ADAMES FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ADAMES FOUNDATION (EIN 84-3265498)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202533219349100418
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Expln Of Non Filing With AG Stmt
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T07:01:14-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331197384 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDERSEN TAX LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 NORTH CLEMATIS STREET SUITE 110 | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 843265498 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ADAMES FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O INTENTIONAL PHILANTHROPY LLC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ADAM | BusinessNameControlTxt |
| Phone | 3017614433 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4801 HAMPDEN LANE 106 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REBEKAH ALFOND | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3017614433 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATIE SMITH | PreparerPersonNm |
| PTIN | P01887675 | PTIN |
| Phone | 5618056550 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,367,001 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
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 | $5,052 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,052 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $61,197 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $61,197 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $49,581 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $49,581 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$79,203 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $435,823 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,775,162 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $435,823 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $551,653 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $551,653 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $49,088 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $49,088 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $34,324 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $17,162 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $17,162 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $88,708 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $51,268 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $37,440 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $29,182 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $29,182 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $84,790 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $84,790 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $53 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $53 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $0 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $28,496 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,169 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $13,327 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $314,641 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $246,712 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $67,929 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $442,608 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $442,608 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $757,249 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $246,712 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $510,537 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$205,596 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $304,941 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $49,779 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $266,063 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $266,063 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,595,355 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,428,324 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,428,324 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $3,860,542 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $84,790 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $3,245,035 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $3,775,752 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $3,775,752 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $4,425,794 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,896,862 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,896,862 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $925 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,316,888 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,367,001 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,367,001 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $139,463 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $139,463 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $9,316,888 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $9,227,538 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,316,888 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,227,538 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,316,888 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,367,001 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,316,888 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$205,596 | ExcessRevenueOverExpensesAmt |
| Other Increases | $220,659 | OtherIncreasesAmt |
| Subtotal | $9,331,951 | SubtotalAmt |
| Other Decreases | $104,413 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,227,538 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $147,359 | $143,421 | $3,938 | $3,938 |
| PUBLICLY TRADED SECURITIES | P | $1,492,387 | $1,195,918 | $296,469 | $296,469 |
| CAPITAL GAIN DISTRIBUTIONS - BT #1252 | P | $135,416 | $135,416 | $135,416 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $435,823 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,239 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,239 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,239 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,183 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $7,183 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $2,944 | OverpaymentAmt |
| Applied To ES Tax | $2,944 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | 0 | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | INTENTIONAL PHILANTHROPY LLC | IndividualWithBooksNm |
| Phone | 3017614433 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4801 HAMPDEN LANE SUITE 106 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | 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 | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REBEKAH A ALFOND | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4801 HAMPDEN LANE SUITE 106 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | DIRECTOR, PRESIDENT & SECRETARY | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SDJ AND ASSOCIATES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3193 FROST RD | AddressLine1Txt |
| City | PALM SPRINGS | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | CONSTRUCTION | ServiceTypeTxt |
| Compensation | $404,133 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,132,301 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $179,011 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,874,061 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,185,373 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,185,373 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $137,781 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $9,047,592 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $452,380 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $452,380 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,239 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,239 | TotalTaxAmt |
| Distributable Before Adj | $448,141 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $448,141 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $448,141 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $510,537 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $510,537 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $448,141 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $13,570 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr2 | $73,625 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $166,917 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $254,112 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $510,537 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $448,141 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $62,396 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $316,508 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $13,570 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $302,938 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $73,625 | ExcessFromYear2Amt |
| Excess From Year1 | $166,917 | ExcessFromYear1Amt |
| Excess From Current Year | $62,396 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|
| WEST PALM GOLF COMMUNITY TRUST INC | ||||||||||
| 3535 MILITARY TRL STE 101 | JUPITER | FL | 33458 | PC | WEST PALM GOLF PARK PAYMENT 3 OF 4 | $250,000 | ||||
| PLATFORM FOR SOCIAL IMPACT | ||||||||||
| 501 AVE ROBERTO H TODD | SAN JUAN | PR | 00907 | PC | BOYS & GIRLS CLUB LEGACY COUNCIL 2024 | $50,000 | ||||
| BETH ISRAEL WATERVILLE | ||||||||||
| 291 MAIN ST | WATERVILLE | ME | 04901 | PC | GENERAL OPERATING SUPPORT | $10,000 | ||||
| FRIENDS OF IDF | ||||||||||
| PO BOX 4224 | NEW YORK | NY | 10163 | PC | PTSD TRAINING PROGRAM | $10,008 | ||||
| JANE STERN DORADO COMMUNITY LIBRARY | ||||||||||
| PC | 50TH ANNIVERSARY ENDOWMENT GIFT | $10,000 | 331 MNDEZ VIGO STREET SUITE 1 | DORADO | RQ | 00646 | ||||
| PUERTO RICO GOLF ASSOCIATION | ||||||||||
| NC | GOLF PARA TODOS PROGRAM WITH THE MISSION TO EXPAND THE GAME OF GOLF TO EVERYONE IN P.R. | $12,600 | 262 AVE MATADERO | SAN JUAN | RQ | 00920 | ||||
| PGA TOUR FIRST TEE FOUNDATION INC | ||||||||||
| 1 PGA TOUR BLVD | PONTE VEDRA BEACH | FL | 32082 | PC | PGA TOUR FIRST TEE FOUNDATION INC. | $100,000 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $442,608 | 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 | $5,052 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $61,197 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$79,203 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $435,823 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $422,869 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $422,869 | 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 | ACCOUNTING FEES | CategoryTxt |
| Amt | $34,324 | Amt |
| Net Investment Income | $17,162 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $17,162 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (9 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | LifeLifeRt |
|---|---|---|---|---|---|---|
| LAND | 2022-10-25 | $323,200 | L | $0 | $0 | |
| BUILDING AND BUILDING IMPROVEMENTS | 2024-06-30 | $3,445,903 | SL | $47,860 | $47,860 | 39.000000000000 |
| BUILDING IMPROVEMENT | 2024-09-05 | $26,472 | SL | $198 | $198 | 39.000000000000 |
| BUILDIN IMPROVEMENT | 2024-11-19 | $11,000 | SL | $35 | $35 | 39.000000000000 |
| PLUNGE | 2024-01-12 | $11,699 | 200DB | $7,955 | $2,340 | 5.000000000000 |
| TRACKMAN | 2024-02-27 | $23,866 | 200DB | $16,229 | $3,978 | 5.000000000000 |
| MASSAGE TOOLS | 2024-03-01 | $6,100 | 200DB | $4,148 | $1,017 | 5.000000000000 |
| SCIENCE & MOTION SPORTS | 2024-04-08 | $11,500 | 200DB | $7,820 | $1,725 | 5.000000000000 |
| GPOD GOLF | 2024-01-01 | $802 | 200DB | $545 | $160 | 5.000000000000 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUERTO RICO GOLF ASSOCIATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 262 AVE MATADERO | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00920 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2024-03-29 | GrantDt |
| Grant | $12,600 | GrantAmt |
| Purpose Of Grant | GOLF PARA TODOS | PurposeOfGrantTxt |
| Expended By Grantee | $12,600 | ExpendedByGranteeAmt |
| Dates Of Reports By Grantee | 09/12/25 | DatesOfReportsByGranteeTxt |
| Results Of Verification | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. | ResultsOfVerificationTxt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION IS NOT REQUIRED TO FILE A COPY OF THE FEDERAL FORM 990 PF WITH THE DELAWARE ATTORNEY GENERAL BECAUSE THE FOUNDATION DID NOT HAVE ACTIVITIES CONDUCTED IN THE STATE OF DELAWARE DURING 2024. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (87 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALIMENTATION COUCHE-TARD I | $17,392 | $17,392 |
| ALPHABET INC CLASS C | $63,797 | $63,797 |
| AMAZON.COM INC | $60,771 | $60,771 |
| AMEREN CORP | $14,618 | $14,618 |
| APOLLO GLOBAL MANAGEMENT I | $11,891 | $11,891 |
| APPLE INC | $72,120 | $72,120 |
| APPLIED MATERIALS | $9,920 | $9,920 |
| ASHTEAD GROUP | $13,982 | $13,982 |
| ASM INTERNATIONAL NV | $3,483 | $3,483 |
| ASML HOLDING | $10,576 | $10,576 |
| AVANTOR INC | $8,996 | $8,996 |
| BANK OF AMERICA CORP | $27,468 | $27,468 |
| BJ'S WHOLESALE CLUB HOLDIN | $9,203 | $9,203 |
| BOOZ ALLEN HAMILTON HLDGS | $8,622 | $8,622 |
| BROADCOM INC | $19,242 | $19,242 |
| BROOKFIELD CORPORATION | $16,258 | $16,258 |
| BUILDERS FIRSTSOURCE INC | $3,573 | $3,573 |
| BWX TECHNOLOGIES INC | $5,235 | $5,235 |
| CARLISLE COS | $7,745 | $7,745 |
| CBRE GROUP INC | $8,796 | $8,796 |
| CCC INTELLIGENT SOLUTIONS | $5,161 | $5,161 |
| CDW CORP/DE | $8,876 | $8,876 |
| CENCORA INC | $15,502 | $15,502 |
| CLEAN HARBORS INC | $11,507 | $11,507 |
| CONOCOPHILLIPS | $21,321 | $21,321 |
| CONSTELLATION SOFTWARE | $15,441 | $15,441 |
| COOPER COS INC | $8,273 | $8,273 |
| COPART INC | $9,010 | $9,010 |
| CORE & MAIN INC | $7,636 | $7,636 |
| COSTCO WHSL CORP NEW (COST) | $12,827 | $12,827 |
| CRH PLC | $10,639 | $10,639 |
| DANAHER CORP | $20,200 | $20,200 |
| DOLLARAMA INC | $10,623 | $10,623 |
| EATON CORP PLC | $9,956 | $9,956 |
| ENTEGRIS INC | $4,853 | $4,853 |
| EQUIFAX INC | $8,155 | $8,155 |
| FISERV INC | $24,650 | $24,650 |
| FORTINET INC | $7,558 | $7,558 |
| GARTNER INC CL A | $20,832 | $20,832 |
| HILTON WORLDWIDE HOLDINGS | $16,065 | $16,065 |
| HOWMET AEROSPACE INC | $17,608 | $17,608 |
| IDEXX LABS CORP | $4,134 | $4,134 |
| INTERCONTINENTAL EXCHG INC | $26,672 | $26,672 |
| JPMORGAN CHASE & CO | $31,402 | $31,402 |
| KEYSIGHT TECHNOLOGIES INC | $10,280 | $10,280 |
| LIVE NATION ENTERTMNT INC | $7,122 | $7,122 |
| LOWES COS INC | $12,833 | $12,833 |
| LVMH MOET HENNESSY VUITTON | $13,864 | $13,864 |
| MANHATTAN ASSOCIATES INC | $9,458 | $9,458 |
| MARVELL TECHNOLOGY INC | $22,973 | $22,973 |
| MCKESSON CORP | $18,237 | $18,237 |
| MEDPACE HOLDINGS | $8,637 | $8,637 |
| MERCADOLIBRE INC | $11,903 | $11,903 |
| META PLATFORMS INC | $42,742 | $42,742 |
| MICROSOFT CORP | $77,134 | $77,134 |
| MOTOROLA SOLUTIONS INC | $24,035 | $24,035 |
| MSCI INC | $20,400 | $20,400 |
| NASDAQ INC. | $11,055 | $11,055 |
| NEXTERA ENERGY INC | $10,395 | $10,395 |
| NICE LTD ADR | $9,001 | $9,001 |
| NORTHROP GRUMMAN CORP | $12,670 | $12,670 |
| NVIDIA CORP | $70,636 | $70,636 |
| NXP SEMICONDUCTORS NV | $9,561 | $9,561 |
| OLD DOMINION FREIGHT | $4,410 | $4,410 |
| O'REILLY AUTO INC NEW | $9,486 | $9,486 |
| POOL CORP | $2,386 | $2,386 |
| PROLOGIS INC | $5,179 | $5,179 |
| RYAN SPECIALTY HOLDNGS INC | $9,303 | $9,303 |
| S&P GLOBAL INC. | $11,454 | $11,454 |
| SAIA INC COM | $8,203 | $8,203 |
| SBA COMMUNICATIONS CORP | $5,298 | $5,298 |
| SCHLUMBERGER LTD | $15,757 | $15,757 |
| SPDR S&P OIL & GAS EXPLORA | $3,044 | $3,044 |
| SPDR S&P REGIONAL BK ETF | $2,534 | $2,534 |
| STERIS PLC | $10,483 | $10,483 |
| TAKE-2 INTERACTIVE | $21,537 | $21,537 |
| THERMO FISHER SCIENTIFIC | $18,728 | $18,728 |
| TRADEWEB MARKETS INC | $11,520 | $11,520 |
| TRANSUNION | $24,568 | $24,568 |
| UNITEDHEALTH GROUP INC | $35,916 | $35,916 |
| US FOODS HOLDING CORP | $13,829 | $13,829 |
| UTILITIES SELECT SECT SPDR | $3,027 | $3,027 |
| VISA INC | $46,773 | $46,773 |
| WALMART INC | $22,045 | $22,045 |
| WEX INC | $5,084 | $5,084 |
| WILLSCOT MOBILE MINI HOLDI | $6,188 | $6,188 |
| WYNDHAM HOTELS & RESORTS | $6,047 | $6,047 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $323,200 | $0 | $323,200 | $323,200 |
| BUILDING AND BUILDING IMPROVEMENTS | $3,445,903 | $47,860 | $3,398,043 | $3,398,043 |
| BUILDING IMPROVEMENT | $26,472 | $198 | $26,274 | $26,274 |
| BUILDIN IMPROVEMENT | $11,000 | $35 | $10,965 | $10,965 |
| PLUNGE | $11,699 | $7,955 | $3,744 | $3,744 |
| TRACKMAN | $23,866 | $16,229 | $7,637 | $7,637 |
| MASSAGE TOOLS | $6,100 | $4,148 | $1,952 | $1,952 |
| SCIENCE & MOTION SPORTS | $11,500 | $7,820 | $3,680 | $3,680 |
| GPOD GOLF | $802 | $545 | $257 | $257 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| OW CREDIT INCOME FUND | FMV | $189,717 | $189,717 |
| OW FIXED INCOME FUND | FMV | $578,565 | $578,565 |
| OW LARGE CAP STRATEGIES FD | FMV | $2,166,343 | $2,166,343 |
| OW SMALL & MIDCAP STRAT FD | FMV | $648,367 | $648,367 |
| SEMILLERO OFFSHORE INVESTMENT FUND LTD. | FMV | $313,870 | $313,870 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $49,088 | LegalFeesAmt |
| Net Investment Income | $49,088 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt |
|---|---|
| ACCRUED INCOME | $25 |
| SECURITY DEPOSIT | $900 |
| INVESTMENTS - OTHER |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GEORGIA AVENUE PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $104,413 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE | $750 | $0 | $750 |
| MEMBERSHIP DUES | $10,830 | $0 | $10,830 |
| BANK FEES | $90 | $90 | $0 |
| CUSTODY FEES | $64 | $0 | $64 |
| OFFICE SUPPLIES AND SOFTWARE | $1,683 | $0 | $1,683 |
| REPAIRS AND MAINTENANCE | $3,769 | $3,769 | $0 |
| UTILITIES | $4,279 | $4,279 | $0 |
| OFFICE SUPPLIES & SOFTWARE | $5,105 | $5,105 | $0 |
| PROPERTY EXPENSE | $1,926 | $1,926 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS ON INVESTMENTS | Desc |
| Amt | $220,659 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| SECURITY DEPOSITS PAYABLE | $0 | $9,495 |
| DUE TO 366 PUTNAM | $0 | $10,000 |
| DUE TO 5212 S DIXIE LLC | $0 | $5,000 |
| DUE TO R-PGA #3, LLC | $0 | $20,000 |
| DUE TO VER PROPERTIES | $0 | $7,424 |
| DUE TO/FROM GOLF FUSION | $0 | $87,544 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PROPERTY MANAGEMENT | $33,000 | $33,000 | $0 |
| FOUNDATION MANAGEMENT FEE | $37,440 | $0 | $37,440 |
| INVESTMENT MANAGEMENT FEES | $11,893 | $11,893 | $0 |
| CONTRACTOR EXPENSE | $6,375 | $6,375 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES PAID | $320 | $320 | $0 |
| PROPERTY TAXES | $28,862 | $28,862 | $0 |
Comments