CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION (EIN 05-0502562)
- Tax period
- 2020-12-01 to 2021-11-30
- Filed
- 2022-10-17
- IRS object ID
- 202242909349101354
- Schema version
- 2020v4.2
- 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
- Schedule B
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-10-17T16:09:25-05:00 | ReturnTs |
| Tax Period End | 2021-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043023027 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERDOLINO & LOWEY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 WASHINGTON ST SUITE 101 | AddressLine1Txt |
| City | FOXBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02035 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050502562 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHARLES & AGNES KAZARIAN | BusinessNameLine1Txt |
| Business Name Line2 | ETERNAL FOUNDATION C/O PAUL B KAZARIAN | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAR | BusinessNameControlTxt |
| Phone | 2024499600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1629 K STREET NW SUITE 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | POWER OF ATTORNEY FOR CHAIRMANPRES | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4018616160 | PhoneNum |
| Signature | 2022-10-17 | SignatureDt |
| Discuss With Paid Preparer | 0 | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | POWER | PersonFirstNm |
| Person Last | OF ATTORNEY FOR CHAI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HEATHER MEDEIROS CPA | PreparerPersonNm |
| PTIN | P00458639 | PTIN |
| Phone | 5085431720 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $207,917,628 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $9,463 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $22,299 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $22,299 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $22,299 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $148,362 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $148,362 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $148,362 | DividendsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $4,846,286 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $5,026,410 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $170,661 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $170,661 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $49,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $4,900 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $44,100 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $30,953 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $3,095 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $27,858 | PensionEmplBnftDsbrsChrtblAmt |
| Taxes Rev And Expnss | $4,044 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $404 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $3,640 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $23,507 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $23,507 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $5,086 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $509 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $4,577 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,410,026 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $45,501 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $6,364,525 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,522,616 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $54,409 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $23,507 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,444,700 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,522,616 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $54,409 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $23,507 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,444,700 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,496,206 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $116,252 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $147,154 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $356,775 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,416,419 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,416,419 | SavAndTempCashInvstEOYFMVAmt |
| Pledges Rcvbl | $80,000,000 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $80,000,000 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $80,000,000 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $80,000,000 | PledgesRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $22,971 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $22,971 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $22,971 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $22,971 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $825 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $4,932 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $4,932 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $345,838 | CorporateStockBOYAmt |
| Corporate Stock EOY | $345,838 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $259,200 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $42,290,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $36,760,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $36,760,000 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,514,595 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $105,288 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $14,432,814 | LandBOYAmt |
| Land EOY | $14,409,307 | LandEOYAmt |
| Land EOYFMV | $14,409,307 | LandEOYFMVAmt |
| Other Assets BOY | $71,133,426 | OtherAssetsBOYAmt |
| Other Assets EOY | $72,044,799 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $72,044,799 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $208,582,649 | TotalAssetsBOYAmt |
| Total Assets EOY | $208,004,266 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $207,917,628 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $208,582,649 | RetainedEarningBOYAmt |
| Retained Earning EOY | $208,004,266 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $208,582,649 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $208,004,266 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $208,582,649 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $208,004,266 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $208,582,649 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,496,206 | ExcessRevenueOverExpensesAmt |
| Other Increases | $917,823 | OtherIncreasesAmt |
| Subtotal | $208,004,266 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $208,004,266 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,616 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,616 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,616 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $29,212 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $29,212 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $27,596 | OverpaymentAmt |
| Applied To ES Tax | $27,596 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | 0 | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KAZARIAN FOUNDATION | IndividualWithBooksNm |
| Phone | 2126602000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1629 K STREET | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (1) | ForeignAccountsQuestionInd |
| Foreign Country | SZ | ForeignCountryCd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL B KAZARIAN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1629 K STREET NW SUITE 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | CHAIRMAN/PRESIDENT | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 50.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| 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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ACTIVITY ONEECONOMIC DEVELOPMENT - COMMUNITY FINANCE: PARTNERED WITH CDFI TO PROVIDE JOB CREATION LOANS AND BANKING SERVICES IN ECONOMICALLY DISTRESSED MIDWESTERN US URBAN COMMUNITIES, HELPING TO FINANCE OVER $75 MILLION IN COMMUNITY DEVELOPMENT LENDING AND ADMINISTER $171 MILLION IN PPP LOANS HELPING 1,000+ SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS PROVIDE JOB OPPORTUNITES DURING THE PANDEMIC. | Description1Txt |
| Expenses1 | $1,731,099 | Expenses1Amt |
| Description2 | ACTIVITY TWOECONOMIC DEVELOPMENT - EMERGING ENTREPRENEURS: PROVIDE JOB CREATION LOANS TO SOCIALLY RESPONSIBLE ENTREPRENEURS IN AN ECONOMICALLY DEPRESSED COMMUNITY IN THE NORTHEAST US AS WELL AS TO SELECT GLOBAL MISSION-RELATED ENTREPRENEURS. | Description2Txt |
| Expenses2 | $3,138,861 | Expenses2Amt |
| Description3 | ACTIVITY THREEECONOMIC DEVELOPMENT/EDUCATION - J-INTERSECT (JIS): PRODUCED AND BUILT A SEARCHABLE DIGITAL LIBRARY OF 463 GLOBAL BENCHMARKING AND BEST PRACTICE RESEARCH REPORTS IN FIVE INTERSECTORAL VERTICALS: DISRUPTIVE TECHNOLOGIES, ECONOMIC DEVELOPMENT, ESG, INFRASTRUCTURE, AND PUBLIC-PRIVATE PARTNERSHIPS. REPORTS IN THE JIS LIBRARY INCREASED BY 25 IN 2021, WITH A PRODUCTION-WEIGHTED UNIT INCREASE OF 70%. FOR 2022, JIS IS PROJECTED TO PRODUCE 84 REPORTS, WHICH IS 3.4 TIMES 2021 AND A PRODUCTION-WEIGHTED UNIT GROWTH RATE OF 133%.AS OF YEAR-END 2021, JIS HAD DISCOVERED AND ANALYZED 1,400+ GLOBAL BENCHMARKS AND 1,800+ HIGH VALUE-ADD BEST PRACTICES, AND THE INTELLIGENCE OF 6,000+ OF THE MOST KNOWLEDGEABLE SPECIFIC EXPERTS. J-INTERSECT USES A GLOBAL BENCHMARK AND HIGH VALUE-ADD BEST PRACTICE FRAMEWORK TO DISCOVER TRANSFORMATIONAL SOLUTIONS TO THE MOST COMPLEX CHALLENGES FACING GOVERNMENT, BUSINESS, AND NGOS. FOR ADDITIONAL INFORMATION, SEE WWW.JINTERSECT.COM. | Description3Txt |
| Expenses3 | $1,176,787 | Expenses3Amt |
| Description4 | ACTIVITY FOUREDUCATION - FINANCIAL AND MULTI-CULTURAL LITERACY: ORGANIZED AND DEVELOPED MAJOR GLOBAL CONFERENCES; DESIGNED AND DELIVERED PUBLIC FINANCIAL MANAGEMENT EDUCATIONAL PRESENTATIONS AND GRADUATE- AND EXECUTIVE-LEVEL COURSE MATERIALS. EXPANDED CENTER FOR PUBLIC FINANCIAL MANAGEMENT AND WEB-BASED EDUCATIONAL RESOURCES. ADMINISTERED CULTURAL HERITAGE ARTS EDUCATIONAL PROGRAM. PARTNERED ON PROGRAM THAT HAS PROVIDED MORE THAN $130 MILLION IN LOANS TO MORE THAN 1.25 MILLION POVERTY STRICKEN CLIENTS TO ATTEND SCHOOL WITH 99% LITERACY RATE EXPENSES. | Description4Txt |
| Expenses4 | $391,129 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $41,276,419 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,284,611 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $42,561,030 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $42,561,030 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $638,415 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $41,922,615 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,096,131 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,444,700 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $6,444,700 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $6,444,700 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2000-03-17 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $147,154 | CurrentYearAmt |
| Year1 | $400,979 | Year1Amt |
| Year2 | $886,241 | Year2Amt |
| Year3 | $866,253 | Year3Amt |
| Total | $2,300,627 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $125,081 | CurrentYearAmt |
| Year1 | $340,832 | Year1Amt |
| Year2 | $753,305 | Year2Amt |
| Year3 | $736,315 | Year3Amt |
| Total | $1,955,533 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,444,700 | CurrentYearAmt |
| Year1 | $6,878,406 | Year1Amt |
| Year2 | $5,944,767 | Year2Amt |
| Year3 | $6,136,977 | Year3Amt |
| Total | $25,404,850 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,846,286 | CurrentYearAmt |
| Year1 | $4,824,545 | Year1Amt |
| Year2 | $3,034,005 | Year2Amt |
| Year3 | $3,023,935 | Year3Amt |
| Total | $15,728,771 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,598,414 | CurrentYearAmt |
| Year1 | $2,053,861 | Year1Amt |
| Year2 | $2,910,762 | Year2Amt |
| Year3 | $3,113,042 | Year3Amt |
| Total | $9,676,079 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,397,421 | CurrentYearAmt |
| Year1 | $1,458,325 | Year1Amt |
| Year2 | $1,530,787 | Year2Amt |
| Year3 | $1,608,720 | Year3Amt |
| Total | $5,995,253 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PAUL B KAZARIAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22,299 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $148,362 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,846,286 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,016,947 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,016,947 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | PAUL KAZARIAN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O VL 124 WASHINGTON ST 101 | AddressLine1Txt |
| City | FOXBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02035 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $9,463 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (9 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| OFFICE FURNITURE | 2017-07-01 | $191,129 | $66,895 | ADS | 10.000000000000 | $19,113 | $0 | $19,113 |
| AV EQUIPMENT | 2017-08-16 | $19,505 | $13,654 | ADS | 5.000000000000 | $3,901 | $0 | $3,901 |
| LANDSCAPING | 2018-10-15 | $20,690 | NC | 15.000000000000 | $0 | $0 | $0 | |
| FURNITURE | 2017-12-07 | $4,928 | $1,232 | ADS | 10.000000000000 | $493 | $0 | $493 |
| OFFICE BUILDING | 2017-06-08 | $6,266,002 | NC | 40.000000000000 | $0 | $0 | $0 | |
| LAND | 2017-06-08 | $7,704,114 | L | $0 | $0 | $0 | ||
| FURNITURE | 2017-06-08 | $282,547 | NC | 10.000000000000 | $0 | $0 | $0 | |
| LANDSCAPING | 2019-11-30 | $20,322 | NC | 15.000000000000 | $0 | $0 | $0 | |
| FURNITURE | 2019-02-13 | $5,358 | NC | 10.000000000000 | $0 | $0 | $0 |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE CHARLES & AGNES KAZARIAN ETERNAL FOUNDATION IS NOT REQUIRED TO FILE FORM 990-PF WITH THE DELAWARE ATTORNEY GENERAL SINCE THE FOUNDATION HAS NO ACTIVITIES CONDUCTED IN THE STATE OF DELAWARE. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | UBS AG | StockNm |
| EOY Book Value | $345,838 | EOYBookValueAmt |
| EOYFMV | $259,200 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GROUP A - FID TIME DEPOSITS | AT COST | $29,800,000 | $29,800,000 |
| GROUP B - FID TIME DEPOSITS | AT COST | $2,250,000 | $2,250,000 |
| GROUP A - FID CALL DEPOSITS | AT COST | $496,000 | $496,000 |
| GROUP B - FID CALL DEPOSITS | AT COST | $4,214,000 | $4,214,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| OFFICE FURNITURE | $191,129 | $86,008 | $105,121 |
| AV EQUIPMENT | $19,505 | $17,555 | $1,950 |
| LANDSCAPING | $20,690 | $0 | $20,690 |
| FURNITURE | $4,928 | $1,725 | $3,203 |
| OFFICE BUILDING | $6,266,002 | $0 | $6,266,002 |
| LAND | $7,704,114 | $0 | $7,704,114 |
| FURNITURE | $282,547 | $0 | $282,547 |
| LANDSCAPING | $20,322 | $0 | $20,322 |
| FURNITURE | $5,358 | $0 | $5,358 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (9 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ECONOMIC INTEREST IN PROFIT PARTICIPATION | $21,000,000 | $21,000,000 | $21,000,000 |
| PROGRAM RELATED INVESTMENT - A | $40,800,000 | $41,700,000 | $41,700,000 |
| PROGRAM RELATED INVESTMENT - B | $1,716,189 | $1,718,798 | $1,718,798 |
| PROGRAM RELATED INVESTMENT - C | $1,000,000 | $1,000,000 | $1,000,000 |
| PROGRAM RELATED INVESTMENT - D | $3,130,039 | $3,138,861 | $3,138,861 |
| PROGRAM RELATED INVESTMENT - E | $86,002 | $86,002 | $86,002 |
| PROGRAM RELATED INVESTMENT - F | $1,196 | $1,138 | $1,138 |
| PROGRAM RELATED INVESTMENT - G | $2,100,000 | $2,100,000 | $2,100,000 |
| PROGRAM RELATED INVESTMENT - H | $1,300,000 | $1,300,000 | $1,300,000 |
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 |
|---|---|---|---|---|
| BANK & INVESTMENT FEES | $34,796 | $34,796 | $0 | $0 |
| DIRECT PROGRAM EXPENSE | $582,186 | $0 | $0 | $582,186 |
| INSURANCE | $10,894 | $1,089 | $0 | $9,805 |
| K-1, 1915 THE MOVIE LLC | $58 | $0 | $0 | $58 |
| OFFICE EXPENSE | $7,170 | $7,170 | $0 | $0 |
| FILING FEES | $9,978 | $2,362 | $0 | $7,616 |
| PRI | $5,764,109 | $0 | $0 | $5,764,109 |
| TELEPHONE | $835 | $84 | $0 | $751 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR PRIS REPAID | Desc |
| Revenue And Expenses Per Books | $4,846,286 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET EXPENDITURE FOR PROGRAM RELATED INVESTMENT - CURRENT YEAR | Desc |
| Amt | $917,823 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $4,044 | Amt |
| Net Investment Income | $404 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $3,640 | DisbursementsCharitablePrpsAmt |
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