BETA

AROUND FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
AROUND FOUNDATION (EIN 11-3377271)
Tax period
2023-05-01 to 2024-04-30
Filed
2024-12-08
IRS object ID
202403439349100600
Schema version
2023v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-08T14:10:03-05:00ReturnTs
Tax Period End2024-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARRY R CHARLES CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1280 N CENTRAL AVE STE 314AddressLine1Txt
CityHARTSDALECityNm
State AbbreviationNYStateAbbreviationCd
ZIP105301839ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113377271EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE AROUND FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAROUBusinessNameControlTxt
Phone2123624536PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J GLEICK 1965 BROADWAY 20BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES GLEICKPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2123624536PhoneNum
Signature2024-11-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARRY R CHARLES CPAPreparerPersonNm
PTINP01493641PTIN
Phone9149976431PhoneNum
Preparation2024-12-08PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,879,548FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$904,750ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$123,133DividendsRevAndExpnssAmt
Dividends Net Invst Incm$123,133DividendsNetInvstIncmAmt
Dividends Adj Net Incm$123,133DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$42,256NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,331,822GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$42,256CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,070,139TotalRevAndExpnssAmt
Total Net Invst Incm$165,389TotalNetInvstIncmAmt
Total Adj Net Incm$123,133TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,200AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$250OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$250OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,450TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,450TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,480,686ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,480,686ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,484,136TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,450TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,480,686TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$413,997ExcessRevenueOverExpensesAmt
Net Investment Income$161,939NetInvestmentIncomeAmt
Adjusted Net Income$123,133AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$145,440CashBOYAmt
Cash EOY-$604,299CashEOYAmt
Cash EOYFMV-$604,299CashEOYFMVAmt
Corporate Stock BOY$662,312CorporateStockBOYAmt
Corporate Stock EOY$662,312CorporateStockEOYAmt
Corporate Stock EOYFMV$3,917,590CorporateStockEOYFMVAmt
Other Investments BOY$2,016,906OtherInvestmentsBOYAmt
Other Investments EOY$2,352,648OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,566,257OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,824,658TotalAssetsBOYAmt
Total Assets EOY$2,410,661TotalAssetsEOYAmt
Total Assets EOYFMV$5,879,548TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,824,658RetainedEarningBOYAmt
Retained Earning EOY$2,410,661RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,824,658TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,410,661TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,824,658TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,410,661TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,824,658TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$413,997ExcessRevenueOverExpensesAmt
Subtotal$2,410,661SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,410,661TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
5000SH APPLE INCD2003-03-112023-06-07$914,102$904,750$9,352$9,352
11820.331SH GOLDMAN SACHS MID CAP VAP2023-12-20$400,000$384,816$15,184$15,184
FieldValueIRS element (for citing)
Capital Gain Net Income$42,256CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,251InvestmentIncomeExciseTaxAmt
Subtotal$2,251SubtotalAmt
Tax Based On Investment Income$2,251TaxBasedOnInvestmentIncomeAmt
Tax Due$2,251TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES GLEICKIndividualWithBooksNm
Phone2123624536PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11965 BROADWAY 20BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (true)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES GLEICK
1965 BROADWAY 20BNEW YORKNY10023TRUSTEE0.00$0$0$0
CYNTHIA CROSSEN
1965 BROADWAY 20BNEW YORKNY10023TRUSTEE0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$6,697,698AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$586,597AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,284,295TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$7,284,295AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$109,264CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,175,031NetVlNoncharitableAssetsAmt
Minimum Investment Return$358,752MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$358,752MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,251TaxBasedOnInvestmentIncomeAmt
Total Tax$2,251TotalTaxAmt
Distributable Before Adj$356,501DistributableBeforeAdjAmt
Distributable Before Ded$356,501DistributableBeforeDedAmt
Distributable As Adjusted$356,501DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,480,686ExpensesAndContributionsAmt
Qualifying Distributions$1,480,686QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$356,501DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$440,865ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$535,778ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$191,530ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,635,736ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$850,967ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,654,876TotalExcessDistributionCyovAmt
Qualifying Distributions$1,480,686QualifyingDistributionsAmt
Applied To Current Year$356,501AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,124,185RemainingDistriFromCorpusAmt
Total Corpus$4,779,061TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$440,865ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,338,196ExcessDistriCyovToNextYrAmt
Excess From Year4$535,778ExcessFromYear4Amt
Excess From Year3$191,530ExcessFromYear3Amt
Excess From Year2$1,635,736ExcessFromYear2Amt
Excess From Year1$850,967ExcessFromYear1Amt
Excess From Current Year$1,124,185ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES GLEICK CYNTHIA CROSSEN JT WROContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonNUMEROUS CHARITIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
Address Line2VARIOUSAddressLine2Txt
CityVARIOUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusNONERecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$1,480,686Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,480,686TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$123,133ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$17,720ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$140,853ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$140,853TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJAMES GLEICKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11965 BROADWAY 20BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Total Contributions$904,750TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property5000SH APPLE INC.NoncashPropertyDesc
Fair Market Value$904,750FairMarketValueAmt
Received2023-06-02ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ACCOUNTING & TAX PREPARATION-
BARRY R. CHARLES, CPA P.C.$3,200$3,200

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$662,312EOYBookValueAmt
EOYFMV$3,917,590EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemEQUITY MUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$2,352,648BookValueAmt
EOYFMV$2,566,257EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
NEW YORK STATE FILING FEE$250$250

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