BETA

PALETTE FUND INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PALETTE FUND INC (EIN 26-2736653)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-16
IRS object ID
202023219349105932
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)
Return2020-11-16T15:52:53-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133587163PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TARLOW & CO CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17 PENN PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10001ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN262736653EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PALETTE FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPALEBusinessNameControlTxt
Phone6468613292PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1115 BRADFORD STREETAddressLine1Txt
CityPROVINCETOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02657ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERRENCE MECKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6468613292PhoneNum
Signature2020-11-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN STEIN CPAPreparerPersonNm
PTINP00370567PTIN
Phone2126978540PhoneNum
Preparation2020-11-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address100.38.175.100IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-16IPDt
IP Tm15:52:49IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id8DC6029D48852A06328D385D64968CE16E5DE330AtSubmissionFilingDeviceId
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$12,919,664FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,900ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$229,591DividendsRevAndExpnssAmt
Dividends Net Invst Incm$229,591DividendsNetInvstIncmAmt
Dividends Adj Net Incm$229,591DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$565,258NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,237,276GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$565,258CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$15,972OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$15,972OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$15,972OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$812,721TotalRevAndExpnssAmt
Total Net Invst Incm$810,821TotalNetInvstIncmAmt
Total Adj Net Incm$245,563TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$125,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$125,000CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$167,963OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$52,100OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm$0OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$115,863OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss$588LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$27,356AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$58,236OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$40,236OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$18,000OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$36,279TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10,035TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$18,426TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$45,303DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$45,303DeprecAndDpltnAdjNetIncmAmt
Occupancy Rev And Expnss$7,848OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm$0OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl$7,848OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$200,794TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$200,794TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$483,889OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$926OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$5,818OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,153,256TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$103,297TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$45,303TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$491,749TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,518,205ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,518,205ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,671,461TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$103,297TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$45,303TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$2,009,954TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,858,740ExcessRevenueOverExpensesAmt
Net Investment Income$707,524NetInvestmentIncomeAmt
Adjusted Net Income$200,260AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$804,967CashBOYAmt
Cash EOY$61,405CashEOYAmt
Cash EOYFMV$61,405CashEOYFMVAmt
Sav And Temp Cash Invst BOY$123,755SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,589,098SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,589,098SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$3,951PrepaidExpensesBOYAmt
Corporate Stock BOY$5,303,705CorporateStockBOYAmt
Corporate Stock EOY$4,474,372CorporateStockEOYAmt
Corporate Stock EOYFMV$4,474,372CorporateStockEOYFMVAmt
Corporate Bonds BOY$3,483,521CorporateBondsBOYAmt
Corporate Bonds EOY$3,088,666CorporateBondsEOYAmt
Corporate Bonds EOYFMV$3,088,666CorporateBondsEOYFMVAmt
Other Investments BOY$2,487,674OtherInvestmentsBOYAmt
Other Investments EOY$2,583,864OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,583,864OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,293,519LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$171,260LandBldgEquipAccumDeprecAmt
Land BOY$1,160,284LandBOYAmt
Land EOY$1,122,259LandEOYAmt
Land EOYFMV$1,122,259LandEOYFMVAmt
Total Assets BOY$13,367,857TotalAssetsBOYAmt
Total Assets EOY$12,919,664TotalAssetsEOYAmt
Total Assets EOYFMV$12,919,664TotalAssetsEOYFMVAmt
Accounts Payable BOY$50,182AccountsPayableBOYAmt
Accounts Payable EOY$78,853AccountsPayableEOYAmt
Grants Payable BOY$1,078,000GrantsPayableBOYAmt
Grants Payable EOY$1,356,000GrantsPayableEOYAmt
Total Liabilities BOY$1,128,182TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,434,853TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$12,239,675NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$11,484,811NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$12,239,675TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,484,811TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$13,367,857TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,919,664TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$12,239,675TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,858,740ExcessRevenueOverExpensesAmt
Other Increases$1,103,876OtherIncreasesAmt
Subtotal$11,484,811SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$11,484,811TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEY - A/C # 876-118335-335$1,254,977$1,244,762$10,215$10,215
MORGAN STANLEY - A/C # 876-042482-335$26,512$27,053-$541-$541
MORGAN STANLEY - A/C # 876-042482-335$29,044$31,120-$2,076-$2,076
MORGAN STANLEY - A/C # 876-113541-335$1,926,743$1,369,083$557,660$557,660
FieldValueIRS element (for citing)
Capital Gain Net Income$565,258CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$541NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,921,899AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$14,832,994NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.129569DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,725,854AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$16,420,165NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.105106DistributionYr2Rt
Adjusted Qlfy Distri Yr3$1,633,108AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$17,025,496NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.095921DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,033,528AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$17,934,517NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.113386DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,611,616AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$19,106,892NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.084347DistributionYr5Rt
Total Distribution0.528329TotalDistributionRt
Average Distribution0.105666AverageDistributionRt
Net Vl Noncharitable Assets$12,946,605NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,368,016AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$7,075NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,375,091AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,009,954QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$7,075InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$7,075SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$7,075TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,452EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$4,548ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$10,000TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$2,925OverpaymentAmt
Applied To ES Tax$2,925AppliedToESTaxAmt
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 Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateMAOrgReportOrRegisterStateCd
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 AddressWWW.THEPALETTEFUND.ORGWebsiteAddressTxt
Individual With BooksTERRENCE MECKIndividualWithBooksNm
Phone6468613292PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1115 BRADFORD STREETAddressLine1Txt
CityPROVINCETOWNCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02657ZIPCd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TERRENCE MECK
115 BRADFORD STREETPROVINCETOWNMA02657PRESIDENT40.00$125,000$0$0
PETER BENASSI
115 BRADFORD STREETPROVINCETOWNMA02657CHAIR1.00$0$0$0
KRISTIN RESNANSKY
115 BRADFORD STREETPROVINCETOWNMA02657SECRETARY & TREASURER1.00$0$0$0
TODD SEARS
115 BRADFORD STREETPROVINCETOWNMA02657DIRECTOR1.00$0$0$0
BLAIRE MILANESE
115 BRADFORD STREETPROVINCETOWNMA02657DIRECTOR1.00$0$0$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee BenefitsEmployeeBenefitsAmtExpense AccountExpenseAccountAmt
CLARABELLE A RODRIGUEZ
311 W 17TH STREET APT 3ANEW YORKNY10011N/A40.00$115,863$0$0
RYAN FULLER
6193 HONEY HOLLOW ROADDOYLESTOWNPA18902N/A40.00$52,100$0$0
FieldValueIRS element (for citing)
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$10,710,901AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,289,613AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,143,247FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,143,761TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$13,143,761AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$197,156CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,946,605NetVlNoncharitableAssetsAmt
Minimum Investment Return$647,330MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$647,330MinimumInvestmentReturnAmt
Tax Based On Investment Income$7,075TaxBasedOnInvestmentIncomeAmt
Total Tax$7,075TotalTaxAmt
Distributable Before Adj$640,255DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$640,255DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$640,255DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,009,954ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$2,009,954QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$7,075PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,002,879AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$640,255DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$672,877ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,081,773ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$786,407ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$911,812ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,189,345ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,642,214TotalExcessDistributionCyovAmt
Qualifying Distributions$2,009,954QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$640,255AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,369,699RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$6,011,913TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$672,877ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,339,036ExcessDistriCyovToNextYrAmt
Excess From Year4$1,081,773ExcessFromYear4Amt
Excess From Year3$786,407ExcessFromYear3Amt
Excess From Year2$911,812ExcessFromYear2Amt
Excess From Year1$1,189,345ExcessFromYear1Amt
Excess From Current Year$1,369,699ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALLY COALITION
529 5TH AVENEW YORKNY10017GRANT$10,000
CENTERLINK
P O BOX 24490FORT LAUDERDALEFL33307GRANT$20,000
DOC SOCIETY
20 JAY STREET STE 1008BROOKLYNNY11201GRANT$20,000
EQUALITY FEDERATION INSTITUTE
818 SW 3RD AVE 441PORTLANDOR97204GRANT$20,000
FINE ARTS WORK CENTER
24 PEARL STREETPROVINCETOWNMA02657GRANT$52,500
FRIENDS OF THE HIGHLINE
820 WASHINGTON STREETNEW YORKNY10014GRANT$15,000
GAMAL PALMER-GLOBAL EYE ENTREPR
8424 SANTA MONICA BLVD SUITE 576WEST HOLLYWOODCA90069GRANT$20,000
GLBTQ LEGAL ADVOCATES & DEFENDER
18 TREMONT STREET STE 950BOSTONMA02108GRANT$20,000
GOD'S LOVE WE DELIVER-CONT
166 AVENUE OF THE AMERICASNEW YORKNY10013GRANT$150,000
HETRICK-MARTIN INSTITUTE
2 ASTOR PLACENEW YORKNY10003GRANT$25,000
LEADERSHIP FOR EDUCATIONAL EQUI
1805 7TH STREET NW 6TH FLOORWASHINGTONWA20001GRANT$25,000
LGBTHIV CRIMINAL JUSTICE WORKI
POB 231126BOSTONMA02123GRANT$25,000
MAP
1905 15TH STREET 1097BOULDERCO80306GRANT$50,000
PAAM
460 COMMERICAL STREETPROVINCETOWNMA02657GRANT$5,000
POINT SOURCE YOUTH
425 HANCOCK STREETBROOKLYNNY11205POINT SOURCE YOUTH AND IT'S EXPANSION TO END YOUTH HOMELESSNESS IN NEW YORK CITY, BALTIMORE, HARTFOR$80,250
POLARIS GRANT
POB 65323WASHINGTONWA20035GRANT$20,000
PROVINCETOWN FILM SOCIETY
POB 605PROVINCETOWNMA02657GRANT$10,000
PUBLIC SQUARE FILMS
3405 CAZADOR STREETLOS ANGELESCA90065GRANT$25,000
QUEER KIDS GRANT
273 HICKS STREETBROOKLYNNY11201GRANT$25,000
READ AHEAD
50 BROAD STREET STE 1720NEW YORKNY10004GRANT$10,000
THE CENTER FOR FAMILY AND COMMU
100 HAVEN AVENUE STE 27DNEW YORKNY10032GRANT$25,000
THE DOOR
121 AVENUE OF THE AMERICASNEW YORKNY10013GRANT$25,000
THRESHOLD
2875 ROUTE 35 6N-50BKATONAHNY10536GRANT$30,500
TRANSGENDER LAW CENTER
PO BOX 70976OAKLANDCA94612GRANT$25,000
TRUE COLORS FUND
311 WEST 43RD STREET 12TH FLOORNEW YORKNY10036GRANT$25,000
URBAN WORD NYC
5 WEST 19TH STREET 3RD FLOORNEW YORKNY10011SUPPORT FOR LGBT YOUTH POETRY SLAM: PAGE MEETS STAGES LGBT INITIATIVE.$35,000
VARIOUS ORG UNDER 5K
115 BRADFORD STREETPROVINCETOWNMA02657GRANT$415,455
CAMPUS PRIDE
PO BOX 240473CHARLOTTENC28224GRANT$20,000
ELTON JOHN AIDS FOUNDATION
584 BROADWAY SUITE 906NEW YORKNY10012GRANT$25,000
PANCAN
1500 ROSECRANS AVENUE SUITE 200MANHATTAN BEACHCA90266GRANT$100,000
I'M FROM DRIFTWOOD
144 NORTH 7TH ST 356BROOKLYNNY11249GRANT$31,500
GENERATION PROJECT
601 W 26TH STREET RM 325-268NEW YORKNY10001GRANT$15,000
TREVOR PROJECT
PO BOX 69232WEST HOLLYWOODCA90069GRANT$15,000
PROVINCETOWN COMMONS
46 BRADFORD STREETPROVINCETOWNMA02657GRANT$78,000
THE DINNER PARTY
PO BOX 741265LOS ANGELESCA90074GRANT$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,518,205TotalGrantOrContriPdDurYrAmt
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$229,591ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,972ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$565,258ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$810,821ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$810,821TotalIncomeProducingActyAmt

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)
CategoryPROFESSIONAL FEESCategoryTxt
Amt$27,356Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (17 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
PRINTER2014-06-18$750$675SL5.000000000000$75$0$75
BRADFORD OFFICE2015-11-09$1,091,892$88,657SL39.000000000000$27,997$0$27,997
BROADWAY FURNITURE2014-06-18$1,217$783SL7.000000000000$174$0$174
BRADFORD FURNITURE2015-06-24$6,098$3,049SL7.000000000000$871$0$871
WEST 14TH STREET FURNITURE2016-09-06$1,500$499SL7.000000000000$214$0$214
BRADFORD FURNITURE2016-08-17$26,521$8,841SL7.000000000000$3,789$0$3,789
WINDOW & BATHROOM PROJECT2016-05-31$40,086$6,903SL15.000000000000$2,672$0$2,672
GUTTER, FLOORING & ROOFING IMPROVEMENTS2016-07-20$29,561$4,763SL15.000000000000$1,971$0$1,971
AC/HEATING UNITS2016-08-24$28,185$4,384SL15.000000000000$1,879$0$1,879
WELL & IRRIGATION2016-10-05$5,948$893SL15.000000000000$397$0$397
IMPROVEMENT2017-06-30$21,821$2,726SL39.000000000000$560$0$560
FURNITURE & FIXTURES2018-02-15$17,100$2,914SL7.000000000000$2,443$0$2,443
FURNITURE & FIXTURES2018-05-14$4,523$431SL7.000000000000$646$0$646
FURNITURE & FIXTURES2018-07-05$5,164$369SL7.000000000000$738$0$738
FURNITURE & FIXTURES2018-12-11$5,875$70SL7.000000000000$839$0$839
IMPROVEMENT2019-12-13$5,780SL39.000000000000$12$0$12
IMPROVEMENT2019-05-15$1,498SL39.000000000000$26$0$26

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondMORGAN STANLEYBondNm
EOY Book Value$3,088,666EOYBookValueAmt
EOYFMV$3,088,666EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MORGAN STANLEY$3,695,572$3,695,572
MORGAN STANLEY$778,800$778,800

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
D.E. SHAW OCULUS INT'L FUNDAT COST$1,204,732$1,204,732
MORGAN STANLEY CROSSROADSAT COST$375,031$375,031
RENEWAL 2 SOCIAL FUNDAT COST$62,833$62,833
RENEWAL 3 US LIMITEDAT COST$212,790$212,790
STARBOARD OFFSHOREAT COST$406,902$406,902
NORTH HAVEN EXPANSION K-1AT COST$278,301$278,301
RENEWAL 3 US LIMITEDAT COST$43,275$43,275

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (17 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
PRINTER$750$750$0
BRADFORD OFFICE$1,091,892$116,654$975,238
BROADWAY FURNITURE$1,217$957$260
BRADFORD FURNITURE$6,098$3,920$2,178
WEST 14TH STREET FURNITURE$1,500$713$787
BRADFORD FURNITURE$26,521$12,630$13,891
WINDOW & BATHROOM PROJECT$40,086$9,575$30,511
GUTTER, FLOORING & ROOFING IMPROVEMENTS$29,561$6,734$22,827
AC/HEATING UNITS$28,185$6,263$21,922
WELL & IRRIGATION$5,948$1,290$4,658
IMPROVEMENT$21,821$3,286$18,535
FURNITURE & FIXTURES$17,100$5,357$11,743
FURNITURE & FIXTURES$4,523$1,077$3,446
FURNITURE & FIXTURES$5,164$1,107$4,057
FURNITURE & FIXTURES$5,875$909$4,966
IMPROVEMENT$5,780$12$5,768
IMPROVEMENT$1,498$26$1,472

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEEESCategoryTxt
Legal Fees$588LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK SERVICE CHARGE$4,173$0$0$0
CONFERENCES AND SEMINARS$65,266$0$0$0
DUES AND SUBSCRIPTIONS$17,290$0$0$0
INSURANCE$5,646$0$0$0
OFFICE SUPPLIES$24,631$0$0$0
REPAIRS AND MAINTENANCE$63,262$0$0$0
TELEPHONE$720$0$0$0
WEBSITE$1,609$0$0$0
LOSS FROM K-1'S$278,013$0$0$0
MISCELLANEOUS$16,535$0$0$0
PAYROLL FEES$6,744$926$0$5,818

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Revenue And Expenses Per Books$15,972RevenueAndExpensesPerBooksAmt
Net Investment Income$15,972NetInvestmentIncomeAmt
Adjusted Net Income$15,972AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescACCUMULATED UNREALIZED GAIN/LOSS ADJUSTMENTDesc
Amt$1,103,876Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING FEES$18,000$0$0$18,000
INVESTMENT ADVISORY FEES$40,236$40,236$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PAYROLL TAXES$22,412$3,986$0$18,426
REAL ESTATE TAXES$7,818$0$0$0
FEDERAL EXCISE TAX$6,049$6,049$0$0

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