HERBST FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- HERBST FOUNDATION INC (EIN 94-6061680)
- Tax period
- 2021-08-01 to 2022-07-31
- Filed
- 2022-10-31
- IRS object ID
- 202203049349101425
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-10-31T17:24:37-07:00 | ReturnTs |
| Tax Period End | 2022-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 680422725 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St Suite 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946061680 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Herbst Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HERB | BusinessNameControlTxt |
| Phone | 4152521220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert K Taylor | PersonNm |
| Person Title | Treas. & Direct | PersonTitleTxt |
| Signature | 2022-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Robert K | PersonFirstNm |
| Person Last | Taylor | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Karen Ebadi | PreparerPersonNm |
| PTIN | P00029504 | PTIN |
| Phone | 9259447662 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | 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 | $80,553,325 | 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 | $20,871 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $20,871 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $20,871 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $1,453,398 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,453,398 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,453,398 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,944,072 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,506,092 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,944,072 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $68,750 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $6,418,341 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,418,341 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,543,019 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $101,108 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $50,554 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $50,554 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $50,554 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $425 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $425 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $425 | LegalFeesAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $85,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $42,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $42,750 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $42,750 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $356,470 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $356,470 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $356,470 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $57,173 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $16,588 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $585 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,008 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $1,204 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $1,204 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $87,201 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $52,321 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $52,321 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $34,880 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $150 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $75 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $75 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $75 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $22,162 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $16,962 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $16,962 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,637 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $712,197 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $537,349 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $520,761 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $133,481 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,661,076 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,661,076 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,373,273 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $537,349 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $520,761 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,794,557 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,045,068 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,880,992 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,022,258 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $13,126,847 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $13,571,846 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $13,571,846 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $46,901,527 | CorporateStockBOYAmt |
| Corporate Stock EOY | $48,504,758 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $66,962,957 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,978 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,524 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $4,462 | LandBOYAmt |
| Land EOY | $2,454 | LandEOYAmt |
| Land EOYFMV | $2,454 | LandEOYFMVAmt |
| Other Assets BOY | $16,068 | OtherAssetsBOYAmt |
| Other Assets EOY | $16,068 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $16,068 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $60,048,904 | TotalAssetsBOYAmt |
| Total Assets EOY | $62,095,126 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $80,553,325 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $805 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,959 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $805 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,959 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $11,442,824 | CapitalStockBOYAmt |
| Capital Stock EOY | $11,442,824 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $48,605,275 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $50,650,343 | AdditionalPaidInCapitalEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $60,048,099 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $62,093,167 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $60,048,904 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $62,095,126 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $60,048,099 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,045,068 | ExcessRevenueOverExpensesAmt |
| Subtotal | $62,093,167 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $62,093,167 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| See schedule attached- Schwab | P | 2021-02-08 | 2021-12-08 | $252,067 | $162,021 | $90,046 | $90,046 |
| See schedule attached- Schwab | P | 2005-05-18 | 2022-07-27 | $4,116,229 | $1,514,200 | $2,602,029 | $2,602,029 |
| See schedule attached- Northern Trust | P | 2021-02-08 | 2021-12-08 | $243,679 | $244,269 | -$590 | -$590 |
| See schedule attached- Northern Trust | P | 2005-05-18 | 2022-07-27 | $3,807,864 | $2,040,896 | $1,766,968 | $1,766,968 |
| Class Action Settlement | P | 2005-05-18 | 2022-07-27 | $556 | $556 | $556 | |
| Dodge & Cox- capital gain distribs | P | 2005-05-18 | 2021-12-20 | $80,702 | $80,702 | $80,702 | |
| Dodge & Cox- capital gain distribs | P | 2021-11-01 | 2021-12-20 | $5,947 | $5,947 | $5,947 | |
| Wells Fargo Advisors- capital gain distr | P | 2005-05-18 | 2021-12-20 | $36,797 | $36,797 | $36,797 | |
| See schedule attached- Pershing | P | 2021-11-01 | 2021-12-20 | $54,165 | $65,023 | -$10,858 | -$10,858 |
| See schedule attached- Pershing | P | 2005-05-18 | 2021-12-20 | $1,470,470 | $1,354,562 | $115,908 | $115,908 |
| See schedule attached- WFA | P | 2021-11-01 | 2021-12-20 | $2,912,266 | $2,928,061 | -$15,795 | -$15,795 |
| See schedule attached- WFA | P | 2005-05-18 | 2021-12-20 | $1,525,350 | $1,252,988 | $272,362 | $272,362 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,944,072 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $68,750 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $81,746 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $81,746 | SubtotalAmt |
| Tax Based On Investment Income | $81,746 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $92,733 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $92,733 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $10,987 | OverpaymentAmt |
| Applied To ES Tax | $10,987 | 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 | CA | 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 | theherbstfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9259447660 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 N Main St 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | 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 | 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 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Melvyn I Mark | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | President | 1.00 | $0 |
| Jerrol L Harris | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | Director | 1.00 | $0 |
| William Noble | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | Director | 1.00 | $0 |
| Bruce W Hart | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | Director | 1.00 | $0 |
| Robert K Taylor | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | Treas. & Direct | 1.00 | $0 |
| Steven Monosson | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | Director | 1.00 | $0 |
| Fredric C Nelson Esq | ||||||
| 100 Bush St Ste 1710 | San Francisoc | CA | 94104 | Sec. & Director | 1.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Shirley Costello | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Bush St Suite 1710 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Administrator | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 20.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $68,400 | CompensationAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ClearBridge Investments LLC | |||||
| 13985 Collections Center Drive | Chicago | IL | 606930139 | Investment advisor | $82,429 |
| Stewart & Patten Co LLC | |||||
| One Post Street Ste 850 | San Francisco | CA | 94104 | Investment advisor | $66,516 |
| Wells Fargo Advisors | |||||
| 555 California St Ste 2300 | San Francisco | CA | 94104 | Investment advisor | $61,885 |
| Gardner Russo & Gardner LLC | |||||
| 223 East Chestnut Street | Lancaster | PA | 17602 | Investment advisor | $136,133 |
| RK Taylor & Associates | |||||
| 2890 North Main St 305 | Walnut Creek | CA | 94597 | CPA | $75,000 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $72,765,865 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $13,070,378 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $85,836,243 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $85,836,243 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,287,544 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $84,548,699 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,227,435 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,227,435 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $81,746 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $81,746 | TotalTaxAmt |
| Distributable Before Adj | $4,145,689 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,145,689 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,145,689 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,794,557 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,794,557 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,145,689 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,419,222 | UndistributedIncomePYAmt |
| Qualifying Distributions | $3,794,557 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,419,222 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,375,335 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,770,354 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See Schedule Attached | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o 100 Bush St 1710 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | Public | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Various | GrantOrContributionPurposeTxt |
| Amt | $3,661,076 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,661,076 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| San Francisco Boys Girls Club | |||||||
| 380 Fulton St | San Francisco | CA | 94102 | N/A | Public | Facility improvements | $750,000 |
| Fine Arts Museum of SF | |||||||
| 50 Hagiwara Tea Garden Dr | San Francisco | CA | 94118 | N/A | Public | Facility Improvements | $400,000 |
| Interfaith Center at the Presidio | |||||||
| 130 Fisher Loop | San Francisco | CA | 94129 | N/A | Public | Facility Improvements | $100,000 |
| Meals on Wheels SF | |||||||
| 1375 Fairfax Ave | San Francisco | CA | 94124 | N/A | Public | Facility Improvements | $250,000 |
| St Ignatius College Preparatory | |||||||
| 2001- 37th Ave | San Francisco | CA | 94116 | N/A | Public | Facility Improvements | $1,000,000 |
| St Mary's Medical Center Foundation | |||||||
| 450 Stanyan St | San Francisco | CA | 94117 | N/A | Public | Facility improvements | $150,000 |
| San Francisco University High Schoo | |||||||
| 3065 Jackson St | San Francisco | CA | 94115 | N/A | Public | Facility Improvements | $500,000 |
| Sterne School | |||||||
| 838 Kearny St | San Francisco | CA | 94108 | N/A | Public | Facility Improvements | $150,000 |
| YMCA of San Francisco | |||||||
| 50 California St Suite 650 | San Francisco | CA | 94111 | N/A | Public | Facility Improvements | $150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,450,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $20,871 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,453,398 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,944,072 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,418,341 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,418,341 | 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 | Accounting fees | CategoryTxt |
| Amt | $85,500 | Amt |
| Net Investment Income | $42,750 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $42,750 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $42,750 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | RtRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| Office furniture | 2020-03-09 | $7,548 | $3,924 | 200DB | 0.1920 | $1,449 | $869 | $869 |
| Computer | 2021-05-01 | $915 | $76 | 200DB | 0.6111 | $559 | $335 | $335 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | * Mr. Taylor is the owner of a professional firm which received compensation for accounting services rendered to the Herbst Foundation, Inc. | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $12,663 | $10,489 | $2,174 | $2,174 |
| Machinery and Equipment | $2,315 | $2,035 | $280 | $280 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $425 | LegalFeesAmt |
| Net Investment Income | $425 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $425 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Security Deposit | Desc |
| BOY Book Value | $16,068 | BOYBookValueAmt |
| EOY Book Value | $16,068 | EOYBookValueAmt |
| EOYFMV | $16,068 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADR fee | $563 | |||
| Insurance expense | $10,068 | $7,551 | $7,551 | $2,517 |
| Internet service | $1,220 | $610 | $610 | $610 |
| Office supplies & equipment | $2,773 | $2,496 | $2,496 | $277 |
| Postage & delivery | $373 | $336 | $336 | $37 |
| Printing & copying | $4,010 | $3,609 | $3,609 | $401 |
| Telephone expense | $1,955 | $1,760 | $1,760 | $195 |
| Website/Domain expense | $1,200 | $600 | $600 | $600 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bank custodial fees | $8,128 | $8,128 | $8,128 | $0 |
| Investment management fees | $346,963 | $346,963 | $346,963 | $0 |
| Misc bank/wire fees | $1,379 | $1,379 | $1,379 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Excise tax | $40,000 | ||
| Filing fees | $585 | $585 | |
| Foreign tax withheld | $16,588 | $16,588 |
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