HERBST FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- HERBST FOUNDATION INC (EIN 94-6061680)
- Tax period
- 2018-08-01 to 2019-07-31
- Filed
- 2020-01-24
- IRS object ID
- 202020249349100602
- Schema version
- 2018v3.1
- 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
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Govt Obligations Sch
- Land Etc Schedule2
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-01-24T10:57:13-08:00 | ReturnTs |
| Tax Period End | 2019-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 680422725 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St Suite 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946061680 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Herbst Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HERB | BusinessNameControlTxt |
| Phone | 4152521220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert K Taylor | PersonNm |
| Person Title | Treas. & Direct | PersonTitleTxt |
| Signature | 2020-01-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Karen Ebadi | PreparerPersonNm |
| PTIN | P00029504 | PTIN |
| Phone | 9259447662 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $78,012,207 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $131,929 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $131,929 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $131,929 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $1,659,828 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,659,828 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,659,828 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,007,002 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,199,894 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,007,002 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,798,759 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,798,759 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,791,757 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $68,400 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $34,200 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $34,200 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $34,200 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $36,421 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $18,211 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $18,211 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $18,210 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $73,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $36,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $36,750 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $36,750 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $318,239 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $318,239 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $318,239 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $131,080 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $31,859 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $2,888 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $4,221 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $30,024 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $18,014 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $18,014 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $12,010 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,031 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,515 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $2,515 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,516 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $22,816 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $18,061 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $18,061 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,402 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $685,511 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $477,849 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $448,878 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $112,309 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,504,100 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,504,100 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,189,611 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $477,849 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $448,878 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,616,409 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $609,148 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,320,910 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,342,879 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $4,214,298 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,107,630 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,107,630 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $4,968,925 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $7,465,962 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $7,479,825 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $50,080,959 | CorporateStockBOYAmt |
| Corporate Stock EOY | $47,299,735 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $65,424,752 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $6,516 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,516 | LandBldgEquipAccumDeprecAmt |
| Total Assets BOY | $59,264,182 | TotalAssetsBOYAmt |
| Total Assets EOY | $59,873,327 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $78,012,207 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $4,131 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,128 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $4,131 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,128 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $11,442,824 | CapitalStockBOYAmt |
| Capital Stock EOY | $11,442,824 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $47,817,227 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $48,426,375 | AdditionalPaidInCapitalEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $59,260,051 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $59,869,199 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $59,264,182 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $59,873,327 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $59,260,051 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $609,148 | ExcessRevenueOverExpensesAmt |
| Subtotal | $59,869,199 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $59,869,199 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| See schedule attached | P | 2000-07-01 | 2019-06-01 | $11,174,726 | $7,886,209 | $3,288,517 | $3,288,517 |
| AIG Securities Litigation | P | 2000-01-01 | 2018-09-06 | $507 | $507 | $507 | |
| Computer Sciences- class action | P | 2000-01-01 | 2019-07-22 | $24,661 | $24,661 | $24,661 | |
| See schedule attached | P | 2019-06-01 | 2019-06-30 | $306,683 | -$306,683 | -$306,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,007,002 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$306,683 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,433,536 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $74,558,104 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03264 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,678,734 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $70,971,809 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05183 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,260,782 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $69,225,580 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04710 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,743,853 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $74,149,510 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.05049 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,981,451 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $71,771,250 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.05547 | DistributionYr5Rt |
| Total Distribution | 0.237542 | TotalDistributionRt |
| Average Distribution | 0.047508 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $73,823,069 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,507,186 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $43,209 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,550,395 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,616,409 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $43,209 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $43,209 | SubtotalAmt |
| Tax Based On Investment Income | $43,209 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $98,853 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $98,853 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $55,644 | OverpaymentAmt |
| Applied To ES Tax | $55,644 | 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 |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | theherbstfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9259447660 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 N Main St 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Shirley J Costello | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | Asst. Secretary | 30.00 | $68,400 |
| Melvyn I Mark | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 1.00 | $0 |
| Jerrol L Harris | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 1.00 | $0 |
| Anthony Cameron | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 1.00 | $0 |
| Bruce W Hart | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | President | 1.00 | $0 |
| Robert K Taylor | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | Treas. & Direct | 1.00 | $0 |
| Steven Monosson | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 0.00 | $0 |
| Fredric C Nelson Esq | ||||||
| 30 Van Ness Avenue 3600 | San Francisoc | CA | 94102 | Sec. & Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ClearBridge Investments LLC | |||||
| 13985 Collections Center Drive | Chicago | IL | 606930139 | Investment advisor | $73,747 |
| Stewart & Patten Co LLC | |||||
| One Post Street Ste 850 | San Francisco | CA | 94104 | Investment advisor | $58,290 |
| Wells Fargo Advisors | |||||
| 555 California St Ste 2300 | San Francisco | CA | 94104 | Investment advisor | $62,055 |
| Gardner Russo & Gardner LLC | |||||
| 223 East Chestnut Street | Lancaster | PA | 17602 | Investment advisor | $115,908 |
| RK Taylor & Associates | |||||
| 2890 North Main St 305 | Walnut Creek | CA | 94597 | CPA | $63,500 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $66,411,955 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,535,323 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $74,947,278 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $74,947,278 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,124,209 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $73,823,069 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,691,153 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,691,153 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $43,209 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $43,209 | TotalTaxAmt |
| Distributable Before Adj | $3,647,944 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,647,944 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,647,944 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,616,409 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,616,409 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $43,209 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,573,200 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,647,944 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $835,273 | UndistributedIncomePYAmt |
| Qualifying Distributions | $3,616,409 | QualifyingDistributionsAmt |
| Applied To Year1 | $835,273 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,781,136 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $866,808 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See Schedule Attached | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o 30 Van Ness Ave | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | Public | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Various | GrantOrContributionPurposeTxt |
| Amt | $3,504,100 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,504,100 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| St Thomas More School | |||||||
| 50 Thomas More Way | San Francisco | CA | 94132 | N/A | Public | Facility Improvements | $100,000 |
| Presidio Knolls School | |||||||
| 250 10th Street | San Francisco | CA | 94103 | N/A | Public | Facility improvements | $100,000 |
| Fine Arts Museum of SF | |||||||
| 50 Hagiwara Tea Garden Dr | San Francisco | CA | 94118 | N/A | Public | Facility Improvements | $200,000 |
| California College of the Arts | |||||||
| 5212 Broadway | Oakland | CA | 94618 | N/A | Public | Facility Improvements | $200,000 |
| Meals on Wheels SF | |||||||
| 1375 Fairfax Ave | San Francisco | CA | 94124 | N/A | Public | Facility Improvements | $1,000,000 |
| SF Conservatory of Music | |||||||
| 50 Oak St | San Francisco | CA | 94102 | N/A | Public | Facility Improvements | $1,000,000 |
| St Mary's Medical Center Foundation | |||||||
| 450 Stanyan St | San Francisco | CA | 94117 | N/A | Public | Facility improvements | $150,000 |
| Francisco Park Conservancy | |||||||
| PO Box 475035 | San Francisco | CA | 94147 | N/A | Public | Facility improvements | $150,000 |
| Hamlin School | |||||||
| 2120 Broadway | San Francisco | CA | 94115 | Public | Facility improvements | $200,000 | |
| La Casa de las Madres | |||||||
| 1269 Howard St | San Francisco | CA | 94103 | N/A | Public | Facility improvements | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,150,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $131,929 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,659,828 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,007,002 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,798,759 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,798,759 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $73,500 | Amt |
| Net Investment Income | $36,750 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $36,750 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $36,750 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | * Mr. Taylor is the owner of a professional firm which received compensation for accounting services rendered to the Herbst Foundation, Inc. | MediumExplanationTxt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $7,465,962 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $7,479,825 | USGovtObligationsEOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|
| Furniture and Fixtures | $5,116 | $5,116 |
| Machinery and Equipment | $1,400 | $1,400 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADR fee | $353 | |||
| Insurance expense | $9,215 | $6,911 | $6,911 | $2,304 |
| Internet service | $1,035 | $518 | $518 | $517 |
| Office supplies & equipment | $2,621 | $2,359 | $2,359 | $262 |
| Postage & delivery | $1,487 | $1,338 | $1,338 | $149 |
| Printing & copying | $4,014 | $3,613 | $3,613 | $401 |
| Telephone expense | $3,191 | $2,872 | $2,872 | $319 |
| Website/Domain expense | $900 | $450 | $450 | $450 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bank custodial fees | $7,792 | $7,792 | $7,792 | $0 |
| Investment management fees | $310,000 | $310,000 | $310,000 | $0 |
| Misc bank/wire fees | $447 | $447 | $447 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| Federal excise tax | $95,000 | |||
| Filing fees | $180 | $180 | ||
| Foreign tax withheld | $28,971 | $28,971 | ||
| Payroll tax | $8,369 | $4,185 | $4,184 | $4,184 |
| Property tax | $1,440 | -$144 | -$1,296 | -$1,296 |
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