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MUNGER CHARITABLE TR NUMBER THREE: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
MUNGER CHARITABLE TR NUMBER THREE (EIN 27-6085495)
Tax period
2015-06-01 to 2016-05-31
Filed
2016-09-12
IRS object ID
201632569349100618
Schema version
2015v2.1
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)
Return2016-09-12T20:21:38-05:00ReturnTs
Tax Period End2016-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DREYER ROBBINS & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1355 S GRAND AVE STE 1710AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900711532ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN276085495EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MUNGER CHARITABLE TRUST NUMBER THREEBusinessNameLine1Txt
Business Name Line2C/O WILLIAM H BORTHWICKBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% DREYER ROBBINS & ASSOCIATESInCareOfNm
Business Name ControlMUNGBusinessNameControlTxt
Phone2136838790PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH GRAND AVENUE 37TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM BORTHWICKPersonNm
Person TitleTrusteePersonTitleTxt
Signature2016-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL S DREYERPreparerPersonNm
PTINP00002084PTIN
Phone2136838790PhoneNum
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$324,060FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$9,455NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$17,680GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$9,455CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$9,456TotalRevAndExpnssAmt
Total Net Invst Incm$9,456TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$900OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$900OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$510TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,560TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$900TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,560TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$12,104ExcessRevenueOverExpensesAmt
Net Investment Income$9,306NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$8,591SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,711SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,711SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$158,517CorporateStockBOYAmt
Corporate Stock EOY$150,293CorporateStockEOYAmt
Corporate Stock EOYFMV$319,349CorporateStockEOYFMVAmt
Total Assets BOY$167,108TotalAssetsBOYAmt
Total Assets EOY$155,004TotalAssetsEOYAmt
Total Assets EOYFMV$324,060TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$167,108RetainedEarningBOYAmt
Retained Earning EOY$155,004RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$167,108TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$155,004TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$167,108TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$155,004TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$167,108TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$12,104ExcessRevenueOverExpensesAmt
Subtotal$155,004SubtotalAmt
Tot Net Ast Or Fund Balances EOY$155,004TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyBERKSHIRE HATHAWAY CL B - NEW; 124 SHPropertyDesc
Acquired2011-09-29AcquiredDt
Sold2016-04-14SoldDt
Gross Sales Price$17,680GrossSalesPriceAmt
Cost Or Other Basis$8,225CostOrOtherBasisAmt
Gain Or Loss$9,455GainOrLossAmt
Gains Minus Excess Or Losses$9,455GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$9,455CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$15,439AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$350,991NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.043987DistributionYr1Rt
Adjusted Qlfy Distri Yr2$11,906AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$308,570NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.038584DistributionYr2Rt
Adjusted Qlfy Distri Yr3$11,808AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$259,227NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.045551DistributionYr3Rt
Adjusted Qlfy Distri Yr4$11,361AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$226,842NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.050083DistributionYr4Rt
Adjusted Qlfy Distri Yr5$6,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$244,428NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.026593DistributionYr5Rt
Total Distribution0.204798TotalDistributionRt
Average Distribution0.04096AverageDistributionRt
Net Vl Noncharitable Assets$327,056NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$13,396AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$93NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$13,489AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$20,900QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$93InvestmentIncomeExciseTaxAmt
Subtotal$93SubtotalAmt
Tax Based On Investment Income$93TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$553EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$553TotalPaymentsAndCreditsAmt
Overpayment$460OverpaymentAmt
Applied To ES Tax$460AppliedToESTaxAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 AddressNONEWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DREYER ROBBINS & ASSOCIATESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2136838790PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1355 S GRAND AVENUE SUITE 1710AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
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 PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonWILLIAM H BORTHWICKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH GRAND AVENUE 37TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$323,596AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,441AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$332,037TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$332,037AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,981CashDeemedCharitableAmt
Net Vl Noncharitable Assets$327,056NetVlNoncharitableAssetsAmt
Minimum Investment Return$16,353MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$16,353MinimumInvestmentReturnAmt
Tax Based On Investment Income$93TaxBasedOnInvestmentIncomeAmt
Total Tax$93TotalTaxAmt
Distributable Before Adj$16,260DistributableBeforeAdjAmt
Distributable Before Ded$16,260DistributableBeforeDedAmt
Distributable As Adjusted$16,260DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,900ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$20,900QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$93PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$20,807AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$16,260DistributableAsAdjustedAmt
Undistributed Income PY$17,096UndistributedIncomePYAmt
Prior Year12013PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32011PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$20,900QualifyingDistributionsAmt
Applied To Year1$17,096AppliedToYear1Amt
Applied To Current Year$3,804AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$12,456UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
POLYTECHNIC SCHOOL
1030 EAST CALIFORNIA BOULEVARDPASADENACA91106NONE501(C)(3)GENERAL SUPPORT$10,000
WESTRIDGE SCHOOL
324 MADELINE DRIVEPASADENACA91105NONE501(C)(3)GENERAL SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$9,455ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,456ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,456TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1 SHS BERKSHIRE HATHAWAY CL A$99,488$211,695
1,010 SHS BERKSHIRE HATH. CL B$50,805$107,654

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescEMA ANNUAL FEEDesc
Revenue And Expenses Per Books$150RevenueAndExpensesPerBooksAmt
Net Investment Income$150NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$900Amt
Disbursements Charitable Prps$900DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FRANCHISE TAX BOARD$10
IRS - EXCISE TAX ESTIM$500

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