UMSIZI FUND: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- UMSIZI FUND (EIN 46-1723396)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202313199349108986
- 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
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T19:27:08-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 461723396 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Umsizi Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | UMSI | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Roy Edgar Brakeman III | PersonNm |
| Person Title | Vice President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Roy Edgar | PersonFirstNm |
| Person Last | Brakeman III | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| 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 | $8,891,703 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $2,133 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,133 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $29,892 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $29,892 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$63,997 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,038,469 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $103,348 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $150,248 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $150,248 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $36,250 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $118,276 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $285,621 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $36,250 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $1,788 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,788 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $1,950 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,950 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $8,115 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $5,015 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $1,963 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,963 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $41,928 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,121 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $36,807 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $55,744 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $11,924 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $40,720 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $984,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $984,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,040,244 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $11,924 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,025,220 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$921,968 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $273,697 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $36,250 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $993,720 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $510,023 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $510,023 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $2,705,491 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $3,138,438 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $2,705,491 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $2,718,104 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $2,661,253 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,588,679 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,535,660 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $1,171,532 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,238,782 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,257,522 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $1,870,394 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,870,394 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,870,394 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,835,337 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,913,369 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $8,891,703 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $9,835,337 | RetainedEarningBOYAmt |
| Retained Earning EOY | $8,913,369 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,835,337 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,913,369 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,835,337 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,913,369 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,835,337 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$921,968 | ExcessRevenueOverExpensesAmt |
| Subtotal | $8,913,369 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $8,913,369 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $1,038,469 | GrossSalesPriceAmt |
| Cost Or Other Basis | $935,121 | CostOrOtherBasisAmt |
| Gain Or Loss | $103,348 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $103,348 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $103,348 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,804 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,804 | SubtotalAmt |
| Tax Based On Investment Income | $3,804 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,242 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $5,242 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $1,438 | OverpaymentAmt |
| Applied To ES Tax | $1,438 | 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 | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Amy Brakeman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Roy Edgar Brakeman III | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas, VP | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | GLOBAL PARTNERSHIPS SIF 6.0- TO INVEST IN SOCIAL ENTERPRISES TO DELIVER ESSENTIAL SUPPORT AND SERVICES TO IMPOVERISHED HOUSEHOLDS IN EASTERN AFRICA. | Description1Txt |
| Expenses1 | $1,000,000 | Expenses1Amt |
| Description2 | MCE SOCIAL CAPITAL - 1.75% - 01/31/2025 - TO CREATE OPPORTUNITIES AND IMPROVE THE ECONOMIC SECURITY TO INDIVIDUALS LIVING IN POVERTY, PRIMARILY FOCUSING ON WOMEN. | Description2Txt |
| Expenses2 | $500,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $500,000 | AllOtherProgramRltdInvstTotAmt |
| Total | $2,000,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,326,206 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $513,006 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,030,859 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $6,870,071 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $6,870,071 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $103,051 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $6,767,020 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $338,351 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $338,351 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,804 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,804 | TotalTaxAmt |
| Distributable Before Adj | $334,547 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $1,000,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,334,547 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,334,547 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,025,220 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $2,000,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $3,025,220 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,334,547 | DistributableAsAdjustedAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $178,268 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $348,131 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $112,642 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $309,357 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $25,242 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $973,640 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,025,220 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,334,547 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,690,673 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,664,313 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $178,268 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,486,045 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $348,131 | ExcessFromYear4Amt |
| Excess From Year3 | $112,642 | ExcessFromYear3Amt |
| Excess From Year2 | $309,357 | ExcessFromYear2Amt |
| Excess From Year1 | $25,242 | ExcessFromYear1Amt |
| Excess From Current Year | $1,690,673 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Amy Brakeman | ContributingManagerNm |
| Contributing Manager | Roy Edgar Brakeman III | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AFRICAN LEADERSHIP FOUNDATION | |||||||
| PO BOX 7408 | NEW YORK | NY | 10150 | N/A | PC | General & Unrestricted | $620,000 |
| AFRICAN LEADERSHIP FOUNDATION | |||||||
| PO BOX 7408 | NEW YORK | NY | 10150 | N/A | PC | ALA and Umsizi early career success project | $3,000 |
| CIYOTA INC | |||||||
| 5602 TINKERBELL LN 2411 | FORT WORTH | TX | 76119 | N/A | PC | General & Unrestricted | $5,000 |
| EDUCATE | |||||||
| PO BOX 12302 | DENVER | CO | 80212 | N/A | PC | General & Unrestricted | $30,000 |
| GENERATION - YOU EMPLOYED INC | |||||||
| 1200 19TH ST NW STE 1110 | WASHINGTON | DC | 20036 | N/A | PC | Generation Kenya | $30,000 |
| HARVARD BUSINESS SCHOOL | |||||||
| PO BOX 412275 | BOSTON | MA | 02241 | N/A | PC | General & Unrestricted | $5,000 |
| JUMPSTART ACADEMY AFRICA | |||||||
| 6186 WILLOW PL | BEALETON | VA | 22712 | N/A | PC | General & Unrestricted | $2,000 |
| KING BAUDOUIN FOUNDATION UNITED STATES INC | |||||||
| 551 FIFTH AVE SUITE 2400 | NEW YORK | NY | 10176 | N/A | PC | African Visionary Fund | $250,000 |
| M Tarawally | |||||||
| 231 Babson College | Wellesley | MA | 02457 | none | I | Scholarship Grant | $1,500 |
| ONE WORLD CHILDRENS FUND | |||||||
| PO BOX 849129 | LOS ANGELES | CA | 90084 | N/A | PC | For Kliptown Youth program | $25,000 |
| S Dlamini | |||||||
| 24 Concord Ave | Cambridge | MA | 02138 | None | I | Scholarship Grant | $6,000 |
| TONIIC INSTITUTE | |||||||
| PO BOX 6866 | BEND | OR | 97708 | N/A | PC | General & Unrestricted | $7,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $984,500 | 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 | $2,133 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $29,892 | 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 | -$63,997 | 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 (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|
| K-1 Inc/Loss | 14 | $21,556 | |
| INTEREST INCOME FROM NOTES | 14 | $92,442 | |
| INTEREST INCOME FROM PRIS | $36,250 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $82,026 | ExclusionAmt |
| Related Or Exempt Function Incm | $36,250 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $118,276 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | INTEREST INCOME FROM PROGRAM RELATED INVESTMENTS - MCE SOCIAL CAPITAL - TO FUND MCE'S GLOBAL ECONOMIC DEVELOPMENT | RelationshipStatementTxt |
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 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MCE SOCIAL CAPITAL - 2.25% - 07/31/2023 - TO SUPPORT AGRICULTURE, WATER, SANITATION AND CLEAN ENERGY IN RURAL ECONOMIES. | Desc |
| Amt | $500,000 | Amt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHUJAAZINC LIMITED | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | KAREN OFFICE PARK | AddressLine1Txt |
| City | KAREN | CityNm |
| Province Or State | NAIROBI | ProvinceOrStateNm |
| Country | KE | CountryCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2020-09-18 | GrantDt |
| Grant | $100,000 | GrantAmt |
| Purpose Of Grant | TO SUPPORT THE COVID 19 RESPONSE STRATEGY | PurposeOfGrantTxt |
| Expended By Grantee | $100,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 8/30/2021, 5/31/2022 | DatesOfReportsByGranteeTxt |
| Results Of Verification | NONE NECESSARY | ResultsOfVerificationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | form 8865 | IdentifierTxt |
| Form And Line Reference | FORM 8865 | FormAndLineReferenceDesc |
| Medium Explanation | The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | JP MORGAN SHORT DURATION BOND | StockNm |
| EOY Book Value | $1,588,679 | EOYBookValueAmt |
| EOYFMV | $1,535,660 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADOBE MEZZANINE FUND II LP | $238,782 | $167,676 |
| ADVANCE TRADE GROWTH OFFSHORE | $1,000,000 | $1,089,846 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Document Review/Drafting | CategoryTxt |
| Legal Fees | $1,788 | LegalFeesAmt |
| Net Investment Income | $1,788 | NetInvestmentIncomeAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PRI - GLOBAL PTSHPS SIF 6.0 | $1,000,000 | $1,000,000 |
| PRI - GLOBAL PTSHPS/ELEOS SOCI | $370,394 | $370,394 |
| PRI - MCE SOCIAL CAPITAL -1.75 | $500,000 | $500,000 |
| PRI - MCE SOCIAL CAPITAL -2.25 | $500,000 | $500,000 |
| PRI - MCE SOCIAL CAPITAL -2.75 | $500,000 | $500,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $35,409 | $35,409 | |
| K-1 Exp ADOBE MEZZANINE FUND I | $4,936 | $4,936 | |
| IRS FILING FEE | $185 | $185 | |
| State or Local Filing Fees | $25 | $25 | |
| Training & Professional Develo | $1,000 | $1,000 | |
| Website Hosting/Support | $373 | $373 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| K-1 Inc/Loss ADOBE MEZZANINE FUND II LP | $21,556 | $21,556 | |
| Interest Income from Notes | $92,442 | $92,442 | |
| interest income from pris | $36,250 | $36,250 | $36,250 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (10 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt | Repayment TermsRepaymentTermsTxt |
|---|---|---|---|---|---|---|---|---|---|
| CAPRIA VENTURES LLC | |||||||||
| $250,000 | $250,000 | 2019-11 | 2031-12 | 0.1667 | NONE | BUSINESS OPERATIONS | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $250,000 | |
| FARMTIME | |||||||||
| $55,000 | $55,000 | 2022-12 | 2027-01 | 6.27 | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | ||||
| FARMTIME | |||||||||
| $35,000 | 2024-12 | 6.27 | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | ||||||
| FARMTIME | |||||||||
| $45,000 | $45,000 | 2022-06 | 2025-12 | 6.27 | NONE | WORKING CAPITAL & GEN CORP PURPOSES | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $45,000 | |
| LOW INCOME INV FD - 3YR | |||||||||
| $1,000,000 | $1,000,000 | 2022-07 | 2025-07 | 2. | NONE | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $1,000,000 | INTEREST ANNUALLY, PRINC ON MTR | |
| LOW INCOME INV FD - 5YR | |||||||||
| $1,000,000 | $1,000,000 | 2019-07 | 2024-07 | 3. | NONE | INVESTMENT | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $1,000,000 | INTEREST ANNUAL, PRINC ON MTR |
| MRI - OPEN CAPITAL GROUP LTD | |||||||||
| $250,000 | $250,000 | 2018-12 | 2023-12 | 5. | NONE | BUSINESS OPERATIONS | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $250,000 | PRINCIPAL AND INT ON MATURITY |
| MRI - WATER MADE BLUE | |||||||||
| $113,475 | $70,491 | 2019-03 | 2026-10 | 4. | NONE | INVESTMENT | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $113,475 | PRINCIPAL AND INTEREST MONTHLY |
| MRI - XPERTSEA FINANCE INC | |||||||||
| $500,000 | $0 | 2020-05 | 2021-04 | 3.75 | NONE | SHRIMP TRADING INITIATIVE | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $500,000 | INTEREST QUARTERLY, PRINC ON MTR |
| LOW INCOME INV FD - 3YR | |||||||||
| $1,000,000 | $0 | 2019-07 | 2022-07 | 2. | NONE | INVESTMENT | CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 CASH 0 LINE OF CREDIT 0 CASH 0 | $1,000,000 | INTEREST ANNUAL, PRINCIPAL ON MTR |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Administration of Foundation | CategoryTxt |
| Amt | $1,950 | Amt |
| Disbursements Charitable Prps | $1,950 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2022 | $3,100 | |
| Foreign Tax Paid | $5,015 | $5,015 |
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