BETA

THE 1971@FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
THE 1971@FOUNDATION INC (EIN 47-4640011)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-11
IRS object ID
202023169349101517
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-11T12:03:51-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135504490PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOEL E SAMMET & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line115 MAIDEN LANE SUITE 500AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10038ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474640011EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE 1971 FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control1971BusinessNameControlTxt
Phone2122698628PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CO JES 15 MAIDEN LANE SUITE 500AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10038ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANDREW S GUNDLACHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2122698628PhoneNum
Signature2020-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJENNIFER A TERZIANPreparerPersonNm
PTINP01027934PTIN
Phone2122698628PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.103.113.158IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-11IPDt
IP Tm13:01:59IPTm
IP TimezoneESIPTimezoneCd
Federal Original Submission Id13516020203160336e19FederalOriginalSubmissionId
Federal Original Submission Id2020-11-11FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF15716EAB28000657B5E0A1C25C55F5243A5C0B9AtSubmissionCreationDeviceId
At Submission Filing Device IdF15716EAB28000657B5E0A1C25C55F5243A5C0B9AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$17,037,863FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$47,363DividendsRevAndExpnssAmt
Dividends Net Invst Incm$47,363DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$908,493NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,481,250GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$410,238CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$14,446OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$955,856TotalRevAndExpnssAmt
Total Net Invst Incm$472,047TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$2,927LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$2,927LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$6,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$3,000AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$5,000TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$65,560OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$792OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$13,140OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$79,487TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,792TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$19,067TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$147,650ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$147,650ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$227,137TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,792TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$166,717TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$728,719ExcessRevenueOverExpensesAmt
Net Investment Income$468,255NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$81,974CashBOYAmt
Cash EOY$28,024CashEOYAmt
Cash EOYFMV$28,024CashEOYFMVAmt
Sav And Temp Cash Invst BOY$336,415SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$965,470SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$965,470SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$997,751CorporateStockBOYAmt
Corporate Stock EOY$997,751CorporateStockEOYAmt
Corporate Stock EOYFMV$1,186,459CorporateStockEOYFMVAmt
Other Investments BOY$686,565OtherInvestmentsBOYAmt
Other Investments EOY$120,779OtherInvestmentsEOYAmt
Other Investments EOYFMV$374,124OtherInvestmentsEOYFMVAmt
Other Assets BOY$12,736,886OtherAssetsBOYAmt
Other Assets EOY$14,483,786OtherAssetsEOYAmt
Other Assets EOYFMV$14,483,786OtherAssetsEOYFMVAmt
Total Assets BOY$14,839,591TotalAssetsBOYAmt
Total Assets EOY$16,595,810TotalAssetsEOYAmt
Total Assets EOYFMV$17,037,863TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$14,839,591RetainedEarningBOYAmt
Retained Earning EOY$16,595,810RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$14,839,591TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$16,595,810TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$14,839,591TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$16,595,810TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$14,839,591TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$728,719ExcessRevenueOverExpensesAmt
Other Increases$1,027,500OtherIncreasesAmt
Subtotal$16,595,810SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$16,595,810TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
TRANSMONTAIGNE PARTNERSP$1,281,250$1,071,012$210,238$210,238
SALE OF PAINTINGD$200,000$200,000$200,000
FieldValueIRS element (for citing)
Capital Gain Net Income$410,238CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$22,491AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$4,361,178NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.005157DistributionYr1Rt
Adjusted Qlfy Distri Yr2$392,076AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$5,046,633NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.077691DistributionYr2Rt
Adjusted Qlfy Distri Yr3$87,471AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$2,914,536NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.030012DistributionYr3Rt
Adjusted Qlfy Distri Yr4$3,869AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$560,672NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.006901DistributionYr4Rt
Total Distribution0.119761TotalDistributionRt
Average Distribution0.029940AverageDistributionRt
Net Vl Noncharitable Assets$2,716,983NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$81,346AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$4,683NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$86,029AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$166,717QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$4,683InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$4,683SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$4,683TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,082EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$5,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$8,082TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$3,399OverpaymentAmt
Applied To ES Tax$3,399AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOEL E SAMMET CO LLPIndividualWithBooksNm
Phone2122698628PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line115 MAIDEN LANE SUITE 500AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10038ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ANDREW S GUNDLACH
1345 AVENUE OF THE AMERICASNEW YORKNY10105PRESIDENT0.10$0$0$0
BARBARA GUNDLACH
1345 AVENUE OF THE AMERICASNEW YORKNY10105TREASURER0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,498,052AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,149,656AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$110,650FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,758,358TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,758,358AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$41,375CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,716,983NetVlNoncharitableAssetsAmt
Minimum Investment Return$135,849MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$135,849MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,683TaxBasedOnInvestmentIncomeAmt
Income Tax$40,450IncomeTaxAmt
Total Tax$45,133TotalTaxAmt
Distributable Before Adj$90,716DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$90,716DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$90,716DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$166,717ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$166,717QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$4,683PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$162,034AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$90,716DistributableAsAdjustedAmt
Undistributed Income PY$122,838UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$166,717QualifyingDistributionsAmt
Applied To Year1$122,838AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$43,879AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$46,837UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COLUMBIA ALUMNI ASSOCIATION
622 WEST 113TH STREETNEW YORKNY10025PUBLIC CHARITYGENERAL TAX EXEMPT PURPOSES$150
MYOPIA POLO EDUCATION
C/O HUSARIA FARM 304 HIGH STREETIPSWICHMA01938PUBLIC CHARITYGENERAL TAX EXEMPT PURPOSES$10,000
RIP MEDICAL DEBT
80 THEODORE FREMD AVENUERYENY10580PUBLIC CHARITYGENERAL TAX EXEMPT PURPOSES$2,500
NYS TROOPER FOUNDATION
1220 WASHINGTON AVE 24ALBANYNY12226PUBLIC CHARITYGENERAL TAX EXEMPT PURPOSES$10,000
LAND TRUST
187 E MARKET STRHINEBECKNY12572PUBLIC CHARITYGENERAL TAX EXEMPT PURPOSES$125,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$147,650TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$47,363ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$908,493ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$955,856ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$955,856TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$6,000Amt
Net Investment Income$3,000NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,000DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCOMMON STOCKStockNm
EOY Book Value$997,751EOYBookValueAmt
EOYFMV$1,186,459EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
CONVERTIBLE PROMISSORY NOTEAT COST$100,000$110,650
PARTNERSHIPSAT COST$20,779$263,474

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$2,927LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,927DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CERAMICS AND ARTWORK$9,662,500$10,777,000$10,777,000
PROPERTY$3,074,386$3,706,786$3,706,786

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNT MANAGEMENT FEES$792$792$0
FILING FEES$750$0$750
K-1 NONDEDUCTIBLE EXPENSES$394$0$0
LOSS FROM PARTNERSHIPS$51,234$0$0
OFFICE EXPENSE$305$0$305
PROPERTY EXPENSES$12,085$0$12,085

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINCOME FROM PARTNERSHIPSDesc
Revenue And Expenses Per Books$0RevenueAndExpensesPerBooksAmt
Net Investment Income$14,446NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescADJUSTMENT TO CHARITABLE USE ASSETSDesc
Amt$1,027,500Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$5,000Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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