The Million Children Foundation: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- The Million Children Foundation (EIN 26-4308908)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-07-27
- IRS object ID
- 201102179349100205
- Schema version
- 2010v3.4
- 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
- Form 990-PF
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-27T12:02:33-00:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive | AddressLine1 |
| City | Fairfield | City |
| State | CT | State |
| ZIP Code | 06824 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264308908 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Million Children Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MILL | NameControl |
| Phone | 8008391754 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Foundation Source 501 Silversid | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Fernando Cisneros | Name |
| Title | President | Title |
| Date Signed | 2011-07-27 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2011-07-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1549029 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 8213 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 8213 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 195814 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 1135530 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 195814 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 2541 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 2541 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 206568 | TotalRevenueAndExpenses |
| Total Net Investment Income | 206568 | TotalNetInvestmentIncome |
| Taxes Rev And Expnss | 2842 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 203 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 14669 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 5270 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 9399 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 17511 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 5473 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 9399 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 19300 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 19300 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 36811 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 5473 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 28699 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 169757 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 201095 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 1309394 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 77902 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 77902 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock EOY | 1109736 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1180609 | InvestmentsCorpStockEOYFMV |
| Investments Other EOY | 291513 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 290518 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 1309394 | TotalAssetsBOY |
| Total Assets EOY | 1479151 | TotalAssetsEOY |
| Total Assets EOYFMV | 1549029 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 1309394 | RetainedEarningsBOY |
| Retained Earnings EOY | 1479151 | RetainedEarningsEOY |
| Total Net Assets BOY | 1309394 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1479151 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1309394 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1479151 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1309394 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 169757 | ExcessOfRevenueOverExpenses |
| Subtotal | 1479151 | Subtotal |
| Total Net Assets Fund Balances EOY | 1479151 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)
| Description Of AssetDescriptionOfAsset | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|
| Publicly-traded Securities | 1135530 | 983460 | 152070 | 152070 |
| Passthrough K1 Capital Gain | 43744 | 43744 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 195814 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 8304 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 395127 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.021016 | DistributionRatioYear1 |
| Total Distribution Ratio | 000.021016 | TotalDistributionRatio |
| Average Distribution Ratio | 000.021016 | AverageDistributionRatio |
| Net Noncharitable Assets | 1376705 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 28933 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 2011 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 30944 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 28699 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 4022 | InvestmentIncomeExciseTax |
| Subtotal | 4022 | Subtotal |
| Tax Based On Investment Income | 4022 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 2600 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 671 | TaxPaidWithExtension |
| Total Credits And Payments | 3271 | TotalCreditsAndPayments |
| Tax Paid Original Return | 3271 | TaxPaidOriginalReturn |
| Form2220 Attached | X | Form2220Attached |
| Tax Due | 751 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | co Foundation Source | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | true | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Ana Maria Bitar | ||||||
| c/o Foundation Source 501 Silversid | Wilmington | DE | 19809 | Vice President / Director | 001.00 | 0 |
| Fernando Cisneros | ||||||
| c/o Foundation Source 501 Silversid | Wilmington | DE | 19809 | President / Director / Secretary | 001.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 991713 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 140113 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 265844 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 1397670 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 1397670 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 20965 | CashDeemedCharitable |
| Net Noncharitable Assets | 1376705 | NetNoncharitableAssets |
| Minimum Investment Return | 68835 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 68835 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 4022 | TaxBasedOnInvestmentIncome |
| Total Tax | 4022 | TotalTax |
| Distributable Amount Before Adj | 64813 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 64813 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 64813 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 28699 | ExpensesAndContributions |
| Qualifying Distributions | 28699 | QualifyingDistributions |
| Adj Qualifying Distributions | 28699 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 64813 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 8761 | UndistributedIncomePriorYear |
| Qualifying Distributions | 28699 | QualifyingDistributions |
| Applied To Year1 | 8761 | AppliedToYear1 |
| Applied To Current Year | 19938 | AppliedToCurrentYear |
| Undistributed Income CY | 44875 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Ana Maria Bitar | ContributingManager |
| Contributing Manager | Fernando Cisneros | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| DOCTORS WITHOUT BORDERS USA INC | |||||||
| 333 7TH AVE FL 2 | NEW YORK | NY | 10001 | N/A | 509(a)(1) | Haiti Emergency Relief Fund | $5,000 |
| FUNDACION MANOS DEL SUR INC | |||||||
| 2050 CORAL WAY | MIAMI | FL | 33145 | N/A | 509(a)(1) | General | $3,400 |
| FUNDACION MANOS DEL SUR INC | |||||||
| 2050 CORAL WAY | MIAMI | FL | 33145 | N/A | 509(a)(1) | Manos del Sur Peru Program | $9,700 |
| FUNDACION MANOS DEL SUR INC | |||||||
| 2050 CORAL WAY | MIAMI | FL | 33145 | N/A | 509(a)(1) | To sponsor a child Initiative | $1,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 19300 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $8,213 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $195,814 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | K-1 Pass-Through | Description |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2,541 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $206,568 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 206568 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (15 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 7500 shares of ALCOA INC. AA | 107047 | 115425 |
| 5000 shares of BANK OF AMERICA CORP BAC | 92250 | 66700 |
| 5200 shares of CEMEX SA DE CV A ADS CX | 53647 | 55692 |
| 20000 shares of CITIGROUP INC C | 92071 | 94600 |
| 2000 shares of CREDIT SUISSE GROUP ADR CS | 79839 | 80820 |
| 5000 shares of DEAN FOODS CO DF | 41250 | 44200 |
| 1200 shares of FREEPORT-MCMORAN COPPER GOLD INC. FCX | 97180 | 144108 |
| 650 shares of GOLDMAN SACHS GROUP GS | 101801 | 109304 |
| 200 shares of GOOGLE INC CL A GOOG | 111361 | 118794 |
| 35000 shares of NATL BK GREECE SA SPNADR NBG | 77430 | 58800 |
| 700 shares of SCHLUMBERGER LTD SLB | 47599 | 58450 |
| 700 shares of TOYOTA MTR CORP TM | 50952 | 55041 |
| 1000 shares of UNITED STATES STEEL CORP X | 57320 | 58420 |
| 1500 shares of VALE SA VALE | 48209 | 51855 |
| 3000 shares of WEATHERFORD INTL NEW WFT | 51780 | 68400 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | KAWA ONSHORE FEEDER FUND KAWA | CategoryOrItem |
| Book Value | 291513 | BookValue |
| EOYFMV | 290518 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| Administrative Fees | 9374 | 9374 | |
| Bank Charges | 497 | 497 | |
| K1 passthrough KAWA ONSHORE FEEDER FUND | 4773 | 4773 | |
| State or Local Filing Fees | 25 | 25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | KAWA ONSHORE FEEDER FUND K-1 Pass-Through Share of Partnership Income/Loss | Description |
| Revenue And Expenses Per Books | 2541 | RevenueAndExpensesPerBooks |
| Net Investment Income | 2541 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| Estimated Tax for 2010 | $2,600 | 0 | 0 | 0 |
| Excise Tax for 2009 | $39 | 0 | 0 | 0 |
| Foreign Tax Paid | $203 | 203 | 0 | 0 |
Comments