JOHN AND AMY PHELAN FAMILY FOUNDATION: Form 990PF, tax year 2021
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- Organization
- JOHN AND AMY PHELAN FAMILY FOUNDATION (EIN 46-1579312)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-09
- IRS object ID
- 202243139349102079
- 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
- Schedule B
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-09T14:57:26-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 TIMES SQUARE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10036 | 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 | 461579312 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN AND AMY PHELAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 5616125050 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN C PHELAN | PersonNm |
| Person Title | PRESIDENT/ TREASURER | PersonTitleTxt |
| Phone | 5616125050 | PhoneNum |
| Signature | 2022-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | PHELAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 2123721000 | PhoneNum |
| Preparation | 2022-11-06 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $65,703,396 | 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 | $4,974,243 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $14,360 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14,360 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $110,440 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $110,440 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,360,644 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $1,339,717 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $954,955 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $798,774 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $7,414,642 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,263,291 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,380 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,380 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $31,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $150,097 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $150,097 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $184,477 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $153,477 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $525,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $525,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $709,477 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $678,477 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,705,165 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,263,291 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $6,500 | CashBOYAmt |
| Cash EOY | $5,483 | CashEOYAmt |
| Cash EOYFMV | $5,483 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $19,030,291 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $16,193,167 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $16,193,167 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $6,969,043 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,943,286 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $17,270,903 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $20,118,051 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $25,328,509 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $32,233,843 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $46,123,885 | TotalAssetsBOYAmt |
| Total Assets EOY | $53,470,445 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $65,703,396 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $641,395 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $641,395 | 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 | $46,123,885 | RetainedEarningBOYAmt |
| Retained Earning EOY | $52,829,050 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $46,123,885 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $52,829,050 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $46,123,885 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $53,470,445 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $46,123,885 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,705,165 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $52,829,050 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $52,829,050 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (22 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| JNE FUND (LTCG) | D | 2021-12-31 | 2021-12-31 | $122,796 | $122,796 |
| JNE FUND (STCG) | D | 2021-12-31 | 2021-12-31 | $7,651 | $7,651 |
| MSD AQUA PARTNERS, LP (LTCG) | P | 2021-12-31 | 2021-12-31 | $293,129 | $293,129 |
| MSD CREDIT OPPORTUNITY FUND LP (LTCG) | D | 2021-12-31 | 2021-12-31 | $400,185 | $400,185 |
| MSD CREDIT OPPORTUNITY FUND LP (SEC. 1231) | D | 2021-12-31 | 2021-12-31 | $6,037 | $6,037 |
| MSD CREDIT OPPORTUNITY FUND LP (STCG) | D | 2021-12-31 | 2021-12-31 | $102,721 | $102,721 |
| MSD ENERGY INVESTMENTS, LP (LTCL) | D | 2021-12-31 | 2021-12-31 | -$53,640 | -$53,640 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2, LP (LTCG) | P | 2021-12-31 | 2021-12-31 | $640 | $640 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2, LP (STCL) | P | 2021-12-31 | 2021-12-31 | -$5,008 | -$5,008 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP (LTCG) | P | 2021-12-31 | 2021-12-31 | $91,858 | $91,858 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP (SEC. 1231) | P | 2021-12-31 | 2021-12-31 | $24,340 | $24,340 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP (STCG) | P | 2021-12-31 | 2021-12-31 | $25,947 | $25,947 |
| MSD RING PARTNERS, LP (SEC. 1231) | P | 2021-12-31 | 2021-12-31 | -$156 | -$156 |
| MSD SIERRA CREST OPPORTUNITY FUND, LP (LTCG) | P | 2021-12-31 | 2021-12-31 | $167,369 | $167,369 |
| MSD SIERRA CREST OPPORTUNITY FUND, LP (STCG) | P | 2021-12-31 | 2021-12-31 | $161,428 | $161,428 |
| MSD SPARROWHAWK LP (LTCG) | P | 2021-12-31 | 2021-12-31 | $9,435 | $9,435 |
| MSD WCG PARTNERS, LP (LTCG) | P | 2021-12-31 | 2021-12-31 | $5,912 | $5,912 |
| LESS: UBTI FROM MSD CREDIT OPPORTUNITY FUND LP (LTCG) | D | 2021-12-31 | 2021-12-31 | -$678 | -$678 |
| LESS: UBTI FROM MSD CREDIT OPPORTUNITY FUND LP (STCG) | D | 2021-12-31 | 2021-12-31 | -$274 | -$274 |
| LESS: UBTI FROM MSD PRIVATE CREDIT OPPORTUNITY FUND LP (LTCG) | P | 2021-12-31 | 2021-12-31 | -$1,444 | -$1,444 |
| LESS: UBTI FROM MSD PRIVATE CREDIT OPPORTUNITY FUND LP (SEC. 1231) | P | 2021-12-31 | 2021-12-31 | -$17,937 | -$17,937 |
| LESS: UBTI FROM MSD PRIVATE CREDIT OPPORTUNITY FUND LP (STCG) | P | 2021-12-31 | 2021-12-31 | -$594 | -$594 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,339,717 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $31,460 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $31,460 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $31,460 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $39,730 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $11,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $50,730 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $19,270 | OverpaymentAmt |
| Applied To ES Tax | $19,270 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN C PHELAN | IndividualWithBooksNm |
| Phone | 5616125050 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 1600 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
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 (3 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| JOHN C PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 | |
| AMY PHELAN | |||||||||
| 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | VICE PRESIDENT/SECRETARY | 1.00 | $0 | $0 | $0 | |
| MARC LISKER | |||||||||
| C/O MSD CAPITAL 1 VANDERBILT AVENUE | NEW YORK | NY | 10017 | ASST. TREASURER/SECRETARY | 1.00 | $0 | $0 | $0 | 26TH FLOOR |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JPMORGAN CHASE BANK NA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 PARK AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | GRANTMAKING SERVICE FEE | ServiceTypeTxt |
| Compensation | $150,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
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 | $11,530,583 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $17,204,678 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $27,564,024 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $56,299,285 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $56,299,285 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $844,489 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $55,454,796 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,772,740 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,772,740 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $31,460 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $21,150 | IncomeTaxAmt |
| Total Tax | $52,610 | TotalTaxAmt |
| Distributable Before Adj | $2,720,130 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,720,130 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,720,130 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $678,477 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $678,477 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,720,130 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $524,324 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $678,477 | QualifyingDistributionsAmt |
| Applied To Year1 | $524,324 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $154,153 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,565,977 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOHN C PHELAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| NATIONAL PHILANTHROPIC TRUST | |||||||
| 165 TOWNSHIP LINE ROAD SUITE 1200 | JENKINTOWN | PA | 19046 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $425,000 |
| NAVAL WAR COLLEGE FOUNDATION INC | |||||||
| LUCE HALL 686 CUSHING ROAD | NEWPORT | RI | 02841 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $25,000 |
| THE AMERICAN FUND FOR LSE | |||||||
| 450 SEVENTH AVENUE SUITE 1109 | NEW YORK | NY | 10123 | NONE | PC | LSE CENTENNIAL FUND | $75,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $525,000 | 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 | $14,360 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $110,440 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $798,774 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $20,927 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,339,717 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| UBTI INCOME FROM LIMITED PARTNERSHIPS | 901101 | $156,100 | ||
| FEDERAL EXCISE TAX REFUND | 01 | $81 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $177,027 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,263,372 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,440,399 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| JOHN C PHELAN | ||||||
| 1 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $2,478,252 | Yes (X) |
| JOHN C PHELAN | ||||||
| 2 | 222 LAKEVIEW AVENUE SUITE 1600 | WEST PALM BEACH | FL | 33401 | $2,495,991 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 43,440 SHARES OF DELL TECHNOLOGIES INC | $2,478,252 | 2021-12-29 |
| 2 | 21,174 SHARES OF VMWARE, INC. | $2,495,991 | 2021-12-29 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 25,985 SHS APOLLO GLOBAL MANAGEMENT INC | $750,001 | $1,882,094 |
| 18,200 SHS BERKSHIRE HATHAWAY INC-CL B | $3,278,011 | $5,441,800 |
| 1,380 SHS INVESCO QQQ TRUST SERIES 1 | $249,497 | $549,033 |
| 2,200 SHS ISHARES RUSSELL 2000 ETF | $249,205 | $489,390 |
| 3,235 SHS SPDR S&P 500 ETF TRUST | $749,059 | $1,536,496 |
| 5,630 SHS VANGUARD S&P 500 ETF | $1,501,175 | $2,457,889 |
| 18,838 SHS ZIOPHARM ONCOLOGY INC. | $192,095 | $20,533 |
| 43,440 SHS DELL TECHNOLOGIES -C | $2,478,252 | $2,440,025 |
| 21,174 SHS VMWARE INC (CLASS A) | $2,495,991 | $2,453,643 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (15 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS L.P. | FMV | $766,088 | $797,688 |
| JNE FUND LP | FMV | $2,834,897 | $3,418,184 |
| MSD AQUA PARTNERS L.P. | FMV | $910,463 | $5,583,414 |
| MSD CREDIT OPPORTUNITY FUND L.P. | FMV | $5,424,391 | $4,642,466 |
| MSD ENERGY INVESTMENTS L.P. | FMV | $281,544 | $7,760 |
| MSD GEO PARTNERS, L.P. | FMV | $2,499,677 | $2,499,476 |
| MSD MULTI-STRATEGY L.P. | FMV | $2,337,566 | $2,435,045 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND L.P. | FMV | $1,507,209 | $2,313,743 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND 2 L.P. | FMV | $2,910,093 | $2,412,277 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | FMV | $2,303,430 | $2,304,086 |
| MSD RING PARTNERS, LP | FMV | $0 | $1,693,252 |
| MSD SIERRA CREST, L.P. | FMV | $1,610,840 | $1,693,252 |
| MSD SPARROWHAWK L.P. | FMV | $286,123 | $320,131 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | FMV | $1,564,075 | $2,103,814 |
| MSD WCG PARTNERS L.P. | FMV | $92,113 | $9,255 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $3,380 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,380 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CT CORP FILING FEE | $97 | $0 | $97 |
| GRANTMAKING SERVICE FEES | $150,000 | $0 | $150,000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS LP | -$3,365 | -$3,365 | -$3,365 |
| JNE FUND LP | $95,171 | $95,171 | $95,171 |
| MSD AQUA PARTNERS LP | -$1,140 | -$1,140 | -$1,140 |
| MSD CREDIT OPPORTUNITY FUND 2 LP | $59,776 | $59,776 | $59,776 |
| MSD ENERGY INVESTMENTS LP | $780 | $780 | $780 |
| MSD MULTI-STRATEGY LP | $10,189 | $10,189 | $10,189 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP | $215,352 | $215,352 | $215,352 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | $169,910 | $169,910 | $169,910 |
| MSD RING PARTNERS, LP | -$33,069 | -$33,069 | -$33,069 |
| MSD SIERRA CREST OPPORTUNITY FUND, LP | $13,859 | $13,859 | $13,859 |
| MSD SPARROWHAWK LP | $5,543 | $5,543 | $5,543 |
| MSD WCG PARTNERS LP | -$3,202 | -$3,202 | -$3,202 |
| MSD GEO PARTNERS, L.P. | -$323 | -$323 | -$323 |
| MSD CREDIT OPPORTUNITY FUND LP | $269,293 | $269,293 | $269,293 |
| UBTI INCOME FROM LIMITED PARTNERSHIPS | $156,100 | $156,100 | |
| FEDERAL EXCISE TAX REFUND | $81 | $81 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO MSD RING PARTNERS, LP | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $641,395 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $31,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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