SCHRENK FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SCHRENK FAMILY FOUNDATION INC (EIN 30-0137464)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202323199349107267
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)
Return2023-11-15T16:36:51-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453768259PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARTINBROWN CPAS & ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13411 TAMIAMI TRAIL NORTH SUITE 201AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34103ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300137464EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHRENK FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSCHRBusinessNameControlTxt
Phone2392619110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14951 GULF SHORE BLVD N LEPARC 803AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE L SCHRENKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2392619110PhoneNum
Signature2023-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGEORGEPersonFirstNm
Person LastSCHRENKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL J BROWN CPAPreparerPersonNm
PTINP00839712PTIN
Phone2392548306PhoneNum
Preparation2023-11-15PreparationDt
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$2,475,659FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$64,607DividendsRevAndExpnssAmt
Dividends Net Invst Incm$58,979DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$64,723NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$571,505GrossSalesPriceAmt
Other Income Rev And Expnss$13,006OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,913OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$12,890TotalRevAndExpnssAmt
Total Net Invst Incm$62,892TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$8,870AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,218AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,218AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$15,932TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$15,366OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$13,915OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$1,000OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$40,168TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,133TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,218TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$116,975ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$116,975ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$157,143TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,133TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$120,193TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$144,253ExcessRevenueOverExpensesAmt
Net Investment Income$46,759NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$785,427SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$386,052SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$389,123SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$298,904OtherInvestmentsBOYAmt
Other Investments EOY$279,569OtherInvestmentsEOYAmt
Other Investments EOYFMV$836,536OtherInvestmentsEOYFMVAmt
Other Assets BOY$834,568OtherAssetsBOYAmt
Other Assets EOY$1,250,000OtherAssetsEOYAmt
Other Assets EOYFMV$1,250,000OtherAssetsEOYFMVAmt
Total Assets BOY$1,918,899TotalAssetsBOYAmt
Total Assets EOY$1,915,621TotalAssetsEOYAmt
Total Assets EOYFMV$2,475,659TotalAssetsEOYFMVAmt
Loans From Officers EOY$15,446LoansFromOfficersEOYAmt
Other Liabilities BOY$304,162OtherLiabilitiesBOYAmt
Other Liabilities EOY$429,691OtherLiabilitiesEOYAmt
Total Liabilities BOY$304,162TotalLiabilitiesBOYAmt
Total Liabilities EOY$445,137TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$500CapitalStockBOYAmt
Capital Stock EOY$500CapitalStockEOYAmt
Retained Earning BOY$1,614,237RetainedEarningBOYAmt
Retained Earning EOY$1,469,984RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,614,737TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,470,484TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,918,899TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,915,621TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,614,737TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$144,253ExcessRevenueOverExpensesAmt
Subtotal$1,470,484SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,470,484TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
5,306 SHS MSIF ULTRA SHORT INCOME AP2021-01-012022-11-08$300,000$301,660-$1,660-$1,660
DYNAMIC TREND-BAD DEBT STMT ATTACHEDP2019-07-092022-12-31$334,568-$334,568-$334,568
FieldValueIRS element (for citing)
Capital Gain Net Income-$336,228CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$650InvestmentIncomeExciseTaxAmt
Subtotal$650SubtotalAmt
Tax Based On Investment Income$650TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,197EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,197TotalPaymentsAndCreditsAmt
Overpayment$1,547OverpaymentAmt
Applied To ES Tax$1,547AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
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 AddressN/AWebsiteAddressTxt
Individual With BooksGEORGE L SCHRENK PRESIDENTIndividualWithBooksNm
Phone2392619110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14951 GULF SHORE BLVD LE PARC 803AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34103ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnYes (true)BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsYes (true)BusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
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

FieldValueIRS element (for citing)
PersonGEORGE L SCHRENKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14951 GULF SHORE BLVD N LE PARC 803AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34103ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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)
Description1THE ORGANIZATION IS ENGAGED PRIMARILY IN MAKING GRANTS OF MONEY ON AN ANNUAL BASIS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE CLASSIFIED BY THE IRS AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE 1986 INTERNAL REVENUE CODE.Description1Txt
Expenses1$116,975Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$759,380AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,406,102FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,165,482TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,165,482AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$47,482CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,118,000NetVlNoncharitableAssetsAmt
Minimum Investment Return$155,900MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$155,900MinimumInvestmentReturnAmt
Tax Based On Investment Income$650TaxBasedOnInvestmentIncomeAmt
Total Tax$650TotalTaxAmt
Distributable Before Adj$155,250DistributableBeforeAdjAmt
Distributable Before Ded$155,250DistributableBeforeDedAmt
Distributable As Adjusted$155,250DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$120,193ExpensesAndContributionsAmt
Qualifying Distributions$120,193QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$155,250DistributableAsAdjustedAmt
Undistributed Income PY$111,756UndistributedIncomePYAmt
Qualifying Distributions$120,193QualifyingDistributionsAmt
Applied To Year1$111,756AppliedToYear1Amt
Applied To Current Year$8,437AppliedToCurrentYearAmt
Undistributed Income CY$146,813UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerGEORGE L SCHRENKContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGEORGE L SCHRENKRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14951 GULF SHORE BLVD N LEPARC 803AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34103ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2392619110RecipientPhoneNum
Form And Info And MaterialsLETTER WITH EXEMPTION CERTIFICATE ATTACHEDFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
WHITNEY MUSEUM OF AMERICAN ART
945 MADISON AVENEW YORKNY10021NONEPCGENERAL OPERATING ACTIVITIES$35,500
INDIANA UNIVERSITY FOUNDATION
PO BOX 500BLOOMINGTONIN47402NONEPCGENERAL OPERATING ACTIVITIES$2,500
AOPA FOUNDATION
421 AVIATION WAYFREDERICKMD21701NONEPCGENERAL OPERATING ACTIVITIES$1,000
NAPLES BOTANICAL GARDENS
4820 BAYSHORE DRNAPESFL34112NONEPCGENERAL OPERATING ACTIVITIES$15,000
NCH CENTER FOR PHILANTHROPY
350 7TH ST NNAPLESFL34102NONEPCGENERAL OPERATING ACTIVITES$7,500
COUNCIL ON FOUNDATIONS
1255 23RD STREET NWWASHINGTONDC20037NONEPCGENERAL OPERATING ACTIVITIES$1,500
MGH DEVELOPMENT OFFICE
125 NASHUA ST SUITE 540BOSTONMA02114NONEPCGENERAL OPERATING ACTIVITES$25,000
CONSERVANCY OF SOUTHWEST FLORIDA
1495 SMITH PRESERVE WAYNAPLESFL34102NONEPCGENERAL OPERATING ACTIVITES$475
ARTIS-NAPLES INC
5833 PELICAN BAY BLVDNAPLESFL34108NONEPCGENERAL OPERATING ACTIVITIES$25,000
NAPLES ZOO INC
1590 GOODLETTE FRANK RDNAPLESFL34102NONEPCGENERAL OPERATING ACTIVITIES$1,000
YOUTH HAVEN INC
5867 WHITAKER ROADNAPLESFL34112PCGENERAL OPERATING ACTIVITIES$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$116,975TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Business532000BusinessCd
Unrelated Business Taxbl Incm$441UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd
Exclusion$64,166ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Business532000BusinessCd
Unrelated Business Taxbl Incm$9,093UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd
Exclusion$3,913ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business532000BusinessCd
Unrelated Business Taxbl Incm$271,505UnrelatedBusinessTaxblIncmAmt
Exclusion18ExclusionCd
Exclusion-$336,228ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$281,039UnrelatedBusinessTaxblIncmAmt
Exclusion-$268,149ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,890TotalIncomeProducingActyAmt

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
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$8,870Amt
Net Investment Income$2,218NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,218DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescGross Sales PriceGrossSalesPriceAmtTotal NetTotalNetAmt
532000$79,335$79,335
532000$192,170$192,170

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (13 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdEOYFMVEOYFMVAmtBook ValueBookValueAmt
ADVENIR @ BANYANAT COST$35,000
ADVENIR @ CHERRY CREEK NAT COST$45,000
ADVENIR @ DEL ARTEAT COST$85,000$6,247
ADVENIR @ GRAND PARKWAYAT COST$200,000$92,267
ADVENIR @ MAGNOLIAAT COST$65,000
ADVENIR @ SAN TROPEZAT COST$2,334
ADVENIR @ WOODBRIDGEAT COST
ADVENIR @ WYNDHAMAT COST$35,000
FLORA GROWTH CORPAT COST$4,200$4,200
POINT ENTERTAINMENT, LLCAT COST$250,000$161,853
TPG INV VII, LLCAT COST$100,000
MONOGRAMAT COST$10,002$10,002
SKY QUARRYAT COST$5,000$5,000

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonLOAN FROM OFFICERLenderPersonNm
TitlePRESIDENTTitleTxt
Loan Original$15,446LoanOriginalAmt
Balance Due$15,446BalanceDueAmt
Note2022-01NoteDt
Loan Maturity2023-01LoanMaturityDt
Repayment TermsPAYMENT UPON DEMANDRepaymentTermsTxt
Loan PurposeEXPENSES PAID ON BEHALF OF FOUNDATILoanPurposeTxt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
NOTE RECEIVABLE - ADVENIR @ MED CNTR$500,000$500,000$500,000
NOTE RECEIVABLE - DYNAMIC TREND$334,568
NOTE RECEIVABLE - ADVENIR @ LEO$750,000$750,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$6$6
INTEREST EXP - ADV@BANYAN$3,077$3,077
INTEREST EXP - ADV@CHERRY CRE$1,773$1,773
INTEREST EXP - ADV@MAGNOLIA$4,179$4,179
INTEREST EXP - ADV@SAN TROPEZ$1,337$1,337
INTEREST EXP - ADV@WYNDHAM$2,218$2,218
MEMBERSHIP DUES$1,000$1,000
OTHER INVESTMENT EXPENSES$1,325$1,325
STATE TAX PENALTY$7
FILING FEES$444

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (13 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
TPG INV VII INC$4,499$4,499
POINT ENTERTAINMENT-$461-$461
ADVENIR @ BANYAN (UBTI)$10,400
ADVENIR @ CHERRY CREEK (UBTI)$193
ADVENIR @ DEL ARTE (UBTI)-$565
ADVENIR @ GRAND PKWY$279$279
ADVENIR @ GRAND PKWY (UBTI)$928
ADVENIR @ MAGNOLIA (UBTI)$5,609
ADVENIR @ SAN TROPEZ (UBTI)$625
ADVENIR @ STAPLETON (UBTI)-$6,051
ADVENIR @ WOODBRIDGE-$404-$404
ADVENIR @ WOODBRIDGE (UBTI)-$5,915
ADVENIR @ WYNDHAM (UBTI)$3,869

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (7 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
INVESTMENT IN ADVENIR @ BANYAN$42,360$154,560
INVESTMENT IN ADVENIR @ CHERRY CREEK$20,385$22,265
INVESTMENT IN ADVENIR @ MAGNOLIA$74,108$77,497
INVESTMENT IN ADVENIR @ SAN TROPEZ$79,574$86,350
INVESTMENT IN ADVENIR @ STAPLETON$16,768$34,802
INVESTMENT IN ADVENIR @ WYNDHAM$39,684$42,599
INVESTMENT IN TPG INV VII INC$31,283$11,618

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAXES PAID$15,000
STATE TAXES PAID$932

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