FORMAN FAM FOUNDATION TR 12112013: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FORMAN FAM FOUNDATION TR 12112013 (EIN 38-7106076)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2023-02-06
- IRS object ID
- 202300379349100310
- Schema version
- 2020v4.2
- 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
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-06T08:59:18-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 387106076 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FORMAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FORM | BusinessNameControlTxt |
| Phone | 2154951160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD NO 675 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL FORMAN | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2154951160 | PhoneNum |
| Signature | 2023-02-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | FORMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL S JACKSON | PreparerPersonNm |
| PTIN | P00236684 | PTIN |
| Phone | 2155614200 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $49,423,957 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $27 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $44,160 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $17,695 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,215,341 | DividendsNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $17,722 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,259,501 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $9,574 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $9,574 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $20,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,912 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Net Invst Incm | $337,015 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $29,574 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $354,501 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $13,791,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $13,095,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $13,820,824 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $354,501 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $13,095,250 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$13,803,102 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $905,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $14,104,411 | CashBOYAmt |
| Cash EOY | $3,102,337 | CashEOYAmt |
| Cash EOYFMV | $3,102,337 | CashEOYFMVAmt |
| Corporate Stock BOY | $15,763,041 | CorporateStockBOYAmt |
| Corporate Stock EOY | $29,604,330 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $29,604,330 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $24,673,387 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $16,717,290 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $16,717,290 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $54,540,839 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,423,957 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $49,423,957 | TotalAssetsEOYFMVAmt |
| Grants Payable EOY | $696,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $696,000 | 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 | $54,540,839 | RetainedEarningBOYAmt |
| Retained Earning EOY | $48,727,957 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $54,540,839 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $48,727,957 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $54,540,839 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $49,423,957 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $54,540,839 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$13,803,102 | ExcessRevenueOverExpensesAmt |
| Other Increases | $7,990,220 | OtherIncreasesAmt |
| Subtotal | $48,727,957 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $48,727,957 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $12,580 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $12,580 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $12,580 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,414 | 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 | $60,414 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $27 | EsPenaltyAmt |
| Overpayment | $47,807 | OverpaymentAmt |
| Applied To ES Tax | $47,807 | 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 | PA | 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 | MICHAEL C FORMAN | IndividualWithBooksNm |
| Phone | 2154951160 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | 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 | Yes (1) | 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 | Yes (1) | 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 | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MICHAEL C FORMAN | ||||||||
| 201 ROUSE BLVD 675 | PHILADELPHIA | PA | 19112 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| JENNIFER S RICE | ||||||||
| 201 ROUSE BLVD 675 | PHILADELPHIA | PA | 19112 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| THOMAS TRALA | ||||||||
| 201 ROUSE BLVD 675 | PHILADELPHIA | PA | 19112 | TREASURER/SECRETARY | 10.00 | $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 | $38,758,300 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,792,776 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $46,551,076 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $46,551,076 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $698,266 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $45,852,810 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,292,641 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,292,641 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $12,580 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $12,580 | TotalTaxAmt |
| Distributable Before Adj | $2,280,061 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,280,061 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,280,061 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $13,095,250 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $13,095,250 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $13,095,250 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,280,061 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $522,048 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $13,095,250 | QualifyingDistributionsAmt |
| Applied To Year1 | $522,048 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,280,061 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $10,293,141 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $10,293,141 | 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 | $10,293,141 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $10,293,141 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ACCT | |||||||
| 111 W HUNTING PARK AVE | PHILADELPHIA | PA | 19140 | N/A | PC | UNRESTRICTED | $25,000 |
| ALTERNATIVE ART SCHOOL | |||||||
| 1304 FEDERAL ST | PHILADELPHIA | PA | 19147 | N/A | NC | SUPPORT OF FEMALE ARTISTS OF COLOR FROM THE PHILADELPHIA AREA SO THAT THEY CAN GAIN ACCESS TO THE COMMUNITY, PARTICIPATE IN COURSES AND RECEIVE MENTORSHIP FROM THE SCHOOL. | $5,000 |
| ARTSTART | |||||||
| 526 W 26TH STREET 501 | NEW YORK | NY | 10001 | N/A | PC | UNRESTRICTED | $5,000 |
| BARNES FOUNDATION | |||||||
| 2025 BENJAMIN FRANKLIN PKWY | PHILADELPHIA | PA | 19130 | N/A | PC | UNRESTRICTED | $20,000 |
| CENTER CITY DISTRICT FOUNDATION | |||||||
| 600 CHESTNUT ST | PHILADELPHIA | PA | 19106 | N/A | PC | UNRESTRICTED | $25,000 |
| DIA ART FOUNDATION | |||||||
| 3 BEEKMAN ST | BEACON | NY | 12508 | N/A | PC | UNRESTRICTED | $5,000 |
| FORGOTTEN CATS | |||||||
| 4023 KENNETT PIKE | GREENVILLE | DE | 19807 | N/A | PC | UNRESTRICTED | $1,750 |
| FORMAN ARTS INITIATIVE | |||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | N/A | POF | THIS GRANT IS INTENDED TO PROVIDE THE FORMAN ARTS INITIATIVE FUNDS TO ACQUIRE UNTITLED DSS 137 SCULPTURE BY DONALD JUDD IN FURTHERING THE ORGANIZATION'S MISSION. | $12,470,000 |
| FRIENDS' CENTRAL SCHOOL | |||||||
| 1101 CITY AVENUE | WYNNEWOOD | PA | 19096 | N/A | PC | UNRESTRICTED | $200,000 |
| FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA | |||||||
| 30 S 17TH ST | PHILADELPHIA | PA | 19103 | N/A | PC | UNRESTRICTED | $25,000 |
| JEWISH FEDERATION OF GREATER PHILADELPHIA | |||||||
| 2100 ARCH STREET 8TH FLOOR | PHILADELPHIA | PA | 19103 | N/A | PC | UNRESTRICTED | $25,000 |
| KLEHR CENTER | |||||||
| 645 COLLEGE AVE | LANCASTER | PA | 17603 | N/A | PC | UNRESTRICTED | $5,000 |
| PAWS | |||||||
| 100 N 2ND STREET | PHILADELPHIA | PA | 19106 | N/A | PC | UNRESTRICTED | $3,500 |
| PHILADELPHIA MUSEUM OF ART | |||||||
| 2600 BENJAMIN FRANKLIN PKWY | PHILADELPHIA | PA | 19130 | N/A | PC | UNRESTRICTED | $44,000 |
| PHILADELPHIA YOUTH BASKETBALL | |||||||
| 1735 MARKET ST CONCOURSE FLOOR | PHILADELPHIA | PA | 19103 | N/A | PC | UNRESTRICTED | $50,000 |
| REVOLUTION SCHOOL | |||||||
| 230 S BROAD ST FL 17 | PHILADELPHIA | PA | 19102 | N/A | PC | UNRESTRICTED | $25,000 |
| SOCIETY HILL CIVIC ASSOCIATION | |||||||
| PO BOX 63505 | PHILADELPHIA | PA | 19147 | N/A | PC | UNRESTICTED | $1,000 |
| VETRI COMMUNITY PARTNERSHIP | |||||||
| 211 N 13TH STREET SUITE 3030 | PHILADELPHIA | PA | 19107 | N/A | PC | UNRESTRICTED | $160,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $13,095,250 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORMAN ARTS INITIATIVE | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | POF | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | THIS GRANT IS INTENDED TO PROVIDE THE FORMAN ARTS INITIATIVE FUNDS TO ACQUIRE UNTITLED DSS 137 SCULPTURE BY DONALD JUDD IN FURTHERING THE ORGANIZATION'S MISSION (INSTALLMENT 3). | GrantOrContributionPurposeTxt |
| Amt | $696,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $696,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $27 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $17,695 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $17,722 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $17,722 | 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 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FORMAN ARTS INITIATIVE | |||||||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | 2020-04-20 | $12,470,000 | ACQUIRING - UNTITLED DSS 137, A SCULPTURE BY DONALD JUDD; TO FURTHER FAI'S MISSION OF LENDING WORKS OF ART TO INSTITUTIONS, UNIVERSITIES, PUBLIC AND PRIVATE MUSEUMS, FOR PUBLIC EXHIBITIONS AND SUPPORT OF EDUCATIONAL PROGRAMS.04/20/20 - $11,600,00008/31/20 - $870,000 | $12,470,000 | NO DIVERTED USE OF FUNDS | 04/20/2020; 08/31/2020 | 2020-08-31 | NO DIVERTED USE OF FUNDS |
| THE ALTERNATIVE ART SCHOOL | |||||||||||
| 1304 FEDERAL STREET | PHILADELPHIA | PA | 19147 | 2020-11-25 | $5,000 | SUPPORT TO THE SCHOOL WITH THE PURPOSE OF SUPPORTING FEMALE ARTISTS OF COLOR FROM THE PHILADELPHIA AREA SO THAT THEY COULD GAIN ACCESS TO THE COMMUNITY, PARTICIPATE IN COURSES AND RECEIVE MENTORSHIP FROM THE SCHOOL.11/25/20 - $5,000 | $5,000 | NO DIVERTED USE OF FUNDS | 03/05/22 | 2022-04-08 | NO DIVERTED USE OF FUNDS |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | AMENDED RETURN STATEMENT | IdentifierTxt |
| Form And Line Reference | FORM 990PF | FormAndLineReferenceDesc |
| Medium Explanation | THE FORMAN FAMILY FOUNDATION ("FFF") IS AMENDING THE 2020 FORM 990PF TO CORRECT INADVERTENTLY FAILING TO SUBMIT INFORMATION REGARDING TWO EXPENDITURE RESPONSIBILITY GRANTS, THE ALTERNATIVE ART SCHOOL AND THE FORMAN ARTS INITATIVE (F/K/A FORMAN ART INSTITUTE). | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| EQUITY SECURITIES (FS) | $9,924,399 | $9,924,399 |
| EQUITY SECURITIES (ZENITH ISREAL BOND FUND) | $1,028,830 | $1,028,830 |
| EQUITY SECURITIES (UBS 3675) | $18,651,101 | $18,651,101 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MORGAN STANLEY (ASHBRIDGE) | FMV | $996,077 | $996,077 |
| CHATHAM FUNDS | FMV | $5,932,656 | $5,932,656 |
| UBS 2912 AND UBS 3059 (APLHA KEYS) | FMV | $3,211,174 | $3,211,174 |
| FS TAC OPS FUND | FMV | $867,710 | $867,710 |
| INTRINSIC HEALTH | FMV | $2,297,752 | $2,297,752 |
| TCIM OFFSHORE FUND LTD | FMV | $3,411,921 | $3,411,921 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/(LOSS) COST TO FMV ADJ | Desc |
| Amt | $7,990,220 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $9,574 | Amt |
| Net Investment Income | $9,574 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EXCISE TAX | $20,000 | $0 | $0 | $0 |
| FOREIGN TAXES PAID | $0 | $7,912 | $0 | $0 |
Comments