WOLF CHARITABLE FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WOLF CHARITABLE FOUNDATION (EIN 20-8069029)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-05
- IRS object ID
- 202133099349100533
- 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
- General Explanation Attachment
- Investments Other Schedule2
- Other Decreases Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-05T19:43:48-07:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 569670032 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capital Tax Group | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6088 Sunol Blvd Ste 111 | AddressLine1Txt |
| City | Pleasanton | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94566 | 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 | 208069029 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOLF CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WOLF | BusinessNameControlTxt |
| Phone | 4155632600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1209 ORANGE STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EUGENE WOLF | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2021-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | EUGENE | PersonFirstNm |
| Person Last | WOLF | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jonathan Yee | PreparerPersonNm |
| PTIN | P01276111 | PTIN |
| Phone | 9254527362 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| 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 | $496,534 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $23 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $23 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $23 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $2,311 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,311 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $2,311 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$21,782 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $989,185 | GrossSalesPriceAmt |
| Total Rev And Expnss | -$19,448 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,334 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $2,334 | TotalAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $3,718 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $3,718 | OtherProfFeesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $3,718 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,718 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $27,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $27,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $30,968 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,718 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $27,250 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$50,416 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,334 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $31,120 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | -$5,538 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | -$5,538 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $392,213 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $370,431 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $502,072 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $423,333 | TotalAssetsBOYAmt |
| Total Assets EOY | $364,893 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $496,534 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $423,333 | RetainedEarningBOYAmt |
| Retained Earning EOY | $364,893 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $423,333 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $364,893 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $423,333 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $364,893 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $423,333 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$50,416 | ExcessRevenueOverExpensesAmt |
| Subtotal | $372,917 | SubtotalAmt |
| Other Decreases | $8,024 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $364,893 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| WFA | P | $282,413 | $295,865 | -$13,452 | -$13,452 |
| WFA | P | $206,101 | $202,060 | $4,041 | $4,041 |
| E*TRADE | P | $431,868 | $459,299 | -$27,431 | -$27,431 |
| E*TRADE | P | $67,732 | $53,743 | $13,989 | $13,989 |
| CAPITAL GAINS DIVIDENDS | P | $1,071 | $1,071 | $1,071 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$21,782 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$21,782 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
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 |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | false | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIRECTOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4155632600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1209 ORANGE STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | 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 | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | 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 | false | BusinessHoldingsInd |
| 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EUGENE WOLF | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O PO BOX 70 | AddressLine1Txt |
| City | PLEASANTON | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94566 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Director | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $16,342 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,297 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $17,639 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $17,639 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $265 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $17,374 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $869 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $869 | MinimumInvestmentReturnAmt |
| Distributable Before Adj | $869 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $869 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $869 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $27,250 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $27,250 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $27,250 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $869 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr1 | $4,197 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,197 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $27,250 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $869 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $26,381 | RemainingDistriFromCorpusAmt |
| Total Corpus | $30,578 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $30,578 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $4,197 | ExcessFromYear1Amt |
| Excess From Current Year | $26,381 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| COPS DIRECT | ||||||
| 2400 CAMINO RAMON SUITE 105 | SAN RAMON | CA | 94583 | N/A | CHARITABLE NEEDS | $1,000 |
| LAW ENFORCEMENT LEGAL FUND | ||||||
| 2560 HUNTINGTON AVE 100 | ALEXANDRIA | VA | 22303 | N/A | CHARITABLE NEEDS | $1,000 |
| HOLOCAUST MEMORIAL MUSEUM | ||||||
| 5100 RAOUL WALLENBERG PI SW | WASHINGTON | DC | 20024 | N/A | CHARITABLE NEEDS | $5,000 |
| CHP 11-99 FDN | ||||||
| 2244 N STATE COLLEGE BLVD | FULLERTON | CA | 92831 | N/A | CHARITABLE NEEDS | $2,500 |
| HILLEL INTL | ||||||
| 800 8TH ST NW | WASHINGTON | DC | 20001 | N/A | CHARITABLE NEEDS | $250 |
| PAWS FOR PURPLE HEARTS | ||||||
| 10201 OLD REDWOOD HWY | PENN GROVE | CA | 94951 | N/A | CHARITABLE NEEDS | $1,000 |
| MESSIANIC JEWISH ALLIANCE | ||||||
| PO BOX 274 | SPRINGFIELD | PA | 19064 | N/A | CHARITABLE NEEDS | $1,000 |
| MARIN CATHOLIC | ||||||
| 675 SIR FRANCIS DRAKE BLVD | KENTFIELD | CA | 94904 | N/A | CHARITABLE NEEDS | $5,000 |
| PACIFIC BATTLESHIP CENTER | ||||||
| 250 SOUTH HARBOR BLVD | SAN PEDRO | CA | 90731 | N/A | CHARITABLE NEEDS | $1,000 |
| SAN RAFAEL POLICE ASSN | ||||||
| 1400 - 5TH AVENUE | SAN RAFAEL | CA | 94107 | N/A | CHARITABLE NEEDS | $2,500 |
| RODOLF SHALOM | ||||||
| 170 N SAN PEDRO ROAD | SAN RAFAEL | CA | 94903 | N/A | CHARITABLE NEEDS | $5,000 |
| TUNNEL FOR TOWERS FDN | ||||||
| 2361 HYLAN BLVD | STATEN ISLAND | NY | 10306 | N/A | CHARITABLE NEEDS | $1,000 |
| TIGER HAVEN | ||||||
| 237 HARVEY ROAD | KINGSTON | TN | 37763 | N/A | CHARITABLE NEEDS | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $27,250 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $23 | RelatedOrExemptFunctionIncmAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $2,311 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$21,782 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$19,448 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$19,448 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 349 | LineNumberTxt |
| Relationship Statement | INVESTMENT INCOME | RelationshipStatementTxt |
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 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | STATEMENT OF REASONABLE CAUSE:TAXPAYER TIMELY FILED A 2020 FORM 990-PF PAPER RETURN FOR THE 2020 TAXABLE YEAR END. HOWEVER, TAXPAYER RECEIVED AN IRS LETTER DATED OCTOBER 12, 2021 BEING TOLD THE 2020 RETURNS WERE NOT PROCESSED AND BEING RETURNED. THE IRS LETTER WAS NOT SENT TO THE TAXPAYER UNTIL NOVEMBER 3, 2021, WHICH WAS ALREADY PAST THE DEADLINE GIVEN TO COMPLETE AND ELECTRONICALLY FILE THE 2020 RETURNS. AS A RESULT, THE TAXPAYER REQUESTS AN ABATEMENT OF ANY PENALTIES FOR THE FOLLOWING REASONS:1)PRIOR TAX PREPARER EFIN WAS INVALIDATED WHICH FORCED RETURNS TO BE INITIALLY PAPER FILED2)TAXPAYER DID NOT RECEIVE THE IRS LETTER UNTIL AFTER THE 10 DAYS EXPIRED FOR TAXPAYER TO ELECTRONICALLY FILE THE RETURNS3)TAXPAYER PROCEEDED TO ELECTRONICALLY FILE THE TAX RETURNS AS SOON AS ADMINISTRATIVELY POSSIBLE AFTER RECEIPT OF IRS LETTER | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | STOCK | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $370,431 | BookValueAmt |
| EOYFMV | $502,072 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET MARKET FLUCTUATIONS | Desc |
| Amt | $8,024 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADVISORY FEE | $2,327 | $2,327 | $0 | $0 |
| INSURANCE | $1,000 | $1,000 | $0 | $0 |
| MARGIN INTEREST | $391 | $391 | $0 | $0 |
Comments