VITAL PROJECTS FUND INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- VITAL PROJECTS FUND INC (EIN 13-3711340)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-07-15
- IRS object ID
- 202001979349101605
- 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
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Employee Compensation Expln
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- 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 | 2020-07-15T10:51:12-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 WATER STREET 9TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133711340 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VITAL PROJECTS FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MCDERMOTT WILL & EMERY LLP | InCareOfNm |
| Business Name Control | VITA | BusinessNameControlTxt |
| Phone | 2124400800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ROBERT MENSCHEL375 PARK AVE Suite | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10152 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT MENSCHEL | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 2124400800 | PhoneNum |
| Signature | 2020-07-12 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joseph Bulger | PreparerPersonNm |
| PTIN | P01366942 | PTIN |
| Phone | 2124400800 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 73.104.193.21 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 26363620201975000047 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-07-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 9A238A4A3683B104FD093AAEA729D0D5E6B77091 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9FC51243CC08398D202F765C5702ABE698538D80 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-01-07 14:23:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $340,024,822 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $9,471 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $9,471 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $0 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $8,307,824 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,307,824 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $0 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,581,956 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,019,724 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,581,574 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$120 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $725 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $9,899,131 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,899,594 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $215,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $107,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $107,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $367,115 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $183,558 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $183,557 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,000 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,000 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $48,725 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $24,363 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $24,362 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $78,218 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $967,224 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $473,544 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $493,677 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,681,282 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $788,965 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $814,096 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $13,279,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $15,579,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $14,960,282 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $788,965 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $16,393,096 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$5,061,151 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,110,629 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $0 | CashBOYAmt |
| Cash EOY | $0 | CashEOYAmt |
| Cash EOYFMV | $0 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,309,175 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $325,848 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $325,848 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $61,514,825 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $56,261,829 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $56,261,829 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $230,290,670 | CorporateStockBOYAmt |
| Corporate Stock EOY | $269,982,443 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $269,982,443 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $10,057,439 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,454,702 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,454,702 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $305,172,109 | TotalAssetsBOYAmt |
| Total Assets EOY | $340,024,822 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $340,024,822 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $5,650,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $3,350,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $3,665,480 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,468,079 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $9,315,480 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,818,079 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $295,856,629 | RetainedEarningBOYAmt |
| Retained Earning EOY | $332,206,743 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $295,856,629 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $332,206,743 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $305,172,109 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $340,024,822 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $295,856,629 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$5,061,151 | ExcessRevenueOverExpensesAmt |
| Other Increases | $42,260,640 | OtherIncreasesAmt |
| Subtotal | $333,056,118 | SubtotalAmt |
| Other Decreases | $849,375 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $332,206,743 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| STCG THRU K-1 | P | $329,774 | $0 | $329,774 | $329,774 |
| LTCG THRU K-1 | P | $1,051,258 | $0 | $1,051,258 | $1,051,258 |
| SALE OF MARKETABLE SECURITIES | P | $625,176 | $437,768 | $187,408 | $187,408 |
| ETON PARK - PARTIAL DISP | P | $12,256 | $0 | $12,256 | $12,256 |
| WHITEHALL - GAIN ON FULL DISPOSITION | P | $878 | $0 | $878 | $878 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,581,574 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $16,011,738 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $313,906,032 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.051008 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $16,116,310 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $314,546,615 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051237 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $15,295,008 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $308,231,648 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.049622 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $14,646,821 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $315,643,037 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.046403 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $13,304,634 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $294,495,779 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.045178 | DistributionYr5Rt |
| Total Distribution | 0.243448 | TotalDistributionRt |
| Average Distribution | 0.04869 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $320,714,533 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $15,615,591 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $91,106 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $15,706,697 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $16,393,096 | 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 | $91,106 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $91,106 | SubtotalAmt |
| Tax Based On Investment Income | $91,106 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $108,091 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $108,091 | TotalPaymentsAndCreditsAmt |
| Overpayment | $16,985 | OverpaymentAmt |
| Applied To ES Tax | $16,985 | 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 | false | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCDERMOTT WILL & EMERY LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125475400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 340 MADISON AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101731922 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 |
| 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 (7 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT B MENSCHEL | |||||||||
| 375 PARK AVENUE | SUITE 1602 | NEW YORK | NY | 10152 | CHAIRMAN/TREASURER/DIRECTOR | 0 | $0 | $0 | $0 |
| RICHARD L MENSCHEL | |||||||||
| 375 PARK AVENUE | SUITE 1602 | NEW YORK | NY | 10152 | DIRECTOR | 0 | $0 | $0 | $0 |
| DAVID F MENSCHEL | |||||||||
| 375 PARK AVENUE | SUITE 1602 | NEW YORK | NY | 10152 | PRESIDENT/DIRECTOR | 0 | $100,000 | $0 | $0 |
| LAUREN E MENSCHEL | |||||||||
| 375 PARK AVENUE | SUITE 1602 | NEW YORK | NY | 10152 | SECRETARY/DIRECTOR | 0 | $0 | $0 | $0 |
| RONAY MENSCHEL | |||||||||
| 375 PARK AVENUE | SUITE 1602 | NEW YORK | NY | 10152 | DIRECTOR | 0 | $0 | $0 | $0 |
| MARIANNE SAMMARCO | |||||||||
| 375 PARK AVENUE | SUITE 1602 | NEW YORK | NY | 10152 | ASSISTANT SECRETARY | 0 | $75,000 | $0 | $0 |
| JAY RIVLIN | |||||||||
| 340 MADISON AVENUE | NEW YORK | NY | 10173 | DIRECTOR | 0 | $40,000 | $0 | $0 | |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| NANCY ERTAG-BRAND | ||||||||
| 130 EAST 18TH STREET | NEW YORK | NY | 10003 | FULL TIME * | 0 | $258,923 | $35,021 | $0 |
| SOPHIE CULL | ||||||||
| 3016 DUMAINE STREET | NEW ORLEANS | LA | 70119 | FULL TIME | 0 | $108,192 | $9,479 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT | Description1Txt |
| Description2 | UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). | Description2Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Description2 | N/A | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $311,919,907 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,976,981 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $11,701,623 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $325,598,511 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $325,598,511 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,883,978 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $320,714,533 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $16,035,727 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $16,035,727 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $91,106 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $91,106 | TotalTaxAmt |
| Distributable Before Adj | $15,944,621 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $15,944,621 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $15,944,621 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $16,393,096 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $16,393,096 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $91,106 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $16,301,990 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $15,944,621 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $12,909,123 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $16,393,096 | QualifyingDistributionsAmt |
| Applied To Year1 | $12,909,123 | AppliedToYear1Amt |
| Applied To Current Year | $3,483,973 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $12,460,648 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE SCHEDULE ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE SCHEDULE ATTACHED | AddressLine1Txt |
| Address Line2 | SEE SCHEDULE ATTACHED | AddressLine2Txt |
| City | SEE SCHEDULE ATTACHED | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 00000 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL SUPPORT - SEE ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $15,579,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $15,579,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE SCHEDULE ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE SCHEDULE ATTACHED | AddressLine1Txt |
| Address Line2 | SEE SCHEDULE ATTACHED | AddressLine2Txt |
| City | SEE SCHEDULE ATTACHED | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 00000 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | GENERAL USE | GrantOrContributionPurposeTxt |
| Amt | $3,350,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,350,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,471 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,307,824 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $382 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,581,574 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| ORD. INC. - K-1S | 523000 | -$845 | ||
| OTHER INC. - K-1S | 01 | $734 | ||
| SEC 988 LOSS - K-1S | 01 | -$9 | ||
| SUBPART F (OTHER THAN 951A AND 965) THRU K-1 | 01 | |||
| IRS REFUND - 990-T | 01 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$463 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $9,899,594 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,899,131 | 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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ERNST & YOUNG, LLP | $26,600 | $13,300 | $13,300 |
| CONDON, O'MEARA, MCGINTY | $22,125 | $11,063 | $11,062 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Depreciation Schedule DepreciationSchedule
Employee Compensation Expln EmployeeCompensationExpln
Employee Comp Explanation EmployeeCompExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Employee | NANCY ERTAG-BRAND | EmployeeNm |
| Explanation | * NANCY ERTAG-BRAND'S COMPENSATION AND CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS ARE SHARED WITH CHARINA ENDOWMENT FUND, INC. (EIN: 13-3675545) ON A 50% BASIS. | ExplanationTxt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | LTCG THRU K-1'S - UBTI | AssetDesc |
| How Acquired | P | HowAcquiredTxt |
| Gross Sales Price | $382 | GrossSalesPriceAmt |
| Basis | $0 | BasisAmt |
| Total Net | $382 | TotalNetAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | GOLDMAN SACHS ACCOUNT | StockNm |
| EOY Book Value | $269,982,443 | EOYBookValueAmt |
| EOYFMV | $269,982,443 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $56,261,829 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $56,261,829 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MCDERMOTT, WILL, & EMERY | CategoryTxt |
| Legal Fees | $5,000 | LegalFeesAmt |
| Disbursements Charitable Prps | $5,000 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (8 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ETON PARK OVERSEAS FUND LTD | $16,917 | $1,988 | $1,988 |
| LONE CASCADE, LP #1 | $2,790,318 | $12,980,521 | $12,980,521 |
| LONE CASCADE, LP #2 | $6,773,606 | $0 | $0 |
| WHITEHALL PARALLEL RE LP XIII | $4,037 | $0 | $0 |
| WHITEHALL PARALLEL GL RE LP 01 | $9,016 | $8,793 | $8,793 |
| DIVIDEND RECEIVABLE | $394,250 | $411,192 | $411,192 |
| DUE F/ CHARINA ENDOWMENT FUND | $39,408 | $39,952 | $39,952 |
| REDEMPTION RECEIVABLE | $29,887 | $12,256 | $12,256 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ADJUSTMENT FOR DEFERRED FEDERAL EXCISE | $0 |
| TAXES | $849,375 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (22 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| CABLE | $1,398 | $1,398 | |
| INSURANCE | $14,895 | $14,895 | |
| FIRE SERVICE | $190 | $190 | |
| POSTAGE | $778 | $778 | |
| RENT EXPENSE | $407,897 | $305,923 | $101,974 |
| SUPPLIES | $3,655 | $3,655 | |
| TELEPHONE | $8,550 | $8,550 | |
| CONSULTING EXPENSE | $24,719 | $24,719 | |
| NYS FILING FEE | $1,500 | $1,500 | |
| PUBLIC NOTICE FEE | $165 | $165 | |
| INFORMATION TECHNOLOGY | $20,435 | $20,435 | |
| TRAVEL & ENTERTAINMENT | $63,019 | $63,019 | |
| SUBSCRIPTIONS | $995 | $995 | |
| MISCELLANEOUS OFFICE EXPENSE | $3,983 | $3,983 | |
| PAYROLL TAXES AND OTHER PR EXP | $240,591 | $120,296 | $120,295 |
| SALARY REIMBURSEMENTS FROM CEF | -$154,262 | -$77,131 | -$77,131 |
| PORTFOLIO DEDUCTIONS THRU K-1S | $232,844 | $232,844 | |
| FOREIGN TAX THRU GOLDMAN SACHS | $87,937 | $87,937 | |
| FOREIGN TAX THRU K-1S | $7,625 | $7,625 | |
| NON-DEDUCTIBLE EXP THRU K-1'S | $1 | ||
| BANK FEES | $307 | $307 | |
| FOREIGN TAX THRU K-1-UBTI | $2 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| OTHER INCOME FROM K-1'S | $734 | $734 |
| ORDINARY INCOME FROM K-1'S - UBTI | -$845 | |
| SEC 988 LOSS FROM K-1S | -$9 | -$9 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED APPRECIATION FROM INVESTMENTS | $42,260,640 |
| TAXES | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (8 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DUE TO HORACE W. GOLDSMITH FDN | $98,170 | $100,179 |
| DEFERRED FEDERAL EXCISE TAXES | $3,391,355 | $4,218,948 |
| STATE TAXES PAYABLE | $585 | $585 |
| ACCRUED ACCOUNTING FEES | $50,000 | $50,000 |
| ACCOUNTS PAYABLE | $35,886 | $23,496 |
| DUE TO GOLDMAN SACHS | $89,484 | $74,871 |
| FEDERAL UBTI TAXES | $7,500 | $7,500 |
| NYS UBTI TAXES | -$7,500 | -$7,500 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES PAID & DEFERRED | CategoryTxt |
| Amt | $78,218 | Amt |
Comments