THE SEALARK FOUNDATION INC C/O ROBERT J LAUGHLIN ESQ: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE SEALARK FOUNDATION INC C/O ROBERT J LAUGHLIN ESQ (EIN 13-3747240)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-31
- IRS object ID
- 202433059349101603
- 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
- Distribution From Corpus Election
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-31T11:28:19-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 274947080 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RWA TAX SOLUTIONS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PRUDENTIAL TOWER 800 BOYLSTON | AddressLine1Txt |
| Address Line2 | STREET | AddressLine2Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02199 | 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 | 133747240 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SEALARK FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SEAL | BusinessNameControlTxt |
| Phone | 8572552100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ROPES WEALTH ADVISORS 800 BOYLSTON | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021993600 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES RACKLER | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 8572552100 | PhoneNum |
| Signature | 2024-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEREDITH GRABSCHEID | PreparerPersonNm |
| PTIN | P01703981 | PTIN |
| Phone | 8572552100 | 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 | $117,930,405 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,883,447 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,867,344 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $134,562 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $29,182,470 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $134,562 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $2,018,009 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,001,906 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $569,713 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $469,713 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $100,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $45,883 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $883 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $240 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $240 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $615,836 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $470,596 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $100,240 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,825,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,825,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,440,836 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $470,596 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,925,240 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,422,827 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,531,310 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,322,880 | CashBOYAmt |
| Cash EOY | $887,556 | CashEOYAmt |
| Cash EOYFMV | $887,556 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,836,180 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,257,829 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,257,829 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $11,663,977 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $14,259,432 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $14,055,338 | USGovtObligationsEOYFMVAmt |
| Corporate Bonds BOY | $10,497,440 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $9,854,735 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $9,346,826 | CorporateBondsEOYFMVAmt |
| Mortgage Loans BOY | $3,998,363 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $6,855,879 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $5,670,576 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $74,588,434 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $65,069,046 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $85,712,280 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $103,907,274 | TotalAssetsBOYAmt |
| Total Assets EOY | $99,184,477 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $117,930,405 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $103,907,274 | CapitalStockBOYAmt |
| Capital Stock EOY | $99,184,477 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $103,907,274 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $99,184,477 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $103,907,274 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $99,184,477 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $103,907,274 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,422,827 | ExcessRevenueOverExpensesAmt |
| Other Increases | $25,030 | OtherIncreasesAmt |
| Subtotal | $99,509,477 | SubtotalAmt |
| Other Decreases | $325,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $99,184,477 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| BESSEMER TRUST | P | 2023-12-31 | $4,172,395 | $4,289,856 | -$117,461 | -$117,461 |
| BESSEMER TRUST | P | 2023-12-31 | $4,642,603 | $4,976,854 | -$334,251 | -$334,251 |
| BESSEMER TRUST | P | 2023-12-31 | $750,159 | $790,145 | -$39,986 | -$39,986 |
| BESSEMER TRUST | P | 2023-12-31 | $3,455,880 | $3,057,699 | $398,181 | $398,181 |
| NATIONAL FINANCIAL SERVICES | P | 2023-12-31 | $154,548 | $154,600 | -$52 | -$52 |
| NATIONAL FINANCIAL SERVICES | P | 2023-12-31 | $9,591,305 | $9,206,473 | $384,832 | $384,832 |
| NATIONAL FINANCIAL SERVICES | P | 2023-12-31 | $3,881,642 | $3,946,106 | -$64,464 | -$64,464 |
| NATIONAL FINANCIAL SERVICES | P | 2023-12-31 | $2,361,653 | $2,626,175 | -$264,522 | -$264,522 |
| CAPITAL GAINS DIVIDENDS | P | $172,285 | $172,285 | $172,285 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $134,562 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $21,285 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $21,285 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $21,285 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $185,590 | 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 | $185,590 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $164,305 | OverpaymentAmt |
| Applied To ES Tax | $164,305 | 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 | DE | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | ROPES WEALTH ADVISORS | IndividualWithBooksNm |
| Phone | 6179517000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 BOYLSTON ST | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021993600 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 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 | 0 | BusinessHoldingsInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|---|
| JAMES M CLARK JR | |||||||||
| C/O ROPES WEALTH ADVISORS 800 | BOYLSTON ST | BOSTON | MA | 021993600 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| KATHY M CLARK | |||||||||
| C/O ROPES WEALTH ADVISORS 800 | BOYLSTON ST | BOSTON | MA | 021993600 | VICE PRESIDENT | 2.00 | $0 | $0 | $0 |
| JAMES RACKLER | |||||||||
| C/O ROPES WEALTH ADVISORS 800 | BOYLSTON ST | BOSTON | MA | 021993600 | TREASURER, SECRETARY | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ROPES WEALTH ADVISORS | |||||
| 800 BOYLSTON ST | BOSTON | MA | 02199 | INVESTMENT MANAGEMENT AND TAX PREP | $377,675 |
| ELM RIDGE EXPLORATION CO | |||||
| 12225 GREENVILLE AVE STE 950 | DALLAS | TX | 75243 | GRANTMAKING AND ADVISORY SERVICES | $100,000 |
| BESSEMER TRUST | |||||
| 1002 SEMONTEREY COMMONS | STUART | FL | 34996 | INVESTMENT MANAGEMENT | $92,038 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $107,993,204 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,846,728 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $111,839,932 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $111,839,932 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,677,599 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $110,162,333 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,508,117 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,508,117 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $21,285 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $21,285 | TotalTaxAmt |
| Distributable Before Adj | $5,486,832 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,486,832 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,486,832 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,925,240 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,925,240 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,486,832 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $104,835 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $118,152 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $222,987 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,925,240 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,486,832 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $438,408 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $661,395 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $661,395 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $104,835 | ExcessFromYear4Amt |
| Excess From Year2 | $118,152 | ExcessFromYear2Amt |
| Excess From Current Year | $438,408 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES M CLARK JR | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ALCUIN SCHOOL | ||||||||
| 6144 CHURCHILL WAY | DALLAS | TX | 75230 | N/A | PC | GENERAL OPERATING FUND | $250,000 | |
| BACHMAN LAKE TOGETHER FOUNDATION | ||||||||
| 9507 OVERLAKE DRIVE | DALLAS | TX | 75220 | N/A | PF | GENERAL OPERATING FUND | $50,000 | |
| BARD COLLEGE AT SIMON'S ROCK | ||||||||
| 84 ALFORD RD | GREAT BARRINGTON | MA | 01230 | N/A | PC | GENERAL OPERATING FUND | $550,000 | |
| BARD COLLEGE AT SIMON'S ROCK | ||||||||
| 84 ALFORD RD | GREAT BARRINGTON | MA | 01230 | N/A | PC | GENERAL OPERATING FUND | $250,000 | |
| BARD COLLEGE AT SIMON'S ROCK | ||||||||
| 84 ALFORD ROAD | GREAT BARRINGTON | MA | 01230 | N/A | PC | GENERAL OPERATING FUND | $500,000 | |
| BARD COLLEGE AT SIMON'S ROCK | ||||||||
| 84 ALFORD ROAD | GREAT BARRINGTON | MA | 01230 | N/A | PC | GENERAL OPERATING FUND | $350,000 | |
| BARD COLLEGE AT SIMON'S ROCK | ||||||||
| 84 ALFORD ROAD | GREAT BARRINGTON | MA | 01230 | N/A | PC | GENERAL OPERATING FUND | $700,000 | |
| BAYLOR SCOTT & WHITE FOUNDATIONS | ||||||||
| 3600 GASTON AVE SUITE 100 | DALLAS | TX | 75246 | N/A | PC | GENERAL OPERATING FUND | $25,000 | |
| CAPE COD HEALTHCARE FOUNDATION INC | ||||||||
| 32 MAIN STREET | HYANNIS | MA | 02668 | N/A | PC | GENERAL OPERATING FUND | $25,000 | |
| CHILD CARE GROUP | ||||||||
| 63000 PEGASUS PARK DRIVE SUITE 800 | DALLAS | TX | 75247 | N/A | PC | GENERAL OPERATING FUND | $100,000 | |
| CHILD CARE GROUP | ||||||||
| DEVELOPMENT OFFICE 1420 WEST | DALLAS | TX | 75247 | N/A | PC | GENERAL OPERATING FUND | $100,000 | MOCKINGBIRD LANE SUITE 300 |
| DALLAS CASA | ||||||||
| DEVELOPMENT OFFICE 2757 SWISS AVE | DALLAS | TX | 75204 | N/A | PC | GENERAL OPERATING FUND | $25,000 | |
| DALLAS EDUCATION FOUNDATION | ||||||||
| 9400 NORTH CENTRAL EXPRESSWAY- | DALLAS | TX | 75231 | N/A | PC | GENERAL OPERATING FUND | $700,000 | MAILBOX 19 |
| DALLAS FOUNDATION | ||||||||
| 3000 PEGASUS PARK DR SUITE 900 | DALLAS | TX | 75247 | N/A | PC | GENERAL OPERATING FUND | $100,000 | |
| DALLAS FOUNDATION | ||||||||
| 3000 PEGASUS PARK DR SUITE 900 | DALLAS | TX | 75247 | N/A | PC | GENERAL OPERATING FUND | $150,000 | |
| FALMOUTH SERVICE CENTER INC | ||||||||
| 611 GIFFORD STREET | FALMOUTH | MA | 02541 | N/A | PC | GENERAL OPERATING FUND | $10,000 | |
| FOR OAK CLIFF | ||||||||
| 907 E LEDBETTER ST | DALLAS | TX | 75216 | N/A | PC | GENERAL OPERATING FUND | $150,000 | |
| HISTORIC HIGHFIELD INC-HIGHFIELD HALL & GARDENS | ||||||||
| DEVELOPMENT OFFICE PO BOX 464 | FALMOUTH | MA | 02541 | N/A | PC | GENERAL OPERATING FUND | $600,000 | |
| NORTH TEXAS FOOD BANK | ||||||||
| 3677 MAPLESHADE LANE | PLANO | TX | 75075 | N/A | PC | GENERAL OPERATING FUND | $50,000 | |
| OUTWARD BOUND INC | ||||||||
| PO BOX 69316 | BALTIMORE | MD | 21264 | N/A | PC | GENERAL OPERATING FUND | $25,000 | |
| PEROT MUSEUM OF NATURE AND SCIENCE | ||||||||
| DEVELOPMENT OFFICE 2201 N FIELD | DALLAS | TX | 75201 | N/A | PC | GENERAL OPERATING FUND | $25,000 | STREET |
| SCHOLARSHOT | ||||||||
| 2904 SWISS AVENUE | DALLAS | TX | 75204 | N/A | PC | GENERAL OPERATING FUND | $75,000 | |
| THE COMMIT PARTNERSHIP | ||||||||
| 3000 PEGASUS PARK DR SUITE 900 | DALLAS | TX | 75247 | N/A | PC | GENERAL OPERATING FUND | $1,000,000 | |
| THE FAMILY PLACE | ||||||||
| PO BOX 7999 | DALLAS | TX | 75209 | N/A | PC | GENERAL OPERATING FUND | $15,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,825,000 | 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 | $1,883,447 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$37,723 | ExclusionAmt |
| Related Or Exempt Function Incm | $172,285 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,845,724 | ExclusionAmt |
| Related Or Exempt Function Incm | $172,285 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,018,009 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1 | LineNumberTxt |
| Relationship Statement | N/A | RelationshipStatementTxt |
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 |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | PART XIII, UNDISTRIBUTED INCOME, LINE 4CELECTION UNDER IRC REG. SEC. 53-4942(A)-3(D)(2)PURSUANT TO IRC SECTION 4942 (H)(2) AND REGULATION 53.4942(A)-3(D)(2), THE SEALARK FOUNDATION, INC. HEREBY ELECTS TO TREAT CURRENT YEAR'S QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS.SIGNATURE: ____________________________________________NAME: ____________________________________________ | ElectionDesc |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DALLAS FOUNDATION FOR BACHMAN LAKE TOGETHER | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9507 OVERLAKE DRIVE | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75220 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2023-12-06 | GrantDt |
| Grant | $50,000 | GrantAmt |
| Purpose Of Grant | SUPPORT FOR THE BACHMAN LAKE COMMUNITY TO FULLY PREPARE CHILDREN FOR KINDERGARTENTO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FROM THE ORIGINAL PURPOSE OF THE GRANT | PurposeOfGrantTxt |
| Dates Of Reports By Grantee | JUNE 30, 2022, DECEMBER 31, 2022, JUNE 2023, JUNE 2024 | DatesOfReportsByGranteeTxt |
| Results Of Verification | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE: THEREFORE IT HAS NOT CONDUCTED ANY INDEPENDENT VERFICATION OF THE REPORTS. | ResultsOfVerificationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BESSEMER - CORPORATE BONDS | $3,403,767 | $3,392,763 |
| FIDELITY #235 - CORPORATE BONDS | $6,450,968 | $5,954,063 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $14,259,432 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $14,055,338 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BESSEMER - SECURITIES | AT COST | $22,281,272 | $32,084,064 |
| FIDELITY #234 - SECURITIES | AT COST | $42,787,774 | $53,628,216 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR CHECKS CLEARED | Desc |
| Amt | $325,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CSC EXPENSE (DELAWARE REP) | $215 | $0 | $215 |
| INVESTMENT EXPENSE | $25 | $0 | $25 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED CHANGE | $10,030 |
| OUTSTANDING CHECKS AT YEAR END | $15,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BESSEMER TRUST INVESTMENT MANAGEMENT FEES | $92,038 | $92,038 | $0 |
| ROPES WEALTH ADVISORS INVESTMENT MANAGEMENT FEES | $345,626 | $345,626 | $0 |
| ROPES WEALTH ADVISORS INVESTMENT MANAGEMENT FEES | $32,049 | $32,049 | $0 |
| ELM RIDGE EXPLORATION CO | $100,000 | $0 | $100,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES AND ADR FEES | $883 | $883 | $0 |
| 2022 ESTIMATED TAX PAYMENTS | $45,000 | $0 | $0 |