MERCER FAMILY FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
MERCER FAMILY FOUNDATION (EIN 20-1982204)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-10-13
IRS object ID
201212879349100401
Schema version
2011v1.2
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)
Timestamp2012-10-13T11:23:04-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GOLUB LACAPRA WILSON & DETIBERIIS LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12 ROOSEVELT AVEAddressLine1
CityPRT JEFF STACity
StateNYState
ZIP Code117763337ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN201982204EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MERCER FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMERCNameControl

US Address USAddress

FieldValueIRS element (for citing)
Address Line1240 RIVERSIDE BLVDAddressLine1
Address Line2ROOM/SUITE 24AAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10069ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameREBEKAH MERCERName
TitleDIRECTORTitle
Date Signed2012-05-15DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameBRIAN GOLUBName
Phone6313310515Phone
Date Prepared2012-10-11DatePrepared
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY37887151FMVAssetsEOY
Method Of Accounting AccrualXMethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss6900000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss998163InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm998163InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm998163InterestOnSavingsAdjNetIncm
Net Gain Sale Assets Rev And Expnss8919704NetGainSaleAssetsRevAndExpnss
Gross Sales Price8919704GrossSalesPrice
Total Revenue And Expenses16817867TotalRevenueAndExpenses
Total Net Investment Income998163TotalNetInvestmentIncome
Total Adjusted Net Income998163TotalAdjustedNetIncome
Accounting Fees Rev And Expnss3150AccountingFeesRevAndExpnss
Taxes Rev And Expnss7057TaxesRevAndExpnss
Tot Opr Expenses Rev And Expnss10207TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss7105215ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps7105215ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss7115422TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps7105215TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses9702445ExcessOfRevenueOverExpenses
Net Investment Income998163NetInvestmentIncome
Adjusted Net Income998163AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY4823573CashBOY
Cash EOY4715236CashEOY
Cash EOYFMV4715236CashEOYFMV
Investments Corp Stock BOY23361133InvestmentsCorpStockBOY
Investments Corp Stock EOY33171915InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV33171915InvestmentsCorpStockEOYFMV
Total Assets BOY28184706TotalAssetsBOY
Total Assets EOY37887151TotalAssetsEOY
Total Assets EOYFMV37887151TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY28184706RetainedEarningsBOY
Retained Earnings EOY37887151RetainedEarningsEOY
Total Net Assets BOY28184706TotalNetAssetsBOY
Total Net Assets EOY37887151TotalNetAssetsEOY
Total Liabilities Net Assets BOY28184706TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY37887151TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY28184706TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses9702445ExcessOfRevenueOverExpenses
Subtotal37887151Subtotal
Total Net Assets Fund Balances EOY37887151TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year14032933QualifyingDistributionsYear1
Qualifying Distributions Year21765693QualifyingDistributionsYear2
Qualifying Distributions Year31562322QualifyingDistributionsYear3
Qualifying Distributions Year4290744QualifyingDistributionsYear4
Qualifying Distributions Year5174000QualifyingDistributionsYear5
Net Noncharitable Assets0NetNoncharitableAssets
One Percent Net Investment Income9982OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One9982AdjNonchrtblAssetsAndOnePct
Qualifying Distributions7105215QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax9982InvestmentIncomeExciseTax
Subtotal9982Subtotal
Tax Based On Investment Income9982TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment10500EstTaxPaymentsAndOverpayment
Tax Paid With Extension5000TaxPaidWithExtension
Total Credits And Payments15500TotalCreditsAndPayments
Form2220 AttachedXForm2220Attached
Penalty For Underpayment86PenaltyForUnderpayment
Overpayment5432Overpayment
Amount Credited To Next Year5432AmountCreditedToNextYear

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
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressNOT APPLICABLEWebsiteAddress
Books In Care Of Person NameREBEKAH MERCERBooksInCareOfPersonName
Books In Care Of Phone Number6313310515BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1240 RIVERSIDE BLVDAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10069ZIPCode

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
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

FieldValueIRS element (for citing)
Person NameREBEKAH MERCERPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line1240 RIVERSIDE BLVE APT 24AAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10069ZIPCode
FieldValueIRS element (for citing)
TitleDIRECTORTitle
Avg Hours Per Wk Devoted To Position10.00AvgHoursPerWkDevotedToPosition
Compensation0Compensation
Contri To Empl Benefit Plans Etc0ContriToEmplBenefitPlansEtc
Expense Account Other Allowances0ExpenseAccountOtherAllowances
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets0TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets0AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable0CashDeemedCharitable
Net Noncharitable Assets0NetNoncharitableAssets
Minimum Investment Return0MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Tax Based On Investment Income9982TaxBasedOnInvestmentIncome
Total Tax9982TotalTax
Distributable Amount As Adjusted0DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions7105215ExpensesAndContributions
Qualifying Distributions7105215QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm9982OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions7095233AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted0DistributableAmountAsAdjusted
Excess Distri Carryover Year5174346ExcessDistriCarryoverYear5
Excess Distri Carryover Year4293256ExcessDistriCarryoverYear4
Excess Distri Carryover Year31567678ExcessDistriCarryoverYear3
Excess Distri Carryover Year21774307ExcessDistriCarryoverYear2
Excess Distri Carryover Year14039000ExcessDistriCarryoverYear1
Total Excess Distri Carryover7848587TotalExcessDistriCarryover
Qualifying Distributions7105215QualifyingDistributions
Remaining Distri From Corpus7105215RemainingDistriFromCorpus
Total Corpus14953802TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5174346ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year14779456ExcessDistriCyovToNextYear
Excess From Year4293256ExcessFromYear4
Excess From Year31567678ExcessFromYear3
Excess From Year21774307ExcessFromYear2
Excess From Year14039000ExcessFromYear1
Excess From Current Year7105215ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (12 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line2RecipientUSAddress/AddressLine2Business Name Line2RecipientBusinessName/BusinessNameLine2
THE HEARTLAND INSTITUE
19 SO LASALLE STE 903CHICAGOIL60603NON PROFITDONATION$444,000
OISM
PO BOX 1279CAVE JUNCTIONOR97523NON PROFITDONATION$965,000
MEDIA RESEARCH CENTER
35 SO PATRICK STREETALEXANDRIAVA22314NON PROFITDONATION$1,800,000
COUNCIL FOR NAT'L POLICY
1411 K STREET NW STE 601WASHINGTONDC20005NON PROFITDONATION$50,000
THE GEORGE W BUSH FOUND
PO BOX 600610DALLASTX75360NON PROFITDONATION$1,000,000
ILLINOIS POLICY INSTITUTE
190 S LA SALLE STREETCHICAGOIL60603NON PROFITDONATION$250,000
THE STONY BROOK FOUNDATION
230 ADMINISTRATIONSTONY BROOKNY117941188NON PROFITDONATION$2,186,215STONY BROOK UNIVERSITY
JAMES MADISON CTR FOR FREE SPEACH
1 SOUTH 6TH STREETTERRE HAUTEIN47807NON PROFITDONATION$25,000
THE BARRY GOLDWATER INSTITUTE
500 E CORONADO ROADPHOENIXAZ85004NON PROFITDONATION$100,000FOR PUBLIC POLICY
THE WORLD SCIENCE FESTIVAL
475 RIVERSIDE DRIVENEW YORKNY10115NON PROFITDONATION$100,000SUITE 950
MANHATTAN INST FOR POLICY RESEARCH
52 VANDERBILT AVENUENEW YORKNY10017NON PROFITDONATION$100,000SUITE 201
SPECIAL OP WARRIORS FOUNDATION
4409 EL PRADO BLVDTAMPAFL33629NON PROFITDONATION$85,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year7105215TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Related Or Exempt Function Income998163RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income8919704RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income9917867RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA9917867TotalPartXVIA

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 IndividualROBERT MERCERContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1149 HARBOR ROADAddressLine1
CityHEAD OF THE HARBORCity
StateNYState
ZIP Code11780ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions6900000AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEES - VARGA AND GOLUCategory
Amount$3,150Amount

Compensation Explanation CompensationExplanation

Compensation Compensation

FieldValueIRS element (for citing)
Person NameREBEKAH MERCERPersonName

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

FieldValueIRS element (for citing)
NameMEDALLIONName
How AcquiredPURCHASEHowAcquired
Gross Sales Price8919704GrossSalesPrice
Total Net8919704TotalNet

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockMEDALLION INVESTMENTSNameOfStock
EOY Book Value33171915EOYBookValue
EOYFMV33171915EOYFMV

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategory
Amount$7,057Amount

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