2016-10-26T14:53:39-05:00 2015-12-31 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990PF 2015-01-01 711051630 THE RISC FOUNDATION INC RISC 4135281199 6 SEEKONK CROSS ROAD GREAT BARRINGTON MA 01230 L LINFIELD SIMON PRESIDENT 4135281199 2016-10-17 1 ALFONSO PERILLO P00950491 6172276161 2016-10-17 2015 2017-02-10 21:41:12Z X 89335108 X X 95 95 356843 356843 1108465 11945418 1349958 -10590 -10590 1454813 1696306 265000 26500 238500 11672 0 11672 15744 7872 7872 451822 451822 0 178472 0 178472 110802 69802 0 3962 563 3399 1037474 556559 439915 1722250 1722250 2759724 556559 2162165 -1304911 1139747 111521 5864 5864 660612 336269 336269 83454535 78074533 78074533 2355176 2231172 2231172 5885040 8687270 8687270 92466884 89335108 89335108 7369957 11282439 7369957 11282439 X 0 0 0 0 85096927 78052669 85096927 78052669 92466884 89335108 85096927 -1304911 0 83792016 5739347 78052669 SALE OF PUBLICLY TRADED SECURITIES 11945418 10882078 1063340 1063340 DISALLOWED LOSSES FROM WASH SALES 241493 241493 K-1 FROM TRIGRAN INVESTMENTS L.P. II 45125 45125 1349958 0 3116377 83476631 0.037332 3716835 64822373 0.057339 1533499 47489706 0.032291 592960 42342065 0.014004 62633 588394 0.106447 0.247413 0.049483 89537481 4430583 11397 4441980 5064395 X 11397 0 11397 0 11397 40712 40712 X 29315 29315 0 0 0 0 0 0 0 0 0 0 0 1 1 MA 1 0 0 1 0 1 N/A L LINFIELD SIMON 4135281199 6 SEEKONK CROSS ROAD GREAT BARRINGTON MA 01230 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 L LINFIELD SIMON 6 SEEKONK CROSS ROAD GREAT BARRINGTON MA 01230 PRESIDENT/DIRECTOR 30.00 160000 0 0 SUSAN R SIMON 6 SEEKONK CROSS ROAD GREAT BARRINGTON MA 01230 V.P./CLERK/DIRECTOR 8.00 35000 0 0 CAITLIN J SIMON 20 EDGEHILL ROAD NEW HAVEN CT 06511 TREASURER/DIRECTOR 8.00 35000 0 0 GREGORY A HUBER 20 EDGEHILL ROAD NEW HAVEN CT 06511 DIRECTOR 8.00 35000 0 0 NONE 0 LAGODA INVESTMENT MANAGEMENT LP 3 COLUMBUS CIRCLE STE 2215 NEW YORK NY 10019 INVESTMENT MGMT. SERVICES 373237 US TRUST 114 WEST 47TH STREET NEW YORK NY 10036 INVESTMENT MGMT. SERVICES 77701 0 INVESTMENT IN THE CONNECTICUT CENTER FOR ARTS AND TECHNOLOGY, A 501(C)(3) ORGANIZATION, TO PROCEED WITH THE CREATION OF A CULINARY ARTS PROGRAM, WHICH, AMONG OTHER THINGS, WAS INTENDED TO PROVIDE JOB TRAINING FOR NEW HAVEN'S MINORITY REENTRY POPULATION. THE INVESTMENT IS IN THE FORM OF A FIVE YEAR TERM LOAN WITH AN INTEREST RATE OF 1.7% 1000000 INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A 4%, 10 YEAR TERM LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT. 1750000 152230 2902230 83057708 557133 7286155 90900996 0 0 90900996 1363515 89537481 4476874 4476874 11397 11397 4465477 0 4465477 0 4465477 2162165 2902230 5064395 11397 5052998 4465477 2690915 0 0 5064395 2690915 0 0 2373480 0 0 0 0 0 0 0 0 2091997 0 0 0 X ALL OUR KIN 414A CHAPEL STREET SUITE 100 NEW HAVEN CT 06511 N/A PC PROGRAM SUPPORT 120000 BOSTON SYMPHONY ORCHESTRA INC 301 MASSACHUSETTS AVENUE BOSTON MA 02115 N/A PC PROGRAM SUPPORT 10000 CALVIN HILL DAY CARE CENTER 150 HIGHLAND STREET NEW HAVEN CT 06511 N/A PC PROGRAM SUPPORT 10000 CONNECTICUT VOICES FOR CHILDREN 33 WHITNEY AVENUE NEW HAVEN CT 06510 N/A PC PROGRAM SUPPORT 2500 EDGERTON PARK CONSERVANCY PO BOX 6163 HAMDEN CT 06517 N/A PC PROGRAM SUPPORT 500 GROWERS INC 86 ANDERSON ROAD WALLINGFORD CT 06492 N/A PC PROGRAM SUPPORT 1000 JACOB'S PILLOW DANCE FESTIVAL INC 358 GEORGE CARTER ROAD BECKET MA 01223 N/A PC PROGRAM SUPPORT 50000 NEIGHBORHOOD HOUSING SERVICES OF NEW HAVEN 333 SHERMAN AVENUE NEW HAVEN CT 06511 N/A PC PROGRAM SUPPORT 2500 NEW HAVEN LEGAL ASSISTANCE ASSOCIATION 426 STATE STREET NEW HAVEN CT 06510 N/A PC PROGRAM SUPPORT 250 FOOTE SCHOOL INC - HORIZONS AT FOOTE 50 LOOMIS PLACE NEW HAVEN CT 06511 N/A PC PROGRAM SUPPORT 10000 THE NEW HAVEN READS COMMUNITY BOOK BANK 45 BRISTOL STREET NEW HAVEN CT 06511 N/A PC PROGRAM SUPPORT 10000 UNITED WAY OF GREATER NEW HAVEN 370 JAMES STREET STE 403 NEW HAVEN CT 06513 N/A PC PROGRAM SUPPORT 1000 MUSIC HAVEN 117 WHALLEY AVENUE NEW HAVEN CT 06511 N/A PC PROGRAM SUPPORT 4500 THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 70 AUDUBON STREET NEW HAVEN CT 06510 N/A PC PROGRAM SUPPORT 1500000 1722250 0 14 95 14 356843 14 1190 18 1108465 K-1 PASSTHROUGH FROM TRIGRAN INVESTMENTS, L.P. II 14 -11780 0 1454813 0 1454813 0 0 0 0 0 0 0 0 0 0 ACCOUNTING & TAX PREPARATION 15744 7872 7872 INVESTMENT IN LEADERSHIP, EDUCATION AND ATHLETICS PARTNERSHIP, A 501(C)(3) ORGANIZATION, TO COMPLETE A CONSTRUCTION PROJECT WHILE AWAITING PROMISED PUBLIC FUNDING IN THE FORM OF A SHORT-TERM INTEREST FREE NOTE. 92230 INVESTMENT IN ONLINE JOURNALISM PROJECT, A 501(C)(3) ORGANIZATION, TO PERMIT CONSTRUCTION OF A RADIO STATION IN THE FORM OF A INTEREST FREE NOTE WITH PAYMENTS TOWARDS PRINCIPAL PAID IN ANNUAL INCREMENTS OF $15,000 COMMENCING IN 2019. 60000 ELM CITY COMMUNITY MARKET INC 777 CHAPEL STREET NEW HAVEN CT 06510 2014-09-26 750000 THIS LOAN WAS MADE PURSUANT TO THE TERMS OF A FINANCIAL SUPPORT AGREEMENT ENTERED INTO BETWEEN THE NEW HAVEN INVESTMENT FUND, LLC AND ECCM ON SEPTEMBER 26, 2014. THE LOAN ALLOWED ECCM TO ACQUIRE THE ASSETS OF THE ELM CITY FOOD COOPERATIVE, INC. ("ECFC") IN AN ARTICLE 9 SALE AND TO PROVIDE WORKING CAPITAL TO OPERATE A GROCERY BUSINESS IN THE SAME LOCATION AS ECFC. THE FOUNDATION RECEIVED REGULAR COPIES OF DOCUMENTS REGARDING THE PURCHASE OF ASSETS AND REGULAR WRITTEN AND ORAL REPORTS FROM THE CEO OF ECCM REGARDING THE USE OF THE LOAN IN THE OPERATION OF ECCM'S BUSINESS. REPRESENTATIVES OF THE FOUNDATION ATTENDED AND/OR RECEIVED MINUTES OF BOARD MEETINGS OF ECCM ON OCTOBER 7, 2014, NOVEMBER 14, 2014, JANUARY 19, 2015, MARCH 18, 2015, MAY 18, 2015, JUNE 1, 2015, AND JULY 6, 2015 REPORTING ON THE OPERATIONS OF ECCM AND ITS USE OF FUNDS. 750000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED SEE DATES IN PURPOSE SECTION ABOVE THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. ELM CITY COMMUNITY MARKET INC 777 CHAPEL STREET NEW HAVEN CT 06510 2014-09-26 31927 THESE FUNDS WERE PROVIDED TO ECFC TO PERMIT IT TO REMAIN IN OPERATION (PAY A SPECIFIC VENDOR THAT WOULD NOT HAVE DELIVERED GOODS WITHOUT PAYMENT) PENDING COMPLETION OF THE ARTICLE 9 SALE. A REPRESENTATIVE OF THE FOUNDATION PARTICIPATED IN THE TRANSACTION. 31927 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOUNDATION REPRESENTATIVE PARTICIPATED IN THE TRANSACTION THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. ELM CITY MARKET FOOD COOPERATIVE INC 777 CHAPEL STREET NEW HAVEN CT 06510 2014-10-10 126120 THESE FUNDS WERE USED TO HONOR A GUARANTEE OF AN ECFC LOAN MADE TO PERMIT ECFC TO PURSUE NEGOTIATIONS TO EXPLORE OPTIONS WHICH WOULD PERMIT IT TO CONTINUE OPERATING. A REPRESENTATIVE OF THE FOUNDATION RECEIVED REGULAR REPORTS FROM THE CEO OF ECFC AND BOARD MEMBERS OF ECFC REGARDING THE PROGRESS (FAILURE) OF THESE NEGOTIATIONS. 126120 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOUNDATION REPRESENTATIVE WAS GIVEN REGULAR REPORTS THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. ELM CITY COMMUNITY MARKET INC 777 CHAPEL STREET NEW HAVEN CT 06510 2015-04-22 1750000 INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A 4%, 10 YEAR TERM LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT. 1750000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED 09/20/2016 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. CONTROLLED ENTITY FORM 990PF, PART VII-A LINE 11 NAME OF CONTROLLED ENTITY: THE NEW HAVEN INVESTMENT FUND LLC (DISREGARDED ENTITY)ADDRESS: 140 OGDEN STREET, NEW HAVEN, CT 06511EIN: 71-1051630IT IS NOT AN EXCESSIVE BUSINESS HOLDING.THERE WERE NO TRANSFERS TO OR FROM THE CONTROLLED ORGANIZATION DURING 2015. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 41933860 41933860 U.S. TRUST 36140673 36140673 TRIGRAN INVESTMENTS, L.P. II FMV 2231172 2231172 LEGAL SERVICES 11672 0 11672 11282439 BANK OF AMERICA - LINE OF CREDIT 11282439 PROGRAM-RELATED INVESTMENTS - VARIOUS LOANS 5885040 8687270 8687270 UNREALIZED LOSS ON INVESTMENTS 5739347 ASSOCIATION AND OTHER DUES 1166 0 1166 INSURANCE 2250 563 1687 OFFICE SUPPLIES AND SMALL EQUIPMENT 546 0 546 PROGRAM-RELATED INVESTMENTS LOAN INTEREST 1190 1190 1190 K-1 PASSTHROUGH FROM TRIGRAN INVESTMENTS, L.P. II -11780 -11780 -11780 INVESTMENT MANAGEMENT FEES 451822 451822 0 FOREIGN TAX WITHHELD ON DIVIDENDS 69802 69802 0 FEDERAL EXCISE TAX 41000 0 0 THE NEW HAVEN INVESTMENT FUND LLC (DISREGARDED ENTITY) 140 OGDEN STREET NEW HAVEN CT 06511 711051630 THERE WERE NO TRANSFERS TO OR FROM THE CONTROLLED ORGANIZATION DURING 2015 0 0