889 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,845 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $70,652 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $70,194 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $157,507 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,208,103 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $153,897 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $222,395 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $169,850 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $58,598 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $468,843 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $398,786 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $58,598 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $180,472 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $2,107 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $178,365 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $16,342 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $16,342 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $600 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $346,401 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $123,400 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $19,150 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $202,054 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $1,967 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,935 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $601 | TaxesRevAndExpnssAmt |
| Occupancy Rev And Expnss | $24,853 | OccupancyRevAndExpnssAmt |
| Occupancy Adj Net Incm | $5,103 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $19,750 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $12,704 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Adj Net Incm | $7,508 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,196 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $2,295 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Adj Net Incm | $1,459 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $836 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $175,880 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $65,767 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $23,271 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $82,553 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $762,115 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $191,102 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $58,598 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $505,696 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $848,534 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $848,534 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,610,649 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $191,102 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $58,598 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,354,230 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,141,806 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $207,684 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $246,492 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $112,498 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $112,498 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $208,249 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,237 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,290 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,365,868 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,441,743 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,228,543 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $78,184 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $78,184 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $50 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $552,003 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $667,377 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $606,634 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $4,450,796 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,302,039 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,950,015 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $209,490 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $220,762 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $209,490 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $220,762 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $4,241,306 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,081,277 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,241,306 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,081,277 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,450,796 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,302,039 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,241,306 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,141,806 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,099,500 | SubtotalAmt |
| Other Decreases | $18,223 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,081,277 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly-traded Securities | $6,208,103 | $6,055,557 | $152,546 | $152,546 |
| Passthrough K1 Capital Gain/(Loss) | $3,114 | |||
| ALLOCATED TO UBTI-ACQ INDEBTEDNESS | -$1,763 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $153,897 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,887 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,887 | SubtotalAmt |
| Tax Based On Investment Income | $2,887 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,210 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $4,100 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $5,310 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1 | EsPenaltyAmt |
| Overpayment | $2,422 | OverpaymentAmt |
| Applied To ES Tax | $2,422 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CT | 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 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| Elise Furer | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| Anne Vincent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres | 25.0 | $0 | $0 | $0 |
| Edward Vincent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| William Vincent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mr Matthew D'Arrigo | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3850 N WILKE ROAD | AddressLine1Txt |
| City | ARLINGTON HEIGHTS | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | 0 | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $150,000 | CompensationAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Janine Mason | |||||
| 12825 Harwick Lane | San Diego | CA | 92130 | Philanthropic | $207,423 |
| HighTower Advisors | |||||
| 61 jessup road | WESTPORT | CT | 068804312 | Investment Mgmt | $116,177 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CREATIVE YOUTH DEVELOPMENT INITIATIVE: EDUCATING/ADVOCATING FOR CREATIVE YOUTH DEV LOCALLY CONNECTING SAN DIEGO TO OTHER EFFORTS NATIONALLY & SERVING TO SPUR INNOVATION REGIONALLY | Description1Txt |
| Expenses1 | $18,501 | Expenses1Amt |
| Description2 | FIELDSTONE LEADERSHIP NETWORK:STRENGTHEN NONPROFIT COMMUNITY BY PROVIDING CONTINUUM OF PRGMS TO DEVELOP EXEC LEADERSHIP, INCREASE AGNCY CAPACITY & SUSTAIN A COLLABRTVE, VIBRANT NTWK | Description2Txt |
| Expenses2 | $77,209 | Expenses2Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,240,788 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $248,104 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $606,634 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,095,526 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $36,621 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,058,905 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $105,884 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $6,953,021 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $347,651 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $347,651 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,887 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,887 | TotalTaxAmt |
| Distributable Before Adj | $344,764 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $344,764 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $344,764 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,354,230 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,354,230 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $344,764 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $128,087 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $175,711 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $675,596 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $842,630 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $964,561 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,786,585 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,354,230 | QualifyingDistributionsAmt |
| Applied To Current Year | $344,764 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,009,466 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,796,051 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $128,087 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,667,964 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $175,711 | ExcessFromYear4Amt |
| Excess From Year3 | $675,596 | ExcessFromYear3Amt |
| Excess From Year2 | $842,630 | ExcessFromYear2Amt |
| Excess From Year1 | $964,561 | ExcessFromYear1Amt |
| Excess From Current Year | $1,009,466 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| A REASON TO SURVIVE | |||||||
| 200 E 12TH ST | NATIONAL CITY | CA | 91950 | N/A | PC | General & Unrestricted | $25,000 |
| A STEP BEYOND | |||||||
| 340 N ESCONDIDO BLVD | ESCONDIDO | CA | 92025 | N/A | PC | General & Unrestricted | $10,000 |
| ART OF ELAN | |||||||
| 6165 RADCLIFFE DR | SAN DIEGO | CA | 92122 | N/A | PC | General & Unrestricted | $10,000 |
| BOCON INC | |||||||
| PO BOX 152481 | SAN DIEGO | CA | 92195 | N/A | PC | General & Unrestricted | $5,000 |
| CENTER FOR HOPE AND STRENGTH INC | |||||||
| PO BOX 6790 | SAN DIEGO | CA | 92166 | N/A | PC | General & Unrestricted | $100,000 |
| CLARE ROSE FOUNDATION CENTER FOR CREATIVE YOUTH DE | |||||||
| 3105 GOLDSMITH ST | SAN DIEGO | CA | 92106 | N/A | PC | General & Unrestricted | $285,000 |
| DISCO RIOT | |||||||
| 4152 MISSISSIPPI ST 5 | SAN DIEGO | CA | 92104 | N/A | PC | General & Unrestricted | $10,000 |
| GIRLS ON THE RUN OF SAN DIEGO | |||||||
| 8148 RONSON RD STE O | SAN DIEGO | CA | 92111 | N/A | PC | General & Unrestricted | $50,000 |
| HIGHSTEPPERS DRILL TEAM INC | |||||||
| 3919 TEAK ST | SAN DIEGO | CA | 92113 | N/A | PC | General & Unrestricted | $20,000 |
| IZCALLI ESCVELA DE LA RAZA | |||||||
| PO BOX 50208 | SAN DIEGO | CA | 92165 | N/A | PC | General & Unrestricted | $10,000 |
| LIVING COAST DISCOVERY CENTER | |||||||
| 1000 GUNPOWDER POINT DR | CHULA VISTA | CA | 91910 | N/A | PC | Professional development grant for Clare Rose sabb | $3,500 |
| NATIONAL GUILD FOR COMMUNITY ARTS EDUCATION INC | |||||||
| 520 8TH AVE RM 302 | NEW YORK | NY | 10018 | N/A | PC | General & Unrestricted | $205,000 |
| PARTNERSHIP FOR CHILDREN AND YOUTH | |||||||
| 1121 L ST STE 205 | SACRAMENTO | CA | 95814 | N/A | PC | Membership for Steering Committee for California A | $1,000 |
| THE AJA PROJECT | |||||||
| 4089 FAIRMOUNT AVE | SAN DIEGO | CA | 92105 | N/A | PC | General & Unrestricted | $15,000 |
| THE DAVIDS HARP FOUNDATION INC | |||||||
| 705 16TH ST | SAN DIEGO | CA | 92101 | N/A | PC | Travel for ED for Arts Advocacy Day | $534 |
| THE DAVIDS HARP FOUNDATION INC | |||||||
| 705 16TH ST | SAN DIEGO | CA | 92101 | N/A | PC | General & Unrestricted | $25,000 |
| TRANSCENDANCE YOUTH ARTS PROJECT | |||||||
| 5700 EL CAJON BLVD | SAN DIEGO | CA | 92115 | N/A | PC | General & Unrestricted | $20,000 |
| TRAUMA FOUNDATION | |||||||
| 16150 AGATE PASS RD | BAINBRIDGE ISLAND | WA | 98110 | N/A | PC | General & Unrestricted | $50,000 |
| VILLA MUSICA | |||||||
| 10373 ROSELLE ST STE 170 | SAN DIEGO | CA | 92121 | N/A | PC | Professional development fund for Clare Rose Sabba | $3,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $848,534 | 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 | $4,889 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $70,652 | 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) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,847 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $155,660 | 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 (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | -$6,116 | 14 | $169,913 | |
| EXEMPT FUNCTION INCOME | $58,598 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$4,269 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $401,114 | ExclusionAmt |
| Related Or Exempt Function Incm | $58,598 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $455,443 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Amt | $600 | Amt |
| Disbursements Charitable Prps | $600 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| form 990-PF | form 990-pf | ONE OR MORE PARTNERSHIPS IN WHICH THE FOUNDATION WAS INVESTED IN 2023 HAVE PROVIDED A SCHEDULE K-1 INDICATING THAT A SCHEDULE K-3 WOULD BE PROVIDED, BUT IT WAS NOT PROVIDED. AS A RESULT, THERE IS INSUFFICIENT INFORMATION TO ALLOW FOUNDATION SOURCE, AS TAX PREPARER, TO ASCERTAIN WHETHER THERE IS MISSING INFORMATION ABOUT DIRECT OR INDIRECT FOREIGN INVESTMENTS THAT MIGHT HAVE AFFECTED ANY ITEM ON THIS RETURN OR REQUIRED ADDITIONAL FORMS TO BE FILED. THE FOUNDATION HAS PREPARED THIS RETURN TO THE BEST OF ITS ABILITY AND WITHOUT ANY FOREIGN FILINGS FOR SUCH PARTNERSHIPS BASED ON THE INFORMATION PROVIDED TO IT BY THESE PARTNERSHIPS AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION. |
| Part 1 Line 6a | Part 1 Line 6a | PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $155,660 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $1,847 TOTAL PART I, LINE 6A: $157,507 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $6,208,103 BOOK BASIS: $6,055,557 NET GAIN/(LOSS): $152,546 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $3,114 ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): $(1,763) |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | LEHMAN BRTHRS HLDGRRBOND - 0.0 | BondNm |
| EOY Book Value | $78,184 | EOYBookValueAmt |
| EOYFMV | $50 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (35 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALLEGION PLC | $13,430 | $15,836 |
| AMAZON COM | $343,473 | $1,215,519 |
| AMERICAN TOWER REIT INC | $16,939 | $17,702 |
| APPLE INC | $519,719 | $2,425,877 |
| APPLIED MATERIALS INC | $13,696 | $19,448 |
| BERKSHIRE HATHAWAY INC DEL CL | $445,155 | $1,085,250 |
| BROADCOM INC | $8,675 | $20,093 |
| CARRIER GLOBAL | $15,901 | $17,752 |
| CINTAS CRP | $12,355 | $21,696 |
| CISCO SYSTEMS INC | $91,765 | $116,196 |
| CORTEVA INC | $16,949 | $13,274 |
| CSX CORP | $16,012 | $17,786 |
| GOLDMAN SACHS BDC INC | $77,903 | $85,864 |
| INTUIT | $11,565 | $18,126 |
| LEHMAN BROTHERS HOLDINGS INC. | $40,118 | |
| LOWES COMPANIES INC | $15,921 | $15,801 |
| MASTERCARD INC | $14,456 | $18,340 |
| MICROCHIP TECHNOLOGY INC | $14,942 | $18,487 |
| MICROSOFT CORP | $57,693 | $92,506 |
| MOODYS CORP | $12,665 | $17,966 |
| MSCI INC | $14,824 | $16,970 |
| ORACLE CORP | $147,523 | $316,290 |
| PROCTER GAMBLE CO | $44,427 | $87,924 |
| PUT - SPX @4650 - EXP 12/29/23 | $29,600 | $105 |
| PUT - SPX @4700 - EXP 12/29/23 | $6,005 | $25 |
| PUT - SPX @4750 - EXP 01/31/24 | $54,060 | $45,100 |
| READY CAPITAL CORPORATION | $111,106 | $73,759 |
| ROPER INDUSTRIES | $12,912 | $17,991 |
| SHERWIN-WILLIAMS CO | $13,868 | $18,402 |
| STARBUCKS CORP COM | $12,873 | $14,305 |
| THERMO FISHER SCIENTIFIC INC | $15,802 | $18,047 |
| UNITEDHEALTH GROUP INC | $9,409 | $15,268 |
| VISA INC | $13,751 | $17,183 |
| WAL-MART STORES INC | $181,771 | $315,300 |
| ZOETIS INC | $14,480 | $18,355 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,237 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,290 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ARMADA WASTE MANAGEMENT, LP | $14,646 | $8,277 |
| GPB AUTOMOTIVE PORTFOLIO, LP | $88,142 | $82,305 |
| STAR MOUNTAIN SBIC FUND, LP | $531,376 | $459,911 |
| VIRTUS REAL ESTATE CAPITAL II, | $33,213 | $56,141 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $18,223 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| Administrative Fees | $45,430 | $45,430 | ||
| Bank Charges | $179 | $176 | ||
| Computers/Electronic Devices | $1,883 | $1,883 | ||
| Digital Subscriptions | $773 | $773 | ||
| Foundation Dues & Memberships | $4,630 | $4,630 | ||
| K-1 Exp ARMADA WASTE MANAGEMEN | $1 | |||
| K-1 Exp GPB AUTOMOTIVE PORTFOL | $289 | $2 | ||
| K-1 Exp STAR MOUNTAIN SBIC FUN | $69,581 | $65,589 | ||
| K-1 Exp VIRTUS REAL ESTATE CAP | $6 | |||
| DCA EXPENSES | $29,607 | $6,336 | $23,271 | |
| Office & Supplies | $4,567 | $4,567 | ||
| Postage/Delivery Service | $682 | $682 | ||
| SOCIAL MEDIA/ADVERTISING EXP | $100 | $100 | ||
| State or Local Filing Fees | $150 | $150 | ||
| Training & Professional Develo | $14,195 | $14,195 | ||
| Website Hosting/Support | $2,807 | $2,807 | ||
| SECURITY DEPOSIT | $1,000 | $1,000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| K-1 Inc/Loss ARMADA WASTE MANAGEMENT, LP | -$2,659 | ||
| K-1 Inc/Loss GPB AUTOMOTIVE PORTFOLIO, LP | -$375 | $2,669 | |
| K-1 Inc/Loss STAR MOUNTAIN SBIC FUND, LP | $174,455 | $168,816 | |
| K-1 Inc/Loss VIRTUS REAL ESTATE CAPITAL II, LP | -$7,624 | -$1,635 | |
| exempt function income | $58,598 | $58,598 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OUTSTANDING OPTIONS | Desc |
| BOY Book Value | $209,490 | BOYBookValueAmt |
| EOY Book Value | $220,762 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment Management Services | $125,197 | $123,400 | ||
| Philanthropic Consulting Srvcs | $221,204 | $19,150 | $202,054 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2023 | $400 |
| STATE INCOME TAX 2022 | $201 |
Comments