FORMAN FAM FOUNDATION TR 12112013: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- FORMAN FAM FOUNDATION TR 12112013 (EIN 38-7106076)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202323189349105857
- 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
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T17:07:06-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | 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 | 387106076 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FORMAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FORM | BusinessNameControlTxt |
| Phone | 2154951160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS TRALA | PersonNm |
| Person Title | TREASURER/SECRETARY | PersonTitleTxt |
| Phone | 2154951160 | PhoneNum |
| Signature | 2023-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | THOMAS | PersonFirstNm |
| Person Last | TRALA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL ROMANO | PreparerPersonNm |
| PTIN | P00504182 | PTIN |
| Phone | 2125990100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $46,793,519 | 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 | $1,990,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3,931 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $521,172 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $311,345 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $283,330 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $0 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,898,349 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,103,290 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $81,701 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $86,331 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $2,386,977 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,994,123 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,855 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $37,855 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $240,361 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $130,371 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $140,722 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $44,701 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $99,855 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $50,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,169 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,269 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $367,724 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,269 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $374,186 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $599,119 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $179,846 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,574,688 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,477,188 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,948,874 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $599,119 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,657,034 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$6,561,897 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,395,004 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,310,522 | CashBOYAmt |
| Cash EOY | $438,932 | CashEOYAmt |
| Cash EOYFMV | $438,932 | CashEOYFMVAmt |
| Acct Rcvbl | $3,147 | AcctRcvblAmt |
| Acct Rcvbl BOY | $15,425 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $3,147 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $3,147 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $18,477,991 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,199,368 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,199,368 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $26,129,830 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $41,152,072 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $41,152,072 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $54,933,768 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,793,519 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $46,793,519 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $203,859 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $116,324 | AccountsPayableEOYAmt |
| Grants Payable BOY | $696,000 | GrantsPayableBOYAmt |
| Total Liabilities BOY | $899,859 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $116,324 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $54,033,909 | RetainedEarningBOYAmt |
| Retained Earning EOY | $46,677,195 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $54,033,909 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $46,677,195 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $54,933,768 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $46,793,519 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $54,033,909 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$6,561,897 | ExcessRevenueOverExpensesAmt |
| Other Increases | $696,000 | OtherIncreasesAmt |
| Subtotal | $48,168,012 | SubtotalAmt |
| Other Decreases | $1,490,817 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $46,677,195 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| FS TACTICAL OPPROTUNITIES FUND A LP | P | 2022-02-10 | $207,188 | $277,630 | -$70,442 | -$70,442 |
| FS TACTICAL OPPROTUNITIES FUND A LP | P | 2022-05-16 | $185,801 | $204,134 | -$18,333 | -$18,333 |
| FS TACTICAL OPPROTUNITIES FUND A LP | P | 2022-08-18 | $72,351 | $79,490 | -$7,139 | -$7,139 |
| PUBLICLY TRADED - ST | P | $233,767 | -$233,767 | -$233,767 | ||
| PUBLICLY TRADED - LT | P | $1,389,749 | $1,389,749 | $1,389,749 | ||
| SHORT TERM CAPITAL GAIN/(LOSS) - LPS | P | $38 | -$38 | -$38 | ||
| LONG TERM CAPITAL GAIN/(LOSS) - LPS | P | $43,257 | $43,257 | $43,257 | ||
| 1231 GAIN - LPS | P | $3 | $3 | $3 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,103,290 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$233,805 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $19,391 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $19,391 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $19,391 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $50,016 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $60,016 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $40,625 | OverpaymentAmt |
| Applied To ES Tax | $40,625 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | PA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MICHAEL C FORMAN | IndividualWithBooksNm |
| Phone | 2154951160 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | Yes (1) | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| THOMAS TRALA | ||||||||
| 201 ROUSE BLVD 675 | PHILADELPHIA | PA | 19112 | TREASURER/SECRETARY | 3.00 | $37,855 | $0 | $0 |
| MICHAEL C FORMAN | ||||||||
| 201 ROUSE BLVD 675 | PHILADELPHIA | PA | 19112 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JENNIFER S RICE | ||||||||
| 201 ROUSE BLVD 675 | PHILADELPHIA | PA | 19112 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FB CAPITAL PARTNERS LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ROUSE BLVD | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | ACCOUNTING | ServiceTypeTxt |
| Compensation | $265,851 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $40,094,044 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,242,279 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $233,973 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $41,570,296 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $41,570,296 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $623,554 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,946,742 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,047,337 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,047,337 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $19,391 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $19,391 | TotalTaxAmt |
| Distributable Before Adj | $2,027,946 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,027,946 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,027,946 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,657,034 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,657,034 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,027,946 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $10,293,141 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $642,292 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,935,433 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,657,034 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,657,034 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $370,912 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $370,912 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $10,564,521 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $10,564,521 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $9,922,229 | ExcessFromYear2Amt |
| Excess From Year1 | $642,292 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL C FORMAN | ContributingManagerNm |
| Contributing Manager | JENNIFER S RICE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (37 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ABORTION LIBERATION FUND OF PA | |||||||
| PO BOX 40748 | PHILADELPHIA | PA | 19107 | N/A | PC | GENERAL SUPPORT | $15,000 |
| BIG PICTURE PHILADELPHIA | |||||||
| 2300 WEST MASTER STREET | PHILADELPHIA | PA | 19121 | N/A | PC | BPP PLEDGE TO SUPPORT REAL WORLD LEARNING PROGRAM FOR STUDENTS AT EL CENTRO DE ESTUDIANTES (INSTALLMENT 2 OF 2) | $100,000 |
| CENTER CITY DISTRICT FOUNDATION | |||||||
| 660 CHESTNUT ST | PHILADELPHIA | PA | 19106 | N/A | PC | GENERAL SUPPORT | $5,000 |
| CENTER CITY DISTRICT FOUNDATION | |||||||
| 660 CHESTNUT ST | PHILADELPHIA | PA | 19106 | N/A | PC | SUPPORT FOR CENTER CITY RECOVERY | $50,000 |
| COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION | |||||||
| 1700 SPRING GARDEN ST A7 | PHILADELPHIA | PA | 19130 | N/A | PC | GENERAL SUPPORT | $25,000 |
| RODEPH SHOLOM CONGREGATION | |||||||
| 615 N BROAD STREET | PHILADELPHIA | PA | 19123 | N/A | PC | GENERAL SUPPORT | $20,400 |
| RODEPH SHOLOM CONGREGATION | |||||||
| 615 N BROAD STREET | PHILADELPHIA | PA | 19123 | N/A | PC | ENDOWMENT CAMPAIGN - SUPPORT THE SYNAGOGUE | $50,000 |
| DIA CENTER FOR THE ARTS INC | |||||||
| 535 WEST 22ND STREET 4FL | NEW YORK | NY | 10011 | N/A | PC | GENERAL SUPPORT | $10,000 |
| EDUCATION LAW CENTER | |||||||
| 1800 JFK BLVD SUITE 1900A | PHILADELPHIA | PA | 19103 | N/A | PC | GENERAL SUPPORT | $21,500 |
| FORMAN ARTS INITIATIVE | |||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | N/A | POF | GENERAL SUPPORT | $300,000 |
| FORMAN ARTS INITIATIVE | |||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | N/A | POF | GRANT TO FAI FOR ART PURCHASE | $5,460,000 |
| FORMAN ARTS INITIATIVE | |||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | N/A | POF | GRANT TO FAI TO SUPPORT ART COMMISSION AND ART WORK GRANT PROGRAMS | $455,000 |
| FORMAN ARTS INITIATIVE | |||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | N/A | POF | GRANT TO FAI FOR BUILDING PURCHASES FOR FUTURE MUSEUM | $717,500 |
| FRACTURED ATLAS | |||||||
| PO BOX 55 | HARTSDALE | NY | 10530 | N/A | PC | GENERAL SUPPORT | $10,000 |
| FRIENDS' CENTRAL SCHOOL | |||||||
| 1101 CITY AVENUE | WYNNEWOOD | PA | 19096 | N/A | PC | GENERAL SUPPORT | $10,000 |
| IMPACTPHL | |||||||
| 4801 S BROAD STREET | PHILADELPHIA | PA | 19112 | N/A | PC | GENERAL SUPPORT | $10,000 |
| FRANKLIN AND MARSHALL COLLEGE - KLEHR CENTER | |||||||
| PO BOX 3003 | LANCASTER | PA | 17604 | N/A | PC | GENERAL SUPPORT | $2,500 |
| PHILADELPHIA CONTEMPORARY | |||||||
| 1112 N BOBINE STREET | PHILADELPHIA | PA | 19123 | N/A | PC | GRANT TO SUPPORT THEASTER GATES PROGRAMMING AT DREXEL | $60,000 |
| PHILADELPHIA MURAL ARTS ADVOCATES | |||||||
| 1727-29 MOUNT VERNON STREET | PHILADELPHIA | PA | 19130 | N/A | PC | GENERAL SUPPORT | $5,000 |
| PHILADELPHIA MUSEUM OF ART | |||||||
| PO BOX 7646 | PHILADELPHIA | PA | 19101 | N/A | PC | GENERAL SUPPORT TIMOTHY RUB FUND | $5,000 |
| PHILADELPHIA MUSEUM OF ART | |||||||
| PO BOX 7646 | PHILADELPHIA | PA | 19101 | N/A | PC | ENDOWMENT SUPPORT OF IT STARTS HERE:CAMPAIGN FOR THE PHILADELPHIA MUSEUM OF ART (INSTALLMENT 5OF 5) | $500,000 |
| PHILADELPHIA MUSEUM OF ART | |||||||
| PO BOX 7646 | PHILADELPHIA | PA | 19101 | N/A | PC | SUPPORT GIUSEPPE PENONE EXHIBITION | $25,000 |
| PHILADELPHIA YOUTH BASKETBALL | |||||||
| 1735 MARKET STREET | PHILADELPHIA | PA | 19103 | N/A | PC | CAPITAL PLEDGE TO SUPPORT PYB'S EFFORT TO CONSTRUCT THE ALAN HORWITZ SIXTH MAN CENTER (3 OF 3 INSTALLMENTS) | $50,000 |
| PURR | |||||||
| 1833 S 11TH STREET | PHILADELPHIA | PA | 19148 | N/A | PC | GENERAL SUPPORT | $5,000 |
| REVOLUTION SCHOOL | |||||||
| 3033 W GLENDWOOD AVE | PHILADELPHIA | PA | 19131 | N/A | PC | SUPPORT OF MISSION TO PROMOTE EXPERIENTIAL LEARNING, DIVERSITY, INNOVATION AND COMMUNITY | $25,000 |
| TEACH FOR AMERICA GREATER PHILADELPHIA | |||||||
| PO BOX 398552 | SAN FRANCISCO | CA | 941398552 | N/A | PC | LEADERSHIP GIVING CHOICE (INSTALLMENT 1 OF 2) | $50,000 |
| THE CAT COLLABORATIVE | |||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | N/A | POF | GENERAL SUPPORT | $165,000 |
| THE PHILADELPHIA SCHOOL | |||||||
| 2501 LOMBARD STREET | PHILADELPHIA | PA | 19146 | N/A | PC | GENERAL SUPPORT | $10,000 |
| THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | |||||||
| 801 SPRUCE STREET | PHILADELPHIA | PA | 19107 | N/A | PC | GENERAL SUPPORT | $10,000 |
| VETRI COMMUNITY PARTNERSHIP | |||||||
| 211 N 13TH ST SUITE 303 | PHILADELPHIA | PA | 19107 | N/A | PC | VETRI COMMUNITY PARTNERSHIP PLEDGE (INSTALLMENT 3 OF 3) | $150,000 |
| WASHINGTON UNIVERSITY | |||||||
| ONE BROOKINGS DRIVE | ST LOUIS | MO | 63130 | N/A | PC | SUPPORT CHANCELLOR'S FUND FOR EXCELLENCE | $100,000 |
| WASHINGTON UNIVERSITY | |||||||
| ONE BROOKINGS DRIVE | ST LOUIS | MO | 63130 | N/A | PC | SUPPORT FOR THE KEMPER ART MUSEUM | $25,000 |
| WOMEN'S WAY | |||||||
| 123 SOUTH BROAD ST SUITE 1320 | PHILADELPHIA | PA | 19109 | N/A | PC | GENERAL SUPPORT | $50,000 |
| CAPE ELEUTHERA FOUNDATION INC | |||||||
| PO BOX 712484 | PHILADELPHIA | PA | 19171 | N/A | PC | GRANT TO SUPPORTI TIS SUMMER TEACHER PROGRAM | $1,500 |
| CREATIVE TIME | |||||||
| 59 EAST 4TH STREET 6TH FLOOR | NEW YORK | NY | 10003 | N/A | PC | SUPPORT FOR CHARLES GAINES' PROJECT 'THE AMERICAN MANIFEST' | $55,000 |
| FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA | |||||||
| 30 SOUTH 17TH STREET | PHILADELPHIA | PA | 19103 | N/A | PC | DR HITE EVENT | $8,788 |
| INDEPENDENCE HISTORICAL TRUST | |||||||
| 316 CHESTNUT STREET | PHILADELPHIA | PA | 19106 | N/A | PC | SUPPORT VISION FRAMEWORK FOR THE HISTORICAL DISTRICT IN PHILADELPHIA. SUPPORT ASSISTANCE WILL ENABLE THE TRUST TO BEGIN PREPARING FOR THE CELEBRATION OF THE SEMIQUINCENTENNIAL IN 2026. | $12,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,574,688 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,931 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $311,345 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 03 | ExclusionCd |
| Exclusion | $81,701 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $396,977 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $396,977 | 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 | 1 | LineNumberTxt |
| Relationship Statement | REIMBURSEMENT OF FUNDS CONNECTED TO SELF-DEALING | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL C FORMAN & JENNIFER RICE | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O 201 ROUSE BLVD STE 675 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,990,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| GRANT THORNTON LLP | $12,365 | $9,274 | $0 | $3,853 |
| FFO SERVICES/FB CAPITAL | $227,996 | $121,097 | $0 | $136,869 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FORMAN ARTS INITIATIVE | |||||||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | 2022-10-26 | $6,932,500 | GRANT TO FAI FOR ARTWORKS INITIATIVE ($455,000), BUILDING PURCHASE FOR FUTURE MUSEUM ($717,500), GENERAL SUPPORT ($300,000) AND ART PURCHASE ($5,460,000) | $6,932,500 | NO DIVERTED USE OF FUNDS | 9/15/2023 | 2023-09-15 | NO DIVERTED USE OF FUNDS |
| THE CAT COLLABORATIVE | |||||||||||
| 201 ROUSE BLVD | PHILADELPHIA | PA | 19112 | 2022-10-14 | $165,000 | PROGRAM SUPPORT - THE CAT COLLABORATIVE SERVES TO CREATE BEST-PRACTICE INITIATIVES, SUPPORT AND AMPLIFY THE WORK OF PARTNER RESCUES AND SHELTERS, COORDINATES AND ENHANCES NEIGHBORHOOD RELATIONSHIPS AND BUILDS AN EFFECTIVE VOLUNTEER NETWORK TO STRATEGICALLY SERVE CATS AND THOSE WHO LOVE THEM | $165,000 | NO DIVERTED USE OF FUNDS | 10/4/2023 | 2022-10-14 | NO DIVERTED USE OF FUNDS |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990-PF, PART XI - QUALIFYING DISTRIBUTIONS EXPLANATION: | FormAndLineReferenceDesc |
| Medium Explanation | PURSUANT TO IRS TREASURY REGULATION SECTION 53.4942(A)(3)(C)(I), FORMAN FAMILY FOUNDATION ("FFF") IS PROVIDING THE FOLLOWING DISCLOSURE WITH RESPECT TO THE QUALIFYING DISTRIBUTIONS REPORTED ON PART XI LINE 4, $1,657,034 OF THE FORM 990-PF.IN FISCAL 2022, FORMAN FAMILY FOUNDATION ("FFF") MADE A CASH GRANT OF $6,932,500 TO FORMAN ARTS INITIATIVE ("FAI"); EXPENDITURES INCURRED BY FAI WITH THESE FUNDS HAVE BEEN EXCLUDED FROM FFF'S CALCULATION OF QUALIFYING DISTRIBUTIONS AND SHALL BE TREATED AS QUALIFYING DISTRIBUTIONS ON THE TAX RETURN OF FAI. THIS IS PERMITTED UNDER 53.4942(A)(3)(C)(1) BECAUSE:1. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH FAI RECEIVED FUNDING FROM FFF, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION; THE DISTRIBUTION CONSTITUTES A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS, AND2. FAI HAS PROVIDED ADEQUATE RECORDS TO FFF THAT IT HAS ACTUALLY PAID OUT THE GRANTED FUNDS TO QUALIFYING EXPENDITURES. IN FISCAL 2022, FORMAN FAMILY FOUNDATION ("FFF") MADE A CASH GRANT OF $165,000 TO THE CAT COLLABORATIVE ("TCC"); EXPENDITURES INCURRED BY TCC WITH THESE FUNDS HAVE BEEN EXCLUDED FROM FFF'S CALCULATION OF QUALIFYING DISTRIBUTIONS AND SHALL BE TREATED AS QUALIFYING DISTRIBUTIONS ON THE TAX RETURN OF FAI. THIS IS PERMITTED UNDER 53.4942(A)(3)(C)(1) BECAUSE:1. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH TCC RECEIVED FUNDING FROM FFF, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION; THE DISTRIBUTION CONSTITUTES A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS, AND2. TCC HAS PROVIDED ADEQUATE RECORDS TO FFF THAT IT HAS ACTUALLY PAID OUT THE GRANTED FUNDS TO QUALIFYING EXPENDITURES. FFF'S TOTAL QUALIFYING DISTRIBUTIONS IN FISCAL 2022 IS CALCULATED AS FOLLOWS:*TOTAL DISTRIBUTIONS (EXPENSES AND GRANTS) FOR CHARITABLE PURPOSES $8,754,534*EXCLUDED FAI'S GRANT - $6,932,500*EXCLUDE TCC'S GRANT - $165,000*TOTAL ADJUSTED QUALIFYING DISTRIBUTIONS PER PART XI, LINE 4: $1,657,034 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | EQUITY SECURITIES | StockNm |
| EOY Book Value | $5,199,368 | EOYBookValueAmt |
| EOYFMV | $5,199,368 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PRIVATE EQUITY INVESTMENTS | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $41,152,072 | BookValueAmt |
| EOYFMV | $41,152,072 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $1,490,817 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OFFICE EXPENSES | $1,150 | $0 | $0 | $1,150 |
| LP PORTFOLIO DEDUCTIONS | $0 | $367,724 | $0 | $0 |
| SUBSCRIPTIONS | $119 | $0 | $0 | $119 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| LP PORTFOLIO INCOME | $0 | $86,331 | $0 |
| OTHER INCOME (EXP REIMBURSEMENT TO FND) | $81,701 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESCINDED GRANT PAYABLE | Desc |
| Amt | $696,000 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| V3LIMITED LLC | $23,869 | $23,869 | $0 | $0 |
| TD AMERITRADE | $0 | $7,873 | $0 | $0 |
| UBS | $0 | $47,281 | $0 | $0 |
| MLG VENTURE PARTNERS LP | $20,832 | $20,832 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EXCISE TAXES | $50,000 | $0 | $0 | $0 |
| LP FOREIGN TAXES PAID | $0 | $1,169 | $0 | $0 |
Comments