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ISDELL FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ISDELL FOUNDATION (EIN 22-3341359)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-03
IRS object ID
202323079349101677
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-03T02:45:48-00:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223341359EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Isdell FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlISDEBusinessNameControlTxt
Phone2128428915PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1co 1140 6th Avenue 20th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKevin TonerPersonNm
Person TitlePresidentPersonTitleTxt
Phone2128428915PhoneNum
Signature2023-10-16SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKevinPersonFirstNm
Person LastTonerPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,624,497FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$200,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2,386InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,386InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$136,394NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$500,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$136,394CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$338,780TotalRevAndExpnssAmt
Total Net Invst Incm$138,780TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$387LegalFeesRevAndExpnssAmt
Taxes Rev And Expnss$3,000TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$794OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,181TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$446,356ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$446,356ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$450,537TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$446,356TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$111,757ExcessRevenueOverExpensesAmt
Net Investment Income$138,780NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$72CashBOYAmt
Cash EOY$1,278CashEOYAmt
Cash EOYFMV$1,278CashEOYFMVAmt
Sav And Temp Cash Invst BOY$194,624SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$195,318SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$195,318SavAndTempCashInvstEOYFMVAmt
US Government Obligations EOY$249,949USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$249,949USGovtObligationsEOYFMVAmt
Corporate Stock BOY$5,357,353CorporateStockBOYAmt
Corporate Stock EOY$4,993,747CorporateStockEOYAmt
Corporate Stock EOYFMV$7,177,952CorporateStockEOYFMVAmt
Total Assets BOY$5,552,049TotalAssetsBOYAmt
Total Assets EOY$5,440,292TotalAssetsEOYAmt
Total Assets EOYFMV$7,624,497TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,003,577CapitalStockBOYAmt
Capital Stock EOY$1,003,577CapitalStockEOYAmt
Additional Paid In Capital BOY$17,446AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$17,446AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$4,531,026RetainedEarningBOYAmt
Retained Earning EOY$4,419,269RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,552,049TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,440,292TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,552,049TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,440,292TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,552,049TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$111,757ExcessRevenueOverExpensesAmt
Subtotal$5,440,292SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,440,292TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property161 shs Aristeia International LtdPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2020-06-01AcquiredDt
Sold2022-07-01SoldDt
Gross Sales Price$500,000GrossSalesPriceAmt
Cost Or Other Basis$363,606CostOrOtherBasisAmt
Gain Or Loss$136,394GainOrLossAmt
Gains Minus Excess Or Losses$136,394GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$136,394CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,929InvestmentIncomeExciseTaxAmt
Subtotal$1,929SubtotalAmt
Tax Based On Investment Income$1,929TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,561EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,561TotalPaymentsAndCreditsAmt
Original Return Tax Paid$3,561OriginalReturnTaxPaidAmt
Overpayment$1,632OverpaymentAmt
Applied To ES Tax$1,632AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.isdell.orgWebsiteAddressTxt
Phone2128428915PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11140 6th Avenue 20th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Kevin Toner
475 Broadway Apt 8New YorkNY10013President000.00$0
Robert Lynch
270 Broadway Apt 22ANew YorkNY10007Director000.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NoneDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$7,411,227AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$187,704AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,598,931TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$7,598,931AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$113,984CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,484,947NetVlNoncharitableAssetsAmt
Minimum Investment Return$374,247MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$374,247MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,929TaxBasedOnInvestmentIncomeAmt
Total Tax$1,929TotalTaxAmt
Distributable Before Adj$372,318DistributableBeforeAdjAmt
Distributable Before Ded$372,318DistributableBeforeDedAmt
Distributable As Adjusted$372,318DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$446,356ExpensesAndContributionsAmt
Qualifying Distributions$446,356QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$372,318DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$418,730ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$951,098ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$665,401ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,035,229TotalExcessDistributionCyovAmt
Qualifying Distributions$446,356QualifyingDistributionsAmt
Applied To Current Year$372,318AppliedToCurrentYearAmt
Remaining Distri From Corpus$74,038RemainingDistriFromCorpusAmt
Total Corpus$2,109,267TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,109,267ExcessDistriCyovToNextYrAmt
Excess From Year4$418,730ExcessFromYear4Amt
Excess From Year2$951,098ExcessFromYear2Amt
Excess From Year1$665,401ExcessFromYear1Amt
Excess From Current Year$74,038ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKevin TonerContributingManagerNm
Shareholder ManagerNoneShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonKevin TonerRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1co 1140 6th Avenue 20th FlAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2128428900RecipientPhoneNum
Form And Info And MaterialsSubmit in writing with detailed explanations of purposes and objectives of the programFormAndInfoAndMaterialsTxt
Submission DeadlinesDecember 31 of each yearSubmissionDeadlinesTxt
Restrictions On AwardsNoneRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Spence School
22 East 91st StreetNew YorkNY10128PCEducation$5,000
Columbia University
622 West 113th St mail code 4524New YorkNY10025PCEducation$150,000
The Oxford Academy
1393 Boston Post RoadWestbrookCT06498PCEducation$5,000
Franklin Education Forum
455 Massachusetts Ave SW Ste 600WashingtonDC20001PCHumanitarian Projects$200,000
American Rescue Project
800 Maine Ave SW Ste 400WashingtonDC20024PCHumanitarian Projects$36,356
Emory University
1762 Clifton Road Ste 2400AtlantaGA30322PCEducation$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$446,356TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,386ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$136,394ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$138,780ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$138,780TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship StatementNOT APPLICABLERelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd

Transfer Schedule Detail TransferScheduleDetail

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1Not applicableBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonKevin TonerContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1475 Broadway Apt 8AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd
FieldValueIRS element (for citing)
Total Contributions$200,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
53497 shares of Tullow Oil Irish Company$46,214$23,759
2252 shares of Aristeia International Limited$4,947,533$7,154,193

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryHarmon CurranCategoryTxt
Legal Fees$387LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
NYS Filing Fee$250
Annual Corporate Filing Fees$544

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Investment Income Excise TaxCategoryTxt
Amt$3,000Amt

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