STONE STEPS FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
STONE STEPS FOUNDATION (EIN 85-2108142)
Tax period
2020-06-23 to 2020-12-31
Filed
2021-11-09
IRS object ID
202113139349102426
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)
Return2021-11-09T20:12:59-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222869788PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEPHEN KARPA CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1123 SOUTH AVE EAST STE 301AddressLine1Txt
CityWESTFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP070901577ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-06-23TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN852108142EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STONE STEPS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTONBusinessNameControlTxt
Phone7605338433PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12033 SAN ELIJO AVE 301AddressLine1Txt
CityCARDIFFCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKAREN PATERSONPersonNm
Person TitlePRES/DIRPersonTitleTxt
Phone7605338433PhoneNum
Signature2021-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKARENPersonFirstNm
Person LastZAHN PATERSONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN KARPA CPAPreparerPersonNm
PTINP00181706PTIN
Phone7323960515PhoneNum
Preparation2021-11-09PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,537,233FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$1,845DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,845DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$5,239NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,239GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,239CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$7,088TotalRevAndExpnssAmt
Total Net Invst Incm$7,088TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$1,992OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,992OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$285OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$285OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,277TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,992TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$285TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,277TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,992TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$285TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,811ExcessRevenueOverExpensesAmt
Net Investment Income$5,096NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$43,715CashEOYAmt
Cash EOYFMV$43,715CashEOYFMVAmt
Sav And Temp Cash Invst EOY$1,180,456SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,180,722SavAndTempCashInvstEOYFMVAmt
US Government Obligations EOY$100,000USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$100,824USGovtObligationsEOYFMVAmt
Corporate Stock EOY$200,000CorporateStockEOYAmt
Corporate Stock EOYFMV$211,972CorporateStockEOYFMVAmt
Total Assets EOY$1,524,171TotalAssetsEOYAmt
Total Assets EOYFMV$1,537,233TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY$1,524,171NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY$1,524,171TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,524,171TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$4,811ExcessRevenueOverExpensesAmt
Other Increases$1,519,360OtherIncreasesAmt
Subtotal$1,524,171SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,524,171TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$5,239CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$71InvestmentIncomeExciseTaxAmt
Subtotal$71SubtotalAmt
Tax Based On Investment Income$71TaxBasedOnInvestmentIncomeAmt
Tax Due$71TaxDueAmt

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 StateCAOrgReportOrRegisterStateCd
Org Report Or Register StateNVOrgReportOrRegisterStateCd
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
Individual With BooksKAREN PATERSONIndividualWithBooksNm
Phone7605338433PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12033 SAN ELIJO AVE 301AddressLine1Txt
CityCARDIFFCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92007ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KAREN PATERSON
2033 SAN ELIJO AVE 301CARDIFFCA92007PRES/DIR20.00$0$0$0
DANIEL NEUKOMM
2033 SAN ELIJO AVE 301CARDIFFCA92007SEC/TRSR/DIR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$73,500AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$714,284AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$787,784TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$787,784AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,817CashDeemedCharitableAmt
Net Vl Noncharitable Assets$775,967NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,353MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,353MinimumInvestmentReturnAmt
Tax Based On Investment Income$71TaxBasedOnInvestmentIncomeAmt
Total Tax$71TotalTaxAmt
Distributable Before Adj$20,282DistributableBeforeAdjAmt
Distributable Before Ded$20,282DistributableBeforeDedAmt
Distributable As Adjusted$20,282DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$285ExpensesAndContributionsAmt
Qualifying Distributions$285QualifyingDistributionsAmt
Adjusted Qualifying Distri$285AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,282DistributableAsAdjustedAmt
Qualifying Distributions$285QualifyingDistributionsAmt
Applied To Current Year$285AppliedToCurrentYearAmt
Undistributed Income CY$19,997UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ACUMENBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line140 WORTH ST 303AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPC-PUBL CHARRecipientFoundationStatusTxt
Grant Or Contribution PurposeTACKLING GLOBAL POVERTYGrantOrContributionPurposeTxt
Amt$750,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$750,000TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,845ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$5,239ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$7,088ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,088TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COLUMBIA SMALL CAP GROWTH FUND$100,000$102,558
BARON EMERGING MKTS FUND$100,000$109,414

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$100,000StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$100,824StateLocalSecEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
POSTAGE & SHIPPING$270$270
BANK FEES$15$15

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescTRANSFERS FROM MOXIE FOUNDATION-SEE FOOTNOTESDesc
Amt$1,519,360Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MGMT-US BANKCategoryTxt
Amt$1,992Amt
Net Investment Income$1,992NetInvestmentIncomeAmt

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