MAX H GLUCK FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MAX H GLUCK FOUNDATION INC (EIN 95-3979100)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-14
- IRS object ID
- 201941349349103324
- 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
- Accounting Fees Schedule
- Cash Deemed Charitable Expln Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-14T14:53:13-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472717606 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVY LAUTER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4640 ADMIRALTY WAY SUITE 700 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953979100 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Max H Gluck Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAXH | BusinessNameControlTxt |
| Phone | 3102174902 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 55516 | AddressLine1Txt |
| City | Sherman Oaks | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91413 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jon Kaswick | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 3105197011 | PhoneNum |
| Signature | 2019-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SUERISCHE VILLAROSA | PreparerPersonNm |
| PTIN | P01498118 | PTIN |
| Phone | 3108273808 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 208.82.213.4 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-14 | IPDt |
| IP Tm | 11:20:37 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 06F1E0E263E2B014A59B1967F850D020453820B0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | B602D594AFD2B0B327E07A06F36CA6A7E42546D0 | 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 | $113,241,523 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $91 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $91 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,775,433 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,775,433 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,968,458 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $55,339,000 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,968,458 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $6,743,982 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,743,982 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $143,003 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $15,248 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $119,629 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $36,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $5,791 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $4,991 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $4,544 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $59,958 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $56,960 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,998 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $680,128 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $678,736 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,002 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $129,197 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $56,416 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $9,513 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $4,980 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $1,992 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $15,270 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $15,270 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $34,454 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $11,608 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $18,945 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,113,325 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $820,960 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $172,348 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,791,919 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,098,002 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,905,244 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $820,960 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,270,350 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $838,738 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,923,022 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,486 | CashBOYAmt |
| Cash EOY | $18,459 | CashEOYAmt |
| Cash EOYFMV | $18,459 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $8,092,821 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,187,951 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,187,951 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $29,403 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $6,311 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $6,311 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $9,679,735 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $11,062,275 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $11,062,275 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $49,871,604 | CorporateStockBOYAmt |
| Corporate Stock EOY | $51,474,522 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $51,474,522 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $22,948,732 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $22,405,129 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $22,405,129 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $19,839,985 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $20,860,896 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $20,860,896 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,402 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,402 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $673,207 | OtherAssetsBOYAmt |
| Other Assets EOY | $225,980 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $225,980 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $111,145,973 | TotalAssetsBOYAmt |
| Total Assets EOY | $113,241,523 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $113,241,523 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $36,937 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $65,863 | AccountsPayableEOYAmt |
| Grants Payable BOY | $4,059,184 | GrantsPayableBOYAmt |
| Grants Payable EOY | $3,753,101 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $396,646 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $507,625 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,492,767 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,326,589 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $106,653,206 | UnrestrictedBOYAmt |
| Unrestricted EOY | $108,914,934 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $106,653,206 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $108,914,934 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $111,145,973 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $113,241,523 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $106,653,206 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $838,738 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,422,990 | OtherIncreasesAmt |
| Subtotal | $108,914,934 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $108,914,934 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly Traded Securities | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $55,339,000 | GrossSalesPriceAmt |
| Cost Or Other Basis | $51,370,542 | CostOrOtherBasisAmt |
| Gain Or Loss | $3,968,458 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $3,968,458 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,968,458 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $4,873,366 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $102,830,341 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.047392 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $4,757,628 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $101,330,118 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.046952 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $4,969,888 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $107,721,246 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046137 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,150,947 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $106,843,684 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.038851 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,806,893 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $101,548,614 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.047336 | DistributionYr5Rt |
| Total Distribution | 0.226668 | TotalDistributionRt |
| Average Distribution | 0.045334 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $107,604,782 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,878,155 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $59,230 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,937,385 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $5,270,350 | 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 | $59,230 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $59,230 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $59,230 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $51,751 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $25,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $76,751 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $17,521 | OverpaymentAmt |
| Applied To ES Tax | $17,521 | 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 | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | www.gluckfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVY LAUTER LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108273808 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4640 ADMIRALTY WAY SUITE 700 | AddressLine1Txt |
| City | MARINA DEL REY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90292 | 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| JON A KASWICK MD | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | President | 2.00 | $2,000 | $0 | $0 | |
| Richard Reinis | |||||||||
| 2121 Ave of the Stars Ste 900 | Los Angeles | CA | 90067 | Director | 1.00 | $2,000 | $0 | $0 | |
| Jennifer Kaswick | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Secretary | 1.00 | $2,000 | $0 | $0 | |
| Julie Kaswick | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Secretary | 1.00 | $2,000 | $0 | $0 | |
| Betty S Shelhamer | |||||||||
| P O Box 55516 | Sherman Oaks | CA | 91413 | Director | 1.00 | $2,000 | $0 | $0 | |
| Camilla Townsend | |||||||||
| 2019 West 35th Street | San Pedro | CA | 90732 | Executive Director | 25.00 | $90,503 | $0 | $0 | |
| Jessica Kaswick | |||||||||
| 5710 Crescent Park East Apartment | Playa Vista | CA | 90094 | Deputy Executive Director | 25.00 | $42,500 | $0 | $0 | 314 |
| 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 |
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 | $103,595,326 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,603,754 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $158,803 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $111,357,883 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $1,082,208 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $111,357,883 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,753,101 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $107,604,782 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,380,239 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,380,239 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $59,230 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $59,230 | TotalTaxAmt |
| Distributable Before Adj | $5,321,009 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,321,009 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,321,009 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,270,350 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,270,350 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $59,230 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,211,120 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,321,009 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $432,906 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,270,350 | QualifyingDistributionsAmt |
| Applied To Year1 | $432,906 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,837,444 | 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 |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $483,565 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 24th Street Theatre | |||||||
| 1117 West 24th Street | Los Angeles | CA | 90007 | N/A | PC | Arts Education | $47,000 |
| Angels Gate Cultural Center | |||||||
| 3601 S Gaffey Street | San Pedro | CA | 90731 | N/A | PC | Arts Education | $100,000 |
| Boys and Girls Club of LA Harbor | |||||||
| 1200 S Cabrillo Ave | San Pedro | CA | 90731 | N/A | PC | Arts Education | $75,000 |
| Carnegie HallThe Academy | |||||||
| 881 Seventh Avenue | New York | NY | 10019 | N/A | PC | Arts Education | $150,000 |
| Children's Hospital of Los Angeles | |||||||
| 3303 Wilshire Boulevard Ste 320 | Los Angeles | CA | 90010 | N/A | PC | Hospital Patient Arts Education | $24,505 |
| Greater Los Angeles Zoo Association | |||||||
| 5333 Zoo Drive | Los Angeles | CA | 90027 | N/A | PC | Children's Zoo | $99,400 |
| Harmony Project | |||||||
| 817 Vine Street Ste 212 | Los Angeles | CA | 90038 | N/A | PC | Arts Education | $150,000 |
| UCLA School of Arts & Architecture | |||||||
| 240 Charles Young Dr N | Los Angeles | CA | 90095 | N/A | PC | Arts Education | $275,903 |
| LA's Best | |||||||
| 200 N Spring St Ste M-120 | Los Angeles | CA | 90012 | N/A | PC | Arts Education | $81,800 |
| Leo Baeck Temple | |||||||
| 1300 N Sepulveda Blvd | Los Angeles | CA | 90049 | N/A | PC | Arts Education | $50,000 |
| Los Angeles County Museum of Art | |||||||
| 5905 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Maya Mobile/Arts Education LAUSD | $864,591 |
| Los Angeles Museum of the Holocaust | |||||||
| 100 The Grove Dr | Los Angeles | CA | 90036 | N/A | PC | Education | $80,000 |
| Los Angeles Opera | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education | $240,500 |
| Los Angeles Philharmonic Association | |||||||
| 135 N Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education | $432,850 |
| Orange County High School for The Arts | |||||||
| 1010 N Main Street | Santa Ana | CA | 92701 | N/A | PC | Support Community Service Arts Programs | $75,000 |
| Natural History Museum | |||||||
| 10th St Constitution Avenue | Washington DC | DC | 20560 | N/A | PC | Music Education/Student Fellowships | $1,011,999 |
| Regents of UC-Riverside | |||||||
| 900 University Ave/3143 HMNSS | Riverside | CA | 92521 | N/A | PC | Music Education/Student Fellowships | $555,000 |
| The Colburn School | |||||||
| 200 S Grand Ave | Los Angeles | CA | 90012 | N/A | PC | Arts Education Programs | $360,644 |
| The Juilliard School | |||||||
| 60 Lincoln Center | New York | NY | 10023 | N/A | PC | Student Fellowship Program | $275,000 |
| Los Angeles County High School of the Arts | |||||||
| 5905 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Outreach Program | $113,810 |
| Conga Kids | |||||||
| 5858 Wilshire Blvd | Los Angeles | CA | 90036 | N/A | PC | Capacity Building | $35,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,098,002 | 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 | $91 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,775,433 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,968,458 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,743,982 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,743,982 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit & Accounting Fees | CategoryTxt |
| Amt | $59,958 | Amt |
| Net Investment Income | $56,960 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,998 | DisbursementsCharitablePrpsAmt |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | In accordance with Reg. 53.4942(a)-2(c)(3)(iv), the Foundation is excluding from its minimum investment return (MIR) calculation a total of $3,753,101 in cash that it deems held for charitable activities. This amount is in excess of 1.5% of the fair market value (FMV) of the Foundation's total assets. The following information is submitted in support of the exclusion of $3,753,101 from MIR: 1. FMV of Foundation's average total assets- Part X, Line 3: $111,357,883 2. 1.5% of line 1: $1,670,368 3. Justification of the exclusion of an amount in excess of the amount on line 2: As of June 30, 2018, the Foundation has grant commitments of $3,753,101 of which $1,844,154 is required to be funded by September 2018, and $1,908,947 by March 2019. Therefore, a total of $3,753,101 is deemed held for charitable activities. Historically, the Foundation has funded grant commitments ranging from $4,165,000 to $5,436,000 annually. | ShortExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Corporate Bonds | $7,864,900 | $7,864,900 |
| Morgan Stanley 237-029935 Corporate Bonds | $5,810,692 | $5,810,692 |
| Morgan Stanley 237-029733 Corporate Bonds | $8,729,537 | $8,729,537 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Morgan Stanley 237-029670 Stock | $2,270,150 | $2,270,150 |
| Morgan Stanley 237-029664 Stock | $8,871,912 | $8,871,912 |
| Morgan Stanley 237-029729 Stock | $10,235,238 | $10,235,238 |
| Morgan Stanley 237-029932 Stock | $9,399,006 | $9,399,006 |
| Morgan Stanley 237-029731 Stock | $6,641,335 | $6,641,335 |
| Morgan Stanley 237-029930 Stock | $7,863,184 | $7,863,184 |
| Morgan Stanley 237-029856 Stock | $6,193,697 | $6,193,697 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $11,062,275 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $11,062,275 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Morgan Stanley 237-029670 Templeton Global Bond Fund | FMV | $6,676,251 | $6,676,251 |
| Morgan Stanley 237-029670 Alkeon Growth Offshore Fund | FMV | $3,696,461 | $3,696,461 |
| Morgan Stanley 237-029670 Millennium Int'L Hedge Fund | FMV | $4,486,722 | $4,486,722 |
| UMB - Blackgold Opportunity Offshore Fund | FMV | $2,638,900 | $2,638,900 |
| Morgan Stanley 237-029670 Lord Abbett Sht Duration | FMV | $3,362,562 | $3,362,562 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $4,544 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACCRUED DIVIDENDS AND INTEREST ON INVESTMENTS | $250,317 | $225,980 | $225,980 |
| SECURITY SALES PROCEEDS RECEIVABLE | $422,890 | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Insurance | $11,657 | $0 | $9,250 |
| Bank Charges | $15 | $0 | $0 |
| Office Supplies/Expenses | $1,479 | $0 | $0 |
| Investment Transaction Fees | $11,608 | $11,608 | $0 |
| Grantmaking Organization Dues | $9,695 | $0 | $9,695 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized Net Capital Gain on Investments | Desc |
| Amt | $1,422,990 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Securitiy Purchases Payable | $396,646 | $500,000 |
| Excise Tax Payable | $0 | $7,625 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Consulting Fees | $1,392 | $0 | $1,002 |
| Investment Advisory Fees | $678,736 | $678,736 | $0 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | The following information is submitted in support of the reduction from fair market value (FMV) claimed on line 1e of Part X under the authority of IRC Sec. 4942(e)(2)(B) and Reg. 53.4942(a)-2(c)(4): 1. Securities description: 10,343 units Alkeon Growth Offshore Fund - $3,696,461 2,087 units Blackgold Opportunity Offshore Fund - $2,638,900 2,993 units Millennium International HedgeFocus Fund - $4,486,721 2. Foundation's ownership in each fund: less than 3% 3. Total FMV of the securities prior to the valuation discount: $10,822,083 4. Amount of discount claimed: 10%, $1,082,208 5. Discount justification: The Foundation's investment in the above funds are subject to certain redemption restrictions, which may result in the Foundation not receiving sales proceeds for in excess of 6 months. A 10% discount to the value of these funds has therefore been included to reflect their lack of liquidity. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| State Filing Fees | $160 | $0 | $0 |
| Excise Taxes | $59,230 | $0 | $0 |
| Foreign Tax Withheld | $55,867 | $55,867 | $0 |
| Payroll Taxes | $13,940 | $549 | $9,513 |
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