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THE PAUL & ELISABETH MERAGE FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
THE PAUL & ELISABETH MERAGE FAMILY FOUNDATION (EIN 68-0529692)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-04
IRS object ID
201603099349100710
Schema version
2015v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-04T09:05:20-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DUNN HENRITZE MALINE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1215 W OAK ST STE 1100AddressLine1Txt
CityFORT COLLINSCityNm
State AbbreviationCOStateAbbreviationCd
ZIP805212733ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN680529692EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Paul & Elisabeth MerageBusinessNameLine1Txt
Business Name Line2Family FoundationBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPAULBusinessNameControlTxt
Phone9494745800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 Newport Center DriveAddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPaul MeragePersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-11-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRobin PalmerPreparerPersonNm
PTINP01432409PTIN
Phone9703724160PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$38,154,000FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$18InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$18InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$111,409DividendsRevAndExpnssAmt
Dividends Net Invst Incm$111,409DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$86,376NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$100,889GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$86,376CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$1OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$197,804TotalRevAndExpnssAmt
Total Net Invst Incm$197,804TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,525AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$4,541AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,905TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$17,726OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$17,216OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$582OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$23,156TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,216TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,123TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,747,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,747,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,770,656TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,216TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,752,623TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,572,852ExcessRevenueOverExpensesAmt
Net Investment Income$180,588NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$1CashBOYAmt
Sav And Temp Cash Invst BOY$106,527SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,999SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,999SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$37,148,542OtherInvestmentsBOYAmt
Other Investments EOY$38,152,001OtherInvestmentsEOYAmt
Other Investments EOYFMV$38,152,001OtherInvestmentsEOYFMVAmt
Total Assets BOY$37,255,068TotalAssetsBOYAmt
Total Assets EOY$38,154,000TotalAssetsEOYAmt
Total Assets EOYFMV$38,154,000TotalAssetsEOYFMVAmt
Accounts Payable BOY$1,192AccountsPayableBOYAmt
Accounts Payable EOY$105AccountsPayableEOYAmt
Total Liabilities BOY$1,192TotalLiabilitiesBOYAmt
Total Liabilities EOY$105TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$37,253,876CapitalStockBOYAmt
Capital Stock EOY$38,153,895CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$37,253,876TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$38,153,895TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$37,255,068TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$38,154,000TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$37,253,876TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,572,852ExcessRevenueOverExpensesAmt
Other Increases$2,472,871OtherIncreasesAmt
Subtotal$38,153,895SubtotalAmt
Tot Net Ast Or Fund Balances EOY$38,153,895TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtGross Sales PriceGrossSalesPriceAmt
ST Capital Gain Dover III K-1P2015-01-012015-12-31$14,513-$14,513-$14,513
LT Capital Gain Dover III K-1P2014-01-012015-12-31$100,889$100,889$100,889
FieldValueIRS element (for citing)
Capital Gain Net Income$86,376CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$14,513NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,445,742AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$34,910,234NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04141DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,606,576AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$33,135,594NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04849DistributionYr2Rt
Adjusted Qlfy Distri Yr3$1,621,057AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$31,622,228NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05126DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,501,162AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$31,382,067NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04784DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,228,106AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$30,444,721NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04034DistributionYr5Rt
Total Distribution0.229335TotalDistributionRt
Average Distribution0.045867AverageDistributionRt
Net Vl Noncharitable Assets$37,707,524NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,729,531AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,806NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,731,337AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,752,623QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,806InvestmentIncomeExciseTaxAmt
Subtotal$1,806SubtotalAmt
Tax Based On Investment Income$1,806TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,434EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$1,500AppliedToEsTaxAmt
Total Payments And Credits$3,934TotalPaymentsAndCreditsAmt
Overpayment$2,128OverpaymentAmt
Applied To ES Tax$2,128AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Org Report Or Register StateNVOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Matt DrevlowBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9494745800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1660 Newport Center Drive Suite 1300AddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Paul Merage
660 Newport Center Dr 1300Newport BeachCA92660Pres/Director2.00$0
Elisabeth Merage
660 Newport Center Dr 1300Newport BeachCA92660Sec/Treas/Dir1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$38,248,785AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$32,965AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$38,281,750TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$38,281,750AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$574,226CashDeemedCharitableAmt
Net Vl Noncharitable Assets$37,707,524NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,885,376MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,885,376MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,806TaxBasedOnInvestmentIncomeAmt
Total Tax$1,806TotalTaxAmt
Distributable Before Adj$1,883,570DistributableBeforeAdjAmt
Distributable Before Ded$1,883,570DistributableBeforeDedAmt
Distributable As Adjusted$1,883,570DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,752,623ExpensesAndContributionsAmt
Qualifying Distributions$1,752,623QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,806PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$1,750,817AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,883,570DistributableAsAdjustedAmt
Undistributed Income PY$1,741,758UndistributedIncomePYAmt
Qualifying Distributions$1,752,623QualifyingDistributionsAmt
Applied To Year1$1,741,758AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$10,865AppliedToCurrentYearAmt
Undistributed Income CY$1,872,705UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerPaul MerageContributingManagerNm
Contributing ManagerElisabeth MerageContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The UCI Foundation
4199 Campus DriveIrvineCA92697NonePCTo promote research and educational programs.$1,250,000
The Merage Institute
4350 Von Karman Ave 400Newport BeachCA92660Founder's relatedPOFGeneral Operations$475,000
University Synagogue
3400 Michelson DriveIrvineCA92612NonePCGeneral Operations$22,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,747,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$111,409ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$86,376ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescDover III Underlying K-1sDesc
Exclusion18ExclusionCd
Exclusion$1ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$197,804ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$197,804TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$3,525Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,541DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceGeneral Explanation Supplemental Information for Form 990-PFFormAndLineReferenceDesc
Medium ExplanationPart II, Balance Sheet, Line 13:Other Investments: Book Value FMVInvestment in Dover Capital Management III, LLC $38,152,001 $38,152,001MediumExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Fees$322$440
Filing Fee$126$126
Foreign Taxes - Dover III$394$394
Investment Management Expense - Dover II$13,201$13,201
Licenses & Permits$50
Office Supplies$12$16
Portfolio Expenses - Dover III$3,621$3,621

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescDover III Underlying K-1sDesc
Revenue And Expenses Per Books$1RevenueAndExpensesPerBooksAmt
Net Investment Income$1NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Federal Excise Tax$1,895
State Taxes$10

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