CHARLES AND LYNN SCHUSTERMAN FAMILY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CHARLES AND LYNN SCHUSTERMAN FAMILY FOUNDATION (EIN 73-1312965)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202123169349102217
- 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
- Form 990-PF
- Schedule B
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Loans From Officers Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T10:30:59-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 731312965 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charles and Lynn Schusterman Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAR | BusinessNameControlTxt |
| Phone | 9188799644 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 West 7th Street Suite 2000 | AddressLine1Txt |
| City | Tulsa | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74119 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Weil | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2021-11-12 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | David | PersonFirstNm |
| Person Last | Weil | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| 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 | $3,213,475,099 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $82,630,040 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $17,875,125 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $17,875,125 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $57,919,173 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $57,919,173 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $142,985,043 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $507,825,413 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $142,985,043 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | -$11,378,701 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$12,930,205 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $290,030,680 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $205,849,136 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $710,810 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $710,810 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $6,204,191 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $6,204,191 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $1,307,251 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,042,905 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $4,292,973 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $60,295 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $456,696 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $44,970 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $13,146,939 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,058,210 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,670,878 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $25,707,134 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,161,410 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $17,042,575 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $365,270,014 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $365,260,386 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $390,977,148 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,161,410 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $382,302,961 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$100,946,468 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $201,687,726 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $46,334,739 | CashBOYAmt |
| Cash EOY | $72,497,073 | CashEOYAmt |
| Cash EOYFMV | $72,497,073 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $0 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $117,674,039 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $117,674,039 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $10,218 | AcctRcvblAmt |
| Acct Rcvbl Allwnc Dbtfl Acct | $0 | AcctRcvblAllwncDbtflAcctAmt |
| Acct Rcvbl BOY | $37,456 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $10,218 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $10,218 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $29,380,209 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $12,230,209 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $29,380,209 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $29,380,209 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $2,169,784,334 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,987,846,177 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,993,900,210 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,144,459 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,131,109 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $58,320 | LandBOYAmt |
| Land EOY | $13,350 | LandEOYAmt |
| Land EOYFMV | $13,350 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $2,228,445,058 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,207,421,066 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,213,475,099 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $853,019 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $691,465 | AccountsPayableEOYAmt |
| Loans From Officers BOY | $57,904,424 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $137,989,424 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $58,757,443 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $138,680,889 | TotalLiabilitiesEOYAmt |
| Retained Earning BOY | $2,169,687,615 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,068,740,177 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,169,687,615 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,068,740,177 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,228,445,058 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,207,421,066 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,169,687,615 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$100,946,468 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $2,068,741,147 | SubtotalAmt |
| Other Decreases | $970 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,068,740,177 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt |
|---|---|---|---|---|---|---|
| PASSTHROUGH K-1 ST CAPITAL GAIN | P | $4,590,691 | -$4,590,691 | $0 | -$4,590,691 | |
| INVESTMENT ST CAPITAL GAIN | P | $97,096,232 | $929,301 | $0 | $929,301 | $98,025,533 |
| PASSTHROUGH K-1 LT CAPITAL GAIN | P | $105,666,516 | $0 | $105,666,516 | $105,666,516 | |
| INVESTMENT LT CAPITAL GAIN | P | $264,298,176 | $40,979,917 | $0 | $40,979,917 | $305,278,093 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $142,985,043 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,803,459 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,803,459 | SubtotalAmt |
| Tax Based On Investment Income | $2,803,459 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,063,570 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $48,590 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $2,300,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $5,412,160 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,608,701 | OverpaymentAmt |
| Applied To ES Tax | $2,608,701 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Org Report Or Register State | GA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Org Report Or Register State | OK | 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 | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.schusterman.org | WebsiteAddressTxt |
| Individual With Books | The Organization | IndividualWithBooksNm |
| Phone | 9188799644 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 West 7th Street Suite 2000 | AddressLine1Txt |
| City | Tulsa | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 741191076 | 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 | Yes (true) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | 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 | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| 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 (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Stacy Schusterman | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Chairperson | 1.000 | $0 | $0 | $0 |
| Lynn Schusterman | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Director | 1.000 | $0 | $0 | $0 |
| Lisa Eisen | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Co-President | 40.000 | $359,016 | $35,313 | $0 |
| Julie Mikuta | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Co-President | 40.000 | $351,794 | $29,032 | $0 |
| Mark Lauer | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Secretary | 1.000 | $0 | $0 | $0 |
| Janet Duffy | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Vice-President - Finance & Accounting | 1.000 | $0 | $0 | $0 |
| David Weil | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Co-President | 40.000 | $0 | $0 | $0 |
| Raquel Gozzi | ||||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Treasurer | 1.000 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|
| David Rittberg | |||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Senior Director | 40.000 | $308,527 | $0 |
| Judith Wurtzel | |||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Senior Director | 40.000 | $275,509 | $0 |
| Michael Perigo | |||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Senior Director | 40.000 | $267,490 | $0 |
| Roben Kantor | |||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Senior Director | 40.000 | $257,447 | $0 |
| Shayne Spalten | |||||||
| 110 West 7th Street | Tulsa | OK | 74119 | Director | 40.000 | $246,411 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 37 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TWC Contracting | |||||
| 12310 Pinecrest Road | Reston | VA | 20191 | Mission & Program Development Cons Svcs | $586,151 |
| Berlin Rosen Ltd | |||||
| 15 Maiden Lane | New York | NY | 10038 | Operations Consulting | $347,028 |
| Kaya Henderson Consulting | |||||
| 66 W 38th St | Ney York | NY | 10018 | Operations Consulting | $307,400 |
| Mark G Yudof | |||||
| 352 Spyglass Way | Jupiter | FL | 33477 | Grantmaking Counsel | $280,150 |
| Forum One Communications Corporation | |||||
| 2200 Mount Vernon Ave | Alexandria | VA | 22301 | Operations Consulting | $259,071 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 22 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | 0% interest bearing loan with Immito, LLC, DBA of Local Initiatives Support Corporation, to provide below market financing to help fund small businesses nationwide propel their companies and communities into the future. | Description1Txt |
| Expenses1 | $60,000,000 | Expenses1Amt |
| Description2 | 0% interest bearing loan with JCRIF, LLC, DBA of Nonprofit Finance Fund, to provide below market financing to help fund the maintaining of infrastructure of Jewish life across the United States in response to the COVID-19 crisis. | Description2Txt |
| Expenses2 | $8,000,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $9,150,000 | AllOtherProgramRltdInvstTotAmt |
| Total | $77,150,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $121,163,747 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $212,291,387 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,550,253,897 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,883,709,031 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $2,883,709,031 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $43,255,635 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,840,453,396 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $142,022,670 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $142,022,670 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,803,459 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $251,348 | IncomeTaxAmt |
| Total Tax | $3,054,807 | TotalTaxAmt |
| Distributable Before Adj | $138,967,863 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $60,000,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $198,967,863 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $198,967,863 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $382,302,961 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $77,150,000 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $459,452,961 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $459,452,961 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $198,967,863 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $9,463,137 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $12,819,761 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $36,136,088 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $58,418,986 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $459,452,961 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $198,967,863 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $260,485,098 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $318,904,084 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $318,904,084 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $9,463,137 | ExcessFromYear3Amt |
| Excess From Year2 | $12,819,761 | ExcessFromYear2Amt |
| Excess From Year1 | $36,136,088 | ExcessFromYear1Amt |
| Excess From Current Year | $260,485,098 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Lynn Schusterman Director | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Alana Hughes | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 West 7th Suite 200 | AddressLine1Txt |
| City | Tulsa | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9188799774 | RecipientPhoneNum |
| Form And Info And Materials | Online Application Required - www.schusterman.org | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Initial application form required. Potential applicants are urged to review program guidelines on the Foundation web site (www.schusterman.org) and contact Grants Coordinator with all questions about the Foundation, our application process or their proposed program before submitting an application. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | See Attached Statement | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 W 7th St Suite 2000 | AddressLine1Txt |
| City | Tulsa | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 74119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | Charitable | GrantOrContributionPurposeTxt |
| Amt | $365,260,386 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $365,260,386 | 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 | $17,875,125 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $57,919,173 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,986,240 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $141,985,043 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Federal Tax Refund | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,529 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,986,240 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $217,785,870 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $220,772,110 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| ST2008 (Delaware) Management LLC | |||||||
| 1 | 110 W 7th Street Suite 2000 | Tulsa | OK | 74119 | $75,175,040 | Yes (X) | |
| Irving Harris Foundation | |||||||
| 2 | 191 North Wacker Drive Suite 1500 | Chicago | IL | 606061899 | $40,000 | Yes (X) | |
| Stacy Schusterman Revocable Trust | |||||||
| 3 | 110 W 7th Street Suite 2000 | Tulsa | OK | 74119 | $2,500,000 | Yes (X) | |
| LSIT (Delaware) Management LLC | |||||||
| 4 | 110 W 7th Street Suite 2000 | Tulas | OK | 74119 | $4,915,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | LP Interest BDT Capital Partners Oak Co-Invest (Cayman) & Green Equity Investors VI | $96,700,000 | 2020-01-01 |
| 3 | 3,052,688 Shares of Series A & A-1 Preferred Stock Mursion, Inc. | $2,800,000 | 2020-03-30 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CSGF Senior Debt Fund LLC | $6,200,000 |
| CSGF Facility Fund III LLC | $2,300,000 |
| Collegiate Hall Charter School | $650,000 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Leasehold Improvements | PropertyDesc |
| Cost Or Other Basis | $1,144,459 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $1,176,079 | PriorYearDepreciationAmt |
| Current Year Expense | $44,970 | CurrentYearExpenseAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Limited Partnerships | AT COST | $1,787,546,886 | $2,703,849,197 |
| Miscellaneous Investments | AT COST | $57,190 | $57,190 |
| Stocks and Stock Funds | AT COST | $200,242,101 | $289,993,823 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LEASEHOLD IMPROVEMENTS | CategoryOrItemTxt |
| Cost Or Other Basis | $1,144,459 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,131,109 | AccumulatedDepreciationAmt |
| Book Value | $13,350 | BookValueAmt |
| EOYFMV | $13,350 | EOYFMVAmt |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp (2 entries)
| Balance DueBalanceDueAmt | InterestInterestRt | Loan PurposeLoanPurposeTxt |
|---|---|---|
| LSIT DM | ||
| $77,989,424 | 0.0 | Charitable |
| ST2008 DM | ||
| $60,000,000 | 0.0 | Charitable |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MARK TO MARKET UNREALIZED GAIN/(LOSS) | Desc |
| Amt | $970 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Administrative Overhead | $4,836,863 | $0 | $0 | $4,608,716 |
| Investment Expenses | $3,114,960 | $3,058,210 | $0 | $0 |
| Consultants | $5,195,116 | $0 | $0 | $5,062,162 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Passthrough K-1 Other Income | -$11,385,330 | -$12,930,305 | $0 |
| Investment Other Income | $100 | $100 | $0 |
| Federal Tax Refund | $6,529 | $0 | $0 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Various 501(c)(3) Entities | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $29,380,209 | BalanceDueAmt |
| Interest | 0 | InterestRt |
| Consideration FMV | $29,380,209 | ConsiderationFMVAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Foreign Tax | $60,295 | $60,295 | $0 | $0 |
| Payroll Tax | $456,696 | $0 | $0 | $456,696 |
| State Tax | $25,982 | $0 | $0 | $0 |
| Federal Taxes Paid | $3,750,000 | $0 | $0 | $0 |
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