TASK FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- TASK FOUNDATION (EIN 13-1968353)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202223199349110092
- Schema version
- 2021v4.2
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T19:49:59-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131968353 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TASK Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | TASK | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT KHEEL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ROBERT | PersonFirstNm |
| Person Last | KHEEL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| 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 | $6,150,494 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $184 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $184 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $67,643 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $67,643 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $64,736 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $197,955 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $64,736 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,192 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $133,755 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $132,563 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $5,200 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,200 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $26,973 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $26,973 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $711 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $11 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $21,977 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $21,977 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $54,861 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $26,984 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $27,177 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $195,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $195,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $250,461 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $26,984 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $222,777 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$116,706 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $105,579 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $332,016 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $299,011 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $299,011 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $368,555 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $367,426 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $370,748 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,535,587 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,453,118 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,763,874 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $468,069 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $467,966 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $483,061 | CorporateBondsEOYFMVAmt |
| Other Assets BOY | $233,800 | OtherAssetsBOYAmt |
| Other Assets EOY | $233,800 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $233,800 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $2,938,027 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,821,321 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,150,494 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,938,027 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,821,321 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,938,027 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,821,321 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,938,027 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,821,321 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,938,027 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$116,706 | ExcessRevenueOverExpensesAmt |
| Subtotal | $2,821,321 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,821,321 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $197,955 | GrossSalesPriceAmt |
| Cost Or Other Basis | $133,219 | CostOrOtherBasisAmt |
| Gain Or Loss | $64,736 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $64,736 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $64,736 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,468 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,468 | SubtotalAmt |
| Tax Based On Investment Income | $1,468 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $700 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $768 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,468 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
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 | NY | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| Ellen Kheel Jacobs | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 0.5 | $0 | $0 | $0 |
| Katherine Kheel | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 0.5 | $0 | $0 | $0 |
| Robert J Kheel | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Jane Kheel Stanley | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 2.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,171,309 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $355,542 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,526,851 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,526,851 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $82,903 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,443,948 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $272,197 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $272,197 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,468 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,468 | TotalTaxAmt |
| Distributable Before Adj | $270,729 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $270,729 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $270,729 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $222,777 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $222,777 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $270,729 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $222,260 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Qualifying Distributions | $222,777 | QualifyingDistributionsAmt |
| Applied To Year1 | $222,260 | AppliedToYear1Amt |
| Applied To Current Year | $517 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $270,212 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AGRICULTURAL STEWARDSHIP ASSOCIATION | |||||||
| 2531 STATE RTE 40 | GREENWICH | NY | 12834 | N/A | PC | General & Unrestricted | $25,000 |
| BIRDSCARIBBEAN | |||||||
| 14 BARNESDALE RD | NATICK | MA | 01760 | N/A | PC | General & Unrestricted | $15,200 |
| CLAY ART CENTER INC | |||||||
| 40 BEECH ST | PORT CHESTER | NY | 10573 | N/A | PC | General & Unrestricted | $10,000 |
| COALITION FOR RAINFOREST NATIONS SECRETARIAT | |||||||
| 52 VANDERBILT AVE 14TH FL | NEW YORK | NY | 10017 | N/A | PC | General & Unrestricted | $15,200 |
| CORNELL UNIVERSITY | |||||||
| 260 DAY HALL | ITHACA | NY | 14853 | N/A | PC | Cornell's Kheel Labor-Management endowment fund that benefits Kheel Center | $30,000 |
| GOOD FOOD INSTITUTE INC | |||||||
| 2503D N HARRISON ST 19 | ARLINGTON | VA | 22207 | N/A | PC | General & Unrestricted | $15,000 |
| INTERNATIONAL RESCUE COMMITTEE INC | |||||||
| PO BOX 6068 | ALBERT LEA | MN | 56007 | N/A | PC | General & Unrestricted | $25,000 |
| MERCY FOR ANIMALS | |||||||
| 8033 SUNSET BLVD STE 864 | LOS ANGELES | CA | 90046 | N/A | PC | General & Unrestricted | $15,000 |
| NEW YORK URBAN LEAGUE INC | |||||||
| 8 W 126TH ST | NEW YORK | NY | 10027 | N/A | PC | General & Unrestricted | $30,000 |
| RAINFOREST TRUST | |||||||
| PO BOX 841 | WARRENTON | VA | 20188 | N/A | PC | General & Unrestricted | $15,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $195,600 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $184 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $67,643 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $64,736 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Federal Tax Refund | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $1,192 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $133,755 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $133,755 | 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 | Audit Fees | CategoryTxt |
| Amt | $5,200 | Amt |
| Disbursements Charitable Prps | $5,200 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PERSISTENCE FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 11 | AddressLine1Txt |
| City | EAGLE BRIDGE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12057 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2020-12-09 | GrantDt |
| Grant | $233,800 | GrantAmt |
| Purpose Of Grant | PRI LOAN - TO ENSURE THE CONTINUING SUCCESS OF LAND CONSERVATION AND AGRICULTURAL PRESERVATION | PurposeOfGrantTxt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 11/22/2019, 01/07/2021, 02/03/2021, 12/26/2021 | DatesOfReportsByGranteeTxt |
| Results Of Verification | SEE GENERAL EXPLANATION FOR DETAILS REGARDING AMOUNT EXPENDED, LACK OF DIVERSION, AND VERIFICATION | ResultsOfVerificationTxt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 990-PF, PART VI-B, LINE 5C - EXPENDITURE RESPONSIBILITY | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART VI-B, LINE 5C - EXPENDITURE RESPONSIBILITY | FormAndLineReferenceDesc |
| Medium Explanation | PRI RECIPIENT: THE PERSISTENCE FOUNDATION, INC. DATE OF PRI: DECEMBER 9, 2020 REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS ENDING 7/31/19, 7/31/20, AND 7/31/21. THE FINANCIAL REPORT SUBMITTED BY RECIPIENT WAS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2021. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. VERIFICATION: THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (13 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMERICAN EXPRESS - 2.650% - 12 | $34,540 | $35,665 |
| ANHEUSER BUSCH INBEV BOND - 3. | $35,524 | $37,596 |
| APPLE INC - 3.450% - 05/06/202 | $35,342 | $37,023 |
| BANK AMER CORP - 4.125% - 01/2 | $35,288 | $37,192 |
| BERKSHIRE HATHAWAY INC - 0.000 | $35,062 | $35,748 |
| CATERPILLAR FINL SVCS MTNS BE | $50,111 | $52,535 |
| CISCO SYSTEMS INC - 3.625% - 0 | $35,604 | $37,137 |
| COCA COLA CO - 1.450% - 06/01/ | $24,876 | $24,871 |
| GOLDMAN SACHS GROUP INC - 3.62 | $35,157 | $36,047 |
| HOME DEPOT INC - 2.700% - 04/0 | $35,109 | $35,701 |
| ORACLE - 2.500% - 10/15/2022 | $34,789 | $35,499 |
| PEPSICO INC - 2.750% - 03/01/2 | $49,822 | $51,230 |
| TOYOTA MTR CR CORP SER B MTN C | $26,742 | $26,817 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (48 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC CL A | $39,481 | $144,852 |
| ALPHABET INC CL C | $38,452 | $144,680 |
| AMAZON COM | $47,655 | $233,404 |
| AMERICAN WATER WORKS COMPANY I | $23,307 | $126,536 |
| AMERIPRISE FINANCIAL INC | $13,560 | $75,415 |
| APPLE INC | $64,003 | $475,888 |
| BOEING CO | $37,069 | $55,363 |
| BRISTOL-MYERS SQUIBB CO | $27,950 | $31,175 |
| BROADCOM INC | $18,998 | $86,503 |
| CAPITAL ONE FINANCIAL CORP | $50,378 | $82,701 |
| CHEVRON CORP | $20,771 | $28,751 |
| CIGNA CORPORATION | $58,923 | $91,852 |
| CISCO SYSTEMS INC | $19,987 | $60,835 |
| CITIGROUP INC | $47,178 | $68,965 |
| COGNIZANT TECHNOLOGY SOLUTIONS | $19,938 | $28,834 |
| CONAGRA FOODS INC | $14,086 | $19,807 |
| COSTCO WHOLESALE CORPORATION | $28,480 | $99,348 |
| ECOLAB INC | $30,929 | $62,166 |
| EOG RESOURCES INC | $17,564 | $27,981 |
| FIDELITY NATIONAL INFORMATION | $16,987 | $30,016 |
| HCA INC | $23,027 | $77,076 |
| HOME DEPOT INC | $12,991 | $166,004 |
| INTUIT | $14,447 | $93,267 |
| JP MORGAN CHASE | $47,784 | $165,476 |
| KROGER CO | $36,365 | $44,355 |
| MCKESSON CORP | $43,819 | $49,714 |
| METLIFE INC | $22,291 | $38,744 |
| MICROSOFT CORP | $85,445 | $511,205 |
| NEXTERA ENERGY, INC | $8,918 | $63,485 |
| NIKE INC-CL B | $50,541 | $130,836 |
| NORFOLK SOUTHERN CORP | $19,207 | $90,802 |
| NXP SEMICONDUCTORS | $7,700 | $29,611 |
| OCCIDENTAL PETROLEUM CORP | $36,629 | $15,626 |
| OCCIDENTAL PETROLEUM WARRANTS | $845 | |
| ORACLE CORP | $23,919 | $60,175 |
| PARKER HANNIFIN CP | $19,969 | $63,624 |
| PEPSICO INC | $36,975 | $63,404 |
| PHILLIPS 66 | $30,679 | $27,173 |
| PROLOGIS | $34,736 | $143,106 |
| REGAL BELOITE CP | $16,526 | $41,694 |
| ROPER INDUSTRIES | $39,493 | $100,831 |
| SALESFORCE.COM | $18,167 | $58,450 |
| SEALED AIR CORP | $18,848 | $46,554 |
| T-MOBILE US INC | $15,184 | $64,949 |
| THERMO FISHER SCIENTIFIC INC | $54,166 | $400,344 |
| TRANSDIGM GRP INC | $11,167 | $31,814 |
| VISA INC | $48,374 | $132,193 |
| WALT DISNEY HOLDINGS CO | $40,055 | $77,445 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $367,426 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $370,748 | USGovtObligationsEOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRI-THE PERSISTENCE FOUNDATION | Desc |
| BOY Book Value | $233,800 | BOYBookValueAmt |
| EOY Book Value | $233,800 | EOYBookValueAmt |
| EOYFMV | $233,800 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $21,375 | $21,375 |
| State or Local Filing Fees | $250 | $250 |
| Website Hosting/Support | $352 | $352 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Federal Tax Refund | Desc |
| Revenue And Expenses Per Books | $1,192 | RevenueAndExpensesPerBooksAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $26,973 | Amt |
| Net Investment Income | $26,973 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2021 | $700 | |
| Foreign Tax Paid | $11 | $11 |
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