MICHELSON MEDICAL RESEARCH FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MICHELSON MEDICAL RESEARCH FOUNDATION INC (EIN 95-4551615)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202313189349104346
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T14:28:05-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOLTHOUSE CARLIN & VAN TRIGT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3011 TOWNSGATE ROAD SUITE 400 | AddressLine1Txt |
| City | WESTLAKE VILLAGE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91361 | 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 | 954551615 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELSON MEDICAL RESEARCH FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % KARLIN ASSET MANAGEMENT | InCareOfNm |
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 3108069700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BLVD SUITE 1400 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID COHEN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3108069700 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | COHEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Stephanie Wilkinson | PreparerPersonNm |
| PTIN | P01231617 | PTIN |
| Phone | 8053748555 | PhoneNum |
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 | $260,054,130 | 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 | $67,236,671 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $20 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $20 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $5,329,548 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,331,462 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$4,076,175 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $161,653,514 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $72,233,154 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $58,861 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $331,145 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $68,548,925 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $77,895,781 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $131,060 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $131,060 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $37,278 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $18,639 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $18,639 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $219,453 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $87,761 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $131,692 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $33,046 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $33,046 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $905,631 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $29,031 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $800 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $5,018 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $5,018 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,331,486 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $168,477 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $287,209 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,943,981 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,943,981 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,275,467 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $168,477 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $11,231,190 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $56,273,458 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $77,727,304 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $54,600,350 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $32,376,987 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $32,376,987 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $88,045 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $88,045 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $88,045 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,008,962 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,008,962 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $100,510,265 | CorporateStockBOYAmt |
| Corporate Stock EOY | $137,434,399 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $137,434,399 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,353,315 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,895,847 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,895,847 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $70,793,995 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $87,249,890 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $87,249,890 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $94,502 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $228,440,472 | TotalAssetsBOYAmt |
| Total Assets EOY | $260,054,130 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $260,054,130 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Deferred Revenue BOY | $16,990 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $0 | DeferredRevenueEOYAmt |
| Other Liabilities BOY | $195,884 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $195,884 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $212,874 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $195,884 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $228,227,598 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $259,858,246 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $228,227,598 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $259,858,246 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $228,440,472 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $260,054,130 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $228,227,598 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $56,273,458 | ExcessRevenueOverExpensesAmt |
| Subtotal | $284,501,056 | SubtotalAmt |
| Other Decreases | $24,642,810 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $259,858,246 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (40 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | SoldSoldDt |
|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $2,831,676 | $2,982,183 | -$150,507 | -$150,507 | |
| 50,000 SHS S&P GLOBAL INC. | D | $21,818,735 | $11,007,296 | $10,811,439 | $10,811,439 | |
| 75,000 SHS INTERCONTINENTAL EXCHANGE INC | D | $9,834,426 | $5,617,002 | $4,217,424 | $4,217,424 | 2022-01-10 |
| 3,000 SHS MICROSOFT CORP | D | $944,525 | $640,780 | $303,745 | $303,745 | 2022-01-11 |
| 19,000 SHS GLOBAL PAYMENTS INC. | D | $2,833,136 | $2,006,754 | $826,382 | $826,382 | 2022-01-11 |
| 23,000 SHS KKR & CO | D | $1,647,014 | $911,600 | $735,414 | $735,414 | 2022-01-11 |
| 4,000 SHS VISA INC | D | $857,898 | $577,034 | $280,864 | $280,864 | 2022-01-11 |
| 75,943 SHS DENBURY INC. | D | $5,927,184 | $1,460,529 | $4,466,655 | $4,466,655 | 2022-03-24 |
| 290,000 SHS TARGA RESOURCES CORP. | D | $21,077,266 | $3,909,767 | $17,167,499 | $17,167,499 | 2022-03-24 |
| 52,000 SHS CHENIERE ENERGY, INC. | D | $7,357,084 | $3,075,641 | $4,281,443 | $4,281,443 | 2022-03-24 |
| 90,000 SHS ONEOK, INC. | D | $6,260,494 | $2,728,633 | $3,531,861 | $3,531,861 | 2022-03-24 |
| 200,000 SHS ANTERO RESOURCES CORP | D | $6,503,031 | $1,644,450 | $4,858,581 | $4,858,581 | 2022-10-06 |
| 44,400 SHS CHORD ENERGY CORP | D | $6,128,574 | $1,440,473 | $4,688,101 | $4,688,101 | 2022-12-27 |
| 496,533 SHS ENERPLUS CORP | D | $8,717,281 | $1,383,887 | $7,333,394 | $7,333,394 | 2022-12-27 |
| PUBLICLY TRADED SECURITIES | P | $55,812,602 | $49,827,946 | $5,984,656 | $5,984,656 | |
| GMO QUALITY FUND | P | $1,408,816 | $0 | $1,408,816 | $1,408,816 | |
| SETTLEMENT INCOME | P | $28 | $0 | $28 | $28 | |
| 70,831 SHS FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC | P | $1,613,713 | $192,413 | $1,421,300 | $1,421,300 | |
| 1,310 SHS BLUEKNIGHT ENERGY PARTNERS, L.P. | P | $6,345 | $0 | $6,345 | $6,345 | 2022-08-18 |
| LOSS ON EXCHANGE OF FOREIGN CURRENCY | P | $0 | $13,972 | -$13,972 | -$13,972 | |
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 | ||||
| CAPITAL GAIN DIVIDENDS | P | $16,600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $72,233,154 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,080,410 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,080,410 | SubtotalAmt |
| Tax Based On Investment Income | $1,080,410 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $998,317 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $998,317 | TotalPaymentsAndCreditsAmt |
| Tax Due | $82,093 | TaxDueAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.MICHELSONMEDICAL.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KARLIN ASSET MANAGEMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108069700 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BLVD SUITE 1400 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | 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 |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| GARY KARLIN MICHELSON M D | ||||||||
| 11755 WILSHIRE BLVD SUITE 1400 | LOS ANGELES | CA | 90025 | DIRECTOR, PRESIDENT | 1.0 | $0 | $0 | $0 |
| DAVID COHEN | ||||||||
| 11755 WILSHIRE BLVD SUITE 1400 | LOS ANGELES | CA | 90025 | SECRETARY/CFO | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHARLES SCHWAB & CO INC | |||||
| 211 MAIN STREET | SAN FRANCISCO | CA | 94105 | INVESTMENT MGMT | $64,560 |
| American Association for the Advancement | |||||
| PO Box 418495 | BOSTON | MA | 02241 | Marketing | $50,885 |
| Jeffer Mangels Butler & Mitchell LLP | |||||
| 1900 Avenue of the stars 7th floor | LOS ANGELES | CA | 90067 | LEGAL | $98,902 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $190,477,474 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $60,613,453 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $88,045 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $251,178,972 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $251,178,972 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,767,685 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $247,411,287 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $12,370,564 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $12,370,564 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,080,410 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,080,410 | TotalTaxAmt |
| Distributable Before Adj | $11,290,154 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $58,861 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $11,349,015 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,349,015 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $11,231,190 | 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 | $11,231,190 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,349,015 | 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 | $3,727,110 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,035,993 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $7,109,303 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $5,971,160 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,068,814 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $23,912,380 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $11,231,190 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $11,231,190 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $117,825 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $117,825 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $23,794,555 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $3,609,285 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $20,185,270 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,035,993 | ExcessFromYear4Amt |
| Excess From Year3 | $7,109,303 | ExcessFromYear3Amt |
| Excess From Year2 | $5,971,160 | ExcessFromYear2Amt |
| Excess From Year1 | $3,068,814 | ExcessFromYear1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | GARY KARLIN MICHELSON MD | ContributingManagerNm |
| Shareholder Manager | NOT APPLICABLE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| The Michelson Found Animals Foundation Inc | |||||||
| 3000 S ROBERTSON BLVD SUITE 105 | LOS ANGELES | CA | 90034 | N/A | POF | BENEFIT OF ANIMALS THROUGH MULTIPLE ANIMAL WELFARE PROGRAMS, INCLUDING THE MICHELSON PRIZE AND GRANTS IN REPRODUCTIVE BIOLOGY, THE MICROCHIPPING PROGRAM, THE ADOPTION PROGRAM, THE START-UP ACCELERATOR PROGRAM, THE SPAY/NEUTER PROGRAM AND OTHERS TOWARD The Michelson Found Animals FOUNDATION, INC.'S PURPOSE OF REDUCING EUTHANASIA RATES IN LOS ANGELES AREA ANIMAL SHELTERS. | $5,000,000 |
| THE MIRMAN SCHOOL FOR GIFTED CHILDREN | |||||||
| 16180 MULHOLLAND DRIVE | LOS ANGELES | CA | 90049 | N/A | PC | CULTIVATE THE BOUNDLESS POTENTIAL OF HIGHLY GIFTED CHILDREN, NURTURE THEIR PASSIONS AND TALENTS, AND DEVELOP A DIVERSE COMMUNITY OF CREATIVE AND CONSTRUCTIVE LIFELONG LEARNERS. | $40,000 |
| American Association for the Advancement of Scienc | |||||||
| 1200 New York Ave NW | Washington | DC | 20005 | N/A | PC | 2022 Prize Award (MP and Science Prize for Immunology). | $50,000 |
| THE MICHELSON 20MM FOUNDATION INC | |||||||
| 11755 WILSHIRE BOULEVARD STE 1400 | LOS ANGELES | CA | 90025 | N/A | POF | Carry forth multiple educational programs, including educational and success programs, future of work and workforce development programs, smart justice programs, programs to increase educational awareness on topics related to intellectual property, and programs intended to support private-sector solutions to issue within the education sector. | $2,500,000 |
| HUMAN VACCINES PROJECT INC | |||||||
| 1 PENN PLAZA SUITE 6178 | NEW YORK | NY | 10119 | N/A | PC | TO ACCELERATE VACCINE AND IMMUNOTHERAPY DEVELOPMENT FOR INFECTIOUS AND NON-COMMUNICABLE DISEASES. | $591,031 |
| THE MILKEN INSTITUTE | |||||||
| 1250 FOURTH STREET 2ND FLOOR | SANTA MONICA | CA | 90401 | N/A | PC | Infrastructure to facilitate knowledge and resources. | $1,000,000 |
| THE MILKEN INSTITUTE | |||||||
| 1250 FOURTH STREET 2ND FLOOR | SANTA MONICA | CA | 90401 | N/A | PC | TO ADVANCE SOLUTIONS THAT WIDEN ACCESS TO CAPITAL, CREATE JOBS AND IMPROVE HEALTH. | $45,000 |
| Michelson Philanthropies Inc | |||||||
| 3000 S ROBERTSON BLVD SUITE 105 | Los Angeles | CA | 90034 | N/A | POF | carry forth programs and provide administrative support for affiliate Foundations, the Michelson 20MM Foundation and the Michelson Found Animals Foundation. | $1,500,000 |
| UCLA FOUNDATION | |||||||
| 10889 WILSHIRE BLVD STE 1500 | LOS ANGELES | CA | 90024 | n/a | PC | UCLA Medical Hospitality Program. | $17,400 |
| KEYSTONE SYMPOSIA ON MOLECULAR AND CELLULAR BIOLOG | |||||||
| PO Box 1630 | Silverthorne | CO | 80498 | n/a | PC | Medical and health (includes pledge). | $30,800 |
| America Share USA Inc | |||||||
| 15 West 26th Street 11th Floor | New York | NY | 10010 | n/a | PC | General operations, access to education. | $28,750 |
| BRENTWOOD SCHOOL | |||||||
| 100 SOUTH BARRINGTON PLACE | LOS ANGELES | CA | 90049 | N/A | PC | INSPIRE EVERY STUDENT TO THINK CRITICALLY AND CREATIVELY, ACT ETHICALLY, AND SHAPE A FUTURE WITH MEANING. THE CORE VALUES ARE TRUST, RESPECT, RESPONSIBILITY, HONESTY, CARING, COMMUNITY, AND DIVERSITY. | $15,000 |
| New Venture Fund | |||||||
| 1201 Connecticut Avenue NW Suite 3 | Washington | DC | 20036 | n/a | PC | supports a range of public interest projects, the majority of which focus on conservation, global development and health, and education. | $100,000 |
| Cedars-Sinai Medical Center | |||||||
| 8700 Beverly boulevard | LOS ANGELES | CA | 90048 | N/A | PC | The surgery education fund To provide Quality healthcare. | $1,000 |
| Inner City Law Center | |||||||
| 1309 East 7th street | Los Angeles | CA | 90021 | n/a | PC | Affordable housing efforts. | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,943,981 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $20 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,329,548 | 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 |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$4,076,175 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANT REFUND | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $58,861 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,312,254 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,312,254 | 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 | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELSON CENTER FOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501(C)(4) | OrganizationTypeDesc |
| Relationship Description | SAME FOUNDER | RelationshipDescriptionTxt |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | KARLIN HOLDINGS LP | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BLVD SUITE 1400 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $67,236,671 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 3,000 SHS Microsoft Corp SECURITIES 19,000 SHS Global Payments Inc. SECURITIES 23,000 SHS KKR & Co S | $5,301,770 | 2022-01-10 |
| 1 | 4,000 SHS VISA INC. SECURITIES | $841,400 | 2022-01-10 |
| 1 | 52,000 SHS Cheniere Energy, Inc. SECURITIES 90,000 SHS ONEOK, Inc. SECURITIES | $13,415,030 | 2022-03-23 |
| 1 | 496,533 SHS ENERPLUS CORP SECURITIES 44,400 SHS CHORD ENERGY CORP SECURITIES | $14,275,767 | 2022-10-13 |
| 1 | 75,943 SHS Denbury Inc. SECURITIES 290,000 SHS Targa Resources Corp. SECURITIES | $26,809,704 | 2022-03-23 |
| 1 | 200,000 SHS ANTERO RESOURCES CORP SECURITIES | $6,593,000 | 2022-10-05 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $37,278 | Amt |
| Net Investment Income | $18,639 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $18,639 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt | VerificationVerificationDt |
|---|---|---|---|---|---|---|---|---|---|---|
| THE MICHELSON 20MM FOUNDATION INC | ||||||||||
| 11755 WILSHIRE BOULEVARD STE 1400 | LOS ANGELES | CA | 90025 | $2,500,000 | SEE STATEMENT 18.1. | $2,500,000 | NO | various 2022 | VERIFICATION CONFIRMED THAT $2,500,000 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. | |
| THE MICHELSON FOUND ANIMALS FOUNDATION | ||||||||||
| 3000 S ROBERTSON BLVD SUITE 105 | LOS ANGELES | CA | 90034 | $5,000,000 | BENEFIT OF ANIMALS THROUGH MULTIPLE ANIMAL WELFARE PROGRAMS, INCLUDING THE...SEE STATEMENT 18.1 | $5,000,000 | NO | various 2022 | VERIFICATION CONFIRMED THAT $5,000,000 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. | |
| THE MICHELSON FOUND ANIMALS FOUNDATION | ||||||||||
| 3000 S ROBERTSON BLVD SUITE 105 | LOS ANGELES | CA | 90034 | $9,000,000 | BENEFIT OF ANIMALS THROUGH MULTIPLE ANIMAL WELFARE PROGRAMS, INCLUDING THE...SEE STATEMENT 18.1 | $9,000,000 | NO | 05/28/2021, 09/09/2021,01/11/2022, 02/16/2022 | VERIFICATION CONFIRMED THAT $9,000,000 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. | 2022-02-16 |
| THE MICHELSON 20MM FOUNDATION INC | ||||||||||
| 11755 WILSHIRE BOULEVARD STE 1400 | LOS ANGELES | CA | 90025 | $1,850,000 | SEE STATEMENT 18.1. | $1,850,000 | NO | 05/28/2021, 09/09/2021,01/11/2022, 02/16/2022 | VERIFICATION CONFIRMED THAT $1,850,000 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. | 2022-02-16 |
| MICHELSON PHILANTHROPIES INC | ||||||||||
| 3000 S ROBERTSON BLVD SUITE 105 | LOS ANGELES | CA | 90034 | $1,500,000 | SEE STATEMENT 19.1. | $1,500,000 | NO | various 2022 | VERIFICATION CONFIRMED THAT $1,500,000 WAS SPENT TOWARD THE GRANT PURPOSE WITH NO DIVERSION. | |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CHARLES SCHWAB - STATEMENT 10A | BondNm |
| EOY Book Value | $1,895,847 | EOYBookValueAmt |
| EOYFMV | $1,895,847 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (65 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 234,046 SHS NEUBERGER BERMAN | $0 | $0 |
| 105,000 SHS VANECK VECTORS RUS | $102,900 | $102,900 |
| 115,872 SHS NEUBERGER BERMAN | $771,708 | $771,708 |
| 94,700 SHS ARES COMMERCIAL REA | $0 | $0 |
| 114,642 SHS BROOKFIELD RENEWA | $0 | $0 |
| 70,831 SHS FORTRESS TRANSPORT | $0 | $0 |
| 111,825 SHS ARES CAPITAL CORP | $0 | $0 |
| 8,512 SHS ASHFORD HOSPITALIT | $0 | $0 |
| 31,976 SHS DESPEGAR.COM | $0 | $0 |
| 353,251 SHS SCHWAB FUNDAMENTAL | $0 | $0 |
| 355,377 SHS SCHWAB FUNDAMENTAL | $0 | $0 |
| 12,000 SHS BERKSHIRE HATHAWAY | $0 | $0 |
| 193,946 SHS BRAEMAR HOTELS | $0 | $0 |
| 32,059 SHS ASHFORD INC. | $0 | $0 |
| 100,000 SHS STARWOOD PROPERTY | $0 | $0 |
| 12,500 SHS CONOCOPHILLIPS | $0 | $0 |
| 6,900 SHS CHEVRON CORP | $0 | $0 |
| 30,000 SHS ENBRIDGE INC | $0 | $0 |
| 39,200 SHS VANECK GOLD MINERS | $0 | $0 |
| 27,000 SHS VANECK JR GOLD MINE | $0 | $0 |
| 74,000 SHS ISHARES GOLD TRUST | $0 | $0 |
| 63,000 SHS KINDER MORGAN INC | $0 | $0 |
| 8,600 SHS ONEOK INC | $0 | $0 |
| 32,000 SHS PEMBINA PIPELINE | $0 | $0 |
| 12,000 SHS SERITAGE GROWTH PRO | $0 | $0 |
| 22,000 SHS TC ENERGY CORP | $0 | $0 |
| 33,500 SHS WILLIAMS COS INC | $0 | $0 |
| 75,000 SHS INTERCONTINENTAL EX | $0 | $0 |
| 50,000 SHS S&P GLOBAL INC | $0 | $0 |
| 1,000 SHS AMAZON.COM INC | $0 | $0 |
| 20,000 SHS CAMECO CORP | $0 | $0 |
| 50,000 SHS DISCOVERY COMMUNICA | $0 | $0 |
| 2,200 SHS KODIAK SCIENCE INC | $0 | $0 |
| 25,000 SHS L CATTERTION ASIA | $0 | $0 |
| 32,000 SHS ADVISORSHARES PURE | $0 | $0 |
| 20,000 SHS TENCENT HOLDINGS LT | $0 | $0 |
| 244,538 SHS OAKTREE SPECIALTY | $0 | $0 |
| 44,485 SHS AVALONBAY COMMUNIT | $7,185,217 | $7,185,217 |
| 49,601 SHS ARCTOS NORTHSTAR | $500,474 | $500,474 |
| 21,735 SHS BOSTON PROPERTIES | $1,468,851 | $1,468,851 |
| 58,450 SHS CALIFORNIA RESOURCE | $2,543,160 | $2,543,160 |
| 156,166 SHS CRESCENT ENERGY | $1,872,430 | $1,872,430 |
| 195,420 SHS ENERPLUS CORP | $3,449,163 | $3,449,163 |
| 93,085 SHS ISHARES S&P 500 | $13,503,841 | $13,503,841 |
| 33,699 SHS ISHARES CORE S&P | $12,947,493 | $12,947,493 |
| 43,395 SHS ISHARES TR | $5,697,330 | $5,697,330 |
| 255,130 SHS ISHARES IBOXX | $18,785,222 | $18,785,222 |
| 81,970 SHS ISHARES TRUST | $2,502,544 | $2,502,544 |
| 131,320 SHS ISHARES CORE HIGH | $13,688,797 | $13,688,797 |
| 68,030 SHS INVESCO EXCHANGE | $1,396,656 | $1,396,656 |
| 50,826 SHS LDH GROWTH CORP I | $511,818 | $511,818 |
| 51,030 SHS MSD ACQUISITION COR | $514,893 | $514,893 |
| 42,405 SHS PROLOGIS INC | $4,780,316 | $4,780,316 |
| 20,400 SHS CHORD ENERGY CORP | $2,790,924 | $2,790,924 |
| 50,780 SHS ORION BIO TECH | $510,339 | $510,339 |
| 50,855 SHS ROSS ACQUISITION | $514,653 | $514,653 |
| 51,030 SHS RICE ACQUISITION | $518,975 | $518,975 |
| 31,300 SHS SPDR SER TR | $2,597,900 | $2,597,900 |
| 139,780 SHS TALOS ENERGY | $2,639,046 | $2,639,046 |
| 71,965 SHS VANGUARD SHORT | $5,417,525 | $5,417,525 |
| 86,480 SHS VANGUARD SPECIALIZE | $7,132,870 | $7,132,870 |
| 236,630 SHS VANGUARD FTSE EMER | $9,223,837 | $9,223,837 |
| 305,875 SHS VANGUARD FTSE DEV | $12,837,574 | $12,837,574 |
| 50,905 SHS WARBURG PINCUS A | $514,140 | $514,140 |
| 50,922 SHS WARBURG PINCUS B | $513,803 | $513,803 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,008,962 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,008,962 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (23 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 28,574.3525 SHS KENSICO OFFSHO | FMV | $3,279,476 | $3,279,476 |
| 1,309.531 SHS PALO ALTO HEALTH | FMV | $8,054,533 | $8,054,533 |
| 5,542.77 SHS PARK WEST INVESTO | FMV | $11,651,678 | $11,651,678 |
| STRUCTURAL CAPITAL INVESTORS | FMV | $683,503 | $683,503 |
| STRUCTURAL CAPITAL INVESTOR II | FMV | $367,622 | $367,622 |
| STRUCTURAL CAPITAL GP II LLC | FMV | $150,530 | $150,530 |
| 947,814.148 SHS GMO RESOURCES | FMV | $23,429,966 | $23,429,966 |
| STRUCTURAL CAPITAL MGT GP | FMV | $500,000 | $500,000 |
| STRUCTURAL CAPITAL INVESTORS I | FMV | $2,224,810 | $2,224,810 |
| NEUBERGER BERMAN LOAN ADVISERS | FMV | $12,449,497 | $12,449,497 |
| 220,135.323 SHS DOUBLELINE TOT | FMV | $1,930,587 | $1,930,587 |
| 55,371 SHS ISHARES US PREFERRE | FMV | $1,690,477 | $1,690,477 |
| 141,076.724 SHS PIMCO INCM IN | FMV | $0 | $0 |
| 24,500 SHS INVESCO SENIOR LOA | FMV | $502,985 | $502,985 |
| 5,000 SHS ISHARES JPMORGAN USD | $0 | $0 | |
| 164,508.163 SHS BLACKROCK STRA | $0 | $0 | |
| 14,064 SHS ISHARES 1-3 YEARS | FMV | $1,141,575 | $1,141,575 |
| 15,750 SHS VANGUARD SHORT TERM | $1,184,242 | $1,184,242 | |
| STRUCTURAL CAPITAL GP III, LLC | FMV | $195,119 | $195,119 |
| STRUCTURAL CAPITAL GP IV, LLC | $6,332 | $6,332 | |
| STRUCTURAL CAPITAL OFFSHORE IV | $836,464 | $836,464 | |
| 37,230 SHS ALEXANDRIA REAL EST | FMV | $5,423,294 | $5,423,294 |
| 140,000 SHS VANGUARD REAL EST | FMV | $11,547,200 | $11,547,200 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $131,060 | LegalFeesAmt |
| Disbursements Charitable Prps | $131,060 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDEND RECEIVABLE | Desc |
| BOY Book Value | $94,502 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $24,642,810 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| INSURANCE EXPENSE | $2,844 | $2,844 |
| BANK FEES | $1,443 | $1,443 |
| OTHER EXPENSES | $731 | $731 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|---|
| PARTNERSHIP INCOME | $331,145 | |
| GRANT REFUND | $58,861 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED FEDERAL EXCISE TAXES | Desc |
| BOY Book Value | $195,884 | BOYBookValueAmt |
| EOY Book Value | $195,884 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADVISORY FEES | $87,761 | $87,761 | |
| MARKETING | $80,381 | $80,381 | |
| CONSULTING | $51,311 | $51,311 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| UNITED STATES TREASURY | $875,000 | ||
| CA FILING FEES | $800 | $800 | |
| FOREIGN TAX | $29,031 | $29,031 | |
| STATE TAXES | $800 |
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