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THE TIMOTHY AND SUSANNE SULLIVAN FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
THE TIMOTHY AND SUSANNE SULLIVAN FAMILY FOUNDATION (EIN 20-3367664)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-04-30
IRS object ID
202041219349101604
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)
Return2020-04-30T15:13:14-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203367664EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Timothy and Susanne Sullivan FamilyBusinessNameLine1Txt
Business Name Line2FoundationBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlTIMOBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIMOTHY SULLIVANPersonNm
Person Titlevice presidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2020-04-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address68.194.129.137IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id06391520201215000009FederalOriginalSubmissionId
Federal Original Submission Id2020-04-30FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdBC971FC33BAF52379132A0473611089A0DAEC697AtSubmissionCreationDeviceId
At Submission Filing Device IdD2746C13DFDED97F2954BEA0DC7B7E2EDF81EBF0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-06 18:47:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,204,171FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$13,454InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13,454InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$7,930DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,930DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$21,384TotalRevAndExpnssAmt
Total Net Invst Incm$21,384TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$19,283TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$10,417OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$10,417OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$29,700TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$10,417TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$802,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$802,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$832,200TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$812,917TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$810,816ExcessRevenueOverExpensesAmt
Net Investment Income$21,384NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,517,732SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$756,916SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$756,916SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$225,456CorporateStockBOYAmt
Corporate Stock EOY$225,456CorporateStockEOYAmt
Corporate Stock EOYFMV$447,255CorporateStockEOYFMVAmt
Total Assets BOY$1,743,188TotalAssetsBOYAmt
Total Assets EOY$982,372TotalAssetsEOYAmt
Total Assets EOYFMV$1,204,171TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,743,188RetainedEarningBOYAmt
Retained Earning EOY$982,372RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,743,188TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$982,372TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,743,188TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$982,372TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,743,188TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$810,816ExcessRevenueOverExpensesAmt
Other Increases$50,000OtherIncreasesAmt
Subtotal$982,372SubtotalAmt
Tot Net Ast Or Fund Balances EOY$982,372TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$138,946AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$995,821NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.139529DistributionYr1Rt
Adjusted Qlfy Distri Yr2$11,327AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$917,950NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.012339DistributionYr2Rt
Adjusted Qlfy Distri Yr3$166,508AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$613,297NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.271497DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,107,434AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,484,657NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.745919DistributionYr4Rt
Adjusted Qlfy Distri Yr5$736,527AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,729,613NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.425833DistributionYr5Rt
Total Distribution1.595117TotalDistributionRt
Average Distribution0.319023AverageDistributionRt
Net Vl Noncharitable Assets$1,366,799NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$436,040AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$214NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$436,254AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$812,917QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$214InvestmentIncomeExciseTaxAmt
Subtotal$214SubtotalAmt
Tax Based On Investment Income$214TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$500EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$500TotalPaymentsAndCreditsAmt
Overpayment$286OverpaymentAmt
Applied To ES Tax$286AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

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
Susanne Sullivan
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, VP1.0$0$0$0
Timothy P Sullivan
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$416,788AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$970,825AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,387,613TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,387,613AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$20,814CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,366,799NetVlNoncharitableAssetsAmt
Minimum Investment Return$68,340MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$68,340MinimumInvestmentReturnAmt
Tax Based On Investment Income$214TaxBasedOnInvestmentIncomeAmt
Total Tax$214TotalTaxAmt
Distributable Before Adj$68,126DistributableBeforeAdjAmt
Recoveries Qualfied Distri$50,000RecoveriesQualfiedDistriAmt
Distributable Before Ded$118,126DistributableBeforeDedAmt
Distributable As Adjusted$118,126DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$812,917ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$812,917QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$214PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$812,703AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$118,126DistributableAsAdjustedAmt
Prior Year12017PriorYear1Yr
Prior Year22016PriorYear2Yr
Prior Year32015PriorYear3Yr
Excess Distribution Cyov Yr5$664,281ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,041,053ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$136,070ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$108,211ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,949,615TotalExcessDistributionCyovAmt
Qualifying Distributions$812,917QualifyingDistributionsAmt
Applied To Current Year$118,126AppliedToCurrentYearAmt
Remaining Distri From Corpus$694,791RemainingDistriFromCorpusAmt
Total Corpus$2,644,406TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$664,281ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,980,125ExcessDistriCyovToNextYrAmt
Excess From Year4$1,041,053ExcessFromYear4Amt
Excess From Year3$136,070ExcessFromYear3Amt
Excess From Year1$108,211ExcessFromYear1Amt
Excess From Current Year$694,791ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSusanne SullivanContributingManagerNm
Contributing ManagerTimothy P SullivanContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIG SHOULDERS FUND
212 W VAN BUREN ST STE 900CHICAGOIL60607N/APC2019 Sullivan Fellows Program$200,000
BROWN UNIVERSITY OF PROVIDENCE
CAMPUS BOX 1911 164 ANGELL STPROVIDENCERI02912N/APCEndowed Men's Head Coach Basketball Chair FUND and the Pizzatola Athletic Center Modernization Project$412,500
NEIGHBORHOOD HEALTH CLINIC INC
121 GOODLETTE RD NNAPLESFL34102N/APCCharitable Event$10,000
STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS
655 KNIGHT WAYSTANFORDCA94305N/APCFOR Yellow Ribbon Program, Dean's Annual Fund, Dean's Ignite Fund and OMAC PROGRAM$130,000
UNIVERSITY OF CHICAGO
5235 S HARPER COURTCHICAGOIL60615N/APCDR. RUBIN ON CROHN'S DISEASE RESEARCH$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$802,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,454ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,930ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,384ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,384TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ISHARES S&P MIDCAP 400 BARRA V$45,252$101,755
ISHARES S&P MIDCAP 400 GROWTH$47,059$145,248
ISHARES TRUST MSCI EAFE INDEX$85,179$86,314
SPDR S&P 500 ETF TRUST$47,966$113,938

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2019, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $802,500. This amount represents 25% or more of the Foundation's net assets of $1,878,368 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2019. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$10,392$10,392
State or Local Filing Fees$25$25

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescRETURNED GRANTDesc
Amt$50,000Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2019$500
990-PF Excise Tax for 2018$18,783

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