FOUNDATION FOR THE GREATEST GOOD: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR THE GREATEST GOOD (EIN 52-1907725)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-30
- IRS object ID
- 202433049349100913
- 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
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-30T10:11:45-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 612119901 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHITE OAK RESOURCES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8171 MAPLE LAWN BLVD STE 375 | AddressLine1Txt |
| City | FULTON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20759 | 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 | 521907725 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation for the Greatest Good | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 2402951612 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8171 Maple Lawn Boulevard | AddressLine1Txt |
| City | Fulton | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20759 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mary C Acker | PersonNm |
| Person Title | Secretary | PersonTitleTxt |
| Phone | 2402951612 | PhoneNum |
| Signature | 2024-10-30 | 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 | Colleen McCarthy | PreparerPersonNm |
| PTIN | P01075410 | PTIN |
| Phone | 2402951613 | PhoneNum |
| Preparation | 2024-10-30 | 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 | $5,173,143 | 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 | $2,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $41,433 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $41,433 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $117,222 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $117,222 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $845 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,677,552 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $845 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $381 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | -$526 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $2,158,974 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $159,500 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $381 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $167,166 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,670 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $164,496 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $0 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $2,250 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,250 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $14,870 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $14,230 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $640 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $184,286 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $16,900 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $167,386 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $786,520 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $786,520 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $970,806 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $16,900 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $953,906 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,188,168 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $142,600 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $381 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $111,471 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $21,634 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $21,634 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| US Government Obligations BOY | $965,092 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,153,761 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,153,761 | USGovtObligationsEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $2,885,269 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,997,748 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,997,748 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,961,832 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,173,143 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,173,143 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $3,398 | AccountsPayableEOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $3,398 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,961,832 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $5,169,745 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,961,832 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,169,745 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,961,832 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,173,143 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,961,832 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,188,168 | ExcessRevenueOverExpensesAmt |
| Other Increases | $20,231 | OtherIncreasesAmt |
| Subtotal | $5,170,231 | SubtotalAmt |
| Other Decreases | $486 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,169,745 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| See Attached - Morgan Stanley ST | P | 2022-10-03 | 2023-02-16 | $381,962 | $0 | $381,581 | $381 | $0 | $0 | $0 | $381 |
| See Attached - Morgan Stanley LT | P | 2022-10-03 | 2023-11-21 | $1,292,436 | $0 | $1,295,126 | -$2,690 | $0 | $0 | $0 | -$2,690 |
| See Attached - Morgan Stanley Wash Sale | P | 2022-10-03 | 2023-11-21 | $486 | $0 | $0 | $486 | $0 | $0 | $0 | $486 |
| Tertium Fund I LP | P | 2022-10-03 | 2023-11-21 | $2,668 | $0 | $0 | $2,668 | $0 | $0 | $0 | $2,668 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $845 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $381 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,982 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,982 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,982 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $19,538 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $19,538 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$19,538 | OriginalReturnOverpaymentAmt |
| Overpayment | $17,556 | OverpaymentAmt |
| Applied To ES Tax | $17,556 | 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 | MD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | White Oak Resources LLC | IndividualWithBooksNm |
| Phone | 2402951612 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8171 Maple Lawn Blvd Ste 375 | AddressLine1Txt |
| City | Fulton | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20759 | 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 | Yes (true) | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Stewart Bainum Jr | ||||||||
| 8171 Maple Lawn BlvdSte 375 | Fulton | MD | 20759 | Trustee | 0.25 | $0 | $0 | $0 |
| Christine A Shreve | ||||||||
| 8171 Maple Lawn BlvdSte 375 | Fulton | MD | 20759 | Trustee | 0.25 | $0 | $0 | $0 |
| Mary C Acker | ||||||||
| 8171 Maple Lawn Blvd Ste 375 | Fulton | MD | 20759 | Sec./Treas. | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,264,415 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $99,318 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $327,184 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,690,917 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $3,690,917 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $55,364 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,635,553 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $181,778 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $181,778 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,982 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,982 | TotalTaxAmt |
| Distributable Before Adj | $179,796 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $179,796 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $179,796 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $953,906 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $953,906 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $179,796 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $2,398,000 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,407,311 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $20,464 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $12,275,819 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $6,913,100 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $23,014,694 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $953,906 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $179,796 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $774,110 | RemainingDistriFromCorpusAmt |
| Total Corpus | $23,788,804 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,398,000 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $21,390,804 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,407,311 | ExcessFromYear4Amt |
| Excess From Year3 | $20,464 | ExcessFromYear3Amt |
| Excess From Year2 | $12,275,819 | ExcessFromYear2Amt |
| Excess From Year1 | $6,913,100 | ExcessFromYear1Amt |
| Excess From Current Year | $774,110 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | White Oak Legacy Inc FKA Realty Inv | ContributingManagerNm |
| Contributing Manager | Mary C Acker SecretaryTreasurer is | ContributingManagerNm |
| Contributing Manager | Stewart Bainum JrTrustee contribute | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | See Attached Sch 3 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11060 Anderson Street | AddressLine1Txt |
| City | Loma Linda | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92350 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | 501c3 | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | See Attached | GrantOrContributionPurposeTxt |
| Amt | $786,520 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $786,520 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,433 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $117,222 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $845 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Tertium Fund | Desc |
| Business | 900000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$526 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$526 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $159,500 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $158,974 | 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 | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fund for the Common Good | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501c4 | OrganizationTypeDesc |
| Relationship Description | Common Directors, Trustees, Officers. | RelationshipDescriptionTxt |
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 | Estate of Jane Bainum | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8171 Maple Lawn Blvd 375 | AddressLine1Txt |
| City | Fulton | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20759 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Realty Investment Co, Inc. Accounting Services | $21,866 | $2,670 | $19,196 |
| Evan Smith Consulting | $30,000 | $30,000 | |
| Brian McGrory Consulting | $111,800 | $111,800 | |
| Heather Ciras Consulting | $3,500 | $3,500 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Acquired | 2023-01 | AcquiredDt |
| Sold | 2023-12 | SoldDt |
| Gross Sales Price | $1,677,552 | GrossSalesPriceAmt |
| Basis | $1,676,707 | BasisAmt |
| Total Net | $845 | TotalNetAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley Mutual Funds & ETFs | $3,671,378 | $3,671,378 |
| Tertium Fund I, LLC | $326,370 | $326,370 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Wash Sale | Desc |
| Amt | $486 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Fees | $14,230 | $14,230 | |
| Dues & Subscriptions | $640 | $0 | $640 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other K1 Income(loss) | Desc |
| Revenue And Expenses Per Books | -$526 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Change in Unrealized gain on investment | Desc |
| Amt | $20,231 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise Tax Paid | CategoryTxt |
Comments