JOHN AND AMY PHELAN FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- JOHN AND AMY PHELAN FAMILY FOUNDATION (EIN 46-1579312)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202333199349104513
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T12:24:14-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475153865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSEN SAPPERSTEIN & FRIEDLANDER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | 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 | 461579312 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN AND AMY PHELAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 5616125050 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN C PHELAN | PersonNm |
| Person Title | PRESIDENT/TREASURER | PersonTitleTxt |
| Phone | 5616125050 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | PHELAN | 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 | SUSIE HONG WARSAL CPA | PreparerPersonNm |
| PTIN | P00968156 | PTIN |
| Phone | 4105810800 | PhoneNum |
| Preparation | 2023-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | 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 | $59,682,265 | 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 | $2,140,938 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $37,940 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $37,940 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $104,206 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $104,206 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,013,279 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,340,026 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,013,279 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,787,424 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,561,506 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,083,787 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,716,931 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $100 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $178,316 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,316 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $250,000 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $250,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $428,416 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $6,316 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $250,000 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,565,977 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,565,977 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,994,393 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $6,316 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,815,977 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,089,394 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $8,710,615 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,483 | CashBOYAmt |
| Cash EOY | $4,562 | CashEOYAmt |
| Cash EOYFMV | $4,562 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $16,193,167 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,077,391 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,077,391 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $11,943,286 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,928,396 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,258,054 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $25,328,509 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $41,431,438 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $40,342,258 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $53,470,445 | TotalAssetsBOYAmt |
| Total Assets EOY | $56,441,787 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $59,682,265 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $641,395 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $516,217 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $641,395 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $516,217 | 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 | $52,829,050 | RetainedEarningBOYAmt |
| Retained Earning EOY | $55,925,570 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $52,829,050 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $55,925,570 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $53,470,445 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $56,441,787 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $52,829,050 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,089,394 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $60,918,444 | SubtotalAmt |
| Other Decreases | $4,992,874 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $55,925,570 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (24 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| MSD ENERGY INVESTMENTS, LP (LTCG) | D | -$41,298 | -$41,298 | ||||
| MSD CREDIT OPPORTUNITY FUND LP (STCG) | D | $103,175 | $103,175 | ||||
| MSD CREDIT OPPORTUNITY FUND LP (LTCG) | D | -$441,395 | -$441,395 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (STCG) | P | $493 | $493 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (LTCG) | P | $742 | $742 | ||||
| CORAL ROCK INVESTMENTS LP (LTCG) | D | $33,689 | $33,689 | ||||
| MSD SPARROWHAWK, LP | D | $14,092 | $14,092 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP (STCG) | D | $12,085 | $12,085 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP (LTCG) | D | $13,184 | $13,184 | ||||
| MSD WCG PARTNERS LP | D | -$2,861 | -$2,861 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (STCG) | D | $307 | $307 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (STCG) | D | $1,416 | $1,416 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (LTCG) | D | $1,508 | $1,508 | ||||
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP (LTCG) | D | $809 | $809 | ||||
| JNE FUND, LP | D | -$10,066 | -$10,066 | ||||
| JNE FUND, LP | D | $104,566 | $104,566 | ||||
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | D | $66,426 | $66,426 | ||||
| MSD WCG PARTNERS LP | P | -$79,998 | -$79,998 | ||||
| 43440 SHS DELL TECHNOLOGIES | D | $1,962,320 | $1,962,320 | 2013-10-29 | 2022-01-10 | $2,558,751 | $596,431 |
| 16579 SHS GITLAB INC. | D | $955,292 | $955,292 | 2015-08-28 | 2022-03-30 | $961,312 | $6,020 |
| 21421 SHS GITLAB INC. | D | $1,236,753 | $1,236,753 | 2015-08-28 | 2022-04-04 | $1,244,531 | $7,778 |
| 21174 SHS VMWARE INC. | D | $1,135,794 | $1,135,794 | 2013-10-29 | 2022-01-10 | $2,575,414 | $1,439,620 |
| MSD MULTISTRATEGY | P | $1,946,228 | $1,946,228 | 2018-06-01 | 2022-10-18 | ||
| MSD VALUE INVESTMENT | P | $18 | $18 | 1999-11-24 | 2022-01-24 | $18 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,013,279 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $121,078 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $121,078 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $121,078 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $154,270 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $23,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $177,270 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $3 | EsPenaltyAmt |
| Overpayment | $56,189 | OverpaymentAmt |
| Applied To ES Tax | $56,189 | 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 | DE | 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 | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN C PHELAN | IndividualWithBooksNm |
| Phone | 5616125050 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | 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 | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | 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 | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| JOHN C PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 | |
| AMY PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | VICE PRESIDENT/SECRETARY | 1.00 | $0 | $0 | $0 | |
| MARC LISKER | |||||||||
| C/O MSD CAPITAL 1 VANDERBILT AVENUE | NEW YORK | NY | 10017 | ASST. TREASURER/SECRETARY | 1.00 | $0 | $0 | $0 | 26TH FLOOR |
| 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 | JPMORGAN CHASE BANK NA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 PARK AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | GRANTMAKING SERVICE FEE | ServiceTypeTxt |
| Compensation | $250,000 | 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 | $11,706,363 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,470,867 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $36,288,051 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $55,465,281 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $55,465,281 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $831,979 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $54,633,302 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,731,665 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,731,665 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $121,078 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $40,728 | IncomeTaxAmt |
| Total Tax | $161,806 | TotalTaxAmt |
| Distributable Before Adj | $2,569,859 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,569,859 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,569,859 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,815,977 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,815,977 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,569,859 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,565,977 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,815,977 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,565,977 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $250,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,319,859 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOHN C PHELAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| HARVARD BUSINESS SCHOOL FORWARD FELLOWSHIP | ||||||||
| SPANGLER WELCOME CENTER SPANGLER | 107 | BOSTON | MA | 02163 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $500,000 |
| THE AMERICAN FUND FOR LSE | ||||||||
| 450 SEVENTH AVENUE SUITE 1109 | NEWPORT | RI | 02841 | NONE | PC | LSE CENTENNIAL FUND | $75,000 | |
| PATHFINDERS FOR CANCER | ||||||||
| 303E ASPEN AIRPORT BUSINESS CENTER | ASPEN | CO | 81611 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 | |
| PHELAN FAMILY FOUNDATION DAF | ||||||||
| 165 TOWNSHIP LINE ROAD SUITE 1200 | JENKINTOWN | PA | 19046 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $1,600,977 | |
| NATIONAL MEDAL OF HONOR MUSEUM | ||||||||
| 1717 E RANDOL MILL ROAD | ARLINGTON | TX | 76011 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $250,000 | |
| SPIRIT OF AMERICA | ||||||||
| 3033 WILSON BLVD 700 | ARLINGTON | VA | 22201 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $130,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,565,977 | 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 | $37,940 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $104,206 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,561,506 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,013,279 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBTI FROM PARTNERSHIPS | Desc |
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $225,918 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $225,918 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $8,716,931 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,942,849 | TotalIncomeProducingActyAmt |
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 Person | JOHN C PHELAN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,140,938 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 38,000 SHS GITLAB INC. - CL A | NoncashPropertyDesc |
| Fair Market Value | $2,140,938 | FairMarketValueAmt |
| Received | 2022-03-29 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 25,985 SHS APOLLO GLOBAL MANAGEMENT INC | $711,208 | $1,657,583 |
| 18,200 SHS BERKSHIRE HATHAWAY INC-CL B | $3,278,011 | $5,621,980 |
| 1,380 SHS INVESCO QQQ TRUST SERIES 1 | $249,497 | $367,466 |
| 2,200 SHS ISHARES RUSSELL 2000 ETF | $249,205 | $383,592 |
| 3,235 SHS SPDR S&P 500 ETF TRUST | $749,059 | $1,237,161 |
| 5,630 SHS VANGUARD S&P 500 ETF | $1,501,175 | $1,978,044 |
| 18,838 SHS ALAUNOS THERAPEUTICS INC | $190,241 | $12,228 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS L.P. | FMV | $734,735 | $745,336 |
| JNE FUND LP | FMV | $3,072,121 | $2,000,000 |
| MSD AQUA PARTNERS L.P. | FMV | $910,217 | $3,064,326 |
| MSD CREDIT OPPORTUNITY FUND L.P. | FMV | $5,517,688 | $2,500,000 |
| MSD ENERGY INVESTMENTS L.P. | FMV | $231,725 | $4,023 |
| MSD GEO PARTNERS, L.P. | FMV | $2,499,031 | $2,500,000 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND L.P. | FMV | $1,569,027 | $2,202,721 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 L.P. | FMV | $3,193,760 | $3,157,702 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | FMV | $3,728,607 | $4,307,578 |
| MSD SIERRA CREST, L.P. | FMV | $1,610,840 | $1,610,840 |
| MSD SPARROWHAWK L.P. | FMV | $278,152 | $352,655 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | FMV | $1,933,517 | $2,179,899 |
| PARALLAXES CAPITAL OPPORTUNITY FUND IV LP | FMV | $352,018 | $322,129 |
| VALENCE8 DIRECTIONAL (OFFSHORE) LTD | FMV | $10,000,000 | $10,000,000 |
| VALENCE8 DIVERSIFIED (OFFSHORE) LTD | FMV | $5,000,000 | $5,000,000 |
| VALENCE8 PE 2022 (OFFSHORE) LP | FMV | $800,000 | $395,049 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $100 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BEGINNING OF YEAR VALUATION DIFFERENCES | Desc |
| Amt | $4,992,874 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANTMAKING SERVICE FEES | Desc |
| Revenue And Expenses Per Books | $250,000 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $250,000 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS LP | $15,472 | $15,472 | $15,472 |
| JNE FUND LP | $142,724 | $142,724 | $142,724 |
| MSD AQUA PARTNERS LP | -$1,716 | -$1,716 | -$1,716 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP | $90,881 | $90,881 | $90,881 |
| MSD ENERGY INVESTMENTS LP | -$381 | -$381 | -$381 |
| MSD MULTI-STRATEGY LP | $18,249 | $18,249 | $18,249 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP | $281,546 | $281,546 | $281,546 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | $414,131 | $414,131 | $414,131 |
| MSD RING PARTNERS, LP | $168,316 | $168,316 | $168,316 |
| MSD SPARROWHAWK LP | $5,577 | $5,577 | $5,577 |
| MSD WCG PARTNERS LP | $7,575 | $7,575 | $7,575 |
| MSD GEO PARTNERS, L.P. | -$646 | -$646 | -$646 |
| MSD CREDIT OPPORTUNITY FUND LP | $435,553 | $435,553 | $435,553 |
| PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P. | -$15,775 | -$15,775 | -$15,775 |
| UBTI FROM PARTNERSHIPS | $225,918 | $225,918 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO MSD RING PARTNERS, LP | Desc |
| BOY Book Value | $641,395 | BOYBookValueAmt |
| EOY Book Value | $516,217 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $172,000 | $0 | $0 |
| FOREIGN TAXES | $6,316 | $6,316 | $0 |
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