KAPNICK FOUNDATION TR: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- KAPNICK FOUNDATION TR (EIN 36-7434011)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202243199349106174
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T13:52:41-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 | 367434011 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Kapnick Foundation | BusinessNameLine1Txt |
| Business Name Line2 | U/A/S 8/15/04 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERNST & YOUNG US LLP | InCareOfNm |
| Business Name Control | KAPN | BusinessNameControlTxt |
| Phone | 2127733000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 73 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT B KAPNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2123960333 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SCOTT B | PersonFirstNm |
| Person Last | KAPNICK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | William Rabetz | PreparerPersonNm |
| PTIN | P00963994 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| 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 | $60,761,914 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $5,602 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,602 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,011,016 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,011,016 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,730,347 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,304,254 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,722,431 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $841,224 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $773,405 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,588,189 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,512,454 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $4,750 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $4,750 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $12,420 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,580 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $10,040 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $83,577 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $66,950 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $116,367 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $79,370 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,330 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,055,191 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,055,191 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,171,558 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $79,370 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,065,521 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$583,369 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,433,084 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $582,907 | CashBOYAmt |
| Cash EOY | $525,903 | CashEOYAmt |
| Cash EOYFMV | $525,903 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $11,898,481 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $11,344,978 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $11,344,978 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,167,205 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $41,954,750 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $43,242,504 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $48,891,033 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $55,603,343 | TotalAssetsBOYAmt |
| Total Assets EOY | $55,113,385 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $60,761,914 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $55,603,343 | CapitalStockBOYAmt |
| Capital Stock EOY | $55,113,385 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $55,603,343 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $55,113,385 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $55,603,343 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $55,113,385 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $55,603,343 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$583,369 | ExcessRevenueOverExpensesAmt |
| Other Increases | $93,411 | OtherIncreasesAmt |
| Subtotal | $55,113,385 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $55,113,385 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SALE OF MARKETABLE SECURITIES | P | $5,160,132 | $1,260,618 | $3,899,514 | $3,899,514 |
| CAPITAL GAIN THRU GS VINTAGE VII OFFSHORE | P | $89,711 | $89,711 | $89,711 | |
| CAPITAL GAIN THRU VINTAGE VIII OFFSHORE | P | $11,500 | $11,500 | $11,500 | |
| CAPITAL GAIN THRU OFFSHORE MEZZ PTS III INS LP | P | $281,029 | $281,029 | $281,029 | |
| CAPITAL GAIN THRU CREDIT VALUE OFF FUND V LP | P | $124,354 | $124,354 | $124,354 | |
| CAPITAL GAIN THRU VINTAGE V OFF | P | $90,508 | $90,508 | $90,508 | |
| CAPITAL GAIN THRU HPS OFF MEZZ PTRS 2019 | P | $1,131 | $1,131 | $1,131 | |
| CAPITAL GAIN THRU WSSSO FUND I, LP | P | $1,144 | $1,144 | $1,144 | |
| CAPITAL GAIN THRU CRESTVIEW PARTNERS III (TE), L.P. | P | $2,624 | -$2,624 | -$2,624 | |
| CAPITAL GAIN THRU CRESTVIEW PARTNERS II | P | $430,765 | $430,765 | $430,765 | |
| SEC 1231 GAIN THRU CRESTVIEW PARTNERS II | P | $11,406 | -$11,406 | -$11,406 | |
| LOSS ON DISSOLUTION OF YOUR VOICE SPA | D | $307,175 | -$307,175 | -$307,175 | |
| CAPITAL GAIN THRU KKR ASIAN | P | $113,980 | $113,980 | $113,980 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,722,431 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $89,420 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $89,420 | SubtotalAmt |
| Tax Based On Investment Income | $89,420 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $61,972 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $65,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $126,972 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $412 | EsPenaltyAmt |
| Overpayment | $37,140 | OverpaymentAmt |
| Applied To ES Tax | $37,140 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2127733000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| RICHARD B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| KATHLEEN G KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| SCOTT B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TREASURER | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Description2 | N/A | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $276,033 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $16,173,198 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $43,544,522 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $59,993,753 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $59,993,753 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $899,906 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $59,093,847 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,954,692 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,954,692 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $89,420 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $89,420 | TotalTaxAmt |
| Distributable Before Adj | $2,865,272 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,865,272 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,865,272 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,065,521 | 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 | $7,065,521 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,865,272 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,085,353 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $397,054 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,968,263 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $5,069,000 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,346,659 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $16,866,329 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,065,521 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,865,272 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,200,249 | RemainingDistriFromCorpusAmt |
| Total Corpus | $21,066,578 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $3,085,353 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $17,981,225 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $397,054 | ExcessFromYear4Amt |
| Excess From Year3 | $4,968,263 | ExcessFromYear3Amt |
| Excess From Year2 | $5,069,000 | ExcessFromYear2Amt |
| Excess From Year1 | $3,346,659 | ExcessFromYear1Amt |
| Excess From Current Year | $4,200,249 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SCOTT B KAPNICK PO BOX 73 BOWL | ContributingManagerNm |
| Contributing Manager | NEW YORK NY 10274-0073 | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE STATEMENT ATTACHED | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10274 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE STATEMENT ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $7,055,191 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,055,191 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,602 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,011,016 | 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) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $7,916 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,722,431 | 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 (20 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| INCOME THRU - OFFSHORE | 01 | |||
| GS VINTAGE VII OFF | 01 | $5,832 | ||
| CREDIT VALUE OFFSHORE FUND V | 01 | $172,639 | ||
| VINTAGE VIII OFF | 01 | $4,500 | ||
| VINTAGE V OFF | 01 | $6,948 | ||
| HPS LOAN MGT 9- 2016 LTD | 01 | $15,630 | ||
| STARWOOD SOF XI PVT INVESTORS | 01 | $938 | ||
| STRATA CLO I | 01 | $29,108 | ||
| INCOME THRU - K1S | 01 | |||
| HPS OFFS MEZZ III - UBTI | 01 | 901101 | $18,107 | |
| HPS OFFS MEZZ III | 01 | $185,007 | ||
| REAL ESTATE CREDIT SOLUTIONS - UBTI | 01 | 901101 | $14,117 | |
| REAL ESTATE CREDIT SOLUTIONS | 01 | $22,827 | ||
| WEST ST STRATEGIC SOLUTIONS - UBTI | 01 | 901101 | -$1,121 | |
| WEST ST STRATEGIC SOLUTIONS | 01 | $25,260 | ||
| SPECIALTY LOAN INSTIT FUND 2016 | 01 | $126,198 | ||
| HPS OCOEE SPEC LOAN FUND - UBTI | 901101 | $2,373 | ||
| HPS OCOEE SPEC LOAN FUND | 01 | $9,021 | ||
| CRESTVIEW PARTNERS III(TE)L.P. | 01 | $41 | ||
| CRESTVIEW PARTNERS IV(TE) L.P | 01 | -$11,456 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $75,735 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,512,454 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,588,189 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EY - TAX PREP | CategoryTxt |
| Amt | $18,000 | Amt |
| Net Investment Income | $12,420 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,580 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GLOBAL ATLANTIC COMP | $0 | $0 |
| AMAZON COM INC | $0 | $0 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (47 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GS VINTAGE FUND V, LP | $1,195,734 | $266,375 |
| GS VINTAGE FUND VIII OFFSHORE | $743,649 | $1,280,538 |
| GS MEZZANINE PARTNERS 2006 LP | $1,862,823 | $39,800 |
| CRESTVIEW PARTNERS II LP | $662,721 | $3,466,238 |
| CRESTVIEW PTRS III (TE) LP | $643,139 | $1,009,339 |
| GS CAPITAL PARTNERS V, LP | $973,365 | $126,000 |
| SOROBAN OPP CAYMAN FUND III | $7,331,975 | $10,232,096 |
| SOROBAN OPP CAYMAN FUND LTD | $0 | $0 |
| HIGHBRIDGE INSTITUTIONAL MEZZA | $0 | $828,197 |
| HIGHBRIDGE IRISH SPECIALTY | ||
| - LOAN FUND III | $1,928,162 | $216,237 |
| GS VINTAGE FUND VII | ||
| - OFFSHORE HOLDINGS | $1,115,179 | $1,912,895 |
| THE KINGSWAY FUND FRONTIER | $1,593,443 | $2,286,906 |
| PETERSHILL II OFFSHORE LP . | $1,884,388 | $2,500,656 |
| PROVIDENCE DEBT FUND III | $294,176 | $387,575 |
| YOUR VOICE SPA ITALY | $0 | $0 |
| WATFORD HOLDINGS FED FUNDS | $755,726 | $635,599 |
| CREDIT VALUE OFFSHORE FD 2016 | $1,018,390 | $262,253 |
| AQUAHYDRATE | $640,000 | $640,000 |
| OFFSHORE MEZZANINE PARTN II | ||
| - INSTITUTIONAL, LP | $6,778,463 | $6,945,659 |
| SPECIALTY LOAN INSTITUTIONAL | ||
| - FUND 2016-L, LP | $889,051 | $769,796 |
| HPS LOAN MANAGEMENT 9-2016,LTD | $464,111 | $300,000 |
| VINTAGE VII AIV OFFSHORE SCSP | $121,827 | $142,825 |
| CRESTVIEW PARTNERS III (DE) LP | $78,429 | $143,492 |
| REAL ESTATE CREDIT SOLUTIONS | ||
| - OFFSHORE FUND II | $137,636 | $120,591 |
| STRATA CLO I LTD | $874,971 | $1,024,587 |
| KKR ASIAN FD III PVT IN O/S LP | $710,212 | $1,311,852 |
| STARWOOD SOF XI PVT IN O/S LP | $505,611 | $615,494 |
| SVSS IV PVT IN O/S LP | $692,777 | $1,035,110 |
| SVSS V PVT IN O/S LP | $253,113 | $247,300 |
| ARES PCS II PRIVATE INVESTORS | $189,722 | $186,302 |
| MILLENNIUM PVT INVST OFFSHORE | $151,790 | $152,297 |
| CREDIT VALUE OFFSHORE FUND V | $0 | $0 |
| OPPORT OFFSHORE FUND II, LP | $1,092,904 | $1,048,384 |
| HPS OFF MEZZNE PTNRS 2019, LP | $4,970,628 | $5,730,529 |
| WEST STREET STRAGIC SOLUTIONS | ||
| OFFSHORE FUND I LP | $740,192 | $786,014 |
| HPS OCOEE SPEC LOAN FUND | $233,874 | $234,288 |
| CRESTVIEW PARTNERS IV(TE) L.P | $996,038 | $1,287,524 |
| THE EQUITY ALLIANCE FUND I, LP | $231,883 | $231,883 |
| THE EQUITY ALLIANCE, LLC | $473,852 | $473,852 |
| GS ACCT 1572 (EURO) | $372 | $372 |
| DUE FROM PARTNERSHIP INVEST | $12,178 | $12,178 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MCDERMOTT WILL & EMERY | CategoryTxt |
| Legal Fees | $4,750 | LegalFeesAmt |
| Disbursements Charitable Prps | $4,750 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| FOR LIQUIDATED ASSETS | $0 |
| BOOK AND TAX DEFFERENCE - | $0 |
| UNREALIZED LOSS FROM PASS-THRU ENTITIES | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER EXP THRU STARWOOD SOF | $284 | $284 |
| OTHER EXP THRU KKR ASIAN | $4,146 | $4,146 |
| OTHER EXP THRU MILLENNIUM | $22,500 | $22,500 |
| OTHER EXP THRU ARES PCS II | $15,000 | $15,000 |
| OTHER EXP THRU SVSS V | $15,000 | $15,000 |
| NON DEDUCTIBLE EXPENSES | $16,627 | |
| OTHER EXP THRU PETERSHILL II | $10,020 | $10,020 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (27 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INCOME THRU - OFFSHORE | ||
| Vintage VII Offshore | $5,832 | $5,832 |
| Credit Value Offshore Fund V, LP | $172,639 | $172,639 |
| Vintage VIII Offshore | $4,500 | $4,500 |
| Vintage V Offshore | $6,948 | $6,948 |
| HPS Loan Mgt 9- 2016 LTD | $15,630 | $15,630 |
| Starwood SOF XI Pvt Investors | $938 | $938 |
| Strata CLO I | $29,108 | $29,108 |
| INCOME THRU - K1s | ||
| REAL ESTATE CREDIT SOLUTIONS | $22,827 | $22,827 |
| REAL ESTATE CREDIT SOLUTIONS - UBTI | $14,117 | |
| HPS OFFS MEZZ III | $185,007 | $185,007 |
| HPS OFFS MEZZ III - UBTI | $18,107 | |
| WEST ST STRATEGIC SOLUTIONS | $25,260 | $25,260 |
| WEST ST STRATEGIC SOLUTIONS - UBTI | -$1,121 | |
| SPECIALTY LOAN INSTITUTIONAL | $126,198 | $126,198 |
| HPS OCOEE SPECIALTY LOAN FUND LP | $9,021 | $9,021 |
| HPS OCOEE SPECIALTY LOAN FUND LP - UBTI | $2,373 | |
| CRESTVIEW PARTNERS III (TE), L.P. | $41 | $41 |
| CRESTVIEW PARTNERS IV (TE), L.P. | -$11,456 | -$11,456 |
| VINTAGE VII AIV OFFSHORE SCSP | $1,588 | $1,588 |
| CRESTVIEW PARTNERS II, LP | $3,295 | $3,295 |
| CRESTVIEW PARTNERS II, LP - UBTI | $20,898 | |
| Petershill II Offshore LP | $220,294 | $220,294 |
| Petershill II Offshore LP - UBTI | $13,445 | |
| The Equity Alliance Fund I, LP | -$18,117 | -$18,117 |
| The Equity Alliance, LLC | -$26,148 | -$26,148 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COST BASIS ADJUSTMENT | Desc |
| Amt | $93,411 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAXES | CategoryTxt |
| Amt | $10,040 | Amt |
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