Gannet Charitable Foundation: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- Gannet Charitable Foundation (EIN 27-1548246)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2014-07-08
- IRS object ID
- 201421899349100007
- Schema version
- 2013v3.1
- 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
- Form 990-PF
- Accounting Fees Schedule
- Contractor Compensation Expln
- General Explanation Attachment
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-07-08T13:05:08-07:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Logan & Associates Ltd | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 Central Ave Suite 275 | AddressLine1 |
| City | Highland Park | City |
| State | IL | State |
| ZIP Code | 60035 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271548246 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gannet Charitable Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GANN | BusinessNameControlTxt |
| Phone | 8024623183 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2207 North Bingham Street | AddressLine1 |
| City | Cornwall | City |
| State | VT | State |
| ZIP Code | 05753 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James R Pugh | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2014-07-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Judith A Looby | PreparerPersonNm |
| PTIN | P00938223 | PTIN |
| Phone | 8474331650 | PhoneNum |
| 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) |
|---|---|---|
| PF Status Term Sect507b1 A | Yes (X) | PFStatusTermSect507b1AInd |
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | 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 |
| Interest On Sav Rev And Expnss | $14 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $14 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $6,701 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,701 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $6,701 | DividendsAdjNetIncmAmt |
| Total Rev And Expnss | $6,715 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,715 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $6,715 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $1,766 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $1,766 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $1,766 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,554 | LegalFeesRevAndExpnssAmt |
| Legal Fees Adj Net Incm | $2,554 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,554 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Adj Net Incm | $5,000 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,000 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $17 | InterestRevAndExpnssAmt |
| Interest Adj Net Incm | $17 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $17 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $420 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $420 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $420 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $420 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $163 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $163 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $163 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $163 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $9,920 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $583 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $9,920 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $9,920 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,388,519 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,388,519 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,398,439 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $583 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $9,920 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,398,439 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,391,724 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,132 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $533,579 | SavAndTempCashInvstBOYAmt |
| Corporate Stock BOY | $858,145 | CorporateStockBOYAmt |
| Total Assets BOY | $1,391,724 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $1,391,724 | RetainedEarningBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,391,724 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,391,724 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,391,724 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,391,724 | ExcessRevenueOverExpensesAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $106,490 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,619,764 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.06574 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $75,170 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,477,504 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05088 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $97,236 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,500,744 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.06479 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $61,725 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,151,689 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.05360 | DistributionYr4Rt |
| Total Distribution | 0.23501 | TotalDistributionRt |
| Average Distribution | 0.05875 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $232,121 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $13,638 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $61 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $13,699 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,398,439 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $61 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $61 | SubtotalAmt |
| Tax Based On Investment Income | $61 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $708 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $708 | TotalPaymentsAndCreditsAmt |
| Overpayment | $647 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $647 | RefundAmt |
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 | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | VT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | 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 | http://www.guidestar.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James R Pugh | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8024623183 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 63 | AddressLine1 |
| City | Middlebury | City |
| State | VT | State |
| ZIP Code | 05753 | 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 | Yes (true) | 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 (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| James R Pugh | ||||||
| P O Box 63 | Middlebury | VT | 05753 | President/Secr | 3.00 | $1,766 |
| David S Weiss | ||||||
| P O Box 63 | Middlebury | VT | 05753 | Treasurer | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| McDermott Will & Emery LLP | |||||
| 28 State Street | Boston | MA | 021091775 | Legal Fees | $2,554 |
| Logan & Associates Ltd | |||||
| 1866 Sheridan Road Suite 317 | Highland Park | IL | 60035 | Accounting | $5,000 |
| James R Pugh | |||||
| PO Box 63 | Middlebury | VT | 05753 | Consultant | $1,766 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $140,684 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $94,972 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $235,656 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $235,656 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,535 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $232,121 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,606 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,606 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $61 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $61 | TotalTaxAmt |
| Distributable Before Adj | $11,545 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $11,545 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,545 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,398,439 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,398,439 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $61 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,398,378 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,545 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $6,569 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,010 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $26,258 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $34,837 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,398,439 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $11,545 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,386,894 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,421,731 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,421,731 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $6,569 | ExcessFromYear3Amt |
| Excess From Year2 | $2,010 | ExcessFromYear2Amt |
| Excess From Year1 | $26,258 | ExcessFromYear1Amt |
| Excess From Current Year | $1,386,894 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Gannet Charitable Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 63 | AddressLine1 |
| City | Middlebury | City |
| State | VT | State |
| ZIP Code | 05753 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5024623183 | RecipientPhoneNum |
| Form And Info And Materials | Applications should be in writing and include a copy of the charity's tax exempt status ruling letter.Applications should be complete, legible, and include specific information as to where the funds will be spent. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | No submission deadline | SubmissionDeadlinesTxt |
| Restrictions On Awards | Must be a 501(c)(3) Charity | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Johns Hopkins University | |||||||
| 3400 N Charles St | Baltimore | MD | 21218 | None | 501C3 | To assist the charity to continue its charitable purpose | $854,797 |
| Johns Hopkins University | |||||||
| 3400 N Charles St | Baltimore | MD | 21218 | None | 501C3 | To assist the charity to continue its charitable purpose | $533,722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,388,519 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,701 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,715 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,715 | 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 Fees | CategoryTxt |
| Amt | $5,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,000 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,000 | DisbursementsCharitablePrpsAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (3 entries)
| ExplanationExplanationTxt |
|---|
| James R Pugh |
| James R. Pugh serves as a consultant for which he is compensated on an hourly basis as an independent contractor. His compensated work is necessary and proper in order to carry out the exempt purpose of the foundation. |
| Logan & Associates Ltd |
| Logan & Associates Ltd. is a CPA firm that provides tax and accounting services |
| McDermott Will & Emery LLP |
| Payments for legal advice on the structure, operations, and qualification of the Charitable Foundation |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | Gannet Charitable FoundationFEIN 27-1548246Form 990-PF AttachmentPart VII-B, Statement Regarding Activities For Which Form 4720 May be Required Question 1(a)(4) - Exception described in Regulations Section 53.494(d)-3In addition to serving as President and Secretary of Gannet Charitable Foundation, James R. Pugh serves as a consultant for which he is compensated on an hourly basis as an independent contractor. His compensated work is necessary and proper in order to carry out the exempt purpose of the foundation. | MediumExplanationTxt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Gannet Charitable Foundation made the following distributions of assets during the year ended June 30, 2014 to Johns Hopkins University, 3400 N. Charles Street, Baltimore, MD in liquidation of the entity. The final distribution of remaining assets was made on 6/14/2014. Assets Date Distributed Book Value Fair Mkt Value--------- ----------- ---------- --------------8/23/2013 Cash $500,000 $ 500,0008/23/2013 Stocks $854,797 $1,099,0226/14/2014 Cash $ 33,722 $ 33,722 | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $2,554 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,554 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,554 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Bank Service charges | Desc |
| Revenue And Expenses Per Books | $163 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $163 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $163 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $163 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | US Treasury | CategoryTxt |
| Amt | $420 | Amt |
| Net Investment Income | $420 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $420 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $420 | DisbursementsCharitablePrpsAmt |
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