FORTH FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
FORTH FOUNDATION (EIN 20-5369388)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-14
IRS object ID
201541349349100964
Schema version
2014v5.0
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)
Return2015-05-14T09:35:52-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PRICEWATERHOUSECOOPERS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1300 MADISON AVENUEAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205369388EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FORTH FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% FELICIA STERLACCIInCareOfNm
Business Name ControlFORTBusinessNameControlTxt
Phone2124182700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ROBERT F RAUCCIAddressLine1Txt
Address Line2C/O OLAYAN AMERICA CORPORATION 505AddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT F RAUCCIPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone2124182753PhoneNum
Signature2015-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVELYN M CAPASSAKISPreparerPersonNm
PTINP00737438PTIN
Phone2124182753PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$489,867FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$0TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$295OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$295OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$295TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$295TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$10,295TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,295TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$10,295ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$500,162SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$489,867SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$489,867SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$500,162TotalAssetsBOYAmt
Total Assets EOY$489,867TotalAssetsEOYAmt
Total Assets EOYFMV$489,867TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$500,162RetainedEarningBOYAmt
Retained Earning EOY$489,867RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$500,162TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$489,867TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$500,162TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$489,867TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$500,162TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$10,295ExcessRevenueOverExpensesAmt
Subtotal$489,867SubtotalAmt
Tot Net Ast Or Fund Balances EOY$489,867TotNetAstOrFundBalancesEOYAmt
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$4,695AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$61,706NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.076087DistributionYr1Rt
Adjusted Qlfy Distri Yr2$14,272AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$73NetVlNoncharitableAssetsYr2Amt
Distribution Yr2195.506849DistributionYr2Rt
Adjusted Qlfy Distri Yr3$355,708AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$15,548NetVlNoncharitableAssetsYr3Amt
Distribution Yr322.878055DistributionYr3Rt
Adjusted Qlfy Distri Yr4$118,739AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$18,341NetVlNoncharitableAssetsYr4Amt
Distribution Yr46.473965DistributionYr4Rt
Adjusted Qlfy Distri Yr5$99,877AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$8,537NetVlNoncharitableAssetsYr5Amt
Distribution Yr511.699309DistributionYr5Rt
Total Distribution236.634265TotalDistributionRt
Average Distribution47.326853AverageDistributionRt
Net Vl Noncharitable Assets$484,340NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$22,922,288AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$22,922,288AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$10,295QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

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 StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
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 Line1FELICIA STERLACCIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2124782753PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O OLAYAN AMERICA CORP 505 PARK AAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HUTHAM S OLAYAN
133 EAST 64TH STREET APT 5ANEW YORKNY10065PRESIDENT0$0
ROBERT F RAUCCI
133 East 64th Street Apt 5ANEW YORKNY10065VICE PRESIDENT0$0
FELICIA STERLACCI
C/O OLAYAN AMERICA CORPORATIONNEW YORKNY10022SECRETARY0$0
FRANK J AMATO
C/O OLAYAN AMERICA CORPORATIONNEW YORKNY10022TREASURER0$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$491,716AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$491,716TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$491,716AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,376CashDeemedCharitableAmt
Net Vl Noncharitable Assets$484,340NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,217MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,217MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$24,217DistributableBeforeAdjAmt
Distributable Before Ded$24,217DistributableBeforeDedAmt
Distributable As Adjusted$24,217DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,295ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$10,295QualifyingDistributionsAmt
Adjusted Qualifying Distri$10,295AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$24,217DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12012PriorYear1Yr
Prior Year22011PriorYear2Yr
Prior Year32010PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$99,450ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$117,822ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$354,931ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$14,268ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,610ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$588,081TotalExcessDistributionCyovAmt
Qualifying Distributions$10,295QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$10,295AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$13,922ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$13,922ExcessDistributionCyovAppCYAmt
Total Corpus$574,159TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$85,528ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$488,631ExcessDistriCyovToNextYrAmt
Excess From Year4$117,822ExcessFromYear4Amt
Excess From Year3$354,931ExcessFromYear3Amt
Excess From Year2$14,268ExcessFromYear2Amt
Excess From Year1$1,610ExcessFromYear1Amt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHUTHAM S OLAYANContributingManagerNm
Contributing Manager133 EAST 64TH STREET APT 5AContributingManagerNm
Contributing ManagerNEW YORK NY 10065ContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGETOWN UNIVERSITY FUNDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1GEORGETOWN UNIVERSITY OFFICE OF ADVAddressLine1Txt
Address Line2UNIVERSITY BOX 0734AddressLine2Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20073ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSEGrantOrContributionPurposeTxt
Amt$10,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
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 ActySubtotalsIncmProducingActyGrp

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

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationDELAWARE NON-PROFIT CORPORATIONS ARE REQUIRED TO FILE A COPY OF THE FEDERAL FORM 990-PF TO THE EXTENT THE NON-PROFIT CORPORATION CARRIES ON ACTIVITIES IN THE STATE OF DELEWARE. THE FORTH FOUNDATION DOES NOT CONDUCT ANY ACTIVITIES IN DELAWARE. THEREFORE, THE FORTH FOUNDATION IS NOT REQUIRED TO FILE A COPY OF THE FEDERAL FORM 990 PF WITH THE DELAWARE ATTORNEY GENERAL.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEESDesc
Revenue And Expenses Per Books$295RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$295DisbursementsCharitablePrpsAmt

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