COMET FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- COMET FOUNDATION (EIN 86-1967040)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2026-03-02
- IRS object ID
- 202610619349100321
- Schema version
- 2024v5.5
- 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
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-03-02T10:09:28-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043450484 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BOLLARD GROUP LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE JOY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861967040 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMET FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | F/K/A THE STEINERT FAMILY FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COME | BusinessNameControlTxt |
| Phone | 6177205800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE JOY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HILARY STEINERT | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6177205800 | PhoneNum |
| Signature | 2026-02-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANASTASIOS PARAFESTAS | PreparerPersonNm |
| PTIN | P00960470 | PTIN |
| Phone | 6177205800 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Address Change | Yes (X) | AddressChangeInd |
| Name Change | Yes (X) | NameChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $20,531,386 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $6,488,697 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,449 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,449 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $149,898 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $149,898 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $460,706 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,982,213 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $460,706 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $7,102,750 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $614,053 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $105,811 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $105,811 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $181 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $181 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $116 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $106,108 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $105,992 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,366,312 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,366,312 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,472,420 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $105,992 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,366,312 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,630,330 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $508,061 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $95,144 | CashBOYAmt |
| Cash EOY | $976,216 | CashEOYAmt |
| Cash EOYFMV | $976,216 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,437,833 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,239,619 | SavAndTempCashInvstEOYAmt |
| Corporate Stock BOY | $10,841,703 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,880,065 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $19,555,170 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $12,374,680 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,095,900 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,531,386 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $12,374,680 | RetainedEarningBOYAmt |
| Retained Earning EOY | $16,095,900 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,374,680 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $16,095,900 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $12,374,680 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $16,095,900 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,374,680 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,630,330 | ExcessRevenueOverExpensesAmt |
| Other Increases | $90,890 | OtherIncreasesAmt |
| Subtotal | $16,095,900 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $16,095,900 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| SECURITIES SOLD | $1,438,145 | $1,521,507 | -$83,362 | -$83,362 |
| SECURITIES SOLD | $544,068 | $544,068 | $544,068 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $460,706 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,062 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,062 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,062 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,991 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $7,062 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | THE BOLLARD GROUP LLC | IndividualWithBooksNm |
| Phone | 6177205800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE JOY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| LANGLEY STEINERT | ||||||||
| ONE JOY STREET | BOSTON | MA | 02108 | TRUSTEE | 0.00 | $0 | $0 | $0 |
| HILARY STEINERT | ||||||||
| ONE JOY STREET | BOSTON | MA | 02108 | TRUSTEE | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $14,212,477 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,016,275 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $16,228,752 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $16,228,752 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $243,431 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,985,321 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $799,266 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $799,266 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,062 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,062 | TotalTaxAmt |
| Distributable Before Adj | $792,204 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $792,204 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $792,204 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,366,312 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,366,312 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $792,204 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $577,312 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,366,312 | QualifyingDistributionsAmt |
| Applied To Year1 | $577,312 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $792,204 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,996,796 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,996,796 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,996,796 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $1,996,796 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2020-11-05 | PrivateOperatingFndtnRulingDt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | LANGLEY STEINERT | ContributingManagerNm |
| Contributing Manager | HILARY STEINERT | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | LANGLEY STEINERT AND HILARY STEINER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE JOY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6177205800 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS SHOULD BE SUBMITTED IN WRITING AND INCLUDE ANY PERTINENT MATERIALS APPLICANTS WOULD LIKE TO HAVE CONSIDERED BY THE TRUSTEES. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NOT APPLICABLE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NOT APPLICABLE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| AMERICAN CANCER SOCIETY | |||||
| 38 CHAUNCY ST STE 700 | BOSTON | MA | 02111 | HEALTH SERVICES | $4,241 |
| COMPASSIONATE CARE ALS | |||||
| 17 CHASE RD | FALMOUTH | MA | 02540 | COMMUNITY AND HEALTH SERVICES | $1,030 |
| STEPPINGSTONE | |||||
| 200 HIGH ST SUITE 210 | BOSTON | MA | 02110 | COMMUNITY SERVICES | $1,041 |
| MASSACHUSETTS GENERAL HOSPITAL | |||||
| 55 FRUIT STREET | BOSTON | MA | 02114 | HEALTHCARE SERVICES | $2,000,000 |
| CLUBHOUSE INTERNATIONAL (#1002) | |||||
| 845 THIRD AVENUE 6TH FLOOR | NEW YORK | NY | 10022 | EDUCATION | $2,000 |
| CONCORD FREE PUBLIC LIBRARY (#1501) | |||||
| 129 MAIN STREET | CONCORD | MA | 01742 | EDUCATION | $3,000 |
| THE WILY NETWORK INC | |||||
| 189 WELLS AVENUE SUITE 301 | NEWTON | MA | 02459 | EDUCATION | $30,000 |
| FOR THE BENEFIT OF THE TRUSTEES OF DARTMOUTH COLLEGE | |||||
| 6016 MCNUTT HALL | HANOVER | NH | 03755 | EDUCATION | $250,000 |
| FOR THE BENEFIT OF THE TRUSTEES OF DARTMOUTH COLLEGE | |||||
| 6016 MCNUTT HALL | HANOVER | NH | 03755 | EDUCATION | $25,000 |
| FOR THE BENEFIT OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE | |||||
| 1350 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02138 | EDUCATION | $500,000 |
| FOR THE BENEFIT OF THE TRUSTEES OF PRINCETON UNIVERSITY | |||||
| 1 NASSAU HALL | PRINCETON | NJ | 08544 | EDUCATION | $500,000 |
| THE GASPARILLA ISLAND CONSERVATION AND IMPROVEMENT ASSOCIATION | |||||
| PO BOX 446 | BOCA GRANDE | FL | 339210446 | COMMUNITY SERVICES | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,366,312 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,449 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $149,898 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $460,706 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $614,053 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $614,053 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | CONTRIBUTIONS RECEIVED | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART I, LINE 1 | FormAndLineReferenceDesc |
| Medium Explanation | THIS AMENDED FILING OF THE 2024 FORM 990-PF IS RESPECTFULLY SUBMITTED TO CORRECT THE FAIR MARKET VALUE OF CONTRIBUTIONS RECEIVED BY THE FOUNDATION IN 2024.FACTS:1. ON SEPTEMBER 10, 2024, COMET FOUNDATION RECEIVED A GIFT OF 241,935 COMMON SHARES OF CARGURUS, INC. (CARG). 2. THE 241,935 SHARES WERE RECEIVED INTO COMET FOUNDATION BROADRIDGE ACCOUNT -174, A NEW ACCOUNT IN 2024. A STATEMENT COPY IS ATTACHED.3. THE AVERAGE FAIR MARKET VALUE OF CARG COMMON SHARES ON THE DATE OF THE GIFT, 9/10/2024, WAS $26.82 PER SHARE, RESULTING IN A TOTAL VALUE RECEIVED $6,488,697.4. ON DECEMBER 6, 2024, 120,969 SHARES WERE TRANSFERRED FROM BROADRIDGE ACCOUNT -174 TO J.P. MORGAN ACCOUNT -1008.5. ON DECEMBER 31, 2024, THE 241,935 SHARES WERE HELD BY THE FOUNDATION IN TWO SEPARATE ACCOUNTS AS FOLLOWS:(I). JP MORGAN ACCOUNT -1008: 120,969 SHARES CARGURUS INC. (STATEMENT COPY ATTACHED)(II). BROADRIDGE ACCOUNT -174: 120,966 SHARES CARGURUS INC. (STATEMENT COPY ATTACHED)6. 2024 INFORMATION FOR THE NEW BROADRIDGE ACCOUNT WAS NOT PROVIDED TO THE TAX PREPARER. THE REPORTED VALUE OF THE CONTRIBUTION RECEIVED WAS BASED ON THE INFORMATION PROVIDED FOR THE J.P. MORGAN ACCOUNT. THIS RESULTED IN AN INADVERTENT UNDERSTATEMENT OF THE CONTRIBUTION VALUE, REPORTED AS $4,640,371 ON THE ORIGINAL RETURN FILED IN MAY 2025. 7. IN DECEMBER 2025, UPON DISCOVERING THE ISSUE, THE TAX PREPARER TOOK IMMEDIATE STEPS TO GATHER THE MONTHLY STATEMENTS FOR THE BROADRIDGE ACCOUNT AND PREPARE THIS AMENDED 2024 990-PF RETURN TO CORRECTLY REFLECT THE VALUE OF THE SHARES RECEIVED.ATTACHED IS A SUMMARY OF CHANGES TO THE ORIGINAL RETURN. THE CORRECTION IMPACTS THE FOLLOWING ON THE TAX RETURN:1. PART 1, LINE 1 CONTRIBUTIONS: AMENDED TO REFLECT THE CORRECT VALUE OF CONTRIBUTIONS RECEIVED $6,488,277. 2. FORM 990-PF, PART II, LINE 10B - END OF YEAR BOOK VALUE OF INVESTMENTS IN CORPORATE STOCK: AMENDED FROM $11,031,740 TO $12,880,065. END OF YEAR FAIR MARKET VALUE OF INVESTMENTS IN CORPORATE STOCK IS $19,555,170.3. FORM 990-PF, PART IX, LINE 1A - AVERAGE MONTHLY FAIR MARKET VALUE OF SECURITIES: AMENDED FROM$12,032,494 TO $14,212,477. THE INCREASE IN THE AVERAGE MONTHLY FMV OF SECURITIES INCREASES THE PART X, LINE 7 DISTRIBUTABLE AMOUNT FROM $684,840 TO $792,204. THIS WILL ALSO DECREASE THE PART XII, LINE 9 EXCESS DISTRIBUTIONS CARRYOVER TO 2025 FROM $2,104,160 TO $1,996,796. NOTE: THE ABOVE CHANGES DO NOT CHANGE THE AMOUNT OF TAX CALCULATED ON THE ORIGINAL RETURN. COMET FOUNDATION PAID $7,062 OF NET INVESTMENT INCOME TAX FOR 2024. THE INCREASE IN CONTRIBUTIONS RECEIVED DOES NOT IMPACT THE COMPUTATION OF NET INVESTMENT INCOME (FORM 990-PF, PART 1, COLUMN B). | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| EQUITIES ACCT 8007 | $7,882,394 | $9,884,523 |
| EQUITIES ACCT 1008 | $1,753,363 | $5,190,805 |
| EQUITIES ACCT 174 | $3,244,308 | $4,479,842 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OVERDRAFT FEES | $76 | $0 | $0 |
| CREDIT CARD FEE | $40 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 2023 IRS REFUND RECEIVED IN 2024 | Desc |
| Amt | $90,890 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $55,939 | $55,939 | $0 |
| J.P.MORGAN CUSTODY FEES | $14,619 | $14,619 | $0 |
| 2022 TAX PREPARATION FEES | $16,748 | $16,748 | $0 |
| 2023 TAX PREPARATION FEES | $18,505 | $18,505 | $0 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LANGLEY AND HILARY STEINERT | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE JOY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $181 | $181 | $0 |
| $0 | $0 | $0 |
Comments