JOHN AND AMY PHELAN FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- JOHN AND AMY PHELAN FAMILY FOUNDATION (EIN 46-1579312)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202433209349104723
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T12:48:59-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475153865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSEN SAPPERSTEIN & FRIEDLANDER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | 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 | 461579312 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN AND AMY PHELAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 5616125050 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1906 S OCEAN BOULEVARD | AddressLine1Txt |
| City | PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33480 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN C PHELAN | PersonNm |
| Person Title | PRESIDENT/TREASURER | PersonTitleTxt |
| Phone | 5616125050 | 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 | SUSIE HONG WARSAL CPA | PreparerPersonNm |
| PTIN | P00968156 | PTIN |
| Phone | 4105810800 | PhoneNum |
| Preparation | 2024-11-15 | 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 | $64,428,007 | 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 | $1,976,712 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $118,992 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $118,992 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $140,560 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $140,560 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,286,966 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,013,384 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,286,966 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,437,549 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,153,896 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,960,779 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,700,414 | 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 |
| Legal Fees Rev And Expnss | $16,562 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $190,327 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,769 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $206,889 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $7,769 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,331,255 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,331,255 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,538,144 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $7,769 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,331,255 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,422,635 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,692,645 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,562 | CashBOYAmt |
| Cash EOY | $8,034 | CashEOYAmt |
| Cash EOYFMV | $8,034 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $8,077,391 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,264,769 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,264,769 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $6,928,396 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,054,178 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $14,200,156 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $41,431,438 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $38,524,064 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $39,955,048 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $56,441,787 | TotalAssetsBOYAmt |
| Total Assets EOY | $55,851,045 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $64,428,007 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $516,217 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $389,045 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $516,217 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $389,045 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $55,925,570 | RetainedEarningBOYAmt |
| Retained Earning EOY | $55,462,000 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $55,925,570 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $55,462,000 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $56,441,787 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $55,851,045 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $55,925,570 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,422,635 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $59,348,205 | SubtotalAmt |
| Other Decreases | $3,886,205 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $55,462,000 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt |
|---|---|---|---|---|---|
| MSD CREDIT OPPORTUNITY FUND LP (STCG) | D | $3,509 | $3,509 | ||
| MSD CREDIT OPPORTUNITY FUND LP (LTCG) | D | -$252,957 | -$252,957 | ||
| CORAL ROCK INVESTMENTS LP (LTCG) | D | $340 | $340 | ||
| MSD SPARROWHAWK, LP | D | $38,678 | $38,678 | ||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (STCG) | D | $1,404 | $1,404 | ||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (STCG) | D | $18,308 | $18,308 | ||
| JNE FUND, LP | D | -$38,928 | -$38,928 | ||
| JNE FUND, LP | D | $501,703 | $501,703 | ||
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | D | $1,525 | $1,525 | ||
| 27600 SHS DELL TECHNOLOGIES | D | $2,013,384 | $2,013,384 | 2023-12-19 | $2,013,384 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,286,966 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $51,328 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $51,328 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $51,328 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $82,484 | 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 | $82,484 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $31,156 | OverpaymentAmt |
| Applied To ES Tax | $31,156 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN C PHELAN | IndividualWithBooksNm |
| Phone | 5616125050 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 | 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 (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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| JOHN C PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 | |
| AMY PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | VICE PRESIDENT/SECRETARY | 1.00 | $0 | $0 | $0 | |
| MARC LISKER | |||||||||
| C/O MSD CAPITAL 1 VANDERBILT AVENUE | NEW YORK | NY | 10017 | ASST. TREASURER/SECRETARY | 1.00 | $0 | $0 | $0 | 26TH FLOOR |
| ABIGAIL MAKENZIE MOON PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | BOARD MEMBER | 1.00 | $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 |
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 | $12,565,714 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,052,133 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $39,955,048 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $60,572,895 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $60,572,895 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $908,593 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $59,664,302 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,983,215 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,983,215 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $51,328 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $52,711 | IncomeTaxAmt |
| Total Tax | $104,039 | TotalTaxAmt |
| Distributable Before Adj | $2,879,176 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,879,176 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,879,176 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,331,255 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,331,255 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,879,176 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,319,859 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,331,255 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,319,859 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $11,396 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,867,780 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOHN C PHELAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| HARVARD BUSINESS SCHOOL FORWARD FELLOWSHIP | |||||||
| SOLDIERS FIELD | BOSTON | MA | 02163 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $550,000 |
| NATIONAL MEDAL OF HONOR MUSEUM | |||||||
| 1717 E RANDOL MILL ROAD | ARLINGTON | TX | 76011 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $250,000 |
| PHELAN FAMILY FOUNDATION DAF | |||||||
| 165 TOWNSHIP LINE ROAD SUITE 1200 | JENKINTOWN | PA | 19046 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $50,000 |
| PROSTATE CANCER FOUNDATION | |||||||
| 1250 FOURTH STREET | SANTA MONICA | CA | 90401 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $100,000 |
| THE AMERICAN FUND FOR LSE | |||||||
| 450 SEVENTH AVENUE SUITE 1109 | NEWPORT | RI | 02841 | NONE | PC | LSE CENTENNIAL FUND | $1,381,255 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,331,255 | 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 | $118,992 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $140,560 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,152,721 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,286,966 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBTI FROM PARTNERSHIPS | Desc |
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $284,828 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $284,828 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,699,239 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,984,067 | 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 Person | JOHN C PHELAN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,976,712 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 27,600 SHS DELL TECHNOLOGY | NoncashPropertyDesc |
| Fair Market Value | $1,976,712 | FairMarketValueAmt |
| Received | 2023-12-15 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 25,985 SHS APOLLO GLOBAL MANAGEMENT INC | $711,208 | $2,421,542 |
| 18,200 SHS BERKSHIRE HATHAWAY INC-CL B | $3,278,011 | $6,491,212 |
| 1,380 SHS INVESCO QQQ TRUST SERIES 1 | $249,497 | $565,138 |
| 2,200 SHS ISHARES RUSSELL 2000 ETF | $249,205 | $441,562 |
| 3,235 SHS SPDR S&P 500 ETF TRUST | $749,059 | $1,537,628 |
| 5,630 SHS VANGUARD S&P 500 ETF | $1,501,175 | $2,459,184 |
| 18,838 SHS ALAUNOS THERAPEUTICS INC | $190,241 | $1,332 |
| 5,691 SHS DINE BRANDS GLOBAL INC | $125,782 | $282,558 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS L.P. | FMV | $532,321 | $538,444 |
| JNE FUND LP | FMV | $3,629,138 | $3,863,779 |
| MSD AQUA PARTNERS L.P. | FMV | $911,657 | $2,895,731 |
| MSD CREDIT OPPORTUNITY FUND L.P. | FMV | $5,639,054 | $3,224,869 |
| MSD ENERGY INVESTMENTS L.P. | FMV | $224,277 | $3,087 |
| MSD GEO PARTNERS, L.P. | FMV | $2,499,578 | $2,498,351 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND L.P. | FMV | $2,314,791 | $2,049,060 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 L.P. | FMV | $1,521,712 | $2,002,594 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | FMV | $2,927,310 | $2,821,527 |
| MSD SPARROWHAWK L.P. | FMV | $203,050 | $326,103 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | FMV | $1,366,566 | $1,113,580 |
| PARALLAXES CAPITAL OPPORTUNITY FUND IV LP | FMV | $614,334 | $787,365 |
| VALENCE8 DIRECTIONAL (OFFSHORE) LTD | FMV | $10,000,000 | $10,815,042 |
| VALENCE8 DIVERSIFIED (OFFSHORE) LTD | FMV | $5,000,000 | $5,735,296 |
| VALENCE8 PE 2022 (OFFSHORE) LP | FMV | $740,276 | $848,923 |
| VALENCE8 PE 2023 CAYMAN FUND LP INV | FMV | $400,000 | $431,297 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LEGAL FEES | $927 | $0 | $0 |
| PROFESSIONAL FEES | $15,635 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BEGINNING OF YEAR VALUATION DIFFERENCES | $1,909,493 |
| DIFFERENCES BETWEEN FMV OF DONATED STOCK AND TAX COST BASIS | $1,976,712 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS LP | $23,013 | $23,013 | $23,013 |
| JNE FUND LP | $69,938 | $69,938 | $69,938 |
| MSD AQUA PARTNERS LP | -$975 | -$975 | -$975 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP | $36,883 | $36,883 | $36,883 |
| MSD ENERGY INVESTMENTS LP | $97 | $97 | $97 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP | $230,198 | $230,269 | $230,198 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | $447,332 | $447,332 | $447,332 |
| MSD RING PARTNERS, LP | $1,226 | $2,290 | $1,226 |
| MSD SPARROWHAWK LP | $2,206 | $2,206 | $2,206 |
| MSD GEO PARTNERS, L.P. | -$1,412 | -$1,412 | -$1,412 |
| MSD CREDIT OPPORTUNITY FUND LP | $390,581 | $390,621 | $390,581 |
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | -$46,366 | -$46,366 | -$46,366 |
| UBTI FROM PARTNERSHIPS | $284,828 | $284,828 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO MSD RING PARTNERS, LP | Desc |
| BOY Book Value | $516,217 | BOYBookValueAmt |
| EOY Book Value | $389,045 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $182,558 | $0 | $0 |
| FOREIGN TAXES | $7,769 | $7,769 | $0 |
Comments