HALLORAN FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- HALLORAN FOUNDATION (EIN 25-6885444)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202533219349107278
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T16:59:07-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 233016363 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BALDWIN FAMILY OFFICE LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 FOUR FALLS CORPORATE CENTER | AddressLine1Txt |
| Address Line2 | SUITE 2 | AddressLine2Txt |
| City | WEST CONSHOHOCKEN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19428 | 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 | 256885444 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HALLORAN FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HALL | BusinessNameControlTxt |
| Phone | 6102601555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 CONSHOHOCKEN STATE ROAD 1-202 | AddressLine1Txt |
| City | WEST CONSHOHOCKEN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19428 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HARRY HALLORAN JR | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6102601555 | PhoneNum |
| Signature | 2025-11-17 | 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 | BENJAMIN MECK | PreparerPersonNm |
| PTIN | P03104176 | PTIN |
| Phone | 6102601555 | PhoneNum |
| Preparation | 2025-11-17 | PreparationDt |
| 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 | $12,065,937 | 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 |
| Dividends Rev And Expnss | $11,815 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $11,815 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $463,610 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $463,610 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $228,481 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $228,481 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $703,906 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $703,906 | 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 |
| Pension Empl Bnft Rev And Expnss | -$1,157 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | -$116 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | -$1,041 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $14,757 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $14,757 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $9,616 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $962 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $8,654 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $213,012 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $213,012 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,572 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,572 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $3,848 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,848 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $73,559 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $68,724 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,835 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $315,207 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $71,142 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $244,065 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $83,333 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $83,333 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $398,540 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $71,142 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $327,398 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $305,366 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $632,764 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $3,006,989 | CashBOYAmt |
| Cash EOY | $3,083,903 | CashEOYAmt |
| Cash EOYFMV | $3,083,903 | CashEOYFMVAmt |
| Corporate Stock BOY | $417,341 | CorporateStockBOYAmt |
| Corporate Stock EOY | $417,341 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $417,341 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,172,992 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,403,751 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $8,564,693 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $83,334 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $6,680,656 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,904,995 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,065,937 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $6,680,656 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $6,904,995 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,680,656 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,904,995 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,680,656 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,904,995 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,680,656 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $305,366 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,307 | OtherIncreasesAmt |
| Subtotal | $6,988,329 | SubtotalAmt |
| Other Decreases | $83,334 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,904,995 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|
| LEGACY VI (K-1 PASSTHROUGH) | $223,898 | $223,898 |
| LEGACY VII (K-1 PASSTHROUGH) | $237,876 | $237,876 |
| LEGACY XI (K-1 PASSTHROUGH) | $1,634 | $1,634 |
| LEGACY VI (K-1 PASSTHROUGH) | -$465 | -$465 |
| LEGACY VII (K-1 PASSTHROUGH) | $664 | $664 |
| LEGACY XI (K-1 PASSTHROUGH) | $3 | $3 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $463,610 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8,795 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $8,795 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $8,795 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,921 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $5,600 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,521 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $726 | OverpaymentAmt |
| Applied To ES Tax | $726 | 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 | PA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.HALLORANPHILANTHROPIES.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6109404420 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 CONSHOHOCKEN STATE ROAD 1-202 | AddressLine1Txt |
| City | WEST CONSHOHOCKEN | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19428 | 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 | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| BRIAN FERNANDES-HALLORAN | |||||||||
| 1001 CONSHOHOCKEN STATE ROAD SUITE | 1-202 | WEST CONSHOHOCKEN | PA | 19428 | EXECUTIVE DIRECTOR | 40.00 | $0 | $0 | $0 |
| NEIL HALLORAN | |||||||||
| 1001 CONSHOHOCKEN STATE ROAD SUITE | 1-202 | WEST CONSHOHOCKEN | PA | 19428 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE HALLORAN FOUNDATION ADVANCES PARTNERSHIPS FOR EFFECTIVE GRANTMAKING AND CATALYTIC INVESTING ACROSS THE PHILADELPHIA AND BRADFORD REGIONS. IT HAS ESTABLISHED THE STEWARDS PROJECT AND RELATED INITIATIVES TO DEVELOP LOCAL LEADERSHIP IN IMPACT FINANCE AND COMMUNITY-CENTERED PHILANTHROPY. THE FOUNDATION SUPPORTS THE DESIGN OF GOVERNANCE MODELS THAT PLACE PROXIMATE LEADERS AND INDIVIDUALS WITH LIVED EXPERIENCE IN POSITIONS TO GUIDE DECISIONS AFFECTING THEIR COMMUNITIES, ENSURING THAT LOCAL INSIGHT SHAPES INVESTMENT AND PHILANTHROPIC STRATEGY. THE FOUNDATION ALSO COLLABORATES WITH PARTNERS SUCH AS SOCAP GLOBAL TO DEVELOP EDUCATIONAL PROGRAMMING THAT STRENGTHENS THE GLOBAL IMPACT INVESTING ECOSYSTEM. IN ADDITION, THE FOUNDATION WORKS WITH THE PHILADELPHIA FOUNDATION AND IMPACTPHL TO EXPAND PHILADELPHIA'S IMPACT INVESTING ECOSYSTEM THROUGH CONVENINGS AND EDUCATION PROGRAMS, AND WITH REGIONAL PARTNERS IN BRADFORD, PENNSYLVANIAINCLUDING BEN FRANKLIN TECHNOLOGY PARTNERS AND THE BRADFORD AREA | Description1Txt |
| Expenses1 | $160,000 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $7,796,754 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,007,692 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,804,446 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,804,446 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $162,067 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,642,379 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $532,119 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $532,119 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,795 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8,795 | TotalTaxAmt |
| Distributable Before Adj | $523,324 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $523,324 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $523,324 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $327,398 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $327,398 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $523,324 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $313,391 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $299,116 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $612,507 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $327,398 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $327,398 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $195,926 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $195,926 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $416,581 | 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 | $117,465 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $299,116 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $299,116 | ExcessFromYear4Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLAIN SIGHT CAPITAL MANAGEMENT INC | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 537 SUSAN DR | AddressLine1Txt |
| City | KING OF PRUSSIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | NC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | ALL RECOVERABLE GRANT FUNDS, INCLUDING ANY INTEREST AND OTHER INCOME EARNED THEREON, MUST BE EXPENDED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE AND SPECIFICALLY FOR THE EXPENSES SET FORTH BELOW IN SECTION 1.2(B) OF THIS AGREEMENT IN SUPPORT OF THE CHARITABLE PURPOSES. RECOVERABLE GRANT FUNDS MAY NOT BE EXPENDED FOR ANY OTHER PURPOSE WITHOUT THE PRIOR WRITTEN APPROVAL OF RECOVERABLE GRANTOR. ANY FUNDS NOT EXPENDED OR COMMITTED FOR THE CHARITABLE PURPOSES IN ACCORDANCE WITH THE TERMS HEREOF MUST BE RETURNED TO RECOVERABLE GRANTOR.SPECIFICALLY, THE PROCEEDS OF THE DISBURSEMENTS SHALL BE USED TO SUPPORT THE GRANTEE IN ITS EXPENSES ASSOCIATED WITH THE OPERATION, AND MANAGEMENT OF THE FUND, FOCUSED ON INVESTING IN UNDERREPRESENTED ENTREPRENEURS AND PROVIDING THEM WITH SUPPORT NEEDED TO SUCCEED. | GrantOrContributionPurposeTxt |
| Amt | $83,333 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $83,333 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11,815 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $228,481 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $463,610 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $703,906 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $703,906 | 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 | $9,616 | Amt |
| Net Investment Income | $962 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,654 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | 3DEGREES | StockNm |
| EOY Book Value | $417,341 | EOYBookValueAmt |
| EOYFMV | $417,341 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (24 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ANGAZA DESIGN, INC. - SERIES A PREFERRED - 10,810 SHARES FROM TSEF | AT COST | $11,429 | $11,429 |
| BENESTREAM - COMMON STOCK | AT COST | $50,000 | $50,000 |
| CARBON LIGHTHOUSE, INC. - CLASS A COMMON | AT COST | $30,286 | $30,286 |
| CLINICAS DEL AZUCAR | AT COST | $250,000 | $250,000 |
| CLINICAS DEL AZUCAR - SERIES B-1 PREF. | AT COST | $80,434 | $80,434 |
| EMERGING IMPACT FUND III | AT COST | $212,714 | $212,714 |
| FROGTEK BOP, LLC - SERIES A PREFERRED | AT COST | $16,138 | $16,138 |
| INVERSOR | AT COST | $249,208 | $249,208 |
| L&J INC. - SERIES B PREFERRED STOCK | AT COST | $50,000 | $50,000 |
| L&J INC. - SERIES C PREFERRED STOCK | AT COST | $5,649 | $5,649 |
| LEGACY VENTURES VI, LLC | AT COST | $757,362 | $2,752,151 |
| LEGACY VENTURES VII, LLC | AT COST | $608,889 | $3,753,193 |
| LEGACY VENTURES XI, LLC | AT COST | $454,464 | $476,313 |
| LOAN - ASSIGNED RECOVERABLE GRANT 2011 - AWETHU | AT COST | $5,600 | $5,600 |
| LOAN - MALO SARL (CONVERTIBLE) | AT COST | $125,000 | $125,000 |
| LOAN - PIGEONLY, INC. - SAFE NOTE DATED 2/28/17 | AT COST | $11,429 | $11,429 |
| LOAN - PIGEONLY, INC. - SAFE NOTE DATED 5/8/15 | AT COST | $20,682 | $20,682 |
| LOAN - PIGEONLY, INC. - SAFE NOTE DATED 7/31/15 | AT COST | $43,195 | $43,195 |
| ONERGY (PUNAM ENERGY PRIVATE LTD) | AT COST | $47,700 | $47,700 |
| PHARMASECURE, INC - SERIES A PREFERRED | AT COST | $14,286 | $14,286 |
| PHARMASECURE, INC - SERIES B-1 PREFERRED | AT COST | $5,714 | $5,714 |
| PHARMASECURE, INC. - SERIES B PREFERRED | AT COST | $57,143 | $57,143 |
| PIGEONLY, INC. - SERIES A PREFERRED | AT COST | $71,429 | $71,429 |
| SOCAP GLOBAL, PBC | AT COST | $225,000 | $225,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $14,757 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $14,757 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PLAIN SIGHT CAPITAL (PROGRAM RELATED INVESTMENT) | Desc |
| BOY Book Value | $83,334 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT FOR RECLASSIFIED GRANT FROM PRI | Desc |
| Amt | $83,334 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| UTILITIES | $60 | $0 | $60 |
| PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES XI, LLC | $26,158 | $26,158 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES VII, LLC | $21,111 | $21,111 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES VI, LLC | $9,367 | $9,367 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - FROGTEK BOP | $4 | $4 | $0 |
| PASSTHROUGH OF OTHER DEDUCTIONS - EMERGING IMPACT FUND | $12,084 | $12,084 | $0 |
| MARKETING/PUBLICATIONS/COMMUNICATIONS | $1,507 | $0 | $1,507 |
| DUES/SUBSCRIPTIONS | $3,375 | $0 | $3,375 |
| BANK CHARGES | -$107 | $0 | -$107 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ALLOC. OF INCOME FROM LEGACY VENTURE VII K-1(PASSIVE INCOME) | $160,289 | $160,289 | $160,289 |
| ALLOC. OF INCOME FROM LEGACY VENTURE VI K-1(PASSIVE INCOME) | $20,183 | $20,183 | $20,183 |
| ALLOC. OF INCOME FROM FROGTEK BOP K-1 (PASSIVE INCOME) | $0 | $0 | $0 |
| ALLOC. OF INCOME FROM LEGACY VENTURE XI K-1(PASSIVE INCOME) | $4 | $4 | $4 |
| ROYALTIES (BOOK SALES) | $19 | $19 | $19 |
| FROGTEK BOP LOAN REPAYMENT | $47,972 | $47,972 | $47,972 |
| AWETHU REPAYMENT | $14 | $14 | $14 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT FOR FROGTEK BOP CAPITAL ACCOUNT PER K-1 | Desc |
| Amt | $2,307 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTANTS | $78,177 | $0 | $78,177 |
| PAYROLL PROCESSING | $326 | $0 | $326 |
| SHARED SERVICES | $134,509 | $0 | $134,509 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES - LEGACY VENTURES VI (PASSTHROUGH FROM K-1) | $249 | $249 | $0 |
| FOREIGN TAXES - LEGACY VENTURES VII (PASSTHROUGH FROM K-1) | $1,304 | $1,304 | $0 |
| FOREIGN TAXES - LEGACY VENTURES XI (PASSTHROUGH FROM K-1) | $19 | $19 | $0 |