TASK FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- TASK FOUNDATION (EIN 13-1968353)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-15
- IRS object ID
- 202541359349101209
- Schema version
- 2024v5.1
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T07:50:08-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131968353 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TASK Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | TASK | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | jane stanley | PersonNm |
| Person Title | treasurer | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2025-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,257,888 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $12,816 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $12,816 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $86,280 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $86,280 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $889 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $253,734 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $889 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $141 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $141 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $100,126 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $100,126 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $5,188 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,188 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,600 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $30,107 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $29,567 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $540 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,343 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $20 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $23,707 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $23,707 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $65,945 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $29,587 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $35,035 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $327,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $274,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $392,945 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $29,587 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $309,535 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$292,819 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $70,539 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $284,647 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $193,676 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $193,676 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1 | AcctRcvblAmt |
| Acct Rcvbl BOY | $88 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1 | AcctRcvblEOYFMVAmt |
| US Government Obligations BOY | $420,829 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $498,309 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $485,907 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,199,935 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,199,935 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,195,357 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $511,161 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $380,720 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $382,947 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $148,800 | OtherAssetsBOYAmt |
| Total Assets BOY | $2,565,460 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,272,641 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,257,888 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,565,460 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,272,641 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,565,460 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,272,641 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,565,460 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,272,641 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,565,460 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$292,819 | ExcessRevenueOverExpensesAmt |
| Subtotal | $2,272,641 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,272,641 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $253,734 | GrossSalesPriceAmt |
| Cost Or Other Basis | $252,845 | CostOrOtherBasisAmt |
| Gain Or Loss | $889 | GainOrLossAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $889 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $980 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $980 | SubtotalAmt |
| Tax Based On Investment Income | $980 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,100 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $1,100 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $120 | OverpaymentAmt |
| Applied To ES Tax | $120 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| Ellen Kheel Jacobs | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 0.5 | $0 | $0 | $0 |
| Katherine Kheel | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 0.5 | $0 | $0 | $0 |
| Robert J Kheel | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Jane Kheel Stanley | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 2.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,742,518 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $282,093 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $27 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $6,024,638 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $6,024,638 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $90,370 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,934,268 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $296,713 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $296,713 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $980 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $980 | TotalTaxAmt |
| Distributable Before Adj | $295,733 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $295,733 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $295,733 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $309,535 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $309,535 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $295,733 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $252,382 | UndistributedIncomePYAmt |
| Qualifying Distributions | $309,535 | QualifyingDistributionsAmt |
| Applied To Year1 | $252,382 | AppliedToYear1Amt |
| Applied To Current Year | $57,153 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $238,580 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AGRICULTURAL STEWARDSHIP ASSOCIATION | |||||||
| 2531 STATE RTE 40 | GREENWICH | NY | 12834 | N/A | PC | General & Unrestricted | $25,000 |
| BIRDSCARIBBEAN | |||||||
| 841 WORCESTER ST 130 | NATICK | MA | 01760 | N/A | PC | General & Unrestricted | $15,200 |
| CLAY ART CENTER INC | |||||||
| 40 BEECH ST | PORT CHESTER | NY | 10573 | N/A | PC | General & Unrestricted | $10,000 |
| CORNELL UNIVERSITY | |||||||
| 260 DAY HALL | ITHACA | NY | 14853 | N/A | PC | The Kheel Labor-Management endowment fund that benefits the Kheel Center | $30,000 |
| MERCY FOR ANIMALS | |||||||
| 8033 SUNSET BLVD STE 864 | LOS ANGELES | CA | 90046 | N/A | PC | Giving Tuesday fund | $18,000 |
| NEW YORK URBAN LEAGUE INC | |||||||
| 675 3RD AVE STE 2221-30 | NEW YORK | NY | 10017 | N/A | PC | General & Unrestricted | $30,000 |
| THE PERSISTENCE FOUNDATION INC | |||||||
| PO BOX 11 | EAGLE BRIDGE | NY | 12057 | N/A | POF | Expenditure Responsibility Grant | $148,800 |
| RAINFOREST TRUST | |||||||
| PO BOX 841 | WARRENTON | VA | 20188 | N/A | PC | Pantanal Project | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $327,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,816 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $86,280 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $889 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| CLASS ACTION LAWSUIT PROCEEDS | 01 | $132 |
| CREDIT CARD REWARDS | 01 | $9 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $100,126 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $100,126 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit Fees | CategoryTxt |
| Amt | $5,600 | Amt |
| Disbursements Charitable Prps | $5,600 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt | Expended By GranteeExpendedByGranteeAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| THE PERSISTENCE FOUNDATION INC | ||||||||||
| PO BOX 11 | EAGLE BRIDGE | NY | 12057 | 2020-12-09 | $233,800 | PRI LOAN - TO ENSURE THE CONTINUING SUCCESS OF LAND CONSERVATION AND AGRICULTURAL PRESERVATION | NO | SEE GENERAL EXPLANATION FOR DATES OF REPORTS | SEE GENERAL EXPLANATION FOR DETAILS REGARDING AMOUNT EXPENDED, LACK OF DIVERSION, AND VERIFICATION | |
| THE PERSISTENCE FOUNDATION INC | ||||||||||
| PO BOX 11 | EAGLE BRIDGE | NY | 12057 | 2024-02-12 | $148,800 | TO ENSURE THE CONTINUING SUCCESS OF LAND CONSERVATION AND AGRICULTURAL PRESERVATION | NO | 8/19/24 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE. | $148,800 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| FORM 990-PF, PARTS I AND XIV: | FORM 990-PF, PARTS I AND XIV: | TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $327,000 Less Portion of PRI Forgiveness Not Treated as Qualifying Distribution: $52,500 TOTAL Part I, Line 25, Column (d): $274,500 |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: THE PERSISTENCE FOUNDATION INC DATE OF PRI: DECEMBER 9, 2020 AMOUNT OF PRI: $233,800 REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS ENDING 7/31/19, 7/31/20, 7/31/21, 7/31/22, 7/31/23, AND 7/31/24. THE FINANCIAL REPORT SUBMITTED BY RECIPIENT WAS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. DATES OF REPORTS: 11/22/2019, 01/07/2021, 02/03/2021, 12/26/2021, 02/13/2023, 12/20/2023, AND 8/19/2024 THE RECIPIENT REPAID $85,000 OF THE LOAN PRINCIPAL IN 2023. THE LOAN AMOUNT OF $148,800 WAS FORGIVEN AND TREATED AS A CAPITAL ENDOWMENT GRANT AS OF 2/12/2024. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. VERIFICATION: THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (16 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMERICAN EXPRESS CO - 3.950% - | $24,607 | $24,900 |
| CISCO SYS INC - 4.950% - 02/26 | $24,949 | $25,082 |
| CITIGROUP INC BND - 3.300% - 0 | $24,138 | $24,879 |
| COCA COLA CO - 1.450% - 06/01/ | $24,875 | $23,338 |
| DISNEY WALT CO - 2.950% - 06/1 | $18,380 | $19,281 |
| HOME DEPOT INC - 2.950% - 06/1 | $23,325 | $23,185 |
| INTEL CORP NOTE CALL MAKE WHOL | $24,793 | $24,833 |
| JOHN DEER CAPITAL - 4.700% - 0 | $24,530 | $24,933 |
| MCDONALDS CORP MED TERM NT - 3 | $23,926 | $24,349 |
| PEPSICO INC - 3.600% - 02/18/2 | $23,859 | $24,318 |
| PFIZER INC - 3.600% - 09/15/20 | $23,884 | $24,203 |
| TARGET CORP NOTE - 4.500% - 09 | $23,945 | $24,186 |
| TOYOTA MTR CR CORP SER B MTN C | $26,650 | $23,841 |
| U S BANCORP - 3.150% - 04/27/2 | $23,243 | $24,191 |
| UNITEDHEALTH GROUP INC - 2.875 | $22,017 | $22,980 |
| WELLS FARGO & CO - 3.000% - 04 | $23,599 | $24,448 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (36 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC CL A | $39,481 | $189,300 |
| ALPHABET INC CL C | $38,452 | $190,440 |
| AMAZON COM | $47,655 | $307,146 |
| AMERICAN WATER WORKS COMPANY I | $23,307 | $83,408 |
| AMERIPRISE FINANCIAL INC | $13,560 | $133,108 |
| APPLE INC | $64,003 | $671,125 |
| BROADCOM INC | $18,998 | $301,392 |
| CAPITAL ONE FINANCIAL CORP | $50,378 | $101,642 |
| CHEVRON CORP | $20,771 | $35,486 |
| CIGNA CORPORATION | $58,923 | $110,456 |
| CISCO SYSTEMS INC | $19,987 | $56,832 |
| CITIGROUP INC | $47,178 | $80,385 |
| COSTCO WHOLESALE CORPORATION | $28,480 | $160,347 |
| ECOLAB INC | $30,929 | $62,095 |
| EOG RESOURCES INC | $17,564 | $38,613 |
| HCA INC | $23,027 | $90,045 |
| HOME DEPOT INC | $12,991 | $155,596 |
| INTUIT | $14,447 | $91,133 |
| JP MORGAN CHASE | $47,784 | $250,497 |
| KROGER CO | $36,365 | $59,927 |
| MCKESSON CORP | $43,819 | $113,982 |
| METLIFE INC | $22,291 | $50,766 |
| MICROSOFT CORP | $85,446 | $640,679 |
| NEXTERA ENERGY, INC | $8,918 | $48,749 |
| NIKE INC-CL B | $50,541 | $59,401 |
| NORFOLK SOUTHERN CORP | $19,207 | $71,584 |
| NXP SEMICONDUCTORS | $7,700 | $27,021 |
| ORACLE CORP | $23,919 | $114,982 |
| PEPSICO INC | $36,975 | $55,502 |
| PROLOGIS | $34,736 | $89,845 |
| ROPER INDUSTRIES | $39,493 | $106,569 |
| SEALED AIR CORP | $18,848 | $23,343 |
| THERMO FISHER SCIENTIFIC INC | $54,166 | $312,138 |
| TRANSDIGM GRP INC | $11,167 | $63,364 |
| VISA INC | $48,374 | $192,784 |
| WALT DISNEY HOLDINGS CO | $40,055 | $55,675 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $498,309 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $485,907 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Document Review/Drafting | CategoryTxt |
| Legal Fees | $5,188 | LegalFeesAmt |
| Disbursements Charitable Prps | $5,188 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $22,889 | $22,889 |
| Postage/Delivery Service | $232 | $232 |
| State or Local Filing Fees | $250 | $250 |
| Website Hosting/Support | $336 | $336 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Class Action Lawsuit Proceeds | $132 | $132 |
| Credit card rewards | $9 | $9 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $29,567 | $29,567 | |
| Website Development | $540 | $540 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2024 | $1,100 | |
| 990-PF Excise Tax for 2023 | $223 | |
| Foreign Tax Paid | $20 | $20 |
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