CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION (EIN 05-0502562)
- Tax period
- 2019-12-01 to 2020-11-30
- Filed
- 2022-01-24
- IRS object ID
- 202210249349100306
- Schema version
- 2019v5.2
- 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
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-01-24T10:05:39-06:00 | ReturnTs |
| Tax Period End | 2020-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043023027 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERDOLINO & LOWEY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 WASHINGTON ST SUITE 101 | AddressLine1Txt |
| City | FOXBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02035 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050502562 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHARLES & AGNES KAZARIAN | BusinessNameLine1Txt |
| Business Name Line2 | ETERNAL FOUNDATION C/O PAUL B KAZARIAN | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAR | BusinessNameControlTxt |
| Phone | 4018616160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1629 K STREET NW SUITE 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | POWER OF ATTORNEY FOR CHAIRMANPRES | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4018616160 | PhoneNum |
| Signature | 2022-01-24 | SignatureDt |
| Discuss With Paid Preparer | 0 | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HEATHER MEDEIROS CPA | PreparerPersonNm |
| PTIN | P00458639 | PTIN |
| Phone | 5085431720 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $208,448,911 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $80,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $70,856 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $70,856 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $70,856 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $347,630 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $347,630 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $347,630 | DividendsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $6,000 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,000 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $6,000 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $80,424,486 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $424,486 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $424,486 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $50,137 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $4,900 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $45,237 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $25,877 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $2,588 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $23,289 | PensionEmplBnftDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,965 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $396 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $3,569 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $23,507 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $23,507 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $5,004 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $500 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $4,504 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $4,553 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,553 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,038,864 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $58,938 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,972,709 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,151,907 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $67,322 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $23,507 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,053,861 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,151,907 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $67,322 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $23,507 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,053,861 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $78,272,579 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $357,164 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $400,979 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $282,858 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $356,775 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $356,775 | SavAndTempCashInvstEOYFMVAmt |
| Pledges Rcvbl | $80,000,000 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $76,000,000 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $80,000,000 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $80,000,000 | PledgesRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $22,971 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $802 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $22,971 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $22,971 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $825 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $825 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $825 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $345,838 | CorporateStockBOYAmt |
| Corporate Stock EOY | $345,838 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $212,100 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $44,090,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $42,290,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $42,290,000 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,514,595 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $81,781 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $14,456,321 | LandBOYAmt |
| Land EOY | $14,432,814 | LandEOYAmt |
| Land EOYFMV | $14,432,814 | LandEOYFMVAmt |
| Other Assets BOY | $69,805,743 | OtherAssetsBOYAmt |
| Other Assets EOY | $71,133,426 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $71,133,426 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $204,982,387 | TotalAssetsBOYAmt |
| Total Assets EOY | $208,582,649 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $208,448,911 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | 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 | $204,982,387 | RetainedEarningBOYAmt |
| Retained Earning EOY | $208,582,649 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $204,982,387 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $208,582,649 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $204,982,387 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $208,582,649 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $204,982,387 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $78,272,579 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,327,683 | OtherIncreasesAmt |
| Subtotal | $284,582,649 | SubtotalAmt |
| Other Decreases | $76,000,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $208,582,649 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,902,475 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $45,923,609 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.063202 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,005,943 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $48,261,604 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.062284 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,652,299 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $31,493,410 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.052465 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,642,952 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $30,773,676 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.053388 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,507,551 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $29,167,597 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.051686 | DistributionYr5Rt |
| Total Distribution | 0.283025 | TotalDistributionRt |
| Average Distribution | 0.056605 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $43,749,747 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,476,454 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,572 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,480,026 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,053,861 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,143 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,143 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,143 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $46,435 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $46,435 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $39,292 | OverpaymentAmt |
| Applied To ES Tax | $39,292 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | 0 | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KAZARIAN FOUNDATION | IndividualWithBooksNm |
| Phone | 2126602000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1629 K STREET | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (1) | ForeignAccountsQuestionInd |
| Foreign Country | SZ | ForeignCountryCd |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL B KAZARIAN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1629 K STREET NW SUITE 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | CHAIRMAN/PRESIDENT | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 50.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ECONOMIC DEVELOPMENT - COMMUNITY FINANCE: PARTNERED WITH CDFI TO PROVIDE JOB CREATION LOANS AND BANKING SERVICES IN ECONOMICALLY DISTRESSED MIDWESTERN US URBAN COMMUNITIES, HELPING TO FINANCE OVER $53 MILLION IN COMMUNITY DEVELOPMENT LENDING AND ADMINISTER $127 MILLION IN PPP LOANS HELPING 829 SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS KEEP CLOSE TO 15,000 JOBS ON PAYROLL IN 2020. | Description1Txt |
| Expenses1 | $21,678 | Expenses1Amt |
| Description2 | ECONOMIC DEVELOPMENT - EMERGING ENTREPRENEURS: PROVIDE JOB CREATION LOANS TO SOCIALLY RESPONSIBLE ENTREPRENEURS IN AN ECONOMICALLY DEPRESSED COMMUNITY IN THE NORTHEAST US AS WELL AS SELECT GLOBAL MISSION-RELATED ENTREPRENEURS. | Description2Txt |
| Expenses2 | $14,375 | Expenses2Amt |
| Description3 | ECONOMIC DEVELOPMENT/EDUCATION - J-INTERSECT: PRODUCED AND BUILT SEARCHABLE DIGITAL LIBRARY OF 420+ GLOBAL BENCHMARKING AND BEST PRACTICE RESEARCH REPORTS; DISCOVERED AND ANALYZED 1,300+ GLOBAL BENCHMARKS AND 1,700+ HIGH VALUE-ADD BENCHMARKS; BACKLOG OF 40 RESEARCH REPORTS. WWW.JINTERSECT.COM | Description3Txt |
| Expenses3 | $312,160 | Expenses3Amt |
| Description4 | EDUCATION - FINANCIAL AND MULTI-CULTURAL LITERACY: ORGANIZED AND DEVELOPED MAJOR GLOBAL CONFERENCES; DESIGNED AND DELIVERED PUBLIC FINANCIAL MANAGEMENT EDUCATIONAL PRESENTATIONS AND GRADUATE- AND EXECUTIVE-LEVEL COURSEMATERIALS. EXPANDED CENTER FOR PUBLIC FINANCIAL MANAGEMENT AND WEB-BASED EDUCATIONAL RESOURCES. ESTABLISHED CULTURAL HERITAGE ARTS EDUCATIONAL PROGRAM. PARTNERED ON PROGRAM THAT HAS PROVIDED $130 MILLION IN LOANS TO MORE THAN 1.2 MILLION POVERTY STRICKEN CLIENTS TO ATTEND SCHOOL WITH 99% LITERACY RATE EXPENSES. | Description4Txt |
| Expenses4 | $1,705,539 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PRIOR PROGRAM RELATED INVESTMENT UTILIZED AS A QUALIFYING DISTRIBUTION REPAID. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Description2 | PRIOR PROGRAM RELATED INVESTMENT UTILIZED AS A QUALIFYING DISTRIBUTION REPAID. | Description2Txt |
| Expenses2 | $0 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $41,895,989 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,519,998 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $44,415,987 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $44,415,987 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $666,240 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $43,749,747 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,187,487 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,053,861 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,053,861 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,053,861 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2000-03-17 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $400,979 | CurrentYearAmt |
| Year1 | $886,241 | Year1Amt |
| Year2 | $866,253 | Year2Amt |
| Year3 | $1,574,671 | Year3Amt |
| Total | $3,728,144 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $340,832 | CurrentYearAmt |
| Year1 | $753,305 | Year1Amt |
| Year2 | $736,315 | Year2Amt |
| Year3 | $1,338,470 | Year3Amt |
| Total | $3,168,922 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,053,861 | CurrentYearAmt |
| Year1 | $2,910,762 | Year1Amt |
| Year2 | $3,113,042 | Year2Amt |
| Year3 | $1,849,071 | Year3Amt |
| Total | $9,926,736 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,053,861 | CurrentYearAmt |
| Year1 | $2,910,762 | Year1Amt |
| Year2 | $3,113,042 | Year2Amt |
| Year3 | $1,849,071 | Year3Amt |
| Total | $9,926,736 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,458,325 | CurrentYearAmt |
| Year1 | $1,530,787 | Year1Amt |
| Year2 | $1,608,720 | Year2Amt |
| Year3 | $1,049,781 | Year3Amt |
| Total | $5,647,613 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PAUL B KAZARIAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | 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 | $70,856 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $347,630 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,000 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $424,486 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $424,486 | 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 | PAUL KAZARIAN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O VL 124 WASHINGTON ST 101 | AddressLine1Txt |
| City | FOXBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02035 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $80,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PROGRAM RELATED INVESTMENT UTILIZED AS A QUALIFYING DISTRIBUTION REPAID. | Desc |
| Amt | $0 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (9 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| OFFICE FURNITURE | 2017-07-01 | $191,129 | $47,782 | ADS | 10.000000000000 | $19,113 | $0 | $19,113 |
| AV EQUIPMENT | 2017-08-16 | $19,505 | $9,753 | ADS | 5.000000000000 | $3,901 | $0 | $3,901 |
| LANDSCAPING | 2018-10-15 | $20,690 | NC | 15.000000000000 | $0 | $0 | $0 | |
| FURNITURE | 2017-12-07 | $4,928 | $739 | ADS | 10.000000000000 | $493 | $0 | $493 |
| OFFICE BUILDING | 2017-06-08 | $6,266,002 | NC | 40.000000000000 | $0 | $0 | $0 | |
| LAND | 2017-06-08 | $7,704,114 | L | $0 | $0 | $0 | ||
| FURNITURE | 2017-06-08 | $282,547 | NC | 10.000000000000 | $0 | $0 | $0 | |
| LANDSCAPING | 2019-11-30 | $20,322 | NC | 15.000000000000 | $0 | $0 | $0 | |
| FURNITURE | 2019-02-13 | $5,358 | NC | 10.000000000000 | $0 | $0 | $0 |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION IS NOT REQUIRED TO FILE FORM 990-PF WITH THE DELAWARE ATTORNEY GENERAL SINCE THE FOUNDATION HAS NO ACTIVITIES CONDUCTED IN THE STATE OF DELAWARE. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | UBS AG | StockNm |
| EOY Book Value | $345,838 | EOYBookValueAmt |
| EOYFMV | $212,100 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| UBS SFA - FID TIME DEPOSITS | AT COST | $34,800,000 | $34,800,000 |
| UBS SFA - FID CALL DEPOSITS | AT COST | $2,790,000 | $2,790,000 |
| BANK VONTOBEL - FID CALL DEPOSITS | AT COST | $480,000 | $480,000 |
| BANK VONTOBEL - FID TIME DEPOSITS | AT COST | $4,220,000 | $4,220,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| OFFICE FURNITURE | $191,129 | $66,895 | $124,234 |
| AV EQUIPMENT | $19,505 | $13,654 | $5,851 |
| LANDSCAPING | $20,690 | $0 | $20,690 |
| FURNITURE | $4,928 | $1,232 | $3,696 |
| OFFICE BUILDING | $6,266,002 | $0 | $6,266,002 |
| LAND | $7,704,114 | $0 | $7,704,114 |
| FURNITURE | $282,547 | $0 | $282,547 |
| LANDSCAPING | $20,322 | $0 | $20,322 |
| FURNITURE | $5,358 | $0 | $5,358 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (9 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ECONOMIC INTEREST IN PROFIT PARTICIPATION | $21,000,000 | $21,000,000 | $21,000,000 |
| PROGRAM RELATED INVESTMENT - A | $40,800,000 | $40,800,000 | $40,800,000 |
| PROGRAM RELATED INVESTMENT - B | $1,708,881 | $1,716,189 | $1,716,189 |
| PROGRAM RELATED INVESTMENT - C | $1,000,000 | $1,000,000 | $1,000,000 |
| PROGRAM RELATED INVESTMENT - D | $3,115,550 | $3,130,039 | $3,130,039 |
| PROGRAM RELATED INVESTMENT - E | $80,002 | $86,002 | $86,002 |
| PROGRAM RELATED INVESTMENT - F | $1,310 | $1,196 | $1,196 |
| PROGRAM RELATED INVESTMENT - G | $2,100,000 | $2,100,000 | $2,100,000 |
| PROGRAM RELATED INVESTMENT - H | $1,300,000 | $1,300,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CASH TO ACCRUAL ADJUSTMENT - PRIOR YEARS' PLEDGES RECEIVABLE | Desc |
| Amt | $76,000,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK & INVESTMENT FEES | $37,462 | $37,462 | $0 | $0 |
| DIRECT PROGRAM EXPENSE | $609,204 | $0 | $0 | $609,204 |
| PROFESSIONAL FEES | $4,730 | $4,730 | $0 | $0 |
| INSURANCE | $11,153 | $1,115 | $0 | $10,038 |
| K-1, 1915 THE MOVIE LLC | $114 | $0 | $0 | $114 |
| OFFICE EXPENSE | $37,599 | $12,649 | $0 | $24,950 |
| FILING FEES | $10,119 | $2,902 | $0 | $0 |
| PRI | $1,327,683 | $0 | $0 | $1,327,683 |
| TELEPHONE | $800 | $80 | $0 | $720 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 1915 THE MOVIE LLC | Desc |
| Revenue And Expenses Per Books | $6,000 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $6,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $6,000 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXPENDITURE FOR PROGRAM RELATED INVESTMENT | Desc |
| Amt | $1,327,683 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $3,965 | Amt |
| Net Investment Income | $396 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $3,569 | DisbursementsCharitablePrpsAmt |
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