ARMENIA EMPYREAN FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ARMENIA EMPYREAN FOUNDATION (EIN 20-8038153)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-07-13
IRS object ID
202011959349101031
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-07-13T14:21:29-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208038153EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Raffi & Nina Festekjian FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% FOUNDATION SOURCEInCareOfNm
Business Name ControlRAFFBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAFFI RESTEKJIANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2020-06-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$104,764FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$39,326ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$5,175NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$20,175GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,175CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$44,502TotalRevAndExpnssAmt
Total Net Invst Incm$5,176TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$5,176OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$151OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$5,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$5,176TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$151TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,025TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$63,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$63,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$68,326TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$151TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$68,175TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$23,824ExcessRevenueOverExpensesAmt
Net Investment Income$5,025NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$7,824SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY-$1,000SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV-$1,000SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$83,500CorporateStockBOYAmt
Corporate Stock EOY$68,500CorporateStockEOYAmt
Corporate Stock EOYFMV$105,764CorporateStockEOYFMVAmt
Total Assets BOY$91,324TotalAssetsBOYAmt
Total Assets EOY$67,500TotalAssetsEOYAmt
Total Assets EOYFMV$104,764TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$91,324RetainedEarningBOYAmt
Retained Earning EOY$67,500RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$91,324TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$67,500TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$91,324TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$67,500TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$91,324TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$23,824ExcessRevenueOverExpensesAmt
Subtotal$67,500SubtotalAmt
Tot Net Ast Or Fund Balances EOY$67,500TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$20,175GrossSalesPriceAmt
Cost Or Other Basis$15,000CostOrOtherBasisAmt
Gain Or Loss$5,175GainOrLossAmt
Gains Minus Excess Or Losses$5,175GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$5,175CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$58,325AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$111,907NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.521192DistributionYr1Rt
Adjusted Qlfy Distri Yr2$71,841AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$116,962NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.614225DistributionYr2Rt
Adjusted Qlfy Distri Yr3$83,675AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$133,996NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.624459DistributionYr3Rt
Adjusted Qlfy Distri Yr4$91,475AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$174,215NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.52507DistributionYr4Rt
Adjusted Qlfy Distri Yr5$169,253AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$230,559NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.734098DistributionYr5Rt
Total Distribution3.019044TotalDistributionRt
Average Distribution0.603809AverageDistributionRt
Net Vl Noncharitable Assets$97,787NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$59,045AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$50NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$59,095AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$68,175QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$50InvestmentIncomeExciseTaxAmt
Subtotal$50SubtotalAmt
Tax Based On Investment Income$50TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$146EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$146TotalPaymentsAndCreditsAmt
Overpayment$96OverpaymentAmt
Applied To ES Tax$96AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION SOURCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 SILVERSIDE ROAD SUITE 123AddressLine1Txt
CitywilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRaffi FestekjianPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
TitlePres, Dir, SecTitleTxt
Average Hrs Per Wk Devoted To Pos1.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$98,834AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$442AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$99,276TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$99,276AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,489CashDeemedCharitableAmt
Net Vl Noncharitable Assets$97,787NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,889MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,889MinimumInvestmentReturnAmt
Tax Based On Investment Income$50TaxBasedOnInvestmentIncomeAmt
Total Tax$50TotalTaxAmt
Distributable Before Adj$4,839DistributableBeforeAdjAmt
Distributable Before Ded$4,839DistributableBeforeDedAmt
Distributable As Adjusted$4,839DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$68,175ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$68,175QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$50PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$68,125AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,839DistributableAsAdjustedAmt
Prior Year12017PriorYear1Yr
Prior Year22016PriorYear2Yr
Prior Year32015PriorYear3Yr
Excess Distribution Cyov Yr5$158,409ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$82,764ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$76,975ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$66,061ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$52,800ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$437,009TotalExcessDistributionCyovAmt
Qualifying Distributions$68,175QualifyingDistributionsAmt
Applied To Current Year$4,839AppliedToCurrentYearAmt
Remaining Distri From Corpus$63,336RemainingDistriFromCorpusAmt
Total Corpus$500,345TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$158,409ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$341,936ExcessDistriCyovToNextYrAmt
Excess From Year4$82,764ExcessFromYear4Amt
Excess From Year3$76,975ExcessFromYear3Amt
Excess From Year2$66,061ExcessFromYear2Amt
Excess From Year1$52,800ExcessFromYear1Amt
Excess From Current Year$63,336ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRaffi FestekjianContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARMENIAN ASSEMBLY OF AMERICA INC
734 15TH ST NW STE 500WASHINGTONDC20005N/APCArmenia Tree Project$2,500
ARMENIAN GENERAL BENEVOLENT UNION
55 E 59TH STNEW YORKNY10022N/APCGeneral & Unrestricted$10,000
ARMENIAN RELIEF SOCIETY OF EASTERN USA INC
80 BIGELOW AVEWATERTOWNMA02472N/APCGeneral & Unrestricted$250
NATIONAL ASSOCIATION FOR ARMENIAN STUDIES AND RESE
395 CONCORD AVEBELMONTMA02478N/APCGeneral & Unrestricted$1,000
SOCIETY FOR ORPHANED ARMENIAN RELIEF
150 N RADNOR CHESTER RD STE F-2RADNORPA19087N/APCGeneral & Unrestricted$350
ST STEPHENS ARMENIAN APOSTOLIC CHURCH OF GREATER B
38 ELTON AVEWATERTOWNMA02472N/APCGeneral & Unrestricted$1,550
YERAZART INC
32 WARWICK RDWATERTOWNMA02472N/APCGeneral & Unrestricted$47,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$63,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$5,175ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,176ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,176TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonFestekjian RaffiContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14 McCall RoadAddressLine1Txt
CityWinchesterCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01890ZIPCd
FieldValueIRS element (for citing)
Total Contributions$39,326TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSP500 LINKED ISSUER HSBCStockNm
EOY Book Value$68,500EOYBookValueAmt
EOYFMV$105,764EOYFMVAmt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2019, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $63,150. This amount represents 25% or more of the Foundation's net assets of $103,181 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2019. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$5,000$5,000
Bank Charges$151$151
State or Local Filing Fees$25$25

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