HALLORAN FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- HALLORAN FOUNDATION (EIN 25-6885444)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349105256
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T13:28:02-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 233016363 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BALDWIN FAMILY OFFICE LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 FOUR FALLS CORPORATE CENTER | AddressLine1Txt |
| Address Line2 | SUITE 2 | AddressLine2Txt |
| City | WEST CONSHOHOCKEN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19428 | 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 | 256885444 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HALLORAN FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HALL | BusinessNameControlTxt |
| Phone | 6102601555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 CONSHOHOCKEN STATE ROAD 1-202 | AddressLine1Txt |
| City | WEST CONSHOHOCKEN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19428 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HARRY HALLORAN JR | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6102601555 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIC T MECK MANAGING DIRECTOR | PreparerPersonNm |
| PTIN | P01021036 | PTIN |
| Phone | 6102601555 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| 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 | $9,610,077 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $475,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $8,870 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,870 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $256,555 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $256,555 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $79,422 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $79,422 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $819,847 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $344,847 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $177,769 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $17,777 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $159,992 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $47,492 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $4,749 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $42,743 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $44,206 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $35,922 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $15,560 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,556 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $14,004 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $70,395 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $70,395 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $7,186 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,936 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $13,777 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $13,777 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $80,652 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $72,833 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $7,819 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $457,037 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $98,851 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $344,652 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $457,037 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $98,851 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $344,652 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $362,810 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $245,996 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,744,630 | CashBOYAmt |
| Cash EOY | $3,006,989 | CashEOYAmt |
| Cash EOYFMV | $3,006,989 | CashEOYFMVAmt |
| Corporate Stock BOY | $417,341 | CorporateStockBOYAmt |
| Corporate Stock EOY | $417,341 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $417,341 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,155,798 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,172,992 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $6,102,413 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $83,334 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $83,334 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $6,317,769 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,680,656 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,610,077 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $6,317,769 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $6,680,656 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,317,769 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,680,656 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,317,769 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,680,656 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,317,769 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $362,810 | ExcessRevenueOverExpensesAmt |
| Other Increases | $77 | OtherIncreasesAmt |
| Subtotal | $6,680,656 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,680,656 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|
| LEGACY VII | P | $0 | $0 |
| LEGACY VII | P | $0 | $0 |
| PASSTHROUGH FROM K-1 (LEGACY VENTURE VI) SHORT TERM | -$23 | -$23 | |
| PASSTHROUGH FROM K-1 (LEGACY VENTURE VI) LONG TERM | $131,536 | $131,536 | |
| PASSTHROUGH FROM K-1 (LEGACY VENTURE VII) SHORT TERM | -$661 | -$661 | |
| PASSTHROUGH FROM K-1 (LEGACY VENTURE VII) LONG TERM | $124,546 | $124,546 | |
| PASSTHROUGH FROM K-1 (LEGACY VENTURE XI) LONG TERM | $1,157 | $1,157 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $256,555 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,419 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,419 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,419 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,340 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $7,340 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,921 | OverpaymentAmt |
| Applied To ES Tax | $3,921 | 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 |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.HALLORANPHILANTHROPIES.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6109404420 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 CONSHOHOCKEN STATE ROAD 1-202 | AddressLine1Txt |
| City | WEST CONSHOHOCKEN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19428 | 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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| BRIAN FERNANDES-HALLORAN | |||||||||
| 1001 CONSHOHOCKEN STATE ROAD SUITE | 1-202 | WEST CONSHOHOCKEN | PA | 19428 | EXECUTIVE DIRECTOR | 40.00 | $140,000 | $32,478 | $0 |
| NEIL HALLORAN | |||||||||
| 1001 CONSHOHOCKEN STATE ROAD SUITE | 1-202 | WEST CONSHOHOCKEN | PA | 19428 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | DEVELOPING A PROGRAM TO EXPAND IMPACT INVESTING AND EDUCATION. THE HALLORAN FOUNDATION SUPPORTED A PROGRAM TO ADVANCE IMPACT INVESTING. THE PROGRAM IS DESIGNED TO EXPAND THE IMPACT INVESTING, EDUCATIONAL ADVOCACY, RESEARCH, AND ECONOMIC DEVELOPMENT AND MONITORING. OUR WORK DRIVES SOCIAL CHANGE BY INVESTING IN AND CONNECTING SOCIAL ENTREPRENEURS AND INNOVATORS TO HELP ADDRESS SOME OF THE WORLD'S MOST PRESSING PROBLEMS. THE HALLORAN FOUNDATION HAS WORKED WITH PARTNERS LIKE B LAB INTERNATIONAL AND SOCAP TO DEVELOP PROGRAMING WITH EDUCATIONAL VALUE TO THE GLOBAL IMPACT INVESTING ECOSYSTEM. | Description1Txt |
| Expenses1 | $82,966 | Expenses1Amt |
| Description2 | DEVELOPING A LOCALIZED ENTREPRENEURIAL ECOSYSTEM IN BRADFORD, PA. THE HALLORAN FOUNDATION HAS COORDINATED WITH LOCAL, STATEWIDE AND NATIONAL PARTNERS INCLUDING THE UNIVERSITY OF PITTSBURGH, THE BRADFORD AREA ALLIANCE, BEN FRANKLIN TECHNOLOGY PARTNERS AND THE WATSON INSTITUTE TO DEVELOP EDUCATIONAL, PARTICIPATORY AND INVESTMENT OPPORTUNITIES FOR THE RESIDENTS OF MCKEAN COUNTY, PA. THE HALLORAN FOUNDATION HAS SUPPORTED THE DEVELOPMENT OF AN ANNUAL ENTREPRENEURIAL WEEKEND TRAINING AND A CREDIT-BEARING, SEMESTER-LONG ENTREPRENEURIAL PROGRAM FOR UNIVERSITY OF PITTSBURGH STUDENTS. THE HALLORAN FOUNDATION HAS COORDINATED WITH BEN FRANKLIN TECHNOLOGY PARTNERS AND THE BRADFORD AREA ALLIANCE TO LAUNCH THE BRIGHT BRADFORD FUND, HELD AT BEN FRANKLIN TECHNOLOGY PARTNERS THAT SPECIALIZES IN INVESTING IN BRADFORD-BASED TECHNOLOGY-FOCUSED BUSINESSES. THE FOUNDATION HAS WORKED WITH BRADFORD AREA ALLIANCE IN THEIR PLANNING AND IMPLEMENTATION OF A DEVELOPMENT STRATEGY FOR A BRADFORD "CATALYST" INCUBATOR. | Description2Txt |
| Expenses2 | $71,594 | Expenses2Amt |
| Description3 | DEVELOPING IMPACT INVESTING OPPORTUNITIES FOR UNDERREPRESENTED COMMUNITIES IN PHILADELPHIA. THE HALLORAN FOUNDATION HAS SUPPORTED FUND MANAGERS AND ENTREPRENEURS FROM UNDERINVESTED COMMUNITIES BY FACILITATING OPPORTUNITIES FOR THEM TO FIND INVESTMENT AND DEVELOPING RESOURCES TO SUPPORT THEIR EARLY-STAGE VENTURES. | Description3Txt |
| Expenses3 | $45,498 | Expenses3Amt |
| Description4 | SUPPORTING THE DEVELOPMENT OF A PLATFORM FOR THE PHILADELPHIA AREA IMPACT INVESTING ECOSYSTEM. THE HALLORAN FOUNDATION SUPPORTS THE DEVELOPMENT OF OPTIMPACT, AN SAS PLATFORM DEVELOPED TO SUPPORT AND GROW REGIONAL COMMUNITIES INVOLVED IN MAKING SOCIAL CHANGES THROUGH INVESTMENT IN IMPACT OPPORTUNITIES. THE OPPORTUNITIES INCLUDE IMPACT-FUNDS, PROJECTS, BUSINESSES, OR THE ACTIVITIES OF MINORITY ENTREPRENEURS. OPTIMPACT CATALYZES THE FLOW OF CAPITAL TO THESE OPPORTUNITIES TO MAXIMIZE THEIR SOCIAL AND ENVIRONMENTAL IMPACTS. | Description4Txt |
| Expenses4 | $37,749 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | INVESTMENT IN PLAIN SIGHT CAPITAL - A COMPANY THAT INVESTS IN PRE-SEED AND SEED PRODUCT-LED B2B SAAS COMPANIES THAT CAN SCALE HORIZONTALLY AND HAVE AT LEAST ONE UNDERREPRESENTED FOUNDER. | Description1Txt |
| Expenses1 | $83,334 | Expenses1Amt |
| Total | $83,334 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,500,466 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,040,960 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,541,426 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,541,426 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $143,121 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,398,305 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $469,915 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $469,915 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,419 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,419 | TotalTaxAmt |
| Distributable Before Adj | $466,496 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $466,496 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $466,496 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $344,652 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $83,334 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $427,986 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $466,496 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $345,401 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $313,391 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $299,116 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $957,908 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $427,986 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $427,986 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $38,510 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $38,510 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $919,398 | 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 | $306,891 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $612,507 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $313,391 | ExcessFromYear4Amt |
| Excess From Year3 | $299,116 | ExcessFromYear3Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,870 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $79,422 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $256,555 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $344,847 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $344,847 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HARRY R HALLORAN JR CHARITABLE TRUST | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1835 MARKET ST SUITE 2410 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $475,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $15,560 | Amt |
| Net Investment Income | $1,556 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $14,004 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | 3DEGREES | StockNm |
| EOY Book Value | $417,341 | EOYBookValueAmt |
| EOYFMV | $417,341 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (26 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CLINICAS DEL AZUCAR | AT COST | $250,000 | $250,000 |
| INVERSOR | AT COST | $289,826 | $289,826 |
| LEGACY VENTURES VI, LLC | AT COST | $818,212 | $1,838,410 |
| LEGACY VENTURES VII, LLC | AT COST | $679,058 | $2,588,281 |
| LEGACY VENTURES XI, LLC | AT COST | $135,305 | $135,305 |
| LOAN - ENLIGHTENED WORLD FOUNDATION | AT COST | $1,000 | $1,000 |
| LOAN - FROGTEK | AT COST | $50,000 | $50,000 |
| LOAN - MALO SARL (CONVERTIBLE) | AT COST | $125,000 | $125,000 |
| ONERGY (PUNAM ENERGY PRIVATE LTD) | AT COST | $47,700 | $47,700 |
| ANGAZA DESIGN, INC. - SERIES A PREFERRED | AT COST | $11,429 | $11,429 |
| BENESTREAM - COMMON STOCK | AT COST | $50,000 | $50,000 |
| CARBON LIGHTHOUSE, INC. - CLASS A COMMON | AT COST | $30,286 | $30,286 |
| CLINICAS DEL AZUCAR - SERIES B-1 PREF. | AT COST | $80,434 | $80,434 |
| FROGTEK BOP, LLC - SERIES A PREFERRED | AT COST | $13,835 | $13,835 |
| L&J INC. - SERIES B PREFERRED STOCK | AT COST | $50,000 | $50,000 |
| L&J INC. - SERIES C PREFERRED STOCK | AT COST | $5,649 | $5,649 |
| PHARMASECURE, INC - SERIES A PREFERRED | AT COST | $14,286 | $14,286 |
| PHARMASECURE, INC - SERIES B-1 PREFERRED | AT COST | $5,714 | $5,714 |
| PHARMASECURE, INC. - SERIES B PREFERRED | AT COST | $57,143 | $57,143 |
| PIGEONLY, INC. - SERIES A PREFERRED | AT COST | $71,429 | $71,429 |
| LOAN - ASSIGNED RECOVERABLE GRANT 2011 - AWETHU | AT COST | $10,000 | $10,000 |
| LOAN - PIGEONLY, INC. - SAFE NOTE DATED 2/28/17 | AT COST | $11,429 | $11,429 |
| LOAN - PIGEONLY, INC. - SAFE NOTE DATED 5/8/15 | AT COST | $20,682 | $20,682 |
| LOAN - PIGEONLY, INC. - SAFE NOTE DATED 7/31/15 | AT COST | $43,195 | $43,195 |
| SOCAP GLOBAL, PBC | AT COST | $225,000 | $225,000 |
| EMERGING IMPACT FUND III | AT COST | $76,380 | $76,380 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $44,206 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $35,922 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PLAIN SIGHT CAPITAL (PROGRAM RELATED INVESTMENT) | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $83,334 | EOYBookValueAmt |
| EOYFMV | $83,334 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES VII, LLC | $23,404 | $23,404 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES VI, LLC | $17,416 | $17,416 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - SOCIAL ENTREPRENEURS FUND | $0 | $0 | $0 |
| MARKETING/PUBLICATIONS/COMMUNICATIONS | $2,176 | $0 | $2,176 |
| DUES/SUBSCRIPTIONS | $3,375 | $0 | $3,375 |
| BANK CHARGES | $40 | $0 | $40 |
| UTILITIES | $2,228 | $0 | $2,228 |
| PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES XI, LLC | $20,551 | $20,551 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - EMERGING IMPACT FUND | $11,462 | $11,462 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ALLOC. OF INCOME FROM LEGACY VENTURE VII K-1(PASSIVE INCOME) | $52,459 | $52,459 | $52,459 |
| ALLOC. OF INCOME FROM LEGACY VENTURE VI K-1(PASSIVE INCOME) | $26,934 | $26,934 | $26,934 |
| ROYALTIES (BOOK SALES) | $34 | $34 | $34 |
| ALLOC. OF THE SOCIAL ENTREPRENEURS' FUND K-1(PASSIVE INCOME) | $0 | $0 | $0 |
| ALLOC. OF INCOME FROM FROGTEK BOP K-1 (PASSIVE INCOME) | -$5 | -$5 | -$5 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS DE MINIMIS ADJUSTMENTS | Desc |
| Amt | $77 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTANTS | $68,770 | $0 | $68,770 |
| PAYROLL PROCESSING | $1,625 | $0 | $1,625 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| 990-PF AND 990-T PAYMENTS | $5,250 | $0 | $0 |
| FOREIGN TAXES - LEGACY VENTURES VI (PASSTHROUGH FROM K-1) | $645 | $645 | $0 |
| FOREIGN TAXES - LEGACY VENTURES VII (PASSTHROUGH FROM K-1) | $1,291 | $1,291 | $0 |
| FOREIGN TAXES - LEGACY VENTURES XI (PASSTHROUGH FROM K-1) | $0 | $0 | $0 |