FORTH FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
FORTH FOUNDATION (EIN 20-5369388)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-15
IRS object ID
201221369349100017
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)
Timestamp2012-05-15T08:47:58-04:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

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 Date2011-01-01TaxPeriodBeginDate

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 Signed2012-05-09DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone6464713000Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Exempt PFXExemptPF
FMV Assets EOY178FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss340800ContriReceivedRevAndExpnss
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses340800TotalRevenueAndExpenses
Total Net Investment Income0TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Legal Fees Rev And Expnss1963LegalFeesRevAndExpnss
Legal Fees Net Invst Incm0LegalFeesNetInvstIncm
Legal Fees Adj Net Incm0LegalFeesAdjNetIncm
Legal Fees Dsbrs Chrtbl Prps1963LegalFeesDsbrsChrtblPrps
Accounting Fees Rev And Expnss7750AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps7750AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss795OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm0OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps795OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss10508TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps10508TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss345200ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps345200ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss355708TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps355708TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-14908ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY15086SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY178SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV178SavingsAndTempCashInvstEOYFMV
Total Assets BOY15086TotalAssetsBOY
Total Assets EOY178TotalAssetsEOY
Total Assets EOYFMV178TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY15086RetainedEarningsBOY
Retained Earnings EOY178RetainedEarningsEOY
Total Net Assets BOY15086TotalNetAssetsBOY
Total Net Assets EOY178TotalNetAssetsEOY
Total Liabilities Net Assets BOY15086TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY178TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY15086TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-14908ExcessOfRevenueOverExpenses
Subtotal178Subtotal
Total Net Assets Fund Balances EOY178TotalNetAssetsFundBalancesEOY
FieldValueIRS element (for citing)
Capital Gains And LossesCapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1118739QualifyingDistributionsYear1
Noncharitable Assets Year118341NoncharitableAssetsYear1
Distribution Ratio Year16.473965DistributionRatioYear1
Qualifying Distributions Year299877QualifyingDistributionsYear2
Noncharitable Assets Year28537NoncharitableAssetsYear2
Distribution Ratio Year211.699309DistributionRatioYear2
Qualifying Distributions Year3118144QualifyingDistributionsYear3
Noncharitable Assets Year337647NoncharitableAssetsYear3
Distribution Ratio Year33.138205DistributionRatioYear3
Qualifying Distributions Year485678QualifyingDistributionsYear4
Noncharitable Assets Year48300NoncharitableAssetsYear4
Distribution Ratio Year410.322651DistributionRatioYear4
Qualifying Distributions Year530852QualifyingDistributionsYear5
Noncharitable Assets Year511127NoncharitableAssetsYear5
Distribution Ratio Year52.772715DistributionRatioYear5
Total Distribution Ratio34.406845TotalDistributionRatio
Average Distribution Ratio6.881369AverageDistributionRatio
Net Noncharitable Assets15548NetNoncharitableAssets
Adjusted Noncharitable Assets106992AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One106992AdjNonchrtblAssetsAndOnePct
Qualifying Distributions355708QualifyingDistributions

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 AG0Form990PFFiledWithAG
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 YORKNY10021PRESIDENT1.0000
ROBERT F RAUCCI
133 East 64th Street Apt 5ANEW YORKNY10021VICE 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 Balances15785AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets15785TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets15785AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable237CashDeemedCharitable
Net Noncharitable Assets15548NetNoncharitableAssets
Minimum Investment Return777MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return777MinimumInvestmentReturn
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Tax0TotalTax
Distributable Amount Before Adj777DistributableAmountBeforeAdj
Distributable Amount Before Ded777DistributableAmountBeforeDed
Distributable Amount As Adjusted777DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions355708ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions355708QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions355708AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted777DistributableAmountAsAdjusted
Prior Year12009PriorYear1
Prior Year22008PriorYear2
Prior Year32007PriorYear3
Excess Distri Carryover Year530554ExcessDistriCarryoverYear5
Excess Distri Carryover Year485265ExcessDistriCarryoverYear4
Excess Distri Carryover Year3116263ExcessDistriCarryoverYear3
Excess Distri Carryover Year299450ExcessDistriCarryoverYear2
Excess Distri Carryover Year1117822ExcessDistriCarryoverYear1
Total Excess Distri Carryover449354TotalExcessDistriCarryover
Qualifying Distributions355708QualifyingDistributions
Applied To Current Year777AppliedToCurrentYear
Remaining Distri From Corpus354931RemainingDistriFromCorpus
Total Corpus804285TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year530554ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year773731ExcessDistriCyovToNextYear
Excess From Year485265ExcessFromYear4
Excess From Year3116263ExcessFromYear3
Excess From Year299450ExcessFromYear2
Excess From Year1117822ExcessFromYear1
Excess From Current Year354931ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerHUTHAM S OLAYANContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line2RecipientUSAddress/AddressLine2
ST BERNARD'S SCHOOL INC
4 East 98th StreetNew YorkNY10029N/A501(c)(3) organizatiTO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE$60,000
GEORGETOWN UNIVERSITY - Olayan-Raucci Scholarship
37TH AND 0 STREET NWWASHINGTONDC20057N/A501(C)(3) ORGANIZATITO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE$250,000
PECONIC LAND TRUST
296 HAMPTON ROADSOUTHAMPTONNY11969N/A501(C)(3) ORGANIZATITO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE$200PO BOX 1776
GEORGETOWN UNIVERSITY-DEAN'S FUND
37TH AND 0 STREET NWWASHINGTONDC20057N/A501(C)(3) ORGANIZATITO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE$25,000
GEORGETOWN UNIVERSITY WALL STREET ALLIANCE
37TH AND 0 STREET NWWASHINGTONDC20057N/A501(C)(3) ORGANIZATITO SUPPORT ORGANIZATION'S CHARITABLE PURPOSE$10,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year345200TotGrantOrContriPaidDuringYear

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 Code10021ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions340000AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$7,750Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps7750DisbursementsCharitablePrps

Depreciation Schedule DepreciationSchedule

Land Etc Schedule2 LandEtcSchedule2

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

FieldValueIRS element (for citing)
CategoryLEGAL FEES-SHEARMAN & STERLINGCategory
Amount$1,963Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps1963DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeAdjusted Net IncomeAdjustedNetIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
FILING FEES29500295
DUE DILLIGENCE EXPENSE50000500

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