SOPHIAGRACE FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SOPHIAGRACE FOUNDATION (EIN 82-0740486)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-07-23
- IRS object ID
- 202432059349100628
- Schema version
- 2023v5.1
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-07-23T18:39:35-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 272496928 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kwan & Co CPA Inc | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 78 Bay State Street Unit 1B | AddressLine1Txt |
| City | Alhambra | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91801 | 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 | 820740486 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOPHIAGRACE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOPH | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3019 Wilshire Blvd Ste 321 | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90403 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Christina Singleton | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2024-07-19 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Christina | PersonFirstNm |
| Person Last | Singleton | PersonLastNm |
| 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 | Hew Kwan | PreparerPersonNm |
| PTIN | P01465585 | PTIN |
| Phone | 6262835101 | PhoneNum |
| Preparation | 2024-07-23 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| OOB Security Verification | 00 | OOBSecurityVerificationCd |
| Authentication Assurance Level | AAL2 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $15,821,824 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,747,572 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $259,319 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $259,319 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $271,950 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,413,614 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $271,950 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $271,950 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $3,278,841 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $531,269 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $271,950 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $14,235 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $3,240 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $7,385 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $1,786 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $26,646 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,497,387 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,524,033 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$245,192 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $531,269 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $271,950 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $684,160 | CashBOYAmt |
| Cash EOY | $510,922 | CashEOYAmt |
| Cash EOYFMV | $510,922 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl BOY | $450,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Prepaid Expenses BOY | $5,000 | PrepaidExpensesBOYAmt |
| US Government Obligations BOY | $468,659 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $419,133 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $419,133 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $11,629,952 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,053,666 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,053,666 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,853,092 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,798,546 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,798,546 | CorporateBondsEOYFMVAmt |
| Other Assets EOY | $39,557 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $39,557 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $15,090,863 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,821,824 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $15,821,824 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $3,750 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $7,903 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $3,750 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,903 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $15,087,113 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $15,813,921 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,087,113 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,813,921 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,090,863 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,821,824 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,087,113 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$245,192 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,433,419 | OtherIncreasesAmt |
| Subtotal | $16,275,340 | SubtotalAmt |
| Other Decreases | $461,419 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $15,813,921 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Fidelity - Teledyne Tech 6830 TDY | D | 2023-10-02 | 2023-11-17 | $2,677,467 | $2,745,572 | -$68,105 | -$68,105 |
| Fidelity Accounts See attachment | P | 2023-01-01 | 2023-12-31 | $8,736,147 | $8,396,092 | $340,055 | $340,055 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $271,950 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $271,950 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,385 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,385 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,385 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,500 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $2,500 | TotalPaymentsAndCreditsAmt |
| Tax Due | $4,885 | 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 | false | 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 | CA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DE | 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 | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Individual With Books | Noble Accounting | IndividualWithBooksNm |
| Phone | 2134080508 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2780 Skypark Drive Suite 201 | AddressLine1Txt |
| City | Torrance | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90505 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| CHRISTINA SINGLETON | ||||||||
| 3019 Wilshire Blvd Ste 321 | Santa Monica | CA | 90403 | DIRECTOR PRESIDENT | 10.00 | $0 | $0 | $0 |
| CINDY YAO | ||||||||
| 3019 Wilshire Blvd Ste 321 | Santa Monica | CA | 90403 | DIRECTOR TREASURER | 15.00 | $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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Grant giving | Description1Txt |
| Expenses1 | $3,497,387 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $14,611,524 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $597,541 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $247,279 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,456,344 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,456,344 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $231,845 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,224,499 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $761,225 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $761,225 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,385 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,385 | TotalTaxAmt |
| Distributable Before Adj | $753,840 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $753,840 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $753,840 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $753,840 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,327,330 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $934,642 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,527,979 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,780,384 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $886,173 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,456,508 | TotalExcessDistributionCyovAmt |
| Excess Distri Cyov App CY Corpus | $753,840 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $753,840 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $6,702,668 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $573,490 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,129,178 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $934,642 | ExcessFromYear4Amt |
| Excess From Year3 | $2,527,979 | ExcessFromYear3Amt |
| Excess From Year2 | $1,780,384 | ExcessFromYear2Amt |
| Excess From Year1 | $886,173 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Various - see attachment | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Part XIV attachment | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | Part XV attachment | GrantOrContributionPurposeTxt |
| Amt | $3,497,387 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,497,387 | 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 |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Christina Singleton | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3019 Wilshire Blvd Ste 321 | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,747,572 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 6830 shares of stocks of Teledyne Technologies | NoncashPropertyDesc |
| Fair Market Value | $2,747,572 | FairMarketValueAmt |
| Received | 2023-10-02 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $14,235 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Fidelity account - 668-106345 | BondNm |
| EOY Book Value | $2,798,546 | EOYBookValueAmt |
| EOYFMV | $2,798,546 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Corporate stock - attachment | $7,377,051 | $7,377,051 |
| Mutual funds - attachment | $4,676,615 | $4,676,615 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $419,133 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $419,133 | USGovtObligationsEOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Accrued interest income | $0 | $25,598 | $25,598 |
| Other receivable | $0 | $13,959 | $13,959 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PY note receivable paid off | $450,000 |
| PY excise tax not accrued | $11,419 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Filing fees | $125 | $0 | $0 | $0 |
| Office expenses | $1,661 | $0 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CY unrealized gain not on TR | $1,417,176 |
| PY accrued interest not booked | $16,243 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Low income investment fund | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $450,000 | LoanOriginalAmt |
| Balance Due | $0 | BalanceDueAmt |
| Note | 2019-11 | NoteDt |
| Loan Maturity | 2022-12 | LoanMaturityDt |
| Repayment Terms | Due on maturity | RepaymentTermsTxt |
| Interest | 2 | InterestRt |
| Security Provided Borrower | None | SecurityProvidedBorrowerTxt |
| Loan Purpose | Family eco self-sufficiency & to alleviate poverty | LoanPurposeTxt |
| Consideration FMV | $450,000 | ConsiderationFMVAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Consultant | CategoryTxt |
| Amt | $3,240 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise tax | CategoryTxt |
| Amt | $7,385 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |