GUTTAG FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- GUTTAG FAMILY FOUNDATION (EIN 20-8451379)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-09
- IRS object ID
- 202043149349100314
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-09T07:50:36-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARCUM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | 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 | 208451379 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GUTTAG FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JOHN GUTTAG | InCareOfNm |
| Business Name Control | GUTT | BusinessNameControlTxt |
| Phone | 2124855500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O MARCUM LLP 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN GUTTAG | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2124855500 | PhoneNum |
| Signature | 2020-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARLA ESAN | PreparerPersonNm |
| PTIN | P00367254 | PTIN |
| Phone | 2124855500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 47.19.127.190 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 12486720203145000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-09 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0C38342DB16B38D913E42CDCB0F3C4681FBBC50F | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0C38342DB16B38D913E42CDCB0F3C4681FBBC50F | 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 | $5,662,758 | 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 | $123 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $123 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $70,441 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $67,791 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $86,690 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,668,719 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $85,644 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $151 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $151 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $157,405 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $153,709 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $19,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $9,750 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $19,931 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $19,931 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $1,419 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,419 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $9,101 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,601 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $27,616 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $27,317 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $294 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $77,567 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $63,018 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,044 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $285,303 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $285,303 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $362,870 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $63,018 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $295,347 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$205,465 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $90,691 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $132,275 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $101,422 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $101,422 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $3,689,266 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,616,422 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,561,336 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $29,756 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,851,297 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,717,844 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,662,758 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $3,851,297 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,717,844 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,851,297 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,717,844 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,851,297 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,717,844 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,851,297 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$205,465 | ExcessRevenueOverExpensesAmt |
| Other Increases | $72,747 | OtherIncreasesAmt |
| Subtotal | $3,718,579 | SubtotalAmt |
| Other Decreases | $735 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,717,844 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| ST CAPITAL GAIN SS #0026.4 | P | $216,281 | $218,236 | -$1,955 | -$1,955 |
| LT CAPITAL GAIN SS #0026.4 | P | $137,289 | $128,111 | $9,178 | $9,178 |
| ST CAPITAL GAIN SS #0026.5 | P | $391,002 | $405,130 | -$14,128 | -$14,128 |
| LT CAPITAL GAIN SS #0026.5 | P | $354,689 | $340,097 | $14,592 | $14,592 |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY II | P | $736 | $736 | $736 | |
| L/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY II | P | $23,094 | $23,094 | $23,094 | |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY III | P | $912 | $912 | $912 | |
| L/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY III | P | $59 | $59 | $59 | |
| DISTRIBUTION IN EXCESS OF BASIS: SUMMIT ROCK PRIVATE EQUITY I | P | $67,105 | $67,105 | $67,105 | |
| L/T CAPITAL GAIN: BERNSTEIN #6665 | P | $475,000 | $490,078 | -$15,078 | -$15,078 |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY IV | P | $28 | $28 | $28 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $85,644 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $286,579 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $5,549,264 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.051643 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $264,365 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $5,741,959 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.046041 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $281,549 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $5,424,250 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.051906 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $283,885 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $5,687,082 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.049918 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $264,489 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $5,666,889 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.046673 | DistributionYr5Rt |
| Total Distribution | 0.246181 | TotalDistributionRt |
| Average Distribution | 0.049236 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $5,468,763 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $269,260 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $907 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $270,167 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $295,347 | 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 | $907 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $907 | SubtotalAmt |
| Tax Based On Investment Income | $907 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,401 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $7,401 | TotalPaymentsAndCreditsAmt |
| Overpayment | $6,494 | OverpaymentAmt |
| Applied To ES Tax | $6,494 | 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 | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | MA | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN GUTTAG | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2124855500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN GUTTAG | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O MARCUM LLP 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | PRESIDENT | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 5.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,104,437 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $239,883 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,207,724 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,552,044 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,552,044 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $83,281 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,468,763 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $273,438 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $273,438 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $907 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $907 | TotalTaxAmt |
| Distributable Before Adj | $272,531 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $272,531 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $272,531 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $295,347 | 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 | $295,347 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $907 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $294,440 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $272,531 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $263,748 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $295,347 | QualifyingDistributionsAmt |
| Applied To Year1 | $263,748 | AppliedToYear1Amt |
| Applied To Current Year | $31,599 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $240,932 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOHN GUTTAG | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | JOHN GUTTAG | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O MARCUM LLP 10 MELVILLE PARK RD | AddressLine1Txt |
| City | MELVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2124855500 | RecipientPhoneNum |
| Form And Info And Materials | PROPOSAL SHOULD INCLUDE FINANCIAL STATEMENT, DETERMINATION LETTER, COPY OF FORM 990, BUDGET AND DESCRIPTION OF PROGRAMS | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SEE STATEMENT A | |||||||
| 10 MELVILLE PARK ROAD | MELVILLE | NY | 11747 | NONE | PC | SEE DESCRIPTION ON STATEMENT A | $285,300 |
| FROM PASS THRU SUMMIT ROCK PRIVATE EQUITY III | |||||||
| 9 WEST 57TH STREET | NEW YORK | NY | 10019 | NONE | PC | CHARITABLE CONTRIBUTIONS FROM PASS-THRU | $3 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $285,303 | 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 | $123 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,650 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $67,791 | 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 | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,046 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $85,644 | 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 (5 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| 988 PASS THRU SUMMIT ROCK PRIVATE EQ II | 18 | $53 |
| ORDINARY INCOME: PASS THRU SUMMIT PE II | 18 | $33 |
| ROYALTY INCOME: PASS THRU SUMMIT PE II | 18 | $106 |
| OTHER INCOME: PASS THRU SUMMIT PE II | 18 | -$42 |
| OTHER INCOME: PASS THRU SUMMIT PE III | 18 | $1 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $3,696 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $153,709 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $157,405 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $19,500 | Amt |
| Net Investment Income | $9,750 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,750 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (4 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | Gross Sales PriceGrossSalesPriceAmt | Total NetTotalNetAmt | BasisBasisAmt |
|---|---|---|---|---|
| L/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY II | P | $915 | $915 | |
| L/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY III | P | $508 | $508 | |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY III | P | -$349 | $349 | |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY IV | P | -$28 | $28 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (13 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN SR PRIVATE EQUTY | AT COST | $0 | $0 |
| INVESTMENT IN SR SELECT EQUITY | AT COST | $269,948 | $1,061,056 |
| INVESTMENT IN SR HEDGED EQUITY | AT COST | $386,844 | $612,706 |
| INVESTMENT IN SR DIVRSFD STRTG | AT COST | $170,281 | $539,534 |
| INVESTMENT IN SR STRATEGIC FI | AT COST | $151,620 | $449,063 |
| INVESTMENT IN SR PRIVATE EQ II | AT COST | $410,984 | $420,413 |
| SECURITIES-SS#26.4-SEE STMT B | AT COST | $592,552 | $686,331 |
| SB INTERMEDIATE FUND | AT COST | $273,660 | $273,245 |
| SB SHORT DUR FUND | AT COST | $147,941 | $146,963 |
| ISHARES TRUST RUSSE- UBS | AT COST | $104,956 | $105,366 |
| SECURITIES-SS#26.5-SEE STMT B | AT COST | $901,934 | $1,060,957 |
| INVT IN SR PRIVATE EQUTY III | AT COST | $196,327 | $196,327 |
| INVT IN SRA PE IV EF | AT COST | $9,375 | $9,375 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DUE FROM SUMMIT(DISTRIBUTION | $29,756 | $0 | $0 |
| RECEIVABLE)-PE I |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK-TO-TAX DIFFERENCES: SR PE IV | Desc |
| Amt | $735 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADR FEES - SS #264 | $459 | $459 | |
| ADR FEES - SS #265 | $668 | $668 | |
| BANK FEE - UBS #1652 | $175 | $175 | |
| BANK FEE - SS #48BR | $100 | $100 | |
| BANK FEE - STATE STREET #00264 | $189 | $189 | |
| BANK FEE - STATE STREET #00265 | $289 | $289 | |
| DE FILING FEES | $25 | $25 | |
| DE REGISTERED AGENT | $199 | $199 | |
| MA ATTORNEY GENERAL FEE #1652 | $70 | $70 | |
| PORTFOLIO DED PASS SUMMIT II | $11,039 | $11,039 | |
| NON-DED EXP PASS SUMMIT PE II | $2 | ||
| ROYALTY DED PASS THRU PE II | $263 | $263 | |
| OTHER DED PASS THRU PE II | $1,079 | $1,079 | |
| PORTFOLIO DED PASS SUMMIT III | $9,697 | $9,697 | |
| PORTFOLIO DED PASS SUMMIT IV | $3,359 | $3,359 | |
| NON-DED EXP PASS SUMMIT PE III | $3 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 988 PASS THRU SUMMIT PE II | $53 | $53 |
| ORDINARY INCOME :pass thru summit pe ii | $33 | $33 |
| ROYALTY INCOME: pass thru summit pe ii | $106 | $106 |
| OTHER INCOME: pass thru summit pe ii | -$42 | -$42 |
| OTHER INCOME: pass thru summit pe iii | $1 | $1 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BOOK-TO-TAX DIFFERENCES: SR PE II | $43,361 |
| BOOK-TO-TAX DIFFERENCES: SR PE III | $29,386 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MGMT ADVISORY FEES -SS #0026.4 | $917 | $917 |
| MGMT ADVISORY FEES -SS #0026.5 | $1,396 | $1,396 |
| MGMT ADVISORY FEES -SS #048BR | $17,618 | $17,618 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAX - SS #00264 | $1,959 | $1,959 |
| FOREIGN TAX - SS #00265 | $2,642 | $2,642 |
| FEDERAL EXCISE TAXES | $4,500 |
Comments