GARY E MILGARD FAMILY FOUNDATION-LORI: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- GARY E MILGARD FAMILY FOUNDATION-LORI (EIN 81-1344384)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-05
- IRS object ID
- 202103099349100245
- 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
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-05T15:58:23-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10900 NE 4TH STREET SUITE 1400 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 811344384 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARY E MILGARD FAMILY FOUNDATION-LORI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GARY | BusinessNameControlTxt |
| Phone | 2532740121 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 COMMERCE STREET | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98402 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTINE ZEMANEK | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2532740121 | PhoneNum |
| Signature | 2021-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHRISTINE | PersonFirstNm |
| Person Last | ZEMANEK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH B HUANG | PreparerPersonNm |
| PTIN | P00745974 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2021-11-02 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $58,585,478 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,578,817 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,019,221 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $858,853 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $15,268,690 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $946,843 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $2,437,670 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,966,064 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $161,687 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $161,687 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $29,796 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $29,796 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $67,508 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $67,494 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,609 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,609 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $27,715 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $27,715 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $132,332 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $126,715 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $5,617 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $39,093 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $10,334 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,249 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $2,120 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $2,120 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,272 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,272 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $15,981 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $15,981 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $488,113 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $137,049 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $323,540 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,800,702 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,800,702 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,288,815 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $137,049 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,124,242 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $148,855 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,829,015 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $64,486 | CashBOYAmt |
| Cash EOY | $112,733 | CashEOYAmt |
| Cash EOYFMV | $112,733 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $354,594 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $221,891 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $221,891 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $640,340 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,949,774 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,949,774 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $48,237,536 | CorporateStockBOYAmt |
| Corporate Stock EOY | $50,677,618 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $50,677,618 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,118,359 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,268,627 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,268,627 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,911,605 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,354,835 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,354,835 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $54,326,920 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,585,478 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $58,585,478 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $91 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $105 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $118,200 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $165,600 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $118,291 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $165,705 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $54,208,629 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $58,419,773 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $54,208,629 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $58,419,773 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $54,326,920 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $58,585,478 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $54,208,629 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $148,855 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4,109,689 | OtherIncreasesAmt |
| Subtotal | $58,467,173 | SubtotalAmt |
| Other Decreases | $47,400 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $58,419,773 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | 2019-01-01 | 2020-12-31 | $15,206,614 | $14,321,847 | $884,767 | $884,767 |
| CAPITAL GAIN DISTRIBUTIONS | 2019-01-01 | 2020-12-31 | $62,076 | $62,076 | $62,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $946,843 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $25,423 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $25,423 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $25,423 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $24,103 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $34,103 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $8,680 | OverpaymentAmt |
| Applied To ES Tax | $8,680 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.GARYMILGARDFAMILYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | TREV COOKSON | IndividualWithBooksNm |
| Phone | 2532740121 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 COMMERCE STREET | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | Yes (1) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | Yes (1) | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (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 |
|---|---|---|---|---|---|---|---|---|
| CHRISTINE ZEMANEK | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | PRESIDENT | 7.30 | $61,687 | $10,838 | $0 |
| LORI MILGARD | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | SECRETARY | 40.00 | $0 | $14,688 | $0 |
| SCOTT EHLERS | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | VICE PRESIDENT | 40.00 | $25,000 | $7,180 | $0 |
| LINDSAY EHLERS | ||||||||
| 1701 COMMERCE STREET | TACOMA | WA | 98402 | TREASURER | 40.00 | $75,000 | $6,792 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY SMITH BARNEY HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NEW YORK PLAZA 12TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $126,715 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $48,931,092 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $178,021 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,911,605 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $53,020,718 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $53,020,718 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $795,311 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $52,225,407 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,611,270 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,611,270 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $25,423 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $25,423 | TotalTaxAmt |
| Distributable Before Adj | $2,585,847 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,585,847 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,585,847 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,124,242 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,124,242 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,124,242 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,585,847 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,880,810 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,124,242 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,880,810 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $243,432 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,342,415 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | EXCLUSIVELY ACCEPTED ONLINE VIA WWW | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 COMMERCE STREET | AddressLine1Txt |
| City | TACOMA | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2532740121 | RecipientPhoneNum |
| Form And Info And Materials | A LETTER OF INQUIRY IS THE FIRST STEP IN THE GRANT APPLICATION PROCESS. THE LETTER OF INQUIRY IS REVIEWED, AND IF APPROVED, THE APPLICANT WILL BE REQUESTED TO PROVIDE A FULL APPLICATION. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THERE IS NO DEADLINE FOR SUBMITTING A LETTER OF INQUIRY. | SubmissionDeadlinesTxt |
| Restrictions On Awards | ALL APPLICANT ORGANIZATIONS MUST QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. CERTAIN PROPOSALS ARE INELIGIBLE FOR FUNDING, SUCH AS: ANNUAL FUNDS, GALAS, OR OTHER SPECIAL EVENT FUNDRAISING ACTIVITIES; SECTARIAN RELIGIOUS ACTIVITIES, DEBT REDUCTION, POLITICAL LOBBYING, OR LEGISLATIVE ACTIVITIES; AND ORGANIZATIONS THAT DISCRIMINATE ON THE BASIS OF AGE, RACE, NATIONAL ORIGIN, ETHNICITY, GENDER, POLITICAL AFFILIATION OR RELIGIOUS BELIEF. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (55 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A PLACE CALLED HOME | ||||||
| 2830 SOUTH CENTRAL AVENUE | LOS ANGELES | CA | 90011 | PC: 509(A)(1) OR (A) | SUPPORTING BASIC NEEDS | $50,000 |
| ALLIANCE FOR CHILDREN'S RIGHTS | ||||||
| 333 WILSHIRE BLVD SUITE 550 | LOS ANGELES | CA | 90010 | PC: 509(A)(1) OR (A) | STABLE HOUSING, STABLE FUTURE | $25,000 |
| ASIAN YOUTH CENTER | ||||||
| 100 CLARY AVENUE | SAN GABRIEL | CA | 91776 | PC: 509(A)(1) OR (A) | EMERGENCY FOOD PROGRAM | $25,000 |
| BEST FRIENDS ANIMAL SOCIETY | ||||||
| 5001 ANGEL CANYON RD | KANAB | UT | 84741 | PC: 509(A)(1) OR (A) | BEST FRIENDS LA | $10,000 |
| BOYS & GIRLS CLUB OF W SAN GABRIEL VALLEY | ||||||
| 328 S RAMONA AVE | MONTEREY PARK | CA | 91754 | PC: 509(A)(1) OR (A) | THANKS FOR GIVING | $140,000 |
| BOYS & GIRLS CLUBS GREATER CONEJO VALLEY | ||||||
| 30343 CANWOOD STREET STE200 | AGOURA HILLS | CA | 91301 | PC: 509(A)(1) OR (A) | URGENT RELIEF CHILDCARE | $10,000 |
| CALIFORNIA HOSPITAL MEDICAL CENTER | ||||||
| 1401 SOUTH GRAND AVENUE | LOS ANGELES | CA | 90015 | PC: 509(A)(1) OR (A) | HOPE STREET AFTER-SCHOOL | $20,000 |
| CASA YOUTH SHELTER | ||||||
| 10911 REAGAN STREET | LOS ALAMITOS | CA | 90720 | PC: 509(A)(1) OR (A) | RESIDENTIAL SHELTER CARE | $10,000 |
| CATHOLIC CHARITIES OF LOS ANGELES INC | ||||||
| 1531 JAMES M WOOD BOULEVARD | LOS ANGELES | CA | 90015 | PC: 509(A)(1) OR (A) | ST. ROBERT'S BACKYARD CAFE | $10,000 |
| CHP 11-99 FOUNDATION | ||||||
| 2244 N STATE COLLEGE BLVD | FULLERTON | CA | 92831 | PC: 509(A)(1) OR (A) | EDUCATION PROGRAM | $10,000 |
| CHRYSALIS | ||||||
| 522 S MAIN STREET | LOS ANGELES | CA | 90013 | PC: 509(A)(1) OR (A) | EMPLOYMENT PROGRAM | $50,000 |
| COACHART | ||||||
| 312 ARIZONA AVE | SANTA MONICA | CA | 90401 | PC: 509(A)(1) OR (A) | VIRTUAL PROGRAMMING | $50,000 |
| COMMUNITY PARTNERS FBO STEAMCODERS | ||||||
| 1000 N ALAMEDA STREET SUITE 240 | LOS ANGELES | CA | 90012 | PC: 509(A)(1) OR (A) | STEAM:CODERS GENERAL OPERATING SUPPORT | $25,000 |
| COMMUNITY PARTNERS | ||||||
| PO BOX 741265 | LOS ANGELES | CA | 90074 | PC: 509(A)(1) OR (A) | SAFE PARKING LA | $25,000 |
| CONEJO VALLEY SENIOR CONCERNS | ||||||
| 401 HODENCAMP ROAD | THOUSAND OAKS | CA | 91360 | PC: 509(A)(1) OR (A) | EMERGENCY SERVICE SENIORS | $25,000 |
| DOOR OF HOPE | ||||||
| PO BOX 90455 | PASADENA | CA | 91109 | PC: 509(A)(1) OR (A) | HOMELESSNESS PREVENTION | $25,000 |
| DOWNTOWN WOMEN'S CENTER | ||||||
| 442 S SAN PEDRO ST | LOS ANGELES | CA | 90013 | PC: 509(A)(1) OR (A) | CAPITAL IMPROVE/COVID-19 | $50,000 |
| DREAM CENTER FOUNDATION | ||||||
| 2301 BELLEVUE AVE | LOS ANGELES | CA | 90026 | PC: 509(A)(1) OR (A) | RESIDENTIAL BED SPONSORSHIPS | $75,000 |
| EL CENTRO DE AMISTAD | ||||||
| 566 S BRAND BLVD | SAN FERNANDO | CA | 91304 | PC: 509(A)(1) OR (A) | MENTAL HEALTH SERVICES | $25,000 |
| ELIZABETH HOUSE | ||||||
| PO BOX 94077 | PASADENA | CA | 91109 | PC: 509(A)(1) OR (A) | MATERNAL MENTAL HEALTH | $25,000 |
| EXCEPTIONAL CHILDREN'S FOUNDATION | ||||||
| 5350 MACHADO ROAD | CULVER CITY | CA | 90230 | PC: 509(A)(1) OR (A) | KAYNE ERAS SCHOOL | $25,000 |
| EXTRAORDINARY FAMILIES | ||||||
| 221 N ARDMORE AVENUE | LOS ANGELES | CA | 90004 | PC: 509(A)(1) OR (A) | COVID-19 GENERAL OPERATING SUPPORT | $25,000 |
| FAMILY SERVICE AGENCY OF BURBANK | ||||||
| 2721 WEST BURBANK BLVD | BURBANK | CA | 91505 | PC: 509(A)(1) OR (A) | STUDENT CARE CENTERS | $50,000 |
| FOOD ON FOOT | ||||||
| 9663 SANTA MONICA BLVD 743 | BEVERLY HILLS | CA | 90210 | PC: 509(A)(1) OR (A) | WORKFORCE PREP HOMELESS | $25,000 |
| FOOTHILL FAMILY SERVICE | ||||||
| 2500 EAST FOOTHILL BLVD | PASADENA | CA | 91107 | PC: 509(A)(1) OR (A) | COUNSELING SERVICES | $10,000 |
| FREEDOM EDUCATION PROJECT PUGET SOUND | ||||||
| 918 S HORTON ST 912 | SEATTLE | WA | 98134 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $5,000 |
| HAVEN HILLS | ||||||
| PO BOX 260 | CANOGA PARK | CA | 91305 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $10,000 |
| HEALING CALIFORNIA | ||||||
| 545 S RAYMOND AVENU | PASADENA | CA | 91105 | PC: 509(A)(1) OR (A) | DENTAL & VISION SERVICES | $15,000 |
| HOMEBOY INDUSTRIES | ||||||
| 130 W BRUNO STREET | LOS ANGELES | CA | 90012 | PC: 509(A)(1) OR (A) | 18-MONTH RE-ENTRY PROGRAM | $25,000 |
| HUMAN-I-T | ||||||
| 230 E 3RD ST STE A | LONG BEACH | CA | 90802 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $25,000 |
| LAS VIRGENES SCOUTING ALUMNI ASSOCIATION | ||||||
| PO BOX 335 | AGUORA HILLS | CA | 91376 | PC: 509(A)(1) OR (A) | MOTHERS DAY BREAKFAST | $5,000 |
| MALIBU FOUNDATION FOR YOUTH & FAMILIES | ||||||
| 30215 MORNING VIEW DR | MALIBU | CA | 90265 | PC: 509(A)(1) OR (A) | WELLNESS CTR-SOCIAL WORK | $50,000 |
| MAPS CHARITIES | ||||||
| 14320 VENTURA BLVD 33 | SHERMAN OAKS | CA | 91423 | PC: 509(A)(1) OR (A) | SENIOR SAFETY NET PROGRAM | $20,000 |
| MAR VISTA FAMILY CENTER | ||||||
| 5075 SOUTH SLAUSON AVENUE | CULVER CITY | CA | 90230 | PC: 509(A)(1) OR (A) | FAMILY ENGAGE PRESCHOOL | $20,000 |
| ONE VOICE | ||||||
| 1228 15TH ST SUITE C | SANTA MONICA | CA | 90404 | PC: 509(A)(1) OR (A) | FAMILY ASSISTANCE PROGRAM | $15,000 |
| OREGON STATE UNIVERSITY FOUNDATION | ||||||
| 4238 SW RESEARCH WAY | CORVALLIS | OR | 97333 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $5,000 |
| PACER CENTER INC | ||||||
| 8161 NORMANDALE BLVD | MINNEAPOLIS | MN | 55437 | PC: 509(A)(1) OR (A) | LOS ANGELES CENTER | $25,000 |
| PATH | ||||||
| 340 N MADISON AVENUE | LOS ANGELES | CA | 90004 | PC: 509(A)(1) OR (A) | FAMILY CONNECTIONS | $15,000 |
| PROJECT ANGEL FOOD | ||||||
| 922 VINE STREET | LOS ANGELES | CA | 90038 | PC: 509(A)(1) OR (A) | HOME DELIVERED MTMS | $30,000 |
| PROJECT ECHO | ||||||
| PO BOX 2410 | SANTA MONICA | CA | 90407 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $20,000 |
| PROJECT MIRACLE | ||||||
| 9301 WILSHIRE BLVD SUITE 507 | BEVERLY HILLS | CA | 90210 | PC: 509(A)(1) OR (A) | EXPRESSIVE ARTS PROGRAM | $10,000 |
| PROJECT ROPA | ||||||
| 4712 ADMIRALTY WAY 1226 | MARINA DEL REY | CA | 90292 | PC: 509(A)(1) OR (A) | MOBILE STREET SERVICE | $5,000 |
| RESCUE MISSION ALLIANCE | ||||||
| 8756 CANBY AVE | NORTHRIDGE | CA | 91325 | PC: 509(A)(1) OR (A) | FAMILY SUCCESS CENTER | $20,000 |
| SALESIAN FAMILY YOUTH CENTER | ||||||
| 2228 EAST 4TH STREET | LOS ANGELES | CA | 90033 | PC: 509(A)(1) OR (A) | COVID-19 SUPPORT | $10,000 |
| SANTA MONICA HIGH SCHOOL BASEBALL | ||||||
| 601 PICO BLVD | SANTA MONICA | CA | 90405 | PC: 509(A)(1) OR (A) | BASEBALL PROGRAM | $49,602 |
| THE LITTLE MARKET | ||||||
| 1852 CARNEGIE AVENUE | SANTA ANA | CA | 92705 | PC: 509(A)(1) OR (A) | DESIGN CHANGE:EMPOWER WOMEN | $100,000 |
| THE PABLOVE FOUNDATION | ||||||
| 6607 WEST SUNSET BLVD | LOS ANGELES | CA | 90028 | PC: 509(A)(1) OR (A) | LA SHUTTERBUGS PROGRAM | $25,000 |
| THE TREVOR PROJECT | ||||||
| PO BOX 69232 | WEST HOLLYWOOD | CA | 90069 | PC: 509(A)(1) OR (A) | SAVING LIVES LGBTQ | $20,000 |
| THE WHOLE CHILD | ||||||
| 10155 COLIMA ROAD | WHITTIER | CA | 90603 | PC: 509(A)(1) OR (A) | HOPE FOR HOMELESS FAMILIES | $15,000 |
| UNION RESCUE MISSION | ||||||
| 545 S SAN PEDRO STREET | LOS ANGELES | CA | 90013 | PC: 509(A)(1) OR (A) | EMERGENCY COVID-19 | $200,000 |
| UNION STATION HOMELESS SERVICES | ||||||
| 825 E ORANGE GROVE BLVD | PASADENA | CA | 91104 | PC: 509(A)(1) OR (A) | FAMILY SERVICES PROGRAM | $30,000 |
| VILLAGE FOR VETS | ||||||
| PO BOX 491971 | LOS ANGELES | CA | 90049 | PC: 509(A)(1) OR (A) | GENERAL OPERATING SUPPORT | $25,000 |
| WEINGART CENTER ASSOCIATION | ||||||
| 566 S SAN PEDRO STREET | LOS ANGELES | CA | 90013 | PC: 509(A)(1) OR (A) | GROW PROGRAM | $25,000 |
| WESTERN RIVERS CONSERVANCY | ||||||
| 71 SW OAK STREET SUITE 100 | PORTLAND | OR | 97204 | PC: 509(A)(1) OR (A) | NISQUALLY RIVER PROJECT | $11,100 |
| WORLD VISION | ||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | PC: 509(A)(1) OR (A) | GREATER LOS ANGELES | $150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,800,702 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,578,817 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $858,853 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,437,670 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,437,670 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $27,715 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $27,715 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SELF DEALING | IdentifierTxt |
| Form And Line Reference | PART VII-B, LINE 1B | FormAndLineReferenceDesc |
| Medium Explanation | DURING THE YEAR, AN INADVERTENT ACT OF SELF-DEALING WAS DISCOVERED FOR A DISQUALIFIED PERSON RECEIVING FOUNDATION CREDIT FOR PERSONAL EXPENDITURES. THE FOUNDATION HAS A CELL PHONE PLAN THAT PROVIDES EMPLOYEES WITH CELL PHONES FOR FOUNDATION BUSINESS. THE CELL PHONE PLAN WAS ALSO OFFERED TO FAMILY MEMBERS OF THESE INDIVIDUALS, WHERE THE FOUNDATION EMPLOYEES REIMBURSED THE FOUNDATION THROUGH A RECURRING PAYROLL REIMBURSEMENT FOR THE ADDITIONAL PLAN CHARGES FOR THEIR FAMILY MEMBERS. ONE OF THESE FOUNDATION EMPLOYEES PARTICIPATING IN THE CELL PHONE PLAN IS A DISQUALIFIED PERSON OF THE FOUNDATION. AS A RESULT, THE REIMBURSEMENT OF MONTHLY CELL PHONE CHARGES FOR THE PHONE LINES OF FAMILY MEMBERS OF A DISQUALIFIED PERSON RESULTS IN AN ACT OF SELF-DEALING. THE TOTAL PERSONAL PHONE CHARGE REIMBURSEMENTS FOR 2020 WAS $479.82. THE AMOUNTS WERE REPAID TO THE FOUNDATION ON A BI-WEEKLY BASIS THROUGH A STANDARD PAYROLL DEDUCTION. SINCE THE TRANSACTION IS FOR THE USE OF MONEY, SELF-DEALING IS ON THE GREATER OF THE AMOUNT PAID FOR SUCH USE OR THE FAIR MARKET VALUE OF SUCH USE FOR THE PERIOD FOR WHICH THE MONEY IS USED (REG. 53.4941(E)-1(B)(2)(II)). NO INTEREST WAS CHARGED BY THE FOUNDATION FOR THESE FUNDS, THEREFORE THE 2020 SHORT TERM AFR RATES FOR THE APPLICABLE MONTHS HAVE BEEN USED TO CALCULATE THE AMOUNT INVOLVED FOR SELF-DEALING PURPOSES. DUE TO THE AMOUNTS BEING SMALL, THE BALANCES OUTSTANDING FOR A SHORT NUMBER OF DAYS, AND THE AFR RATES BEING LOW, THE AMOUNT INVOLVED IS ZERO WHEN ROUNDED TO THE NEAREST DOLLAR. THE 10% EXCISE TAX ON THE AMOUNT INVOLVED RESULTS IN SELF-DEALING TAXES OF ZERO. AS A RESULT, NO FORMS 4720 HAVE BEEN FILED BY THE FOUNDATION OR THE DISQUALIFIED PERSON AS NO TAX IS DUE FOR THE YEAR.THE REIMBURSEMENT OF PERSONAL CELL PHONE CHARGES FOR FAMILY MEMBERS OF THE DISQUALIFIED PERSON ORIGINATED IN LATE 2017. WHEN CALCULATING THE AMOUNT INVOLVED, EACH YEAR RESULTS IN AMOUNT OF ZERO, WHEN ROUNDED TO THE NEAREST DOLLAR, DUE TO THE AMOUNTS BEING SMALL, BALANCES OUTSTANDING FOR A SHORT NUMBER OF DAYS, AND THE AFR RATES BEING LOW. SELF-DEALING TAXES CALCULATED FOR THESE TRANSACTIONS IS ALSO ZERO. AS A RESULT, NO FORMS 4720 HAVE BEEN FILED FOR THE 2017 2019 TAX YEARS BY THE FOUNDATION OR THE DISQUALIFIED PERSON AS NO TAX IS DUE. THE DISQUALIFIED PERSON UNDERSTANDS SUCH TRANSACTIONS MADE BY THE FOUNDATION ARE IMPERMISSIBLE. THE FOUNDATION CELL PHONE PLAN HAS SINCE BEEN TERMINATED AND EACH EMPLOYEE IS NOW REQUIRED TO OBTAIN THEIR OWN PERSONAL PHONE PLAN. AS A RESULT, THIS TRANSACTION WILL NOT OCCUR IN THE FUTURE. THE FOUNDATION ALSO RECEIVES SERVICES FROM DISQUALIFIED PERSONS THROUGH THEIR VOLUNTEER POSITIONS AND PAYS REASONABLE COMPENSATION TO DISQUALIFIED PERSONS. BOTH ACTS FALL WITHIN THE SELF-DEALING EXCEPTIONS DESCRIBED IN REG. 53.4941(D)-3 AND THEREFORE DO NOT RESULT IN ACTS OF SELF-DEALING. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | MORGAN STANLEY - CORPORATE BONDS | BondNm |
| EOY Book Value | $1,268,627 | EOYBookValueAmt |
| EOYFMV | $1,268,627 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MORGAN STANLEY - CORPORATE STOCK | StockNm |
| EOY Book Value | $50,677,618 | EOYBookValueAmt |
| EOYFMV | $50,677,618 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,949,774 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,949,774 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PINEHURST INSTIT LTD CL I | FMV | $3,202,467 | $3,202,467 |
| RIVERVIEW GLBL MACRO (CAY) | FMV | $1,152,368 | $1,152,368 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $6,609 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,609 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX EXPENSE | Desc |
| Amt | $47,400 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE | $6,060 | $0 | $6,060 |
| COMPUTER EXPENSE | $2,236 | $0 | $2,236 |
| OFFICE EXPENSE | $4,747 | $0 | $4,747 |
| REPAIRS & MAINTENANCE | $2,347 | $0 | $2,347 |
| EQUIPMENT RENTAL | $518 | $0 | $518 |
| DUES AND SUBSCRIPTIONS | $73 | $0 | $73 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAINS | Desc |
| Amt | $4,109,689 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX | Desc |
| BOY Book Value | $118,200 | BOYBookValueAmt |
| EOY Book Value | $165,600 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $126,715 | $126,715 | $0 |
| OTHER CONSULTANTS | $5,617 | $0 | $5,617 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STATE TAXES | $1,249 | $0 | $1,249 |
| FOREIGN TAXES | $10,334 | $10,334 | $0 |
| EXCISE TAXES | $27,510 | $0 | $0 |
Comments