BETA

TASK FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
TASK FOUNDATION (EIN 13-1968353)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-12
IRS object ID
202101329349100725
Schema version
2020v4.1
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)
Return2021-05-12T08:42:07-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131968353EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TASK Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlTASKBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personjane stanleyPersonNm
Person TitletreasurerPersonTitleTxt
Phone8008391754PhoneNum
Signature2021-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstjanePersonFirstNm
Person LaststanleyPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,267,891FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,093InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,093InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$70,803DividendsRevAndExpnssAmt
Dividends Net Invst Incm$70,803DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$42NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$240,042GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$42CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$100OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$100OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$72,038TotalRevAndExpnssAmt
Total Net Invst Incm$72,038TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$5,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$5,000AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$22,233OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$22,233OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$3,234TaxesRevAndExpnssAmt
Taxes Net Invst Incm$7TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$46TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$46TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$16,656OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$16,656OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$47,169TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$22,240TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,702TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$177,580ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$177,580ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$224,749TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$22,240TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$199,282TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$152,711ExcessRevenueOverExpensesAmt
Net Investment Income$49,798NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$335,934SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$332,016SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$332,016SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$363,828USGovernmentObligationsBOYAmt
US Government Obligations EOY$368,555USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$383,214USGovtObligationsEOYFMVAmt
Corporate Stock BOY$1,535,587CorporateStockBOYAmt
Corporate Stock EOY$1,535,587CorporateStockEOYAmt
Corporate Stock EOYFMV$3,817,981CorporateStockEOYFMVAmt
Corporate Bonds BOY$621,589CorporateBondsBOYAmt
Corporate Bonds EOY$468,069CorporateBondsEOYAmt
Corporate Bonds EOYFMV$500,880CorporateBondsEOYFMVAmt
Other Assets BOY$233,800OtherAssetsBOYAmt
Other Assets EOY$233,800OtherAssetsEOYAmt
Other Assets EOYFMV$233,800OtherAssetsEOYFMVAmt
Total Assets BOY$3,090,738TotalAssetsBOYAmt
Total Assets EOY$2,938,027TotalAssetsEOYAmt
Total Assets EOYFMV$5,267,891TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,090,738RetainedEarningBOYAmt
Retained Earning EOY$2,938,027RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,090,738TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,938,027TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,090,738TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,938,027TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,090,738TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$152,711ExcessRevenueOverExpensesAmt
Subtotal$2,938,027SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,938,027TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$240,042GrossSalesPriceAmt
Cost Or Other Basis$240,000CostOrOtherBasisAmt
Gain Or Loss$42GainOrLossAmt
Gains Minus Excess Or Losses$42GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$42CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$692InvestmentIncomeExciseTaxAmt
Subtotal$692SubtotalAmt
Tax Based On Investment Income$692TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,884EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$1,884TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$1,192OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$1,192RefundAmt

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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 OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Ellen Kheel Jacobs
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir0.5$0$0$0
Katherine Kheel
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir0.25$0$0$0
Robert J Kheel
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Pres1.0$0$0$0
Jane Kheel Stanley
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Sec, Treas2.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,156,610AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$381,361AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,537,971TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$4,537,971AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$68,070CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,469,901NetVlNoncharitableAssetsAmt
Minimum Investment Return$223,495MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$223,495MinimumInvestmentReturnAmt
Tax Based On Investment Income$692TaxBasedOnInvestmentIncomeAmt
Total Tax$692TotalTaxAmt
Distributable Before Adj$222,803DistributableBeforeAdjAmt
Distributable Before Ded$222,803DistributableBeforeDedAmt
Distributable As Adjusted$222,803DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$199,282ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$199,282QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$199,282AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$222,803DistributableAsAdjustedAmt
Undistributed Income PY$198,739UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Qualifying Distributions$199,282QualifyingDistributionsAmt
Applied To Year1$198,739AppliedToYear1Amt
Applied To Current Year$543AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$222,260UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AGRICULTURAL STEWARDSHIP ASSOCIATION
2531 STATE RTE 40GREENWICHNY12834N/APCGeneral & Unrestricted$26,516
CLAY ART CENTER INC
40 BEECH STPORT CHESTERNY10573N/APCGeneral & Unrestricted$10,000
CORNELL UNIVERSITY
260 DAY HALLITHACANY14853N/APCThe Kheel Labor Management endowment fund$26,516
DIRECT RELIEF
6100 WALLACE BECKNELL RDSANTA BARBARACA93117N/APCFor use in Direct Relief's COVID-19 program$35,000
GOOD FOOD INSTITUTE INC
2503D N HARRISON ST NO 19ARLINGTONVA22207N/APCGeneral & Unrestricted$26,516
INTERNATIONAL RESCUE COMMITTEE INC
PO BOX 6068ALBERT LEAMN56007N/APCGeneral & Unrestricted$26,516
NEW YORK URBAN LEAGUE INC
204 W 136TH STNEW YORKNY10030N/APCGeneral & Unrestricted$26,516
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$177,580TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,093ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$70,803ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$42ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescCLASS ACTION LAWSUIT PROCEEDSDesc
Exclusion01ExclusionCd
Exclusion$100ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$72,038ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$72,038TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
CategoryAUDIT SUPPORTCategoryTxt
Amt$5,000Amt
Disbursements Charitable Prps$5,000DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Persistence Foundation IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 11AddressLine1Txt
CityEagle BridgeCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12057ZIPCd
FieldValueIRS element (for citing)
Grant2020-12-09GrantDt
Grant$233,800GrantAmt
Purpose Of GrantPRI LOAN - SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSIONPurposeOfGrantTxt
Any Diversion By GranteeNOAnyDiversionByGranteeTxt
Dates Of Reports By Grantee11/22/2019, 01/07/2021, 02/03/2021DatesOfReportsByGranteeTxt
Results Of VerificationTHE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.ResultsOfVerificationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Identifier1IdentifierTxt
Form And Line ReferenceFORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITYFormAndLineReferenceDesc
Medium ExplanationPRI RECIPIENT: The Persistence Foundation, Inc. DATE OF PRI: December 9, 2020 PURPOSE OF PRI: To ensure the continuing success of land conservation and agricultural preservation. REPORTS OF AMOUNTS EXPENDED: Recipient has submitted a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment for its fiscal years ending 7/31/19 and 7/31/20. From 2009 through 2011, TASK Foundation, Inc. (the "Foundation") entered into three (3) program related investment loan agreements with The Persistence Foundation as follows: (i) a loan agreement for $85,000, effective as of August 10, 2009, (ii) a loan agreement for $75,600, effective as of September 27, 2010 of which $10,800 was repaid, and (iii) a loan agreement for $105,000, effective as of August 1, 2011 (amended on January 12, 2012 to increase the total), of which $21,000 was repaid. In 2020, the Foundation and The Persistence Foundation entered into a consolidated loan agreement, effective as of December 9, 2020, thereby consolidating the outstanding balances of all three of these loans into one. Going forward, the Foundation will report these loans as one, single consolidated loan on its return. This investment remained on the foundation's books as of 12/31/2020. DIVERSIONS: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the investment was originally made. VERIFICATION: The grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made.MediumExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (12 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS - 2.650% - 12$34,540$36,534
ANHEUSER BUSCH INBEV BOND - 3.$35,630$39,646
APPLE INC - 3.450% - 05/06/202$35,466$38,544
BANK AMER CORP - 4.125% - 01/2$35,421$38,792
BERKSHIRE HATHAWAY INC - 0.000$35,106$36,756
CATERPILLAR FINL SVCS MTNS BE$50,146$54,687
CISCO SYSTEMS INC - 3.625% - 0$35,871$38,481
COCA-COLA CO - 3.200% - 11/01/$50,794$54,211
GOLDMAN SACHS GROUP INC - 3.62$35,301$37,350
HOME DEPOT INC - 2.700% - 04/0$35,183$36,709
ORACLE - 2.500% - 10/15/2022$34,789$36,380
PEPSICO INC - 2.750% - 03/01/2$49,822$52,790

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (53 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALPHABET INC CL A$39,481$87,632
ALPHABET INC CL C$38,452$87,594
AMAZON COM$47,655$227,985
AMERICAN WATER WORKS COMPANY I$23,307$102,825
AMERIPRISE FINANCIAL INC$13,560$48,583
AMETEK INC$33,617$74,378
APPLE INC$64,003$355,608
BANK NEW YORK MELLON CORP COM$24,924$25,252
BMY CONTINGENT VALUE RIGHTS$1,065$345
BOEING CO$37,069$58,867
BRINKER INTL INC$18,776$26,305
BRISTOL-MYERS SQUIBB CO$27,950$31,015
BROADCOM INC$18,998$56,921
CAPITAL ONE FINANCIAL CORP$50,378$56,345
CHEVRON CORP$20,771$20,690
CIGNA CORPORATION$58,923$83,272
CISCO SYSTEMS INC$19,987$42,960
CITIGROUP INC$47,178$70,416
COGNIZANT TECHNOLOGY SOLUTIONS$19,938$26,634
CONAGRA FOODS INC$14,086$21,031
COSTCO WHOLESALE CORPORATION$28,480$65,937
ECOLAB INC$30,929$57,335
EOG RESOURCES INC$17,564$15,709
FIDELITY NATIONAL INFORMATION$16,987$38,902
HCA INC$23,027$49,338
HOME DEPOT INC$12,991$106,248
INTUIT$14,447$55,078
JP MORGAN CHASE$47,784$132,788
KROGER CO$36,365$31,125
MCKESSON CORP$43,819$34,784
METLIFE INC$22,291$29,109
MICROSOFT CORP$85,446$338,077
NEXTERA ENERGY, INC$8,918$52,462
NIKE INC-CL B$50,541$111,054
NORFOLK SOUTHERN CORP$19,207$72,471
NXP SEMICONDUCTORS$7,700$20,671
OCCIDENTAL PETROLEUM CORP$36,629$9,330
OCCIDENTAL PETROLEUM WARRANTS$456
ORACLE CORP$23,919$44,636
PARKER HANNIFIN CP$19,969$54,482
PEPSICO INC$36,975$54,130
PHILLIPS 66$30,679$26,228
PROLOGIS$34,736$84,711
REGAL BELOITE CP$16,526$30,088
ROPER INDUSTRIES$39,493$88,373
SALESFORCE.COM$18,167$51,182
SEALED AIR CORP$18,848$31,595
T-MOBILE US INC$15,184$75,516
THERMO FISHER SCIENTIFIC INC$54,166$279,468
TRANSDIGM GRP INC$11,167$30,943
V F CORP$4,086$17,082
VISA INC$48,374$133,425
WALT DISNEY HOLDINGS CO$40,055$90,590

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$368,555USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$383,214USGovtObligationsEOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescPRI-THE PERSISTANCE FOUNDATIONDesc
EOY Book Value$233,800EOYBookValueAmt
EOYFMV$233,800EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$16,336$16,336
Equipment Maintenance$40$40
Postage/Delivery Service$20$20
State or Local Filing Fees$250$250
Website Hosting/Support$10$10

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescClass Action Lawsuit ProceedsDesc
Revenue And Expenses Per Books$100RevenueAndExpensesPerBooksAmt
Net Investment Income$100NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$22,233Amt
Net Investment Income$22,233NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
990-PF Estimated Tax for 2020$600
990-PF Extension for 2019$2,627
Foreign Tax Paid$7$7

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