GRODMAN FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- GRODMAN FAMILY FOUNDATION (EIN 86-3646344)
- Tax period
- 2021-04-21 to 2021-12-31
- Filed
- 2022-11-11
- IRS object ID
- 202243159349103059
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-11T22:04:11-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-04-21 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 863646344 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grodman Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | GROD | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARC GRODMAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARC | PersonFirstNm |
| Person Last | GRODMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $20,852,244 | 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 | $21,369,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,260 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,260 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $25,314 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $25,314 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$688,851 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $20,942,486 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $20,670,149 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $26,615 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $26,615 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $20,733,338 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $20,723,338 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $9,442 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $4,367 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $5,075 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $134,418 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $118 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $23,564 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,407 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $22,157 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $167,424 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,892 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $27,232 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $167,424 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,892 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $27,232 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $20,565,914 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $20,717,446 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst EOY | $8,532,497 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,532,497 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock EOY | $8,081,289 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,340,115 | CorporateStockEOYFMVAmt |
| Other Investments EOY | $3,952,128 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,979,632 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,565,914 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,852,244 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning EOY | $20,565,914 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,565,914 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,565,914 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $20,565,914 | ExcessRevenueOverExpensesAmt |
| Subtotal | $20,565,914 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $20,565,914 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly-traded Securities | $20,942,486 | $272,202 | $20,670,284 | $20,670,284 |
| Passthrough K1 Capital Gain/(Loss) | -$135 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $20,670,149 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $287,972 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $287,972 | SubtotalAmt |
| Tax Based On Investment Income | $287,972 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $134,300 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $160,300 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $294,600 | TotalPaymentsAndCreditsAmt |
| Overpayment | $6,628 | OverpaymentAmt |
| Applied To ES Tax | $6,628 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Asher C Grodman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Marc D Grodman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Pamela Sue Grodman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Schyler Zane Grodman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,492,243 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,216,367 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $796,161 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,504,771 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,504,771 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $232,572 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,272,199 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $533,481 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $533,481 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $287,972 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $287,972 | TotalTaxAmt |
| Distributable Before Adj | $245,509 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $245,509 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $245,509 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $27,232 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $27,232 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $245,509 | DistributableAsAdjustedAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Qualifying Distributions | $27,232 | QualifyingDistributionsAmt |
| Applied To Current Year | $27,232 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $218,277 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Marc D Grodman | ContributingManagerNm |
| Contributing Manager | Pamela Sue Grodman | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,260 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $25,314 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$688,851 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $26,615 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$635,662 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$635,662 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
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 | Grodman Marc D | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 392 Fairmount Road | AddressLine1Txt |
| City | Califon | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07830 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $21,369,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | INVITAE CORP NVTA, 620000 sh. | NoncashPropertyDesc |
| Fair Market Value | $21,359,000 | FairMarketValueAmt |
| Received | 2021-06-24 | ReceivedDt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (197 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 2U INC | $16,148 | $8,971 |
| ABBOTT LABS | $49,190 | $55,452 |
| ABBVIE INC | $59,470 | $67,971 |
| ACCENTURE PLC | $78,897 | $99,907 |
| ADIDAS AG | $30,736 | $24,624 |
| ADYEN N.V. | $25,825 | $24,214 |
| AIA GROUP LTD ADR | $19,701 | $15,886 |
| ALARM.COM HOLDINGS INC | $26,393 | $28,496 |
| ALBANY INTERNATIONAL CORP | $35,734 | $41,925 |
| ALCON INC | $14,064 | $15,246 |
| ALPHABET INC CL A | $97,589 | $98,499 |
| ALTRIA GROUP INC | $40,913 | $39,855 |
| AMADEUS IT HLDS SA | $11,064 | $12,596 |
| AMEDISYS INC - COMMON STOCK | $45,026 | $40,956 |
| AMERIPRISE FINANCIAL INC | $54,138 | $60,935 |
| AMN HEALTHCARE SERVICES INC | $18,950 | $21,163 |
| AMPHENOL CORPORATION | $80,853 | $89,122 |
| ANSYS INC | $43,018 | $48,536 |
| AON PLC CL A | $37,830 | $40,576 |
| APPLE INC | $153,521 | $165,672 |
| ARMSTRONG WORLD INDU | $44,605 | $48,538 |
| ASML HOLDING NV NY REG SHS | $19,486 | $19,904 |
| ASPEN TECHNOLOGY, INC | $11,808 | $14,155 |
| ATLAS COPCO AB A SHS ADR | $27,579 | $28,278 |
| AUTODESK, INC | $49,205 | $49,208 |
| AVALARA INC | $76,858 | $59,649 |
| BADGER METER, INC | $18,244 | $18,968 |
| BANK OF HAWAII CORP | $49,236 | $48,665 |
| BENTLEY SYSTEMS INC CL B | $64,252 | $49,152 |
| BIO TECHNE CORPORATION | $42,947 | $46,561 |
| BLACKLINE INC | $25,289 | $24,435 |
| BLACKROCK INC | $71,142 | $71,414 |
| BOOKING HOLDINGS INC | $66,012 | $67,178 |
| BROADRIDGE FINANCIAL | $49,105 | $51,555 |
| BROOKS AUTOMATION, INC | $57,935 | $76,405 |
| BUNZL PLC SPONSORED ADR | $9,836 | $10,704 |
| CDW CORP | $26,398 | $27,441 |
| CERTARA | $20,209 | $15,517 |
| CHARLES RIV LABORATORIES INTL | $28,529 | $25,621 |
| CHEESECAKE FACTORY INC | $44,829 | $40,481 |
| CHEVRON CORP | $42,800 | $50,930 |
| CHURCH & DWIGHT | $21,345 | $25,728 |
| CISCO SYSTEMS INC | $49,632 | $56,716 |
| CLEARWATER ANALYTICS HOLDINGS, | $43,061 | $37,664 |
| COGNEX CORPORATION | $18,087 | $16,796 |
| CONSTRUCTION PARTNERS INC | $23,060 | $20,499 |
| COOPER COMPANIES INC | $32,680 | $31,421 |
| COPART INC | $49,219 | $53,673 |
| COSTAR GROUP, INC | $28,296 | $27,423 |
| COSTCO WHOLESALE CORPORATION | $20,654 | $26,114 |
| CROWN CASTLE INTL | $50,861 | $54,481 |
| CSL LTD | $34,378 | $34,068 |
| DASSAULT SYS SA SPN ADR | $15,015 | $15,994 |
| DCT INDUSTRIAL TRUST INC | $31,777 | $21,950 |
| DISCOVER FINL SVCS COM | $59,399 | $52,233 |
| DUKE ENERGY CO | $14,858 | $14,581 |
| ELANCO ANIMAL HEALTH INCORPORA | $29,810 | $26,706 |
| ENTEGRIS INC | $18,731 | $22,866 |
| EVERTEC INC | $40,817 | $44,382 |
| EVOLUTION GAMING GROUP AB ADR | $60,057 | $53,324 |
| EXPERIAN GROUP LTD S/ADR | $21,094 | $23,817 |
| EXPONENT, INC | $20,733 | $21,245 |
| FACTSET RESH SYST INC | $32,464 | $43,255 |
| FAIR ISSAC & CO INC | $48,570 | $46,403 |
| FASTENAL COMPANY | $37,809 | $44,458 |
| FERRARI NV | $18,731 | $22,000 |
| FIRST FINANCIAL BANKSHARES, IN | $42,231 | $44,129 |
| FIRST REPUBLIC BANK | $34,396 | $35,933 |
| FISERV INC | $57,520 | $56,773 |
| FIVE BELOW INC | $50,490 | $47,171 |
| FIVE9 INC | $27,145 | $20,598 |
| FIVERR INTERNATIONAL ORD SHS | $12,902 | $8,982 |
| FLOOR AND DECOR HOLDINGS | $20,727 | $23,142 |
| FORTUNE BRANDS HOME & SECURITY | $24,691 | $26,618 |
| GALLAGHER ARTHUR J & CO | $41,906 | $50,222 |
| GDYN | $15,282 | $19,251 |
| GLOBANT SA | $53,416 | $58,735 |
| GLOBUS MEDICAL INC | $58,014 | $54,150 |
| GODADDY INC | $26,931 | $32,501 |
| GRACO INC | $69,310 | $72,639 |
| GRAND CANYON EDUCATION, INC | $31,528 | $31,713 |
| GUIDEWIRE SOFTWARE INC | $23,530 | $23,841 |
| HEALTHCARE SVCS GROUP INC | $16,122 | $11,083 |
| HEALTHEQUITY INC | $38,122 | $26,677 |
| HEICO CORP | $31,042 | $34,901 |
| HEICO CP CL A | $62,657 | $68,758 |
| HENRY JACK & ASSOC INC | $70,681 | $68,466 |
| HOME DEPOT INC | $129,520 | $151,478 |
| HONEYWELL INTL | $31,931 | $28,983 |
| HOULIHAN LOKEY INC | $48,688 | $56,625 |
| IAA INC | $48,938 | $50,671 |
| IAC INTERACTIVE CORP | $14,176 | $14,640 |
| ICON PLC - AMERICAN DEPOSITARY | $44,364 | $56,985 |
| ILLINOIS TOOL WORKS | $24,226 | $25,914 |
| JOHN BEAN TECH CORP | $31,454 | $34,705 |
| JP MORGAN CHASE | $72,524 | $72,999 |
| KERING UNSPON ADR EA REPR 0.1 | $11,639 | $11,191 |
| KORNIT DIGITAL LTD | $33,851 | $40,499 |
| LAM RESEARCH CORP | $29,663 | $34,519 |
| LAMB WESTON HOLDINGS INC | $26,017 | $24,718 |
| LANDSTAR SYSTEM | $38,232 | $43,144 |
| LESLIES INC | $37,830 | $40,246 |
| LOCKHEED MARTIN CORP | $44,921 | $44,426 |
| LULULEMON ATHLETICA INC | $17,356 | $17,224 |
| LVMH MOET HENN UNSP | $10,624 | $12,082 |
| MARKEL CORP | $57,083 | $59,232 |
| MARKETAXESS HOLDINGS, INC | $42,687 | $37,426 |
| MASTERCARD INC | $49,194 | $50,305 |
| MATCH GROUP INC | $49,451 | $49,462 |
| MEDIAALPHA ORD SHS CLASS A | $22,336 | $14,622 |
| MEDTRONIC PLC | $65,754 | $52,242 |
| MERCADOLIBRE, INC | $14,371 | $13,484 |
| MERCK & CO INC | $49,723 | $48,436 |
| META PLATFORMS INC | $90,271 | $90,478 |
| METTLER-TOLEDO INTL | $32,231 | $35,641 |
| MGM GROWTH PROPERTIES LLC | $56,070 | $57,190 |
| MICROSOFT CORP | $129,082 | $140,244 |
| MIDDLEBY CORPORATION | $14,027 | $15,544 |
| MSCI INC | $27,117 | $26,958 |
| NATIONAL BEVERAGE CORP | $32,454 | $33,998 |
| NATIONAL INSTRUMENTS CORPORATI | $13,838 | $14,848 |
| NCINO | $24,266 | $21,779 |
| NEOGEN CORPORATION | $20,206 | $21,434 |
| NESTLE S.A | $8,468 | $9,405 |
| NEXTERA ENERGY, INC | $40,747 | $45,186 |
| NIKE INC-CL B | $32,291 | $31,667 |
| NORTHEAST UTIL | $7,815 | $6,557 |
| OLD DOMINION FREIGHT LINE | $101,205 | $130,449 |
| OLLIES BARGAIN OUTLET HOLDINGS | $56,398 | $34,195 |
| OLO ORD SHS CLASS A | $34,071 | $20,581 |
| ORCHARD SUPPLY HARDWARE CL A | $15,146 | $10,406 |
| ORTHOPEDIATRICS CORP | $14,427 | $13,169 |
| PAYCHEX | $74,872 | $88,043 |
| PAYCOM SOFTWARE | $36,740 | $32,800 |
| PAYLOCITY CORP | $35,448 | $33,062 |
| PEGASYSTEMS INC | $33,967 | $28,961 |
| PEPSICO INC | $37,376 | $41,343 |
| PERKIN ELMER INC | $40,992 | $43,429 |
| PERNOD-RECARD SA | $23,775 | $26,519 |
| PHILIP MORRIS INTL | $55,854 | $52,155 |
| PHILLIPS 66 | $39,753 | $41,085 |
| POOL CORP | $33,187 | $39,054 |
| PRIMERICA, INC | $32,809 | $33,106 |
| PROCTER GAMBLE CO | $32,365 | $36,806 |
| PROLOGIS | $48,473 | $61,620 |
| PROTO LABS INC | $5,458 | $3,954 |
| R L I CP | $33,340 | $34,415 |
| RAYTHEON TECHNOLOGIES CORP | $32,734 | $33,736 |
| RBC BEARINGS INCORPORATED | $51,689 | $46,453 |
| REPLIGEN CORP | $23,665 | $19,333 |
| RIGHTMOVE PLC ADR | $27,816 | $30,593 |
| RITCHIE BROS AUCTIONEERS | $36,279 | $36,114 |
| ROLLINS INC | $25,052 | $22,613 |
| RPM INTERNATIONAL INC | $29,671 | $35,350 |
| RYAN SPECIALTY GROUP HOLDINGS | $42,819 | $57,620 |
| S&P GLOBAL INC COM | $40,824 | $41,058 |
| SAGE GROUP PLC UNS/ADR | $29,206 | $34,575 |
| SAP AKTIENGESELL ADS | $24,041 | $22,698 |
| SCOTTS CO. CLASS A | $59,430 | $61,180 |
| SERVICE NOW | $36,299 | $38,947 |
| SHERWIN-WILLIAMS CO | $74,408 | $83,110 |
| SHOPIFY INC | $54,102 | $49,586 |
| SIEMENS HEALTHINEERS AG | $33,570 | $35,937 |
| SILK ROAD MEDICAL ORD SHS | $56,653 | $44,741 |
| SITEONE LANDSCAPE SUPPLY INC | $104,476 | $133,011 |
| SNAP ON INC | $50,289 | $48,461 |
| STARBUCKS CORP COM | $39,262 | $39,536 |
| STERIS PLC | $49,094 | $51,846 |
| STRYKER CORPORATION | $48,820 | $49,205 |
| TAIWAN SEMICONDUCTOR MFG CO LT | $29,866 | $32,243 |
| TAKE-TWO INTERACTIVE SOFTWARE | $57,500 | $57,226 |
| TELEDYNE TECH INC | $45,281 | $43,252 |
| TELEFONOS DE MEX L | $39,560 | $42,335 |
| TEMENOS GROUP AG | $20,688 | $18,133 |
| THE ENSIGN GROUP, INC | $15,427 | $15,868 |
| THERMO FISHER SCIENTIFIC INC | $94,237 | $104,088 |
| THOR INDS INC | $56,602 | $50,432 |
| TJX COMPANIES INC | $49,411 | $50,563 |
| TRANSUNION COM USD0.01 | $43,958 | $44,349 |
| TYLER TECHNOLOGIES, INC | $92,840 | $106,513 |
| UNIFIRST CP | $24,885 | $23,775 |
| UNILEVER PLC AMER | $9,950 | $9,467 |
| UNION PACIFIC | $58,394 | $65,250 |
| US BANCORP | $50,403 | $49,935 |
| VERISK ANALYTICS, INC | $69,034 | $82,343 |
| VERIZON COMMUNICATIONS | $41,590 | $38,710 |
| VIMEO | $11,338 | $6,609 |
| VISA INC | $31,517 | $29,256 |
| WAL-MART DE MEX V SP/ADR | $5,620 | $5,886 |
| WALT DISNEY HOLDINGS CO | $73,861 | $75,896 |
| WATSCO INC | $67,021 | $76,656 |
| WD-40 COMPANY | $32,344 | $33,760 |
| WEST PHARMA SVCS INC | $163,061 | $172,595 |
| WORKIVA INC | $38,149 | $36,798 |
| WUXI BIOLOGICS INC ADR | $22,027 | $17,885 |
| ZEBRA TECHNOLOGIES CORP | $49,298 | $50,592 |
| ZOETIS INC | $40,991 | $42,217 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALKEON INNOVATION OFFSHORE FUN | $277,000 | $276,934 |
| CLOVER PCO SECONDARY II (LEVER | $550,000 | $549,999 |
| PPB MILLENNIUM 2021 OFFSHORE A | $100,000 | $99,816 |
| REAL ESTATE SENIOR LOAN ACCESS | $3,025,128 | $3,052,883 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $16,657 | $16,657 | |
| Administrative Set-Up Fee | $4,400 | $4,400 | |
| Bank Charges | $55 | $55 | |
| Delaware Incorporation Fees | $500 | $500 | |
| IRS Application Fees | $600 | $600 | |
| K-1 Exp REAL ESTATE SENIOR LOA | $1,352 | $1,352 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss REAL ESTATE SENIOR LOAN ACCESS FUND 3 | Desc |
| Revenue And Expenses Per Books | $26,615 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $26,615 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $4,367 | $4,367 | |
| Website Development | $5,075 | $5,075 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1). | ExplanationTxt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| Grodman Marc D | |||
| 392 Fairmount Road | Califon | NJ | 07830 |
| Grodman Pamela | |||
| 392 Fairmount Road | Califon | NJ | 07830 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2021 | $134,300 | |
| Foreign Tax Paid | $118 | $118 |
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