THE RISC FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE RISC FOUNDATION INC (EIN 71-1051630)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-07-18
- IRS object ID
- 201411999349100701
- Schema version
- 2013v3.0
- 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
- Schedule B
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers Frm Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-07-18T11:51:16-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042442519 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDELSTEIN AND COMPANY LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 160 FEDERAL STREET 9TH FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 711051630 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RISC FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RISC | BusinessNameControlTxt |
| Phone | 4135281199 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 SEEKONK CROSS ROAD | AddressLine1 |
| City | GREAT BARRINGTON | City |
| State | MA | State |
| ZIP Code | 01230 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | L LINFIELD SIMON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4135281199 | PhoneNum |
| Signature | 2014-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT KAPLOWITCH | PreparerPersonNm |
| PTIN | P00002440 | PTIN |
| Phone | 6172276161 | PhoneNum |
| Preparation | 2014-07-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $77,028,813 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $3,467,520 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $346,084 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $337,670 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,149,176 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,345,574 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,256,657 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$2,215 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$2,215 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,960,566 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,592,113 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $265,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $26,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $238,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $50,851 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $50,851 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $154 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $77 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $77 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $162,723 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $162,723 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $60,424 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $60,424 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $30,565 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $30,565 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $1,162 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,162 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,969 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $648 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,321 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $575,848 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $220,513 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $355,335 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $112,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $112,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $688,348 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $220,513 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $467,835 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,272,218 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,371,600 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $47,690 | CashBOYAmt |
| Cash EOY | $42,705 | CashEOYAmt |
| Cash EOYFMV | $42,705 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $261,590 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $246,838 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $246,838 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $51,490,518 | CorporateStockBOYAmt |
| Corporate Stock EOY | $72,562,024 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $72,562,024 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $177,197 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $238,246 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $238,246 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $690,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,939,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,939,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $52,666,995 | TotalAssetsBOYAmt |
| Total Assets EOY | $77,028,813 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $77,028,813 | TotalAssetsEOYFMVAmt |
| Mortgages And Notes Payable BOY | $1,266,250 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $4,747,622 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $1,266,250 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,747,622 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $51,400,745 | RetainedEarningBOYAmt |
| Retained Earning EOY | $72,281,191 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $51,400,745 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $72,281,191 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $52,666,995 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $77,028,813 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $51,400,745 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,272,218 | ExcessRevenueOverExpensesAmt |
| Other Increases | $15,608,228 | OtherIncreasesAmt |
| Subtotal | $72,281,191 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $72,281,191 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| SALE OF PUBLICLY TRADED SECURITIES | $16,345,574 | $14,219,134 | $2,126,440 | $2,126,440 |
| DISALLOWED LOSSES | $107,481 | $107,481 | ||
| PASSTHROUGH FROM TRIGRAN INVESTMENTS, L.P. II | $22,736 | $22,736 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,256,657 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,533,499 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $47,489,706 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.032291 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $592,960 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $42,342,065 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.014004 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $62,633 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $588,394 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.106447 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $60,150 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $588,097 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.102279 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $64,572 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $274,044 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.235626 | DistributionYr5Rt |
| Total Distribution | 0.490647 | TotalDistributionRt |
| Average Distribution | 0.098129 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $64,822,373 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $6,360,955 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $23,716 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $6,384,671 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,716,835 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $47,432 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $47,432 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $47,432 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,933 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $40,250 | AppliedToEsTaxAmt |
| Total Payments And Credits | $48,183 | TotalPaymentsAndCreditsAmt |
| Overpayment | $751 | OverpaymentAmt |
| Applied To ES Tax | $751 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | L LINFIELD SIMON | IndividualWithBooksNm |
| Phone | 4135281199 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 SEEKONK CROSS ROAD | AddressLine1 |
| City | GREAT BARRINGTON | City |
| State | MA | State |
| ZIP Code | 01230 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
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 | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| L LINFIELD SIMON | ||||||||
| 6 SEEKONK CROSS ROAD | GREAT BARRINGTON | MA | 01230 | PRESIDENT/DIRECTOR | 30.00 | $160,000 | $0 | $0 |
| SUSAN R SIMON | ||||||||
| 6 SEEKONK CROSS ROAD | GREAT BARRINGTON | MA | 01230 | V.P./CLERK/DIRECTOR | 8.00 | $35,000 | $0 | $0 |
| CAITLIN J SIMON | ||||||||
| 20 EDGEHILL ROAD | NEW HAVEN | CT | 06511 | TREASURER/DIRECTOR | 8.00 | $35,000 | $0 | $0 |
| GREGORY A HUBER | ||||||||
| 20 EDGEHILL ROAD | NEW HAVEN | CT | 06511 | DIRECTOR | 8.00 | $35,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US TRUST | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 114 WEST 47TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MGMT. SERVICES | ServiceTypeTxt |
| Compensation | $162,119 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | INVESTMENT IN NEXT STEP LIVING, INC., $3,000,000 IN THE FORM OF A CONVERTIBLE SUBORDINATED NOTE WHICH HAS BEEN CONVERTED INTO PREFERRED STOCK UPON MEETING INVESTMENT CRITERIA AND A $249,000 FIVE YEAR INTEREST FREE TERM LOAN ALSO USED FOR AGREED UPON PURPOSES. THE PURPOSES OF THESE INVESTMENTS WERE TO ENABLE NEXT STEP LIVING, INC. TO ESTABLISH A JOB CREATION AND ENERGY EFFICIENCY PROGRAM IN NEW HAVEN, CONNECTICUT 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. | Description1Txt |
| Expenses1 | $3,249,000 | Expenses1Amt |
| Total | $3,249,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $65,428,501 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $381,015 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $65,809,516 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $65,809,516 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $987,143 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $64,822,373 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,241,119 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,241,119 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $47,432 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $47,432 | TotalTaxAmt |
| Distributable Before Adj | $3,193,687 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,193,687 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,193,687 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $467,835 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $3,249,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,716,835 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,716,835 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,193,687 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,188,894 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,716,835 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,188,894 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,527,941 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,665,746 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOSTON SYMPHONY ORCHESTRA INC | |||||||
| 301 MASSACHUSETTS AVENUE | BOSTON | MA | 02115 | N/A | PC | PROGRAM SUPPORT | $10,000 |
| CALVIN HILL DAY CARE CENTER | |||||||
| 150 HIGHLAND STREET | NEW HAVEN | CT | 06511 | N/A | PC | PROGRAM SUPPORT | $10,000 |
| CONNECTICUT CENTER FOR ARTS AND TECHNOLOGY | |||||||
| 4 SCIENCE PARK | NEW HAVEN | CT | 06511 | N/A | PC | PROGRAM SUPPORT | $1,000 |
| CONNECTICUT VOICES FOR CHILDREN | |||||||
| 33 WHITNEY AVENUE | NEW HAVEN | CT | 06510 | N/A | PC | PROGRAM SUPPORT | $2,500 |
| 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 | $1,000 |
| JACOB'S PILLOW DANCE FESTIVAL INC | |||||||
| 358 GEORGE CARTER ROAD | BECKET | MA | 01223 | N/A | PC | PROGRAM SUPPORT | $50,000 |
| NEW HAVEN LEGAL ASSISTANCE ASSOCIATION | |||||||
| 426 STATE STREET | NEW HAVEN | CT | 06510 | N/A | PC | PROGRAM SUPPORT | $250 |
| THE FOOTE SCHOOL ASSOCIATION INC | |||||||
| 50 LOOMIS PLACE | NEW HAVEN | CT | 06511 | N/A | PC | PROGRAM SUPPORT | $3,000 |
| THE NEW HAVEN READS COMMUNITY BOOK BANK | |||||||
| 45 BRISTOL STREET | NEW HAVEN | CT | 06511 | N/A | PC | PROGRAM SUPPORT | $3,000 |
| UNITED WAY OF GREATER NEW HAVEN | |||||||
| 370 JAMES STREET STE 403 | NEW HAVEN | CT | 06513 | N/A | PC | PROGRAM SUPPORT | $1,000 |
| ALL OUR KIN | |||||||
| 414A CHAPEL STREET SUITE 100 | NEW HAVEN | CT | 06511 | N/A | PC | PROGRAM SUPPORT | $28,000 |
| MUSIC HAVEN | |||||||
| 117 WHALLEY AVENUE | NEW HAVEN | CT | 06511 | N/A | PC | PROGRAM SUPPORT | $2,000 |
| YALE-NEW HAVEN HOSPITAL | |||||||
| 20 YORK STREET | NEW HAVEN | CT | 06510 | N/A | PC | PROGRAM SUPPORT | $250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $112,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $346,084 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,149,176 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 PASSTHROUGH FROM TRIGRAN INVESTMENTS, L.P. II | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$2,215 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,493,046 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,493,046 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1 | CityContributorUSAddress/City | StateContributorUSAddress/State | ZIP CodeContributorUSAddress/ZIPCode | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| ALBERT SIMON JR REVOCABLE TRUST | |||||||
| 1 | 6 SEEKONK CROSS ROAD | GREAT BARRINGTON | MA | 01230 | $71,520 | Yes (X) | |
| ALBERT SIMON JR REVOCABLE TRUST | |||||||
| 2 | 6 SEEKONK CROSS ROAD | GREAT BARRINGTON | MA | 01230 | $3,146,000 | Yes (X) | |
| ALBERT SIMON JR REVOCABLE TRUST | |||||||
| 3 | 6 SEEKONK CROSS ROAD | GREAT BARRINGTON | MA | 01230 | $250,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 750 SHARES OF BERKSHIRE HATHAWAY, INC. CLASS B NEW STOCK | $71,520 | 2013-01-14 |
| 2 | 22 SHARES OF BERKSHIRE HATHAWAY, INC. CLASS A STOCK | $3,146,000 | 2013-01-14 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & TAX PREPARATION | CategoryTxt |
| Amt | $154 | Amt |
| Net Investment Income | $77 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $77 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEXT STEP LIVING INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 DRYDOCK AVE 2ND FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02210 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2013-06-13 | GrantDt |
| Grant | $3,249,000 | GrantAmt |
| Purpose Of Grant | SEE STATEMENT 16 OF THIS RETURN. | PurposeOfGrantTxt |
| Expended By Grantee | $3,249,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 01/07/14 & 02/20/14 | DatesOfReportsByGranteeTxt |
| Results Of Verification | 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. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. | $37,714,740 | $37,714,740 |
| U.S. TRUST | $34,847,284 | $34,847,284 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | TRIGRAN INVESTMENTS, L.P. II | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $238,246 | BookValueAmt |
| EOYFMV | $238,246 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL SERVICES | CategoryTxt |
| Legal Fees | $50,851 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $50,851 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $4,747,622 | MortgageAmt |
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA - LINE OF CREDIT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $4,747,622 | BalanceDueAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM-RELATED INVESTMENTS - VARIOUS LOANS | Desc |
| BOY Book Value | $690,000 | BOYBookValueAmt |
| EOY Book Value | $3,939,000 | EOYBookValueAmt |
| EOYFMV | $3,939,000 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STATE FILING FEES | $750 | $0 | $750 |
| IRS FORM 8802 RESIDENCY CERTIFICATION FEES | $85 | $85 | $0 |
| ASSOCIATION DUES | $725 | $0 | $725 |
| INSURANCE | $2,250 | $563 | $1,687 |
| OFFICE EXPENSES | $52 | $0 | $52 |
| OTHER CHARITABLE PURPOSE RELATED EXPENSES | $1,107 | $0 | $1,107 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 PASSTHROUGH FROM TRIGRAN INVESTMENTS, L.P. II | Desc |
| Revenue And Expenses Per Books | -$2,215 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$2,215 | NetInvestmentIncomeAmt |
| Adjusted Net Income | -$2,215 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED GAIN ON INVESTMENTS | Description |
| Amount | $15,608,228 | Amount |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $162,723 | Amt |
| Net Investment Income | $162,723 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX WITHHELD ON DIVIDENDS | CategoryTxt |
| Amt | $30,565 | Amt |
| Net Investment Income | $30,565 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE NEW HAVEN INVESTMENT FUND LLC (DISREGARDED ENTITY) | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 140 OGDEN STREET | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06511 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 711051630 | EIN |
| Desc | THE LLC (A DISREGARDED ENTITY) REIMBURSED THE FOUNDATION FOR VARIOUS EXPENSES. | Desc |
| Amt | $7,767 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,767 | TotalAmt |
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