THE MERAGE INSTITUTE FOR THE AMERICAN DREAM: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE MERAGE INSTITUTE FOR THE AMERICAN DREAM (EIN 68-0529693)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-08
- IRS object ID
- 201703129349100835
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-08T10:59:35-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DUNN HENRITZE MALINE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 W OAK ST STE 1100 | AddressLine1Txt |
| City | FORT COLLINS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 805212733 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680529693 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Merage Institute | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERA | BusinessNameControlTxt |
| Phone | 9494745800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 Newport Center Drive | AddressLine1Txt |
| City | Newport Beach | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul Merage | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2017-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Robin Palmer | PreparerPersonNm |
| PTIN | P01432409 | PTIN |
| Phone | 9703724160 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,670,735 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $3,000,755 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $2 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $2 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $6,478 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,478 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $6,478 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $13,226 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $13,226 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $13,226 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $2,397 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $3,020,461 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $19,706 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $8,877 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $392,566 | OthEmplSlrsWgsRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $1,093 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $10,300 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $98,500 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $35 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $25 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $43,354 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $984,379 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,568 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $3,568 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $1,530,227 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,593 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $3,568 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,502,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,502,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,032,227 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,593 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $3,568 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,502,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$11,766 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,113 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,309 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $28,244 | CashBOYAmt |
| Cash EOY | $134,950 | CashEOYAmt |
| Cash EOYFMV | $134,950 | CashEOYFMVAmt |
| Acct Rcvbl | $1,505 | AcctRcvblAmt |
| Acct Rcvbl BOY | $9,385 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,505 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,505 | AcctRcvblEOYFMVAmt |
| Other Investments BOY | $3,216,049 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,534,280 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,534,280 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $3,253,678 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,670,735 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,670,735 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $68,795 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $838,170 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $68,795 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $838,170 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $3,184,883 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,832,565 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,184,883 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,832,565 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,253,678 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,670,735 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,184,883 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$11,766 | ExcessRevenueOverExpensesAmt |
| Other Increases | $259,448 | OtherIncreasesAmt |
| Subtotal | $3,432,565 | SubtotalAmt |
| Other Decreases | $600,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,832,565 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| ST Capital Gain Dover III K-1 | P | 2016-01-01 | 2016-12-31 | $2,397 | $2,397 | $2,397 |
| LT Capital Gain Dover III K-1 | P | 2015-01-01 | 2016-12-31 | $10,829 | $10,829 | $10,829 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $13,226 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $2,397 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $312,207 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,707,269 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.18287 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $117,100 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,065,466 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.10991 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $72,928 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $637,716 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.11436 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $690,753 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $809,360 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.85346 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $508,912 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $177,025 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 2.87480 | DistributionYr5Rt |
| Total Distribution | 4.135391 | TotalDistributionRt |
| Average Distribution | 0.827078 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,095,465 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,560,191 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $161 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,560,352 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,502,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $322 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $322 | SubtotalAmt |
| Tax Based On Investment Income | $322 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $248 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $400 | AppliedToEsTaxAmt |
| Total Payments And Credits | $648 | TotalPaymentsAndCreditsAmt |
| Overpayment | $326 | OverpaymentAmt |
| Applied To ES Tax | $326 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NV | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.meragefoundations.com | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Matt Drevlow | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9494745800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 Newport Center Drive Suite 1300 | AddressLine1Txt |
| City | Newport Beach | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Paul Merage | ||||||
| 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | Pres/Director | 0.00 | $0 |
| Elisabeth Merage | ||||||
| 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | Secr/Treas/Dir | 0.00 | $0 |
| Richard Merage | ||||||
| 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | Director | 0.00 | $0 |
| Michelle Janavs | ||||||
| 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | Director | 0.00 | $0 |
| Lauren Merage | ||||||
| 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | Director | 0.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Yishay Aisik | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 Newport Center Drive Ste 1300 | AddressLine1Txt |
| City | Newport Beach | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Exec. Director | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $166,631 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Israeli Leadership Program: The Institute operates a number of innovative initiatives, including specialized Leadership Programs for different high tech industries from Israel, where we try to bridge technologies and people and expose the US business community to Israelis and Israeli start-up leaders and vice versa, aiming to strengthen and promote bonding, knowledge exchange and strategic collaborations.An intensive leadership training and education concerning U.S. marketing strategies is offered annually to select Israeli MBA students. | Description1Txt |
| Expenses1 | $853,063 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,098,147 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $42,952 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,505 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,142,604 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $3,142,604 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $47,139 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,095,465 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $154,773 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,502,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,502,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,502,000 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,309 | CurrentYearAmt |
| Year1 | $3,461 | Year1Amt |
| Year2 | $772 | Year2Amt |
| Total | $9,542 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,513 | CurrentYearAmt |
| Year1 | $2,942 | Year1Amt |
| Year2 | $656 | Year2Amt |
| Total | $8,111 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,502,000 | CurrentYearAmt |
| Year1 | $312,207 | Year1Amt |
| Year2 | $117,100 | Year2Amt |
| Year3 | $72,928 | Year3Amt |
| Total | $2,004,235 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,502,000 | CurrentYearAmt |
| Year1 | $312,207 | Year1Amt |
| Year2 | $117,100 | Year2Amt |
| Year3 | $72,928 | Year3Amt |
| Total | $2,004,235 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,669,980 | CurrentYearAmt |
| Year1 | $3,253,677 | Year1Amt |
| Year2 | $1,687,548 | Year2Amt |
| Year3 | $1,603,357 | Year3Amt |
| Total | $10,214,562 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,669,980 | CurrentYearAmt |
| Year1 | $3,253,677 | Year1Amt |
| Year2 | $1,687,548 | Year2Amt |
| Year3 | $1,603,357 | Year3Amt |
| Total | $10,214,562 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Paul Merage | ContributingManagerNm |
| Contributing Manager | Elisabeth Merage | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Orange County Community Foundation | |||||||
| 4041 MacArthur Blvd Ste 510 | Newport Beach | CA | 92660 | None | PC | General Operations | $1,500,000 |
| Enovant Foundation | |||||||
| PO Box 8176 | Newport Beach | CA | 92658 | None | PC | General Operations | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,502,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | The Mayo Clinic | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 First St SW | AddressLine1Txt |
| City | Rochester | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | None | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | General Operations | GrantOrContributionPurposeTxt |
| Amt | $600,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $600,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,478 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $13,226 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $19,706 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $19,706 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| Paul Elisabeth Merage Found | ||||||
| 1 | 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | $500,000 | Yes (X) |
| Andre Katherine Merage Foundation | ||||||
| 2 | 660 Newport Center Dr 1300 | Newport Beach | CA | 92660 | $2,500,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $10,300 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | Part II, Balance Sheet, Line 13:Other Investments: Book Value FMVInvestment in Dover Capital Management III, LLC $3,534,269 $3,354,269 | MediumExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $1,093 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Promises to give | Desc |
| Amt | $600,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Bank Fees | $5,318 | $2,659 | $2,659 |
| Dover III - Portfolio Expenses | $909 | $909 | $909 |
| Dues & Subscriptions | $2,653 | ||
| Insurance | $17,057 | ||
| Israeli Coordination & Programs | $903,063 | ||
| June National Awards/Fellows | $1,953 | ||
| Licenses & Permits | $150 | ||
| Miscellaneous | $1,113 | ||
| Office Supplies | $10,592 | ||
| Postage | $27 | ||
| Telephone | $36,606 | ||
| Website | $4,938 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Other Consulting | CategoryTxt |
| Amt | $98,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Taxes | CategoryTxt |
| Amt | $35 | Amt |
| Net Investment Income | $25 | NetInvestmentIncomeAmt |
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