FORTH FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
FORTH FOUNDATION (EIN 20-5369388)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-08-12
IRS object ID
201432249349100533
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 ReturnHeader

FieldValueIRS element (for citing)
Return2014-08-12T14:17:21-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PRICEWATERHOUSECOOPERS LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1300 MADISON AVENUEAddressLine1
CityNew YorkCity
StateNYState
ZIP Code10017ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205369388EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FORTH FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of% FELICIA STERLACCIInCareOfNm
Business Name ControlFORTBusinessNameControlTxt
Phone2124182700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ROBERT F RAUCCIAddressLine1
Address Line2C/O OLAYAN AMERICA CORPORATION 505AddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT F RAUCCIPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone2124182753PhoneNum
Signature2014-08-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVELYN M CAPASSAKISPreparerPersonNm
Phone6464713000PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$500,016FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$504,700ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$504,700TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$4,400AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$4,400AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$295OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$295OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,695TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,695TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,695TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$4,695TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$500,005ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$156SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$500,161SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$500,016SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$156TotalAssetsBOYAmt
Total Assets EOY$500,161TotalAssetsEOYAmt
Total Assets EOYFMV$500,016TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$156RetainedEarningBOYAmt
Retained Earning EOY$500,161RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$156TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$500,161TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$156TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$500,161TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$156TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$500,005ExcessRevenueOverExpensesAmt
Subtotal$500,161SubtotalAmt
Tot Net Ast Or Fund Balances EOY$500,161TotNetAstOrFundBalancesEOYAmt
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$14,272AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$73NetVlNoncharitableAssetsYr1Amt
Distribution Yr1195.506849DistributionYr1Rt
Adjusted Qlfy Distri Yr2$355,708AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$15,548NetVlNoncharitableAssetsYr2Amt
Distribution Yr222.878055DistributionYr2Rt
Adjusted Qlfy Distri Yr3$118,739AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$18,341NetVlNoncharitableAssetsYr3Amt
Distribution Yr36.473965DistributionYr3Rt
Adjusted Qlfy Distri Yr4$99,877AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$8,537NetVlNoncharitableAssetsYr4Amt
Distribution Yr411.699309DistributionYr4Rt
Adjusted Qlfy Distri Yr5$118,144AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$37,647NetVlNoncharitableAssetsYr5Amt
Distribution Yr53.138205DistributionYr5Rt
Total Distribution239.696383TotalDistributionRt
Average Distribution47.939277AverageDistributionRt
Net Vl Noncharitable Assets$61,706NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,958,141AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$2,958,141AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$4,695QualifyingDistributionsAmt

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 STERLACCIBusinessNameLine1
FieldValueIRS element (for citing)
Phone2124782753PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O OLAYAN AMERICA CORP 505 PARK AAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HUTHAM S OLAYAN
133 EAST 64TH STREET APT 5ANEW YORKNY10065PRESIDENT0$0$0$0
ROBERT F RAUCCI
133 East 64th Street Apt 5ANEW YORKNY10065VICE PRESIDENT0$0$0$0
FELICIA STERLACCI
C/O OLAYAN AMERICA CORPORATIONNEW YORKNY10022SECRETARY0$0$0$0
FRANK J AMATO
C/O OLAYAN AMERICA CORPORATIONNEW YORKNY10022TREASURER0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$62,646AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$62,646TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$62,646AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$940CashDeemedCharitableAmt
Net Vl Noncharitable Assets$61,706NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,085MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,085MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$3,085DistributableBeforeAdjAmt
Distributable Before Ded$3,085DistributableBeforeDedAmt
Distributable As Adjusted$3,085DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,695ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$4,695QualifyingDistributionsAmt
Adjusted Qualifying Distri$4,695AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,085DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$116,263ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$99,450ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$117,822ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$354,931ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$14,268ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$702,734TotalExcessDistributionCyovAmt
Qualifying Distributions$4,695QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$3,085AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,610RemainingDistriFromCorpusAmt
Total Corpus$704,344TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$116,263ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$588,081ExcessDistriCyovToNextYrAmt
Excess From Year4$99,450ExcessFromYear4Amt
Excess From Year3$117,822ExcessFromYear3Amt
Excess From Year2$354,931ExcessFromYear2Amt
Excess From Year1$14,268ExcessFromYear1Amt
Excess From Current Year$1,610ExcessFromCurrentYearAmt
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

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

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonHUTHAM S OLAYANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1133 EAST 64TH STREET APT 5AAddressLine1
Citynew yorkCity
StateNYState
ZIP Code10065ZIPCode
FieldValueIRS element (for citing)
Total Contributions$504,700TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryPRICEWATERHOUSECOOPERS, LLPCategoryTxt
Amt$4,400Amt
Disbursements Charitable Prps$4,400DisbursementsCharitablePrpsAmt

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 Delaware. The Forth Foundation does not conduct any activites 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

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

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

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.