PRENTICE FAMILY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PRENTICE FAMILY FOUNDATION (EIN 20-2557712)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202103199349101625
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T08:50:42-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WIPFLI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 TRI-STATE INTERNATIONAL STE 300 | AddressLine1Txt |
| City | LINCOLNSHIRE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60069 | 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 | 202557712 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PRENTICE FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PREN | BusinessNameControlTxt |
| Phone | 7162507500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1805 OSCEOLA STREET | AddressLine1Txt |
| City | JACKSONVILLE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES TANOUS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7162507500 | 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 | JAMES | PersonFirstNm |
| Person Last | TANOUS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFFREY ARNOL | PreparerPersonNm |
| PTIN | P00082023 | PTIN |
| Phone | 8479410100 | PhoneNum |
| Preparation | 2021-11-05 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | 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 | $24,116,729 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,000,200 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $302,717 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $302,717 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $863,976 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $13,100,675 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $863,976 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $5,166,893 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,166,693 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $147,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $14,400 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $132,600 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,116 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $5,116 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $46,718 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $37,374 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $9,344 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $51,886 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $51,886 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $198,910 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $73,910 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $449,630 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $182,686 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $141,944 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $753,533 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $753,533 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,203,163 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $182,686 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $895,477 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,963,730 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $984,007 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $317,226 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $479,263 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $479,263 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $8,965,777 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,662,252 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,809,712 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,513,921 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $4,416,942 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,659,304 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $88,486 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,740,700 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,740,700 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $912,750 | OtherAssetsBOYAmt |
| Other Assets EOY | $427,750 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $427,750 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,798,160 | TotalAssetsBOYAmt |
| Total Assets EOY | $18,726,907 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,116,729 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $11,038,451 | CapitalStockBOYAmt |
| Capital Stock EOY | $11,038,451 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $3,759,709 | RetainedEarningBOYAmt |
| Retained Earning EOY | $7,688,456 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,798,160 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $18,726,907 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,798,160 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $18,726,907 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,798,160 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,963,730 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $18,761,890 | SubtotalAmt |
| Other Decreases | $34,983 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $18,726,907 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| ASSOCIATED TRUST-PUBLICLY TRADED STOCK | $13,100,675 | $12,148,213 | $952,462 | $952,462 | |
| LOSS ON LLC TERMINATION-BHS FOODSERVICE | $88,486 | -$88,486 | -$88,486 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $863,976 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,678 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $13,678 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $13,678 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $12,575 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $12,575 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $8 | EsPenaltyAmt |
| Tax Due | $1,111 | TaxDueAmt |
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 | IL | 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.PRENTICEFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | BRYANT H PRENTICE III | IndividualWithBooksNm |
| Phone | 7162507500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1805 OSCEOLA STREET | AddressLine1Txt |
| City | JACKSONVILLE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32204 | 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 | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 (7 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 |
|---|---|---|---|---|---|---|---|---|
| BRYANT H PRENTICE III | ||||||||
| 1805 OSCEOLA STREET | JACKSONVILLE | FL | 32204 | PRESIDENT | 5.00 | $0 | $0 | $0 |
| JOAN P PRENTICE | ||||||||
| 1805 OSCEOLA STREET | JACKSONVILLE | FL | 32204 | VICE PRES. | 5.00 | $0 | $0 | $0 |
| COLETTE P PIKE | ||||||||
| 1539 FOXHALL ROAD NW | WASHINGTON | DC | 20007 | SECRETARY | 5.00 | $0 | $0 | $0 |
| MARC C HUTCHINSON | ||||||||
| 1092 MCCUE COURT | GREAT FALLS | VA | 22066 | TREASURER | 5.00 | $25,000 | $0 | $0 |
| JAMES TANOUS | ||||||||
| 41 NIAGARA PIER | ERIE | PA | 16507 | EXECUTIVE DIREC | 12.00 | $72,000 | $0 | $0 |
| ROBERT ZAK | ||||||||
| 1088 DELAWARE AVENUE | BUFFALO | NY | 14209 | DIRECTOR | 5.00 | $25,000 | $0 | $0 |
| NICOLE TZETZO | ||||||||
| 100 MEADOW RD | BUFFALO | NY | 14216 | DIRECTOR | 5.00 | $25,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SCHOLARSHIP PROGRAM TO ASSIST UNDERGRADUATE AND GRADUATE STUDENTS AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO (UB) AND CANISIUS COLLEGE WHO ARE ACTIVELY PREPARING FOR CAREERS THAT FURTHER ECONOMIC DEVELOPMENT AND GROWTH IN THE WESTERN NEW YORK AREA.THE FELLOWSHIP PROGRAM COMBINES FINANCIAL ASSISTANCE, IN THE FORM OF SCHOLARSHIPS, WITH PAID, CREDIT-BEARING INTERNSHIPS TO ASSIST FELLOWS IN ACQUIRING BOTH ACADEMIC AND PRACTICAL EXPERIENCES IN THEIR INTENDED PROFESSIONS. THE GRANTING OF THE SCHOLARSHIP WILL DEPEND ON ELIGIBILITY, NEED, AND STUDENT MIX,AS WELL AS THE STUDENT'S ABILITY TO COMPLY WITH THE SCHOOL'S STANDARD OF PROGRESS TO MEET FEDERAL SCHOLARSHIP GUIDELINES. | Description1Txt |
| Expenses1 | $746,033 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | INVESTMENT IN EFFERENT LABS INC - FACILITATE ECONOMIC GROWTH AND ADVANCE ECONOMIC ACTIVITY WITHIN WESTERN NEW YORK | Description1Txt |
| Expenses1 | $743,000 | Expenses1Amt |
| Description2 | LOAN TO STC ARCHITECTURAL - FACILITATE ECONOMIC GROWTH AND ADVANCE ECONOMIC ACTIVITY WITHIN WESTERN NEW YORK | Description2Txt |
| Expenses2 | $325,000 | Expenses2Amt |
| Total | $1,068,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $20,750,127 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $365,348 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $973,856 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,089,331 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,089,331 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $331,340 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,757,991 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,087,900 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,087,900 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,678 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $13,678 | TotalTaxAmt |
| Distributable Before Adj | $1,074,222 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,074,222 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,074,222 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $895,477 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,068,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,963,477 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,963,477 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,074,222 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $19,554 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $542,982 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $974,985 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,537,521 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,963,477 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,074,222 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $889,255 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,426,776 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,426,776 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $19,554 | ExcessFromYear3Amt |
| Excess From Year2 | $542,982 | ExcessFromYear2Amt |
| Excess From Year1 | $974,985 | ExcessFromYear1Amt |
| Excess From Current Year | $889,255 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2007-09-23 | PrivateOperatingFndtnRulingDt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BRYANT H PRENTICE III | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CANISIUS COLLEGE | |||||||
| 2001 MAIN ST | BUFFALO | NY | 14208 | NONE | PC | ADMINISTRATION OF THE SCHOLARSHIP PROGRAM AND SCHOLARSHIP AWARDS | $247,533 |
| UNIV OF BUFFALO FOUNDATION | |||||||
| 101 SERVICE CENTER RD | BUFFALO | NY | 14260 | NONE | PC | ADMINISTRATION OF THE SCHOLARSHIP PROGRAM AND SCHOLARSHIP AWARDS | $498,500 |
| EXPLORE BUFFALO | |||||||
| ONE SYMPHONY CIRCLE | BUFFALO | NY | 14201 | NONE | PC | CHARITABLE PURPOSES | $7,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $753,533 | 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 | $302,717 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $863,976 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,166,693 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,166,693 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| BRYANT & STRATTON LP | |||||||
| 1 | 1805 OSCEOLA STREET | JACKSONVILLE | FL | 322044607 | $3,997,700 | Yes (X) | |
| MARC C HUTCHINSON | |||||||
| 2 | 1092 MCCUE COURT | GREAT FALLS | VA | 22066 | $2,500 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 700 SHARES OF BRYANT & STRATTON STOCK | NoncashPropertyDesc |
| Fair Market Value | $3,997,700 | FairMarketValueAmt |
| Received | 2020-06-01 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $46,718 | Amt |
| Net Investment Income | $37,374 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,344 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | FIXED INCOME | BondNm |
| EOY Book Value | $4,416,942 | EOYBookValueAmt |
| EOYFMV | $4,659,304 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | EQUITIES | StockNm |
| EOY Book Value | $8,662,252 | EOYBookValueAmt |
| EOYFMV | $13,809,712 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BRYANT & STRATTON COLLEGE STOCK | AT COST | $3,997,700 | $3,997,700 |
| EFFERENT LABS STOCK | AT COST | $743,000 | $743,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $5,116 | LegalFeesAmt |
| Net Investment Income | $5,116 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LOAN - STC ARCHITECTURAL | $450,000 | $325,000 | $325,000 |
| LOAN - SUP ERIE ADVENTURE | $40,000 | $40,000 | $40,000 |
| LOAN - EFFERENT LABS | $410,000 | $0 | $0 |
| LOAN - ADVENTURE SPORTS DEVELOPMENT | $12,750 | $12,750 | $12,750 |
| LOAN - TRESCA DESIGN LLC | $50,000 | $50,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIFFERENCE BETWEEN FMV AND BASIS OF CONTRIBUTED STOCK | Desc |
| Amt | $34,983 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $73,865 | $73,865 | $0 |
| BANK CHARGES | $45 | $45 | $0 |
| PROGRAM SERVICE EXPENSE | $125,000 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | CategoryTxt |
| Amt | $51,886 | Amt |
| Net Investment Income | $51,886 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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