THE COURAGEOUS FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: THE COURAGEOUS FOUNDATION (EIN 03-0420728)
Tax period: 2017-11-01 to 2018-10-31
Filed: 2019-03-12
IRS object ID: 201920719349100317
Schema version: 2017v2.3
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
Land Etc Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Increases Schedule
Substantial Contributors Sch

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-03-12T16:52:04-05:00	ReturnTs
Tax Period End	2018-10-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	263753134	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CBIZ MHM LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	ONE CITIZENS PLAZA 9TH FLOOR	AddressLine1Txt
City	PROVIDENCE	CityNm
State Abbreviation	RI	StateAbbreviationCd
ZIP	02903	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2017-11-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	030420728	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE COURAGEOUS FOUNDATION	BusinessNameLine1Txt
Business Name Line2	C/O RALPH ISHAM	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	COUR	BusinessNameControlTxt
Phone	2127131888	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	410 PARK AVENUE NO 1710	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	RALPH ISHAM	PersonNm
Person Title	OFFICER	PersonTitleTxt
Phone	2127131888	PhoneNum
Signature	2019-02-27	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DREW COLMAN	PreparerPersonNm
PTIN	P00546666	PTIN
Phone	4016263200	PhoneNum
Preparation	2019-02-27	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	184.185.54.158	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-02-27	IPDt
IP Tm	09:21:24	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	8D9D5D474EEB8533FB4E17566BCE55096D7CDECA	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$257,900	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	$500,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$4	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$4	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$4	InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm	$0	NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss	$500,004	TotalRevAndExpnssAmt
Total Net Invst Incm	$4	TotalNetInvstIncmAmt
Total Adj Net Incm	$4	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$0	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$60,000	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$0	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm	$0	OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$60,000	OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss	$1,444	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$1,444	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$3,925	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$3,925	AccountingFeesChrtblPrpsAmt
Deprec And Dpltn Rev And Expnss	$76,351	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm	$76,351	DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss	$248,062	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$0	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$248,062	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$389,782	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$76,351	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$313,431	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,750	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,750	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$392,532	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$76,351	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$316,181	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$107,472	ExcessRevenueOverExpensesAmt
Net Investment Income	$4	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	-$1,076	CashBOYAmt
Cash EOY	$35,617	CashEOYAmt
Cash EOYFMV	$35,617	CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$2,035,548	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,813,265	LandBldgEquipAccumDeprecAmt
Land BOY	$140,822	LandBOYAmt
Land EOY	$222,283	LandEOYAmt
Land EOYFMV	$222,283	LandEOYFMVAmt
Total Assets BOY	$139,746	TotalAssetsBOYAmt
Total Assets EOY	$257,900	TotalAssetsEOYAmt
Total Assets EOYFMV	$257,900	TotalAssetsEOYFMVAmt
Mortgages And Notes Payable BOY	$30,000	MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY	$30,000	MortgagesAndNotesPayableEOYAmt
Total Liabilities BOY	$30,000	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$30,000	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$109,746	RetainedEarningBOYAmt
Retained Earning EOY	$227,900	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$109,746	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$227,900	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$139,746	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$257,900	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$109,746	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$107,472	ExcessRevenueOverExpensesAmt
Other Increases	$10,682	OtherIncreasesAmt
Subtotal	$227,900	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$227,900	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$303,779	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$25,191	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	12.059029	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$329,646	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$16,397	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	20.104043	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$319,786	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$20,056	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	15.944655	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$295,233	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$18,651	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	15.829339	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$351,531	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$23,262	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	15.111813	DistributionYr5Rt
Total Distribution	79.048879	TotalDistributionRt
Average Distribution	15.809776	AverageDistributionRt
Net Vl Noncharitable Assets	$48,146	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$761,177	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$0	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$761,177	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$316,181	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$0	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$0	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$0	TotalPaymentsAndCreditsAmt
Es Penalty	$0	EsPenaltyAmt
Tax Due	$0	TaxDueAmt

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	0	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	Yes (1)	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	RALPH ISHAM	IndividualWithBooksNm
Phone	2127131888	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	410 PARK AVENUE SUITE 1710 NEW YORK	AddressLine1Txt
Address Line2	NY 10022	AddressLine2Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	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	0	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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
STEPHEN GLASCOCK
206 FIFTH AVENUE 4TH FLOOR	NEW YORK	NY	10010	PRESIDENT	0.00	$0	$0	$0
ALEXANDER AUERSPERG
829 PARK AVENUE APT 10A	NEW YORK	NY	10021	VICE PRESIDENT	0.00	$0	$0	$0
RALPH ISHAM
351 EAST 51 ST LOFT-2A	NEW YORK	NY	10022	SECRETARY	0.00	$0	$0	$0
HOWARD MARSH
15 ORCHARD HILL LANE	GREENWICH	CT	06830	TREASURER	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	CONTINUED TO MAINTAIN AND MAKE IMPROVEMENTS TO THE YACHT COURAGEOUS, AND TO DISPLAY IT IN SAILING REGATTAS, IN ACCORDANCE WITH THE FOUNDATION'S PURPOSES.	Description1Txt
Expenses1	$313,431	Expenses1Amt

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	$48,879	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$48,879	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$48,879	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$733	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$48,146	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,407	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Sect4942j3j5 Fndtn And Frgn Org	Yes (X)	Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$316,181	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$316,181	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$316,181	AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Field	Value	IRS element (for citing)
Section4942j3	Yes (X)	Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$0	CurrentYearAmt
Year1	$0	Year1Amt
Year2	$0	Year2Amt
Year3	$0	Year3Amt
Total	$0	TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

Field	Value	IRS element (for citing)
Current Year	$0	CurrentYearAmt
Year1	$0	Year1Amt
Year2	$0	Year2Amt
Year3	$0	Year3Amt
Total	$0	TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Current Year	$316,181	CurrentYearAmt
Year1	$303,779	Year1Amt
Year2	$329,646	Year2Amt
Year3	$319,786	Year3Amt
Total	$1,269,392	TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

Field	Value	IRS element (for citing)
Current Year	$0	CurrentYearAmt
Year1	$0	Year1Amt
Year2	$0	Year2Amt
Year3	$0	Year3Amt
Total	$0	TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

Field	Value	IRS element (for citing)
Current Year	$316,181	CurrentYearAmt
Year1	$303,779	Year1Amt
Year2	$329,646	Year2Amt
Year3	$319,786	Year3Amt
Total	$1,269,392	TotalAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
Current Year	$247,214	CurrentYearAmt
Year1	$139,746	Year1Amt
Year2	$148,158	Year2Amt
Year3	$167,327	Year3Amt
Total	$702,445	TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

Field	Value	IRS element (for citing)
Current Year	$222,283	CurrentYearAmt
Year1	$140,822	Year1Amt
Year2	$164,652	Year2Amt
Year3	$175,973	Year3Amt
Total	$703,730	TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Support TotalSupportGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Public Support Type PublicSupportType

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Largest Support From EO LargestSupportFromEOGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	STEPHEN GLASCOCK	ContributingManagerNm
Contributing Manager	ALEXANDER AUERSPERG	ContributingManagerNm
Contributing Manager	RALPH ISHAM	ContributingManagerNm
Contributing Manager	HOWARD MARSH	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	USMMA SAILING FOUNDATION	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	YOCUM SAILING CENTER 300 STEAMBOAT	AddressLine1Txt
Address Line2	ROAD	AddressLine2Txt
City	KINGS POINT	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	110241699	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	N/A	RecipientRelationshipTxt
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	GENERAL SUPPORT	GrantOrContributionPurposeTxt
Amt	$2,750	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,750	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$4	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	3	LineNumberTxt
Relationship Statement	INTEREST ON WORKING CAPITAL CASH	RelationshipStatementTxt

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 (4 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
ALEXANDER AUERSPERG
1	829 PARK AVENUE APT 10A	NEW YORK	NY	10021	$125,000	Yes (X)
HOWARD MARSH
2	15 ORCHARD HILL LANE	GREENWICH	CT	06831	$125,000	Yes (X)
RALPH ISHAM
3	351 EAST 51 ST LOFT-2A	NEW YORK	NY	10022	$125,000	Yes (X)
STEPHEN GLASCOCK
4	206 FIFTH AVENUE 4TH FLOOR	NEW YORK	NY	10010	$125,000	Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	CBIZ MHM, LLC ACCOUNTING FEES	CategoryTxt
Amt	$3,925	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$3,925	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (34 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
YACHT COURAGEOUS	2002-07-31	$1,016,428	$1,016,428	SL	10.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - OCTOBER 2003	2003-10-08	$289,689	$289,689	SL	10.000000000000	$0	$0	$0
TENDER IMPROVEMENTS	2004-05-30	$49,389	$49,389	SL	10.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - AUGUST 2004	2004-08-03	$56,031	$56,031	SL	10.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - MAY 2005	2005-05-01	$65,626	$65,626	SL	10.000000000000	$0	$0	$0
COMPUTER	2005-06-24	$1,235	$1,235	SL	5.000000000000	$0	$0	$0
NAVIGATION SOFTWARE	2006-08-02	$1,295	$1,295	SL	5.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - MAY 3, 2007	2007-05-03	$4,738	$4,738	SL	10.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - MAY 17, 2007	2007-05-17	$4,218	$4,218	SL	10.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - JUNE 2008	2008-06-19	$47,182	$44,035	SL	10.000000000000	$3,147	$0	$3,147
NAVIGATION SOFTWARE - Y/E 10/10	2010-04-26	$8,657	$8,657	SL	5.000000000000	$0	$0	$0
COURAGEOUS IMPROVEMENTS - JULY 2011	2011-07-15	$40,439	$25,612	SL	10.000000000000	$4,044	$0	$4,044
COURAGEOUS IMPROVEMENTS - MAY 2011	2011-05-11	$40,550	$26,358	SL	10.000000000000	$4,055	$0	$4,055
COURAGEOUS IMPROVEMENTS - 2012	2012-05-31	$104,039	$56,355	SL	10.000000000000	$10,404	$0	$10,404
COMPUTER	2012-05-31	$5,216	$5,216	SL	5.000000000000	$0	$0	$0
COMPUTER EQUIPMENT	2013-05-31	$9,313	$8,228	SL	5.000000000000	$1,085	$0	$1,085
SAIL	2015-04-22	$24,296	$20,247	SL	3.000000000000	$4,049	$0	$4,049
SAIL	2015-06-25	$24,295	$18,896	SL	3.000000000000	$5,399	$0	$5,399
SAIL	2015-11-16	$14,473	$9,246	SL	3.000000000000	$4,824	$0	$4,824
SAIL	2016-01-29	$12,597	$7,348	SL	3.000000000000	$4,199	$0	$4,199
SAIL	2016-02-01	$14,952	$8,722	SL	3.000000000000	$4,984	$0	$4,984
SAIL	2016-02-01	$1,583	$924	SL	3.000000000000	$528	$0	$528
SAIL	2016-11-01	$7,272	$2,424	SL	3.000000000000	$2,424	$0	$2,424
SAIL	2017-02-01	$14,097	$3,524	SL	3.000000000000	$4,699	$0	$4,699
SAIL	2017-06-01	$16,268	$2,259	SL	3.000000000000	$5,423	$0	$5,423
SAIL	2017-09-01	$3,858	$214	SL	3.000000000000	$1,286	$0	$1,286
SAILING HARDWARE	2018-02-20	$32,859		SL	10.000000000000	$2,191	$0	$2,191
SAIL	2018-03-13	$32,209		SL	3.000000000000	$7,158	$0	$7,158
SAIL	2018-03-13	$1,294		SL	3.000000000000	$288	$0	$288
SAIL	2018-03-13	$650		SL	3.000000000000	$144	$0	$144
RUDDER	2018-04-19	$12,866		SL	10.000000000000	$643	$0	$643
SAILING HARDWARE	2018-05-30	$32,859		SL	10.000000000000	$1,369	$0	$1,369
RUDDER	2018-06-18	$12,866		SL	10.000000000000	$429	$0	$429
SAIL	2018-07-05	$32,209		SL	3.000000000000	$3,579	$0	$3,579

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (34 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
YACHT COURAGEOUS	$1,016,428	$1,016,428	$0	$0
COURAGEOUS IMPROVEMENTS - OCTOBER 2003	$289,689	$289,689	$0	$0
TENDER IMPROVEMENTS	$49,389	$49,389	$0	$0
COURAGEOUS IMPROVEMENTS - AUGUST 2004	$56,031	$56,031	$0	$0
COURAGEOUS IMPROVEMENTS - MAY 2005	$65,626	$65,626	$0	$0
COMPUTER	$1,235	$1,235	$0	$0
NAVIGATION SOFTWARE	$1,295	$1,295	$0	$0
COURAGEOUS IMPROVEMENTS - MAY 3, 2007	$4,738	$4,738	$0	$0
COURAGEOUS IMPROVEMENTS - MAY 17, 2007	$4,218	$4,218	$0	$0
COURAGEOUS IMPROVEMENTS - JUNE 2008	$47,182	$47,182	$0	$0
NAVIGATION SOFTWARE - Y/E 10/10	$8,657	$8,657	$0	$0
COURAGEOUS IMPROVEMENTS - JULY 2011	$40,439	$29,656	$10,783	$10,783
COURAGEOUS IMPROVEMENTS - MAY 2011	$40,550	$30,413	$10,137	$10,137
COURAGEOUS IMPROVEMENTS - 2012	$104,039	$66,759	$37,280	$37,280
COMPUTER	$5,216	$5,216	$0	$0
COMPUTER EQUIPMENT	$9,313	$9,313	$0	$0
SAIL	$24,296	$24,296	$0	$0
SAIL	$24,295	$24,295	$0	$0
SAIL	$14,473	$14,070	$403	$403
SAIL	$12,597	$11,547	$1,050	$1,050
SAIL	$14,952	$13,706	$1,246	$1,246
SAIL	$1,583	$1,452	$131	$131
SAIL	$7,272	$4,848	$2,424	$2,424
SAIL	$14,097	$8,223	$5,874	$5,874
SAIL	$16,268	$7,682	$8,586	$8,586
SAIL	$3,858	$1,500	$2,358	$2,358
SAILING HARDWARE	$32,859	$2,191	$30,668	$30,668
SAIL	$32,209	$7,158	$25,051	$25,051
SAIL	$1,294	$288	$1,006	$1,006
SAIL	$650	$144	$506	$506
RUDDER	$12,866	$643	$12,223	$12,223
SAILING HARDWARE	$32,859	$1,369	$31,490	$31,490
RUDDER	$12,866	$429	$12,437	$12,437
SAIL	$32,209	$3,579	$28,630	$28,630

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$1,444	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$1,444	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE	$45,481	$0	$0	$45,481
CLOTHING & UNIFORMS	$12,671	$0	$0	$12,671
DIVER	$2,700	$0	$0	$2,700
DUES & SUBSCRIPTIONS	$4,435	$0	$0	$4,435
REGATTA FEES	$13,593	$0	$0	$13,593
AUTO EXPENSES	$34	$0	$0	$34
MEALS & ENTERTAINMENT	$7,708	$0	$0	$7,708
SUPPLIES	$9,223	$0	$0	$9,223
MAINTENANCE	$102,098	$0	$0	$102,098
DOCKAGE	$28,768	$0	$0	$28,768
MISCELLANEOUS	$4,940	$0	$0	$4,940
ROOM, BOARD & LODGING	$168	$0	$0	$168
TENDER RENTAL	$16,243	$0	$0	$16,243

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	PRIOR YEAR ADJUSTMENT TO CASH	Desc
Amt	$10,682	Amt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd
ALEXANDER AUERSPERG
829 PARK AVENUE APT 10A	NEW YORK	NY	10021
HOWARD MARSH
15 ORCHARD HILL LANE	GREENWICH	CT	06831
RALPH ISHAM
351 EAST 51 ST LOFT-2A	NEW YORK	NY	10022
STEPHEN GLASCOCK
206 FIFTH AVENUE 4TH FLOOR	NEW YORK	NY	10010

THE COURAGEOUS FOUNDATION: Form 990PF, tax year 2017

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

Qualifying Distributions QualifyingDistributionsGrp

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

Total Assets TotalAssetsGrp

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

Total Support TotalSupportGrp

Public Support Type PublicSupportType

Largest Support From EO LargestSupportFromEOGrp

Gross Investment Income GrossInvestmentIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (4 entries)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (34 entries)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (34 entries)

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (4 entries)

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