SEA CHANGE FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SEA CHANGE FOUNDATION (EIN 20-4952986)
Tax period
2016-08-01 to 2017-07-31
Filed
2018-06-18
IRS object ID
201841699349100409
Schema version
2016v3.0
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)
Return2018-06-18T10:37:58-07:00ReturnTs
Tax Period End2017-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Comyns Smith McCleary & Deaver LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13470 Mt Diablo Blvd A110AddressLine1Txt
CityLafayetteCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94549ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204952986EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Sea Change FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSEACBusinessNameControlTxt
Phone4158309330PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One Embarcadero Center 22nd FloorAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94111ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonThomas SteinbachPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Signature2018-06-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBrent M BaxterPreparerPersonNm
PTINP00186097PTIN
Phone9252991040PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$225,076,693FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,516,132ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$552InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$552InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$65,865,759NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$198,289,267GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$66,628,583CapGainNetIncmNetInvstIncmAmt
Other Income Net Invst Incm-$762,824OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$91,382,443TotalRevAndExpnssAmt
Total Net Invst Incm$65,866,311TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$40,402LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$40,470LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$82,229AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$83,934AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,800OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$1,813OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$492,806InterestRevAndExpnssAmt
Interest Dsbrs Chrtbl$492,806InterestDsbrsChrtblAmt
Taxes Rev And Expnss$1,774,048TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$1,048TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$17,167OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$34,695OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,408,452TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$654,766TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$43,110,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$46,730,832ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$45,518,452TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,385,598TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$45,863,991ExcessRevenueOverExpensesAmt
Net Investment Income$65,866,311NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$26CashBOYAmt
Cash EOY$26CashEOYAmt
Cash EOYFMV$26CashEOYFMVAmt
Sav And Temp Cash Invst BOY$5,360,885SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$17,277,770SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$17,277,770SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$645,512AcctRcvblAmt
Acct Rcvbl EOY$645,512AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$645,512AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$3,943PrepaidExpensesBOYAmt
Prepaid Expenses EOY$20,162PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$20,162PrepaidExpensesEOYFMVAmt
Other Investments BOY$220,950,706OtherInvestmentsBOYAmt
Other Investments EOY$207,051,412OtherInvestmentsEOYAmt
Other Investments EOYFMV$207,051,412OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$81,811LandBldgEquipCostOrOtherBssAmt
Land BOY$81,811LandBOYAmt
Land EOY$81,811LandEOYAmt
Land EOYFMV$81,811LandEOYFMVAmt
Total Assets BOY$226,397,371TotalAssetsBOYAmt
Total Assets EOY$225,076,693TotalAssetsEOYAmt
Total Assets EOYFMV$225,076,693TotalAssetsEOYFMVAmt
Accounts Payable BOY$4,050AccountsPayableBOYAmt
Accounts Payable EOY$3,778AccountsPayableEOYAmt
Grants Payable BOY$8,262,500GrantsPayableBOYAmt
Grants Payable EOY$4,641,668GrantsPayableEOYAmt
Other Liabilities BOY$12,677,286OtherLiabilitiesBOYAmt
Other Liabilities EOY$901,832OtherLiabilitiesEOYAmt
Total Liabilities BOY$20,943,836TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,547,278TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$205,453,535RetainedEarningBOYAmt
Retained Earning EOY$219,529,415RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$205,453,535TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$219,529,415TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$226,397,371TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$225,076,693TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$205,453,535TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$45,863,991ExcessRevenueOverExpensesAmt
Subtotal$251,317,526SubtotalAmt
Other Decreases$31,788,111OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$219,529,415TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
8194.3342 Medallion Capital Inv. LtdP2008-04-012017-07-31$51,659,428$1,157,078$50,502,350$50,502,350
58488.9114 Meritage Holdings Ltd Class AP2010-01-012016-12-31$4,671,970$3,096,791$1,575,179$1,575,179
251898.2582 Meritage Holdings Ltd Class CP2016-01-012017-07-31$95,987,971$86,669,238$9,318,733$9,318,733
Renaissance Institutional Div Alpha FundP2015-07-312017-07-31$2,465,733$2,465,733$2,465,733
Renaissance Institutional Div Alpha FundP2015-07-312017-07-31$2,004,829-$2,004,829-$2,004,829
240.2015 Medallion Capital Inv. LtdP2017-01-012017-03-31$40,043,767$35,859,428$4,184,339$4,184,339
19.2467 Medallion Capital Inv. LtdP2017-01-012017-06-30$3,460,398$2,873,320$587,078$587,078
FieldValueIRS element (for citing)
Capital Gain Net Income$66,628,583CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$43,763,712AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$207,873,805NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.21053DistributionYr1Rt
Adjusted Qlfy Distri Yr2$36,681,154AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$179,410,789NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.20445DistributionYr2Rt
Adjusted Qlfy Distri Yr3$47,665,107AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$154,709,262NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.30810DistributionYr3Rt
Adjusted Qlfy Distri Yr4$44,112,986AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$133,851,290NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.32957DistributionYr4Rt
Adjusted Qlfy Distri Yr5$58,000,653AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$146,046,070NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.39714DistributionYr5Rt
Total Distribution1.449784TotalDistributionRt
Average Distribution0.289957AverageDistributionRt
Net Vl Noncharitable Assets$223,704,157NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$64,864,586AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$658,663NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$65,523,249AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$47,385,598QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,317,326InvestmentIncomeExciseTaxAmt
Subtotal$1,317,326SubtotalAmt
Tax Based On Investment Income$1,317,326TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,282,464EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,282,464TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$585EsPenaltyAmt
Tax Due$35,447TaxDueAmt

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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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
Website Addresswww.seachange.orgWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Thomas E SteinbachBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4158309330PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1One Embarcadero Center 22nd FloorAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94111ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Nathaniel Simons
One Embarcadero Center 22nd FlSan FranciscoCA94111President2.00$0
Laura Baxter-Simons
One Embarcadero Center 22nd FlSan FranciscoCA94111Sec. & Treas.2.00$0
Thomas Steinbach
One Embarcadero Center 22nd FlSan FranciscoCA94111Exec Dir10.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,174,812AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$195,936,007FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$227,110,819TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$227,110,819AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,406,662CashDeemedCharitableAmt
Net Vl Noncharitable Assets$223,704,157NetVlNoncharitableAssetsAmt
Minimum Investment Return$11,185,208MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$11,185,208MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,317,326TaxBasedOnInvestmentIncomeAmt
Total Tax$1,317,326TotalTaxAmt
Distributable Before Adj$9,867,882DistributableBeforeAdjAmt
Distributable Before Ded$9,867,882DistributableBeforeDedAmt
Distributable As Adjusted$9,867,882DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,385,598ExpensesAndContributionsAmt
Qualifying Distributions$47,385,598QualifyingDistributionsAmt
Adjusted Qualifying Distri$47,385,598AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,867,882DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$58,680,290ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$44,112,986ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$47,665,107ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$36,681,154ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$43,763,712ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$230,903,249TotalExcessDistributionCyovAmt
Qualifying Distributions$47,385,598QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$9,867,882AppliedToCurrentYearAmt
Remaining Distri From Corpus$37,517,716RemainingDistriFromCorpusAmt
Total Corpus$268,420,965TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$58,680,290ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$209,740,675ExcessDistriCyovToNextYrAmt
Excess From Year4$44,112,986ExcessFromYear4Amt
Excess From Year3$47,665,107ExcessFromYear3Amt
Excess From Year2$36,681,154ExcessFromYear2Amt
Excess From Year1$43,763,712ExcessFromYear1Amt
Excess From Current Year$37,517,716ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNathaniel SimonsContributingManagerNm
Contributing ManagerLaura Baxter-SimonsContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee StatementRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1See StatementAddressLine1Txt
CitySee StatementCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94111ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatuspublicRecipientFoundationStatusTxt
Grant Or Contribution Purpose.GrantOrContributionPurposeTxt
Amt$46,730,832Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$46,730,832TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

FieldValueIRS element (for citing)
Recipient PersonSee StatementRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1See StatementAddressLine1Txt
CitySee StatementCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94111ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatuspublicRecipientFoundationStatusTxt
Grant Or Contribution Purpose.GrantOrContributionPurposeTxt
Amt$4,641,668Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$4,641,668TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$552ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$4,771,417UnrelatedBusinessTaxblIncmAmt
Exclusion18ExclusionCd
Exclusion$61,094,342ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$4,771,417UnrelatedBusinessTaxblIncmAmt
Exclusion$61,094,894ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$65,866,311TotalIncomeProducingActyAmt

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 (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Nathaniel Laura Simons
1One Embarcadero Center 22nd FlSan FranciscoCA94111$9,790,000Yes (X)
Nathaniel Simons DE Trust I
2500 Stanton Christiana RdNewarkDE19713$14,870,500Yes (X)
Nathaniel Simons DE Trust II
3500 Stanton Christiana RdNewarkDE19713$478,046Yes (X)
Nathaniel Simons Renaissance Trust
4500 Stanton Christiana RdNewarkDE19713$377,586Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting Fees - Bookkeeping/AuditingCategoryTxt
Amt$82,229Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$83,934DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceGeneral Explanation Supplemental Information for Form 990-PFFormAndLineReferenceDesc
Medium ExplanationCalculation of Gain (Loss) on Sale of Debt-financed PropertyForm 990-T, Part 1, Lines 4a-4c:Sales Proceeds $43,504,165Original Asset Cost (38,732,748)Net Gain (Loss) on Sale 4,771,417Highest Acquisition Indebtedness $27,500,000Average Adjusted Basis 38,990,000Percentage of Gain Taxable as UDFI 70.53%Total UDFI Taxable Gain (Loss) 3,365,280MediumExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (6 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Medallion Capital Inv. Ltd.FMV$312,527$312,527
Meritage Holdings Ltd. - Class AFMV$86,120,602$86,120,602
Meritage Holdings Ltd. - Class CFMV
Mendocino Long Offshore Ltd.FMV$35,261,176$35,261,176
Renaissance Inst. Diver. Alpha Fund LLCFMV$60,423,763$60,423,763
Renaissance Inst. Diver. Alpha Fund LLCFMV$24,933,344$24,933,344

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemFurniture and FixturesCategoryOrItemTxt
Cost Or Other Basis$81,811CostOrOtherBasisAmt
Book Value$81,811BookValueAmt
EOYFMV$81,811EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal Fees - GeneralCategoryTxt
Legal Fees$40,402LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$40,470DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNet Unrealized LossesDesc
Amt$31,788,111Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Other Insurance$15,907$33,435
Miscellaneous$1,260$1,260

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryHR Professional feesCategoryTxt
Amt$1,800Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,813DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Federal Excise Tax$875,000
SF City Personal Property Taxes$970$1,048
Deferred Taxes$898,078

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