EMPIRE LOAN CHARITABLE FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
EMPIRE LOAN CHARITABLE FOUNDATION (EIN 45-2741468)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-15
IRS object ID
201821359349101812
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-15T10:40:49-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452741468EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Empire Loan Charitable FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlEMPIBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL GOLDSTEINPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2018-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,497FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$84,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$37InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$37InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$84,037TotalRevAndExpnssAmt
Total Net Invst Incm$37TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$1TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$7,892OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,892OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,893TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,892TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$70,800ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$70,800ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$78,693TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$78,692TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$5,344ExcessRevenueOverExpensesAmt
Net Investment Income$37NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,153SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$9,497SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$9,497SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$4,153TotalAssetsBOYAmt
Total Assets EOY$9,497TotalAssetsEOYAmt
Total Assets EOYFMV$9,497TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$4,153RetainedEarningBOYAmt
Retained Earning EOY$9,497RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,153TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,497TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,153TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,497TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,153TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$5,344ExcessRevenueOverExpensesAmt
Subtotal$9,497SubtotalAmt
Tot Net Ast Or Fund Balances EOY$9,497TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$80,124AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$11,312NetVlNoncharitableAssetsYr1Amt
Distribution Yr17.083098DistributionYr1Rt
Adjusted Qlfy Distri Yr2$65,379AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$12,803NetVlNoncharitableAssetsYr2Amt
Distribution Yr25.106538DistributionYr2Rt
Adjusted Qlfy Distri Yr3$60,885AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$19,714NetVlNoncharitableAssetsYr3Amt
Distribution Yr33.088414DistributionYr3Rt
Adjusted Qlfy Distri Yr4$127,348AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$40,633NetVlNoncharitableAssetsYr4Amt
Distribution Yr43.134103DistributionYr4Rt
Adjusted Qlfy Distri Yr5$94,745AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$33,521NetVlNoncharitableAssetsYr5Amt
Distribution Yr52.826437DistributionYr5Rt
Total Distribution21.23859TotalDistributionRt
Average Distribution4.247718AverageDistributionRt
Net Vl Noncharitable Assets$7,938NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$33,718AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$33,718AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$78,692QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Michael D Goldstein
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
John Keithline
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, VP1.0$0$0$0
Allison Picott
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, VP1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,059AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,059TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$8,059AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$121CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,938NetVlNoncharitableAssetsAmt
Minimum Investment Return$397MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$397MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$397DistributableBeforeAdjAmt
Distributable Before Ded$397DistributableBeforeDedAmt
Distributable As Adjusted$397DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$78,692ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$78,692QualifyingDistributionsAmt
Adjusted Qualifying Distri$78,692AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$397DistributableAsAdjustedAmt
Prior Year12015PriorYear1Yr
Prior Year22014PriorYear2Yr
Prior Year32013PriorYear3Yr
Excess Distribution Cyov Yr5$93,075ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$125,320ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$59,901ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$64,741ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$79,560ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$422,597TotalExcessDistributionCyovAmt
Qualifying Distributions$78,692QualifyingDistributionsAmt
Applied To Current Year$397AppliedToCurrentYearAmt
Remaining Distri From Corpus$78,295RemainingDistriFromCorpusAmt
Total Corpus$500,892TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$93,075ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$407,817ExcessDistriCyovToNextYrAmt
Excess From Year4$125,320ExcessFromYear4Amt
Excess From Year3$59,901ExcessFromYear3Amt
Excess From Year2$64,741ExcessFromYear2Amt
Excess From Year1$79,560ExcessFromYear1Amt
Excess From Current Year$78,295ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOSTON CITY LIGHTS FOUNDATION INC
1154 WASHINGTON STBOSTONMA02118N/APCGeneral & Unrestricted$10,000
CASA NUEVA VIDA INC
53 GLEN RDJAMAICA PLAINMA02130N/APCCharitable Event$2,500
DIMOCK SUPPORT CORPORATION
55 DIMOCK STROXBURYMA02119N/ASO III FICharitable Event$5,000
FAMILY & CHILDRENS SERVICE OF GREATER LYNN INC
111 N COMMON STLYNNMA01902N/APCGeneral & Unrestricted$500
FUTURE BUSINESS LEADERS SCHOLARSHIP FUND INC
PO BOX 508KELLERTX76244N/APCGeneral & Unrestricted$1,000
GIRLS INCORPORATED OF GREATER LOWELL
220 WORTHEN STLOWELLMA01852N/APCThe Empire Loan Charitable Foundation Scholarship fund$5,000
GRACE BAPTIST CHURCH-SEAFORD
805 ATLANTA RDSEAFORDDE19973N/APCYouth Group Program$500
HAVEN PROJECT INC
57 MUNROE STLYNNMA01901N/APCGeneral & Unrestricted$500
HOLE IN THE WALL GANG FUND INC
555 LONG WHARF DRNEW HAVENCT06511N/APCGeneral & Unrestricted$2,500
MY BROTHERS TABLE INC
98 WILLOW STLYNNMA01901N/APCGeneral & Unrestricted$500
NO BOOKS NO BALL
9 ROZELLA STDORCHESTERMA02122N/APCvideo production$10,000
NO BOOKS NO BALL
9 ROZELLA STDORCHESTERMA02122N/APCSummer Basketball Camp 2017 Program$2,500
NO BOOKS NO BALL
9 ROZELLA STDORCHESTERMA02122N/APCCharitable Event$10,000
OLD DARTMOUTH HISTORICAL SOCIETY
18 JOHNNY CAKE HLNEW BEDFORDMA02740N/APCCharitable Event$2,500
ORGANIZING COMMITTEE FOR THE DAY OF PORTUGAL & CAM
PO BOX 40564NEW BEDFORDMA02744N/APCGeneral & Unrestricted$500
ROOM TO GROW NATIONAL INC
142 BERKELEY STBOSTONMA02116N/APCGeneral & Unrestricted$1,800
TALENTED AND GIFTED ASSOCIATION INC
21 ANSELM TERBRIGHTONMA02135N/APCCharitable Event$2,500
THE FUND FOR PARKS AND RECREATION IN BOSTON
1010 MASSACHUSETTS AVEBOSTONMA02118N/APCBoston Neighborhood Basketball League Program$5,000
UNION UNITED METHODIST CHURCH
485 COLUMBUS AVEBOSTONMA02118N/APCCall to Serve: The Campaign for Union$7,500
UNITED SOUTH END SETTLEMENTS
566 COLUMBUS AVEBOSTONMA02118N/APCGeneral & Unrestricted$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$70,800TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$37ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$37ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$37TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonEmpire Collateral Loan Co IncContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11130 Washington StAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd
FieldValueIRS element (for citing)
Total Contributions$84,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2017, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $70,800. This amount represents over 25% of the Foundation's net assets of $4,153 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2017. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,867$7,867
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2016CategoryTxt
Amt$1Amt

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