BETA

AROUND FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
AROUND FOUNDATION (EIN 11-3377271)
Tax period
2021-05-01 to 2022-04-30
Filed
2022-12-12
IRS object ID
202243469349100014
Schema version
2021v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-12-12T18:07:06-05:00ReturnTs
Tax Period End2022-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARRY R CHARLES CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1280 N CENTRAL AVE STE 314AddressLine1Txt
CityHARTSDALECityNm
State AbbreviationNYStateAbbreviationCd
ZIP105301839ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113377271EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE AROUND FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAROUBusinessNameControlTxt
Phone2123624536PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J GLEICK 1965 BROADWAY 20BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES GLEICKPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2123624536PhoneNum
Signature2022-12-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastGLEICKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARRY R CHARLES CPAPreparerPersonNm
PTINP01493641PTIN
Phone9149976431PhoneNum
Preparation2022-12-12PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,109,478FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$121,755DividendsRevAndExpnssAmt
Dividends Net Invst Incm$121,755DividendsNetInvstIncmAmt
Dividends Adj Net Incm$121,755DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$871,162NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,020,657GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$871,162CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$992,917TotalRevAndExpnssAmt
Total Net Invst Incm$992,917TotalNetInvstIncmAmt
Total Adj Net Incm$121,755TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,200AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$275OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$275OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,475TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,475TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,058,568ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,058,568ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,062,043TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,475TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,058,568TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,069,126ExcessRevenueOverExpensesAmt
Net Investment Income$989,442NetInvestmentIncomeAmt
Adjusted Net Income$121,755AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,204,974CashBOYAmt
Cash EOY-$46,650CashEOYAmt
Cash EOYFMV-$46,650CashEOYFMVAmt
Corporate Stock BOY$676,907CorporateStockBOYAmt
Corporate Stock EOY$668,150CorporateStockEOYAmt
Corporate Stock EOYFMV$3,941,250CorporateStockEOYFMVAmt
Other Investments BOY$2,675,160OtherInvestmentsBOYAmt
Other Investments EOY$2,866,415OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,214,878OtherInvestmentsEOYFMVAmt
Total Assets BOY$4,557,041TotalAssetsBOYAmt
Total Assets EOY$3,487,915TotalAssetsEOYAmt
Total Assets EOYFMV$7,109,478TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,557,041RetainedEarningBOYAmt
Retained Earning EOY$3,487,915RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,557,041TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,487,915TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,557,041TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,487,915TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,557,041TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,069,126ExcessRevenueOverExpensesAmt
Subtotal$3,487,915SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,487,915TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
3000SH APPLE INCD2006-12-262021-12-07$486,208$8,757$477,451$477,451
11269.722SH GOLDMAN SACHS EMERG MRKTP2022-03-01$300,000$140,738$159,262$159,262
FieldValueIRS element (for citing)
Capital Gain Net Income$871,162CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$13,753InvestmentIncomeExciseTaxAmt
Subtotal$13,753SubtotalAmt
Tax Based On Investment Income$13,753TaxBasedOnInvestmentIncomeAmt
Tax Due$13,753TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES GLEICKIndividualWithBooksNm
Phone2123624536PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11965 BROADWAY 20BAddressLine1Txt
CityNEW YOKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (true)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES GLEICK
1965 BROADWAY 20BNEW YOKNY10023TRUSTEE000.00$0$0$0
CYNTHIA CROSSEN
1965 BROADWAY 20BNEW YORKNY10023TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$7,999,459AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$865,202AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,864,661TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,864,661AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$132,970CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,731,691NetVlNoncharitableAssetsAmt
Minimum Investment Return$436,585MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$436,585MinimumInvestmentReturnAmt
Tax Based On Investment Income$13,753TaxBasedOnInvestmentIncomeAmt
Total Tax$13,753TotalTaxAmt
Distributable Before Adj$422,832DistributableBeforeAdjAmt
Distributable Before Ded$422,832DistributableBeforeDedAmt
Distributable As Adjusted$422,832DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,058,568ExpensesAndContributionsAmt
Qualifying Distributions$2,058,568QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$422,832DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$440,865ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$535,778ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$191,530ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,168,173TotalExcessDistributionCyovAmt
Qualifying Distributions$2,058,568QualifyingDistributionsAmt
Applied To Current Year$422,832AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,635,736RemainingDistriFromCorpusAmt
Total Corpus$2,803,909TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,803,909ExcessDistriCyovToNextYrAmt
Excess From Year3$440,865ExcessFromYear3Amt
Excess From Year2$535,778ExcessFromYear2Amt
Excess From Year1$191,530ExcessFromYear1Amt
Excess From Current Year$1,635,736ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES GLEICK CYNTHIA CROSSEN JT WROContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonNUMEROUS CHARITIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
Address Line2VARIOUSAddressLine2Txt
CityVARIOUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10023ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusNONERecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$2,058,568Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,058,568TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$121,755ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$234,449ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$356,204ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$356,204TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ACCOUNTING & TAX PREPARATION-$3,200$3,200
BARRY R. CHARLES, CPA P.C.

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$668,150EOYBookValueAmt
EOYFMV$3,941,250EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIXED INCOME MUTUAL FUNDSAT COST$597,212$576,938
EQUITY MUTUAL FUNDSAT COST$2,269,203$2,637,940

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
NEW YORK STATE FILING FEE$275$275

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