MERKIN FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MERKIN FAMILY FOUNDATION (EIN 20-0527223)
- Tax period
- 2018-12-01 to 2019-11-30
- Filed
- 2020-10-12
- IRS object ID
- 202012869349100821
- Schema version
- 2018v3.2
- 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
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-10-12T18:17:13-05:00 | ReturnTs |
| Tax Period End | 2019-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953705481 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARBICH HOOPER KING DILL HOFFMAN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 E COMMERCENTER DR STE 350 | AddressLine1Txt |
| City | BAKERSFIELD | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200527223 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERKIN FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERK | BusinessNameControlTxt |
| Phone | 6616311171 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3115 OCEAN FRONT WALK NO 301 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD MERKIN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6616311171 | PhoneNum |
| Signature | 2020-10-09 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL J HOOPER | PreparerPersonNm |
| PTIN | P01351410 | PTIN |
| Phone | 6616311171 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 97.78.225.98 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-09 | IPDt |
| IP Tm | 14:32:14 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 2B25DF14FEB56AEA0C6B0460B99DBEF93CF872FC | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 6E3545319610C4C153AECC1E5A27476BE1B8662F | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-09-10 13:11:23Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $241,058,874 | 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 | $1,390,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $14,171 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14,171 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,469,021 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,469,021 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,728,637 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $20,816,885 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,728,637 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $4,982,224 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $4,982,224 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,584,053 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $10,194,053 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $200 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $56,940 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $962,219 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $962,219 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $155,532 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,017 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,176,908 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $962,219 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,498,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,498,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,674,908 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $962,219 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,498,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,909,145 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,231,834 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,204,691 | CashBOYAmt |
| Cash EOY | $31,754,996 | CashEOYAmt |
| Cash EOYFMV | $31,754,996 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $8,341,830 | AcctRcvblBOYAmt |
| Invst Land Cost Or Other Basis | $1,000,010 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $1,000,010 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,000,010 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $1,000,010 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $188,926,937 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $174,627,607 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $208,303,868 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $203,473,468 | TotalAssetsBOYAmt |
| Total Assets EOY | $207,382,613 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $241,058,874 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $203,473,468 | RetainedEarningBOYAmt |
| Retained Earning EOY | $207,382,613 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $203,473,468 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $207,382,613 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $203,473,468 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $207,382,613 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $203,473,468 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,909,145 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $207,382,613 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $207,382,613 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| CORINDUS VASCULAR ROBOTICS | P | 2019-02-27 | 2019-10-29 | $4,280,000 | $1,390,000 | $2,890,000 | $2,890,000 |
| JPM PRIME MM FD | P | 2018-11-12 | 2019-01-22 | $1,900,000 | $1,900,006 | -$6 | -$6 |
| FACEBOOK INC | P | 2018-01-12 | 2019-02-05 | $1,869,151 | $2,000,000 | -$130,849 | -$130,849 |
| JPM PRIME MM FD | P | 2019-02-01 | 2019-03-20 | $3,000,000 | $2,999,780 | $220 | $220 |
| LSC COMMUNICATION | P | 2017-01-03 | 2019-06-28 | $475,000 | $507,500 | -$32,500 | -$32,500 |
| LSC COMMUNICATION | P | 2017-01-03 | 2019-06-28 | $950,000 | $1,015,000 | -$65,000 | -$65,000 |
| LSC COMMUNICATION | P | 2017-01-03 | 2019-07-10 | $3,325,000 | $3,588,500 | -$263,500 | -$263,500 |
| JPM PRIME MM FD | P | 2019-07-11 | 2019-11-06 | $4,465,000 | $4,464,995 | $5 | $5 |
| GUGGENHEIM OPP | P | 2018-11-30 | 2019-11-30 | $486,531 | $179,874 | $306,657 | $306,657 |
| GUGGENHEIM NCZ | P | 2018-11-30 | 2019-11-30 | $12,883 | $12,883 | $12,883 | |
| CHATHAM INVETMENT III | P | 2018-11-30 | 2019-11-30 | $24,880 | -$24,880 | -$24,880 | |
| CHATHAM INVESTMENT FUND QP | P | 2018-11-30 | 2019-11-30 | $6,525 | $6,525 | $6,525 | |
| CHATHAM INVESTMENT FUND QP | P | 2018-11-30 | 2019-11-30 | $14,789 | -$14,789 | -$14,789 | |
| BREAKAWAY CAPITAL | P | 2018-11-30 | 2019-11-30 | $46,795 | $46,795 | $46,795 | |
| CANYON LAUREL INVESTMENT | P | 2018-11-30 | 2019-11-30 | $2,924 | -$2,924 | -$2,924 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,728,637 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $10,233,163 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $224,968,185 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.045487 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $9,829,177 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $210,864,901 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.046614 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $4,390,215 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $193,279,673 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.022714 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,853,453 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $146,026,384 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.033237 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $5,087,599 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $120,939,351 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.042067 | DistributionYr5Rt |
| Total Distribution | 0.190119 | TotalDistributionRt |
| Average Distribution | 0.038024 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $221,995,944 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $8,441,174 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $92,318 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $8,533,492 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $6,498,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $184,637 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $184,637 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $184,637 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $114,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $186,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $300,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $2,725 | EsPenaltyAmt |
| Overpayment | $112,638 | OverpaymentAmt |
| Applied To ES Tax | $112,638 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | BARBICH HOOPER KING DILL HOFFMAN | IndividualWithBooksNm |
| Phone | 6616311171 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5001 E COMMERCENTER DR STE 350 | AddressLine1Txt |
| City | BAKERSFIELD | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| RICHARD MERKIN | ||||||||
| 3115 OCEAN FRONT WALK SUITE 301 | MARINA DEL REY | CA | 90292 | PRESIDENT | 4.00 | $0 | $0 | $0 |
| ANNE WYMER | ||||||||
| 3115 OCEAN FRONT WALK SUITE 301 | MARINA DEL REY | CA | 90292 | SECRETARY/TREASURER | 4.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JSL CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 28TH STREET 321 | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISORY | ServiceTypeTxt |
| Compensation | $769,995 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $210,227,021 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $15,149,572 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $225,376,593 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $225,376,593 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,380,649 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $221,995,944 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,099,797 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,099,797 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $184,637 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $184,637 | TotalTaxAmt |
| Distributable Before Adj | $10,915,160 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $10,915,160 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $10,915,160 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,498,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $6,498,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $6,498,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $10,915,160 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,412,062 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,498,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,412,062 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,085,938 | 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 |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $5,829,222 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | RICHARD MERKIN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BROAD INSTITUTE | |||||||
| 415 MAIN STREET | CAMBRIDGE | MA | 02142 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $1,000,000 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY | |||||||
| 1200 E CALIFORNIA BLVD | PASADENA | CA | 91125 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $2,650,000 |
| FASTER CURES | |||||||
| 1101 NEW YORK AVENUE NW SUITE 620 | WASHINGTON | DC | 20005 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $125,000 |
| INDIA COMMUNITY CENTER | |||||||
| 525 LOS COCHES ST | MILPITAS | CA | 95035 | NONE | OTHER PUBLIC CHARITY | COMMUNITY SUPPORT | $5,000 |
| INTERNATIONAL DOCUMENTARY ASSOCIATION | |||||||
| 3470 WILSHIRE BLVD STE 980 | LOS ANGELES | CA | 900103900 | NONE | OTHER PUBLIC CHARITY | ARTS & EDUCATION | $10,000 |
| KECK SCHOOL OF MEDICINE OF USC | |||||||
| 1975 ZONAL AVENUE KAM 300 | LOS ANGELES | CA | 90089 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $500,000 |
| KEEP MEMORY ALIVE | |||||||
| 888 W BONNEVILLE AVENUE | LAS VEGAS | NV | 89106 | NONE | OTHER PUBLIC CHARITY | BRAIN RESEARCH | $60,000 |
| LOS ANGELES BALLET | |||||||
| 11755 EXPOSITION BLVD | LOS ANGELES | CA | 90064 | NONE | OTHER PUBLIC CHARITY | ARTS & EDUCATIONARTS & EDUCATION | $25,000 |
| LOS ANGELES COUNTY MUSEUM OF ART | |||||||
| 5905 WILSHIRE BLVD | LOS ANGELES | CA | 90036 | NONE | OTHER PUBLIC CHARITY | ARTS & EDUCATION | $100,000 |
| LOS ANGELES PHILHARMONIC ASSOC | |||||||
| 151 SOUTH GRAND AVE | LOS ANGELES | CA | 90012 | NONE | OTHER PUBLIC CHARITY | ARTS & EDUCATION | $15,000 |
| LUPUS LA | |||||||
| 8383 WILSHIRE STE 232 | BEVERLY HILLS | CA | 90211 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $5,000 |
| MILKEN INSTITUTE | |||||||
| PO BOX 1596 | FLUSHING | CA | 11354 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $200,000 |
| PROSTATE CANCER FOUNDATION | |||||||
| 1250 FOURTH ST | SANTA MONICA | CA | 90401 | NONE | OTHER PUBLIC CHARITY | MEDICAL AND CANCER RESEARCH | $305,000 |
| UCLA FOUNDATION | |||||||
| 10920 WILSHIRE BLVD STE 1400 | LOS ANGELES | CA | 90024 | NONE | OTHER PUBLIC CHARITY | MEDICAL RESEARCH | $20,000 |
| UNITED FRIENDS OF THE CHILDREN | |||||||
| 1055 WILSHIRE BLVD STE 1955 | LOS ANGELES | CA | 90024 | NONE | OTHER PUBLIC CHARITY | FOSTER YOUTH SUPPORT | $10,000 |
| X PRIZE FOUNDATION | |||||||
| 5510 LINCOLN BLVD STE 100 | PLAYA VISTA | CA | 900942034 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $400,000 |
| YMCAY ANGELS | |||||||
| 350 N 1ST AVE | PHOENIX | AZ | 85003 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $15,000 |
| ANDRE REEN FOUNDATION | |||||||
| 354 INDIGO WAY | ALLENTOWN | PA | 18104 | NONE | OTHER PUBLIC CHARITY | CHILD ADVOCACY | $3,000 |
| MICHIGAN STATE UNIVERSITY | |||||||
| 535 CHESTNUT ROAD ROOM 300 | EAST LANSING | MI | 48824 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $50,000 |
| WGU ADVANCEMENT | |||||||
| 4001 S 700 E STE 700 | SALT LAKE CITY | UT | 84107 | NONE | OTHER PUBLIC CHARITY | EDUCATION | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,498,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14,171 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,469,021 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,982,224 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $2,728,637 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $7,465,416 | ExclusionAmt |
| Related Or Exempt Function Incm | $2,728,637 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $10,194,053 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | REDEMPTION OF INVESTMENTS TO PROVIDE CASH FOR DONATIONS TO VARIOUS CHARITABLE ORGANIZATIONS | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL VALLEY ADMINISTRATORS INC | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3115 OCEAN FRONT WALK SUITE 301 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,390,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 1,000,000 OF CORDINDUS VASCULAR ROBOTICS STOCK | NoncashPropertyDesc |
| Fair Market Value | $1,390,000 | FairMarketValueAmt |
| Received | 2019-02-27 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $56,940 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GUGGENHEIM PARTNERS OPPORTUNISTIC | FMV | $12,339,824 | $24,185,837 |
| CHATHAM FUND QP IV, LLC | FMV | $1,318,878 | $1,308,652 |
| POLIWOGG HOLDINGS, INC | FMV | $250,000 | $250,000 |
| MIDOCEAN ABSOLUTE RETURN | FMV | $25,887,368 | $30,624,974 |
| BREAKAWAY CAPITAL | FMV | $4,984,740 | $5,058,894 |
| SILVER ROCK OPPORTUNITIES | FMV | $50,000,000 | $55,717,524 |
| JP MORGAN PRIVATE BANK | FMV | $75,404,029 | $85,348,803 |
| CANYON LAURAL INVT. FUND (A) LP | FMV | $4,442,767 | $5,808,268 |
| GUGGENHEIM NZC | FMV | $1 | $916 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $200 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LICENSE & FILING FEES | $482 | $0 | $0 |
| BREAKWAY CAP PTNR EXPENSE | $1,535 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| TECH STYLE | $2,778,987 | $2,778,987 | $2,778,987 |
| CHATHAM FUND III | -$1,617 | -$1,617 | -$1,617 |
| BREAKAWAY INVESTMENT RENTAL INCOME | $14 | $14 | $14 |
| CANYON LAUREL ORIDNARY INCOME | -$9,106 | -$9,106 | -$9,106 |
| CANYON LAUREL RENTAL INCOME | -$16,770 | -$16,770 | -$16,770 |
| BREAKAWAY INVESTMENT OTHER INCOME | $130,073 | $130,073 | $130,073 |
| CANYON LAUREL OTHER INCOME | $820 | $820 | $820 |
| MIDOCEAN-PFIC INCOME | $314,830 | $314,830 | $314,830 |
| GUGGENHEIM OPP-PFIC INCOME | $970,879 | $970,879 | $970,879 |
| GUGGENHEIM OPP-PFIC SUBPART F | $809,511 | $809,511 | $809,511 |
| JP MORGAN CURRENCY GAIN | $498 | $498 | $498 |
| MINERVA HOLDINGS | $4,105 | $4,105 | $4,105 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING SERVICES | $769,995 | $769,995 | $0 |
| INVESTMENT EXPENSE | $192,224 | $192,224 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PROPERTY TAXES | $9,650 | $0 | $0 |
| STATE TAX | $10 | $0 | $0 |
| FEDERAL TAX | $145,872 | $0 | $0 |
Comments