J WILLARD AND ALICE S MARRIOTT FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- J WILLARD AND ALICE S MARRIOTT FOUNDATION (EIN 52-6068678)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-14
- IRS object ID
- 202421359349102467
- Schema version
- 2023v5.0
- 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
- Form 990-PF
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T10:36:52-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526068678 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | J Willard and Alice S Marriott Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MIEKA WICK CEO | InCareOfNm |
| Business Name Control | JWIL | BusinessNameControlTxt |
| Phone | 2409565010 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 Old Georgetown Rd Suite 800 | AddressLine1Txt |
| City | Bethesda | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD E MARRIOTT | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 3013802246 | PhoneNum |
| Signature | 2024-04-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RICHARD E | PersonFirstNm |
| Person Last | MARRIOTT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JACOB COOK | PreparerPersonNm |
| PTIN | P01240455 | PTIN |
| Phone | 7038930600 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,195,359,092 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $14,811,407 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $14,811,407 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,372,529 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $37,288,351 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,372,529 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $133,003 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $21,316,939 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $21,183,936 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $693,543 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $148,971 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $544,572 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $802,887 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $5,591 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $797,296 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $393,712 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $40,682 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $353,030 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $148,176 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $482 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $147,694 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $37,449 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $14,347 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $23,102 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $359,346 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $204,490 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $154,856 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $395,805 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $130,088 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $32,428 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $5,723 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $26,705 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $243,405 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $61,281 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $179,812 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,106,751 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $611,655 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,227,067 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $46,196,774 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $46,196,774 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $49,303,525 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $611,655 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $48,423,841 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$27,986,586 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $20,572,281 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $7,814,255 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $11,405,103 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $11,405,103 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $0 | AcctRcvblAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl BOY | $1,039,017 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $790,983 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $790,983 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $102,720,521 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $105,010,878 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $101,649,525 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $252,689,121 | CorporateStockBOYAmt |
| Corporate Stock EOY | $253,818,139 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,028,516,875 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $44,537,096 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $33,940,486 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $32,404,553 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $20,310,320 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $18,699,114 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $19,889,053 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $25,714 | OtherAssetsBOYAmt |
| Other Assets EOY | $703,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $703,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $429,136,044 | TotalAssetsBOYAmt |
| Total Assets EOY | $424,367,703 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,195,359,092 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $2,602 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,602 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $2,326,064 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,326,064 | CapitalStockEOYAmt |
| Retained Earning BOY | $426,809,980 | RetainedEarningBOYAmt |
| Retained Earning EOY | $422,039,036 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $429,136,044 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $424,365,100 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $429,136,044 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $424,367,703 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $429,136,044 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$27,986,586 | ExcessRevenueOverExpensesAmt |
| Other Increases | $23,317,465 | OtherIncreasesAmt |
| Subtotal | $424,466,923 | SubtotalAmt |
| Other Decreases | $101,823 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $424,365,100 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| HARBOR (PERSHING) #1008 | P | 2023-01-01 | 2023-12-31 | $16,778 | $16,378 | $400 | $400 |
| HARBOR (PERSHING) #1008 | P | 2022-01-01 | 2023-12-31 | $36,004,906 | $35,779,412 | $225,494 | $225,494 |
| HARBOR (PERSHING) #1008 | P | 2023-01-01 | 2023-12-31 | $245,000 | $245,000 | $0 | |
| 638.703 SHS OF SKYBRIDGE | P | 2022-01-01 | 2023-12-31 | $470,024 | $698,326 | -$228,302 | -$228,302 |
| 602.04 SHS OF SKYBRIDGE | P | 2022-01-01 | 2023-12-31 | $460,877 | $758,627 | -$297,750 | -$297,750 |
| 118.566 SHS OF SKYBRIDGE | P | 2022-01-01 | 2023-12-31 | $90,765 | $154,253 | -$63,488 | -$63,488 |
| CAPITAL GAIN DIVIDENDS | P | $6,736,175 | |||||
| CAPITAL GAIN DIVIDENDS | P | $6,736,175 | |||||
| CAPITAL GAIN DIVIDENDS | P | $6,736,175 | |||||
| CAPITAL GAIN DIVIDENDS | P | $6,736,175 | |||||
| CAPITAL GAIN DIVIDENDS | P | $6,736,175 | |||||
| CAPITAL GAIN DIVIDENDS | P | $6,736,175 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,372,529 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $285,955 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $285,955 | SubtotalAmt |
| Tax Based On Investment Income | $285,955 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $185,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $185,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $100,955 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | Yes (true) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.jwasmarriottfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIEKA WICK CEO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2409565010 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 OLD GEORGETOWN RD SUITE 800 | AddressLine1Txt |
| City | Bethesda | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (true) | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 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 |
|---|---|---|---|---|---|---|---|---|
| J W MARRIOTT JR | ||||||||
| 7700 Old Georgetown Rd | BETHESDA | MD | 20814 | TRUSTEE | 2.0 | $0 | $0 | $0 |
| RICHARD E MARRIOTT | ||||||||
| 7700 Old Georgetown Rd | BETHESDA | MD | 20814 | Trustee | 3.0 | $0 | $0 | $0 |
| DAVID SHEETS MARRIOTT | ||||||||
| 7750 WISONSIN AVENUE | BETHESDA | MD | 20814 | TRUSTEE | 3.0 | $0 | $0 | $0 |
| DEBBIE MARRIOTT HARRISON | ||||||||
| 7750 WISONSIN AVENUE | BETHESDA | MD | 20814 | TRUSTEE | 3.0 | $0 | $0 | $0 |
| JULIE MARRIOTT | ||||||||
| 7700 Old Georgetown Rd | BETHESDA | MD | 20814 | TRUSTEE | 3.0 | $0 | $0 | $0 |
| SANDRA MARRIOTT BERTHA | ||||||||
| 7700 Old Georgetown Rd | BETHESDA | MD | 20814 | TRUSTEE | 1.0 | $0 | $0 | $0 |
| MIEKA WICK | ||||||||
| 7700 Old Georgetown Rd | Bethesda | MD | 20814 | CHIEF EXECUTIVE OFFICER | 40.0 | $494,501 | $73,953 | $0 |
| MICHELLE LOGSDON | ||||||||
| 7700 Old Georgetown Rd | Bethesda | MD | 20814 | CHIEF FINANCIAL OFFICER | 40.0 | $199,042 | $63,053 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| JENNIFER LAWRENCE | ||||||||
| 7700 OLD GEORGETOWN RD | BETHESDA | MD | 20814 | PROGRAM DIRECTOR | 40.0 | $165,273 | $34,333 | $0 |
| CARMEN WONG | ||||||||
| 7700 OLD GEORGETOWN RD | BETHESDA | MD | 20814 | PROGRAM DIRECTOR | 40.0 | $165,273 | $57,536 | $0 |
| ANDREA BALLANCE | ||||||||
| 7700 OLD GEORGETOWN RD | BETHESDA | MD | 20814 | CHIEF OF STAFF | 40.0 | $187,303 | $65,315 | $0 |
| SONNIE THUO | ||||||||
| 7700 OLD GEORGETOWN RD | BETHESDA | MD | 20814 | GRANTS MANAGER | 40.0 | $87,258 | $39,718 | $0 |
| ANAND DHOLAKIA | ||||||||
| 7700 OLD GEORGETOWN RD | BETHESDA | MD | 20814 | PROGRAM DIRECTOR | 40.0 | $160,503 | $52,514 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HARBOR INVESTMENT ADVISORY LLC | |||||
| 2330 WEST JOPPA ROAD STE 160 | LUTHERVILLE | MD | 21093 | INVESTMENT ADVISORY | $204,490 |
| DR TIMOTHY J NELSON | |||||
| 2104 FOLWELL RIDGE LN SW | ROCHESTER | MN | 55902 | MEDICAL ADVISORY | $63,000 |
| DR SCOTT A WALDMAN | |||||
| 112 N ST APT 6B | PHILADELPHIA | PA | 19106 | MEDICAL ADVISORY | $63,000 |
| FAEGRE DRINKER BIDDLE & REATH LLP | |||||
| 1050 K STREET NW SUITE 400 | WASHINGTON | DC | 20001 | LEGAL SERVICES | $140,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,031,224,800 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,359,094 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,039,583,894 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $25,809,784 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,039,583,894 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $15,593,758 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,023,990,136 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $51,199,507 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $51,199,507 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $285,955 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $285,955 | TotalTaxAmt |
| Distributable Before Adj | $50,913,552 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $50,913,552 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $50,913,552 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $48,423,841 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $48,423,841 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $50,913,552 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $47,146,403 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $48,423,841 | QualifyingDistributionsAmt |
| Applied To Year1 | $47,146,403 | AppliedToYear1Amt |
| Applied To Current Year | $1,277,438 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $49,636,114 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHMENT | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7700 Old Georgetown Rd | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | SEE ATTACHMENT | GrantOrContributionPurposeTxt |
| Amt | $46,196,774 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $46,196,774 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14,811,407 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,372,529 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONTAXABLE DISTRIBUTIONS | Desc |
| Exclusion | 41 | ExclusionCd |
| Exclusion | $133,003 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $21,316,939 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $21,316,939 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEARTWORKS INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 41ST STREET NW SUITE 200 | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2023-11-15 | GrantDt |
| Grant | $225,000 | GrantAmt |
| Purpose Of Grant | Quality assurance support for clinical trials (ER) | PurposeOfGrantTxt |
| Expended By Grantee | $225,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 11/15/2023 | DatesOfReportsByGranteeTxt |
| Verification | 2023-11-15 | VerificationDt |
| Results Of Verification | GRANT WAS VERIFIED AND USED FOR THE INTENDED PURPOSE. | ResultsOfVerificationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CORPORATE BONDS - SEE ATCH | $30,755,486 | $29,225,732 |
| CERT OF DEP - SEE ATCH | $3,185,000 | $3,178,821 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MUTUAL FUNDS - SEE ATCH | $182,477,475 | $244,559,158 |
| CORPORATE STOCK - SEE ATCH | $35,828,771 | $732,220,146 |
| EXCH-TRD PRODUCTS - SEE ATCH | $35,511,893 | $51,737,571 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $105,010,878 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $101,649,525 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GOLDMAN SACHS ALTERNATIVE INV | FMV | $8,750,000 | $12,548,264 |
| SKYBRIDGE MULTI-ADV HDG FND | FMV | $9,949,114 | $7,340,789 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SECURITY DEPOSIT | $25,714 | $553,000 | $553,000 |
| ST CD - HSBC | $0 | $150,000 | $150,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT FOR TIMING DIFFERENCES | Desc |
| Amt | $101,823 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | $4,930 | $0 | $4,930 |
| COMPUTER MAINTENANCE/SUPPLIES | $81,192 | $3,608 | $77,584 |
| INSURANCE EXPENSE | $53,017 | $53,017 | $0 |
| DUES AND SUBSCRIPTIONS | $66,329 | $1,338 | $64,991 |
| MISC. ADMIN. EXPENSE | $20,589 | $1,526 | $16,751 |
| MISC. OFFICE EXPENSE | $4,459 | $461 | $3,998 |
| TELEPHONE | $12,889 | $1,331 | $11,558 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDIVIDEND DISTRIBUTIONS | Desc |
| Revenue And Expenses Per Books | $133,003 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNRECOGNIZED GAIN - DONATED SECURITIES | Desc |
| Amt | $23,317,465 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIABILITIES | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $2,602 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $204,490 | $204,490 | $0 |
| CONSULTANT FEES | $154,856 | $0 | $154,856 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | MARRIOTT INTERNATIONAL 3,246,952 SHARES; 1.12% OF SHARES OUTSTANDING AT YEAR-END; $25,809,784 BLOCKAGE DISCOUNT (ATTRIBUTABLE TO SIZE OF BLOCK, TRADING RESTRICTIONS) ON $614,518,670 PRE-DISCOUNT AVERAGE FAIR MARKET VALUE.) | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ESTIMATED TAX PAYMENTS | $185,000 | $0 | $0 |
| TAX PAID W/ PRIOR YEAR RETURN | $80,717 | $0 | $0 |
| FOREIGN TAXES PAID - SEE FN | $130,088 | $130,088 | $0 |