HERBST FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- HERBST FOUNDATION INC (EIN 94-6061680)
- Tax period
- 2019-08-01 to 2020-07-31
- Filed
- 2021-01-20
- IRS object ID
- 202110209349100801
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-01-20T17:05:33-08:00 | ReturnTs |
| Tax Period End | 2020-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 680422725 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St Suite 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946061680 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Herbst Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HERB | BusinessNameControlTxt |
| Phone | 4152521220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert K Taylor | PersonNm |
| Person Title | Treas. & Direct | PersonTitleTxt |
| Signature | 2021-01-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Karen Ebadi | PreparerPersonNm |
| PTIN | P00029504 | PTIN |
| Phone | 9259447662 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $76,325,855 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $117,337 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $117,337 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $117,337 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $1,744,887 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,744,887 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,744,887 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,514,850 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $15,678,073 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,514,850 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $3,377,074 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,377,074 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,862,224 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $110,156 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $55,078 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $55,078 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $55,078 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,500 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $6,500 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $80,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $40,250 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $40,250 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $40,250 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $285,576 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $285,576 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $285,576 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $118,922 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $24,374 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $4,388 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $4,548 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,509 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $905 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $905 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $42,311 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $25,387 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $25,387 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $16,924 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $660 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $330 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $330 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $330 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $24,392 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $17,633 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $17,633 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,260 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $670,526 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $449,533 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $429,547 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $128,890 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,550,783 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,550,783 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,221,309 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $449,533 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $429,547 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,679,673 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$844,235 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,927,541 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,432,677 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $5,107,630 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $12,480,225 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,480,225 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $7,465,962 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $47,299,735 | CorporateStockBOYAmt |
| Corporate Stock EOY | $46,527,712 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $63,823,524 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,063 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,025 | LandBldgEquipAccumDeprecAmt |
| Land EOY | $6,038 | LandEOYAmt |
| Land EOYFMV | $6,038 | LandEOYFMVAmt |
| Other Assets EOY | $16,068 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $16,068 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $59,873,327 | TotalAssetsBOYAmt |
| Total Assets EOY | $59,030,043 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $76,325,855 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $4,128 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,079 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $4,128 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,079 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $11,442,824 | CapitalStockBOYAmt |
| Capital Stock EOY | $11,442,824 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $48,426,375 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $47,582,140 | AdditionalPaidInCapitalEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $59,869,199 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $59,024,964 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $59,873,327 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $59,030,043 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $59,869,199 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$844,235 | ExcessRevenueOverExpensesAmt |
| Subtotal | $59,024,964 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $59,024,964 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| See schedule attached-Schwab | P | 2000-01-01 | 2020-06-30 | $3,335,467 | $1,244,296 | $2,091,171 | $2,091,171 |
| See schedule attached-Schwab | P | 2019-08-07 | 2020-03-25 | $79,959 | $109,755 | -$29,796 | -$29,796 |
| See schedule attached- Northern Trust | P | 2020-01-14 | 2020-06-02 | $587,936 | $653,679 | -$65,743 | -$65,743 |
| See schedule attached- Northern Trust | P | 2019-04-12 | 2020-06-19 | $2,742,133 | $2,428,792 | $313,341 | $313,341 |
| See schedule attached-Pershing | P | 2020-02-05 | 2020-03-11 | $30,529 | $44,897 | -$14,368 | -$14,368 |
| See schedule attached-Pershing | P | 2018-10-11 | 2020-06-29 | $2,172,665 | $2,623,569 | -$450,904 | -$450,904 |
| See schedule attached- WFA | P | 2020-01-08 | 2020-04-06 | $1,707,530 | $2,076,294 | -$368,764 | -$368,764 |
| See schedule attached-WFA | P | 2017-12-05 | 2020-01-21 | $1,007,511 | $1,250,795 | -$243,284 | -$243,284 |
| See schedule attached-WFA | P | 2019-10-01 | 2019-10-03 | $1,537,396 | $1,582,143 | -$44,747 | -$44,747 |
| See schedule attached-WFA | P | 2018-01-03 | 2019-08-29 | $2,392,491 | $2,149,003 | $243,488 | $243,488 |
| Dodge & Cox- capital gain distribs. | P | 2020-01-10 | 2020-01-17 | $28,623 | $28,623 | $28,623 | |
| Dodge & Cox- capital gain distribs. | P | 2000-01-10 | 2020-01-17 | $55,833 | $55,833 | $55,833 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,514,850 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$494,795 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,573,200 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $73,823,069 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04840 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,433,536 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $74,558,104 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.03264 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,678,734 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $70,971,809 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05183 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,260,782 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $69,225,580 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04710 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,743,853 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $74,149,510 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.05049 | DistributionYr5Rt |
| Total Distribution | 0.230470 | TotalDistributionRt |
| Average Distribution | 0.046094 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $75,002,525 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,457,166 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $29,275 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,486,441 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,679,673 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $29,275 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $29,275 | SubtotalAmt |
| Tax Based On Investment Income | $29,275 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $145,644 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $145,644 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $116,369 | OverpaymentAmt |
| Applied To ES Tax | $116,369 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | theherbstfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9259447660 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 N Main St 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Melvyn I Mark | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | V.P. & Director | 1.00 | $0 |
| Jerrol L Harris | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | V.P. & Director | 1.00 | $0 |
| Anthony Cameron | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | V.P. & Director | 1.00 | $0 |
| Bruce W Hart | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | President | 1.00 | $0 |
| Robert K Taylor | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | Treas. & Direct | 1.00 | $0 |
| Steven Monosson | ||||||
| 100 Bush St Ste 1710 | San Francisco | CA | 94104 | V.P. & Director | 1.00 | $0 |
| Fredric C Nelson Esq | ||||||
| 100 Bush St Ste 1710 | San Francisoc | CA | 94104 | Sec. & Director | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ClearBridge Investments LLC | |||||
| 13985 Collections Center Drive | Chicago | IL | 606930139 | Investment advisor | $75,719 |
| Stewart & Patten Co LLC | |||||
| One Post Street Ste 850 | San Francisco | CA | 94104 | Investment advisor | $54,458 |
| Wells Fargo Advisors | |||||
| 555 California St Ste 2300 | San Francisco | CA | 94104 | Investment advisor | $55,794 |
| Gardner Russo & Gardner LLC | |||||
| 223 East Chestnut Street | Lancaster | PA | 17602 | Investment advisor | $91,429 |
| RK Taylor & Associates | |||||
| 2890 North Main St 305 | Walnut Creek | CA | 94597 | CPA | $70,500 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $63,677,871 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,466,824 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $76,144,695 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $76,144,695 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,142,170 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $75,002,525 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,750,126 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,750,126 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $29,275 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $29,275 | TotalTaxAmt |
| Distributable Before Adj | $3,720,851 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,720,851 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,720,851 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,679,673 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,679,673 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $29,275 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,650,398 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,720,851 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $866,808 | UndistributedIncomePYAmt |
| Qualifying Distributions | $3,679,673 | QualifyingDistributionsAmt |
| Applied To Year1 | $866,808 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,812,865 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $907,986 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See Schedule Attached | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o 100 Bush St 1710 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | Public | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Various | GrantOrContributionPurposeTxt |
| Amt | $3,550,783 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,550,783 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Presidio Knolls School | |||||||
| 250 10th Street | San Francisco | CA | 94103 | N/A | Public | Facility improvements | $100,000 |
| Fine Arts Museum of SF | |||||||
| 50 Hagiwara Tea Garden Dr | San Francisco | CA | 94118 | N/A | Public | Facility Improvements | $500,000 |
| California College of the Arts | |||||||
| 5212 Broadway | Oakland | CA | 94618 | N/A | Public | Facility Improvements | $200,000 |
| Meals on Wheels SF | |||||||
| 1375 Fairfax Ave | San Francisco | CA | 94124 | N/A | Public | Facility Improvements | $750,000 |
| SF Conservatory of Music | |||||||
| 50 Oak St | San Francisco | CA | 94102 | N/A | Public | Facility Improvements | $666,667 |
| St Mary's Medical Center Foundation | |||||||
| 450 Stanyan St | San Francisco | CA | 94117 | N/A | Public | Facility improvements | $150,000 |
| Francisco Park Conservancy | |||||||
| PO Box 475035 | San Francisco | CA | 94147 | N/A | Public | Facility improvements | $150,000 |
| San Francisco Safehouse | |||||||
| PO Box 40369 | San Francisco | CA | 94140 | N/A | Public | Facility Improvements | $25,000 |
| Sterne School | |||||||
| 838 Kearny St | San Francisco | CA | 94108 | N/A | Public | Facility Improvements | $150,000 |
| University Corp-San Francisco State | |||||||
| 1600 Holloway Ave | San Francisco | CA | 94132 | N/A | Public | Facility Improvements | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,691,667 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $117,337 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,744,887 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,514,850 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,377,074 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,377,074 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $80,500 | Amt |
| Net Investment Income | $40,250 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $40,250 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $40,250 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Office furniture | PropertyDesc |
| Acquired | 2020-03-09 | AcquiredDt |
| Cost Or Other Basis | $7,547 | CostOrOtherBasisAmt |
| Computation Method | 200DB | ComputationMethodTxt |
| Rt | 0.2000 | Rt |
| Current Year Expense | $1,509 | CurrentYearExpenseAmt |
| Net Investment Income | $905 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $905 | AdjustedNetIncomeAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | * Mr. Taylor is the owner of a professional firm which received compensation for accounting services rendered to the Herbst Foundation, Inc. | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $12,663 | $6,625 | $6,038 | $6,038 |
| Machinery and Equipment | $1,400 | $1,400 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $6,500 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,500 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Security Deposit | Desc |
| EOY Book Value | $16,068 | EOYBookValueAmt |
| EOYFMV | $16,068 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADR fee | $1,499 | |||
| Insurance expense | $8,008 | $6,006 | $6,006 | $2,002 |
| Internet service | $2,237 | $1,118 | $1,118 | $1,119 |
| Office supplies & equipment | $3,242 | $2,918 | $2,918 | $324 |
| Postage & delivery | $1,197 | $1,077 | $1,077 | $120 |
| Printing & copying | $3,367 | $3,030 | $3,030 | $337 |
| Telephone expense | $2,658 | $2,392 | $2,392 | $266 |
| Website/Domain expense | $2,184 | $1,092 | $1,092 | $1,092 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bank custodial fees | $7,749 | $7,749 | $7,749 | $0 |
| Investment management fees | $277,399 | $277,399 | $277,399 | $0 |
| Misc bank/wire fees | $428 | $428 | $428 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| Federal excise tax | $90,000 | |||
| Filing fees | $160 | $160 | ||
| Foreign tax withheld | $19,986 | $19,986 | ||
| Payroll tax | $8,776 | $4,388 | $4,388 | $4,388 |
Comments