KAPNICK FOUNDATION TR: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- KAPNICK FOUNDATION TR (EIN 36-7434011)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202013219349105241
- 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
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T15:18:15-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 WATER STREET 9TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 367434011 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KAPNICK FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | U/A/S 8/15/04 | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ERNST & YOUNG US LLP | InCareOfNm |
| Business Name Control | KAPN | BusinessNameControlTxt |
| Phone | 2124400800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 73 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 102740073 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT B KAPNICK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2123960333 | PhoneNum |
| Signature | 2020-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | William Rabetz | PreparerPersonNm |
| PTIN | P00963994 | PTIN |
| Phone | 2124400800 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 96.246.206.231 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 26363620203215000018 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-16 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 91DF8E835DC407B954C418444727BC203F1C766A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | BF6741686A87976A47A0DBB5902AE8537C8667CA | 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 | $52,899,923 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $158,595 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $158,595 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $0 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $3,671,502 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,669,994 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $0 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$2,470 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,909,792 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $536,357 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $437,260 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $4,363,984 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,265,849 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $322,685 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $470,101 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $423,720 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,340 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $792,786 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $423,720 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $11,340 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,688,974 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,688,974 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,481,760 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $423,720 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,700,314 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,117,776 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,842,129 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $522,216 | CashBOYAmt |
| Cash EOY | $525,899 | CashEOYAmt |
| Cash EOYFMV | $525,899 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $17,048,716 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,044,188 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $6,044,188 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $52,034,300 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $58,917,369 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $46,329,836 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $69,605,232 | TotalAssetsBOYAmt |
| Total Assets EOY | $65,487,456 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $52,899,923 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $29,857 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $29,857 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $29,857 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $29,857 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $69,575,375 | CapitalStockBOYAmt |
| Capital Stock EOY | $65,457,599 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $69,575,375 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $65,457,599 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $69,605,232 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $65,487,456 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $69,575,375 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,117,776 | ExcessRevenueOverExpensesAmt |
| Subtotal | $65,457,599 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $65,457,599 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PFIC CAP GAINS - OFFSHORE MEZZANINE PARTNERS III INSTITUTIONAL LP | $399,867 | $399,867 | $399,867 | ||||
| SECTION 1231 G(L) THRU CRESTVIEW PARTNERS II | -$12,120 | -$12,120 | $12,120 | ||||
| SECTION 1250 THRU CRESTVIW PARTNERS II | $75 | $75 | $75 | ||||
| STCG THRU CRESTVIEW PTRS III TE | $1,081 | $1,081 | $1,081 | ||||
| LTCG THRU CRESTVIEW PARTNERS II | $26,179 | $26,179 | $26,179 | ||||
| LTCG THRU CRESTVIEW PTRS III TE | -$79,014 | -$79,014 | $79,014 | ||||
| LTCG(L) THRU SPECIALTY LOAN INSTIT 2016-L | $3,473 | $3,473 | $3,473 | ||||
| SALE OF MARKETABLE SECURITIES - JPM | $206 | $206 | $206 | ||||
| DISTRIBUTIONS EXCESS BASIS- HIGHBRIDGE PRINC INSTIT. MEZZ | $642,645 | $642,645 | $642,645 | ||||
| PFIC CAP GAINS - SOROBAN OPPORTUNITIES CAYMAN | $369,442 | $369,442 | $369,442 | ||||
| PFIC CAP GAINS - REAL ESTATE CREDIT SOLUTIONS OFFSHORE FD II | $537 | $537 | $537 | ||||
| LTCG THRU GS VINTAGE V | $47,259 | $47,259 | $47,259 | ||||
| STCG THRU GS VINTAGE VII | $2,735 | $2,735 | $2,735 | ||||
| LOSS ON REDEMPTION OF CHAYTON SAVA PROPERTY FUND | -$1,573,613 | -$1,573,613 | $1,573,613 | ||||
| LTCG THRU WATFORS REINSURANCE INVESTMENT | $2,290,075 | $45,801 | $45,801 | $2,244,274 | P | 2014-01-01 | 2019-08-01 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$125,447 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $7,967,443 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $67,432,675 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.118154 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,398,129 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $63,548,965 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.053473 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,506,448 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $51,926,978 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.106042 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $5,478,187 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $54,910,920 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.099765 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,190,535 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $55,002,142 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.058007 | DistributionYr5Rt |
| Total Distribution | 0.435441 | TotalDistributionRt |
| Average Distribution | 0.087088 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $53,394,706 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,650,038 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $38,421 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,688,459 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $7,700,314 | 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 | $38,421 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $38,421 | SubtotalAmt |
| Tax Based On Investment Income | $38,421 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $153,449 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $153,449 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $115,028 | OverpaymentAmt |
| Applied To ES Tax | $115,028 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2124400800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 WATER STREET - 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | 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 |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| RICHARD B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| KATHLEEN G KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| SCOTT B KAPNICK | |||||||||
| PO BOX 73 | BOWLING GREEN STATION | NEW YORK | NY | 102740073 | TREASURER | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL | Description1Txt |
| Description2 | REVENUE CODE SECTION 501(C)(3). | Description2Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Description2 | N/A | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $397,000 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,507,065 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $44,303,758 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $54,207,823 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $54,207,823 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $813,117 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $53,394,706 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,669,735 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,669,735 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $38,421 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $38,421 | TotalTaxAmt |
| Distributable Before Adj | $2,631,314 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,631,314 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,631,314 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,700,314 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $7,700,314 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $38,421 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $7,661,893 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,631,314 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $564,420 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,862,709 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,085,353 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $397,054 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,968,263 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $11,877,799 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,700,314 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,631,314 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,069,000 | RemainingDistriFromCorpusAmt |
| Total Corpus | $16,946,799 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $564,420 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $16,382,379 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,862,709 | ExcessFromYear4Amt |
| Excess From Year3 | $3,085,353 | ExcessFromYear3Amt |
| Excess From Year2 | $397,054 | ExcessFromYear2Amt |
| Excess From Year1 | $4,968,263 | ExcessFromYear1Amt |
| Excess From Current Year | $5,069,000 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SCOTT B KAPNICK PO BOX 73 BOWL | ContributingManagerNm |
| Contributing Manager | NEW YORK NY 10274-0073 | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE STATEMENT ATTACHED | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10274 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | SEE STATEMENT ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $7,688,974 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,688,974 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $158,595 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,508 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,669,994 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$3,241 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $771 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (15 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| ORDINARY INCOME THRU CRESTVIEW PTR II LP | 523000 | $89,390 | ||
| PORTFOLIO INC THRU SPECIALTY LOAN | 01 | $155,032 | ||
| OTHER INCOME THRU CRESTVIEW PTR II LP | 523000 | -$94 | ||
| OTHER INCOME THRU CRESTVIEW PTR II LP | 01 | $149,062 | ||
| PFIC ORD INCOME HB IRISH SPECIALTY LOAN FUND III | 01 | $9,148 | ||
| PFIC ORD INCOME PROVIDENCE DEBT FUND III | 01 | $17,874 | ||
| PFIC ORD INC HPS LOAN MGMT 9-2016 LTD | 01 | $43,369 | ||
| ORD INCOME THRU CRESTVIEW PTRS II LP | 01 | -$4,736 | ||
| ROYALTY INCOME THRU CRESTVIEW PTRS II | 01 | $502 | ||
| 1293 - ORD EARNINGS FROM QEF | 01 | $10,338 | ||
| SEC 988 GAIN THRU CRESTVUEW III(TE) | 01 | $28 | ||
| PORT INCOME THRU GS VINTAGE V | 523000 | 01 | $7,616 | |
| PORT INCOME THRU GS VINTAGE VII OFFSHORE | 523000 | 01 | $8,880 | |
| PFIC ORD INCOME - STRATA CLO I, LTD | 01 | $40,147 | ||
| PFIC - REAL ESTATE CREDIT SOLUTIONS OFFSHORE FD II | 523000 | $11,928 | 01 | -$2,127 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $99,491 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,264,493 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,363,984 | 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 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Depreciation Schedule DepreciationSchedule
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)
| AssetAssetDesc | Gross Sales PriceGrossSalesPriceAmt | Total NetTotalNetAmt | BasisBasisAmt |
|---|---|---|---|
| LTCG THRU GS VINTAGE VII | $126,218 | $126,218 | |
| SEC 1231 G(L) THRU CRESTVIEW PARTNERS II - UBTI | -$3,241 | $3,241 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (43 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Listed At Cost Or FMVListedAtCostOrFMVCd |
|---|---|---|---|
| SEE LONG POSITION I ATTACHED | $400,000 | $402,000 | |
| GS VINTAGE FUND V, LP | $1,287,350 | $448,414 | |
| GS CAPITAL PARTNERS 2000, LP | $131,574 | $0 | |
| GS VINTAGE FUND VIII OFFSHORE | $50,000 | $50,337 | |
| GS MEZZANINE PARTNERS 2006 LP | $1,880,323 | $52,100 | |
| CRESTVIEW PARTNERS II LP | $847,720 | $2,573,507 | |
| CRESTVIEW PTRS III (TE) LP | $684,001 | $613,226 | |
| CHAYTON SAVA PROPERTY FUND | $0 | $0 | |
| GS CAPITAL PARTNERS V, LP | $973,365 | $168,500 | |
| HIGHBRIDGE INSTITUTIONAL MEZZA | $0 | $840,494 | |
| SOROBAN OPP CAYMAN FUND LTD | $7,331,975 | $7,933,047 | |
| HIGHBRIDGE IRISH SPECIALTY | |||
| LOAN FUND III | $2,128,572 | $2,354,549 | |
| GS VINTAGE FUND VIII | |||
| OFFSHORE HOLDINGS | $1,203,079 | $1,381,027 | |
| HIGHBRIDGE STRATEGIC CAPITAL | |||
| PTRS TFO FUND LP | $0 | $0 | |
| THE KINGSWAY FUND FRONTIER | $3,211,641 | $3,027,181 | |
| CONSUMER FRANCHISES | |||
| PETERSHILL II OFFSHORE LP | $1,643,125 | $1,802,646 | |
| PROVIDENCE DEBT FUND III | $449,652 | $601,994 | |
| YOUR VOICE SPA ITALY | $307,175 | $279,955 | |
| WATFORD HOLDINGS FED FUNDS | $755,726 | $635,599 | |
| FOLGER HILL PARTNERS(CAYMAN) | $1,000,000 | $0 | |
| CREDIT VALUE OFFSHORE FD 2016 | $2,239,026 | $1,364,750 | |
| AQUAHYDRATE | $640,000 | $640,000 | |
| ASIA L/S CREDIT OFFSHORE FUND | $14,000,000 | $9,673,840 | |
| OFFSHORE MEZZANINE PARTN III | |||
| INSTITUTIONAL, LP | $7,729,528 | $7,198,353 | |
| SPECIALTY LOAN INSTITUTIONAL | |||
| FUND 2016-L, LP | $1,683,451 | $1,446,979 | |
| HPS LOAN MANAGEMENT 9-2016,LTD | $464,111 | $300,000 | |
| VINTAGE VII AIV OFFSHORE SCSP | $217,660 | $77,984 | |
| CRESTVIEW PARTNERS III (DE) LP | $68,794 | $133,857 | |
| SENTIENT FUND I LTD | $2,666,667 | $0 | |
| REAL ESTATE CREDIT SOLUTIONS | |||
| OFFSHORE FUND II | $97,872 | $87,765 | |
| STRATA CLO I LTD | $874,971 | $1,176,471 | AT COST |
| KKR ASIAN FD III PVT IN O/S LP | $470,586 | $590,024 | AT COST |
| STARWOOD SOF XI PVT IN O/S LP | $180,640 | $184,972 | AT COST |
| SVSS IV PVT IN O/S LP | $278,490 | $290,265 | AT COST |
| STAR INTERMEDIATE I INC | $10,266 | $0 | |
| THE NORTHERN TRUST | $3,000,000 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INTEREST EXPENSE THRU: | ||||
| -PETERSHILL II OFFSHORE | $8,409 | $8,409 | $0 | $0 |
| -GS ACCOUNT | $175,719 | $175,719 | $0 | $0 |
| -CRESTVIEW PTRS II LP | $11,819 | $11,819 | $0 | $0 |
| PORTFOLIO DEDUCTIONS THRU: | ||||
| -CRESTVIEW PTRS II LP | $46,433 | $46,433 | $0 | $0 |
| -CRESTVIEW PTRS III TE | $13,075 | $13,075 | $0 | $0 |
| -PETERSHILL II OFFSHORE | $42,709 | $42,709 | $0 | $0 |
| -VINTAGE VII AIV OFFSHORE SCSP | $57,680 | $57,680 | $0 | $0 |
| SEC 59(E)(2) EXPENDITURE THRU | ||||
| CRESTVIEW PARTNERS II - UBTI | $15,369 | $0 | $0 | $0 |
| ILLINOIS FILING FEE | $130 | $0 | $0 | $130 |
| ILLINOIS TAX - UBTI | $16,710 | $0 | $0 | $6,710 |
| ALLOWABLE DEPLETION - UBTI | $7 | $7 | $0 | $0 |
| -CRESTVIEW II | $4,957 | $0 | $0 | $0 |
| N/D EXPENSE THRU K-1 | $4,715 | |||
| EY- TAX PREPARATION FEES | $14,500 | $10,000 | $0 | $4,500 |
| MGMT FEES- HPS OFFS MEZZ III | $39,381 | $39,381 | $0 | $0 |
| MGMT FEES THRU GS VINTAGE V | $18,488 | $18,488 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (20 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PFIC ORD INC HB IRISH SPECIALTY LOAN III | $9,148 | $9,148 | $0 |
| PFIC ORD INCOME THRU PROVIDENCE DEBT III | $17,874 | $17,874 | $0 |
| PFIC ORD INCOME THRU HPS LOAN MGT 9-2016 | $43,369 | $43,369 | $0 |
| PFIC ORD INCOME THRU STRATA CLO I, LTD | $40,147 | $40,147 | $0 |
| ORD INC THRU CRESTVIEW PTRS II LP | -$4,736 | -$4,736 | $0 |
| ORD INC THRU CRESTVIEW PTRS II LP - UBTI | $89,390 | $0 | $0 |
| PORTFOLIO INCOME THRU SPECIALTY LOAN INS | $155,032 | $155,032 | $0 |
| OTHER INCOME THRU CRESTVIEW PTRS II | $149,062 | $149,062 | $0 |
| OTHER INC THRU CRESTVIEW PTRS II - UBTI | -$94 | $0 | $0 |
| OTHER INCOME THRU FOLGER HILL | |||
| OTHER INCOME THRU EEZ LLC | |||
| SEC 1293 - ORD EARNINGS FROM QEF | $10,338 | $10,338 | $0 |
| SEC 1293 - ORD EARNINGS FROM QEF UBTI | |||
| SEC 988 GAIN THRU CRESTVIEW III (TE) | $28 | $28 | $0 |
| SEC 987 GAIN THRU GS | |||
| ROYALTY INCOME THRU CRESTVIEW PTRS II | $502 | $502 | $0 |
| OTHER INCOME THRU SOROBAN | |||
| PORT INCOME THRU GS VINTAGE V | $7,616 | $7,616 | $0 |
| PORT INCOME THRU GS VINTAGE VII OFFSHORE | $8,880 | $8,880 | $0 |
| PFIC - REAL ESTATE CREDIT SOLUTIONS OFFSHORE FD II | $9,801 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO VINTAGE VII AIV OFFSHORE | Desc |
| BOY Book Value | $29,857 | BOYBookValueAmt |
| EOY Book Value | $29,857 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL TAX PAID: | ||||
| -EXTENSION FOR 2018 990PF | $322,500 | $0 | $0 | $0 |
| -FEDERAL ESTIMATE PAYMENT | $185 | $0 | $0 | $0 |
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