J C KELLOGG FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- J C KELLOGG FOUNDATION (EIN 13-6092448)
- Tax period
- 2019-09-01 to 2020-08-31
- Filed
- 2021-07-07
- IRS object ID
- 202141889349100414
- Schema version
- 2019v5.2
- 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
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-07T12:17:38-05:00 | ReturnTs |
| Tax Period End | 2020-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IAT RE LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 48 WALL STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136092448 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JC KELLOGG FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MICHAEL PICKETT | InCareOfNm |
| Business Name Control | JCKE | BusinessNameControlTxt |
| Phone | 2123895841 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O IAT REINSURANCE CO LTD Suite | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GAIL KELLOGG | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Signature | 2021-07-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL PICKETT | PreparerPersonNm |
| PTIN | P01208263 | PTIN |
| Phone | 2123895835 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $121,881,729 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $2,443,950 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,407,532 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,706,904 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,693,121 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $429,307 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $461,760 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,166,353 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,869,292 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $281,617 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $281,617 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $4,597 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $4,597 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $77,825 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,825 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $268,520 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $268,520 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $5,933 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,933 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $638,492 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $563,492 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $638,492 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $563,492 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $527,861 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,305,800 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $525,363 | CashBOYAmt |
| Cash EOY | $2,664,659 | CashEOYAmt |
| Cash EOYFMV | $2,664,659 | CashEOYFMVAmt |
| US Government Obligations BOY | $663,619 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,119,627 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,119,975 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $75,539,401 | CorporateStockBOYAmt |
| Corporate Stock EOY | $75,331,837 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $114,076,333 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $929,770 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $539,683 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $619,567 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $4,602,410 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,560,226 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,401,195 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $68,293 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $82,328,856 | TotalAssetsBOYAmt |
| Total Assets EOY | $83,216,032 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $121,881,729 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $14,698 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $374,013 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $14,698 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $374,013 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $58,436,098 | CapitalStockBOYAmt |
| Capital Stock EOY | $58,436,098 | CapitalStockEOYAmt |
| Retained Earning BOY | $23,878,060 | RetainedEarningBOYAmt |
| Retained Earning EOY | $24,405,921 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $82,314,158 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $82,842,019 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $82,328,856 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $83,216,032 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $82,314,158 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $527,861 | ExcessRevenueOverExpensesAmt |
| Subtotal | $82,842,019 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $82,842,019 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| THRU CHARLES SCHWAB | 2017-08-01 | 2019-10-08 | $3,764,976 | $3,167,844 | $597,132 | $597,132 |
| THRU MERRION SECURITIES | 2017-11-21 | 2019-05-09 | $4,885,060 | $6,892,141 | -$2,007,081 | -$2,007,081 |
| THRU MERRION SECURITIES | 2013-06-03 | 2020-01-14 | $954,252 | $1,051,985 | -$97,733 | -$97,733 |
| THRU MERRION SECURITIES | 2019-07-10 | 2020-04-08 | $88,833 | $229,718 | -$140,885 | -$140,885 |
| PARTNERSHIP ADJUSTMENTS | 2017-05-08 | 2020-08-31 | $0 | $58,337 | -$58,337 | -$58,337 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,706,904 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $0 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $109,691,830 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.0 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $21,600 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $104,757,992 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.000206 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $19,202,461 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $102,526,144 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.187293 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,959,886 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $95,556,985 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.030975 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,973,386 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $94,242,792 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.042161 | DistributionYr5Rt |
| Total Distribution | 0.260635 | TotalDistributionRt |
| Average Distribution | 0.052127 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $110,035,570 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $5,735,824 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $23,058 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $5,758,882 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $46,116 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $46,116 | SubtotalAmt |
| Tax Based On Investment Income | $46,116 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,417 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $60,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $64,417 | TotalPaymentsAndCreditsAmt |
| Overpayment | $18,301 | OverpaymentAmt |
| Applied To ES Tax | $18,301 | AppliedToESTaxAmt |
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 | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | 0 | 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 | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL PICKETT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123895835 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 48 WALL SREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| 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 |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| GAIL KELLOGG | ||||||||
| C/O IAT REINSURANCE CO LTD | NEW YORK | NY | 10005 | PRESIDENT/TREASURER | 0 | $0 | $0 | $0 |
| PETER R KELLOGG | ||||||||
| C/O IAT REINSURANCE CO LTD | NEW YORK | NY | 10005 | VICE PRESIDENT | 0 | $0 | $0 | $0 |
| MORRIS W KELLOGG | ||||||||
| C/O IAT REINSURANCE CO LTD | NEW YORK | NY | 10005 | TRUSTEE | 0 | $0 | $0 | $0 |
| RICHARD I KELLOGG | ||||||||
| C/O IAT REINSURANCE CO LTD | NEW YORK | NY | 10005 | TRUSTEE | 0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MERRION SECURITIES LLC | |||||
| 210 ELMER STREET | WESTFIELD | NJ | 07090 | INVESTMENT ADVISORY | $160,302 |
| CHARLES SCHWAB | |||||
| 211 MAIN STREET | SAN FRANCISCO | CA | 94105 | INVESTMENT ADVISOR | $121,314 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $106,750,609 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,960,630 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,000,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $111,711,239 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $111,711,239 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,675,669 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $110,035,570 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,501,779 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,501,779 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $46,116 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $46,116 | TotalTaxAmt |
| Distributable Before Adj | $5,455,663 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,455,663 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,455,663 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $0 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,455,663 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $5,502,093 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $5,502,093 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $5,455,663 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $5,455,663 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $46,430 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $46,430 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $46,430 | ExcessFromYear3Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MORRIS W KELLOGG RICHARD I KELLO | ContributingManagerNm |
| Contributing Manager | PETER R KELLOGG | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,443,950 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,706,904 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OIL REVENUE, PARTNERSHIP INCOME | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $429,307 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,166,353 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,166,353 | 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 |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| MERRION SECURITIES LLC |
| MANAGEMENT OF INVESTMENT ACCOUNTS |
| CHARLES SCHWAB |
| MANAGEMENT OF INVESTMENT ACCOUNT |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MUNICIPAL BONDS - MERRION-1038 | $338,034 | $417,480 |
| CORPORATE BONDS- CHARLES SCHWA | $201,649 | $202,087 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| THRU MERRION SECURITIES-1038 | $16,450,583 | $22,541,263 |
| THRU MERRION SECURITIES-1153 | $1,577,490 | $1,677,647 |
| THRU MERRION SECURITIES-1008 | $23,772,844 | $40,592,023 |
| THRU CHARLES SCHWAB | $11,717,239 | $22,871,197 |
| THRU VANGUARD | $21,813,681 | $26,394,203 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,119,627 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,119,975 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| KEEFE BRUYETTE & WOODS | AT COST | $0 | |
| COMPASS ROYALTY MGMT LLC | AT COST | $2,582,187 | $2,582,187 |
| NIBMO PARTNERS | AT COST | $449,684 | $449,684 |
| POSSE ENERGY LTD | AT COST | $0 | |
| LANCO II | AT COST | $2,320 | $2,320 |
| BLACKSTONE | $0 | ||
| THRU CHARLES SCHWAB-MLP | $526,035 | $367,004 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE FROM COMPASS | Desc |
| BOY Book Value | $68,293 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOUNDATION DUES | $5,095 | $5,095 |
| BANK FEES | $36 | $36 |
| FILING FEES | $30 | $30 |
| ADR FEES | $772 | $772 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| COMPASS ROYALTIES MGMT LLC & APACHE OIL | $536,391 | $536,391 |
| LANCO II EIN 31-1752567 | -$1,293 | -$1,293 |
| NIMBO PARTNERS EIN 98-0470112 | -$104,653 | -$104,653 |
| POSSE ENERGY LTD EIN 76-0328792 | -$835 | -$835 |
| BLACKSTONE GROUP EIN 20-8875684 | $27,212 | $27,212 |
| ENTERPRISE PRODUCTS PARTNERS LP 76-05868 | -$56,346 | -$56,346 |
| DCP MIDSTREAM LP EIN -03-0567133 | $61,284 | $61,284 |
| PRIOR YEAR ADJUSTMENTS | -$32,453 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITIES SOLD NOT YET PURCHASED | Desc |
| BOY Book Value | $14,698 | BOYBookValueAmt |
| EOY Book Value | $374,013 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT ADVISORY FEES- | ||
| MERRION | $160,303 | $160,303 |
| INVESTMENT ADVISORY FEES - | ||
| SCHWAB | $121,314 | $121,314 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES | $2,492 | $2,492 |
| FEDERAL EXCISE TAX | $75,000 | $0 |
| OTHER TAXES | $333 | $333 |