BETA

AROUND FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
AROUND FOUNDATION (EIN 11-3377271)
Tax period
2022-05-01 to 2023-04-30
Filed
2023-12-12
IRS object ID
202333469349100013
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)
Return2023-12-12T16:45:07-05:00ReturnTs
Tax Period End2023-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARRY R CHARLES CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1280 N CENTRAL AVE STE 314AddressLine1Txt
CityHARTSDALECityNm
State AbbreviationNYStateAbbreviationCd
ZIP105301839ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113377271EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE AROUND FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAROUBusinessNameControlTxt
Phone2123624536PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J GLEICK 1965 BROADWAY 20BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES GLEICKPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2123624536PhoneNum
Signature2023-11-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastGLEICKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARRY R CHARLES CPAPreparerPersonNm
PTINP01493641PTIN
Phone9149976431PhoneNum
Preparation2023-12-12PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$6,123,500FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$79,339DividendsRevAndExpnssAmt
Dividends Net Invst Incm$79,339DividendsNetInvstIncmAmt
Dividends Adj Net Incm$79,339DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$426,519NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,392,688GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$426,519CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$505,858TotalRevAndExpnssAmt
Total Net Invst Incm$505,858TotalNetInvstIncmAmt
Total Adj Net Incm$79,339TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,200AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$275OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$275OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,475TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,475TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,165,640ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,165,640ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,169,115TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,475TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,165,640TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$663,257ExcessRevenueOverExpensesAmt
Net Investment Income$502,383NetInvestmentIncomeAmt
Adjusted Net Income$79,339AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$46,650CashBOYAmt
Cash EOY$145,440CashEOYAmt
Cash EOYFMV$145,440CashEOYFMVAmt
Corporate Stock BOY$668,150CorporateStockBOYAmt
Corporate Stock EOY$662,312CorporateStockEOYAmt
Corporate Stock EOYFMV$3,902,640CorporateStockEOYFMVAmt
Other Investments BOY$2,866,415OtherInvestmentsBOYAmt
Other Investments EOY$2,016,906OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,075,420OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,487,915TotalAssetsBOYAmt
Total Assets EOY$2,824,658TotalAssetsEOYAmt
Total Assets EOYFMV$6,123,500TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,487,915RetainedEarningBOYAmt
Retained Earning EOY$2,824,658RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,487,915TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,824,658TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,487,915TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,824,658TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,487,915TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$663,257ExcessRevenueOverExpensesAmt
Subtotal$2,824,658SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,824,658TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1000SH APPLE INCD2006-12-262022-10-13$140,192$2,919$137,273$137,273
1000SH APPLE INCD2006-12-262022-12-29$130,025$2,919$127,106$127,106
13522.65SH FIDELITY MID CAP ENHANCP2022-10-12$200,000$120,508$79,492$79,492
22497.188SH GOLDMAN SACHS CORE FIXEDP2022-10-13$200,000$220,215-$20,215-$20,215
19417.476SH FIDELITY MID CAP ENHANCEP2022-12-28$300,000$232,710$67,290$67,290
38110.630SH GOLDMAN SACHS CORE FIXEDP2023-01-17$358,240$385,525-$27,285-$27,285
- ST PARTP2023-01-17$1,373-$1,373-$1,373
FieldValueIRS element (for citing)
Capital Gain Net Income$426,519CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,373NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,983InvestmentIncomeExciseTaxAmt
Subtotal$6,983SubtotalAmt
Tax Based On Investment Income$6,983TaxBasedOnInvestmentIncomeAmt
Tax Due$6,983TaxDueAmt

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 LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES GLEICKIndividualWithBooksNm
Phone2123624536PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11965 BROADWAY 20BAddressLine1Txt
CityNEW YOKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES GLEICK
1965 BROADWAY 20BNEW YOKNY10023TRUSTEE000.00$0$0$0
CYNTHIA CROSSEN
1965 BROADWAY 20BNEW YORKNY10023TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$6,294,283AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$236,808AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,531,091TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$6,531,091AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$97,966CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,433,125NetVlNoncharitableAssetsAmt
Minimum Investment Return$321,656MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$321,656MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,983TaxBasedOnInvestmentIncomeAmt
Total Tax$6,983TotalTaxAmt
Distributable Before Adj$314,673DistributableBeforeAdjAmt
Distributable Before Ded$314,673DistributableBeforeDedAmt
Distributable As Adjusted$314,673DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,165,640ExpensesAndContributionsAmt
Qualifying Distributions$1,165,640QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$314,673DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$440,865ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$535,778ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$191,530ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,635,736ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,803,909TotalExcessDistributionCyovAmt
Qualifying Distributions$1,165,640QualifyingDistributionsAmt
Applied To Current Year$314,673AppliedToCurrentYearAmt
Remaining Distri From Corpus$850,967RemainingDistriFromCorpusAmt
Total Corpus$3,654,876TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$3,654,876ExcessDistriCyovToNextYrAmt
Excess From Year4$440,865ExcessFromYear4Amt
Excess From Year3$535,778ExcessFromYear3Amt
Excess From Year2$191,530ExcessFromYear2Amt
Excess From Year1$1,635,736ExcessFromYear1Amt
Excess From Current Year$850,967ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES GLEICK CYNTHIA CROSSEN JT WROContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonNUMEROUS CHARITIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
Address Line2VARIOUSAddressLine2Txt
CityVARIOUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusNONERecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$1,165,640Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,165,640TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$79,339ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$64,231ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$143,570ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$143,570TotalIncomeProducingActyAmt

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 (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ACCOUNTING & TAX PREPARATION-
BARRY R. CHARLES, CPA P.C.$3,200$3,200

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$662,312EOYBookValueAmt
EOYFMV$3,902,640EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIXED INCOME MUTUAL FUNDSAT COST
EQUITY MUTUAL FUNDSAT COST$2,016,906$2,075,420

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
NEW YORK STATE FILING FEE$275$275

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