BETA

NATIONAL CHARITABLE ENDOWMENT INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NATIONAL CHARITABLE ENDOWMENT INC (EIN 82-2958346)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202123199349326727
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T17:48:20-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUEAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281633ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN822958346EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL CHARITABLE ENDOWMENT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone2032029446PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 OLD KINGS HIGHWAY SOUTH FLOOR 2AddressLine1Txt
CityDARIENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06820ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOMINIC NAPOLITANOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2032029446PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDOMINICPersonFirstNm
Person LastNAPOLITANOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone9143818900PhoneNum
Preparation2021-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDOMINIC NAPOLITANOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 OLD KINGS HIGHWAY SOUTH FLOOR 2AddressLine1Txt
CityDARIENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06820ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$21,517,643GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NATIONALCHARITABLE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionNATIONAL CHARITABLE ENDOWMENT'S MISSION IS TO SERVE AND SUPPORT OTHERS THROUGH ITS ROLE AS AN INDEPENDENT SPONSOR OF DONOR ADVISED FUNDS BY PROVIDING AN EASY, EFFECTIVE, AND LOW COST SOLUTION FOR ESTABLISHING GIVING PROGRAMS TO QUALIFIED CHARITABLE ORGANIZATIONS THROUGHOUT THE UNITED STATES OF AMERICA.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$641,095TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$613,764NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$13,284,722PYContributionsGrantsAmt
CY Contributions Grants$15,004,188CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,179,097PYInvestmentIncomeAmt
CY Investment Income$938,278CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$14,463,819PYTotalRevenueAmt
CY Total Revenue$15,942,466CYTotalRevenueAmt
PY Grants And Similar Paid$397,850PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,104,080CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,041CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$42,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$12,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$12,000CYTotalFundraisingExpenseAmt
PY Other Expenses$194,603PYOtherExpensesAmt
CY Other Expenses$530,165CYOtherExpensesAmt
PY Total Expenses$634,453PYTotalExpensesAmt
CY Total Expenses$2,650,286CYTotalExpensesAmt
PY Revenues Less Expenses$13,829,366PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$13,292,180CYRevenuesLessExpensesAmt
Total Assets BOY$28,643,311TotalAssetsBOYAmt
Total Assets EOY$39,056,625TotalAssetsEOYAmt
Total Liabilities BOY$25,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$125,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$28,618,311NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$38,931,625NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionNATIONAL CHARITABLE ENDOWMENT'S MISSION IS TO SERVE AND SUPPORT OTHERS THROUGH ITS ROLE AS AN INDEPENDENT SPONSOR OF DONOR ADVISED FUNDS BY PROVIDING AN EASY, FLEXIBLE, AND COST EFFECTIVE SOLUTION FOR ESTABLISHING GIVING PROGRAMS TO QUALIFIED CHARITABLE ORGANIZATIONS THROUGHOUT THE UNITED STATES OF AMERICA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,104,080ExpenseAmt
Grant$2,104,080GrantAmt
DescNATIONAL CHARITABLE ENDOWMENT MAKES GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS THROUGHOUT THE UNITED STATES OF AMERICA.Desc
Total Program Service Expenses$2,104,080TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
DAF Excess Business Holdings0DAFExcessBusinessHoldingsInd
Taxable Distributions0TaxableDistributionsInd
Distribution To Donor0DistributionToDonorInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOMINIC NAPOLITANOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2032029446PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 OLD KINGS HIGHWAY SOUTH FLOOR 2AddressLine1Txt
CityDARIENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06820ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DOMINIC NAPOLITANO
PRESIDENT8.00Yes (X)Yes (X)$0$0$0
FRANK NAPOLITANO
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MICHAEL DOLAN
DIRECTOR0.50Yes (X)$0$0$0
SAMUEL HALPERT
DIRECTOR0.50Yes (X)$0$0$0
GINA LAVERSA
DIRECTOR0.50Yes (X)$0$0$0
KEVIN MCDONALD
DIRECTOR0.50Yes (X)$0$0$0
JASON M TAYLOR
DIRECTOR0.50Yes (X)$0$0$0
DAVID UPSON
DIRECTOR0.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$15,004,188AllOtherContributionsAmt
Noncash Contributions$11,415,555NoncashContributionsAmt
Total Contributions$15,004,188TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$995,439TotalRevenueColumnAmt
Unrelated Business Revenue$641,095UnrelatedBusinessRevenueAmt
Exclusion$354,344ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$5,518,016SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$5,575,177SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$57,161SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$57,161TotalRevenueColumnAmt
Exclusion-$57,161ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,942,466TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$641,095UnrelatedBusinessRevenueAmt
Exclusion$297,183ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,104,080TotalAmt
Program Services$2,104,080ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$4,041TotalAmt
Management And General$4,041ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,125TotalAmt
Management And General$2,125ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,630TotalAmt
Management And General$38,630ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$12,000TotalAmt
Fundraising$12,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$70,000TotalAmt
Management And General$70,000ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$19,580TotalAmt
Management And General$19,580ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,328TotalAmt
Management And General$8,328ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescUBI TAX EXPENSEDesc
Total$391,502TotalAmt
Management And General$391,502ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,650,286TotalAmt
Program Services$2,104,080ProgramServicesAmt
Management And General$534,206ManagementAndGeneralAmt
Fundraising$12,000FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$45,017BOYAmt
EOY$116,065EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$752,289BOYAmt
EOY$3,031,096EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,301BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,285BOYAmt
EOY$3,285EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,234,602BOYAmt
EOY$17,487,433EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$20,604,817BOYAmt
EOY$18,418,746EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$28,643,311BOYAmt
EOY$39,056,625EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$25,000BOYAmt
EOY$125,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$25,000BOYAmt
EOY$125,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$28,618,311BOYAmt
EOY$38,931,625EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,618,311BOYAmt
EOY$38,931,625EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,643,311BOYAmt
EOY$39,056,625EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$13,292,180ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$3,353,364NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments$374,498PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$14,457,801CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,284,722CurrentTaxYearMinus1YearAmt
Current Tax Year$15,004,188CurrentTaxYearAmt
Total$42,746,711TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$14,457,801CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,284,722CurrentTaxYearMinus1YearAmt
Current Tax Year$15,004,188CurrentTaxYearAmt
Total$42,746,711TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$29,909,561SubstantialContributorsTotAmt
Public Support Total170$12,837,150PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$58,717CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$191,759CurrentTaxYearMinus1YearAmt
Current Tax Year$354,344CurrentTaxYearAmt
Total$604,820TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$6,544CurrentTaxYearMinus2YearsAmt
Total$6,544TotalAmt
FieldValueIRS element (for citing)
Total Support$43,358,075TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationADMINISTRATION FEES - 2018 AMOUNT: $ 6,544.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held50DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$15,004,188DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$2,104,080DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$38,903,931DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg CtrlYes (1)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (1)DisclosedForCharitablePrpsInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescALTERNATIVE INVESTMENTSDesc
Book Value$18,418,746BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$18,418,746TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,519,102TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$3,353,364NetUnrealizedGainsInvstAmt
Revenue Not Reported-$3,353,364RevenueNotReportedAmt
Revenue Subtotal$15,872,466RevenueSubtotalAmt
Investment Expenses Not Incld$70,000InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$70,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$15,942,466TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,580,286TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,580,286ExpensesSubtotalAmt
Investment Expenses Not Incld2$70,000InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$70,000ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,650,286TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS SINCE ITS INCEPTION IN 2017.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (18 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
AIDS UNITED
1101 14TH STREET NW NO 300WASHINGTONDC20005521706646501(C)(3)$7,500GENERAL CHARITABLE USE
ALLEN-STEVENSON SCHOOL
132 EAST 78TH STREETNEW YORKNY10075131623878501(C)(3)$15,000GENERAL CHARITABLE USE
AMHERST COLLEGE
PO BOX 5000 CONTROLLERS OFFICEAMHERSTMA01002042103542501(C)(3)$60,000GENERAL CHARITABLE USE
BABY2BABY
5830 WEST JEFFERSON BLVD SUITE 200LOS ANGELESCA90016464503539501(C)(3)$30,000GENERAL CHARITABLE USE
BACKYARD SPORTS CARES INC
75 SOUTH BROADAY NO 453WHITE PLAINSNY10601271501217501(C)(3)$10,000GENERAL CHARITABLE USE
BIRTHRIGHT ISRAEL FOUNDATION
33 EAST 33RD STREET 7TH FLOORNEW YORKNY10016134092050501(C)(3)$45,000GENERAL CHARITABLE USE
CITY SQUASH INC
PO BOX 619 FORDHAM STATIONBRONXNY10458421535583501(C)(3)$25,000GENERAL CHARITABLE USE
COALITION FOR COLLEGE
5801 SOUTH ELLIS AVENUECHICAGOIL60637473703555501(C)(3)$50,000GENERAL CHARITABLE USE
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500SAN FRANCISCOCA94111941730465501(C)(3)$25,000GENERAL CHARITABLE USE
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
PO BOX 770001CINCINATTIOH452770001110303001501(C)(3)$1,492,000GENERAL CHARITABLE USE
GAYLORD HOSPITAL INC
PO BOX 400 GAYLORD FARM ROADWALLINGFORDCT06492060646649501(C)(3)$60,000TECHNOLOGY & PATIENT & FAMILY EXPERIENCE FUNDS
MUSEUM OF THE CITY OF NEW YORK
1220 FIFTH AVENUENEW YORKNY10029131624098501(C)(3)$20,000GENERAL CHARITABLE USE
NIGHTINGALE-BAMFORD SCHOOL
20 EAST 92ND STREETNEW YORKNY10128131106710501(C)(3)$8,000GENERAL CHARITABLE USE
PINKALOO CHARITABLE INC
301 WEST 29TH STREET SUITE 2003BALTIMOREMD21211842106872501(C)(3)$17,500GENERAL CHARITABLE USE
SANTA BARBARA MUSEUM OF NATURAL HISTORY
2559 PUESTA DEL SOLSANTA BARBARACA931052936951643378501(C)(3)$10,000GENERAL CHARITABLE USE
ST PAUL'S SCHOOL
325 PLEASANT STREETCONCORDNH03301020222227501(C)(3)$50,000GENERAL CHARITABLE USE
THE LIVING DESERT
47-900 PORTOLA AVENUEPALM DESERTCA92260953385354501(C)(3)$10,000GENERAL CHARITABLE USE
THIRD OPTION FOUNDATION
12007 SUNRISE VALLEY DRIVE NO 105RESTONVA201913479464884866501(C)(3)$20,000GENERAL CHARITABLE USE
FieldValueIRS element (for citing)
Total501c3 Org18Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationDONORS RECOMMEND GRANTS ON THE DONOR PORTAL. WHEN DOING SO, THEY ATTEST TO THE FACT THAT THE GRANT SUGGESTION MUST RECEIVE APPROVAL AND FURTHER ACKNOWLEDGE THAT, IN ACCORDANCE WITH IRS REGULATIONS, THE RECOMMENDATION DOES NOT REPRESENT THE PAYMENT OF ANY PERSONAL PLEDGE OR OTHER FINANCIAL OBLIGATION. FURTHER, THEY ATTEST THAT NO GOODS OR SERVICES OR NON-TAX-DEDUCTIBLE BENEFITS WILL BE RECEIVED BY PAYMENT OF THIS GRANT. IN ADDITION, NCE DILIGENCES ALL GRANTS AND FOR GRANTS GREATER THAN $20,000 (AND OFTEN ALSO FOR SMALLER AMOUNTS) WE FURTHER CONFIRM THE USE OF FUNDS AND TAX DEDUCTIBILITY OF THE GRANT WITH THE CHARITY. NCE RAISED FUNDS FOR A COVID DEDICATED FUND. FUNDS WERE USED TO SUPPORT THE PROGRAM ONE MILLION MASKS (COVID-19 CRISIS, 1M MASKS TO NYC HEALTHCARE WORKERS). IN ADDITION, ONE OF OUR DONORS MADE A GRANT TO THE SAME ORGANIZATION. THE ORGANIZATION PROVIDED FOLLOW UP DETAILS TO SHOW HOW FUNDS WERE USED TO ACHIEVE THIS PURPOSE. WE ALSO SAW AN UPTICK IN GRANTS MADE TO LOCAL FOOD BANKS AND SIMILAR ORGANIZATIONS BY DONORS LOOKING TO SUPPORT THEIR COMMUNITIES THROUGHOUT THE PANDEMIC.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution29ContributionCnt
Noncash Contributions Rpt F990$9,871,809NoncashContributionsRptF990Amt
Method Of Determining RevenuesAVG. SELLING PRICEMethodOfDeterminingRevenuesTxt

Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$1,543,746NoncashContributionsRptF990Amt
Method Of Determining RevenuesAPPRAISALMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2DOMINIC NAPOLITANO AND FRANK NAPOLITANO HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, PRINCIPAL, OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXCERISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION OF TOP MANAGEMENT OFFICIAL AND KEY EMPLOYEES: THE FOUNDATION DOES NOT HAVE POLICIES REGARDING COMPENSATION AS IT HAS NO EMPLOYEES. IF IT DID, IT WOULD FOLLOW THE PROCEDURES AS SET BY THE IRS FOR ESTABLISHING REASONABLE COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 23 OLD KINGS HIGHWAY SOUTH, FLOOR 2, DARIEN, CT 06820 OR BY CALLING THE ORGANIZATION DIRECTLY AT 203-202-9446.
FORM 990, PART XII, LINE 2C:THE FULL BOARD OF THE ORGANIZATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART XI, LINE 8:THE NET ASSETS FOR 12/31/2019 WERE RESTATED. THEY HAVE INCREASED DUE TO AN INCREASE IN UNREALIZED GAINS AND AN INCREASE IN THE FAIR VALUE OF SOUNDPOINT MANAGEMENT CAPITAL'S INVESTMENT. THIS RESTATEMENT RESULTED IN A PRIOR PERIOD ADJUSTMENT OF $374,498.

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