MARKS FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MARKS FAMILY FOUNDATION (EIN 77-0500312)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-30
- IRS object ID
- 202303039349100820
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-30T13:46:13-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KUEHNIS & ASSOCIATES CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 617 VETERANS BLVD SUITE 214 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770500312 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS FAMILY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O KUEHNIS & ASSOCIATES CPAS LLP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % KUEHNIS & ASSOCIATES CPAS LL | InCareOfNm |
| Business Name Control | MARK | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6978 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMY DORNBUSCH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6503623601 | PhoneNum |
| Signature | 2023-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | AMY | PersonFirstNm |
| Person Last | DORNBUSCH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN KUEHNIS | PreparerPersonNm |
| PTIN | P01256096 | PTIN |
| Phone | 6503623601 | PhoneNum |
| Preparation | 2023-10-27 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $79,437,233 | 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 | $4,246,663 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $395,747 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $395,747 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,277,140 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,035,542 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,143,764 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$966,583 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$1,051,314 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $7,952,967 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,488,197 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $5,040 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $2,520 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,520 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $14,500 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $7,250 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $7,250 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $152,479 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,479 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $863,639 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $783,604 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $50,236 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,035,658 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $795,853 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $60,006 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,550,624 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,550,624 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,586,282 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $795,853 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,610,630 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,366,685 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,692,344 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,052,507 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,061,376 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,061,385 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $268,021 | CorporateStockBOYAmt |
| Corporate Stock EOY | $240,397 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $442,838 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $48,545,887 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $48,802,771 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $74,661,527 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $116,874 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,271,483 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,271,483 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $49,983,289 | TotalAssetsBOYAmt |
| Total Assets EOY | $53,376,027 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $79,437,233 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $323,436 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $349,489 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $323,436 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $349,489 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $49,659,853 | RetainedEarningBOYAmt |
| Retained Earning EOY | $53,026,538 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $49,659,853 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $53,026,538 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $49,983,289 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $53,376,027 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $49,659,853 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,366,685 | ExcessRevenueOverExpensesAmt |
| Subtotal | $53,026,538 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $53,026,538 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (38 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| PIMCO BRAVO FUND II OFFSHORE K-1 | 2022-01-01 | 2022-12-31 | $0 | $6,903 | -$6,903 | -$6,903 | |
| PIMCO BRAVO FUND II SPECIAL ONSHORE K-1 | 2022-01-01 | 2022-12-31 | $0 | $3,225 | -$3,225 | -$3,225 | |
| HALOGEN VENTURES FUND LP - K-1 | 2022-01-01 | 2022-12-31 | $0 | $3,632 | -$3,632 | -$3,632 | |
| OPERATIVE COLL FUND Q LP - K-1 | 2022-01-01 | 2022-12-31 | $0 | $132 | -$132 | -$132 | |
| ROCKETSHIP VC FUND LP - K-1 | 2022-01-01 | 2022-12-31 | $678,351 | $0 | $678,351 | $678,351 | |
| CELESTA II LP - K-1 | 2022-01-01 | 2022-12-31 | $48,666 | $0 | $48,666 | $48,666 | |
| CELESTA III LP - K-1 | 2022-01-01 | 2022-12-31 | $312,510 | $0 | $312,510 | $312,510 | |
| VARO TOPCO LLC | 2022-01-01 | 2022-12-31 | $2,135,305 | $0 | $2,135,305 | $2,135,305 | |
| H BARTON VENTURE SELECT IV LLC - K-1 | 2022-01-01 | 2022-12-31 | $0 | $9 | -$9 | -$9 | |
| HALOGEN VENTURES FUND LP - K-1 | 2022-01-01 | 2022-12-31 | $6,741 | $0 | $6,741 | $6,741 | |
| CELESTA III LP - K-1 | 2022-01-01 | 2022-12-31 | $56,681 | $0 | $56,681 | $56,681 | |
| CELESTA IV LP - K-1 | 2022-01-01 | 2022-12-31 | $13,366 | $0 | $13,366 | $13,366 | |
| COUPANG INC - 52534 SHS | 2014-05-29 | 2022-03-18 | $1,035,948 | $96,165 | $939,783 | $939,783 | D |
| CREDO TECH GROUP - 82840 SHS | 2020-05-26 | 2022-12-12 | $1,200,839 | $209,944 | $990,895 | $990,895 | |
| FERTILE IQ INC | 2020-01-01 | 2022-08-02 | $175,416 | $204,598 | -$29,182 | -$29,182 | |
| LONG GAME INC. | 2021-09-20 | 2022-04-29 | $1,020,521 | $500,000 | $520,521 | $520,521 | |
| GLOBANT SA - 1100 SHS | 2011-02-01 | 2022-11-28 | $192,900 | $3,256 | $189,644 | $189,644 | D |
| MARVELL TECH INC - 1660 SHS | 2016-10-27 | 2022-01-07 | $138,942 | $38,114 | $100,828 | $100,828 | |
| ENJOY TECH INC - BANKRUPT - WO | 2021-08-20 | 2022-12-31 | $0 | $825,800 | -$825,800 | -$825,800 | |
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P | |||||
| CAPITAL GAIN DIVIDENDS | $19,356 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,143,764 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $51,324 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $51,324 | SubtotalAmt |
| Tax Based On Investment Income | $51,324 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $145,951 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $145,951 | TotalPaymentsAndCreditsAmt |
| Overpayment | $94,627 | OverpaymentAmt |
| Applied To ES Tax | $94,627 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KUEHNIS & ASSOCIATES CPAS LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6503623601 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6978 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | 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 |
|---|---|---|---|---|---|---|---|---|
| AMY MARKS DORNBUSCH | ||||||||
| PO BOX 6978 | REDWOOD CITY | CA | 94063 | PRESIDENT/CFO | 0 | $0 | $0 | $0 |
| CAROLE MARKS | ||||||||
| PO BOX 6978 | REDWOOD CITY | CA | 94063 | DIRECTOR | 0 | $0 | $0 | $0 |
| MICHAEL MARKS | ||||||||
| PO BOX 6978 | REDWOOD CITY | CA | 94063 | DIRECTOR | 0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $669,087 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $547,647 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $68,371,804 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $69,588,538 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $69,588,538 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,043,828 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $68,544,710 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,427,236 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,427,236 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $51,324 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $51,324 | TotalTaxAmt |
| Distributable Before Adj | $3,375,912 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,375,912 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,375,912 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,610,630 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $3,610,630 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,375,912 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,335,658 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr1 | $2,198,571 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,534,229 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,610,630 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $3,375,912 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $234,718 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,768,947 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,335,658 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,433,289 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $2,198,571 | ExcessFromYear1Amt |
| Excess From Current Year | $234,718 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | AMY MARKS DORNBUSCH | ContributingManagerNm |
| Contributing Manager | CAROLE MARKS | ContributingManagerNm |
| Contributing Manager | MICHAEL MARKS | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (37 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| V Foundation - Don't ever Give Up | ||||||
| 14600 WESTON PARKWAY | CARY | NC | 27513 | NONE | GENERAL CHARITABLE PURPOSE | $503,776 |
| The Julliard School | ||||||
| 60 LINCOLN CENTER PLAZA | NEW YORK | NY | 10023 | NONE | GENERAL CHARITABLE PURPOSE | $130,000 |
| Alzheimers Associstion | ||||||
| PO Box 42333 | Henrico | VA | 23242 | NONE | GENERAL CHARITABLE PURPOSE | $30,000 |
| The Viscardi Center | ||||||
| 201 IU Willets Road | Albertson | NY | 11507 | NONE | GENERAL CHARITABLE PURPOSE | $300,000 |
| ECAD | ||||||
| PO BOX 831 | TORRINGTON | CT | 06790 | NONE | GENERAL CHARITABLE PURPOSE | $500,000 |
| Clayton Education Foundation | ||||||
| 2 Mark Twain Circle | Clayton | MO | 63105 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Leland Stanford Junior University | ||||||
| 326 Galvez Street | Stanford | CA | 94305 | NONE | GENERAL CHARITABLE PURPOSE | $100,000 |
| Head-Royce School | ||||||
| 4315 Lincoln Ave | Oakland | CA | 94602 | NONE | GENERAL CHARITABLE PURPOSE | $110,000 |
| The Peace Studio | ||||||
| 19 West 21st St Suite 501 | New York | NY | 10010 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Community Word Project | ||||||
| 11 Broadway Suite 508 | New York | NY | 10004 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Boston Conservatory At Berklee | ||||||
| 8 Fenway | Boston | MA | 02215 | NONE | GENERAL CHARITABLE PURPOSE | $70,000 |
| Cure Alzheimers Fund | ||||||
| 34 Washington Street Suite 310 | Wellsley Hills | MA | 02481 | NONE | GENERAL CHARITABLE PURPOSE | $750,000 |
| PianoSonoma | ||||||
| 336 Lake Ave | Newton | MA | 02461 | NONE | GENERAL CHARITABLE PURPOSE | $30,000 |
| College Track | ||||||
| 112 Linden Street | Oakland | CA | 94607 | NONE | GENERAL CHARITABLE PURPOSE | $100,000 |
| We Care Solar | ||||||
| 2150 Allston Way Ste210 | Berkley | CA | 94704 | NONE | GENERAL CHARITABLE PURPOSE | $250,000 |
| SimiSleighs Foundation | ||||||
| 9035 Bradstreet Commons Way | Charlotte | NC | 28215 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 |
| Harmony Project Hudson | ||||||
| PO Box 62 | Rhinecliff | NY | 12574 | NONE | GENERAL CHARITABLE PURPOSE | $20,000 |
| Foundation Fighting Blindness | ||||||
| 6925 Oakland Mills Road 701 | Columbia | MD | 21045 | NONE | GENERAL CHARITABLE PURPOSE | $5,000 |
| Troops First Foundation | ||||||
| 12788 Barnett Drive | Mount Airy | MD | 21771 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Scholarship America | ||||||
| 7900 International Drive Suite 500 | Minneapolis | MN | 55425 | NONE | GENERAL CHARITABLE PURPOSE | $52,300 |
| The SpaceKind Foundation | ||||||
| 440 N Barranca Ave 6104 | Covina | CA | 91723 | NONE | GENERAL CHARITABLE PURPOSE | $15,000 |
| Angel Flight West | ||||||
| 3161 Donald Douglas Loop | Santa Monica | CA | 90405 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Project Glimmer | ||||||
| 70 Pier 2 | San Francisco | CA | 94107 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Education Bridge Inc | ||||||
| 2043 South Bend Avenue 278 | South Bend | IN | 46637 | none | GENERAL CHARITABLE PURPOSE | $20,000 |
| YMCA of Silicon Valley | ||||||
| 80 Saratoga Ave | Santa Clara | CA | 95051 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| The Juniper Fund | ||||||
| PO Box 30829 | Seattle | WA | 98103 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 |
| American Red Cross | ||||||
| 430 17th Street NW | Washington DC | DC | 20006 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 |
| Sun Valley Music Festival | ||||||
| PO Box 1914 | Sun Valley | ID | 83353 | NONE | GENERAL CHARITABLE PURPOSE | $25,000 |
| Businesses United in Investing (BUILD) | ||||||
| PO Box 3316 | Redwood City | CA | 94064 | NONE | GENERAL CHARITABLE PURPOSE | $150,000 |
| Project Music Heals Us | ||||||
| 15 Briarwood Drive | Cuilford | CT | 06437 | NONE | GENERAL CHARITABLE PURPOSE | $100,000 |
| Classical Recording Foundation | ||||||
| 128 Manor Ln | Pelham | NY | 10803 | NONE | GENERAL CHARITABLE PURPOSE | $50,000 |
| Pathways | ||||||
| 585 N Mary Ave | Sunnyvale | CA | 94085 | NONE | GENERAL CHARITABLE PURPOSE | $10,000 |
| Mina Group Holdings LLC Pass Thru K-1 | ||||||
| 244 CALIFORNIA STREET STE 410 | SAN FRANCISCO | CA | 94111 | NONE | GENERAL CHARITABLE PURPOSE | $594 |
| Varo TopCo LLC PASS THRU K-1 | ||||||
| 6309 Monarh Park Pl Suite 101 | Niwot | CO | 80503 | NONE | GENERAL CHARITABLE PURPOSE | $3 |
| Outlier Holdings LLC Pass Thru K-1 | ||||||
| 668 N 44TH STREET SUITE 300 | Phoenix | AZ | 85008 | NONE | GENERAL CHARITABLE PURPOSE | $876 |
| Varo Holdings LLC Pass Thru K-1 | ||||||
| 303 E 17th Ave 600 | Denver | CO | 80203 | NONE | GENERAL CHARITABLE PURPOSE | $37 |
| Community Cancer Fund | ||||||
| 510 W Riverside Ave Suite 500 | Spokane | WA | 99201 | NONE | GENERAL CHARITABLE PURPOSE | $8,038 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,550,624 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $395,747 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $0 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,277,140 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,672,887 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,672,887 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| MICHAEL MARKS | |||||||
| 1 | PO BOX 6978 | REDWOOD CITY | CA | 94063 | $3,300,000 | Yes (X) | |
| MICHAEL MARKS | |||||||
| 2 | PO BOX 6978 | REDWOOD CITY | CA | 94063 | $946,663 | Yes (X) | Yes (X) |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SCHWAB | $209,180 | $348,246 |
| BLACKSTONE GROUP INC | $31,217 | $94,592 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (38 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PIMCO BRAVO FD II SPECIAL | AT COST | $39,430 | $13,412 |
| PIMCO BRAVO FUND II OFFSHORE | AT COST | $45,104 | $15,341 |
| NORTH HAVEN (MS) CREDIT II OS | AT COST | $224,978 | $230,517 |
| EXCELSIOR VENTURE S FUND I LP | AT COST | $575,735 | $710,686 |
| H BARTON BENTURE SELECT IV LLC | $399,597 | $415,342 | |
| HALOGEN VENTURES FUND 2 LP | $460,981 | $564,449 | |
| AT SOUTHPORT LP | $600,000 | $600,000 | |
| SAGEVIEW III (B) LP | $1,042,297 | $1,065,601 | |
| OPERATOR COLLECTIVE FUND -Q LP | $731,073 | $1,889,708 | |
| 9900 BUILDING LLC | $384,260 | $384,260 | |
| CARBITEX INC | $1,687,427 | $1,687,427 | |
| CONDIGO INC -VARO | $0 | $0 | |
| CURA INC | $562,476 | $514,019 | |
| CURA INC - PROMISSORY NOTE | $562,476 | $514,019 | |
| H2O.AI INC | $1,874,918 | $5,502,854 | |
| IVF GUIDE LLC (FERTILITYIQ) | $0 | $0 | |
| MINA GROUP INC | $1,559,862 | $1,146,992 | |
| OUTLIER HOLDINGS LLC | $4,949,329 | $19,571,313 | |
| ROCKETSHIP.VC FUND I LP | $2,108,122 | $5,985,301 | |
| WARREN EQUITY PARTNERS LLC | $484,301 | $484,301 | |
| WHITERABBIT.AI INC | $1,874,918 | $1,607,500 | |
| CELESTA II LP | $7,412,497 | $6,908,774 | |
| CELESTA III LP | $10,468,280 | $12,944,496 | |
| D. LIGHT DESIGN INC | $2,500,000 | $2,500,000 | |
| ENJOY TECHNOLOGY | $0 | $0 | |
| AT NORTH RANCH A LP | $675,718 | $675,718 | |
| RSP FLINTRIDGE MANAGER LLC | $200,313 | $200,313 | |
| ALBANY ROAD III - SOLANA LLC | $224,372 | $224,372 | |
| ALBANY ROAD RE FUND III LLC | $2,255,037 | $3,257,194 | |
| 560 BUILDING LLC | $81,316 | $81,316 | |
| NEW LEGACY SPARROW LLC | $466,963 | $466,963 | |
| GATEWAY MV OPEATING LLC | $133,723 | $133,723 | |
| DRAKE RE PARTNERS FUND V LP | $460,689 | $416,783 | |
| LONG GAME SAVINGS | $0 | $0 | |
| CELESTA IV LP | $2,494,441 | $2,686,696 | |
| AR SPORTS COMPLEX INV LLC | $35,006 | $35,006 | |
| AT-SR PARTNERS LP | $108,952 | $108,952 | |
| VARO TOPCO LLC | $1,118,180 | $1,118,179 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DUE FROM MEM | $116,874 | $1,243,943 | $1,243,943 |
| PREPAID CAPITAL CALL | $0 | $27,540 | $27,540 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT EXPENSES | $879 | $879 | |
| PORTFOLIO DEDUCTIONS K-1 | $620,218 | $620,218 | |
| INVESTMENT INTEREST K-1 | $12,228 | $12,228 | |
| ROYALTY INCOME DEDUCTIONS K-1 | $0 | $0 | |
| OTHER DEDUCTIONS K-1 | $100,279 | $100,279 | |
| SECTION 59(E) K-1 | $0 | $0 | |
| SECTION 179 DEDUCTION K-1 | $0 | $0 | |
| NONDEDUCTIBLE EXPENSES K-1 | $29,799 | $0 | |
| OFFICE EXPENSES | $236 | $0 | $236 |
| CONSULTING FEES (AMY) | $100,000 | $50,000 | $50,000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER INCOME (LOSS) - K-1 | -$74,005 | -$74,005 |
| ROYALTY INCOME - K-1 | -$973,663 | -$973,663 |
| TAX EXEMPT INCOME - K-1 | $84,731 | $0 |
| 1231 LOSS - K-1 | -$3,556 | -$3,556 |
| OTHER INCOME - K-1 | -$90 | -$90 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LIDO GROUP RETAIL (NEGATIVE TA | Desc |
| BOY Book Value | $323,436 | BOYBookValueAmt |
| EOY Book Value | $349,489 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INCOME TAXES | $150,000 | $0 |
| FOREIGN TAXES | $2,479 | $2,479 |
Comments