THE GRACE AND MERCY FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE GRACE AND MERCY FOUNDATION INC (EIN 20-8050779)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-14
- IRS object ID
- 201723189349101352
- 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
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Assets Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-14T09:53:49-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John T Ablamsky MBA CPA PFS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 63 Reid Avenue | AddressLine1Txt |
| City | Port Washington | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 110503507 | 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 | 208050779 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GRACE AND MERCY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAC | BusinessNameControlTxt |
| Phone | 2129842561 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O ARCHEGOS CAPITAL 620 EIGHTH AVE | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUMI KIM | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2129842561 | PhoneNum |
| Signature | 2017-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN T ABLAMSKY | PreparerPersonNm |
| Phone | 5168834306 | PhoneNum |
| Preparation | 2017-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.82.39.102 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-14 | IPDt |
| IP Tm | 09:53:44 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 41D7C1FCA54652D6F5FD0CAB68CBCBD43D4401D4 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 41D7C1FCA54652D6F5FD0CAB68CBCBD43D4401D4 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $228,071,234 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $155,094,693 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $64,051 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $64,051 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $7,395 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,395 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $82,773,146 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $162,461,977 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $82,773,146 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $237,939,285 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $82,844,592 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $884,944 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $309,730 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $575,214 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $227,718 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $227,718 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,263 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $2,263 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $24,250 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $18,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $6,250 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $100,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $100,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $2,100,000 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $4,557 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $2,279 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $74,306 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $74,306 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $50,634 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $50,634 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $162,805 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $21,567 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $141,238 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,631,477 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $351,576 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,177,623 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,656,335 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,656,335 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,287,812 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $351,576 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $9,833,958 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $225,651,473 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $82,493,016 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,572,863 | CashBOYAmt |
| Cash EOY | $317,382 | CashEOYAmt |
| Cash EOYFMV | $317,382 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $35,271,503 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $172,605,263 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $172,605,263 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $33,955,901 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $44,715,398 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $55,136,399 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $40,558 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $32,833 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $11,262 | LandBOYAmt |
| Land EOY | $7,725 | LandEOYAmt |
| Land EOYFMV | $7,725 | LandEOYFMVAmt |
| Other Assets BOY | $4,465 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,465 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,465 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $70,815,994 | TotalAssetsBOYAmt |
| Total Assets EOY | $217,650,233 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $228,071,234 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $3,650 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $3,206 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,650 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,206 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $70,812,344 | CapitalStockBOYAmt |
| Capital Stock EOY | $217,647,027 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $70,812,344 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $217,647,027 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $70,815,994 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $217,650,233 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $70,812,344 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $225,651,473 | ExcessRevenueOverExpensesAmt |
| Subtotal | $296,463,817 | SubtotalAmt |
| Other Decreases | $78,816,790 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $217,647,027 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 93,297 SHARES OF AMAZON.COM | P | 2014-07-25 | 2016-09-28 | $72,617,680 | $0 | $29,759,959 | $42,857,721 | $0 | $0 | $0 | $42,857,721 |
| 397,600 SHARES OF NETFLIX, INC. | P | 2014-11-19 | 2016-09-28 | $38,595,474 | $0 | $19,999,255 | $18,596,219 | $0 | $0 | $0 | $18,596,219 |
| 311,513 SHARES OF EXPEDIA, INC. | P | 2014-05-30 | 2016-12-31 | $38,580,866 | $0 | $22,813,704 | $15,767,162 | $0 | $0 | $0 | $15,767,162 |
| 187,203 SHARES OF HAWAIIN HOLDINGS, INC. | P | 2015-03-16 | 2016-12-31 | $9,863,382 | $0 | $3,707,302 | $6,156,080 | $0 | $0 | $0 | $6,156,080 |
| 521.9810 SHARES OF KELUSA OFFSHORE FUND LTD. | P | 2011-10-01 | 2016-01-31 | $623,408 | $0 | $641,212 | -$17,804 | $0 | $0 | $0 | -$17,804 |
| 837.425999 SHARES OF KELUSA OFFSHORE FUND LTD. | P | 2007-02-01 | 2016-01-31 | $1,000,139 | $0 | $1,338,252 | -$338,113 | $0 | $0 | $0 | -$338,113 |
| 26.615003 SHARES OF KELUSA OFFSHORE FUND LTD. | P | 2012-01-01 | 2016-01-31 | $31,787 | $0 | $32,822 | -$1,035 | $0 | $0 | $0 | -$1,035 |
| 97.960334 SHARES OF TIGER VEDA LTD. | P | 2008-01-01 | 2016-01-31 | $166,410 | $0 | $115,961 | $50,449 | $0 | $0 | $0 | $50,449 |
| 14.751854 SHARES OF CASCABEL OFFSHORE, LTD. | P | 2011-03-01 | 2016-03-31 | $1,386 | $0 | $1,475 | -$89 | $0 | $0 | $0 | -$89 |
| 315.928302 SHARES OF CASCABEL OFFSHORE, LTD. - CLASS A SERIES 1 | P | 2010-02-01 | 2016-03-31 | $25,140 | $0 | $31,592 | -$6,452 | $0 | $0 | $0 | -$6,452 |
| 69.071083 SHARES OF TIGER VEDA LTD. | P | 2008-01-01 | 2016-04-30 | $93,359 | $0 | $81,763 | $11,596 | $0 | $0 | $0 | $11,596 |
| 999.999997 SHARES OF SAFERIDGE ASIA ABSOLUTE OPPORTUNITIES LTD. | P | 2015-01-01 | 2016-05-31 | $688,528 | $0 | $1,000,000 | -$311,472 | $0 | $0 | $0 | -$311,472 |
| KELUSA OFFSHORE FUND LTD. | P | 2012-01-01 | 2016-05-31 | $3,349 | $0 | $3,179 | $170 | $0 | $0 | $0 | $170 |
| KELUSA OFFSHORE FUND LTD. | P | 2011-10-01 | 2016-05-31 | $65,687 | $0 | $62,341 | $3,346 | $0 | $0 | $0 | $3,346 |
| KELUSA OFFSHORE FUND LTD. | P | 2007-02-01 | 2016-05-31 | $105,382 | $0 | $100,014 | $5,368 | $0 | $0 | $0 | $5,368 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $82,773,146 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $8,088,015 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $69,582,524 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.116236 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $9,401,290 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $71,535,752 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.131421 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $8,931,954 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $70,887,381 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.126002 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $6,938,326 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $72,420,766 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.095806 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,502,762 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $70,741,771 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.063651 | DistributionYr5Rt |
| Total Distribution | 0.533116 | TotalDistributionRt |
| Average Distribution | 0.106623 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $136,891,394 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $14,595,771 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $824,930 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $15,420,701 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $9,833,958 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,649,860 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,649,860 | SubtotalAmt |
| Tax Based On Investment Income | $1,649,860 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,106,588 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $2,106,588 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$2,106,588 | OriginalReturnOverpaymentAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $456,728 | OverpaymentAmt |
| Applied To ES Tax | $456,728 | 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 |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PATRICK HALLIGAN | IndividualWithBooksNm |
| Phone | 2129842561 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O ARCHEGOS CAPITAL 620 EIGHTH AVE | AddressLine1Txt |
| City | NY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10178 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| SUMI KIM | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | PRESIDENT | 40.00 | $208,018 | $6,135 | $0 |
| SUNG KOOK HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| BECKY HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | V.P./DIRECTOR | 2.00 | $0 | $0 | $0 |
| PATRICK HALLIGAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | TREASURER | 5.00 | $0 | $0 | $0 |
| ANDREW MILLS | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | VICE CHAIRPERSON | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| SARA HWANG | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | ASSOCIATE | 40.00 | $132,054 | $27,406 | $0 |
| RICHELLE S BRYAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | PROGRAM OFFICER | 40.00 | $131,436 | $28,166 | $0 |
| SAMUEL J TRAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | PROGRAM OFFICER | 40.00 | $129,906 | $28,467 | $0 |
| MYEONGSUK PARK | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | PROGRAM OFFICER | 40.00 | $90,679 | $42,728 | $0 |
| JOHANNA SHERIDAN | ||||||||
| C/O THE GRACE AND MERCY FOUNDATION6 | NEW YORK | NY | 10018 | PRESIDENT | 40.00 | $243,054 | $33,746 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 5 | 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 | NOT APPLICABLE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Expenses2 | $0 | Expenses2Amt |
| Expenses3 | $0 | Expenses3Amt |
| Expenses4 | $0 | Expenses4Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $22,225,810 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $68,060,913 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $48,689,312 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $138,976,035 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $138,976,035 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,084,641 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $136,891,394 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,844,570 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,844,570 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,649,860 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,649,860 | TotalTaxAmt |
| Distributable Before Adj | $5,194,710 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,194,710 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,194,710 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $9,833,958 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $9,833,958 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $9,833,958 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,194,710 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $2,690,875 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $5,425,637 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $5,992,008 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,852,971 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $18,961,491 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $9,833,958 | QualifyingDistributionsAmt |
| Applied To Current Year | $5,194,710 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,639,248 | RemainingDistriFromCorpusAmt |
| Total Corpus | $23,600,739 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $23,600,739 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,690,875 | ExcessFromYear4Amt |
| Excess From Year3 | $5,425,637 | ExcessFromYear3Amt |
| Excess From Year2 | $5,992,008 | ExcessFromYear2Amt |
| Excess From Year1 | $4,852,971 | ExcessFromYear1Amt |
| Excess From Current Year | $4,639,248 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SUNG KOOK HWANG | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (64 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A ROCHA USA | ||||||
| PO Box 1338 | FREDERICKSBURG | TX | 78624 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| AVAIL NYC | ||||||
| 110 East 40th Street Suite 706 | NEW YORK | NY | 10016 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| BEACON CHRISTIAN COMMUNITY HEALTH CENTER | ||||||
| 2079 Forest Ave | STATEN ISLAND | NY | 10303 | 509(a)1170(b)(1)(A) | MEDICAL | $50,000 |
| CHRISTIAN REFORMED HOME MISSIONS | ||||||
| 1700 28th Street SE | GRAND RAPIDS | MI | 49508 | 509(a)1170(b)(1)(A) | COMMUNITY | $50,000 |
| CHURCH MULTIPLICATION MINISTRIES | ||||||
| PO Box 3284 | ALPHARETTA | GA | 30023 | 509(a)1170(b)(1)(A) | RELIGIOUS | $100,000 |
| CITY SEMINARY OF NEW YORK | ||||||
| 302 W 119th St | NEW YORK | NY | 10026 | 509(a)1170(b)(1)(A) | RELIGIOUS | $175,000 |
| CONCERTS OF PRAYER GREATER NEW YORK | ||||||
| 4604 31st Ave | ASTORIA | NY | 11103 | 509(a)1170(b)(1)(A) | RELIGIOUS | $20,000 |
| CRU | ||||||
| 100 LAKE HART DRIVE | ORLANDO | FL | 32832 | 509(a)1170(b)(1)(A) | RELIGIOUS | $90,000 |
| DWIGHT-ENGLEWOOD SCHOOL | ||||||
| 315 EAST PALISADE AVE | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | EDUCATION | $386,667 |
| EL POZO DE VIDA | ||||||
| 910 W 17th Street Suite B | SANTA ANA | CA | 92706 | 509(a)1170(b)(1)(A) | COMMUNITY | $50,000 |
| EMOTIONALLY HEALTHY SPIRITUALITY | ||||||
| 82-10 Queens Blvd | ELMHURST | NY | 11373 | 509(a)1170(b)(1)(A) | COMMUNITY | $75,000 |
| EXODUS TRANSITIONAL COMMUNITY INC | ||||||
| 2271 3rd Ave | NEW YORK | NY | 10035 | 509(a)1170(b)(1)(A) | COMMUNITY | $80,000 |
| FAMILY TOUCH INC | ||||||
| 189 Prairie Street | CONCORD | MA | 01742 | 509(a)1170(b)(1)(A) | COMMUNITY | $35,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES | ||||||
| 6 Drummond Pl 2 | RED BANK | NJ | 07701 | 509(a)1170(b)(1)(A) | EDUCATION | $80,000 |
| FOUNTAIN OF LIFE COVENANT CHURCH | ||||||
| 1830 W Columbia St | LONG BEACH | CA | 90810 | 509(a)1170(b)(1)(A) | RELIGIOUS | $145,000 |
| HAWAIIAN ISLANDS MINISTRIES | ||||||
| 2752 Woodlawn Dr 5-214 | HONOLULU | HI | 96822 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| HOLY NAME HOSPITAL KOREAN MEDICAL PROGRAM | ||||||
| 718 Teaneck Road | TEANECK | NJ | 07666 | 509(a)1170(b)(1)(A) | MEDICAL | $250,000 |
| HOPE FOR NEW YORK | ||||||
| 1359 BROADWAY | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $550,000 |
| IFETAYO CULTURAL ARTS ACADEMY INC | ||||||
| 348 ST MARKS AVE SUITE 1B | BROOKLYN | NY | 11238 | 509(a)1170(b)(1)(A) | COMMUNITY | $20,000 |
| IMENTOR | ||||||
| 30 Broad Street 9th Floor | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $50,000 |
| INHERITANCE OF HOPE | ||||||
| PO Box 90 | PISGAH FOREST | NC | 28768 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $150,000 |
| INTERNATIONAL JUSTICE MISSION | ||||||
| PO Box 58147 | WASHINGTON | DC | 20037 | 509(a)1170(b)(1)(A) | HUMANTIARIAN | $250,000 |
| INTERVARSITY CHRISTIAN FELLOWSHIP | ||||||
| 6400 Schroeder Road | MADISON | WI | 53707 | 509(a)1170(b)(1)(A) | RELIGIOUS | $100,000 |
| KOREA CAMPUS CRUSADE FOR CHRIST USA | ||||||
| 501 FIFTH AVE 3RD FL | LOS ANGELES | CA | 90017 | 509(a)1170(b)(1)(A) | RELIGIOUS | $60,000 |
| KOREAN AMERICAN COMMUNITY FOUNDATION | ||||||
| 31 West 34th Street 8th Floor | NEW YORK | NY | 10001 | 509(a)1170(b)(1)(A) | CULTURAL | $50,000 |
| KOREAN AMERICAN FAMILY SERVICE CENTER | ||||||
| PO BOX 541429 | FLUSHING | NY | 11354 | 509(a)1170(b)(1)(A) | CULTURAL | $50,000 |
| KOREAN EVANGELICAL MISSION FOR HISPANICS | ||||||
| 2148 Seaview Dr | FULLTERON | CA | 92833 | 509(a)1170(b)(1)(A) | RELIGIOUS | $250,000 |
| LIBERTY IN NORTH KOREA | ||||||
| 1751 Torrance Blvd STE L | TORRANCE | CA | 90501 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $375,000 |
| LUIS PALAU ASSOCIATION | ||||||
| PO Box 50 | PORTLAND | OR | 97207 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| MANHATTAN CHRISTIAN ACADEMY | ||||||
| 401 WEST 205TH STREET | NEW YORK | NY | 10034 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $150,000 |
| MANY HOPES | ||||||
| 67 TROTTING PARK ROAD | EAST FALMOUTH | MA | 02536 | 509(a)1170(b)(1)(A) | COMMUNITY | $5,000 |
| MILITARY COMMUNITY YOUTH MINISTRIES | ||||||
| 420 N Cascade Ave | COLORADO SPRINGS | CO | 80903 | 509(a)1170(b)(1)(A) | RELIGIOUS | $30,000 |
| MINKWON CENTER FOR COMMUNITY ACTION | ||||||
| 13619 41st Ave 3 | FLUSHING | NY | 11355 | 509(a)1170(b)(1)(A) | COMMUNITY | $35,000 |
| MUSEUM OF THE BIBLE | ||||||
| PO Box 15479 | WASHINGTON | DC | 20003 | 509(a)1170(b)(1)(A) | RELIGIOUS | $875,000 |
| NEHEMIAH COMMUNITY DEVELOPMENT CORP | ||||||
| 655 W Badger Road | MADISON | WI | 53713 | 509(a)1170(b)(1)(A) | EDUCATION | $120,000 |
| NEW ASIA FOUNDATION FOR ED AND CULTURE | ||||||
| 3440 WILSHIRE BLVD STE 505 | LOS ANGELES | CA | 90010 | 509(a)1170(b)(1)(A) | EDUCATION | $36,000 |
| NEW CANAAN SOCIETY INC | ||||||
| PO Box 111 | NEW CANAAN | CT | 06840 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $125,000 |
| NEW YORK CITY RELIEF | ||||||
| 1359 Broadway | NEW YORK | NY | 10018 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $125,000 |
| NEW YORK CITY RESCUE MISSION | ||||||
| 90 Lafayette St | NEW YORK | NY | 10013 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| NOMI NETWORK | ||||||
| po box 533 | NEW YORK | NY | 10116 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $40,000 |
| NURU INTERNATIONAL | ||||||
| 71 MANZANITA ROAD | ATHER PON | CA | 94027 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $75,000 |
| OPEN HANDS LEGAL SERVICES INC | ||||||
| 244 5th Avenue Suite 2129 | NEW YORK | NY | 10001 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $50,000 |
| OTR LIVING WATER MINISTRY | ||||||
| 1528 Race Street | CINCINNATI | OH | 45202 | 509(a)1170(b)(1)(A) | RELIGIOUS | $25,000 |
| PAVE SCHOOLS | ||||||
| 238 Conover St | BROOKLYN | NY | 11231 | 509(a)1170(b)(1)(A) | EDUCATION | $50,000 |
| PRAXIS | ||||||
| 4725 Peachtree Corners Cir 250 | NORCROSS | GA | 30092 | 509(a)1170(b)(1)(A) | RELIGIOUS | $75,000 |
| PRISON FELLOWSHIP INTERNATIONAL | ||||||
| PO Box 1550 | MERRIFIELD | VA | 22116 | 509(a)1170(b)(1)(A) | RELIGIOUS | $50,000 |
| RAVI ZACHARIAS INTERNATIONAL MINISTRIES | ||||||
| 3755 Mansell Road | ALPHARETTA | GA | 30022 | 509(a)1170(b)(1)(A) | RELIGIOUS | $1,300,000 |
| REDEEMER CITY TO CITY | ||||||
| 1359 BROADWAY 4TH FLOOR | NEW YORK | NY | 10018 | 509(a)1170(b)(1)(A) | RELIGIOUS | $30,000 |
| REFORMED UNIVERSITY FELLOWSHIP | ||||||
| 1700 N Brown Road Suite 104 | LAWRENCEVILLE | GA | 30043 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $15,000 |
| RESTORE NYC | ||||||
| PO Box 1003 Bowling Green Station | NEW YORK | NY | 10274 | 509(a)1170(b)(1)(A) | COMMUNITY | $60,000 |
| RISING TIDE CAPITAL | ||||||
| 334 Martin Luther King Dr | JERSEY CITY | NJ | 07305 | 509(a)1170(b)(1)(A) | COMMUNITY | $150,000 |
| STONY BROOK FOUNDATION | ||||||
| 230 Administration | STONY BROOK | NY | 11794 | 509(a)1170(b)(1)(A) | CULTURAL | $100,000 |
| THE BIBLE PROJECT | ||||||
| 501 SE 14th Ave | PORTLAND | OR | 97214 | 509(a)1170(b)(1)(A) | RELIGIOUS | $75,000 |
| THE BOWERY MISSION | ||||||
| 227 Bowery | NEW YORK | NY | 10002 | 509(a)1170(b)(1)(A) | COMMUNITY | $225,000 |
| THE CHILDRENS AID SOCIETY | ||||||
| 711 Third Avenue Suite 700 | NEW YORK | NY | 10017 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $100,000 |
| THE GENEVA SCHOOL OF MANHATTAN | ||||||
| 593 Park Ave | NEW YORK | NY | 10065 | 509(a)1170(b)(1)(A) | EDUCATION | $100,000 |
| THE KING'S COLLEGE | ||||||
| 52 Broadway | NEW YORK | NY | 10004 | 509(a)1170(b)(1)(A) | EDUCATIONAL | $390,000 |
| THE METROPOLITAN MUSEUM OF ART | ||||||
| 1000 5th Ave | NEW YORK | NY | 10028 | 509(a)1170(b)(1)(A) | COMMUNITY | $15,000 |
| THE METROPOLITAN OPERA | ||||||
| Lincoln Center Plaza | NEW YORK | NY | 10023 | 509(a)1170(b)(1)(A) | ARTS | $66,668 |
| THE NAVIGATORS | ||||||
| PO Box 6079 | ALBERT LEA | MN | 56007 | 509(a)1170(b)(1)(A) | RELIGIOUS | $20,000 |
| THEOLOGY OF WORK PROJECT | ||||||
| PO Box 218 | HAMILTON | MA | 01936 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $50,000 |
| URBAN YOUTH ALLIANCE | ||||||
| 432 E 149th St | NEW YORK | NY | 10045 | 509(a)1170(b)(1)(A) | COMMUNITY | $2,000 |
| YOUNG LIFE NEW YORK CITY | ||||||
| 120 W 14th Street | NEW YORK | NY | 10011 | 509(a)1170(b)(1)(A) | COMMUNITY | $125,000 |
| ZIMELE USA | ||||||
| PO BOX 5543 | ENGLEWOOD | NJ | 07631 | 509(a)1170(b)(1)(A) | HUMANITARIAN | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,656,335 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $64,051 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,395 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $82,773,146 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $82,844,592 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $82,844,592 | 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 | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| JENSEN KO | |||||||
| 1 | 14 PARK STREET | TENAFLY | NJ | 07670 | $15,964 | Yes (X) | |
| SUNG KOOK HWANG | |||||||
| 2 | 26 TRAFALGAR ROAD | TENAFLY | NJ | 07670 | $155,078,729 | Yes (X) | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | 93,297 SHARES OF AMAZON.COM | $68,627,967 | 2016-07-07 |
| 2 | 397,600 SHARES OF NETFLIX.COM | $37,485,728 | 2016-07-07 |
| 2 | 311,513 SHARES OF EXPEDIA.COM | $39,174,317 | 2016-11-29 |
| 2 | 187,206 SHARES OF HAWAIIAN HOLDINGS | $9,790,717 | 2016-11-29 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | JOHN T. ABLAMSKY, CPA TAX & ACCOUNTING | CategoryTxt |
| Amt | $24,250 | Amt |
| Net Investment Income | $18,000 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,250 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (16 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| COMPUTER | 2010-11-01 | $1,197 | $1,197 | 200DB | 5.00 | ||
| F&F | 2011-01-04 | $11,296 | $8,775 | 200DB | 7.00 | $1,008 | $504 |
| F&F | 2011-07-07 | $1,174 | $912 | 200DB | 7.00 | $105 | $52 |
| COMPUTER | 2011-01-31 | $5,059 | $4,768 | 200DB | 5.00 | $291 | $145 |
| COMPUTER | 2011-05-31 | $1,805 | $1,701 | 200DB | 5.00 | $104 | $52 |
| COMPUTER | 2011-06-28 | $902 | $850 | 200DB | 5.00 | $52 | $26 |
| COMPUTER | 2012-04-15 | $978 | $809 | 200DB | 5.00 | $113 | $56 |
| COMPUTER | 2012-05-16 | $2,057 | $1,701 | 200DB | 5.00 | $237 | $119 |
| COMPUTER | 2012-06-15 | $2,813 | $2,327 | 200DB | 5.00 | $324 | $162 |
| COMPUTER | 2012-07-16 | $1,139 | $942 | 200DB | 5.00 | $131 | $66 |
| COMPUTER | 2012-10-16 | $668 | $553 | 200DB | 5.00 | $77 | $39 |
| F&F | 2014-04-21 | $2,140 | $830 | 200DB | 7.00 | $374 | $187 |
| F&F | 2014-06-09 | $6,904 | $2,677 | 200DB | 7.00 | $1,208 | $604 |
| F&F | 2015-07-01 | $838 | $120 | 200DB | 7.00 | $205 | $103 |
| COMPUTER | 2015-07-01 | $568 | $114 | 200DB | 5.00 | $182 | $91 |
| F&F | 2016-07-01 | $1,020 | 200DB | 7.00 | $146 | $73 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (15 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| 93,297 SHARES OF AMAZON.COM | 2014-07 | Donated | 2016-09 | $72,617,680 | $29,759,959 | $42,857,721 |
| 397,600 SHARES OF NETFLIX, INC. | 2014-11 | Donated | 2016-09 | $38,595,474 | $19,999,255 | $18,596,219 |
| 311,513 SHARES OF EXPEDIA, INC. | 2014-05 | Donated | 2016-12 | $38,580,866 | $22,813,704 | $15,767,162 |
| 187,203 SHARES OF HAWAIIN HOLDINGS, INC. | 2015-03 | Donated | 2016-12 | $9,863,382 | $3,707,302 | $6,156,080 |
| 521.9810 SHARES OF KELUSA OFFSHORE FUND LTD. | 2011-10 | Purchased | 2016-01 | $623,408 | $641,212 | -$17,804 |
| 837.425999 SHARES OF KELUSA OFFSHORE FUND LTD. | 2007-02 | Purchased | 2016-01 | $1,000,139 | $1,338,252 | -$338,113 |
| 26.615003 SHARES OF KELUSA OFFSHORE FUND LTD. | 2012-01 | Purchased | 2016-01 | $31,787 | $32,822 | -$1,035 |
| 97.960334 SHARES OF TIGER VEDA LTD. | 2008-01 | Purchased | 2016-01 | $166,410 | $115,961 | $50,449 |
| 14.751854 SHARES OF CASCABEL OFFSHORE, LTD. | 2011-03 | Purchased | 2016-03 | $1,386 | $1,475 | -$89 |
| 315.928302 SHARES OF CASCABEL OFFSHORE, LTD. - CLASS A SERIES 1 | 2010-02 | Purchased | 2016-03 | $25,140 | $31,592 | -$6,452 |
| 69.071083 SHARES OF TIGER VEDA LTD. | 2008-01 | Purchased | 2016-04 | $93,359 | $81,763 | $11,596 |
| 999.999997 SHARES OF SAFERIDGE ASIA ABSOLUTE OPPORTUNITIES LTD. | 2015-01 | Purchased | 2016-05 | $688,528 | $1,000,000 | -$311,472 |
| KELUSA OFFSHORE FUND LTD. | 2012-01 | Purchased | 2016-05 | $3,349 | $3,179 | $170 |
| KELUSA OFFSHORE FUND LTD. | 2011-10 | Purchased | 2016-05 | $65,687 | $62,341 | $3,346 |
| KELUSA OFFSHORE FUND LTD. | 2007-02 | Purchased | 2016-05 | $105,382 | $100,014 | $5,368 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | VARIOUS INVESTMENTS | CategoryOrItemTxt |
| Book Value | $44,715,398 | BookValueAmt |
| EOYFMV | $55,136,399 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| FURNITURE & FIXTURES | $23,371 | $16,360 | $7,011 |
| COMPUTER EQUIPMENT | $17,187 | $16,473 | $714 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ROPES & GRAY LLP LEGAL | CategoryTxt |
| Legal Fees | $2,263 | LegalFeesAmt |
| Disbursements Charitable Prps | $2,263 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $4,465 | BOYBookValueAmt |
| EOY Book Value | $4,465 | EOYBookValueAmt |
| EOYFMV | $4,465 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $4,465 | BOYBookValueAmt |
| EOY Book Value | $4,465 | EOYBookValueAmt |
| EOYFMV | $4,465 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $4,465 | BOYBookValueAmt |
| EOY Book Value | $4,465 | EOYBookValueAmt |
| EOYFMV | $4,465 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NONDEDUCTIBLE EXPENSES | $18,281 |
| BOOK TO TAX ADJUSTMENT | $78,798,509 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| NYS FILING FEES | $1,500 | $1,500 | |
| MISCELLANEOUS | $28,417 | $28,417 | |
| INSURANCE | $16,986 | $16,986 | |
| PAYROLL EXPENSES | $61,619 | $40,052 | $21,567 |
| SUPPLIES,POSTAGE,PRINTING,ETC | $28,557 | $28,557 | |
| REG. CONF. SEMINAR | $1,871 | $1,871 | |
| LOCAL TRANSPORTATION | $5,573 | $5,573 | |
| MEALS @ 50% | $18,282 | $18,282 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRALS | Desc |
| BOY Book Value | $3,650 | BOYBookValueAmt |
| EOY Book Value | $3,206 | EOYBookValueAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRALS | Desc |
| BOY Book Value | $3,650 | BOYBookValueAmt |
| EOY Book Value | $3,206 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SUMI KIM CONSULTING | CategoryTxt |
| Amt | $100,000 | Amt |
| Disbursements Charitable Prps | $100,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $2,100,000 | Amt |
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