FACUNDO AND AMALIA BACARDIFOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
FACUNDO AND AMALIA BACARDIFOUNDATION INC (EIN 20-4763176)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-14
IRS object ID
202111349349101931
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-14T11:44:21-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204763176EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Facundo & Amalia Bacardi Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFACUBusinessNameControlTxt
Phone3052855588PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 Sunset DriveAddressLine1Txt
CityCoral GablesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFacundo L BacardiPersonNm
Person TitlePresidentPersonTitleTxt
Signature2021-05-14SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFacundo LPersonFirstNm
Person LastBacardiPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$935,619FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$38InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$38InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$38InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$10,345DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,345DividendsNetInvstIncmAmt
Dividends Adj Net Incm$10,345DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,187NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,187GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,187CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$11,570TotalRevAndExpnssAmt
Total Net Invst Incm$11,570TotalNetInvstIncmAmt
Total Adj Net Incm$10,383TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$292OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$87OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$292TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$87TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$310,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$310,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$310,292TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$87TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$310,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$298,722ExcessRevenueOverExpensesAmt
Net Investment Income$11,483NetInvestmentIncomeAmt
Adjusted Net Income$10,383AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,096CashBOYAmt
Cash EOY$3,565CashEOYAmt
Cash EOYFMV$3,565CashEOYFMVAmt
Sav And Temp Cash Invst BOY$977,877SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$673,525SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$673,525SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$233,530CorporateStockBOYAmt
Corporate Stock EOY$258,245CorporateStockEOYAmt
Corporate Stock EOYFMV$258,245CorporateStockEOYFMVAmt
Other Assets BOY$176OtherAssetsBOYAmt
Other Assets EOY$284OtherAssetsEOYAmt
Other Assets EOYFMV$284OtherAssetsEOYFMVAmt
Total Assets BOY$1,214,679TotalAssetsBOYAmt
Total Assets EOY$935,619TotalAssetsEOYAmt
Total Assets EOYFMV$935,619TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,214,679NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,214,679TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$935,619TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,214,679TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$935,619TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,214,679TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$298,722ExcessRevenueOverExpensesAmt
Other Increases$19,662OtherIncreasesAmt
Subtotal$935,619SubtotalAmt
Tot Net Ast Or Fund Balances EOY$935,619TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyLoomis Sayls Global Bond Fund DistPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2018-01-01AcquiredDt
Sold2020-12-31SoldDt
Gross Sales Price$1,187GrossSalesPriceAmt
Gain Or Loss$1,187GainOrLossAmt
Gains Minus Excess Or Losses$1,187GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$1,187CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$160InvestmentIncomeExciseTaxAmt
Subtotal$160SubtotalAmt
Tax Based On Investment Income$160TaxBasedOnInvestmentIncomeAmt
Tax Due$160TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Facundo L BacardiBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3052855588PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11515 Sunset Drive PenthouseAddressLine1Txt
CityCoral GablesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Facundo L Bacardi
1515 Sunset Drive PenthouseCoral GablesFL33143President1.00$0
Elizabeth L Bacardi
1515 Sunset Drive PenthouseCoral GablesFL33143Vice President1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$242,992AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$812,052AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,055,044TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,055,044AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,826CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,039,218NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,961MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,961MinimumInvestmentReturnAmt
Tax Based On Investment Income$160TaxBasedOnInvestmentIncomeAmt
Total Tax$160TotalTaxAmt
Distributable Before Adj$51,801DistributableBeforeAdjAmt
Distributable Before Ded$51,801DistributableBeforeDedAmt
Distributable As Adjusted$51,801DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$310,000ExpensesAndContributionsAmt
Qualifying Distributions$310,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$310,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$51,801DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$197,627ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$144,155ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$91,469ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$105,344ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$105,216ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$643,811TotalExcessDistributionCyovAmt
Qualifying Distributions$310,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$51,801AppliedToCurrentYearAmt
Remaining Distri From Corpus$258,199RemainingDistriFromCorpusAmt
Total Corpus$902,010TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$197,627ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$704,383ExcessDistriCyovToNextYrAmt
Excess From Year4$144,155ExcessFromYear4Amt
Excess From Year3$91,469ExcessFromYear3Amt
Excess From Year2$105,344ExcessFromYear2Amt
Excess From Year1$105,216ExcessFromYear1Amt
Excess From Current Year$258,199ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Educate for Tomorrow
1000 Brickell Avenue Ste 1020MiamiFL33131NonePCEducation$10,000
Palmer Trinity School
8001 SW 184 StreetMiamiFL33157NonePCEducation$100,000
Emory University
1762 Clifton Road NE Suite 1400AtlantaGA30322NonePCEducation$200,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$310,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$38ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,345ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,187RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,383ExclusionAmt
Related Or Exempt Function Incm$1,187RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,570TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

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

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescAccrued incomeDesc
BOY Book Value$176BOYBookValueAmt
EOY Book Value$284EOYBookValueAmt
EOYFMV$284EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$15$15
Excise Tax$205
Foreign Taxes$11$11
Licenses$61$61

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