VERENA FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- VERENA FOUNDATION (EIN 26-0129922)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-10-14
- IRS object ID
- 202012889349101506
- 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
- Depreciation Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Loans From Officers Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-10-14T22:21:33-04:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DP ACCOUNTING & TAX | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5267 N DIXIE HWY | AddressLine1Txt |
| City | Fort Lauderdale | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33334 | 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 | 260129922 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERENA FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VERE | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3635 NE 1st Avenue | AddressLine1Txt |
| City | Miami | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33137 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HART PORSCH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3056748388 | PhoneNum |
| Signature | 2020-06-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PRISCILLA MICHEL | PreparerPersonNm |
| PTIN | P01841835 | PTIN |
| Phone | 5612123826 | PhoneNum |
| Preparation | 2020-10-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 73.85.144.61 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-14 | IPDt |
| IP Tm | 22:45:56 | IPTm |
| Federal Original Submission Id | 6181102020288tt1v0nz | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-10-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F8272B368372E40982F7EEF18B55A9A85B6D7153 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F8272B368372E40982F7EEF18B55A9A85B6D7153 | 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 | $25,700 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Gross Rents Rev And Expnss | $31,126 | GrossRentsRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | $323 | NetGainSaleAstRevAndExpnssAmt |
| Total Rev And Expnss | $31,449 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $6,160 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $6,160 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $625 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $79 | OtherProfFeesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $583 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $19,622 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $19,622 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $4,025 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,025 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $11,179 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $42,273 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $29,807 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $42,273 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $29,807 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$10,824 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | -$2 | CashBOYAmt |
| Cash EOY | $25,700 | CashEOYAmt |
| Cash EOYFMV | $25,700 | CashEOYFMVAmt |
| Invst Land Cost Or Other Basis | $1,996,907 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $1,996,907 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,996,907 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $161,921 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $161,921 | OtherInvestmentsEOYAmt |
| Land Bldg Equip Cost Or Other Bss | $116,134 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $101,534 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $15,183 | LandBOYAmt |
| Land EOY | $14,600 | LandEOYAmt |
| Total Assets BOY | $2,174,009 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,199,128 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $25,700 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $5,184 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $41,127 | LoansFromOfficersEOYAmt |
| Other Liabilities BOY | $527 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $527 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $5,711 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $41,654 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,168,298 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,157,474 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,168,298 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,157,474 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,174,009 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,199,128 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,168,298 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$10,824 | ExcessRevenueOverExpensesAmt |
| Subtotal | $2,157,474 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,157,474 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $37,073 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $692,989 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.053497 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $20,408 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $703,542 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.029008 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $7,669 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $703,542 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.010901 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $45,218 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $692,989 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.065251 | DistributionYr4Rt |
| Net Vl Noncharitable Assets Yr5 | $692,989 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.0 | DistributionYr5Rt |
| Total Distribution | 0.158656 | TotalDistributionRt |
| Average Distribution | 0.031731 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $692,989 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $21,989 | AdjNetVlNoncharitableAssetsAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $21,989 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $29,807 | 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 | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
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 | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Individual With Books | VERENA FOUNDATION | IndividualWithBooksNm |
| Phone | 3056748388 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3635 NE 1st Ave 1411 | AddressLine1Txt |
| City | Miami | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33137 | 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 |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HARTMUT PORSCH | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3635 NE 1ST AVE 1411 | AddressLine1Txt |
| City | Miami | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33137 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | DIRECTOR | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 20.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $703,443 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $99 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $703,542 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $703,542 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $10,553 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $692,989 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $34,649 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $34,649 | MinimumInvestmentReturnAmt |
| Distributable Before Adj | $34,649 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $34,649 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $34,649 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $29,807 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $29,807 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $29,807 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $34,649 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $29,284 | UndistributedIncomePYAmt |
| Qualifying Distributions | $29,807 | QualifyingDistributionsAmt |
| Applied To Year1 | $29,284 | AppliedToYear1Amt |
| Applied To Current Year | $523 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $34,126 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | HARRT PORSCH | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | HARTMUT PORSCH | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3635 NE 1st Ave 1411 | AddressLine1Txt |
| City | Miami | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33137 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3056748388 | RecipientPhoneNum |
| Form And Info And Materials | MAIL OR EMAILVERENAFOUNDATION@GMAIL.COM | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | ARTS & EDUCATION RELATED | RestrictionsOnAwardsTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROPERTY RENTAL | Desc |
| Business | 531110 | BusinessCd |
| Exclusion | 03 | ExclusionCd |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEE | CategoryTxt |
| Amt | $625 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| FURNITURE | 2006-01-01 | $72,155 | $72,155 | SL | 7 | $0 | $0 | $0 |
| LEASEHOLD IMPROV | 2006-01-01 | $22,738 | $7,555 | SL | 39 | $583 | $0 | $0 |
| OFFICE EQUIPMENT | 2007-01-01 | $18,941 | $18,941 | SL | 7 | $0 | $0 | $0 |
| COMPUTER | 2008-07-01 | $1,855 | $1,855 | M | 5 | $0 | $0 | $0 |
| COMPUTER | 2013-07-31 | $374 | $374 | M | 5 | $0 | $0 | $0 |
| OFFICE EQUIPMENT | 2015-01-01 | $71 | $71 | SL | 1 | $0 | $0 | $0 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LAND HOLDING BALAM | CategoryOrItemTxt |
| Cost Or Other Basis | $1,996,907 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $0 | AccumulatedDepreciationAmt |
| Book Value | $1,996,907 | BookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ZIMBABWE LAND | $10,660 | $0 |
| PAINTINGS AND FRAMES | $57,569 | $0 |
| ZIMBABWE ART CENTER | $43,720 | $0 |
| ART WORK | $49,972 | $0 |
| ARCUEIL | $0 | $0 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| COMPUTER 3028 | $1,855 | $1,855 | $0 | $0 |
| OFFICE EQUIPMENT 3027 | $19,012 | $19,012 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS 3026 | $22,738 | $8,138 | $14,600 | $0 |
| FURNITURE 3025 | $72,155 | $72,155 | $0 | $0 |
| COMPUTER 3028 | $374 | $374 | $0 | $0 |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lender Person | HARTMUT PORSCH | LenderPersonNm |
| Title | DIRECTOR | TitleTxt |
| Loan Original | $0 | LoanOriginalAmt |
| Balance Due | $41,127 | BalanceDueAmt |
| Interest | 0 | InterestRt |
| Consideration FMV | $0 | ConsiderationFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK SERVICE CHARGES | $375 | $0 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $0 | $0 | $0 | $0 |
| INSURANCE | $2,098 | $0 | $0 | $0 |
| OFFICE EXPENSE | $1,713 | $0 | $0 | $0 |
| LICENSE AND PERMITS | $492 | $0 | $0 | $0 |
| BUSINESS EXPENSE | $6,243 | $0 | $0 | $0 |
| TELEPHONE | $115 | $0 | $0 | $0 |
| POSTAGE | $143 | $0 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Other liabilities | $0 | $0 |
| CREDIT CARD | $527 | $527 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES OTHER | CategoryTxt |
| Amt | $79 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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