GEM FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- GEM FOUNDATION (EIN 20-2016199)
- Tax period
- 2013-12-01 to 2014-11-30
- Filed
- 2015-03-09
- IRS object ID
- 201540689349100609
- Schema version
- 2013v4.0
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Loans From Officers Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-09T13:56:14-07:00 | ReturnTs |
| Tax Period End | 2014-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES D DIGENAN CPA JD | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5520 WELLESLEY ST STE 200 | AddressLine1 |
| City | LA MESA | City |
| State | CA | State |
| ZIP Code | 91942 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202016199 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEM FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEMF | BusinessNameControlTxt |
| Phone | 8587200723 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 117 SIXTH STREET | AddressLine1 |
| City | DEL MAR | City |
| State | CA | State |
| ZIP Code | 92014 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAREN A MERCALDO | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Signature | 2015-03-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | James D Digenan | PreparerPersonNm |
| PTIN | P00101107 | PTIN |
| Phone | 6197419806 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $679,995 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Net Gain Sale Ast Rev And Expnss | -$4,516 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,484 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $12,358 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $7,842 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $2,135 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,135 | AccountingFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $10 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $10 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $130 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $22,866 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $22,866 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $208 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $208 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,092 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $4,092 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $29,441 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,145 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $27,166 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,275 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,275 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $37,716 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,145 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $35,441 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$29,874 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | -$17,173 | CashBOYAmt |
| Cash EOY | $10,144 | CashEOYAmt |
| Cash EOYFMV | $10,144 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $38,842 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $11,453 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $11,453 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $743,650 | CorporateStockBOYAmt |
| Corporate Stock EOY | $439,000 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $439,000 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $204,200 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $219,320 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $219,320 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,010 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,932 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $111 | LandBOYAmt |
| Land EOY | $78 | LandEOYAmt |
| Land EOYFMV | $78 | LandEOYFMVAmt |
| Total Assets BOY | $969,630 | TotalAssetsBOYAmt |
| Total Assets EOY | $679,995 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $679,995 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $6,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $6,000 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $6,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $963,630 | RetainedEarningBOYAmt |
| Retained Earning EOY | $673,995 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $963,630 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $673,995 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $969,630 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $679,995 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $963,630 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$29,874 | ExcessRevenueOverExpensesAmt |
| Subtotal | $933,756 | SubtotalAmt |
| Other Decreases | $259,761 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $673,995 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 10000 MERYLLION RESOURCES | P | 2007-12-14 | 2014-08-18 | $657 | $1,547 | -$890 | -$890 |
| 10000 KAIZEN DISCOVERY INC | P | 2007-12-14 | 2014-08-18 | $4,827 | $8,453 | -$3,626 | -$3,626 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$4,516 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $31,483 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $671,925 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04686 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $67,692 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $821,066 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.08244 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $145,238 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,130,219 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.12850 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $163,573 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $702,425 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.23287 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $180,505 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $627,394 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.28771 | DistributionYr5Rt |
| Total Distribution | 0.77838 | TotalDistributionRt |
| Average Distribution | 0.15568 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $825,402 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $128,495 | AdjNetVlNoncharitableAssetsAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $128,495 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $35,441 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
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 |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.THEGEMFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAREN MERCALDO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8587200723 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 117 SIXTH STREET | AddressLine1 |
| City | DEL MAR | City |
| State | CA | State |
| ZIP Code | 92014 | ZIPCode |
| 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| KAREN A MERCALDO | ||||||
| 117 SIXTH STREET | DEL MAR | CA | 92014 | CEO | 10.00 | $0 |
| DOMINIC MERCALDO | ||||||
| 117 SIXTH STREET | DEL MAR | CA | 92014 | Director | 5.00 | $0 |
| GIANNA MERCALDO | ||||||
| 117 SIXTH STREET | DEL MAR | CA | 92014 | CFO | 5.00 | $0 |
| ARTHUR R RULE | ||||||
| 7540 NAVIGATOR CIRCLE | CARLSBAD | CA | 92011 | Director | 5.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Border Crossing, in collaboration with the Museum of Man, the La Jolla Playhouse and the National Conflict Resolution Center, aims to change the nature of the conversation around undocumented immigration. Using a combination of experiential learning and facilitated discussions, the initiative aims to bring together people with diverse perspectives to engage in meaningful conversation about the issue. Our hope is that a successful San Diego pilot will be replicated across the country to promote civil dialogue around what continues to be a highly polarized and controversial topic. | Description1Txt |
| Expenses1 | $10,000 | Expenses1Amt |
| Description2 | As a co-convener with the University of San Diegos Institute for Peace and Justice and Women Peacemakers Program, the Gem Foundation, together with other global organizations, is embarking on an ambitious global initiative around Defying Extremism which brings together the often disparate voices of religious leaders, womens rights activists, policymakers, donors and security forces to find common ground and alternative approaches to effectively undermine radicalization and violent extremism. Gems role is evolving toward support for community consultations that connect regional dialogues with local communities as well as national policymakers. | Description2Txt |
| Expenses2 | $6,393 | Expenses2Amt |
| Description3 | The Sharing Resources Forum was initially convened in San Diego in August, 2012 and brought together a diverse group of academics, nonprofit organizations and students to explore their experience with people organizing themselves to pool tangible resources (e.g. money, water, land) to accomplish something together that they were unable to do as individuals. As a follow up to the Forum, in July of 2014, Gem convened members of PCIs WE (Women Empowerment) savings program, artists from the International Folk Art Market and current and prospective donors to share stories of collective success and gather anecdotal evidence of effective approaches. | Description3Txt |
| Expenses3 | $2,293 | Expenses3Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $803,680 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $34,292 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $837,972 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $837,972 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $12,570 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $825,402 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $41,270 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $35,441 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $35,441 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $35,441 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $35,441 | CurrentYearAmt |
| Year1 | $31,483 | Year1Amt |
| Year2 | $67,692 | Year2Amt |
| Year3 | $145,238 | Year3Amt |
| Total | $279,854 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $8,275 | CurrentYearAmt |
| Year1 | $8,442 | Year1Amt |
| Year2 | $39,223 | Year2Amt |
| Year3 | $115,000 | Year3Amt |
| Total | $170,940 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $27,166 | CurrentYearAmt |
| Year1 | $23,041 | Year1Amt |
| Year2 | $28,469 | Year2Amt |
| Year3 | $30,238 | Year3Amt |
| Total | $108,914 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $27,513 | CurrentYearAmt |
| Year1 | $22,397 | Year1Amt |
| Year2 | $27,368 | Year2Amt |
| Year3 | $37,674 | Year3Amt |
| Total | $114,952 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KAREN A MERCALDO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| PROJECT CONCERN INTERNATIONAL | |||||||
| 5151 MURPHY CANYON RD 320 | SAN DIEGO | CA | 92123 | NONE | EXEMPT | CHARITABLE | $5,000 |
| THE CHILDREN'S INITIATIVE | |||||||
| 4438 INGRAHAM STREET | SAN DIEGO | CA | 92109 | NONE | EXEMPT | EDUCATIONAL | $1,000 |
| JUNIOR ACHIEVEMENT | |||||||
| ONE EDUCATION WAY | COLORADO SPRINGS | CO | 80906 | NONE | EXEMPT | CHARITABLE | $1,000 |
| BARRIO LOGAN COLLEGE INSTITUTE | |||||||
| 1625 NEWTON AVE | SAN DIEGO | CA | 92113 | NONE | EXEMPT | CHARITABLE | $1,000 |
| LEAD SAN DIEGO | |||||||
| 110 W A ST STE 960 | SAN DIEGO | CA | 92101 | NONE | EXEMPT | CHARITABLE | $275 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,275 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,358 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$4,516 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $7,842 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,842 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $2,135 | Amt |
| Net Investment Income | $2,135 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | RtRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| COMPUTER EQUIPMENT | 2009-07-24 | $1,913 | $1,802 | 53 | 0.0576 | $111 |
| COMPUTER EQUIPMENT | 2014-07-01 | $97 | 53 | 0.2000 | $19 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | HALOZYME THERAPEUTICS INC | StockNm |
| EOY Book Value | $439,000 | EOYBookValueAmt |
| EOYFMV | $439,000 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | TARGA RESOURCE PARTNERS | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $219,320 | BookValueAmt |
| EOYFMV | $219,320 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | EOYFMVEOYFMVAmt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|---|
| Auto./Transportation Equip. | $78 | |||
| Machinery and Equipment | $2,010 | $1,932 | $78 |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lender Person | KAREN MERCALDO | LenderPersonNm |
| Title | CEO | TitleTxt |
| Loan Original | $50,000 | LoanOriginalAmt |
| Balance Due | $6,000 | BalanceDueAmt |
| Loan Purpose | OPERATIONS | LoanPurposeTxt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED LOSSES ON SECURITIES | Description |
| Amount | $259,761 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| BANK CHARGES | $234 | $234 |
| INSURANCE | $752 | $752 |
| MEMBERSHIP DUES | $2,975 | $2,975 |
| WEBSITE MAINTENANCE | $131 | $131 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $12,358 | RevenueAndExpensesPerBooksAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FORM 199 STATE TAX | CategoryTxt |
| Amt | $10 | Amt |
| Net Investment Income | $10 | NetInvestmentIncomeAmt |