GERRY FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GERRY FOUNDATION INC (EIN 14-1798234)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443199349102559
- 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
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T10:58:13-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141798234 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gerry Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GERR | BusinessNameControlTxt |
| Phone | 8452952400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 311 | AddressLine1Txt |
| City | Liberty | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12754 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Eric Frances | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 8452952400 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
| 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 | $149,275,289 | 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 | $2,982,261 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,225,890 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,225,979 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,621,800 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,613,693 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $52,200 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $52,200 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $52,200 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$38,112 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,810,239 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,282,860 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $433,968 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,278,007 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,174,732 | 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 |
| Accounting Fees Rev And Expnss | $63,192 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $63,192 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,182,452 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,071,028 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $3,333 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $286,282 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $286,282 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $226,933 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $52,071 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $78,024 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $206,532 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,657,203 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $422,597 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,233,733 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,622,594 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,831,978 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,378,282 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,594,276 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,565,621 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $10,216,870 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,831,978 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,943,903 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,938,863 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,342,754 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $372,847 | CashBOYAmt |
| Cash EOY | $250 | CashEOYAmt |
| Cash EOYFMV | $250 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $11,876,071 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,817,193 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,817,193 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $135,703 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $148,039 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $148,039 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $22,550,675 | CorporateStockBOYAmt |
| Corporate Stock EOY | $23,122,717 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $24,493,410 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $57,426,545 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $60,543,182 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $101,202,780 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $16,989,834 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,376,217 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $18,899,363 | LandBOYAmt |
| Land EOY | $14,613,617 | LandEOYAmt |
| Land EOYFMV | $14,613,617 | LandEOYFMVAmt |
| Total Assets BOY | $111,261,204 | TotalAssetsBOYAmt |
| Total Assets EOY | $107,244,998 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $149,275,289 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $77,343 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $77,343 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $111,183,861 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $107,244,998 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $111,183,861 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $107,244,998 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $111,261,204 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $107,244,998 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $111,183,861 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,938,863 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $107,244,998 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $107,244,998 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| Redemption of Alternative Investments | P | $1,341,787 | $1,341,787 | $1,341,787 | |
| Short Term Gains from LP Investments | P | $844,214 | $844,214 | $844,214 | |
| Long Term Gains from LP Investments | P | $473,021 | $473,021 | $473,021 | |
| Write-down of land | P | $0 | $0 | ||
| Publicly Traded Securities | D | $5,781 | $121 | $121 | $5,660 |
| Publicly Traded Securities | D | $3,144,975 | $2,623,695 | $2,623,695 | $521,280 |
| Publicly Traded Securities | P | $461 | $22 | $22 | $439 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,282,860 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $88,164 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $88,164 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $88,164 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $63,567 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $113,567 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $25,403 | OverpaymentAmt |
| Applied To ES Tax | $25,403 | 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 |
| Org Report Or Register State | NY | 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 | Eric Frances | IndividualWithBooksNm |
| Phone | 8452952400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 311 | AddressLine1Txt |
| City | Liberty | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12754 | 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 | 0 | 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 (9 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 |
|---|---|---|---|---|---|---|---|---|
| Sandra Gerry | ||||||||
| 5811 Pelican Bay Blvd Ste 400 | Naples | FL | 34108 | Director | 2.00 | $0 | $0 | $0 |
| Annelise Gerry | ||||||||
| 5811 Pelican Bay Blvd Ste 400 | Naples | FL | 34108 | Director | 2.00 | $0 | $0 | $0 |
| Robyn Gerry | ||||||||
| 5811 Pelican Bay Blvd Ste 400 | Naples | FL | 34108 | Director | 2.00 | $0 | $0 | $0 |
| Adam Gerry | ||||||||
| 5811 Pelican Bay Blvd Ste 400 | Naples | FL | 34108 | Director/President | 5.00 | $0 | $0 | $0 |
| Peter Racette | ||||||||
| PO Box 311 | Liberty | NY | 12754 | Asst. Secretary | 5.00 | $0 | $0 | $0 |
| Michael Fitzpatrick | ||||||||
| PO Box 311 | Liberty | NY | 12754 | Secretary | 5.00 | $0 | $0 | $0 |
| Eric Frances | ||||||||
| PO Box 311 | Liberty | NY | 12754 | Treasurer | 5.00 | $0 | $0 | $0 |
| Ronald Greenberg | ||||||||
| 1221 Avenue of the Americas 25th Fl | New York | NY | 10020 | Asst. Treasurer | 2.00 | $0 | $0 | $0 |
| Alan Gerry | ||||||||
| PO Box 311 | Liberty | NY | 12754 | Director/Chairperson | 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 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Granite Associates Inc | |||||
| 5811 Pelican Bay Blvd Ste 400 | Naples | FL | 34108 | Investment Management | $1,179,119 |
| Grant Thornton LLP | |||||
| 33570 Treasury Center | Chicago | IL | 60964 | Accounting Services | $63,192 |
| 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 | $18,198,328 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,170,481 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $100,792,780 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $126,161,589 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $126,161,589 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,892,424 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $124,269,165 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,213,458 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,213,458 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $88,164 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $54,158 | IncomeTaxAmt |
| Total Tax | $142,322 | TotalTaxAmt |
| Distributable Before Adj | $6,071,136 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $6,071,136 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $6,071,136 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,943,903 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $38,173 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $7,982,076 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,071,136 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $986,726 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,297,551 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,806,390 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $5,090,667 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,982,076 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,071,136 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,910,940 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $7,001,607 | 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 | $986,726 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,014,881 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,297,551 | ExcessFromYear4Amt |
| Excess From Year3 | $1,806,390 | ExcessFromYear3Amt |
| Excess From Current Year | $1,910,940 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Alan Gerry | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Igor Birman | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 311 | AddressLine1Txt |
| City | Liberty | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12754 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8452952400 | RecipientPhoneNum |
| Form And Info And Materials | Letter including all pertinent information and purpose of funds | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Preferentially Sullivan County, NY | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Bethel Woods Center for the Arts | |||||||
| PO Box 222 | Liberty | NY | 12754 | N/A | PC | In June 2023, the Gerry Foundation contributed land to Bethel Woods Center for the Arts, Inc. with a book value of $4,096,144. Fair market value of the land per appraisals was determined to be $731,000. The difference between the fair market value and the foundation's book value resulted in a write-down of $3,365,144. | $731,000 |
| Catskill Animal Rescue Inc | |||||||
| 263 Old Monticello Road | Ferndale | NY | 12754 | N/A | PC | Community Beautification Projects | $512 |
| Cornell University | |||||||
| 140 Sibley Hall | Ithaca | NY | 14853 | N/A | GOV | Support for the College of Veterinary Medicine | $30,000 |
| From Abrams Capital Partners II LP (EIN 04-3455023) 2023 K-1 | |||||||
| 222 Berkeley Street | Boston | MA | 02116 | N/A | NC | Charitable Contribution per 2023 K-1 | $21 |
| Memorial Sloan Kettering | |||||||
| 633 3rd Avenue 28th Fl | New York | NY | 10017 | N/A | PC | Support for the Metastasis and Tumor Ecosystem Center | $4,000,000 |
| NYS Troops PBA Signal 30 Benefit Fund | |||||||
| 48 Howard Street | Albany | NY | 12207 | N/A | PC | Special Event Sponsorship | $10,000 |
| Rent My Escape | |||||||
| 82 1/2 Watkins Avenue | Middletown | NY | 10940 | N/A | NC | Community Beautification Projects | $500 |
| Sullivan 180 Inc | |||||||
| PO Box 311 | Liberty | NY | 12754 | N/A | PC | Funding for programs and projects that further the mission to improve the health and well-being of the residents of Sullivan County, NY by changing policies, systems and programs that will improve overall quality of life. | $1,522,243 |
| Town of Liberty | |||||||
| 120 North Main St | Liberty | NY | 12754 | N/A | GOV | Community Beautification Projects | $150,000 |
| Town of Rockland | |||||||
| PO Box 964 | Livingston Manor | NY | 12758 | N/A | GOV | Community Beautification Projects | $50,000 |
| Village of Monticello | |||||||
| 2 Pleasant Street | Monticello | NY | 12701 | N/A | GOV | Community Beautification Projects | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,594,276 | 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 | $1,225,890 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,621,800 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $52,200 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $396,479 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $37,489 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$38,112 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $396,479 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,899,267 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,295,746 | 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 | Alan Gerry | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 311 | AddressLine1Txt |
| City | Liberty | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12754 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,978,150 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 40,977 shares of Albertson's Companies, Inc. stock | $858,058 | 2023-06-14 |
| 1 | 24,995 shares of Freshworks, Inc. stock | $561,888 | 2023-08-11 |
| 1 | 4,641 shares of Advanced Drainage Systems Inc. stock | $567,362 | 2023-08-18 |
| 1 | 1,156 shares of Transdigm Group, Inc. stock | $990,842 | 2023-08-18 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Grant Thornton, LLP | CategoryTxt |
| Amt | $63,192 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $63,192 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rent My Escape | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82 1/2 Watkins Avenue | AddressLine1Txt |
| City | Middletown | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10940 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2022-10-12 | GrantDt |
| Grant | $500 | GrantAmt |
| Purpose Of Grant | Project: Signage. Mini grant which is part of a larger project to beautify Sullivan County, NY. The entire project benefits Sullivan County and its residents. | PurposeOfGrantTxt |
| Expended By Grantee | $500 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | No | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 02/04/2023 | DatesOfReportsByGranteeTxt |
| Results Of Verification | The grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Equity Investments | StockNm |
| EOY Book Value | $23,122,717 | EOYBookValueAmt |
| EOYFMV | $24,493,410 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Alternative Investments | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $60,543,182 | BookValueAmt |
| EOYFMV | $101,202,780 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Repairs & Maintenance | $19,123 | $11,549 | $7,574 |
| Common Area Maintenance Fees | $1,190,000 | $0 | $1,190,000 |
| Licenses | $745 | $0 | $745 |
| Advertising | $702 | $0 | $702 |
| Insurance | $30,953 | $4,144 | $26,809 |
| Utilities | $19,305 | $11,659 | $7,646 |
| Personnel Expenses | $20 | $0 | $20 |
| Bank Charges | $135 | $135 | $0 |
| Stationary & Supplies | $92 | $0 | $92 |
| Postage | $145 | $0 | $145 |
| Ordinary Loss from Limited Partnerships | $395,110 | $395,110 | $0 |
| Nondeductible Expenses | $873 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Tax Exempt Income from Limited Partnership | $37,489 | $0 | $37,489 |
| Gain Reported on Form 990-T (Includes net cap gain) | $396,479 | $0 | $396,479 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Kathleen Davidoff (Consulting) | $3,333 | $0 | $3,333 |
| Management Fees | $1,179,119 | $1,071,028 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Real Estate Taxes | $99,199 | $24,834 | $74,365 |
| State & Corporate Taxes | $1,438 | $0 | $600 |
| Federal Taxes | $96,000 | $0 | $0 |
| Other Taxes | $3,059 | $0 | $3,059 |
| Withholding Taxes | $27,237 | $27,237 | $0 |
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