THE CHASE AND STEPHANIE COLEMAN FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
THE CHASE AND STEPHANIE COLEMAN FOUNDATION (EIN 83-0451634)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-12
IRS object ID
201333169349101353
Schema version
2012v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-12T19:36:57-08:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHN T ABLAMSKY MBA CPABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line163 REID AVENUEAddressLine1
CityPORT WASHINGTONCity
StateNYState
ZIP Code110503507ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN830451634EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE CHASE AND STEPHANIE COLEMAN FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlCHASNameControl
Phone2129842591Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O TIGER GLOBAL 101 PARK AVEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10178ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCHARLES P COLEMAN IIIName
TitleTRUSTEETitle
Phone2129842591Phone
Date Signed2013-11-11DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameJOHN T ABLAMSKY MBA CPAName
Phone5168834306Phone
Date Prepared2013-11-10DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY36872714FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss36950000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss244InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm244InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses36950244TotalRevenueAndExpenses
Total Net Investment Income244TotalNetInvestmentIncome
Accounting Fees Rev And Expnss8475AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps8475AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss0TaxesRevAndExpnss
Other Expenses Rev And Expnss35OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps35OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss8510TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps8510TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss2127650ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps2127650ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss2136160TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps2136160TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses34814084ExcessOfRevenueOverExpenses
Net Investment Income244NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY309374SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY123458SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV123458SavingsAndTempCashInvstEOYFMV
Investments Other BOY450000InvestmentsOtherBOY
Investments Other EOY35450000InvestmentsOtherEOY
Investments Other EOYFMV36749256InvestmentsOtherEOYFMV
Total Assets BOY759374TotalAssetsBOY
Total Assets EOY35573458TotalAssetsEOY
Total Assets EOYFMV36872714TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY759374CapitalStockBOY
Capital Stock EOY35573458CapitalStockEOY
Total Net Assets BOY759374TotalNetAssetsBOY
Total Net Assets EOY35573458TotalNetAssetsEOY
Total Liabilities Net Assets BOY759374TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY35573458TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY759374TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses34814084ExcessOfRevenueOverExpenses
Subtotal35573458Subtotal
Total Net Assets Fund Balances EOY35573458TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year12082052QualifyingDistributionsYear1
Noncharitable Assets Year11351609NoncharitableAssetsYear1
Distribution Ratio Year11.540425DistributionRatioYear1
Qualifying Distributions Year21246675QualifyingDistributionsYear2
Noncharitable Assets Year2861492NoncharitableAssetsYear2
Distribution Ratio Year21.447112DistributionRatioYear2
Qualifying Distributions Year31844959QualifyingDistributionsYear3
Noncharitable Assets Year3742328NoncharitableAssetsYear3
Distribution Ratio Year32.485369DistributionRatioYear3
Qualifying Distributions Year41690100QualifyingDistributionsYear4
Noncharitable Assets Year4912663NoncharitableAssetsYear4
Distribution Ratio Year41.851834DistributionRatioYear4
Qualifying Distributions Year5863252QualifyingDistributionsYear5
Noncharitable Assets Year5747286NoncharitableAssetsYear5
Distribution Ratio Year51.155183DistributionRatioYear5
Total Distribution Ratio8.479923TotalDistributionRatio
Average Distribution Ratio1.695985AverageDistributionRatio
Net Noncharitable Assets4760556NetNoncharitableAssets
Adjusted Noncharitable Assets8073832AdjustedNoncharitableAssets
One Percent Net Investment Income2OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One8073834AdjNonchrtblAssetsAndOnePct
Qualifying Distributions2136160QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax5InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal5Subtotal
Tax Based On Investment Income5TaxBasedOnInvestmentIncome
Tax Paid With Extension10000TaxPaidWithExtension
Total Credits And Payments10000TotalCreditsAndPayments
Original Return Overpayment-10000OriginalReturnOverpayment
Overpayment9995Overpayment
Amount Credited To Next Year9995AmountCreditedToNextYear

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 WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
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 Line1JOHN T ABLAMSKYBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number5168834306BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line163 REID AVENUEAddressLine1
CityPORT WASHINGTONCity
StateNYState
ZIP Code11050ZIPCode
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
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 (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
CHARLES P COLEMAN III
4 EAST 66TH STREET - 6TH FLOORNYNY10065TRUSTEE5.00000
STEPHANIE A COLEMAN
4 EAST 66TH STREET - 6TH FLOORNYNY10021TRUSTEE5.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances248447AvgMonthlyCashBalances
FMV All Other Noncharitable Assets4584605FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets4833052TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets4833052AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable72496CashDeemedCharitable
Net Noncharitable Assets4760556NetNoncharitableAssets
Minimum Investment Return238028MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return238028MinimumInvestmentReturn
Tax Based On Investment Income5TaxBasedOnInvestmentIncome
Total Tax5TotalTax
Distributable Amount Before Adj238023DistributableAmountBeforeAdj
Distributable Amount Before Ded238023DistributableAmountBeforeDed
Distributable Amount As Adjusted238023DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions2136160ExpensesAndContributions
Qualifying Distributions2136160QualifyingDistributions
Adj Qualifying Distributions2136160AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted238023DistributableAmountAsAdjusted
Excess Distri Carryover Year5825888ExcessDistriCarryoverYear5
Excess Distri Carryover Year41644468ExcessDistriCarryoverYear4
Excess Distri Carryover Year31807843ExcessDistriCarryoverYear3
Excess Distri Carryover Year21203600ExcessDistriCarryoverYear2
Excess Distri Carryover Year12014474ExcessDistriCarryoverYear1
Total Excess Distri Carryover7496273TotalExcessDistriCarryover
Qualifying Distributions2136160QualifyingDistributions
Applied To Current Year238023AppliedToCurrentYear
Remaining Distri From Corpus1898137RemainingDistriFromCorpus
Total Corpus9394410TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5825888ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year8568522ExcessDistriCyovToNextYear
Excess From Year41644468ExcessFromYear4
Excess From Year31807843ExcessFromYear3
Excess From Year21203600ExcessFromYear2
Excess From Year12014474ExcessFromYear1
Excess From Current Year1898137ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerCHARLES P COLEMANIII STEPHANIE A COContributingManager
Shareholder ManagerNAShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (14 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
THE GREEN VALE SCHOOL
250 VALENTINES LANEOLD BROOKVILLENY11545509(a)1170(b)(1)(A)EDUCATION$100,000
HOSPITAL FOR SPECIAL SURGERY
535 EAST 70TH STNEW YORKNY10021509(a)1170(b)(1)(A)MEDICAL$1,000,000
NEW YORK PRESBYTERIAN
525 E 68TH STNEW YORKNY10021509(a)1170(b)(1)(A)MEDICAL$75,000
SOUTHAMPTON HOSPITAL
240 MEETING HOUSE LANESOUTHAMPTONNY11968509(a)1170(b)(1)(A)MEDICAL$10,000
THE EAST HARLEM SCHOOL
309 EAST 103RD STNEW YORKNY10029509(a)1170(b)(1)(A)EDUCATION$100,000
THE EPISCOPAL SCHOOL
35 EAST 69TH STNEW YORKNY10021509(a)1170(b)(1)(A)EDUCATION$15,000
TIGER FOUNDATION
101 PARK AVENUENEW YORKNY10178509(a)1170(b)(1)(A)VARIOUS CHARTIBALE$500,000
WELLESLEY COLLEGE
106 CENTRAL STWELLESLYMA02481509(a)1170(b)(1)(A)EDUCATION$5,000
WILLIAMS COLLEGE
1000 MAIN STWILLIAMSTOWNMA01267509(a)1170(b)(1)(A)EDUCATION$10,000
PAVE ACADEMY
71 SULLIVAN STREETBROOKLYNNY11231509(a)1170(b)(1)(A)EDUCATION$75,000
AMERICAN MUSEUM OF NATURAL HISTORY
200 CENTRAL PARK WESTNEW YORKNY10024509(a)1170(b)(1)(A)EDUCATION$25,000
KIPP NY INC
70 7TH AVENUE 10TH FLOONEW YORKNY10024509(a)1170(b)(1)(A)EDUCATION$100,000
MEMORIAL SLOAN KETTERING
55 5TH AVE 12NEW YORKNY10065509(a)1170(b)(1)(A)MEDICAL$50,000
THE CHAPIN SCHOOL
100 EAST END AVENEW YORKNY10028509(a)1170(b)(1)(A)EDUCATION$62,650
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year2127650TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$244ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$244ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA244TotalPartXVIA

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 (2 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
1CHARLES P COLEMAN III4 EAST 66TH STREET - 6TH FLOORNEW YORKNY1006535975000X
2STEPHANIE A COLEMAN4 EAST 66TH STREET - 6TH FLOORNEW YORKNY10065975000X

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryJOHN T. ABLAMSKY, CPA TAX & ACCOUNTINGCategory
Amount$8,475Amount
Disbursements Charitable Prps8475DisbursementsCharitablePrps

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemINVESTMENT IN TIGER GLOBAL LTDCategoryOrItem
Book Value35450000BookValue
EOYFMV36749256EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrps
NYS FILING FEES
BANK CHARGES3535

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategory

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