FURP.ORG / PUBLIC DATA EXPLORER

EMPIRE LOAN CHARITABLE FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
EMPIRE LOAN CHARITABLE FOUNDATION (EIN 45-2741468)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-04-21
IRS object ID
201611129349100116
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)
Return2016-04-21T14:04:01-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452741468EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Empire Loan Charitable FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlEMPIBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL D GOLDSTEINPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2016-04-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,227FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$58,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$68InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$68InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$58,068TotalRevAndExpnssAmt
Total Net Invst Incm$68TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$35OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$35OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$1TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$8,925OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$8,925OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,961TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,960TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,420ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,420ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,381TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$65,380TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,313ExcessRevenueOverExpensesAmt
Net Investment Income$68NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$8,540SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,227SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,227SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$8,540TotalAssetsBOYAmt
Total Assets EOY$1,227TotalAssetsEOYAmt
Total Assets EOYFMV$1,227TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$8,540RetainedEarningBOYAmt
Retained Earning EOY$1,227RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,540TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,227TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,540TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,227TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,540TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,313ExcessRevenueOverExpensesAmt
Subtotal$1,227SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,227TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$60,885AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$19,714NetVlNoncharitableAssetsYr1Amt
Distribution Yr13.088414DistributionYr1Rt
Adjusted Qlfy Distri Yr2$127,348AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$40,633NetVlNoncharitableAssetsYr2Amt
Distribution Yr23.134103DistributionYr2Rt
Adjusted Qlfy Distri Yr3$94,745AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$33,521NetVlNoncharitableAssetsYr3Amt
Distribution Yr32.826437DistributionYr3Rt
Adjusted Qlfy Distri Yr4$6,100AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$10,886NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.560353DistributionYr4Rt
Adjusted Qlfy Distri Yr5$0AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$0NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.0DistributionYr5Rt
Total Distribution9.609307TotalDistributionRt
Average Distribution2.402327AverageDistributionRt
Net Vl Noncharitable Assets$12,803NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$30,757AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$30,758AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$65,380QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$1TaxDueAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Michael D Goldstein
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres / Dir / Sec1.0$0$0$0
John Keithline
Foundation Source 501 Silverside RdWilmingtonDE198091377VP / Dir1.0$0$0$0
Allison Picott
Foundation Source 501 Silverside RdWilmingtonDE198091377VP / Dir1.0$0$0$0
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$12,998AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,998TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$12,998AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$195CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,803NetVlNoncharitableAssetsAmt
Minimum Investment Return$640MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$640MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$639DistributableBeforeAdjAmt
Distributable Before Ded$639DistributableBeforeDedAmt
Distributable As Adjusted$639DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$65,380ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$65,380QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$65,379AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$639DistributableAsAdjustedAmt
Prior Year12013PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32011PriorYear3Yr
Excess Distribution Cyov Yr4$5,843ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$93,075ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$125,320ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$59,901ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$284,139TotalExcessDistributionCyovAmt
Qualifying Distributions$65,380QualifyingDistributionsAmt
Applied To Current Year$639AppliedToCurrentYearAmt
Remaining Distri From Corpus$64,741RemainingDistriFromCorpusAmt
Total Corpus$348,880TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$348,880ExcessDistriCyovToNextYrAmt
Excess From Year4$5,843ExcessFromYear4Amt
Excess From Year3$93,075ExcessFromYear3Amt
Excess From Year2$125,320ExcessFromYear2Amt
Excess From Year1$59,901ExcessFromYear1Amt
Excess From Current Year$64,741ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIKE TO THE SEA INC
57 HAMMERSMITH DRSAUGUSMA01906N/APCGeneral & Unrestricted$500
BOSTON CITY LIGHTS FOUNDATION INC
1154 WASHINGTON STBOSTONMA02118N/APCGeneral & Unrestricted$7,500
BUILDING BRIDGES THROUGH MUSIC INC
25 EXCHANGE STLYNNMA01901N/APCGeneral & Unrestricted$500
CASA NUEVA VIDA INC
53 GLEN RDJAMAICA PLAINMA02130N/APCGeneral & Unrestricted$2,000
CHINATOWN PEOPLE PROGRESSIVE ASSOCIATION INC
28 ASH STBOSTONMA02111N/APCGeneral & Unrestricted$200
COMMONWEALTH ZOOLOGICAL CORPORATION
1 FRANKLIN PARK RDBOSTONMA02121N/APCCharitable Event$8,000
CULTURA LATINA DANCE ACADEMY
5 BELVIDERE PLLYNNMA01905N/APCGeneral & Unrestricted$270
FAMILY & CHILDRENS SERVICE OF GREATER LYNN INC
111 N COMMON STLYNNMA01902N/APCGeneral & Unrestricted$1,500
GIRLS INCORPORATED OF GREATER LOWELL
220 WORTHEN STLOWELLMA01852N/APCThe Empire Loan Charitable Foundation Scholarship fund$3,000
GIRLS INCORPORATED OF LYNN
50 HIGH STLYNNMA01902N/APCGeneral & Unrestricted$300
LA CHIC MENTORING PLUS INC
501 CABOT STBEVERLYMA01915N/APCGeneral & Unrestricted$200
LITTLE LEAGUE BASEBALL INC
71 CLAIRMONT STLYNNMA01904N/APCGeneral & Unrestricted$300
MATTAPAN COMMUNITY HEALTH CENTER INC
1575 BLUE HILL AVEBOSTONMA02126N/APCGeneral & Unrestricted$25,000
MY BROTHERS TABLE INC
98 WILLOW STLYNNMA01901N/APCGeneral & Unrestricted$500
NO BOOKS NO BALL
9 ROZELLA STDORCHESTERMA02122N/APCSummer Camp 2015 Program$2,500
NO BOOKS NO BALL
9 ROZELLA STDORCHESTERMA02122N/APCCharitable Event$1,500
ROOM TO GROW NATIONAL INC
54 W 21ST ST STE 401NEW YORKNY10010N/APCGeneral & Unrestricted$1,800
SOUTH END ATHLETICS & ACTIVITIES ASSOCIATION INC
PO BOX 181120BOSTONMA02118N/APCGeneral & Unrestricted$350
WELCOME PROJECT INC
530 MYSTIC AVE 111SOMERVILLEMA02145N/APCGeneral & Unrestricted$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,420TotalGrantOrContriPdDurYrAmt

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$68ExclusionAmt
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$68ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$68TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonEmpire Collateral Loan Co IncContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11130 WASHINGTON STAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd
FieldValueIRS element (for citing)
Total Contributions$58,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationThis statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $56,420. This amount represents over 25% of the Foundation's net assets of $8,540 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$8,900$8,900
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryGRAPHIC DESIGN SERVICESCategoryTxt
Amt$35Amt
Disbursements Charitable Prps$35DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2014CategoryTxt
Amt$1Amt