FACUNDO AND AMALIA BACARDIFOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
FACUNDO AND AMALIA BACARDIFOUNDATION INC (EIN 20-4763176)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-12
IRS object ID
202331329349103593
Schema version
2022v5.0
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)
Return2023-05-12T13:37:05-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-05-12SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFacundo LPersonFirstNm
Person LastBacardiPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

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)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$215,743FMVAssetsEOYAmt
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$194InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$194InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$194InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,983DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,983DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,983DividendsAdjNetIncmAmt
Total Rev And Expnss$13,177TotalRevAndExpnssAmt
Total Net Invst Incm$13,177TotalNetInvstIncmAmt
Total Adj Net Incm$13,177TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$251OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$76OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$251TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$76TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$110,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$110,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$110,251TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$76TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$110,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$97,074ExcessRevenueOverExpensesAmt
Net Investment Income$13,101NetInvestmentIncomeAmt
Adjusted Net Income$13,177AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,829CashBOYAmt
Cash EOY$27,578CashEOYAmt
Sav And Temp Cash Invst BOY$512,523SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$386,626SavAndTempCashInvstEOYAmt
Corporate Stock BOY$262,044CorporateStockBOYAmt
Corporate Stock EOY$215,743CorporateStockEOYAmt
Corporate Stock EOYFMV$215,743CorporateStockEOYFMVAmt
Other Assets BOY$284OtherAssetsBOYAmt
Other Assets EOY$284OtherAssetsEOYAmt
Total Assets BOY$782,680TotalAssetsBOYAmt
Total Assets EOY$630,231TotalAssetsEOYAmt
Total Assets EOYFMV$215,743TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$782,680NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$630,231NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$782,680TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$630,231TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$782,680TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$630,231TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$782,680TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$97,074ExcessRevenueOverExpensesAmt
Subtotal$685,606SubtotalAmt
Other Decreases$55,375OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$630,231TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$182InvestmentIncomeExciseTaxAmt
Subtotal$182SubtotalAmt
Tax Based On Investment Income$182TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$182EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$182TotalPaymentsAndCreditsAmt
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$231,247AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$459,954AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$691,201TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$691,201AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,368CashDeemedCharitableAmt
Net Vl Noncharitable Assets$680,833NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,042MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,042MinimumInvestmentReturnAmt
Tax Based On Investment Income$182TaxBasedOnInvestmentIncomeAmt
Total Tax$182TotalTaxAmt
Distributable Before Adj$33,860DistributableBeforeAdjAmt
Distributable Before Ded$33,860DistributableBeforeDedAmt
Distributable As Adjusted$33,860DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$110,000ExpensesAndContributionsAmt
Qualifying Distributions$110,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,860DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$91,469ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$105,344ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$105,216ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$258,199ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$119,745ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$679,973TotalExcessDistributionCyovAmt
Qualifying Distributions$110,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$33,860AppliedToCurrentYearAmt
Remaining Distri From Corpus$76,140RemainingDistriFromCorpusAmt
Total Corpus$756,113TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$91,469ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$664,644ExcessDistriCyovToNextYrAmt
Excess From Year4$105,344ExcessFromYear4Amt
Excess From Year3$105,216ExcessFromYear3Amt
Excess From Year2$258,199ExcessFromYear2Amt
Excess From Year1$119,745ExcessFromYear1Amt
Excess From Current Year$76,140ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Educate for Tomorrow
1000 Brickell Avenue Ste 1020MiamiFL33131NonePCEducation$10,000
Palmer Trinity School
8001 SW 184 StreetMiamiFL33157NonePCEducation$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$110,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$194ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,983ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$13,177ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,177TotalIncomeProducingActyAmt

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

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$15$15
Excise Tax$175
Licenses$61$61

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