CHESTNUT FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CHESTNUT FOUNDATION (EIN 46-3001070)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-10
- IRS object ID
- 202243149349103084
- 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 Other Schedule2
- 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 | 2022-11-10T18:35:07-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1925 CENTURY PARK E 16TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | 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 | 463001070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHESTNUT FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHES | BusinessNameControlTxt |
| Phone | 3102805015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 WEST 92ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BENJAMIN KEST | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3102805015 | 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 | BENJAMIN | PersonFirstNm |
| Person Last | KEST | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELIZA MINASSIAN | PreparerPersonNm |
| PTIN | P00729023 | PTIN |
| Phone | 3102732501 | PhoneNum |
| Preparation | 2022-11-08 | 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 | $12,153,629 | 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 | $1,096,835 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $7 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $244,482 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $244,482 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $683,068 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,144,260 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $683,068 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $411 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $411 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,024,803 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $927,968 | 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 |
| Oth Empl Slrs Wgs Rev And Expnss | $97,413 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $48,706 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $48,707 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $37,876 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $18,938 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $18,938 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,697 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,876 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,321 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $92,980 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $87,659 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $551 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $240,966 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $158,179 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $69,517 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $377,925 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $377,925 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $618,891 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $158,179 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $447,442 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,405,912 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $769,789 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $148,492 | CashBOYAmt |
| Cash EOY | $811,557 | CashEOYAmt |
| Cash EOYFMV | $811,557 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $491,694 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $44,185 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $44,185 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $8,306,145 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,496,329 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $10,836,191 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $461,524 | OtherAssetsBOYAmt |
| Other Assets EOY | $461,696 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $461,696 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,407,855 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,813,767 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,153,629 | 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 | $9,407,855 | RetainedEarningBOYAmt |
| Retained Earning EOY | $10,813,767 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,407,855 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,813,767 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,407,855 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,813,767 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,407,855 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,405,912 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $10,813,767 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,813,767 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | 2020-12-31 | 2021-12-31 | $940,280 | $775,941 | $164,339 | $164,339 | |
| PUBLICLY TRADED SECURITIES | 2020-12-31 | 2021-12-31 | $974,180 | $676,287 | $297,893 | $297,893 | |
| EXCELSIOR OPPORTUNITY FUND | 2020-12-31 | 2021-12-31 | $8,964 | -$8,964 | -$8,964 | ||
| POETIC HOLDING V LLC | 2020-12-31 | 2021-12-31 | $5,077 | $5,077 | $5,077 | ||
| POETIC HOLDING VII LLC | 2020-12-31 | 2021-12-31 | $13,065 | $13,065 | $13,065 | ||
| CAPITAL GAINS DIVIDENDS | $211,658 | $211,658 | $211,658 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $683,068 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,700 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $10,700 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $10,700 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $17,250 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $5,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $22,250 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $11,550 | OverpaymentAmt |
| Applied To ES Tax | $11,550 | 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 | NV | 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 | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENJAMIN KEST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3102805015 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 WEST 92ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| BENJAMIN KEST | ||||||||
| 317 WEST 92ND STREET | NEW YORK | NY | 10025 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| ASHER KEST | ||||||||
| 317 WEST 92ND STREET | NEW YORK | NY | 10025 | TREASURER | 2.00 | $0 | $0 | $0 |
| RACHEL LORBER | ||||||||
| 317 WEST 92ND STREET | NEW YORK | NY | 10025 | SECRETARY | 2.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARISA KEST | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 WEST 92ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | OFFICE MANAGER | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 20.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $100,472 | CompensationAmt |
| Employee Benefits | $0 | EmployeeBenefitsAmt |
| Expense Account | $0 | ExpenseAccountAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| 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 | $10,195,483 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $215,539 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $625,324 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,036,346 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,036,346 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $165,545 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,870,801 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $543,540 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $543,540 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,700 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $688 | IncomeTaxAmt |
| Total Tax | $11,388 | TotalTaxAmt |
| Distributable Before Adj | $532,152 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $532,152 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $532,152 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $447,442 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $447,442 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $532,152 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $2,846 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,846 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $447,442 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $447,442 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $2,846 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $2,846 | 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 | $81,864 | 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 | BENJAMIN KEST | ContributingManagerNm |
| Contributing Manager | ASHER KEST | ContributingManagerNm |
| Contributing Manager | RACHEL LORBER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (44 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BIKUR CHOLIM OF MANHATTAN | |||||||
| 320 RIVERSIDE DR | NEW YORK | NY | 10025 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,500 |
| CHAI LIFELINE | |||||||
| 151 WEST 30TH ST | NEW YORK | NY | 10001 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| CONG AHAVAS TORAH V'CHESED | |||||||
| 1425 RHAWN ST | PHILADELPHIA | PA | 19111 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $68,000 |
| CONG AHAVATH CHESED | |||||||
| 8727 SAN JOSE BLVD | JACKSON | FL | 32217 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000 |
| CONG CHAKAL YITZCHOK | |||||||
| 1462 56TH ST | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $22,500 |
| CONG MIKDASH DOVID | |||||||
| 2 HILLTOP LN | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $15,000 |
| HASHEVAYNU | |||||||
| 144-49 72ND DR | QUEENS | NY | 11367 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| YESHIVA ADERES HATORAH | |||||||
| 953 E 10TH ST | BROOKLYN | NY | 11230 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100 |
| YOUNG ISRAEL SYNAGOGUE OF MANHTTAN | |||||||
| 225 E BROADWAY | NEW YORK | NY | 10002 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $250 |
| BNOS BAIS YAAKOV | |||||||
| 155 OBERLIN AVE N | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $15,375 |
| BAIS YAAKOV COUNCIL | |||||||
| BAIS YAAKOV COUNCIL INC | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,575 |
| CHABAD OF ROSLYN | |||||||
| 75 POWERHOUSE RD | ROSLYN HEIGHTS | NY | 11577 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| CHESSED L'ABRAHAM | |||||||
| 5317 13TH AVE | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| CONG ATERES SHMIEL | |||||||
| 808 BEDFORD AVE | BROOKLYN | NY | 11205 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,800 |
| CONG YETEV LEV DSATMAT | |||||||
| 163 CLYMER ST | BROOKLYN | NY | 11211 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $20,000 |
| ELEF HAMUGEIN | |||||||
| 543 BEDFORD AVE STE 256 | BROOKLYN | NY | 11211 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000 |
| JEWISH CENTER OF ATLANTIC BEACH | |||||||
| 100 NASSAU AVE | ATLANTIC BEACH | NY | 11509 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,050 |
| KEREN YISROLE | |||||||
| 650 9TH ST | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100 |
| KHAL ZICHRON YECHZHEL | |||||||
| 1871 OLD FREEHOLD RD | TOMS RIVER | NJ | 08755 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| KOLIEL TISERES YAAKOV | |||||||
| 5801 15TH AVE | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $50,000 |
| LEV DEVORAH | |||||||
| 21 DIKE DR | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| MANHATTAN JEWISH EXPERIENCE | |||||||
| 131 W 86TH ST | NEW YORK | NY | 10024 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,200 |
| MIKDASH DOVID | |||||||
| 10 WAVERLY PL | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,000 |
| N W MIKVAH INC | |||||||
| 773 GOLF DR | VALLEY STREAM | NY | 11581 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,500 |
| OHAVEI TORAH | |||||||
| 139 CAROL ST | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $125,000 |
| ORH SHRAGE | |||||||
| 163 RODNEY ST | BROOKLYN | NY | 11211 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100 |
| PROJECT EXTREME | |||||||
| 335 CENTRAL AVENUE | LAWRENCE | NY | 11559 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $200 |
| RACHEL'S PLACE | |||||||
| 44042 W PALO TECA RD | MARICOPA | AZ | 85138 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| RCCS-UNITED JEWISH COMMUNITIES | |||||||
| 762 BEDFORD AVE | BROOKLYN | NY | 11205 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| TORAH LISHMA INSTITUTE | |||||||
| 25 CLIFTON AVE | YONKERS | NY | 10705 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000 |
| TORAS EMES ACADEMY | |||||||
| 1025 NE MIAMI GARDENS DR | MIAMI | FL | 33179 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| WEST SIDE HATZOLA | |||||||
| C/O THE JEWISH CENTER131 W 86TH ST | NEW YORK | NY | 10024 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000 |
| YESHIVA KETANA OF LONG ISLAND | |||||||
| 321 DOUGHTY BLVD | INWOOD | NY | 11096 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,750 |
| YESHIVA OHR SHRAGA VERETZSKY | |||||||
| 750 VASSAR AVE | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| YESHIVAS EMEK HATORAH | |||||||
| 395 KENT RD | HOWELL | NJ | 07731 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $535 |
| CONG ADAS YEDEIM | |||||||
| 27 LEE AVE | BROOKLYN | NY | 11211 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| CONGREGATION ANSHEI HORIM | |||||||
| 84 LAUREL PARK RD | FALLSBURG | NY | 12733 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $350 |
| BAIS YAAKOV D'CHASSIDEI GUR | |||||||
| 1975 51 STREET | BROOKLYN | NY | 11204 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $800 |
| CHAVERIM OF THE FIVE TOWNS AND ROCKAWAY | |||||||
| 306 BEACH 8TH ST | FAR ROCKAWAY | NY | 11691 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100 |
| CHEIN BAIS YAAKOV | |||||||
| 80 OAK ST | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,860 |
| CONGREGATION ZICHRON MOSHE | |||||||
| 9 13TH STREET | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $250 |
| CONGREGATION TORAS YUFEH | |||||||
| 1056 54TH ST | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,100 |
| ELIEZER DAMESEK | |||||||
| 198 OCEAN AVE | LAKEWOOD | NJ | 08701 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,130 |
| GERER YESHIVA BEIS YISROEL | |||||||
| 5407 16TH AVE | BROOKLYN | NY | 11204 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $377,925 | 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 | $7 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $244,482 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,274 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $683,068 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| EXCELSIOR OPPORTUNITY FUND LP - ROYALTIES | 15 | $16 |
| EXCELSIOR OPPORTUNITY FUND LP - ORDINARY | 15 | -$3,879 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $927,968 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $927,968 | 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 | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| KEST 2009 CHARITABLE LEAD ANNUITY TRUST # 4 | ||||||
| 1 | 5150 OVERLAND AVE | CULVER CITY | CA | 90230 | $761,396 | Yes (X) |
| BENJAMIN KEST | ||||||
| 2 | 5150 OVERLAND AVE | CULVER CITY | CA | 90230 | $320,000 | Yes (X) |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (24 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| EXCELSIOR OPPORTUNITY FUND LP | AT COST | $41,409 | $41,409 |
| POETIC HOLDINGS V LLC | AT COST | $34,425 | $34,425 |
| POETIC HOLDINGS VII LLC | AT COST | $78,794 | $78,794 |
| AMER FNDS EUROPAC GROW-F3 (FEUPX) | AT COST | $287,722 | $381,820 |
| ANGEL OAK MULTI-STRATEGY IN (ANGIX) | AT COST | $495,928 | $506,297 |
| DOUBLELINE CORE FIXED (DBLFX) | AT COST | $1,064,109 | $1,054,886 |
| DOUBLELINE SH ENH CAPE CL I (DSEEX) | AT COST | $279,921 | $330,660 |
| FIDELITY INTERMEDIATE BOND (FTHRX) | AT COST | $1,494,465 | $2,305,003 |
| FIDELITY 500 INDEX FUND PRE (FXAIX) | AT COST | $1,505,724 | $1,448,602 |
| GUGGENHEIM TOTAL RETURN BO (GIBIX) | AT COST | $1,075,065 | $1,058,240 |
| INVESCO DEVELOPING MARKETS (ODVIX) | AT COST | $72,571 | $96,899 |
| INVESCO DEVELOPING MARKETS (ODVYX) | AT COST | $56,444 | $82,864 |
| ISHARES 1-3 YEAR TREASURY B (SHY) | AT COST | $264,398 | $261,677 |
| ISHARES MBS ETF (MBB) | AT COST | $267,595 | $262,242 |
| JPMORGAN LARGE CAP GROWTH F (SEEGX) | AT COST | $129,477 | $164,498 |
| MFS INTERNATIONAL GROWTH FD (MQGIX) | AT COST | $331,196 | $414,839 |
| MFS NEW DISCOVERY VALUE FD (NDVIX) | AT COST | $252,375 | $337,455 |
| PIMCO INCOME FUND INST CL (PIMIX) | AT COST | $574,410 | $606,694 |
| SCHWAB CAP TR SMALL CAP IND (SWSSX) | AT COST | $307,118 | $319,413 |
| SPDR S&P REGIONAL BANKING E (KRE) | AT COST | $107,823 | $105,448 |
| T. ROWE PRICE DIVERSIFIED S (TQAIX) | AT COST | $133,619 | $159,110 |
| TECH SELECT SECTOR SPDR TR (XLK) | AT COST | $99,487 | $175,300 |
| VANGUARD MEGA CAP GROWTH ET (MGK) | AT COST | $267,101 | $281,621 |
| VANGUARD VALUE ETF (VTV) | AT COST | $275,153 | $327,995 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDEND RECEIVABLE | $1,524 | $1,696 | $1,696 |
| LOAN RECEIVABLE | $460,000 | $460,000 | $460,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $53,187 | $53,187 | $0 |
| LICENSE & FEES | $169 | $0 | $169 |
| NONDEDUCTIBLE EXPENSES FROM PASSHTROUGH | $4,770 | $0 | $0 |
| PASSTHROUGH INVESTMENT INTEREST EXPENSE | $3,273 | $3,273 | $0 |
| PAYROLL PROCESSING FEE | $764 | $382 | $382 |
| POETIC HOLDING V LLC- LOSS | $1,320 | $1,320 | $0 |
| POETIC HOLDING VII LLC- LOSS | $2,615 | $2,615 | $0 |
| K PRIME 18 LLC - LOSS | $27,188 | $27,188 | $0 |
| INSURANCE | -$306 | -$306 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| EXCELSIOR OPPORTUNITY FUND | $4,274 | $4,274 | $4,274 |
| EXCELSIOR OPPORTUNITY FUND LP - ROYALTIES | $16 | $16 | $16 |
| EXCELSIOR OPPORTUNITY FUND LP - ORDINARY | -$3,879 | -$3,879 | -$3,879 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $37,876 | Amt |
| Net Investment Income | $18,938 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $18,938 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAXES | $8,500 | $0 | $0 |
| PAYROLL TAXES | $2,641 | $1,320 | $1,321 |
| FOREIGN TAXES | $1,556 | $1,556 | $0 |
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