2022-12-20T19:04:29-06:00 2021-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2021-01-07 861428174 The Immovable Movers Foundation % Foundation Source IMMO 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 dakin sloss trustee 8008391754 2022-09-13 true dakin sloss 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X X X 1964514 X 2181978 10 10 9246 9246 -4372 142606 119246 2186862 128502 0 11441 11441 11441 0 11441 250000 250000 261441 0 261441 1925421 128502 682556 682556 1242865 1281958 0 1925421 1964514 0 0 X 1925421 0 1925421 0 1925421 0 1925421 1925421 1925421 Publicly-traded Securities 142606 23360 119246 119246 119246 1786 1786 1786 0 1800 1800 X 0 14 14 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Dakin Sloss Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Treas 1.0 0 0 0 Gabrielle Sloss Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 1.0 0 0 0 130453 31735 0 162188 0 162188 2433 159755 7856 7856 1786 1786 6070 6070 6070 261441 0 0 0 0 261441 6070 2019 2018 2017 261441 6070 255371 255371 0 255371 255371 NONE X Work Foundation Inc PO Box 20310 SANTA BARBARA CA 931200310 N/A PC General & Unrestricted 250000 250000 14 10 14 9246 18 -4372 4884 4884 false false false false false false false false false false X X 1 The Immovable Movers D Trust c/o Dakin Sloss PO Box 606 Teton Village WY 83025 23599 X 2 The Immovable Movers G Trust c/o Gabrielle Sloss PO Box 606 Teton Village WY 83025 23599 X 3 The Immovable Movers Trust c/o Dakin Sloss PO Box 606 Teton Village WY 83025 2134780 X X 1 ARCHER AVIATION ORD SHS CLASS A ACHR, 3134 sh. 23599 2021-10-14 2 ARCHER AVIATION ORD SHS CLASS A ACHR, 3134 sh. 23599 2021-10-14 3 ARCHER AVIATION ORD SHS CLASS A ACHR, 13251 sh. 99780 2021-10-14 FIDELITY MSCI MATERIALS INDEX 248653 258395 SPDR GOLD SHARES 248539 256269 VANGUARD FTSE DEVELOPED MARKET 248723 251317 VANGUARD HIGH DIV YIELD 248614 254490 VANGUARD SF REIT ETF 248336 261487 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $250,000. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 4941 4941 Administrative Set-Up Fee 5400 5400 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 This Form 990-PF was originally electronically filed timely by 11/15/22 and was rejected by the IRS because the foundation has not yet received its determination as an exempt organization. Although we contacted the IRS within the 10 day perfection period, an analyst did not respond to us until today. As such, we respectfully request that no late filing penalties be assessed.