DR M LEE PEARCE FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DR M LEE PEARCE FOUNDATION INC (EIN 59-2424272)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-14
IRS object ID
202343189349101474
Schema version
2022v5.0
Note
A later return for the same period supersedes this one.
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)
Return2023-11-14T08:41:21-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN591363792PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KEEFE MCCULLOUGH & CO LLP CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16550 N FEDERAL HIGHWAY SUITE 410AddressLine1Txt
CityFT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP33308ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN592424272EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE DR M LEE PEARCE FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDRMLBusinessNameControlTxt
Phone3058617702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1777 ARTHUR GODFREY ROAD STE 400AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33140ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL A CARPENTERPersonNm
Person TitleEXECUTIVE VICE PRESIDENT & DIRECTORPersonTitleTxt
Phone3058617702PhoneNum
Signature2023-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastCARPENTERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARC A GRACEPreparerPersonNm
PTINP01786649PTIN
Phone9547710896PhoneNum
Preparation2023-11-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
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$39,045,398FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,000,000ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$702,755NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$23,009,212GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$702,755CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$20,702,755TotalRevAndExpnssAmt
Total Net Invst Incm$702,755TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$90,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$26,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$63,000CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$179,092LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$53,728LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$125,364LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$22,890AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$6,867AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$16,023AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$210,586OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$134,255OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$76,331OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$11,725InterestRevAndExpnssAmt
Interest Net Invst Incm$0InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$2,935TaxesRevAndExpnssAmt
Taxes Net Invst Incm$880TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$2,055TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$42,648OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,794OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$29,854OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$559,876TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$234,524TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$312,627TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$715,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$715,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,274,876TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$234,524TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,027,627TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$19,427,879ExcessRevenueOverExpensesAmt
Net Investment Income$468,231NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$55,754CashBOYAmt
Cash EOY$57,380CashEOYAmt
Cash EOYFMV$57,380CashEOYFMVAmt
Sav And Temp Cash Invst BOY$18,651SavAndTempCashInvstBOYAmt
Corporate Stock BOY$17,625,586CorporateStockBOYAmt
Corporate Stock EOY$37,064,206CorporateStockEOYAmt
Corporate Stock EOYFMV$38,101,214CorporateStockEOYFMVAmt
Other Investments BOY$19,293OtherInvestmentsBOYAmt
Other Investments EOY$19,293OtherInvestmentsEOYAmt
Other Investments EOYFMV$886,804OtherInvestmentsEOYFMVAmt
Total Assets BOY$17,719,284TotalAssetsBOYAmt
Total Assets EOY$37,140,879TotalAssetsEOYAmt
Total Assets EOYFMV$39,045,398TotalAssetsEOYFMVAmt
Other Liabilities BOY$698,213OtherLiabilitiesBOYAmt
Other Liabilities EOY$691,929OtherLiabilitiesEOYAmt
Total Liabilities BOY$698,213TotalLiabilitiesBOYAmt
Total Liabilities EOY$691,929TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$17,021,071NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$36,448,950NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$17,021,071TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$36,448,950TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$17,719,284TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$37,140,879TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$17,021,071TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$19,427,879ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$36,448,950SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$36,448,950TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SITE - RUSSELL INVESTMENTSP2020-01-012022-12-31$15,053,196$14,575,153$478,043$478,043
SITD - RUSSELL INVESTMENTSP2020-01-012022-12-31$5,098,555$4,705,537$393,018$393,018
SITJ - RUSSELL INVESTMENTSP2022-03-012022-12-31$2,857,461$3,025,767-$168,306-$168,306
FieldValueIRS element (for citing)
Capital Gain Net Income$702,755CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,508InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6,508SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6,508TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$7,400EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$7,400TotalPaymentsAndCreditsAmt
Es Penalty$4EsPenaltyAmt
Overpayment$888OverpaymentAmt
Applied To ES Tax$888AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksPATRICIA HOPKINSIndividualWithBooksNm
Phone3058617702PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1777 ARTHUR GODFREY ROAD STE 400AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33140ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CHARLES DOUGLAS
16 LA GORCE CIRCLEMIAMI BEACHFL33141CHAIRMAN, PRESIDENT & DIRECTOR6.00$21,500$0$0
ROBERT POTTS
16 LA GORCE CIRCLEMIAMI BEACHFL33141VICE PRESIDENT & DIRECTOR3.00$14,000$0$0
MICHAEL CARPENTER
16 LA GORCE CIRCLEMIAMI BEACHFL33141EXECUTIVE VICE PRESIDENT & DIRECTOR3.00$14,000$0$0
YULIETH FRANCO
16 LA GORCE CIRCLEMIAMI BEACHFL33141DIRECTOR2.00$9,000$0$0
JEFFREY BOLTON
16 LA GORCE CIRCLEMIAMI BEACHFL33141DIRECTOR2.00$9,000$0$0
TATJANA RUNDEK
16 LA GORCE CIRCLEMIAMI BEACHFL33141DIRECTOR2.00$8,000$0$0
JOSEPH MARTIN
16 LA GORCE CIRCLEMIAMI BEACHFL33141DIRECTOR2.00$7,000$0$0
RICHARD INGLIS
16 LA GORCE CIRCLEMIAMI BEACHFL33141SECRETARY & TREASURER1.00$2,500$0$0
SCOTT KENT
16 LA GORCE CIRCLEMIAMI BEACHFL33141ASSISTANT TREASURER1.00$2,500$0$0
PATRICIA HOPKINS
16 LA GORCE CIRCLEMIAMI BEACHFL33141ASSISTANT SECRETARY1.00$2,500$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
SIDLEY AUSTIN LLP
ONE S DEARBORN STREETCHICAGOIL60603LEGAL$173,717
GENERAL HEALTH CORP
2617 NE 27 TERRACEFORT LAUDERDALEFL33306MANAGEMENT SERVICE$112,000
RUSSELL INVESTMENTS
1301 2ND AVE 18TH FLOORSEATTLEWA98101INVESTMENT ADVISORY$101,542
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$32,438,243AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,952AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$19,293FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$32,460,488TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$32,460,488AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$486,907CashDeemedCharitableAmt
Net Vl Noncharitable Assets$31,973,581NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,598,679MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,598,679MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,508TaxBasedOnInvestmentIncomeAmt
Total Tax$6,508TotalTaxAmt
Distributable Before Adj$1,592,171DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,592,171DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,592,171DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,027,627ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$1,027,627QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,592,171DistributableAsAdjustedAmt
Undistributed Income PY$809,216UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$1,027,627QualifyingDistributionsAmt
Applied To Year1$809,216AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$218,411AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$1,373,760UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE CLEVELAND ORCHESTRA
11001 EUCLID AVECLEVELANDOH44106PCMIAMI RESIDENCY$150,000
THE WASHINGTON NATIONAL OPERA
2700 F STREET NWWASHINGTONDC20566PCPROGRAM SUPPORT$150,000
UNIVERSITY OF MIAMI FROST SCHOOL OF MUSIC
6200 SAN AMARA DRIVECORAL GABLESFL33146PCMUSIC THERAPY/BRAIN AGING$200,000
FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH
350 COMMUNITY DRMANHASSETNY11030PCQUALITY OF HUMAN LIFE SURVEY PROGRAM$200,000
UNIVERSITY OF MIAMI FROST SCHOOL OF MUSIC
5501 SAN AMARA DRIVECORAL GABLESFL33146GENERAL SUPPORT$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$715,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$702,755ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$702,755ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$702,755TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1M LEE PEARCE LIVING TRUSTBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1ONE S DEARBORN STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Total Contributions$20,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$22,890Amt
Net Investment Income$6,867NetInvestmentIncomeAmt
Disbursements Charitable Prps$16,023DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
RUSSELL SITE$21,668,602$22,359,912
RUSSELL SITD$11,393,056$11,772,839
RUSSELL SITJ$4,002,548$3,968,463

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
APPLIED SPECTRAL IMAGINGAT COST$19,293$19,293
GOLDMAN SACHS INVESTMENTSAT COST$0$867,511

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGALCategoryTxt
Legal Fees$179,092LegalFeesAmt
Net Investment Income$53,728NetInvestmentIncomeAmt
Disbursements Charitable Prps$125,364DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE$7,130$2,139$4,991
DUES AND SUBSCRIPTIONS$5,549$1,665$3,884
TELEPHONE AND INTERNET$1,178$353$825
OTHER BOARD EXPENSES$21,228$6,368$14,860
MEMBER FEES$5,000$1,500$3,500
OFFICE EXPENSES$2,563$769$1,794

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
GOLDMAN SACHS INVESTMENTS$653,714$684,195
ACCRUED LIABILITIES$44,499$7,734

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVISORY FEES$101,542$101,542$0
OTHER$109,044$32,713$76,331

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXES AND LICENSESCategoryTxt
Amt$2,935Amt
Net Investment Income$880NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,055DisbursementsCharitablePrpsAmt

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