FACUNDO AND AMALIA BACARDIFOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FACUNDO AND AMALIA BACARDIFOUNDATION INC (EIN 20-4763176)
Tax period
2021-01-01 to 2021-12-31
Filed
2023-02-13
IRS object ID
202320449349100337
Schema version
2021v4.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-02-13T13:16:02-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204763176EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Facundo & Amalia Bacardi Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFACUBusinessNameControlTxt
Phone3052855588PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 Sunset Drive PHAddressLine1Txt
CityCoral GablesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFacundo L BacardiPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-02-13SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFacundo LPersonFirstNm
Person LastBacardiPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$782,680FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$95InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$95InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$95InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$11,649DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,649DividendsNetInvstIncmAmt
Dividends Adj Net Incm$11,649DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$944NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$944GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$944CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$12,688TotalRevAndExpnssAmt
Total Net Invst Incm$12,688TotalNetInvstIncmAmt
Total Adj Net Incm$11,744TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$248OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$88OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$248TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$88TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$160,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$160,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$160,248TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$88TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$160,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$147,560ExcessRevenueOverExpensesAmt
Net Investment Income$12,600NetInvestmentIncomeAmt
Adjusted Net Income$11,744AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,565CashBOYAmt
Cash EOY$7,829CashEOYAmt
Cash EOYFMV$512,523CashEOYFMVAmt
Sav And Temp Cash Invst BOY$673,525SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$512,523SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,829SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$258,245CorporateStockBOYAmt
Corporate Stock EOY$262,044CorporateStockEOYAmt
Corporate Stock EOYFMV$262,044CorporateStockEOYFMVAmt
Other Assets BOY$284OtherAssetsBOYAmt
Other Assets EOY$284OtherAssetsEOYAmt
Other Assets EOYFMV$284OtherAssetsEOYFMVAmt
Total Assets BOY$935,619TotalAssetsBOYAmt
Total Assets EOY$782,680TotalAssetsEOYAmt
Total Assets EOYFMV$782,680TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$935,619NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$782,680NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$935,619TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$782,680TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$935,619TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$782,680TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$935,619TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$147,560ExcessRevenueOverExpensesAmt
Subtotal$788,059SubtotalAmt
Other Decreases$5,379OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$782,680TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Loomis Sayls Global Bond Fund DistP2018-01-012021-12-31$940$940$940
VanguardINFL-Protected CG Distr.P2018-01-012021-12-31$4$4$4
FieldValueIRS element (for citing)
Capital Gain Net Income$944CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$175InvestmentIncomeExciseTaxAmt
Subtotal$175SubtotalAmt
Tax Based On Investment Income$175TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$175EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$175TotalPaymentsAndCreditsAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateFLOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Facundo L BacardiBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3052855588PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11515 Sunset Drive PenthouseAddressLine1Txt
CityCoral GablesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Facundo L Bacardi
1515 Sunset Drive PenthouseCoral GablesFL33143President1.00$0
Elizabeth L Bacardi
1515 Sunset Drive PenthouseCoral GablesFL33143Vice President1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$258,879AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$562,030AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$820,909TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$820,909AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,314CashDeemedCharitableAmt
Net Vl Noncharitable Assets$808,595NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,430MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,430MinimumInvestmentReturnAmt
Tax Based On Investment Income$175TaxBasedOnInvestmentIncomeAmt
Total Tax$175TotalTaxAmt
Distributable Before Adj$40,255DistributableBeforeAdjAmt
Distributable Before Ded$40,255DistributableBeforeDedAmt
Distributable As Adjusted$40,255DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$160,000ExpensesAndContributionsAmt
Qualifying Distributions$160,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$40,255DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$144,155ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$91,469ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$105,344ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$105,216ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$258,199ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$704,383TotalExcessDistributionCyovAmt
Qualifying Distributions$160,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$40,255AppliedToCurrentYearAmt
Remaining Distri From Corpus$119,745RemainingDistriFromCorpusAmt
Total Corpus$824,128TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$144,155ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$679,973ExcessDistriCyovToNextYrAmt
Excess From Year4$91,469ExcessFromYear4Amt
Excess From Year3$105,344ExcessFromYear3Amt
Excess From Year2$105,216ExcessFromYear2Amt
Excess From Year1$258,199ExcessFromYear1Amt
Excess From Current Year$119,745ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Palmer Trinity School
8001 SW 184 StreetMiamiFL33157NonePCEducation$100,000
Camillus House
336 NW 5 StreetMiamiFL33101NonePCFood & Housing Program$50,000
Community Foundation for NE Fla
245 Riverside Avenue Suite 310JacksonvilleFL32202NonePCEducation-George & Dottie Dorion Bacardi Scholarship Fund$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$160,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$95ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,649ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$944RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,744ExclusionAmt
Related Or Exempt Function Incm$944RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,688TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Blackrock Credit Allocation Income Trust$50,869$50,869
Loomis Sayles Global Bond Fund$81,083$81,083
Vanguard Inflation-Protected Securities$130,092$130,092

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescAccrued incomeDesc
BOY Book Value$284BOYBookValueAmt
EOY Book Value$284EOYBookValueAmt
EOYFMV$284EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$15$15
Excise Tax$160
Foreign Taxes$12$12
Licenses$61$61

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