FUHRMAN FAMILY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FUHRMAN FAMILY FOUNDATION (EIN 46-1579112)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202113199349104456
- 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
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T12:28:10-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 TIMES SQUARE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10036 | 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 | 461579112 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUHRMAN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUHR | BusinessNameControlTxt |
| Phone | 2125186682 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO GLENN FUHRMAN 640 PARK AVE 11FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10065 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GLENN FUHRMAN | PersonNm |
| Person Title | PRESIDENT/ TREASURER | PersonTitleTxt |
| Phone | 2125186682 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GLENN | PersonFirstNm |
| Person Last | FUHRMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 2123721000 | PhoneNum |
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 | $27,583,401 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $7,038,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $5,233 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,233 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $12,901 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,901 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,632,177 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $201,207 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,630,951 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,237,529 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,020,026 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $10,925,840 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,669,111 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $9,989 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $9,989 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $21,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $10,750 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $26,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,905 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,905 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $62,394 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,750 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $25,644 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,799,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,424,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,861,394 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,750 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,449,644 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $9,064,446 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,658,361 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,194,231 | CashBOYAmt |
| Cash EOY | $3,506,245 | CashEOYAmt |
| Cash EOYFMV | $3,506,245 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,617,120 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,551,030 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,551,030 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $14,500 | AcctRcvblAmt |
| Acct Rcvbl EOY | $14,500 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $14,500 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $124,113 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,162,113 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,368,479 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $9,183,666 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,050,582 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $14,142,076 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $663 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,071 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,071 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $13,119,793 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,285,541 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $27,583,401 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $13,119,793 | RetainedEarningBOYAmt |
| Retained Earning EOY | $22,285,541 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,119,793 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,285,541 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $13,119,793 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,285,541 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,119,793 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $9,064,446 | ExcessRevenueOverExpensesAmt |
| Other Increases | $101,302 | OtherIncreasesAmt |
| Subtotal | $22,285,541 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $22,285,541 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| L-T CAPITAL GAIN THRU CORAL ROCK INVESTMENTS LP K-1 | D | 2020-12-31 | 2020-12-31 | $35,334 | $35,334 | ||
| S-T CAPITAL GAIN THRU MSD MULTI-STRATEGY LP K-1 | D | 2020-12-31 | 2020-12-31 | $876 | $876 | ||
| L-T CAPITAL GAIN THRU MSD PRIVATE CREDIT OPPORTUNITY FUND LP K-1 | D | 2020-12-31 | 2020-12-31 | $10,573 | $10,573 | ||
| S-T CAPITAL GAIN THRU MSD PRIVATE CREDIT OPPORTUNITY FUND LP K-1 | D | 2020-12-31 | 2020-12-31 | $161,337 | $161,337 | ||
| L-T CAPITAL GAIN THRU MSD WCG PARTNERS LP K-1 | P | 2020-12-31 | 2020-12-31 | $2,493,607 | $2,493,607 | ||
| UBTI FROM MSD PRIVATE CREDIT OPPORTUNITY FUND LP (STCG) | P | 2020-12-31 | 2020-12-31 | -$1,226 | -$1,226 | ||
| L-T CAPITAL LOSS ON SALE OF MSD MULTI-STRATEGY LP K-1 | D | 2020-12-31 | 2020-12-31 | -$30,757 | -$30,757 | ||
| PUBLICLY TRADED SECURITIES | P | -$38,793 | -$38,793 | $201,207 | $240,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,630,951 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $50,851 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $50,851 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $50,851 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $58,839 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $5,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $63,839 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $12,988 | OverpaymentAmt |
| Applied To ES Tax | $12,988 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DE | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | GLENN FUHRMAN | IndividualWithBooksNm |
| Phone | 2125186682 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O GLENN FUHRMAN 640 PARK AVE 11TH | AddressLine1Txt |
| Address Line2 | FL | AddressLine2Txt |
| City | NY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10065 | 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 | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| GLENN R FUHRMAN | |||||||||
| C/O GLENN FUHRMAN 640 PARK AVE 11TH | FL | NEW YORK | NY | 10065 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 |
| AMANDA FUHRMAN | |||||||||
| C/O GLENN FUHRMAN 640 PARK AVE 11TH | FL | NEW YORK | NY | 10065 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| ERIC LANE | |||||||||
| C/O GLENN FUHRMAN 640 PARK AVE 11TH | FL | NEW YORK | NY | 10065 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| LAURA TWERSKY | |||||||||
| C/O GLENN FUHRMAN 640 PARK AVE 11TH | FL | NEW YORK | NY | 10065 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RISA DANIELS | |||||||||
| C/O GLENN FUHRMAN 640 PARK AVE 11TH | FL | NEW YORK | NY | 10065 | SECRETARY | 1.00 | $0 | $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 |
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 | $647,065 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,702,652 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $14,397,219 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $21,746,936 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $21,746,936 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $326,204 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,420,732 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,071,037 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,071,037 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $50,851 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $18,230 | IncomeTaxAmt |
| Total Tax | $69,081 | TotalTaxAmt |
| Distributable Before Adj | $1,001,956 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $100,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,101,956 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,101,956 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,449,644 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,449,644 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,449,644 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,101,956 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $262,267 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,006,186 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,038,679 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,417,352 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,823,456 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,547,940 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,449,644 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,101,956 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $347,688 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $7,895,628 | 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 | $262,267 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,633,361 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,006,186 | ExcessFromYear4Amt |
| Excess From Year3 | $1,038,679 | ExcessFromYear3Amt |
| Excess From Year2 | $2,417,352 | ExcessFromYear2Amt |
| Excess From Year1 | $2,823,456 | ExcessFromYear1Amt |
| Excess From Current Year | $347,688 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | GLENN R FUHRMAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 92ND STREET Y | |||||||
| 1395 LEXINGTON AVENUE | NEW YORK | NY | 10128 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $300,000 |
| AMERICAS FOUNDATION OF THE SERPENTINE GALLERIES | |||||||
| PO BOX 1510 | NEW YORK | NY | 10150 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| BARD COLLEGE | |||||||
| CAYMUS ROAD PO BOX 5000 | ANNANDALE ON THE HUDSO | NY | 12504 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $100,000 |
| BARNARD COLLEGE | |||||||
| 3009 BROADWAY | NEW YORK | NY | 10027 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| BROOKLYN MUSEUM | |||||||
| 200 EASTERN PARKWAY | BROOKLYN | NY | 11238 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $15,000 |
| CENTRAL PARK CONSERVANCY | |||||||
| 14 E 60TH STREET | NEW YORK | NY | 10022 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $25,000 |
| CENTRAL SYNAGOGUE | |||||||
| 123 EAST 55TH STREET | NEW YORK | NY | 10022 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $36,000 |
| CHILDRENS MUSEUM OF THE EAST END INC | |||||||
| PO BOX 316 | BRIDGEHAMPTON | NY | 11932 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| EDIBLE SCHOOLYARD NYC | |||||||
| 20 JAY STREET SUITE M9 | BROOKLYN | NY | 11201 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $50,000 |
| ELEANOR WHITMORE EARLY CHILDHOOD CENTER INC | |||||||
| PO BOX 63 | EAST HAMPTON | NY | 11937 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| GUILD HALL OF EAST HAMPTON INC | |||||||
| 158 MAIN STREET | EAST HAMPTON | NY | 11937 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $5,000 |
| HARLEM CHILDREN'S ZONE INC | |||||||
| 35 E 125TH STREET | NEW YORK | NY | 10035 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $150,000 |
| NEW YORK FOUNDATION FOR THE ARTS INC | |||||||
| 20 JAY STREET SUITE 740 | BROOKLYN | NY | 11201 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| NEW YORK ROAD RUNNERS INC | |||||||
| 156 WEST 56TH STREET | NEW YORK | NY | 10019 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $100,000 |
| PROSTATE CANCER FOUNDATION | |||||||
| 1250 FOURTH STREET | SANTA MONICA | CA | 90401 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| PUBLIC ART FUND INC | |||||||
| ONE EAST 53RD STREET NO 12 FL | NEW YORK | NY | 10022 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $155,000 |
| TATE AMERICAS FOUNDATION | |||||||
| 520 WEST 27TH STREET UNIT 404 | NEW YORK | NY | 10001 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $38,000 |
| THE FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION | |||||||
| C/O GLENN FUHRMAN 640 PARK AVE 11FL | NEW YORK | NY | 10065 | NONE | POF | THE FLAG AWARD FOR TEACHING EXCELLENCE PROGRAM | $375,000 |
| THE INSTITUTE OF CONTEMPORARY ART INC | |||||||
| 25 HARBOR SHORE DRIVE | BOSTON | MA | 02210 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $10,000 |
| THE JEWISH MUSEUM | |||||||
| 1109 5TH AVENUE | NEW YORK | NY | 10128 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $50,000 |
| THE PARISH ART MUSEUM | |||||||
| 279 MONTAUK HIGHWAY | WATER MILL | NY | 11976 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $110,000 |
| THE SPENCE SCHOOL | |||||||
| 22 E 91ST STREET | NEW YORK | NY | 10128 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $40,000 |
| UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NY INC | |||||||
| 130 E 59TH ST | NEW YORK | NY | 10022 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $150,000 |
| WHITNEY MUSEUM OF AMERICAN ART | |||||||
| 99 GANSEVOORT ST | NEW YORK | NY | 10014 | NONE | PC | FOR DONEE'S EXEMPT PURPOSE | $30,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,799,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,233 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,901 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,226 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,630,951 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (9 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| CORAL ROCK PARTNERS LP | 14 | $9,626 | ||
| JNE FUND LP | 14 | -$328 | ||
| MSD AQUA PARTNRES LP | 14 | $628,815 | ||
| MSD MULTI-STRATEGY LP | 14 | $96,334 | ||
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP | 14 | $269,625 | 525990 | $44,674 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | 14 | $30,757 | ||
| MSD RING PARTNERS LP | 14 | -$11,604 | 525990 | $172,813 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | 14 | -$91 | ||
| MSD WCG PARTNERS LP | 14 | -$3,092 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $218,713 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,669,127 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,887,840 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLENN FUHRMAN | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 640 PARK AVE 11FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10065 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $7,038,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 100,000 SHS DELL TECHNOLOGIES, INC | NoncashPropertyDesc |
| Fair Market Value | $7,038,000 | FairMarketValueAmt |
| Received | 2020-12-07 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $21,500 | Amt |
| Net Investment Income | $10,750 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $10,750 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FLAG FOUNDATION FOR EXCELLENCE IN EDUCATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O 640 PARK AVENUE 11 FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10065 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2020-05-21 | GrantDt |
| Grant | $375,000 | GrantAmt |
| Purpose Of Grant | THE FLAG AWARD FOR TEACHING EXCELLENCE PROGRAM. | PurposeOfGrantTxt |
| Expended By Grantee | $375,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO PART OF THE GRANT WAS USED FOR OTHER THAN CHARITABLE PURPOSES. | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | FINANCIAL & PROGRESS REPORTS RECEIVED 12/31/20. | DatesOfReportsByGranteeTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 1,303 SHS AQUABOUNTY TECHNOLOGIES INC. | $16,418 | $11,414 |
| 100,000 SHS DELL TECHNOLOGIES INC. | $7,038,000 | $7,329,000 |
| 11,137 SHS ZIOPHARM ONCOLOGY INC. | $107,695 | $28,065 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CORAL ROCK INVESTMENTS LP | FMV | $278,172 | $122,137 |
| JNE FUND LP | FMV | $240,018 | $289,797 |
| MSD AQUA PARTNERS LP | FMV | $2,027,568 | $4,088,211 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP | FMV | $5,066,824 | $5,272,310 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | FMV | $201,786 | $204,642 |
| MSD RING PARTNERS LP | FMV | $495,718 | $3,466,086 |
| MSD WCG PARTNERS LP | FMV | $134,107 | $1,787 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | FMV | $356,389 | $447,106 |
| SHORE VENTURES III LP | FMV | $250,000 | $250,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $9,989 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,989 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE FROM PARTNERSHIPS | Desc |
| BOY Book Value | $663 | BOYBookValueAmt |
| EOY Book Value | $1,071 | EOYBookValueAmt |
| EOYFMV | $1,071 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADVERTISING & MARKETING | $47 | $0 | $47 |
| BANK CHARGES & FEES | $240 | $0 | $240 |
| DE E-CORP TAX | $25 | $0 | $25 |
| DUES & SUBSCRIPTIONS | $397 | $0 | $397 |
| INSURANCE | $2,774 | $0 | $2,774 |
| NYS DEPT OF LAW | $750 | $0 | $750 |
| OFFICE SUPPLIES & SOFTWARE | $534 | $0 | $534 |
| OTHER EXPENSES | $138 | $0 | $138 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CORAL ROCK PARTNERS LP | $9,626 | $9,626 | $9,626 |
| JNE FUND LP | -$328 | -$328 | -$328 |
| MSD AQUA PARTNRES LP | $628,815 | $628,815 | $628,815 |
| MSD MULTI-STRATEGY LP | $96,334 | $96,318 | $96,334 |
| MSD PRIVATE CREDIT OPPORTUNITY FUND LP | $314,299 | $269,625 | $314,299 |
| MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP | $30,757 | $30,757 | $30,757 |
| MSD RING PARTNERS LP | $161,209 | -$11,604 | $161,209 |
| MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP | -$91 | -$91 | -$91 |
| MSD WCG PARTNERS LP | -$3,092 | -$3,092 | -$3,092 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRIOR PERIOD ADJUSTMENT | $1,302 |
| PRIOR YEAR CHECK NOT CASHED | $100,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $26,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |