CHESTNUT FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CHESTNUT FOUNDATION (EIN 46-3001070)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202133169349105158
- 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
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T17:37:00-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1925 CENTURY PARK E 16TH FLOOR | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | 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 | 463001070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHESTNUT FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHES | BusinessNameControlTxt |
| Phone | 3102805015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 WEST 92ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BENJAMIN KEST | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3102805015 | PhoneNum |
| Signature | 2021-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BENJAMIN | PersonFirstNm |
| Person Last | KEST | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELIZA MINASSIAN | PreparerPersonNm |
| PTIN | P00729023 | PTIN |
| Phone | 3102732501 | PhoneNum |
| Preparation | 2021-11-09 | PreparationDt |
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 | $10,551,321 | 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 | $1,235,231 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $27 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $27 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $193,977 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $193,977 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $209,338 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,806,384 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $209,338 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $16,454 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $11,100 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,655,027 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $414,442 | 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 |
| Pension Empl Bnft Rev And Expnss | $92,743 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $46,371 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $46,372 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $17,763 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,881 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $8,882 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $250 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $250 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $10,164 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,582 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $3,582 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $126,543 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $125,506 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $456 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $247,463 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $184,590 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $59,292 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $445,800 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $445,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $693,263 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $184,590 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $505,092 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $961,764 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $229,852 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | -$21,708 | CashBOYAmt |
| Cash EOY | $148,492 | CashEOYAmt |
| Cash EOYFMV | $148,492 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $273,048 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $491,694 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $491,694 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $7,732,655 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $8,306,145 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,449,611 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $462,096 | OtherAssetsBOYAmt |
| Other Assets EOY | $461,524 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $461,524 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,446,091 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,407,855 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,551,321 | 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 | $8,446,091 | RetainedEarningBOYAmt |
| Retained Earning EOY | $9,407,855 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,446,091 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,407,855 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,446,091 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,407,855 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,446,091 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $961,764 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $9,407,855 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,407,855 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| EXCELSIOR OPPORTUNITY FUND | P | $36 | $36 | $36 | |
| EXCELSIOR OPPORTUNITY FUND | P | -$39,719 | -$39,719 | $39,719 | |
| POETIC HOLDING V LLC | P | -$1,357 | -$1,357 | $1,357 | |
| POETIC HOLDING VII LLC | P | $5,807 | $5,807 | $5,807 | |
| TD AMERITRADE - 2587 | P | $3,123,901 | $63,442 | $63,442 | $3,060,459 |
| TD AMERITRADE - 2587 | P | $6,627,052 | $131,541 | $131,541 | $6,495,511 |
| TD AMERITRADE - 2587 | P | $325 | $325 | $325 | |
| CAPITAL GAINS DIVIDENDS | P | $49,263 | $49,263 | $49,263 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $209,338 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,195 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,195 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,195 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $12,945 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $7,500 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $20,445 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $17,250 | OverpaymentAmt |
| Applied To ES Tax | $17,250 | 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 | NV | 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 | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENJAMIN KEST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3102805015 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 WEST 92ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | 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 | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| BENJAMIN KEST | ||||||||
| 317 WEST 92ND STREET | NEW YORK | NY | 10025 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| ASHER KEST | ||||||||
| 317 WEST 92ND STREET | NEW YORK | NY | 10025 | TREASURER | 2.00 | $0 | $0 | $0 |
| RACHEL LORBER | ||||||||
| 317 WEST 92ND STREET | NEW YORK | NY | 10025 | SECRETARY | 2.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARISA KEST | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 317 WEST 92ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | OFFICE MANAGER | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 20.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $92,743 | CompensationAmt |
| Employee Benefits | $0 | EmployeeBenefitsAmt |
| Expense Account | $0 | ExpenseAccountAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $8,040,069 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $405,178 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $697,021 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,142,268 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,142,268 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $137,134 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,005,134 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $450,257 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $450,257 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,195 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $178 | IncomeTaxAmt |
| Total Tax | $3,373 | TotalTaxAmt |
| Distributable Before Adj | $446,884 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $446,884 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $446,884 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $505,092 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $505,092 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $505,092 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $446,884 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $55,362 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $505,092 | QualifyingDistributionsAmt |
| Applied To Year1 | $55,362 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $446,884 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,846 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,846 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,846 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $2,846 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BENJAMIN KEST | ContributingManagerNm |
| Contributing Manager | ASHER KEST | ContributingManagerNm |
| Contributing Manager | RACHEL LORBER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN FRIENDS OF YESHIVA DMIR | |||||||
| 5227 NEW UTRECHT AVE | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,000 |
| BETH JACOB PTA | |||||||
| 9030 W OLYMPIC BLVD | BEVERLY HILLS | CA | 90211 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $21,000 |
| BIKUR CHOLIM OF MANHATTAN | |||||||
| 320 RIVERSIDE DR | NEW YORK | NY | 10025 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,200 |
| CHABAD FAMILY PROGRAMS | |||||||
| 166 W 97TH ST | NEW YORK | NY | 10025 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,300 |
| CHAI LIFELINE | |||||||
| 151 WEST 30TH ST | NEW YORK | NY | 10001 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $400 |
| CONG AHAVAS TORAH V'CHESED | |||||||
| 1425 RHAWN ST | PHILADELPHIA | PA | 19111 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $13,000 |
| CONG AHAVATH CHESED | |||||||
| 8727 SAN JOSE BLVD | JACKSON | FL | 32217 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $62,000 |
| CONG CHAKAL YITZCHOK | |||||||
| 1462 56TH ST | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $9,500 |
| CONG MIKDASH DOVID | |||||||
| 2 HILLTOP LN | MONSEY | NY | 10952 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $25,000 |
| CONG MISHKAN TECHESKEL | |||||||
| 1575 50TH ST STE 4 | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000 |
| CONG YESHIVA MERKAZ HATORAH (RJJ) | |||||||
| 400 CASEWELL AVE | STATEN ISLAND | NY | 10314 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| GAN ALIYA | |||||||
| 131 W 86TH ST | NEW YORK | NY | 10024 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,000 |
| GAN YISROEL | |||||||
| 3909 15TH AVE | BROOKLYN | NY | 11218 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $25,000 |
| HASHEVAYNU | |||||||
| 144-49 72ND DR | QUEENS | NY | 11367 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $23,000 |
| INSTITUTE FOR DAYANIM | |||||||
| 25520 COLLEEN ST | OAK PARK | MI | 48237 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $200 |
| MEICHAL AVROHOM D'BINYAN DOVID | |||||||
| 317 WEST 92ND ST | NEW YORK | NY | 10025 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| MOSDOS VIZNITZ | |||||||
| 5314 16TH AVE PMB 171 | BROOKLYN | NY | 11204 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $250 |
| OUR JEWISH CHILDREN INC | |||||||
| 14737 70TH AVE | FLUSHING | NY | 11367 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $250 |
| PROJECT LEND A HAND INC | |||||||
| 1102 AVENUE L | BROOKLYN | NY | 11230 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| SHEMESH ZTADUKAH DBA KOL ARYE | |||||||
| 7 VAYOEL MOSHE CT 303 | MONROE | NY | 10950 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100 |
| THE MANHATTAN CHILDRENS CENTER | |||||||
| 111 W 92ND ST | NEW YORK | NY | 10025 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100 |
| WEST SIDE HATZOLOH | |||||||
| 131 W 86TH ST | NEW YORK | NY | 10024 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $6,000 |
| YESHIVA ADERES HATORAH | |||||||
| 953 E 10TH ST | BROOKLYN | NY | 11230 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,500 |
| YESHIVA MIR YERUSHALAYIM | |||||||
| 5227 NEW UTRECHT AVE | BROOKLYN | NY | 11219 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| YESHIVA OHAVEI TORAH | |||||||
| 450 W 250TH ST | BRONX | NY | 10471 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $95,000 |
| YESHIVA OHAVEI TORAH | |||||||
| 450 W 250TH ST | BRONX | NY | 10471 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $75,000 |
| YESHIVA UNIVERSITY | |||||||
| 500 W 185TH ST | NEW YORK | NY | 10033 | NONE | PUBLIC CHARITY | PUBLIC SUPPORT OF ORGANIZATION MISSION | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $445,800 | 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 | $27 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $193,977 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,354 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $209,338 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| EXCELSIOR OPPORTUNITY FUND LP - ROYALTIES | 15 | $3 |
| EXCELSIOR OPPORTUNITY FUND LP - ORDINARY | 15 | $11,097 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $419,796 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $419,796 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| KEST 2009 CHARITABLE LEAD ANNUITY TRUST # 4 | ||||||
| 1 | 5150 OVERLAND AVE | CULVER CITY | CA | 90230 | $765,396 | Yes (X) |
| BENJAMIN KEST | ||||||
| 2 | 5150 OVERLAND AVE | CULVER CITY | CA | 90230 | $469,835 | Yes (X) |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (23 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| POETIC HOLDINGS V LLC | AT COST | $50,221 | $50,221 |
| POETIC HOLDINGS VII LLC | AT COST | $158,481 | $158,481 |
| K PRIME 18 LLC | AT COST | $26,795 | $26,795 |
| ANGEL OAK MULTI-STRATEGY INCOME INSTL | AT COST | $412,250 | $426,198 |
| DOUBLELINE CORE FIXED INCOME FUND CLASS I | AT COST | $804,451 | $827,656 |
| DOUBLINE SHILLER ENHANCED CAP CL I | AT COST | $541,336 | $698,980 |
| EUROPACIFIC GROWTH FUND CLASS F3 | AT COST | $289,943 | $417,944 |
| FID INTERMED BOND | AT COST | $1,039,338 | $1,036,820 |
| FIDELITY 500 INDEX FUND | AT COST | $1,755,053 | $2,115,358 |
| GUGGENHEIM TOTAL RETURN BOND FUND INSTITUTIONAL CLASS | AT COST | $738,039 | $757,533 |
| ISHARES MBS ETF | AT COST | $96,655 | $96,804 |
| MFS INTERNATIONAL GROWTH FD CL I | AT COST | $307,471 | $378,826 |
| MFS NEW DISCOVERY VALUE FUND CL I | AT COST | $120,915 | $164,343 |
| INVESCO DEVELOPING MARKETS FUND CLASS R6 | AT COST | $67,466 | $104,338 |
| INVESCO DEVELOPING MARKETS FUND CLASS Y | AT COST | $141,025 | $198,782 |
| PIMCO INCOME FUND CLASS I | AT COST | $483,927 | $513,943 |
| JP MORGAN LARGE-CAP GROWTH FUND SELECT CLASS | AT COST | $401,070 | $480,878 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | AT COST | $212,561 | $212,242 |
| SCHWAB SMALL CAP INDEX SELECT SHS | AT COST | $139,677 | $147,800 |
| THORNBURG LTD TERM INCOME INSTITUTIONAL | AT COST | $1,933 | $2,008 |
| T. ROWE PRICE QM US SMALL CAP GR EQ I | AT COST | $128,702 | $160,823 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | AT COST | $253,149 | $322,397 |
| HEALTH CARE SELECT SECTOR SPDR FUND | AT COST | $135,687 | $150,441 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDEND RECEIVABLE | $2,096 | $1,524 | $1,524 |
| LOAN RECEIVABLE | $460,000 | $460,000 | $460,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCELSIOR OPPORTUNITY FUND LP - ROYALTY LOSS | $1 | $1 | $0 |
| FOREIGN TAXES | $531 | $531 | $0 |
| INVESTMENT EXPENSE | $325 | $325 | $0 |
| INVESTMENT MANAGEMENT FEES | $42,865 | $42,865 | $0 |
| LICENSE & FEES | $99 | $0 | $99 |
| NONDEDUCTIBLE EXPENSES FROM PASSHTROUGH | $88 | $0 | $0 |
| PASSTHROUGH INVESTMENT INTEREST EXPENSE | $1,466 | $1,466 | $0 |
| PAYROLL PROCESSING FEE | $714 | $357 | $357 |
| PENALTIES | $493 | $0 | $0 |
| POETIC HOLDING V LLC- LOSS | $215 | $215 | $0 |
| POETIC HOLDING VII LLC- LOSS | $6,458 | $6,458 | $0 |
| TAX-EXEMPT INTEREST INCOME | -$15 | -$15 | $0 |
| K PRIME 18 LLC - LOSS | $73,303 | $73,303 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| EXCELSIOR OPPORTUNITY FUND | $5,354 | $0 | $5,354 |
| EXCELSIOR OPPORTUNITY FUND LP - ROYALTIES | $3 | $3 | $3 |
| EXCELSIOR OPPORTUNITY FUND LP - ORDINARY | $11,097 | $11,097 | $11,097 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $17,763 | Amt |
| Net Investment Income | $8,881 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,882 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAXES | $3,000 | $0 | $0 |
| PAYROLL TAXES | $7,164 | $3,582 | $3,582 |