FORTH FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
FORTH FOUNDATION (EIN 20-5369388)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-15
IRS object ID
201321359349102027
Schema version
2012v2.1
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)
Timestamp2013-05-15T15:08:17-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1PricewaterhouseCoopers LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1300 Madison AvenueAddressLine1
CityNew YorkCity
StateNYState
ZIP Code10017ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN205369388EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE FORTH FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% FELICIA STERLACCIInCareOfName
Name ControlFORTNameControl
Phone2124182700Phone

US Address USAddress

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

Officer Officer

FieldValueIRS element (for citing)
NameROBERT F RAUCCIName
TitleVICE PRESIDENTTitle
Phone2124182753Phone
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone6464713000Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY156FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss16500ContriReceivedRevAndExpnss
Total Revenue And Expenses16500TotalRevenueAndExpenses
Total Net Investment Income0TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss6100AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps6100AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss422OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps422OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss6522TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps6522TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss7750ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps7750ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss14272TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps14272TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses2228ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY178SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY156SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV156SavingsAndTempCashInvstEOYFMV
Total Assets BOY178TotalAssetsBOY
Total Assets EOY156TotalAssetsEOY
Total Assets EOYFMV156TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY178RetainedEarningsBOY
Retained Earnings EOY156RetainedEarningsEOY
Total Net Assets BOY178TotalNetAssetsBOY
Total Net Assets EOY156TotalNetAssetsEOY
Total Liabilities Net Assets BOY178TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY156TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY178TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses2228ExcessOfRevenueOverExpenses
Subtotal2406Subtotal
Other Decreases2250OtherDecreases
Total Net Assets Fund Balances EOY156TotalNetAssetsFundBalancesEOY
FieldValueIRS element (for citing)
Capital Gains And LossesCapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1355708QualifyingDistributionsYear1
Noncharitable Assets Year115548NoncharitableAssetsYear1
Distribution Ratio Year122.878055DistributionRatioYear1
Qualifying Distributions Year2118739QualifyingDistributionsYear2
Noncharitable Assets Year218341NoncharitableAssetsYear2
Distribution Ratio Year26.473965DistributionRatioYear2
Qualifying Distributions Year399877QualifyingDistributionsYear3
Noncharitable Assets Year38537NoncharitableAssetsYear3
Distribution Ratio Year311.699309DistributionRatioYear3
Qualifying Distributions Year4118144QualifyingDistributionsYear4
Noncharitable Assets Year437647NoncharitableAssetsYear4
Distribution Ratio Year43.138205DistributionRatioYear4
Qualifying Distributions Year585678QualifyingDistributionsYear5
Noncharitable Assets Year58300NoncharitableAssetsYear5
Distribution Ratio Year510.322651DistributionRatioYear5
Total Distribution Ratio54.512185TotalDistributionRatio
Average Distribution Ratio10.902437AverageDistributionRatio
Net Noncharitable Assets73NetNoncharitableAssets
Adjusted Noncharitable Assets796AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One796AdjNonchrtblAssetsAndOnePct
Qualifying Distributions14272QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Subtotal0Subtotal
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithDEStatesFiledWith
Form990 PF Filed With AGfalseForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website Addressn/aWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1FELICIA STERLACCIBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2124782753BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1C/O OLAYAN AMERICA CORP 505 PARK AAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
HUTHAM S OLAYAN
133 EAST 64TH STREET APT 5ANEW YORKNY10065PRESIDENT1.0000
ROBERT F RAUCCI
133 East 64th Street Apt 5ANEW YORKNY10065VICE PRESIDENT1.0000
FELICIA STERLACCI
C/O OLAYAN AMERICA CORPORATIONNEW YORKNY10022SECRETARY1.0000
FRANK J AMATO
C/O OLAYAN AMERICA CORPORATIONNEW YORKNY10022TREASURER1.0000
FieldValueIRS element (for citing)
Summary Of Direct Charitable ActySummaryOfDirectCharitableActy
Sum Of Program Related InvestmentsSumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances74AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets74TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets74AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1CashDeemedCharitable
Net Noncharitable Assets73NetNoncharitableAssets
Minimum Investment Return4MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4MinimumInvestmentReturn
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Tax0TotalTax
Distributable Amount Before Adj4DistributableAmountBeforeAdj
Distributable Amount Before Ded4DistributableAmountBeforeDed
Distributable Amount As Adjusted4DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions14272ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions14272QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions14272AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Prior Year12010PriorYear1
Prior Year22009PriorYear2
Prior Year32008PriorYear3
Excess Distri Carryover Year585265ExcessDistriCarryoverYear5
Excess Distri Carryover Year4116263ExcessDistriCarryoverYear4
Excess Distri Carryover Year399450ExcessDistriCarryoverYear3
Excess Distri Carryover Year2117822ExcessDistriCarryoverYear2
Excess Distri Carryover Year1354931ExcessDistriCarryoverYear1
Total Excess Distri Carryover773731TotalExcessDistriCarryover
Qualifying Distributions14272QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Current Year4AppliedToCurrentYear
Remaining Distri From Corpus14268RemainingDistriFromCorpus
Total Corpus787999TotalCorpus
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year585265ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year702734ExcessDistriCyovToNextYear
Excess From Year4116263ExcessFromYear4
Excess From Year399450ExcessFromYear3
Excess From Year2117822ExcessFromYear2
Excess From Year1354931ExcessFromYear1
Excess From Current Year14268ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerHUTHAM S OLAYANContributingManager
Contributing Manager133 EAST 64TH STREET APT 5AContributingManager
Contributing ManagerNEW YORK NY 10065ContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGETOWN UNIVERSITY WALL STREET ALLIANCEBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line137TH AND 0 STREET NWAddressLine1
CityWASHINGTONCity
StateDCState
ZIP Code20057ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationship
Recipient Foundation Status501(C)(3) ORGANIZATIRecipientFoundationStatus
Purpose Of Grant Or ContributionTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSEPurposeOfGrantOrContribution
Amount$7,750Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year7750TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments
Int On Savings And Temp Cash InvstIntOnSavingsAndTempCashInvst
Dividends And Int From Sec Part VIIDividendsAndIntFromSecPartVII
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII
Gain Sales Assets Oth Than InvntryGainSalesAssetsOthThanInvntry
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry
Subtotals Part XVIASubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualHUTHAM S OLAYANContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1133 EAST 64TH STREET APT 5AAddressLine1
Citynew yorkCity
StateNYState
ZIP Code10065ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions16500AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryPRICEWATERHOUSECOOPERS, LLPCategory
Amount$6,100Amount
Disbursements Charitable Prps6100DisbursementsCharitablePrps

Depreciation Schedule DepreciationSchedule

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
StatementDelaware 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.Statement

Land Etc Schedule2 LandEtcSchedule2

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionNON-DEDUCTIBLE EXPENSEDescription
Amount$2,250Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionFILING FEESDescription
Revenue And Expenses Per Books422RevenueAndExpensesPerBooks
Disbursements Charitable Prps422DisbursementsCharitablePrps

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