THE GRACE AND MERCY FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE GRACE AND MERCY FOUNDATION INC (EIN 20-8050779)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-14
- IRS object ID
- 201803189349101265
- Schema version
- 2017v2.2
- 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 Assets Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-14T08:50:56-08:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John T Ablamsky MBA CPA PFS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 63 Reid Avenue | AddressLine1Txt |
| City | Port Washington | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 110503507 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208050779 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GRACE AND MERCY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAC | BusinessNameControlTxt |
| Phone | 2129842561 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 888 SEVENTH AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUMI KIM | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2129842561 | PhoneNum |
| Signature | 2018-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN T ABLAMSKY | PreparerPersonNm |
| PTIN | P01379861 | PTIN |
| Phone | 5168834306 | PhoneNum |
| Preparation | 2018-11-01 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.82.41.33 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-14 | IPDt |
| IP Tm | 08:50:50 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 03D83EF0AA91418DB411FCCBC55E4F4DEED0621D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 41D7C1FCA54652D6F5FD0CAB68CBCBD43D4401D4 | 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) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $514,740,987 | 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 | $301,306,813 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $116,509 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $116,509 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,363,056 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,363,056 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $163,928,383 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $299,657,501 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $163,928,383 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $344,239 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $344,239 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $467,059,000 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $165,752,187 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,671,876 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $585,157 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,086,719 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $353,220 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $353,220 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $56,592 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $56,592 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $14,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,875 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,625 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $4,000,000 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $5,333 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $2,667 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $63,424 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $63,424 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $80,528 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $80,528 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $648,822 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $32,351 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $616,471 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,894,295 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $631,050 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,260,579 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,705,723 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,705,723 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $17,600,018 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $631,050 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,966,302 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $449,458,982 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $165,121,137 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $317,382 | CashBOYAmt |
| Cash EOY | $9,359 | CashEOYAmt |
| Cash EOYFMV | $9,359 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $172,605,263 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $446,407,069 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $446,407,069 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $44,715,398 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $49,764,967 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $68,306,994 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $51,266 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,166 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $7,725 | LandBOYAmt |
| Land EOY | $13,100 | LandEOYAmt |
| Land EOYFMV | $13,100 | LandEOYFMVAmt |
| Other Assets BOY | $4,465 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,465 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,465 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $217,650,233 | TotalAssetsBOYAmt |
| Total Assets EOY | $496,198,960 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $514,740,987 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $3,206 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,946 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,206 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,946 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $217,647,027 | CapitalStockBOYAmt |
| Capital Stock EOY | $496,193,014 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $217,647,027 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $496,193,014 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $217,650,233 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $496,198,960 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $217,647,027 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $449,458,982 | ExcessRevenueOverExpensesAmt |
| Subtotal | $667,106,009 | SubtotalAmt |
| Other Decreases | $170,912,995 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $496,193,014 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 140,000 SHARES OF NETFLIX.COM | D | 2016-02-05 | 2017-08-02 | $25,199,698 | $0 | $11,590,600 | $13,609,098 | $0 | $0 | $0 | $13,609,098 |
| 145,000 SHARES OF NETFLIX.COM | D | 2016-02-05 | 2017-08-03 | $26,022,679 | $0 | $12,004,550 | $14,018,129 | $0 | $0 | $0 | $14,018,129 |
| 170,000 SHARES OF NETFLIX.COM | D | 2016-02-05 | 2017-08-04 | $30,513,037 | $0 | $14,074,300 | $16,438,737 | $0 | $0 | $0 | $16,438,737 |
| 160,000 SHARES OF NETFLIX.COM | D | 2016-02-08 | 2017-08-07 | $28,926,788 | $0 | $13,322,031 | $15,604,757 | $0 | $0 | $0 | $15,604,757 |
| 165,000 SHARES OF NETFLIX.COM | D | 2016-02-08 | 2017-08-08 | $29,676,511 | $0 | $13,747,800 | $15,928,711 | $0 | $0 | $0 | $15,928,711 |
| 55,000 SHARES OF NETFLIX.COM | D | 2016-02-08 | 2017-08-30 | $9,552,702 | $0 | $4,582,600 | $4,970,102 | $0 | $0 | $0 | $4,970,102 |
| 55,000 SHARES OF NETFLIX.COM | D | 2016-02-08 | 2017-08-31 | $9,605,275 | $0 | $4,582,600 | $5,022,675 | $0 | $0 | $0 | $5,022,675 |
| 54,600 SHARES OF NETFLIX.COM | D | 2016-02-08 | 2017-09-01 | $9,539,863 | $0 | $4,549,272 | $4,990,591 | $0 | $0 | $0 | $4,990,591 |
| 51,250 SHARES OF FACEBOOK.COM | D | 2014-05-30 | 2017-12-13 | $9,149,687 | $0 | $3,244,125 | $5,905,562 | $0 | $0 | $0 | $5,905,562 |
| 101,104 SHARES OF AMAZON.COM | D | 2016-02-09 | 2017-12-13 | $118,453,632 | $0 | $48,739,146 | $69,714,486 | $0 | $0 | $0 | $69,714,486 |
| 1,816.1324 SHARES OF GOSHEN GLOBAL EQUITY OFFSHORE, LTD. | P | 2014-01-01 | 2017-01-31 | $177,357 | $0 | $1,217,440 | -$1,040,083 | $0 | $0 | $0 | -$1,040,083 |
| 4,000 SHARES OF THRAX OFFSHORE FUND, LTD | P | 2016-03-01 | 2017-04-30 | $2,782,408 | $0 | $4,000,000 | -$1,217,592 | $0 | $0 | $0 | -$1,217,592 |
| 33.3033 SHARES OF CASCABEL OFFSHORE, LTD CLASS A SERIRES 1 | P | 2011-03-01 | 2017-06-30 | $3,023 | $0 | $3,330 | -$307 | $0 | $0 | $0 | -$307 |
| 33.3033 SHARES OF CASCABEL OFFSHORE, LTD CLASS A SERIRES 8 | P | 2011-03-01 | 2017-06-30 | $54,841 | $0 | $71,324 | -$16,483 | $0 | $0 | $0 | -$16,483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $163,928,383 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $9,833,958 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $136,891,394 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.071838 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $8,088,015 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $69,582,524 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.116236 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $9,401,290 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $71,535,752 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.131421 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $8,931,954 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $70,887,381 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.126002 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $6,938,326 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $72,420,766 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.095806 | DistributionYr5Rt |
| Total Distribution | 0.541303 | TotalDistributionRt |
| Average Distribution | 0.108261 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $302,748,155 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $32,775,818 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,651,211 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $34,427,029 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $12,966,302 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,302,423 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,302,423 | SubtotalAmt |
| Tax Based On Investment Income | $3,302,423 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,456,728 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $4,456,728 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$4,456,728 | OriginalReturnOverpaymentAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $1,154,305 | OverpaymentAmt |
| Applied To ES Tax | $1,154,305 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PATRICK HALLIGAN | IndividualWithBooksNm |
| Phone | 2129842561 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE GRACE AND MERCY FOUNDATION | AddressLine1Txt |
| City | NY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| SUMI KIM | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PRESIDENT | 40.00 | $475,000 | $61,885 | $0 |
| SUNG KOOK HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| BECKY HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | V.P./DIRECTOR | 2.00 | $0 | $0 | $0 |
| PATRICK HALLIGAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | TREASURER | 5.00 | $0 | $0 | $0 |
| ANDREW MILLS | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | VICE CHAIRPERSON | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| EUNG SIK KIM | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $309,235 | $63,256 | $0 |
| SAMUEL J TRAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $160,000 | $37,618 | $0 |
| RICHELLE S BRYAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $155,000 | $38,010 | $0 |
| SARA HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $145,000 | $36,829 | $0 |
| LANYU XU | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION | New York | NY | 10019 | PROGRAM OFFICER | 40.00 | $152,692 | $24,760 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 11 | 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 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Expenses2 | $0 | Expenses2Amt |
| Expenses3 | $0 | Expenses3Amt |
| Expenses4 | $0 | Expenses4Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $246,195,153 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $61,163,380 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $307,358,533 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $307,358,533 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,610,378 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $302,748,155 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $15,137,408 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $15,137,408 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,302,423 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,302,423 | TotalTaxAmt |
| Distributable Before Adj | $11,834,985 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $11,834,985 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,834,985 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,966,302 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $12,966,302 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $12,966,302 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,834,985 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $2,690,875 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $5,425,637 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $5,992,008 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,852,971 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,639,248 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $23,600,739 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $12,966,302 | QualifyingDistributionsAmt |
| Applied To Current Year | $11,834,985 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,131,317 | RemainingDistriFromCorpusAmt |
| Total Corpus | $24,732,056 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,690,875 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $22,041,181 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $5,425,637 | ExcessFromYear4Amt |
| Excess From Year3 | $5,992,008 | ExcessFromYear3Amt |
| Excess From Year2 | $4,852,971 | ExcessFromYear2Amt |
| Excess From Year1 | $4,639,248 | ExcessFromYear1Amt |
| Excess From Current Year | $1,131,317 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SUNG KOOK HWANG | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (65 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A ROCHA USA | ||||||
| PO Box 1338 | FREDERICKSBURG | TX | 78624 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| ASIAN ACCESS | ||||||
| 17100 Pioneer Blvd 302 | ARTESIA | CA | 90701 | 509(a)1170(b)(1)(A) | COMMUNITY | $50,000 |
| ASSEMBLIES OF GOD KOREAN DISTRICT COUNCIL | ||||||
| 1445 N BOONVILLE AVE | SPRINGFIELD | MO | 65802 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| AVAIL NYC | ||||||
| 110 East 40th Street Suite 706 | NEW YORK | NY | 10016 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| BEACON CHRISTIAN COMMUNITY HEALTH CENTER | ||||||
| 2079 Forest Ave | STATEN ISLAND | NY | 10303 | 509(a)1170(b)(1)(A) | MEDICAL | $50,000 |
| CHRISTIAN REFORMED HOME MISSIONS | ||||||
| 1700 28th Street SE | GRAND RAPIDS | MI | 49508 | 509(a)1170(b)(1)(A) | COMMUNITY | $75,000 |
| CHRISTIAN UNION | ||||||
| 19 Vandeventer Ave | PRINCETON | NJ | 08542 | 509(a)1170(b)(1)(A) | RELIGIOUS | $30,000 |
| CITY SEMINARY OF NEW YORK | ||||||
| 302 W 119th St | NEW YORK | NY | 10026 | 509(a)1170(b)(1)(A) | RELIGIOUS | $175,000 |
| CONCERTS OF PRAYER GREATER NEW YORK | ||||||
| 4604 31st Ave | ASTORIA | NY | 11103 | 509(a)1170(b)(1)(A) | RELIGIOUS | $150,000 |
| CRU INNER CITY | ||||||
| 100 LAKE HART DRIVE | ORLANDO | FL | 32832 | 509(a)1170(b)(1)(A) | RELIGIOUS | $90,000 |
| DWIGHT-ENGLEWOOD SCHOOL | ||||||
| 315 EAST PALISADE AVE | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | EDUCATION | $600,000 |
| EL POZO DE VIDA | ||||||
| 910 W 17th Street Suite B | SANTA ANA | CA | 92706 | 509(a)1170(b)(1)(A) | COMMUNITY | $75,000 |
| EXODUS TRANSITIONAL COMMUNITY INC | ||||||
| 2271 3rd Ave | NEW YORK | NY | 10035 | 509(a)1170(b)(1)(A) | COMMUNITY | $80,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES | ||||||
| 6 Drummond Pl 2 | RED BANK | NJ | 07701 | 509(a)1170(b)(1)(A) | EDUCATION | $108,000 |
| FOUNTAIN OF LIFE COVENANT CHURCH | ||||||
| 1830 W Columbia St | LONG BEACH | CA | 90810 | 509(a)1170(b)(1)(A) | RELIGIOUS | $80,000 |
| FULLER THEOLOGICAL SEMINARY | ||||||
| 135 N Oakland Ave | PASADENA | CA | 91101 | 509(a)1170(b)(1)(A) | RELIGIOUS | $2,000,000 |
| GEORGE W BUSH PRESIDENTIAL CENTER | ||||||
| 2943 SMU Boulevard | DALLAS | TX | 75205 | 509(a)1170(b)(1)(A) | EDUCATION | $20,000 |
| HAWAIIN ISLANDS MINISTRIES | ||||||
| 2752 Woodlawn Dr | HONOLULU | HI | 96822 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| HOLY NAME HOSPITAL KOREAN MEDICAL PROGRAM | ||||||
| 718 Teaneck Road | TEANECK | NJ | 07666 | 509(a)1170(b)(1)(A) | MEDICAL | $250,000 |
| HOPE FOR NEW YORK | ||||||
| 1359 BROADWAY | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $253,500 |
| IMENTOR | ||||||
| 30 Broad Street 9th Floor | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| INFINITY BIBLE CHURCH | ||||||
| 1619 E 174th St | BRONZ | NY | 10472 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| INHERITANCE OF HOPE | ||||||
| PO Box 90 | PISGAH FOREST | NC | 28768 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $200,000 |
| INTERNATIONAL JUSTICE MISSION | ||||||
| PO Box 58147 | WASHINGTON | DC | 20037 | 509(a)1170(b)(1)(A) | HUMANTIARIAN | $500,000 |
| INTERVARSITY CHRISTIAN FELLOWSHIP | ||||||
| 6400 Schroeder Road | MADISON | WI | 53707 | 509(a)1170(b)(1)(A) | RELIGIOUS | $125,000 |
| KOREAN AMERICAN COMMUNITY FOUNDATION | ||||||
| 31 West 34th Street 8th Floor | NEW YORK | NY | 10001 | 509(a)1170(b)(1)(A) | CULTURAL | $50,000 |
| KOREAN AMERICAN FAMILY SERVICE CENTER | ||||||
| PO BOX 541429 | FLUSHING | NY | 11354 | 509(a)1170(b)(1)(A) | CULTURAL | $50,000 |
| KOREAN EVANGELICAL MISSION FOR HISPANICS | ||||||
| 2148 Seaview Dr | FULLTERON | CA | 92833 | 509(a)1170(b)(1)(A) | RELIGIOUS | $290,000 |
| KULUNGU FOR CONGO | ||||||
| PO BOX 989 | FRESNO | CA | 93714 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $2,000 |
| LIBERTY IN NORTH KOREA | ||||||
| 1751 Torrance Blvd STE L | TORRANCE | CA | 90501 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $375,000 |
| LUIS PALAU ASSOCIATION | ||||||
| PO Box 50 | PORTLAND | OR | 97207 | 509(a)1170(b)(1)(A) | RELIGIOUS | $250,000 |
| MANHATTAN CHRISTIAN ACADEMY | ||||||
| 401 WEST 205TH STREET | NEW YORK | NY | 10034 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $195,000 |
| METRO COMMUNITY CHURCH | ||||||
| 291 S Van Brunt Street Unit 4 | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | RELIGIOUS | $20,000 |
| MILITARY COMMUNITY YOUTH MINISTRIES | ||||||
| 420 N Cascade Ave | COLORADO SPRINGS | CO | 80903 | 509(a)1170(b)(1)(A) | RELIGIOUS | $37,500 |
| MUSEUM OF THE BIBLE | ||||||
| PO Box 15479 | WASHINGTON | DC | 20003 | 509(a)1170(b)(1)(A) | RELIGIOUS | $279,223 |
| NEHEMIAH COMMUNITY DEVELOPMENT CORP | ||||||
| 655 W Badger Road | MADISON | WI | 53713 | 509(a)1170(b)(1)(A) | EDUCATION | $180,000 |
| NEW ASIA FOUNDATION FOR ED AND CULTURE | ||||||
| 3440 WILSHIRE BLVD STE 505 | LOS ANGELES | CA | 90010 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| NEW CANAAN SOCIETY INC | ||||||
| PO Box 111 | NEW CANAAN | CT | 06840 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| NEW YORK CITY RELIEF | ||||||
| 1359 Broadway | NEW YORK | NY | 10018 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $125,000 |
| NEW YORK CITY RESCUE MISSION | ||||||
| 90 Lafayette St | NEW YORK | NY | 10013 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| NOMI NETWORK | ||||||
| po box 533 | NEW YORK | NY | 10116 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $50,000 |
| NURU INTERNATIONAL | ||||||
| 71 MANZANITA ROAD | ATHER PON | CA | 94027 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $85,000 |
| OPEN HANDS LEGAL SERVICES INC | ||||||
| 244 5th Avenue Suite 2129 | NEW YORK | NY | 10001 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $60,000 |
| OTR LIVING WATER MINISTRY | ||||||
| 1528 Race Street | CINCINNATI | OH | 45202 | 509(a)1170(b)(1)(A) | RELIGIOUS | $25,000 |
| PAVE SCHOOLS | ||||||
| 238 Conover St | BROOKLYN | NY | 11231 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| PRISON FELLOWSHIP INTERNATIONAL | ||||||
| PO Box 1550 | MERRIFIELD | VA | 22116 | 509(a)1170(b)(1)(A) | RELIGIOUS | $125,000 |
| PULSE MOVEMENT | ||||||
| 34 13th Ave NE | MINNEAPOLIS | MN | 55413 | 509(a)1170(b)(1)(A) | RELIGIOUS | $25,000 |
| RAVI ZACHARIAS INTERNATIONAL MINISTRIES | ||||||
| 3755 Mansell Road | ALPHARETTA | GA | 30022 | 509(a)1170(b)(1)(A) | RELIGIOUS | $1,008,000 |
| REDEEMER CITY TO CITY | ||||||
| 1359 BROADWAY 4TH FLOOR | NEW YORK | NY | 10018 | 509(a)1170(b)(1)(A) | RELIGIOUS | $20,000 |
| RESTORE NYC | ||||||
| PO Box 1003 Bowling Green Station | NEW YORK | NY | 10274 | 509(a)1170(b)(1)(A) | COMMUNITY | $75,000 |
| RISING TIDE CAPITAL | ||||||
| 334 Martin Luther King Dr | JERSEY CITY | NJ | 07305 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| RUF CITY CAMPUS | ||||||
| 1166 Ave of the Americas | NEW YORK | NY | 10036 | 509(a)1170(b)(1)(A) | COMMUNITY | $20,000 |
| SEJONG CULTURAL EDUCATION | ||||||
| 200 SYLVAN AVE | ENGLEWOOD CLIFFS | NJ | 07632 | 509(a)1170(b)(1)(A) | EDUCATION | $10,000 |
| SOON MOVEMENT | ||||||
| 100 LAKE HART DRIVE | ORLANDO | FL | 32832 | 509(a)1170(b)(1)(A) | RELIGIOUS | $60,000 |
| STONY BROOK FOUNDATION | ||||||
| 230 Administration | STONY BROOK | NY | 11794 | 509(a)1170(b)(1)(A) | CULTURAL | $100,000 |
| THE BOWERY MISSION | ||||||
| 227 Bowery | NEW YORK | NY | 10002 | 509(a)1170(b)(1)(A) | COMMUNITY | $225,000 |
| THE CHILDRENS AID SOCIETY | ||||||
| 711 Third Avenue Suite 700 | NEW YORK | NY | 10017 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| THE GENEVA SCHOOL OF MANHATTAN | ||||||
| 593 Park Ave | NEW YORK | NY | 10065 | 509(a)1170(b)(1)(A) | EDUCATION | $100,000 |
| THE KING'S COLLEGE | ||||||
| 52 Broadway | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $377,500 |
| THE NAVIGATORS | ||||||
| PO Box 6079 | ALBERT LEA | MN | 56007 | 509(a)1170(b)(1)(A) | RELIGIOUS | $25,000 |
| THE SALVATION ARMY GREATER NEW YORK | ||||||
| 120 W 14th St | NEW YORK | NY | 10011 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $250,000 |
| THEOLOGY OF WORK PROJECT | ||||||
| PO Box 218 | HAMILTON | MA | 01936 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $75,000 |
| USTA FOUNDATION | ||||||
| 70 W Red Oak Ln 1 | WHITE PLAINS | NY | 10604 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| YOUNG LIFE NEW YORK CITY | ||||||
| 120 W 14th Street | NEW YORK | NY | 10011 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| ZIMELE USA | ||||||
| PO BOX 5543 | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,705,723 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $116,509 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,363,056 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $163,928,383 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN CASCADE, L.P. - FROM K-1 | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $344,239 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $165,752,187 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $165,752,187 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | SUNG KOOK HWANG | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THE GRACE AND MERCY FOUNDATION | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $301,304,958 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 944,600 SHARES OF NETFLIX.COM | $172,885,415 | 2017-08-01 |
| 1 | 51,250 SHARES OF FACEBOOK.COM | $9,187,741 | 2017-12-01 |
| 1 | 101,104 SHARES OF AMAZON.COM | $119,231,802 | 2017-12-01 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | JOHN T. ABLAMSKY, CPA TAX & ACCOUNTING | CategoryTxt |
| Amt | $14,500 | Amt |
| Net Investment Income | $10,875 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,625 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (17 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| COMPUTER | 2010-11-01 | $1,197 | $1,197 | 200DB | 5.00 | ||
| F&F | 2011-01-04 | $11,296 | $9,783 | 200DB | 7.00 | $1,009 | $504 |
| F&F | 2011-07-07 | $1,174 | $1,017 | 200DB | 7.00 | $105 | $52 |
| COMPUTER | 2011-01-31 | $5,059 | $5,059 | 200DB | 5.00 | ||
| COMPUTER | 2011-05-31 | $1,805 | $1,805 | 200DB | 5.00 | ||
| COMPUTER | 2011-06-28 | $902 | $902 | 200DB | 5.00 | ||
| COMPUTER | 2012-04-15 | $978 | $922 | 200DB | 5.00 | $56 | $28 |
| COMPUTER | 2012-05-16 | $2,057 | $1,938 | 200DB | 5.00 | $119 | $60 |
| COMPUTER | 2012-06-15 | $2,813 | $2,651 | 200DB | 5.00 | $162 | $81 |
| COMPUTER | 2012-07-16 | $1,139 | $1,073 | 200DB | 5.00 | $66 | $33 |
| COMPUTER | 2012-10-16 | $668 | $630 | 200DB | 5.00 | $38 | $19 |
| F&F | 2014-04-21 | $2,140 | $1,204 | 200DB | 7.00 | $267 | $134 |
| F&F | 2014-06-09 | $6,904 | $3,885 | 200DB | 7.00 | $863 | $432 |
| F&F | 2015-07-01 | $838 | $325 | 200DB | 7.00 | $147 | $74 |
| COMPUTER | 2015-07-01 | $568 | $296 | 200DB | 5.00 | $109 | $54 |
| F&F | 2016-07-01 | $1,020 | $146 | 200DB | 7.00 | $250 | $125 |
| COMPUTER | 2017-07-01 | $10,708 | 200DB | 5.00 | $2,142 | $1,071 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (14 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| 140,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $25,199,698 | $11,590,600 | $13,609,098 |
| 145,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $26,022,679 | $12,004,550 | $14,018,129 |
| 170,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $30,513,037 | $14,074,300 | $16,438,737 |
| 160,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $28,926,788 | $13,322,031 | $15,604,757 |
| 165,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $29,676,511 | $13,747,800 | $15,928,711 |
| 55,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $9,552,702 | $4,582,600 | $4,970,102 |
| 55,000 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-08 | $9,605,275 | $4,582,600 | $5,022,675 |
| 54,600 SHARES OF NETFLIX.COM | 2016-02 | Donated | 2017-09 | $9,539,863 | $4,549,272 | $4,990,591 |
| 51,250 SHARES OF FACEBOOK.COM | 2014-05 | Donated | 2017-12 | $9,149,687 | $3,244,125 | $5,905,562 |
| 101,104 SHARES OF AMAZON.COM | 2016-02 | Donated | 2017-12 | $118,453,632 | $48,739,146 | $69,714,486 |
| 1,816.1324 SHARES OF GOSHEN GLOBAL EQUITY OFFSHORE, LTD. | 2014-01 | Purchased | 2017-01 | $177,357 | $1,217,440 | -$1,040,083 |
| 4,000 SHARES OF THRAX OFFSHORE FUND, LTD | 2016-03 | Purchased | 2017-04 | $2,782,408 | $4,000,000 | -$1,217,592 |
| 33.3033 SHARES OF CASCABEL OFFSHORE, LTD CLASS A SERIRES 1 | 2011-03 | Purchased | 2017-06 | $3,023 | $3,330 | -$307 |
| 713.2433 SHARES OF CASCABEL OFFSHORE, LTD CLASS A SERIES 8 | 2011-03 | Purchased | 2017-06 | $54,841 | $71,324 | -$16,483 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | VARIOUS INVESTMENTS | CategoryOrItemTxt |
| Book Value | $49,764,967 | BookValueAmt |
| EOYFMV | $68,306,994 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| FURNITURE & FIXTURES | $23,371 | $19,001 | $4,370 |
| COMPUTER EQUIPMENT | $27,895 | $19,165 | $8,730 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| ROPES & GRAY LLP LEGAL | $51,414 | $51,414 |
| GIBBONS P.C. LEGAL | $5,178 | $5,178 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $4,465 | BOYBookValueAmt |
| EOY Book Value | $4,465 | EOYBookValueAmt |
| EOYFMV | $4,465 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $4,465 | BOYBookValueAmt |
| EOY Book Value | $4,465 | EOYBookValueAmt |
| EOYFMV | $4,465 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $4,465 | BOYBookValueAmt |
| EOY Book Value | $4,465 | EOYBookValueAmt |
| EOYFMV | $4,465 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NONDEDUCTIBLE EXPENSES | $45,061 |
| BOOK TO TAX ADJUSTMENT | $170,867,934 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| NYS FILING FEES | $1,500 | $1,500 | |
| MISCELLANEOUS | $9,147 | $9,147 | |
| INSURANCE | $16,563 | $16,563 | |
| PAYROLL EXPENSES | $92,430 | $60,079 | $32,351 |
| SUPPLIES,POSTAGE,PRINTING,ETC | $21,486 | $21,486 | |
| REG. CONF. SEMINAR | $4,239 | $4,239 | |
| LOCAL TRANSPORTATION | $30,037 | $30,037 | |
| MEALS @ 50% | $45,061 | $45,061 | |
| CONTRACT HIRE | $226,850 | $226,850 | |
| OTHER FILING FEES | $64 | $64 | |
| RESEARCH | $201,445 | $201,445 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN CASCADE, L.P. - FROM K-1 | Desc |
| Revenue And Expenses Per Books | $344,239 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $344,239 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRALS | Desc |
| BOY Book Value | $3,206 | BOYBookValueAmt |
| EOY Book Value | $5,946 | EOYBookValueAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRALS | Desc |
| BOY Book Value | $3,206 | BOYBookValueAmt |
| EOY Book Value | $5,946 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $4,000,000 | Amt |
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