THE GRACE AND MERCY FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE GRACE AND MERCY FOUNDATION INC (EIN 20-8050779)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202003219349104905
- 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
- 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 | 2020-11-16T12:32:32-08:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 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 | 2019-01-01 | 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 | PRESIDENT | PersonTitleTxt |
| Phone | 2129842561 | PhoneNum |
| Signature | 2020-07-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | John T Ablamsky | PreparerPersonNm |
| PTIN | P01379861 | PTIN |
| Phone | 5168834306 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 74.101.192.216 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 12:32:21 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 326F2DCCD799D713330F338F44D6101C7687101C | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 326F2DCCD799D713330F338F44D6101C7687101C | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $632,129,591 | 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 | $14,126,735 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $7,692,339 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7,692,339 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $308,626 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $308,626 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,857,480 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,617,611 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,857,480 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | -$27,370 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$27,370 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $32,957,810 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $18,831,075 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $3,297,328 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $1,154,064 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $2,143,264 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $611,355 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $611,355 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $201,277 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $201,277 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $120,799 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $116,862 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,937 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $0 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $6,424 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $3,212 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $113,200 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $113,200 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $225,841 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $225,841 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,864,984 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $70,314 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,794,670 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,441,208 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,344,452 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,093,544 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $22,685,090 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $22,685,090 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $29,126,298 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,344,452 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $27,778,634 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,831,512 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $17,486,623 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $19,100 | CashBOYAmt |
| Cash EOY | $41,315 | CashEOYAmt |
| Cash EOYFMV | $41,315 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $380,822,421 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $363,367,682 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $363,367,682 | 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 | $89,761,545 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $217,410,207 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $268,070,068 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $54,560 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,727 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $7,963 | LandBOYAmt |
| Land EOY | $4,833 | LandEOYAmt |
| Land EOYFMV | $4,833 | LandEOYFMVAmt |
| Other Assets BOY | $84,635 | OtherAssetsBOYAmt |
| Other Assets EOY | $645,693 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $645,693 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $470,695,664 | TotalAssetsBOYAmt |
| Total Assets EOY | $581,469,730 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $632,129,591 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $91,940 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $50,595 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $91,940 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $50,595 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $470,603,724 | CapitalStockBOYAmt |
| Capital Stock EOY | $581,419,135 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $470,603,724 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $581,419,135 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $470,695,664 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $581,469,730 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $470,603,724 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,831,512 | ExcessRevenueOverExpensesAmt |
| Other Increases | $120,954,311 | OtherIncreasesAmt |
| Subtotal | $595,389,547 | SubtotalAmt |
| Other Decreases | $13,970,412 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $581,419,135 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,836.8411 SHARES OF FALCON EDGE GLOBAL, LTD | P | 2015-07-14 | 2019-07-22 | $738,935 | $0 | $620,300 | $118,635 | $0 | $0 | $0 | $118,635 |
| 7,213.2303 SHARES OF DISCOVERY GLOBAL OPPORTUNITY FUND, LTD | P | 2015-07-14 | 2019-07-24 | $1,745,889 | $0 | $1,046,808 | $699,081 | $0 | $0 | $0 | $699,081 |
| 15,000 SHARES OF CASCABEL OFFSHORE, LTD | P | 2011-03-01 | 2019-01-31 | $1,509 | $0 | $6,115 | -$4,606 | $0 | $0 | $0 | -$4,606 |
| 15,000 SHARES OF CASCABEL OFFSHORE, LTD | P | 2011-03-01 | 2019-01-31 | $27,374 | $0 | $130,962 | -$103,588 | $0 | $0 | $0 | -$103,588 |
| 7,492 SHARES OF AMAZON.COM | D | 2011-01-01 | 2019-12-27 | $14,103,904 | $0 | $3,656,845 | $10,447,059 | $0 | $0 | $0 | $10,447,059 |
| MORGAN STANLEY - MONEY MARKET - MS SWAP LOSS | P | 2018-07-15 | 2019-08-31 | $0 | $0 | $271,636 | -$271,636 | $0 | $0 | $0 | -$271,636 |
| LONG OAR LTD | P | 2016-12-31 | 2019-04-30 | $0 | $0 | $27,465 | -$27,465 | $0 | $0 | $0 | -$27,465 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,857,480 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $20,036,182 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $503,390,947 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.039802 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $12,966,302 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $302,748,155 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.042829 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $9,833,958 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $136,891,394 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.071838 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $8,088,015 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $69,582,524 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.116236 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $9,401,290 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $71,535,752 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.131421 | DistributionYr5Rt |
| Total Distribution | 0.402126 | TotalDistributionRt |
| Average Distribution | 0.080425 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $569,502,500 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $45,802,239 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $174,866 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $45,977,105 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $27,778,634 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $349,732 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $349,732 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $349,732 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $759,456 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $850,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,609,456 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$1,609,456 | OriginalReturnOverpaymentAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $1,259,724 | OverpaymentAmt |
| Applied To ES Tax | $1,259,724 | 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 (5 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 | PRESIDENT | 40.00 | $525,000 | $58,160 | $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 | V.P./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 | VICE CHAIRPERSON | 1.00 | $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 |
|---|---|---|---|---|---|---|---|---|
| EUNG SIK KIM | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $400,000 | $48,489 | $0 |
| LANYU XU | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $290,000 | $32,389 | $0 |
| DANIEL SANFORD | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $290,000 | $56,063 | $0 |
| AE RAN MOON | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $277,612 | $24,699 | $0 |
| SAMUEL TRAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | NEW YORK | NY | 10019 | PROGRAM OFFICER | 40.00 | $205,000 | $33,127 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 16 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| 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 | $366,692,358 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $211,482,769 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $578,175,127 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $578,175,127 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $8,672,627 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $569,502,500 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $28,475,125 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $28,475,125 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $349,732 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $349,732 | TotalTaxAmt |
| Distributable Before Adj | $28,125,393 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $28,125,393 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $28,125,393 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $27,778,634 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $27,778,634 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $27,778,634 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $28,125,393 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $5,992,008 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,852,971 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,639,248 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,131,317 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $16,615,544 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $27,778,634 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $27,778,634 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $346,759 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $346,759 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $16,268,785 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $5,645,249 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $10,623,536 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,852,971 | ExcessFromYear4Amt |
| Excess From Year3 | $4,639,248 | ExcessFromYear3Amt |
| Excess From Year2 | $1,131,317 | 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 (66 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A ROCHA USA | ||||||
| PO Box 1338 | 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 | $95,000 |
| AVAIL NYC | ||||||
| 110 East 40th Street Suite 706 | NEW YORK | NY | 10016 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| BEACON CHRISTIAN COMMUNITY HEALTH CENTER | ||||||
| 2079 Forest Ave | STATEN ISLAND | NY | 10303 | 509(a)1170(b)(1)(A) | MEDICAL | $125,000 |
| CHILDREN'S AID | ||||||
| 711 THIRD AVENUE SUITE 700 | NEW YORK | NY | 10017 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| CHRISTIAN EMBASSY | ||||||
| 2111 WILSON BOULEVARD SUITE 700 | ARLINGTON | VA | 22201 | 509(a)1170(b)(1)(A) | COMMUNITY | $40,000 |
| CHRISTIAN UNION | ||||||
| 19 Vandeventer Ave | PRINCETON | NJ | 08542 | 509(a)1170(b)(1)(A) | RELIGIOUS | $60,000 |
| CHURCH MULTIPLICATION MINISTRIES | ||||||
| PO BOX 3284 | ALPHARETTA | GA | 30023 | 509(a)1170(b)(1)(A) | RELIGIOUS | $75,000 |
| CITY SEMINARY OF NEW YORK | ||||||
| 302 W 119th St | 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 EAST PALISADE AVE | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | EDUCATION | $110,000 |
| 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 | ||||||
| 6 Drummond Pl 2 | RED BANK | NJ | 07701 | 509(a)1170(b)(1)(A) | EDUCATION | $127,590 |
| FULLER THEOLOGICAL SEMINARY | ||||||
| 135 N Oakland Ave | PASADENA | CA | 91101 | 509(a)1170(b)(1)(A) | RELIGIOUS | $2,140,000 |
| HOPE FOR NEW YORK | ||||||
| 1359 BROADWAY | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $150,000 |
| INFINITY BIBLE CHURCH | ||||||
| 1619 E 174th St | BRONZ | 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) | HUMANTIARIAN | $700,000 |
| KOREAN AMERICAN FAMILY SERVICE CENTER | ||||||
| PO BOX 541429 | FLUSHING | NY | 11354 | 509(a)1170(b)(1)(A) | CULTURAL | $50,000 |
| KOREAN EVANGELICAL MISSION FOR HISPANICS | ||||||
| 2148 Seaview Dr | FULLTERON | CA | 92833 | 509(a)1170(b)(1)(A) | RELIGIOUS | $300,000 |
| LAUSANNE MOVEMENT | ||||||
| 10524 MOSS PARK ROAD SUITE 201 358 | ORLANDO | FL | 32832 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| LIBERTY IN NORTH KOREA | ||||||
| 1751 Torrance Blvd STE L | TORRANCE | CA | 90501 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $400,000 |
| LUIS PALAU ASSOCIATION | ||||||
| PO Box 50 | PORTLAND | OR | 97207 | 509(a)1170(b)(1)(A) | RELIGIOUS | $275,000 |
| MANHATTAN CHRISTIAN ACADEMY | ||||||
| 401 WEST 205TH STREET | NEW YORK | NY | 10034 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $220,000 |
| METRO COMMUNITY CHURCH | ||||||
| 291 S Van Brunt Street Unit 4 | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | RELIGIOUS | $10,000 |
| MILITARY COMMUNITY YOUTH MINISTRIES | ||||||
| 420 N Cascade Ave | COLORADO SPRINGS | CO | 80903 | 509(a)1170(b)(1)(A) | RELIGIOUS | $37,500 |
| NEHEMIAH COMMUNITY DEVELOPMENT CORP | ||||||
| 655 W Badger Road | 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 | ||||||
| PO Box 111 | NEW CANAAN | CT | 06840 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $125,000 |
| NEW YORK CITY RELIEF | ||||||
| 1359 Broadway | NEW YORK | NY | 10018 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $150,000 |
| NOMI NETWORK | ||||||
| po box 533 | NEW YORK | NY | 10116 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $75,000 |
| OPEN HANDS LEGAL SERVICES INC | ||||||
| 244 5th Avenue Suite 2129 | NEW YORK | NY | 10001 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $67,500 |
| OTR LIVING WATER MINISTRY | ||||||
| 1528 Race Street | CINCINNATI | OH | 45202 | 509(a)1170(b)(1)(A) | RELIGIOUS | $25,000 |
| PRISON FELLOWSHIP INTERNATIONAL | ||||||
| PO Box 1550 | MERRIFIELD | VA | 22116 | 509(a)1170(b)(1)(A) | RELIGIOUS | $273,000 |
| RAVI ZACHARIAS INTERNATIONAL MINISTRIES | ||||||
| 3755 Mansell Road | ALPHARETTA | GA | 30022 | 509(a)1170(b)(1)(A) | RELIGIOUS | $1,200,000 |
| RESTORE NYC | ||||||
| PO Box 1003 Bowling Green Station | NEW YORK | NY | 10274 | 509(a)1170(b)(1)(A) | COMMUNITY | $130,000 |
| RISING TIDE CAPITAL | ||||||
| 334 Martin Luther King Dr | JERSEY CITY | NJ | 07305 | 509(a)1170(b)(1)(A) | COMMUNITY | $175,000 |
| THE BIBLE PROJECT | ||||||
| 1302 SE ANKENY STREET | PORTLAND | OR | 97214 | 509(a)1170(b)(1)(A) | RELIGIOUS | $75,000 |
| THE BOWERY MISSION | ||||||
| 227 Bowery | NEW YORK | NY | 10002 | 509(a)1170(b)(1)(A) | COMMUNITY | $275,000 |
| THE FULLER FOUNDATION | ||||||
| 135 N OAKLAND AVE | PASADENA | CA | 91185 | 509(a)1170(b)(1)(A) | COMMUNITY | $7,000,000 |
| THE GENEVA SCHOOL OF MANHATTAN | ||||||
| 593 Park Ave | NEW YORK | NY | 10065 | 509(a)1170(b)(1)(A) | EDUCATION | $175,000 |
| THE KING'S COLLEGE | ||||||
| 52 Broadway | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $475,000 |
| THEOLOGY OF WORK PROJECT | ||||||
| PO Box 218 | HAMILTON | MA | 01936 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| USTA FOUNDATION | ||||||
| 70 W Red Oak Ln 1 | WHITE PLAINS | NY | 10604 | 509(a)1170(b)(1)(A) | EDUCATION | $75,000 |
| YOUNG LIFE NEW YORK CITY | ||||||
| 120 W 14th Street | NEW YORK | NY | 10011 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| ZIMELE USA | ||||||
| PO BOX 5543 | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $30,000 |
| NURU INTERNATIONAL | ||||||
| 2020 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20006 | 509(a)1170(b)(1)(A) | COMMUNITY | $85,000 |
| PAVE SCHOOLS | ||||||
| 732 HENRY ST | BROOKLYN | NY | 11231 | 509(a)1170(b)(1)(A) | EDUCATION | $100,000 |
| INTERVARSITY CHRISTIAN FELLOWSHIP | ||||||
| PO BOX 7895 | MADISON | WI | 53707 | 509(a)1170(b)(1)(A) | COMMUNITY | $175,000 |
| HOUGHTON COLLEGE | ||||||
| 1 WILLARD AVE | HOUGHTON | NY | 14744 | 509(a)1170(b)(1)(A) | EDUCATION | $75,000 |
| MANGO FUND INC | ||||||
| 475 MASSACHUSETTS AVENUE | ARLINGTON | MA | 02474 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| PRISON FOLLOWSHIP MINISTRIES | ||||||
| PO BOX 1550 | MERRIFIELD | VA | 22116 | 509(a)1170(b)(1)(A) | COMMUNITY | $56,000 |
| CITY GATE | ||||||
| 2153 CHUCKWAGON RD | COLORADO SPRINGS | CO | 80919 | 509(a)1170(b)(1)(A) | COMMUNITY | $7,500 |
| WINSCONSIN CENTER FOR CHRISTIAN STUDY | ||||||
| 221 N GRANDVIEW BLVD | WAUKESHA | WI | 53188 | 509(a)1170(b)(1)(A) | EDUCATION | $26,000 |
| GEORGE W BUSH PRESIDENTIAL CENTER | ||||||
| 2943 SMU BOULEVARD | DALLAS | TX | 75205 | 509(a)1170(b)(1)(A) | COMMUNITY | $1,000,000 |
| HAWAIIAN ISLANDS MINISTRIES | ||||||
| PO BOX 777 | HONOLULU | HI | 96808 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| SALVATION ARMY GREATER NEW YORK DIVISION | ||||||
| 120 W 14TH STREET | NEW YORK | NY | 10011 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| CHODAE COMMUNITY CHURCH | ||||||
| 100 ROCKLAND AVE | NORWOOD | NJ | 07648 | 509(a)1170(b)(1)(A) | COMMUNITY | $5,000 |
| UNION RESCUE MISSION | ||||||
| 545 SAN PEDRO ST | LOS ANGELES | CA | 90013 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $2,000,000 |
| CARNEGIE HALL | ||||||
| 881 7TH AVE | NEW YORK CITY | NY | 10019 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| PULSE MOVEMENT | ||||||
| 600 S 9TH STREET | MINNEAPOLLS | MN | 55404 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| REFORMED UNIVERSITY FELLOWSHIP | ||||||
| 1700 N BROWN RD | LAWRENCEVILLE | GA | 30043 | 509(a)1170(b)(1)(A) | COMMUNITY | $25,000 |
| FAITH COMES BY HEARING | ||||||
| 2421 AZTEC RD NE | ALBUQUERQUE | NM | 87107 | 509(a)1170(b)(1)(A) | COMMUNITY | $1,300,000 |
| REDEEMER CITY TO CITY | ||||||
| 1166 6TH AVE | NEW YORK | NY | 10036 | 509(a)1170(b)(1)(A) | COMMUNITY | $100,000 |
| HOLY NAME MEDICAL CENTER FOUNDATION | ||||||
| 718 TEANECK ROAD | TEANECK | NJ | 07666 | 509(a)1170(b)(1)(A) | MEDICAL | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $22,685,090 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,692,339 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $308,626 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,857,480 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| LONE CASCADE, L.P. - FROM K-1 | 14 | $727,264 |
| KKR GLOBAL IMPACT FUND SCSP - FROM K-1 | 14 | -$121,092 |
| TIGER GLOBAL PRIV INV PARTNERS XI - FROM K-1 | 14 | -$511,777 |
| FURTHER GLOBAL CAPITAL PARTNERS-A, LP - FROM K-1 | 14 | -$121,765 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $18,831,075 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $18,831,075 | 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 | $14,126,735 | 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 | 7,492 SHARES OF AMAZON.COM | NoncashPropertyDesc |
| Fair Market Value | $14,126,735 | FairMarketValueAmt |
| Received | 2019-12-27 | 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 | $15,750 | $11,813 | $3,937 |
| CITCO FUND SERVICES FUND SERVICES | $105,049 | $105,049 | $0 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (18 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 | $1,662 | 200DB | 7.000000000000 | $191 | $95 |
| F&F | 2014-06-09 | $6,904 | $5,364 | 200DB | 7.000000000000 | $616 | $308 |
| F&F | 2015-07-01 | $838 | $577 | 200DB | 7.000000000000 | $75 | $38 |
| COMPUTER | 2015-07-01 | $568 | $470 | 200DB | 5.000000000000 | $65 | $33 |
| F&F | 2016-07-01 | $1,020 | $574 | 200DB | 7.000000000000 | $127 | $63 |
| COMPUTER | 2017-07-01 | $10,708 | $5,568 | 200DB | 5.000000000000 | $2,056 | $1,028 |
| F&F | 2019-07-01 | $3,294 | 200DB | 7.000000000000 | $0 | $1,647 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| 1,836.8411 SHARES OF FALCON EDGE GLOBAL, LTD | 2014-07 | Purchased | 2019-07 | $738,935 | $620,300 | $118,635 |
| 7,213.2303 SHARES OF DISCOVERY GLOBAL OPPORTUNITY FUND, LTD | 2014-07 | Purchased | 2019-07 | $1,745,889 | $1,046,808 | $699,081 |
| 15,000 SHARES OF CASCABEL OFFSHORE, LTD | 2011-03 | Purchased | 2019-01 | $1,509 | $6,115 | -$4,606 |
| 15,000 SHARES OF CASCABEL OFFSHORE, LTD | 2011-03 | Purchased | 2019-01 | $27,374 | $130,962 | -$103,588 |
| 7,492 SHARES OF AMAZON.COM | 2011-01 | Donated | 2019-12 | $14,103,904 | $3,656,845 | $10,447,059 |
| MORGAN STANLEY - MONEY MARKET - MS SWAP LOSS | 2018-07 | Purchased | 2019-08 | $0 | $271,636 | -$271,636 |
| LONG OAR LTD | 2019-12 | Purchased | 2019-04 | $0 | $27,465 | -$27,465 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | VARIOUS INVESTMENTS | CategoryOrItemTxt |
| Book Value | $217,410,207 | BookValueAmt |
| EOYFMV | $268,070,068 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| FURNITURE & FIXTURES | $26,665 | $24,950 | $1,715 |
| COMPUTER EQUIPMENT | $27,895 | $24,777 | $3,118 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (4 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| ROPES & GRAY LLP LEGAL | $96,058 | $96,058 |
| GIBBONS P.C. LEGAL | $86,809 | $86,809 |
| JUDY CHANG LAW FIRM LEGAL | $14,830 | $14,830 |
| US DEPARTMENT OF HOMELAND SECURITY LEGAL | $3,580 | $3,580 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SECURITY DEPOSIT | $4,465 | $565,693 | $565,693 |
| UNDEPOSITED FUNDS | $170 | $0 | $0 |
| MISCELLANEOUS | $80,000 | $80,000 | $80,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NONDEDUCTIBLE EXPENSES | $116,918 |
| BOOK TO TAX ADJUSTMENT | $13,853,494 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| NYS FILING FEES | $1,500 | $0 | $1,500 |
| MISCELLANEOUS | $50,934 | $0 | $50,934 |
| INSURANCE | $27,010 | $0 | $27,010 |
| PAYROLL EXPENSES | $200,896 | $70,314 | $130,582 |
| SUPPLIES,POSTAGE,PRINTING,ETC | $207,885 | $0 | $207,885 |
| REG. CONF. SEMINAR | $41,885 | $0 | $41,885 |
| LOCAL TRANSPORTATION | $61,771 | $0 | $61,771 |
| MEALS @ 50% | $116,918 | $0 | $116,918 |
| CONTRACT HIRE | $573,680 | $0 | $573,680 |
| OTHER FILING FEES | $64 | $0 | $64 |
| RESEARCH | $582,441 | $0 | $582,441 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| LONE CASCADE, L.P. - FROM K-1 | $727,264 | $727,264 |
| KKR GLOBAL IMPACT FUND SCSP - FROM K-1 | -$121,092 | -$121,092 |
| TIGER GLOBAL PRIV INV PARTNERS XI - FROM K-1 | -$511,777 | -$511,777 |
| FURTHER GLOBAL CAPITAL PARTNERS-A, LP - FROM K-1 | -$121,765 | -$121,765 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK TO TAX ADJUSTMENT | Desc |
| Amt | $120,954,311 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRALS | $47,780 | $6,390 |
| CREDIT CARD | $44,160 | $44,205 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $0 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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