THE GRACE AND MERCY FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THE GRACE AND MERCY FOUNDATION INC (EIN 20-8050779)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202143199349109164
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T15:34:56-08:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John T Ablamsky MBA CPA PFS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 63 Reid Avenue | AddressLine1Txt |
| City | Port Washington | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11050 | 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 | 208050779 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GRACE AND MERCY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAC | BusinessNameControlTxt |
| Phone | 2129842561 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 888 SEVENTH AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUMI KIM | PersonNm |
| Person Title | CO-PRESIDENT | PersonTitleTxt |
| Phone | 2129842561 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SUMI | PersonFirstNm |
| Person Last | KIM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | John T Ablamsky | PreparerPersonNm |
| PTIN | P01379861 | PTIN |
| Phone | 5168834306 | PhoneNum |
| Preparation | 2021-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | 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 | $923,969,270 | 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 | $4,033,912 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,922,271 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,922,271 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $44,476 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $44,476 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $91,937,677 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $92,898,388 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $91,937,677 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $1,736,241 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,736,241 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $99,674,577 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $95,640,665 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $4,678,406 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $1,637,442 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $3,040,964 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $894,339 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $894,339 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $125,013 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $125,013 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $231,903 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $227,403 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $1,150,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $13,581 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $6,791 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $292,831 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $292,831 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $25,802 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $25,802 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,170,166 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $85,430 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,084,739 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $9,582,041 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,957,066 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,468,188 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $21,861,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $21,861,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $31,443,541 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,957,066 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $28,329,688 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $68,231,036 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $93,683,599 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $41,315 | CashBOYAmt |
| Cash EOY | $3,088,419 | CashEOYAmt |
| Cash EOYFMV | $3,088,419 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $363,367,682 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $414,001,676 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $414,001,676 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $217,410,207 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $387,327,206 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $506,230,615 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $65,902 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $63,308 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $4,833 | LandBOYAmt |
| Land EOY | $2,594 | LandEOYAmt |
| Land EOYFMV | $2,594 | LandEOYFMVAmt |
| Other Assets BOY | $645,693 | OtherAssetsBOYAmt |
| Other Assets EOY | $645,966 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $645,966 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $581,469,730 | TotalAssetsBOYAmt |
| Total Assets EOY | $805,065,861 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $923,969,270 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $50,595 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $27,311 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $50,595 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,311 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $581,419,135 | CapitalStockBOYAmt |
| Capital Stock EOY | $805,038,550 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $581,419,135 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $805,038,550 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $581,469,730 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $805,065,861 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $581,419,135 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $68,231,036 | ExcessRevenueOverExpensesAmt |
| Other Increases | $155,428,666 | OtherIncreasesAmt |
| Subtotal | $805,078,837 | SubtotalAmt |
| Other Decreases | $40,287 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $805,038,550 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (20 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 22.51 SHARES OF CASCABEL OFFSHORE, LTD | P | 2010-02-01 | 2020-03-31 | $492 | $0 | $2,251 | -$1,759 | $0 | $0 | $0 | -$1,759 |
| 482.05 SHARES OF CASCABEL OFFSHORE, LTD | P | 2010-02-01 | 2020-03-31 | $8,926 | $0 | $48,205 | -$39,279 | $0 | $0 | $0 | -$39,279 |
| 570 SHARES OF FALCON EDGE GLOBAL, LTD | P | 2013-05-01 | 2020-07-31 | $901,710 | $0 | $620,760 | $280,950 | $0 | $0 | $0 | $280,950 |
| CREDIT SUISSE - EQUITY SWAP | P | 2018-10-24 | 2020-07-31 | $0 | $0 | $2,859 | -$2,859 | $0 | $0 | $0 | -$2,859 |
| CREDIT SUISSE - EQUITY SWAP | P | 2018-10-24 | 2020-08-31 | $0 | $0 | $6,158 | -$6,158 | $0 | $0 | $0 | -$6,158 |
| 26,630 SHARES OF MATCH GROUP INC | P | 2016-02-18 | 2020-12-31 | $3,994,511 | $0 | $267,531 | $3,726,980 | $0 | $0 | $0 | $3,726,980 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-11-02 | 2020-02-29 | $5,641,771 | $0 | $0 | $5,641,771 | $0 | $0 | $0 | $5,641,771 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-03-31 | $19,132,912 | $0 | $0 | $19,132,912 | $0 | $0 | $0 | $19,132,912 |
| MORGAN STANLEY - EQUITY SWAP | P | 2020-02-27 | 2020-04-30 | $0 | $0 | $4,397 | -$4,397 | $0 | $0 | $0 | -$4,397 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-06-30 | $51,202,601 | $0 | $0 | $51,202,601 | $0 | $0 | $0 | $51,202,601 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-11-09 | 2020-07-31 | $758,092 | $0 | $0 | $758,092 | $0 | $0 | $0 | $758,092 |
| FX GAIN/(LOSS) | P | 2018-10-24 | 2020-08-31 | $5,272 | $0 | $0 | $5,272 | $0 | $0 | $0 | $5,272 |
| FX GAIN/(LOSS) | P | 2018-10-24 | 2020-09-30 | $0 | $0 | $8,550 | -$8,550 | $0 | $0 | $0 | -$8,550 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-10-31 | $4,832,410 | $0 | $0 | $4,832,410 | $0 | $0 | $0 | $4,832,410 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-10-31 | $2,190,139 | $0 | $0 | $2,190,139 | $0 | $0 | $0 | $2,190,139 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-10-31 | $1,002,741 | $0 | $0 | $1,002,741 | $0 | $0 | $0 | $1,002,741 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-11-30 | $36,868 | $0 | $0 | $36,868 | $0 | $0 | $0 | $36,868 |
| MORGAN STANLEY - EQUITY SWAP | P | 2018-10-24 | 2020-11-30 | $3,147,279 | $0 | $0 | $3,147,279 | $0 | $0 | $0 | $3,147,279 |
| FX GAIN/(LOSS) | P | 2018-10-24 | 2020-12-31 | $21,892 | $0 | $0 | $21,892 | $0 | $0 | $0 | $21,892 |
| FX GAIN/(LOSS) | P | 2018-10-24 | 2020-07-31 | $20,772 | $0 | $0 | $20,772 | $0 | $0 | $0 | $20,772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $91,937,677 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$4,397 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,302,202 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,302,202 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,302,202 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,549,682 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $600,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $2,149,682 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$2,149,682 | OriginalReturnOverpaymentAmt |
| Overpayment | $847,480 | OverpaymentAmt |
| Applied To ES Tax | $847,480 | 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 | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PATRICK HALLIGAN | IndividualWithBooksNm |
| Phone | 2129842561 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE GRACE AND MERCY FOUNDATION | AddressLine1Txt |
| City | NY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| SUMI KIM | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | CO-PRESIDENT | 40.00 | $650,000 | $64,535 | $0 |
| CHRISTOPHER MCPADDEN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | CO-PRESIDENT | 40.00 | $550,000 | $65,164 | $0 |
| SUNG KOOK HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| BECKY HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | VICE PRESIDENT AND DIRECTOR | 2.00 | $0 | $0 | $0 |
| PATRICK HALLIGAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | TREASURER | 5.00 | $0 | $0 | $0 |
| ANDREW MILLS | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | CO-CHAIRMAN AND DIRECTOR | 8.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| AE RAN MOON | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM OFFICER | 40.00 | $465,000 | $55,049 | $0 |
| EUNG SIK KIM | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM OFFICER | 40.00 | $450,000 | $66,064 | $0 |
| DANIEL SANFORD | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM OFFICER | 40.00 | $340,000 | $62,412 | $0 |
| LANYU XU | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM OFFICER | 40.00 | $340,000 | $38,445 | $0 |
| SAMUEL TRAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM OFFICER | 40.00 | $235,000 | $49,732 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 17 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| INSPIRATIONAL LEADERSHIP LLC | |||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM CONSULTING | $200,000 |
| CHARLES KIM | |||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM CONSULTING | $175,000 |
| PAUL GOJKOVICH | |||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM CONSULTING | $120,000 |
| MYEONGSUK PARK | |||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM CONSULTING | $85,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $401,973,072 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $336,544,029 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $738,517,101 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $738,517,101 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $11,077,757 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $727,439,344 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $36,371,967 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $36,371,967 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,302,202 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,302,202 | TotalTaxAmt |
| Distributable Before Adj | $35,069,765 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $35,069,765 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $35,069,765 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $28,329,688 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $28,329,688 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $28,329,688 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $35,069,765 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $4,852,971 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,639,248 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,131,317 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,623,536 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $28,329,688 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $28,329,688 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $6,740,077 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $6,740,077 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,883,459 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,883,459 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,752,142 | ExcessFromYear4Amt |
| Excess From Year3 | $1,131,317 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SUNG KOOK HWANG | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (63 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A ROCHA USA | ||||||
| 131 EAST MAIN STREET SUITE 205 | FREDERICKSBURG | TX | 78624 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| ASSEMBLIES OF GOD KOREAN DISTRICT COUNCIL | ||||||
| 1445 N BOONVILLE AVE | SPRINGFIELD | MO | 65802 | 509(a)1170(b)(1)(A) | RELIGIOUS | $8,000 |
| AVAIL NYC | ||||||
| 115 W 45TH ST FL 4 | NEW YORK | NY | 10036 | 509(a)1170(b)(1)(A) | COMMUNITY | $160,000 |
| BEACON CHRISTIAN COMMUNITY HEALTH CENTER | ||||||
| 2079 FOREST AVE | STATEN ISLAND | NY | 10303 | 509(a)1170(b)(1)(A) | MEDICAL | $175,000 |
| CHILDREN'S AID | ||||||
| 117 WEST 124TH STREET 3RD FLOOR | NEW YORK | NY | 10017 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| CHRISTIAN EMBASSY | ||||||
| 2000 24TH ST NW | WASHINGTON | DC | 20008 | 509(a)1170(b)(1)(A) | COMMUNITY | $45,000 |
| CHRISTIAN UNION | ||||||
| 19 VANDEVENTER AVE | PRINCETON | NJ | 08542 | 509(a)1170(b)(1)(A) | RELIGIOUS | $40,000 |
| CITY SEMINARY OF NEW YORK | ||||||
| PO BOX 1858 | NEW YORK | NY | 10026 | 509(a)1170(b)(1)(A) | RELIGIOUS | $200,000 |
| CRU INNER CITY | ||||||
| 100 LAKE HART DRIVE | ORLANDO | FL | 32832 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| DWIGHT-ENGLEWOOD SCHOOL | ||||||
| 315 E PALISADE AVE | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | EDUCATION | $610,000 |
| EL POZO DE VIDA | ||||||
| 910 W 17TH STREET SUITE B | SANTA ANA | CA | 92706 | 509(a)1170(b)(1)(A) | COMMUNITY | $85,000 |
| EXODUS TRANSITIONAL COMMUNITY INC | ||||||
| 2271 3RD AVE | NEW YORK | NY | 10035 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES | ||||||
| 8701 LEEDS RD | KANSAS CITY | MO | 64129 | 509(a)1170(b)(1)(A) | EDUCATION | $200,000 |
| FULLER THEOLOGICAL SEMINARY | ||||||
| 135 N OAKLAND AVE | PASADENA | CA | 91101 | 509(a)1170(b)(1)(A) | RELIGIOUS | $500,000 |
| HOPE FOR NEW YORK | ||||||
| 57 W 57TH ST 4TH FL | NEW YORK | NY | 10019 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $150,000 |
| INFINITY BIBLE CHURCH | ||||||
| 1326 MORRISON AVE | BRONX | NY | 10472 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| INHERITANCE OF HOPE | ||||||
| PO BOX 90 | PISGAH FOREST | NC | 28768 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $250,000 |
| INTERNATIONAL JUSTICE MISSION | ||||||
| PO BOX 58147 | WASHINGTON | DC | 20037 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $700,000 |
| THE KOREAN-AMERICAN FAMILY SERVICE CENTER INC | ||||||
| PO BOX 541429 | FLUSHING | NY | 11354 | 509(a)1170(b)(1)(A) | CULTURAL | $55,000 |
| LAUSANNE MOVEMENT | ||||||
| 10524 MOSS PARK ROAD SUITE 201 358 | ORLANDO | FL | 32832 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $150,000 |
| LUIS PALAU ASSOCIATION | ||||||
| 1500 NORTHWEST 167TH PLACE | BEAVERTON | OR | 97006 | 509(a)1170(b)(1)(A) | RELIGIOUS | $275,000 |
| MILITARY COMMUNITY YOUTH MINISTRIES | ||||||
| 540 NORTH CASCADE AVENUE SUITE 300 | COLORADO SPRINGS | CO | 80903 | 509(a)1170(b)(1)(A) | RELIGIOUS | $40,000 |
| NEHEMIAH COMMUNITY DEVELOPMENT CORP | ||||||
| 655 W BADGER RD | MADISON | WI | 53713 | 509(a)1170(b)(1)(A) | EDUCATION | $180,000 |
| NEW ASIA FOUNDATION FOR ED AND CULTURE | ||||||
| 3440 WILSHIRE BLVD STE 505 | LOS ANGELES | CA | 90010 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| NEW CANAAN SOCIETY INC | ||||||
| 45 ROCKEFELLER PLZ STE 2000 | NEW YORK | NY | 10111 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $115,000 |
| NEW YORK CITY RELIEF | ||||||
| 1359 BROADWAY | NEW YORK | NY | 10018 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $150,000 |
| NOMI NETWORK | ||||||
| PO BOX 42 | NEW YORK | NY | 10156 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $75,000 |
| RESTORE NYC INC | ||||||
| 20 W 46TH ST APT 2B | NEW YORK | NY | 10036 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| RISING TIDE CAPITAL | ||||||
| 384 MARTIN LUTHER KING DRIVE | JERSEY CITY | NJ | 07305 | 509(a)1170(b)(1)(A) | COMMUNITY | $200,000 |
| BIBLE PROJECT | ||||||
| 1302 SE ANKENY ST | PORTLAND | OR | 97214 | 509(a)1170(b)(1)(A) | RELIGIOUS | $90,000 |
| THE BOWERY MISSION | ||||||
| 335 LEXINGTON AVENUE 19TH FL | NEW YORK | NY | 10017 | 509(a)1170(b)(1)(A) | COMMUNITY | $250,000 |
| THE FULLER FOUNDATION | ||||||
| 385 E COLORADO BLVD STE 250 | PASADENA | CA | 91101 | 509(a)1170(b)(1)(A) | COMMUNITY | $11,550,000 |
| THE GENEVA SCHOOL OF MANHATTAN | ||||||
| 138 W 90TH ST | NEW YORK | NY | 10024 | 509(a)1170(b)(1)(A) | EDUCATION | $175,000 |
| KINGS COLLEGE | ||||||
| 56 BROADWAY | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $475,000 |
| THEOLOGY OF WORK PROJECT | ||||||
| 15 NOTRE DAME AVE | CAMBRIDGE | MA | 02140 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| USTA FOUNDATION | ||||||
| 70 WEST RED OAK LANE | WHITE PLAINS | NY | 10604 | 509(a)1170(b)(1)(A) | EDUCATION | $75,000 |
| YOUNG LIFE | ||||||
| PO BOX 520 | COLORADO SPRINGS | CO | 80901 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| ZIMELE USA | ||||||
| 291 S VAN BRUNT ST STE 4 | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $30,000 |
| NURU INTERNATIONAL | ||||||
| 270 BAKER STREET EAST SUITE 200 | COSTA MESA | CA | 92626 | 509(a)1170(b)(1)(A) | COMMUNITY | $85,000 |
| PAVE SCHOOLS | ||||||
| 732 HENRY ST | BROOKLYN | NY | 11231 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| INTERVARSITY CHRISTIAN FELLOWSHIP | ||||||
| 635 SCIENCE DRIVE | MADISON | WI | 53711 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| MANGO FUND INC | ||||||
| 989 MEMORIAL DR APT 90 | CAMBRIDGE | MA | 02138 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| PRISON FELLOWSHIP MINISTRIES | ||||||
| 44180 RIVERSIDE PARKWAY | LANSDOWNE | VA | 20176 | 509(a)1170(b)(1)(A) | COMMUNITY | $75,000 |
| GEORGE W BUSH PRESIDENTIAL CENTER | ||||||
| 2943 SMU BOULEVARD | DALLAS | TX | 75205 | 509(a)1170(b)(1)(A) | COMMUNITY | $25,000 |
| HAWAIIAN ISLANDS MINISTRIES | ||||||
| 547 HALEKAUWILA STREET | HONOLULU | HI | 96813 | 509(a)1170(b)(1)(A) | COMMUNITY | $50,000 |
| SALVATION ARMY GREATER NEW YORK DIVISION | ||||||
| 120 W 14TH STREET | NEW YORK | NY | 10011 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| CARNEGIE HALL | ||||||
| 881 SEVENTH AVENUE | NEW YORK CITY | NY | 10019 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| REFORMED UNIVERSITY INC | ||||||
| 1724 ATKINSON RD | LAWRENCEVILLE | GA | 30043 | 509(a)1170(b)(1)(A) | COMMUNITY | $20,000 |
| FAITH COMES BY HEARING | ||||||
| 2421 AZTEC RD NE | ALBUQUERQUE | NM | 87107 | 509(a)1170(b)(1)(A) | COMMUNITY | $1,538,000 |
| KOREAN AMERICAN COMMUNITY FOUNDATION INC | ||||||
| 501 FIFTH AVE 3RD FL | NEW YORK | NY | 10017 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| THE NAVIGATORS | ||||||
| 3820 N 30TH ST | COLORADO SPRINGS | CO | 80904 | 509(a)1170(b)(1)(A) | RELIGIOUS | $35,000 |
| FOUNTAIN OF LIFE COVENANT CHURCH INC | ||||||
| PO BOX 1328 | RUSTON | LA | 71273 | 509(a)1170(b)(1)(A) | RELIGIOUS | $150,000 |
| THE FELLOWSHIP OF FATHERS FOUNDATION | ||||||
| 3032 W BETTY ELYSE LN | PHOENIX | AZ | 85053 | 509(a)1170(b)(1)(A) | COMMUNITY | $30,000 |
| BEHOLD ISRAEL | ||||||
| 18940 BASE CAMP RD | MONUMENT | CO | 80132 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $25,000 |
| RESONATE GLOBAL MISSION | ||||||
| 1700 28TH STREET SE | GRAND RAPIDS | MI | 49508 | 509(a)1170(b)(1)(A) | RELIGIOUS | $90,000 |
| 414 WINDOW NEW YORK FOUNDATION | ||||||
| 130-30 31ST AVE 9TH FLOOR | FLUSHING | NY | 11354 | 509(a)1170(b)(1)(A) | RELIGIOUS | $180,000 |
| OPEN HANDS LEGAL SERVICES | ||||||
| 175 E 125TH ST | NEW YORK | NY | 10035 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $67,500 |
| FAMILY TOUCH INC | ||||||
| 240 GRAND AVE | LEBONIA | NJ | 07605 | 509(a)1170(b)(1)(A) | COMMUNITY | $33,000 |
| OTR LIVING WATER CHURCH | ||||||
| 1510 REPUBLIC ST | CINCINNATI | OH | 45202 | 509(a)1170(b)(1)(A) | RELIGIOUS | $25,000 |
| IN GRACE MISSION | ||||||
| 4659 MINORCA WAY | BUENA PARK | CA | 90621 | 509(a)1170(b)(1)(A) | RELIGIOUS | $300,000 |
| YOUTH FOR CHRIST USA | ||||||
| 7670 S VAUGHN CT | ENGLEWOOD | CO | 80112 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| LIBERTY IN NORTH KOREA | ||||||
| 1751 TORRANCE BLVD STE L | TORRANCE | CA | 90501 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $400,000 |
| PRISON FELLOWSHIP INTERNATIONAL | ||||||
| PO BOX 17434 | WASHINGTON | DC | 20041 | 509(a)1170(b)(1)(A) | RELIGIOUS | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $21,861,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,922,271 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $44,476 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $91,937,677 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| LONE CASCADE, L.P. - FROM K-1 | 14 | $1,874,552 |
| KKR GLOBAL IMPACT FUND SCSP - FROM K-1 | 14 | -$121,414 |
| TIGER GLOBAL PRIV INV PARTNERS XI - FROM K-1 | 14 | $177,265 |
| FURTHER GLOBAL CAPITAL PARTNERS-A, LP - FROM K-1 | 14 | -$165,501 |
| ASCEND CAPITAL PARTNERS CO-INVEST (BLOCKER), L.P. - FROM K-1 | 14 | -$28,661 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $95,640,665 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $95,640,665 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | SUNG KOOK HWANG | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE GRACE AND MERCY FOUNDATION | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,033,912 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 26,630 SHARES OF MATCH.COM | NoncashPropertyDesc |
| Fair Market Value | $4,033,912 | FairMarketValueAmt |
| Received | 2020-12-30 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| JOHN T. ABLAMSKY, CPA TAX & ACCOUNTING | $18,000 | $13,500 | $4,500 |
| CITCO FUND SERVICES FUND SERVICES | $213,903 | $213,903 | $0 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (19 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| COMPUTER | 2010-11-01 | $1,197 | $1,197 | 200DB | 5.000000000000 | $0 | $0 |
| F&F | 2011-01-04 | $11,296 | $11,296 | 200DB | 7.000000000000 | $0 | $0 |
| F&F | 2011-07-07 | $1,174 | $1,174 | 200DB | 7.000000000000 | $0 | $0 |
| COMPUTER | 2011-01-31 | $5,059 | $5,059 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2011-05-31 | $1,805 | $1,805 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2011-06-28 | $902 | $902 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2012-04-15 | $978 | $978 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2012-05-16 | $2,057 | $2,057 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2012-06-15 | $2,813 | $2,813 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2012-07-16 | $1,139 | $1,139 | 200DB | 5.000000000000 | $0 | $0 |
| COMPUTER | 2012-10-16 | $668 | $668 | 200DB | 5.000000000000 | $0 | $0 |
| F&F | 2014-04-21 | $2,140 | $1,853 | 200DB | 7.000000000000 | $191 | $95 |
| F&F | 2014-06-09 | $6,904 | $5,980 | 200DB | 7.000000000000 | $616 | $308 |
| F&F | 2015-07-01 | $838 | $652 | 200DB | 7.000000000000 | $74 | $38 |
| COMPUTER | 2015-07-01 | $568 | $535 | 200DB | 5.000000000000 | $33 | $16 |
| F&F | 2016-07-01 | $1,020 | $701 | 200DB | 7.000000000000 | $91 | $46 |
| COMPUTER | 2017-07-01 | $10,708 | $7,624 | 200DB | 5.000000000000 | $1,234 | $617 |
| F&F | 2019-07-01 | $3,294 | $0 | 200DB | 7.000000000000 | $0 | $0 |
| LEASEHOLD IMPS | 2020-07-01 | $11,342 | SL | 15.000000000000 | $0 | $5,671 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (20 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| 22.51 SHARES OF CASCABEL OFFSHORE, LTD | 2010-02 | Purchased | 2020-03 | $492 | $2,251 | -$1,759 |
| 482.05 SHARES OF CASCABEL OFFSHORE, LTD | 2010-02 | Purchased | 2020-03 | $8,926 | $48,205 | -$39,279 |
| 570 SHARES OF FALCON EDGE GLOBAL, LTD | 2013-05 | Purchased | 2020-07 | $901,710 | $620,760 | $280,950 |
| CREDIT SUISSE - EQUITY SWAP | Purchased | 2020-07 | $0 | $2,859 | -$2,859 | |
| CREDIT SUISSE - EQUITY SWAP | Purchased | 2020-08 | $0 | $6,158 | -$6,158 | |
| 26,630 SHARES OF MATCH GROUP INC | 2016-02 | Purchased | 2020-12 | $3,994,511 | $267,531 | $3,726,980 |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-02 | $5,641,771 | $0 | $5,641,771 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-03 | $19,132,912 | $0 | $19,132,912 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-04 | $0 | $4,397 | -$4,397 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-06 | $51,202,601 | $0 | $51,202,601 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-07 | $758,092 | $0 | $758,092 | |
| FX GAIN/(LOSS) | Purchased | 2020-08 | $5,272 | $0 | $5,272 | |
| FX GAIN/(LOSS) | Purchased | 2020-09 | $0 | $8,550 | -$8,550 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-10 | $4,832,410 | $0 | $4,832,410 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-10 | $2,190,139 | $0 | $2,190,139 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-10 | $1,002,741 | $0 | $1,002,741 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-11 | $36,868 | $0 | $36,868 | |
| MORGAN STANLEY - EQUITY SWAP | Purchased | 2020-11 | $3,147,279 | $0 | $3,147,279 | |
| FX GAIN/(LOSS) | Purchased | 2020-12 | $21,892 | $0 | $21,892 | |
| FX GAIN/(LOSS) | Purchased | 2020-07 | $20,772 | $0 | $20,772 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | VARIOUS INVESTMENTS | CategoryOrItemTxt |
| Book Value | $387,327,206 | BookValueAmt |
| EOYFMV | $506,230,615 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| FURNITURE & FIXTURES | $26,665 | $25,922 | $743 |
| COMPUTER EQUIPMENT | $27,895 | $26,044 | $1,851 |
| LEASEHOLD IMPROVEMENTS | $11,342 | $11,342 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (4 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| ROPES & GRAY LLP LEGAL | $29,768 | $29,768 |
| GIBBONS P.C. LEGAL | $87,405 | $87,405 |
| J GLOBAL LAW GROUP LEGAL | $3,500 | $3,500 |
| JUDY CHANG LAW FIRM LEGAL | $4,340 | $4,340 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SECURITY DEPOSIT | $565,693 | $565,966 | $565,966 |
| MISCELLANEOUS | $80,000 | $80,000 | $80,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDEDUCTIBLE EXPENSES | Desc |
| Amt | $40,287 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| NYS FILING FEES | $1,500 | $0 | $1,500 |
| MISCELLANEOUS | $19,149 | $0 | $19,152 |
| INSURANCE | $29,924 | $0 | $29,924 |
| PAYROLL EXPENSES | $244,087 | $85,430 | $158,657 |
| SUPPLIES,POSTAGE,PRINTING,ETC | $127,328 | $0 | $127,328 |
| REG. CONF. SEMINAR | $12,898 | $0 | $12,898 |
| LOCAL TRANSPORTATION | $54,486 | $0 | $54,486 |
| MEALS @ 50% | $40,287 | $0 | $40,287 |
| CONTRACT HIRE | $631,869 | $0 | $631,869 |
| RESEARCH | $1,008,638 | $0 | $1,008,638 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| LONE CASCADE, L.P. - FROM K-1 | $1,874,552 | $1,874,552 |
| KKR GLOBAL IMPACT FUND SCSP - FROM K-1 | -$121,414 | -$121,414 |
| TIGER GLOBAL PRIV INV PARTNERS XI - FROM K-1 | $177,265 | $177,265 |
| FURTHER GLOBAL CAPITAL PARTNERS-A, LP - FROM K-1 | -$165,501 | -$165,501 |
| ASCEND CAPITAL PARTNERS CO-INVEST (BLOCKER), L.P. | -$28,661 | -$28,661 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK TO TAX ADJUSTMENT | Desc |
| Amt | $155,428,666 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| EMPLOYEE BENEFITS PAYABLE | $6,390 | $7,379 |
| CREDIT CARD | $44,205 | $19,932 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $1,150,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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