2022-11-15T07:57:12-06:00
2019-12-31
204193611
Batts Morrison Wales & Lee PA
801 North Orange Avenue Suite 800
Orlando
FL
32801
990PF
2019-01-01
596152316
St Augustine Foundation Inc
STAU
9048296481
74 King Street
St Augustine
FL
32084
Dr William Abare
President
9048296481
2022-11-10
1
P00428093
4077706000
2022-11-10
2019
2022-09-23 18:48:47Z
X
X
X
4744092
X
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35
35
89838
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295785
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4042
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4070
3983310
4744092
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4072
22971
25000
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63751
103831
X
3919559
4640261
3919559
4640261
3983310
4744092
3919559
45722
674980
4640261
0
4640261
Capital Gains Dividends
P
14543
14543
14543
14543
0
219963
3574463
0.061537
246543
3465867
0.071135
182494
3087094
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FL
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N/A
The Foundation
9048296481
74 King Street
St Augustine
FL
32084
0
0
0
0
1
0
0
0
0
0
0
0
0
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1
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1
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Dr William Proctor
74 King Street
St Augustine
FL
32084
President, Chairman, Director
1.00
0
0
0
David Carson
74 King Street
St Augustine
FL
32084
Treasurer, Secretary
1.00
0
0
0
Kramer Upchurch
74 King Street
St Augustine
FL
32084
Director
1.00
0
0
0
Dr William Abare
74 King Street
St Augustine
FL
32084
Director
1.00
0
0
0
NONE
0
NONE
0
The Foundation maintains an extensive historical research library featuring books, microfilms, translation works, articles, and other publications related to the history of St. Augustine, Florida, as well as the U.S. and Spain. These resources are provided free of charge to members of the public who may utilize the resources for historical research projects, publications, lectures, or other purposes.
39150
The Foundation maintains and preserves nine historical properties in St. Augustine, Florida. The Foundation (through the use of vendors, as needed) manages the upkeep of the properties to ensure that the architecture is historically accurate and to preserve the condition of the properties such that the properties can be enjoyed and appreciated by the general public for years to come.
80500
0
3761362
182159
32997
3976518
0
0
3976518
59648
3916870
195844
195844
6221
6221
189623
0
189623
0
189623
191006
0
191006
0
191006
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0
0
74152
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34085
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302275
191006
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0
0
303658
0
0
0
0
0
0
74152
229506
69404
34085
79069
45565
1383
The Board of Directors
74 King Street
St Augustine
FL
32084
9048298481
Staugustinefound@bellsouth.net
The Foundation does not have a universal application for grant awards. The Foundation has a detailed document instructing the potential grantee regarding the information required to be included in the proposal, including: applicant's name, institutional affiliation, and other identifying information; description of the project, methodology, and expected research outcomes (including a connection between the research and the Foundation); a projected budget and the amount requested; expected timetable of the project; professional vitas and references; permits to conduct the research; and other information, includng information regarding the applicant's public charity status.
None.
Grants are awarded to public charities to support individuals selected by the public institution to conduct serious or advanced research. While grants are available to all qualified applicants, in general, those who have completed the undergraduate level of the education will be given preference. As a rule, grants are not awarded for research conducted by individuals whose academic credentials are below the Ph.D. level.
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
PF
To support the annual public lecture series and related historical education activities.
5000
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
PF
To support historical research initiatives.
19465
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
PF
To support the annual public lecture series and related historical education activities.
5000
29465
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
PF
To support historical research projects and public lecture series.
25000
25000
14
35
14
89838
16
295785
14
14543
0
400201
0
400201
0
0
0
0
0
0
0
0
0
0
Accounting Fees
13710
3947
0
9763
Vehicle
1978-01-01
14041
14041
SL
0
0
0
Historical Rental Properties F&E
1985-12-31
53677
35943
SL
0
0
0
Historical Research F&E
1985-12-31
19601
19601
SL
0
0
0
Buildings
1964-12-31
272032
228914
SL
0
0
0
Building Improvements
1989-06-30
411997
266416
SL
0
0
0
Books
1997-12-31
25000
NC
0
0
0
Land
1978-01-01
229102
NC
0
0
0
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
2019-12-02
19465
This grant was made to support the promotion and dissemination of research about St. Augustine, including archeological exploration, historic preservation, and related topics. The grantee subsequently granted these funds to beneficiaries to accomplish research projects on these topics. However, certain of the research projects to be conducted with the $19,465 were not able to be completed and/or did not require the use of the entirety of the granted funds. Accordingly, $5,000 and $1,819 of the granted funds were returned to the grantee and subsequently returned to the Foundation in 2020 and 2021, respectively.
19465
None
11/05/20 and 08/31/22
No additional verification deemed necessary.
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
2019-12-02
5000
This grant was made to support the 2020 annual lecture series conducted by the Historic St. Augustine Research Instiute, Inc. (HSARI). The public lectures were conducted on February 3, 2020 and February 18, 2020 and addressed the theme "Art, Archaeology, and History in St. Augustine". The grant proceeds were used to cover the expenses associated with the conduct of this event or for other purposes associated with the charitable operations of the grantee.
5000
None.
11/05/20
No independent verification deemed necessary.
Historic St Augustine Research Institute Inc
74 King Street
St Augustine
FL
32084
2019-01-09
5000
This grant was made to support the 2019 annual lecture series conducted by the Historic St. Augustine Research Instiute, Inc. (HSARI). The public lectures were conducted on February 25, 2019, March 4, 2019, and March 11, 2019 and addressed the theme "50 Years of Progress and Achievement". The grant proceeds were used to cover the expenses associated with the conduct of this event or for other purposes associated with the charitable operations of the grantee.
5000
None
11/10/2022
No independent verification deemed necessary.
Explanation for Amended Return
Form 990-PF, Item G
This Form 990-PF is being amended for the following reasons: (1) to report rental income received from real property held for historic preservation purposes as net investment income at Part I, Line11, Colunn (b), (2) to update expense allocations at Part I between Column (b) and Column (d) based on a reasonable methodology, (3) to remove grants made to a private non-operating foundation for which the requirements of Treas. Reg. 53.4942(a)-3(c) were not met from Part I, Line 25, Column (d), (4) to report transactions for which Part VII-B, Line 1a(4) was applicable, (5) to report grants made to a private non-operating foundation at Part VII-B, Line 5a(4), to report expenditure responsibility reports for such grants, and to prepare Form 4720 for such grants, (6) to recalculate the average fair market value of non-charitable use assets at Part X, and (7) to update excess distribution carryovers at Part XII, Line 3 for amounts that would have been carried forward had the corrections made to Part I (related to the treatment of rental income and the use of a reasonable expense allocation methodology) been applied consistently in the years in which the carryovers were generated.Additionally, certain other minor corrections, clarifications, and adjustments were made to the return.
Request for Abatement of Penalties
Form 990-PF, Part VI, Line 9
St. Augustine Foundation, Inc.74 King StreetSt. Augustine, FL 32084EIN: 59-6152316For the tax year ended December 31, 2019.The Foundation owns various historic properties in St. Augustine that it preserves, maintains, and exhibits in furtherance of its exempt purposes. The Foundation has no acquisition indebtedness on such properties. The Foundation rents certain of its historical properties to unrelated entities to operate retail businesses, and for other purposes. The Foundation generates rental income from the leases and incurs expenses associated with such rental activity. The Foundation has historically utilized the services of a CPA firm for the preparation of its Form 990-PF, Return of Private Foundation. The Foundation was not aware of and had not been advised that rent payments received from the rental of assets devoted to charitable activities were subject to the excise tax on net investment income [Treas. Reg. 53.4940-1(d)]. In 2022, the Foundation engaged a new CPA firm to evaluate the Foundation's treatment of the rental activities. The Foundation is amending the Forms 990-PF filed for the open years (2019 and 2020) to report the rental activity as subject to the tax on net investment income, and to correct other issues identified on these returns. Because the Foundation was not aware of and had not been advised that rental income derived from assets devoted to charitable activities (or that the expenses associated with the rental activities) were includable in the computation of net investment income, the Foundation respectfully requests that the IRS abate late-payment penalties associated with these Forms 990-PF as the Foundation's late-payment was due to reasonable cause and not willful neglect.
Expenditure Responsibility Reports
Form 990-PF, Part VII-B, Line 5c
The St. Augustine Foundation made three grants totaling $29,465 to another private non-operating foundation in 2019. The Foundation did not meet the expenditure responsibility requirements with respect to these grants and is flilng Form 4720 to report and pay the first tier tax on the taxable expenditures. The Foundation has included the expenditure responsibility statements with this amended Form 990-PF to evidence correction of the taxable expenditure such that the second tier tax on taxable expenditures does not apply. Accordingly, Form 990-PF, Part VI, Line 5c has been marked "yes", however, a Form 4720 has been prepared to report and pay the first tier tax.
Metropolitan West Total Return Bond Fund
896299
896299
Vanguard Total Stock Market Index Fund
2427208
2427208
American Funds EuroPacific Growth Fund
411898
411898
BlackRock Multi-Asset Income Fund
362329
362329
Vehicle
14041
14041
0
Historical Rental Properties F&E
53677
35943
17734
17734
Historical Research F&E
19601
19601
0
Buildings
272032
228914
43118
43118
Building Improvements
411997
266416
145581
145581
Books
25000
0
25000
25000
Land
229102
0
229102
229102
Accrued Interest Receivable
4042
4070
4070
D&O Insurance
4075
1173
0
2902
Liability Insurance
37562
10813
0
26748
Repairs and Maitenance - Historic Preservation Properties
11645
0
0
11645
Supplies
2430
700
0
1731
Storage - Research Artifacts
1853
0
0
1853
Other
3509
1010
0
2499
Real Property Rent Income - Historic Properties
295785
295785
Unrealized Gains and Losses
674980
Due to Affiliated Agency
31964
32539
Pension Obligation
24071
23321
Prepaid Rent
3644
0
Investment Fees
18252
18252
0
0
Payroll Taxes
7003
361
0
6641
Property Taxes
43739
43739
0
0