DR M LEE PEARCE FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- DR M LEE PEARCE FOUNDATION INC (EIN 59-2424272)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202503189349103960
- Schema version
- 2024v5.2
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T14:00:50-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 872525370 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITRIN COOPERMAN ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6550 N FEDERAL HIGHWAY 4TH FLOOR | AddressLine1Txt |
| City | FT LAUDERDALE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33308 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592424272 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE DR M LEE PEARCE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DRML | BusinessNameControlTxt |
| Phone | 3058617701 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 ARTHUR GODFREY ROAD STE 400 | AddressLine1Txt |
| City | MIAMI BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33140 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL A CARPENTER | PersonNm |
| Person Title | CHAIRMAN, PRESIDENT & DIRECTOR | PersonTitleTxt |
| Phone | 3058617702 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA ADAMS | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 9547710896 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $174,304,900 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $133,102,649 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $1,302,870 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,302,870 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,878,827 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $22,828,662 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,878,923 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $967,328 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $964,069 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $138,251,674 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,145,862 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $109,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $32,850 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $76,650 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $169,334 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $50,800 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $118,534 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $29,588 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,876 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $20,712 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $347,067 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $220,817 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $126,250 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $26,747 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,861 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $858 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $156,646 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $46,994 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $109,652 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $21,461 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $6,438 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $15,023 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $157,023 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $120,430 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $36,552 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,020,227 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $488,063 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $503,373 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,057,350 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,057,350 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,077,577 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $488,063 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,560,723 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $132,174,097 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,657,799 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $81,995 | CashBOYAmt |
| Cash EOY | $46,719 | CashEOYAmt |
| Cash EOYFMV | $46,719 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $104,101,550 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $104,101,550 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $52,952 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $41,507 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $41,507 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $40,217,790 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $69,243,418 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $69,243,418 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $89,144 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,861 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $86,283 | LandEOYAmt |
| Land EOYFMV | $86,283 | LandEOYFMVAmt |
| Other Assets BOY | $906,379 | OtherAssetsBOYAmt |
| Other Assets EOY | $785,423 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $785,423 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $41,259,116 | TotalAssetsBOYAmt |
| Total Assets EOY | $174,304,900 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $174,304,900 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $13,955 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $11,902 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $911,335 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $802,903 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $925,290 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $814,805 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $40,333,826 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $173,490,095 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $40,333,826 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $173,490,095 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $41,259,116 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $174,304,900 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $40,333,826 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $132,174,097 | ExcessRevenueOverExpensesAmt |
| Other Increases | $982,172 | OtherIncreasesAmt |
| Subtotal | $173,490,095 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $173,490,095 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| SCHEDULE K-1 GAIN/LOSS | P | $1,299,807 | $1,299,807 | $1,299,807 | |
| MULTI ASSET CORE PLUS FUND | P | $21,528,855 | $1,579,116 | $1,579,116 | $19,949,739 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,878,923 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $64,743 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $64,743 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $64,743 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $50,040 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $60,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $110,040 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $2,043 | EsPenaltyAmt |
| Overpayment | $43,254 | OverpaymentAmt |
| Applied To ES Tax | $43,254 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PATRICIA HOPKINS | IndividualWithBooksNm |
| Phone | 3058617701 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 ARTHUR GODFREY ROAD STE 400 | AddressLine1Txt |
| City | MIAMI BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33140 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MICHAEL A CARPENTER | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | CHAIR, PRES. & DIRECTOR | 5.00 | $21,500 | $0 | $0 |
| ROBERT POTTS | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | VICE PRESIDENT & DIRECTOR | 3.00 | $14,000 | $0 | $0 |
| JEFFREY W BOLTON | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | TREASURER, DIRECTOR | 3.00 | $13,000 | $0 | $0 |
| PATRICIA E HOPKINS | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | SECRETARY | 1.00 | $2,500 | $0 | $0 |
| SCOTT A KENT | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | ASSISTANT TREASURER | 1.00 | $2,500 | $0 | $0 |
| SUSAN FEDER | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| YULIETH FRANCO | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| JOSEPH B MARTIN | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $7,000 | $0 | $0 |
| TATJANA RUNDEK MD PHD | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $9,000 | $0 | $0 |
| MARC SCORCA | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| ANDRE TERZIC MD PHD | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| MARK VOLPE | ||||||||
| 777 ARTHUR GODFREY ROAD STE 400 | MIAMI BEACH | FL | 33140 | DIRECTOR | 2.00 | $8,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RUSSELL INVESTMENTS | |||||
| 1301 2ND AVE 18TH FLOOR | SEATTLE | WA | 98101 | INVESTMENT ADVISORY | $166,710 |
| GENERAL HEALTH CORP | |||||
| 5335 ALTON RD | MIAMI BEACH | FL | 33140 | MANAGEMENT SERVICE | $166,364 |
| SIDLEY AUSTIN LLP | |||||
| ONE S DEARBORN STREET | CHICAGO | IL | 60603 | LEGAL | $153,549 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $58,819,911 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $29,247,889 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $88,067,800 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $88,067,800 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,321,017 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $86,746,783 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,337,339 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,337,339 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $64,743 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $64,743 | TotalTaxAmt |
| Distributable Before Adj | $4,272,596 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,272,596 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,272,596 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,560,723 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $62,401 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $5,623,124 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,272,596 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,327,982 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,623,124 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,327,982 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,272,596 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $22,546 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $22,546 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $22,546 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $22,546 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| HARVARD MEDICAL SCHOOL | ||||||
| 25 SHATTUCK ST | BOSTON | MA | 02115 | PC | MEDICAL RESEARCH | $999,350 |
| MAYO CLINIC | ||||||
| 3033 41ST ST NW DOOR B2 | ROCHESTER | MN | 55901 | PC | MEDICAL RESEARCH | $600,000 |
| NEW WORLD SYMPHONY | ||||||
| 500 17TH STREET | MIAMI BEACH | FL | 33139 | PC | WALLCAST CONCERT SERIES | $400,000 |
| NORTHWESTERN UNIVERSITY | ||||||
| 70 ARTS CIR DR | EVANSTON | IL | 60208 | PC | SCHOLARSHIP SUPPORT | $300,000 |
| OPERA AMERICA | ||||||
| 330 7TH AVE 7TH FLOOR | NEW YORK | NY | 10001 | PC | GENERAL SUPPORT | $500,000 |
| THE CLEVELAND ORCHESTRA | ||||||
| 11001 EUCLID AVE | CLEVELAND | OH | 44106 | PC | FLORIDA RESIDENCY | $300,000 |
| THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH | ||||||
| 350 COMMUNITY DR | MANHASSET | NY | 11030 | PC | QUALITY OF HUMAN LIFE SURVEY PROGRAM | $425,000 |
| THE METROPOLITAN OPERA ASSOCIATION | ||||||
| 30 LINCOLN CENTER PLAZA | NEW YORK | NY | 10023 | PC | GENERAL SUPPORT | $500,000 |
| THE SPHINX ORGANIZATION | ||||||
| 2200 HUNT ST SUITE 461 | DETROIT | MI | 48207 | PC | GENERAL SUPPORT | $300,000 |
| THE WASHINGTON NATIONAL OPERA | ||||||
| 2700 F STREET NW | WASHINGTON | DC | 20566 | PC | PROGRAM SUPPORT | $300,000 |
| UNIVERSITY OF MIAMI - FROST SCHOOL OF MUSIC | ||||||
| 6200 SAN AMARA DRIVE | CORAL GABLES | FL | 33146 | PC | MEDICAL RESEARCH AND GENERAL SUPPORT | $128,000 |
| UNIVERSITY OF MIAMI - MILLER SCHOOL OF MEDICINE | ||||||
| 1600 NW 10TH AVE 1140 | MIAMI BEACH | FL | 33136 | PC | MEDICAL RESEARCH | $300,000 |
| UNIVERSITY OF MIAMI - BASCOM PALMER EYE INSTITUTE | ||||||
| 900 NW 17TH ST STE 6 | MIAMI | FL | 33136 | PC | GENERAL SUPPORT | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,057,350 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| HARVARD MEDICAL SCHOOL | ||||||
| 25 SHATTUCK ST | BOSTON | MA | 02115 | PC | MEDICAL RESEARCH | $1,998,700 |
| NEW WORLD SYMPHONY | ||||||
| 500 17TH STREET | MIAMI BEACH | FL | 33139 | PC | WALLCAST CONCERT SERIES | $950,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,948,700 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,302,870 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $967,675 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | -$96 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,878,923 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SCHEDULE K-1 INCOME - UBTI | Desc |
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | -$347 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$443 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,149,468 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,149,025 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| M LEE PEARCE LIVING TRUST | ||||||
| 1 | 777 ARTHUR GODFREY ROAD 400 | MIAMI BEACH | FL | 33140 | $133,077,889 | Yes (X) |
| PEARCE EDUCATION TRUST FUND | ||||||
| 2 | 777 ARTHUR GODFREY ROAD 400 | MIAMI BEACH | FL | 33140 | $24,760 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BOOKKEEPING | $9,262 | $2,779 | $6,483 |
| FINANCIAL STATEMENT AUDIT AND TAX SERVICES | $20,326 | $6,097 | $14,229 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | OFFICE FURNITURE | PropertyDesc |
| Acquired | 2024-07-31 | AcquiredDt |
| Cost Or Other Basis | $89,144 | CostOrOtherBasisAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 7.000000000000 | LifeRt |
| Current Year Expense | $2,861 | CurrentYearExpenseAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | SCHEDULE K-1 GAIN/LOSS - UBTI | AssetDesc |
| How Acquired | PURCHASED | HowAcquiredTxt |
| Basis | $96 | BasisAmt |
| Basis Method | COST | BasisMethodTxt |
| Sales Expense | $0 | SalesExpenseAmt |
| Total Net | -$96 | TotalNetAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ALERCE MEDICAL TECHNOLOGY PARTNERS | FMV | $2,016,000 | $2,016,000 |
| PRIVATE CREDIT FUND I LLC | FMV | $9,689,313 | $9,689,313 |
| PRIVATE EQUITY PARTNERS (ASIA) LP | FMV | $91,758 | $91,758 |
| PRIVATE MARKET FUND 2021 LLC | FMV | $6,447,447 | $6,447,447 |
| PRIVATE MARKETS FUND 2019 LP | FMV | $3,926,984 | $3,926,984 |
| PRIVATE MARKETS FUND 2023 SCSP | FMV | $1,005,275 | $1,005,275 |
| RIIFL CORE BD FD | FMV | $9,517,693 | $9,517,693 |
| RIIFL EMERGING MKTS EQUITY PLUS | FMV | $1,598,857 | $1,598,857 |
| RIIFL GLOBAL EQUITY PLUS FUND | FMV | $17,516,654 | $17,516,654 |
| RIIFL INTL EQUITY FD | FMV | $3,512,711 | $3,512,711 |
| RIIFL LARGE CAP US EQUITY INDEX FUND | FMV | $7,357,970 | $7,357,970 |
| RIIFL REAL ESTATE EQUITY FD | FMV | $1,090,352 | $1,090,352 |
| RIIFL SM CAP US EQUITY FD | FMV | $1,269,571 | $1,269,571 |
| RUSSELL TTL RETURN Q CL B | FMV | $4,202,833 | $4,202,833 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OFFICE FURNITURE | CategoryOrItemTxt |
| Cost Or Other Basis | $89,144 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $2,861 | AccumulatedDepreciationAmt |
| Book Value | $86,283 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL GOVERNANCE AND COUNSEL | CategoryTxt |
| Legal Fees | $169,334 | LegalFeesAmt |
| Net Investment Income | $50,800 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $118,534 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE RIGHT-OF-USE ASSET | Desc |
| BOY Book Value | $906,379 | BOYBookValueAmt |
| EOY Book Value | $785,423 | EOYBookValueAmt |
| EOYFMV | $785,423 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $17 | $0 | $17 |
| DUES AND SUBSCRIPTIONS | $7,829 | $2,349 | $5,480 |
| FILING FEES AND LICENSES | $314 | $0 | $314 |
| INSURANCE | $9,894 | $2,968 | $6,926 |
| OFFICE EXPENSES | $21,946 | $6,584 | $15,362 |
| OTHER BOARD EXPENSES | $10,259 | $3,078 | $7,181 |
| SCHEDULE K-1 EXPENSES | $104,947 | $104,906 | $0 |
| TELEPHONE AND INTERNET | $1,817 | $545 | $1,272 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| SCHEDULE K-1 INCOME | $967,675 | $964,069 | $967,675 |
| SCHEDULE K-1 INCOME - UBTI | -$347 | -$347 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED CHANGE IN VALUE OF INVESTMENTS | Desc |
| Amt | $982,172 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| BOY Book Value | $911,335 | BOYBookValueAmt |
| EOY Book Value | $802,903 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT ADVISORY FEES | $166,710 | $166,710 | $0 |
| MANAGEMENT FEES | $175,357 | $52,607 | $122,750 |
| MEMBER FEES | $5,000 | $1,500 | $3,500 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | M LEE PEARCE LIVING TRUST | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 ARTHUR GODFREY ROAD 400 | AddressLine1Txt |
| City | MIAMI BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33140 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | CategoryTxt |
| Amt | $26,747 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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