THE GFC FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- THE GFC FOUNDATION (EIN 87-0529248)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-06-18
- IRS object ID
- 202501699349100610
- 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
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-06-18T10:09:14-07:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 870644612 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vigoren & Co CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 63 W 600 N | AddressLine1Txt |
| City | Lindon | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84042 | 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 | 870529248 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The GFC Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GFCF | BusinessNameControlTxt |
| Phone | 3852259564 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 754 | AddressLine1Txt |
| City | Pleasant Grove | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84062 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael J Ware | PersonNm |
| Person Title | Secretary | PersonTitleTxt |
| Phone | 3852259564 | PhoneNum |
| Signature | 2025-06-16 | 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 | RONALD W VIGOREN CPA | PreparerPersonNm |
| PTIN | P00066762 | PTIN |
| Phone | 8013772177 | PhoneNum |
| Preparation | 2025-06-18 | PreparationDt |
| 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 | $14,967,191 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $226,361 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $110,028 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $180,793 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $180,793 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,701 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,087,063 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,701 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | -$114,620 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$177,544 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $295,235 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $115,978 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $16,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $5,815 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,815 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $57,203 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $57,203 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $7,781 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,781 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $15,882 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $12,229 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $114,910 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $70,799 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,216,492 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,216,492 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,331,402 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $70,799 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,216,492 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,036,167 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $45,179 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $44,505 | CashBOYAmt |
| Cash EOY | $11,496 | CashEOYAmt |
| Cash EOYFMV | $11,496 | CashEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl | $217,782 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $290,866 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $217,782 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $217,782 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $14,393,801 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $13,799,681 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $14,737,913 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,729,172 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,028,959 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $14,967,191 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $14,729,172 | RetainedEarningBOYAmt |
| Retained Earning EOY | $14,028,959 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,729,172 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,028,959 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,729,172 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,028,959 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,729,172 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,036,167 | ExcessRevenueOverExpensesAmt |
| Other Increases | $409,659 | OtherIncreasesAmt |
| Subtotal | $14,102,664 | SubtotalAmt |
| Other Decreases | $73,705 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,028,959 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PUBLICALLY TRADED SECURITIES FIDELITY SHORT TERM STOCK SALE TRANSACTIONS | P | 2023-10-27 | 2024-08-05 | $791,640 | $0 | $794,101 | -$2,461 | $0 | $0 | $0 | -$2,461 |
| PUBLICALLY TRADED SECURITIES FIDELITY LONG TERM STOCK SALE TRANSACTIONS | P | 2022-03-07 | 2024-04-19 | $2,087,826 | $0 | $2,211,657 | -$123,831 | $0 | $0 | $0 | -$123,831 |
| PUBLICALLY TRADED SECURITIES CAPITAL GAIN DISTRIBUTIONS | P | 2023-06-30 | 2024-12-31 | $83,069 | $0 | $0 | $83,069 | $0 | $0 | $0 | $83,069 |
| K-1 BRIDGE NET SECTION 1231 GAIN | P | 2020-01-01 | 2024-12-31 | $8,861 | $0 | $0 | $8,861 | $0 | $0 | $0 | $8,861 |
| K-1 GPB CAPITAL LT CG | P | 2020-01-01 | 2024-12-31 | $1,710 | $0 | $0 | $1,710 | $0 | $0 | $0 | $1,710 |
| K-1 MERCATO II LT CG | P | 2020-01-01 | 2024-12-31 | $0 | $0 | $12,131 | -$12,131 | $0 | $0 | $0 | -$12,131 |
| K-1 MERCATO III LT CG | P | 2020-01-01 | 2024-12-31 | $0 | $0 | $11,551 | -$11,551 | $0 | $0 | $0 | -$11,551 |
| K-1 PELLON VENTURES V LT CG | P | 2020-01-01 | 2024-12-31 | $189 | $0 | $0 | $189 | $0 | $0 | $0 | $189 |
| K-1 PETERSON VENTURE II LT CG | P | 2020-01-01 | 2024-12-31 | $58,846 | $0 | $0 | $58,846 | $0 | $0 | $0 | $58,846 |
| K-1 PETERSON VENTURE II SECTION 1202 QSB | P | 2020-01-01 | 2024-12-31 | $54,922 | $0 | $54,922 | $0 | $0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,701 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$2,461 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $628 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $628 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $628 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,320 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $5,320 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$5,320 | OriginalReturnOverpaymentAmt |
| Overpayment | $4,692 | OverpaymentAmt |
| Applied To ES Tax | $4,692 | 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 | UT | 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 |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MICHAEL J WARE | IndividualWithBooksNm |
| Phone | 3852259564 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 754 | AddressLine1Txt |
| City | PLEASANT GROVE | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84062 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| LAURALYN B SWIM | ||||||||
| 125 E Main St 122 | AMERICAN FORK | UT | 84003 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| BRENT MCKINLEY | ||||||||
| 125 E Main St 122 | AMERICAN FORK | UT | 84003 | DIRECTOR | 2.00 | $16,000 | $0 | $0 |
| MICHALE WARE | ||||||||
| 125 E Main St 122 | AMERICAN FORK | UT | 84003 | SECRETARY | 2.00 | $5,040 | $0 | $0 |
| 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 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,354,386 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $11,496 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,445,295 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $13,811,177 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $13,811,177 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $207,168 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $13,604,009 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $680,200 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $680,200 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $628 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $628 | TotalTaxAmt |
| Distributable Before Adj | $679,572 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $679,572 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $679,572 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,216,492 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,216,492 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $679,572 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,908,122 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,192,569 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $638,552 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,186,591 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,925,834 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,216,492 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $1,216,492 | RemainingDistriFromCorpusAmt |
| Total Corpus | $6,142,326 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $679,572 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,908,122 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,234,204 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $1,192,569 | ExcessFromYear3Amt |
| Excess From Year2 | $638,552 | ExcessFromYear2Amt |
| Excess From Year1 | $1,186,591 | ExcessFromYear1Amt |
| Excess From Current Year | $1,216,492 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AMERICAN HERITAGE SCHOOL | ||||||
| 736 N 1100 E | AMERICAN FORK | UT | 84003 | POF | GENERAL PURPOSE | $53,698 |
| INSTITUTE FOR FAMILY STUDIES | ||||||
| PO BOX 1502 | CHARLOTTESVILLE | VA | 22902 | POF | GENERAL PURPOSE | $25,000 |
| PHILANTHROPY ROUNDTABLE | ||||||
| 1120 20TH STREET NW | WASHINGTON | DC | 20036 | POF | GENERAL PURPOSE | $2,564 |
| SUTHERLAND INSTITUTE | ||||||
| 15 W SOUTH TEMPLE STE 200 | SALT LAKE CITY | UT | 84101 | POF | GENERAL PURPOSE | $1,053,230 |
| ATLAS NETWORK | ||||||
| 4075 WILSON BLVD SUITE 310 | ARLINGTON | VA | 22203 | POF | GENERAL PURPOSE | $10,000 |
| BILL OF RIGHTS INSTITUTE | ||||||
| 1310 NORTH COURTHOUSE RD 620 | ARLINGTON | VA | 22201 | POF | GENERAL PURPOSE | $10,000 |
| DC FAMILY & YOUTH INSTITUTE | ||||||
| 853 NEW JERSEY AVENUE SE SUITE 200 | WASHINGTON | DC | 20003 | POF | GENERAL PURPOSE | $3,000 |
| ECHO | ||||||
| PO BOX 4120 | SANTA CLARA | CA | 95056 | POF | GENERAL PURPOSE | $1,000 |
| ETHICS AND PUCLI POLICY CENTER | ||||||
| 1730 M STREET NW SUITE 910 | WASHINGTON | DC | 20036 | POF | GENERAL PURPOSE | $15,000 |
| FEAST | ||||||
| 26 F CONGRESS STREET SUITE 117 | SARATOGA SPRINGS | NY | 12966 | POF | GENERAL PURPOSE | $1,000 |
| FOUNDING FORWARD | ||||||
| PO BOX 67 | VALLEY FORGE | PA | 19481 | POF | GENERAL PURPOSE | $25,000 |
| JEFFERSON INSTITUTE | ||||||
| 160 N CAROLINA AVE SE | WASHINGTON | DC | 20003 | POF | GENERAL PURPOSE | $2,000 |
| KIDS ON THE MOVE | ||||||
| 475 W 260 N | OREM | UT | 84057 | POF | GENERAL PURPOSE | $1,000 |
| LOGOS CLASSICAL ACADEMY | ||||||
| 3252 GRADY LANE | WOODBRIDGE | VA | 22192 | POF | GENERAL PURPOSE | $14,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,216,492 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $110,028 | ExclusionAmt |
| Related Or Exempt Function Incm | $116,333 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $180,793 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,701 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (15 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| BRIDGE SENIOR HOUSING (LN 1) | 900003 | -$31,351 | ||
| GPB AUTOMOTIVE CAPITAL (LN 1) | 900003 | -$11,271 | ||
| RED BRIDGE CAPITAL | 18 | -$82,627 | ||
| GPB AUTOMOTIVE CAPITAL RENTAL | 18 | -$10 | ||
| BRIDGE SENIOR HOUSING | 18 | -$68 | ||
| GPB AUTOMOTIVE CAPITAL | 18 | -$852 | ||
| MERCATO PARTNERS II | 18 | -$449 | ||
| MERCATO PARTNERS III | 18 | -$30,014 | ||
| PELION VENTURES V | 18 | -$9,863 | ||
| PETERSON VENTURE II | 18 | -$11,031 | ||
| BRIDGE SENIOR HOUSING | 18 | -$8 | ||
| GPB AUTOMOTIVE CAPITAL | 18 | |||
| OTHER INCOME | 18 | $2,571 | ||
| NON-DIV DISTRIBUTION (RETURN OF CAPITAL) | 18 | $208 | ||
| FEDERAL TAX REFUND | 18 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$42,622 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $161,379 | ExclusionAmt |
| Related Or Exempt Function Incm | $116,333 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $235,090 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | N/A | LineNumberTxt |
| Relationship Statement | US TREASURY BOND INTEREST INCOME | RelationshipStatementTxt |
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 | VIGOREN & CO CPA TAX PREPARATION | CategoryTxt |
| Amt | $5,815 | Amt |
| Net Investment Income | $5,815 | NetInvestmentIncomeAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (10 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|
| PUBLICALLY TRADED SECURITIES FIDELITY SHORT TERM STOCK SALE TRANSACTIONS | Purchased | $791,640 | $794,101 | -$2,461 |
| PUBLICALLY TRADED SECURITIES FIDELITY LONG TERM STOCK SALE TRANSACTIONS | Purchased | $2,087,826 | $2,211,657 | -$123,831 |
| PUBLICALLY TRADED SECURITIES CAPITAL GAIN DISTRIBUTIONS | $83,069 | $83,069 | ||
| NET SECTION 1231 GAIN | $8,861 | $8,861 | ||
| K-1 GPB CAPITAL | $1,710 | $1,710 | ||
| K-1 MERCATO II | $12,131 | -$12,131 | ||
| K-1 MERCATO III | $11,551 | -$11,551 | ||
| K-1 PELLON VENTURES V | $189 | $189 | ||
| K-1 PETERSON VENTURE II | $58,846 | $58,846 | ||
| K-1 PETERSON VENTURE II SECTION 1202 QSB | $54,922 | $54,922 | $0 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MANAGED ACCOUNTS | $10,354,386 | $11,292,618 |
| PRIVATE HOLDINGS | $3,445,295 | $3,445,295 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 2023 after year end adjustments | Desc |
| Amt | $73,705 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| BANK FEES | $700 |
| CLOUD SERVICES | $1,178 |
| COMPLIANCE | $20 |
| FOOD FOR BOARD MTGS/SEMINARS | $7,701 |
| MAILBOX | $1,109 |
| OFFICE SUPPLIES | $1,268 |
| SOFTWARE | $103 |
| OTHER OPERATIONS | $150 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 BRIDGE SENIOR HOUSING | -$31,351 | -$31,351 |
| K-1 GPB CAPITAL | -$11,271 | -$11,271 |
| K-1 RED BRIDGE CAPITAL | -$82,627 | -$82,627 |
| K-1 GPB CAPITAL RENTAL INC | -$10 | -$10 |
| K-1 BRIDGE SENIOR HOUSING | -$68 | -$68 |
| K-1 GPB CAPITAL | -$852 | -$852 |
| K-1 MARCATO II | -$449 | -$449 |
| K-1 MARCATO III | -$30,014 | -$30,014 |
| K-1 PELION VENTURES V | -$9,863 | -$9,863 |
| K-1 PETERSON VENTURE II | -$11,031 | -$11,031 |
| K-1 BRIDGE SENIOR HOUSING | -$8 | -$8 |
| K-1 GPB CAPITAL OTHER INCOME | $0 | $0 |
| OTHER INCOME | $2,571 | $0 |
| NON-DIV DISTRIBUTION (RETURN OF CAPITAL) | $5,431 | $0 |
| FEDERAL TAX REFUND | $0 | $0 |
| SECTION 1202 QSB STOCK TAX-EXEMPT INCOME | $54,922 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ASSETS IN TRANSITION | Desc |
| Amt | $409,659 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MICHAEL WARE CLERICAL | $5,040 | $5,040 |
| FIDELITY MANAGEMENT FEES | $52,163 | $52,163 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAXES | $7,099 | $7,099 |
| FOREIGN TAXES | $682 | $682 |
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