HERBST FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- HERBST FOUNDATION INC (EIN 94-6061680)
- Tax period
- 2016-08-01 to 2017-07-31
- Filed
- 2017-12-14
- IRS object ID
- 201733489349100208
- 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
- Accounting Fees Schedule
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-12-14T13:11:38-08:00 | ReturnTs |
| Tax Period End | 2017-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 North Main St Suite 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946061680 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Herbst Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HERB | BusinessNameControlTxt |
| Phone | 4152521220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Van Ness Ave | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert K Taylor | PersonNm |
| Person Title | Treas. & Direct | PersonTitleTxt |
| Signature | 2017-12-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Karen Ebadi | PreparerPersonNm |
| PTIN | P00029504 | PTIN |
| Phone | 9259447662 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $73,755,115 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
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 | $5,475 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,475 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $5,475 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $1,570,820 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,570,820 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,570,820 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,067,333 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $34,730,822 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,067,333 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $993,562 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $93 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $93 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $93 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $7,643,721 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,643,721 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $2,569,950 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $68,400 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $34,200 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $34,200 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $34,200 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $38,825 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $19,412 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $19,412 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $19,413 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $17,945 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $11,400 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $11,400 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,545 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $73,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $36,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $36,750 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $36,750 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $269,262 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $269,262 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $269,262 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $113,107 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,784 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,287 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $323 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $30,424 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $18,254 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $18,254 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $12,170 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $2,087 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $1,044 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $1,044 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,043 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,082 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $19,942 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $19,942 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,047 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $639,632 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $413,048 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $411,551 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $115,491 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,635,550 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,635,550 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,275,182 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $413,048 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $411,551 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,751,041 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,368,539 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,230,673 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,158,399 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $8,026,963 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,607,193 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,607,193 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $44,211,783 | CorporateStockBOYAmt |
| Corporate Stock EOY | $48,003,325 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $66,147,922 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $6,516 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,516 | LandBldgEquipAccumDeprecAmt |
| Total Assets BOY | $52,238,746 | TotalAssetsBOYAmt |
| Total Assets EOY | $55,610,518 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $73,755,115 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $777 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,010 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $777 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,010 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $11,442,824 | CapitalStockBOYAmt |
| Capital Stock EOY | $11,442,824 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $40,795,145 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $44,163,684 | AdditionalPaidInCapitalEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $52,237,969 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $55,606,508 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $52,238,746 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $55,610,518 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $52,237,969 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,368,539 | ExcessRevenueOverExpensesAmt |
| Subtotal | $55,606,508 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $55,606,508 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | See schedule attached | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2000-01-01 | AcquiredDt |
| Sold | 2017-06-30 | SoldDt |
| Gross Sales Price | $34,730,822 | GrossSalesPriceAmt |
| Cost Or Other Basis | $28,663,489 | CostOrOtherBasisAmt |
| Gain Or Loss | $6,067,333 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $6,067,333 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,067,333 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $993,562 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,260,782 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $69,225,580 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04710 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,743,853 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $74,149,510 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05049 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,981,451 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $71,771,250 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05547 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,227,647 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $64,898,459 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04973 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,261,898 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $59,283,369 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.03815 | DistributionYr5Rt |
| Total Distribution | 0.240957 | TotalDistributionRt |
| Average Distribution | 0.048191 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $70,971,809 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,420,202 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $72,307 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,492,509 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,751,041 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $72,307 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $72,307 | SubtotalAmt |
| Tax Based On Investment Income | $72,307 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $114,615 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $114,615 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $42,308 | OverpaymentAmt |
| Applied To ES Tax | $42,308 | 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 | Yes (true) | 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 |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | theherbstfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RK Taylor & Associates | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9259447660 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 N Main St 305 | AddressLine1Txt |
| City | Walnut Creek | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94597 | 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 | false | 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 (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Shirley J Costello | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | Asst. Secretary | 30.00 | $68,400 |
| Melvyn I Mark | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 1.00 | $0 |
| Jerrol L Harris | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 1.00 | $0 |
| Anthony Cameron | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | President | 1.00 | $0 |
| Bruce W Hart | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | Sec. & Director | 1.00 | $0 |
| Robert K Taylor | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | Treas. & Direct | 1.00 | $0 |
| Steven Monosson | ||||||
| 30 Van Ness Avenue 3600 | San Francisco | CA | 94102 | V.P. & Director | 0.00 | $0 |
| Fredric C Nelson Esq | ||||||
| 30 Van Ness Avenue 3600 | San Francisoc | CA | 94102 | V.P. & Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Osterweis Capital Management LLC | |||||
| One Maritime Plaza 800 | San Francisco | CA | 941113411 | Investment advisor | $81,515 |
| Stewart & Patten Co LLC | |||||
| One Post Street Ste 850 | San Francisco | CA | 94104 | Investment advisor | $60,084 |
| Wells Fargo Advisors | |||||
| 555 California St Ste 2300 | San Francisco | CA | 94104 | Investment advisor | $59,130 |
| RK Taylor & Associates | |||||
| 2890 North Main St 305 | Walnut Creek | CA | 94597 | CPA | $63,500 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $63,394,028 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,658,570 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $72,052,598 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $72,052,598 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,080,789 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $70,971,809 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,548,590 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,548,590 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $72,307 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $72,307 | TotalTaxAmt |
| Distributable Before Adj | $3,476,283 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,476,283 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,476,283 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,751,041 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,751,041 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $72,307 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,678,734 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,476,283 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr2 | $60,887 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $60,887 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,751,041 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,476,283 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $274,758 | RemainingDistriFromCorpusAmt |
| Total Corpus | $335,645 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $335,645 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $60,887 | ExcessFromYear2Amt |
| Excess From Current Year | $274,758 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See Schedule Attached | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o 30 Van Ness Ave | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | Public | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Various | GrantOrContributionPurposeTxt |
| Amt | $3,635,550 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,635,550 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Burke School | |||||||
| 7070 California Street | San Francisco | CA | 94121 | N/A | Public | Facility Improvements | $200,000 |
| Compass Family Services | |||||||
| 49 Powell Street | San Francisco | CA | 94102 | N/A | Public | Facility Improvements | $25,000 |
| Kokoro Assisted Living | |||||||
| 1881 Bush Street | San Francisco | CA | 94109 | N/A | Public | Facility Improvements | $50,000 |
| Jewish Vocational Services | |||||||
| 225 Bush St 400 | San Francisco | CA | 94104 | N/A | Public | Facility Improvements | $60,000 |
| SF Conservatory of Music | |||||||
| 50 Oak Street | San Francisco | CA | 94102 | N/A | Public | Facility Improvements | $1,000,000 |
| Jewish Home of San Francisco | |||||||
| 302 Silver Ave | San Francisco | CA | 94112 | N/A | Public | Facility Improvements | $250,000 |
| SF Zoological Society | |||||||
| 1 Zoo Road | San Francisco | CA | 94132 | N/A | Public | Facility improvements | $200,000 |
| Lighthouse for the Blind | |||||||
| 214 Van Ness | San Francisco | CA | 94102 | N/A | Public | Facility improvements | $500,000 |
| War Memorial Gift Fund- Herbst Thea | |||||||
| 301 Van Ness Ave | San Francisco | CA | 94109 | N/A | Public | Facility improvements | $400,000 |
| Fine Arts Museum of SF | |||||||
| 50 Hagiwara Tea Garden Dr | San Francisco | CA | 94118 | Public | Facility Improvements | $400,000 | |
| Mexican Museum | |||||||
| 2 Marina Blvd | San Francisco | CA | 94123 | N/A | Public | Facility Improvements | $25,000 |
| That Man May See | |||||||
| 10 Koret Way Box 0352 | San Francisco | CA | 94143 | N/A | Public | Facility Improvements | $400,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,510,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,475 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,570,820 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,067,333 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Foreign currency gain/los | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $93 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $7,643,721 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,643,721 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $73,500 | Amt |
| Net Investment Income | $36,750 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $36,750 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $36,750 | 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 | * Mr. Taylor is the owner of a professional firm which received compensation for accounting services rendered to the Herbst Foundation, Inc. | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|
| Furniture and Fixtures | $5,116 | $5,116 |
| Machinery and Equipment | $1,400 | $1,400 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $17,945 | LegalFeesAmt |
| Net Investment Income | $11,400 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $11,400 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,545 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADR fee | $343 | |||
| Insurance expense | $7,414 | $5,561 | $5,561 | $1,853 |
| Internet service | $1,160 | $580 | $580 | $580 |
| Miscellaneous expense | $750 | |||
| Office supplies & equipment | $2,292 | $2,063 | $2,063 | $229 |
| Postage & delivery | $1,456 | $1,310 | $1,310 | $146 |
| Printing & copying | $3,268 | $2,941 | $2,941 | $327 |
| Telephone expense | $6,968 | $6,271 | $6,271 | $697 |
| Website/Domain expense | $2,431 | $1,216 | $1,216 | $1,215 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Foreign currency gain/los | Desc |
| Revenue And Expenses Per Books | $93 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $93 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $93 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bank custodial fees | $19,592 | $19,592 | $19,592 | $0 |
| Investment management fees | $249,175 | $249,175 | $249,175 | $0 |
| Misc bank/wire fees | $495 | $495 | $495 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| Federal excise tax | $110,000 | |||
| Filing fees | $180 | $180 | ||
| Foreign tax withheld | $1,497 | $1,497 | ||
| Property tax | $1,430 | $143 | $1,287 | $1,287 |
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