GUTTAG FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- GUTTAG FAMILY FOUNDATION (EIN 20-8451379)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201913199349101516
- Schema version
- 2018v3.1
- 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 Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-15T09:09:46-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | 2018-01-01 | 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 | 2019-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JANIS L COWHEY | PreparerPersonNm |
| PTIN | P00170421 | 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 | 12486720193185000007 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0C38342DB16B38D913E42CDCB0F3C4681FBBC50F | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DD190A912A364DA14B50EEF01AE8D3366EE1126C | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-04-17 16:48:07Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,083,245 | 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 | $81 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $81 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $76,900 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $76,899 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $156,719 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,131,467 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $156,252 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $266 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $331 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $233,966 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $233,563 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $17,242 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,621 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $8,621 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $20,259 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $20,259 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $1,662 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,662 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $11,252 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,252 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $20,471 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $19,351 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $259 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $70,886 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $53,145 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,880 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $279,503 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $279,503 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $350,389 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $53,145 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $288,383 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$116,423 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $180,418 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $65,052 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $132,275 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $132,275 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $3,866,803 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,689,266 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,921,214 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $60,652 | OtherAssetsBOYAmt |
| Other Assets EOY | $29,756 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $29,756 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,992,507 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,851,297 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,083,245 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $3,992,507 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,851,297 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,992,507 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,851,297 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,992,507 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,851,297 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,992,507 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$116,423 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,876,084 | SubtotalAmt |
| Other Decreases | $24,787 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,851,297 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 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 - STATEMENT B ATTACHED | P | $203,398 | $201,422 | $1,976 | $1,976 |
| LT CAPITAL GAIN SS #0026.4 - STATEMENT B ATTACHED | P | $288,403 | $225,603 | $62,800 | $62,800 |
| ST CAPITAL GAIN SS #0026.5 - STATEMENT B ATTACHED | P | $160,893 | $177,636 | -$16,743 | -$16,743 |
| LT CAPITAL GAIN SS #0026.5 - STATEMENT B ATTACHED | P | $133,947 | $120,334 | $13,613 | $13,613 |
| ST CAPITAL GAIN UBS 1652 - STATEMENT B ATTACHED | P | $4,353 | $4,645 | -$292 | -$292 |
| LT CAPITAL GAIN UBS 1652- STATEMENT B ATTACHED | P | $254,443 | $158,974 | $95,469 | $95,469 |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY II | P | $16 | -$16 | -$16 | |
| L/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY II | P | $5,033 | $5,033 | $5,033 | |
| S/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY III | P | $11 | -$11 | -$11 | |
| L/T CAPITAL GAIN: BERNSTEIN #6665 | P | $80,000 | $86,107 | -$6,107 | -$6,107 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $156,252 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $264,365 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $5,741,959 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.046041 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $281,549 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $5,424,250 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051906 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $283,885 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $5,687,082 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.049918 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $264,489 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $5,666,889 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.046673 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $266,027 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $5,426,232 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.049026 | DistributionYr5Rt |
| Total Distribution | 0.243564 | TotalDistributionRt |
| Average Distribution | 0.048713 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $5,549,264 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $270,321 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,804 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $272,125 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $288,383 | 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 | $1,804 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,804 | SubtotalAmt |
| Tax Based On Investment Income | $1,804 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,705 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $4,705 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,901 | OverpaymentAmt |
| Applied To ES Tax | $2,901 | 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 | false | UnrelatedBusIncmOverLimitInd |
| 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 | $2,301,843 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $101,683 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,230,245 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,633,771 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,633,771 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $84,507 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,549,264 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $277,463 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $277,463 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,804 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,804 | TotalTaxAmt |
| Distributable Before Adj | $275,659 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $275,659 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $275,659 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $288,383 | 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 | $288,383 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,804 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $286,579 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $275,659 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $276,472 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $288,383 | QualifyingDistributionsAmt |
| Applied To Year1 | $276,472 | AppliedToYear1Amt |
| Applied To Current Year | $11,911 | 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 | $263,748 | 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 | $279,500 |
| 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 | $279,503 | 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 | $81 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $76,900 | 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 | $467 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $156,252 | 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 (8 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| 988 PASS THRU SUMMIT ROCK PRIVATE EQ II | 18 | $144 | ||
| ORDINARY INCOME: PASS THRU SUMMIT PE II | 900099 | $2 | ||
| ORDINARY INCOME: PASS THRU SUMMIT PE III | 900099 | -$67 | ||
| ROYALTY INCOME: PASS THRU SUMMIT PE II | 18 | $24 | ||
| SECTION 965(A) INCLUSION SUMMIT PE II | 18 | $2 | ||
| SUBPART F INCOME: PASS THRU SUMMIT PE II | 18 | $69 | ||
| OTHER INCOME: PASS THRU SUMMIT PE II | 18 | $78 | ||
| OTHER INCOME: PASS THRU SUMMIT PE III | $14 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $402 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $233,564 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $233,966 | 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 | $17,242 | Amt |
| Net Investment Income | $8,621 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,621 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | L/T CAPITAL GAIN: SUMMIT ROCK PRIVATE EQUITY II | AssetDesc |
| How Acquired | P | HowAcquiredTxt |
| Gross Sales Price | $467 | GrossSalesPriceAmt |
| Total Net | $467 | TotalNetAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (12 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN SR PRIVATE EQUTY | AT COST | $5,366 | $5,366 |
| INVESTMENT IN SR SELECT EQUITY | AT COST | $369,948 | $916,209 |
| INVESTMENT IN SR HEDGED EQUITY | AT COST | $486,844 | $580,787 |
| INVESTMENT IN SR DIVRSFD STRTG | AT COST | $270,281 | $589,513 |
| INVESTMENT IN SR STRATEGIC FI | AT COST | $151,620 | $434,916 |
| INVESTMENT IN SR PRIVATE EQ II | AT COST | $298,515 | $307,944 |
| SECURITIES-SS#26.4-SEE STMT C | AT COST | $562,522 | $574,210 |
| SB INTERMEDIATE FUND | AT COST | $397,141 | $364,954 |
| SB SHORT DUR FUND | AT COST | $201,083 | $195,900 |
| ISHARES TRUST RUSSE- UBS | AT COST | $1,379 | $1,322 |
| SECURITIES-SS#26.5-SEE STMT C | AT COST | $876,854 | $882,380 |
| INVT IN SR PRIVATE EQUTY III | AT COST | $67,713 | $67,713 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DUE FROM SUMMIT(DISTRIBUTION | $60,652 | $29,756 | $29,756 |
| RECEIVABLE)-PE I |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BOOK-TO-TAX DIFFERENCES: SR PE II | $24,732 |
| BOOK-TO-TAX DIFFERENCES: SR PE III | $55 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADR FEES - SS #264 | $418 | $418 | |
| ADR FEES - SS #265 | $549 | $549 | |
| BANK FEE - UBS #1652 | $175 | $175 | |
| BANK FEE - SS #48BR | $100 | $100 | |
| BANK FEE - STATE STREET #00264 | $178 | $178 | |
| BANK FEE - STATE STREET #00265 | $243 | $243 | |
| DE FILING FEES | $25 | $25 | |
| DE REGISTERED AGENT | $199 | $199 | |
| MA ATTORNEY GENERAL FEE #1652 | $35 | $35 | |
| PORTFOLIO DED PASS SUMMIT II | $522 | $522 | |
| NON-DED EXP PASS SUMMIT PE II | $2 | ||
| ROYALTY DED PASS THRU PE II | $28 | $28 | |
| OTHER DED PASS THRU PE II | $11,439 | $10,812 | |
| OTHER DED PASS THRU PE III | $6,557 | $6,325 | |
| SECTION 965(C)DEDUCTIONS PE II | $1 | $1 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 988 PASS THRU SUMMIT PE II | $144 | $144 |
| ORDINARY INCOME :pass thru summit pe ii | $2 | |
| ORDINARY INCOME :pass thru summit pe iiI | -$67 | |
| ROYALTY INCOME: pass thru summit pe ii | $24 | $24 |
| Section 965(a) inclusion: summit pe ii | $2 | $2 |
| Subpart F Income: pass thru summit pe ii | $69 | $69 |
| OTHER INCOME: pass thru summit pe ii | $78 | $78 |
| OTHER INCOME: pass thru summit pe iiI | $14 | $14 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| B | $991 | $991 |
| MGMT ADVISORY FEES -SS #0026.5 | $1,412 | $1,412 |
| MGMT ADVISORY FEES -SS #048BR | $17,856 | $17,856 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAX - SS #00264 | $1,206 | $1,206 |
| FOREIGN TAX - SS #00265 | $2,046 | $2,046 |
| FEDERAL EXCISE TAXES | $8,000 |
Comments