THREE CAIRNS FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THREE CAIRNS FOUNDATION INC (EIN 47-5548408)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349101121
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T02:43:17-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | 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 | 475548408 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Three Cairns Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ELIZABETH B STRICKLER | InCareOfNm |
| Business Name Control | THRE | BusinessNameControlTxt |
| Phone | 2125542593 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THREE CAIRNS 712 5th Ave 47FL | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH Strickler | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2127733000 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| 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 | John D Cook | PreparerPersonNm |
| PTIN | P01450182 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $97,134,577 | 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 |
| Interest On Sav Rev And Expnss | $24,999 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24,999 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $943,828 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $943,828 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,704,435 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,801,369 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,527,906 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$3,875,572 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$2,953,522 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $797,690 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $543,211 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $19,525 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,763 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $9,762 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $100,694 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $100,694 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $32,015 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $32,015 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $20,553 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $639 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $172,787 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $142,472 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,401 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,837,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,837,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,009,787 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $142,472 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,847,401 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$7,212,097 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $400,739 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $9,357,053 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,959,198 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,959,198 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $15,307 | CorporateStockBOYAmt |
| Corporate Stock EOY | $15,307 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $447,440 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $77,115,445 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $76,301,203 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $93,727,939 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $86,487,805 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,275,708 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $97,134,577 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $86,487,805 | CapitalStockBOYAmt |
| Capital Stock EOY | $79,275,708 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $86,487,805 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $79,275,708 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $86,487,805 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $79,275,708 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $86,487,805 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$7,212,097 | ExcessRevenueOverExpensesAmt |
| Subtotal | $79,275,708 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $79,275,708 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| 1250 GAINS - 2017 FIRST LLC | P | $11,824 | $11,824 | $11,824 | |
| 1256 LOSS - THREE CAIRNS VENTURES LLC | P | -$117,021 | -$117,021 | $117,021 | |
| CAPITAL GAINS - 2017 FIRST, LLC | P | $736,300 | $736,300 | $736,300 | |
| CAPITAL LOSS - THREE CAIRNS VENTURE LLC | P | -$285,897 | -$285,897 | $285,897 | |
| PUBLICLY TRADED SECURITIES | $5,053,245 | $2,182,700 | $2,182,700 | $2,870,545 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,527,906 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,570 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $5,570 | SubtotalAmt |
| Tax Based On Investment Income | $5,570 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $124,726 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $124,726 | TotalPaymentsAndCreditsAmt |
| Overpayment | $119,156 | OverpaymentAmt |
| Applied To ES Tax | $119,156 | AppliedToESTaxAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH B STRICKLER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125542593 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O THREE CAIRNS 712 FIFTH AVE 47 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | 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 | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | false | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| ELIZABETH B STRICKLER | ||||||||
| C/O THREE CAIRNS 712 5th Ave 47FL | New York | NY | 10019 | DIRECTOR PRESIDENT/SECRETARY | 1.0 | $0 | $0 | $0 |
| MARK T GALLOGLY | ||||||||
| C/O THREE CAIRNS 712 5th Ave 47FL | New York | NY | 10019 | DIRECTOR TREASURER | 1.0 | $0 | $0 | $0 |
| BRIAN OSIAS | ||||||||
| C/O THREE CAIRNS 712 5th Ave 47FL | New York | NY | 10019 | CIO/ASST SECRETARY | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Civitas Public Affairs Group LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 409 7th Street NW Suite 350 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Consulting Service | ServiceTypeTxt |
| Compensation | $100,694 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Description2 | NONE | Description2Txt |
| Description3 | NONE | Description3Txt |
| Description4 | NONE | Description4Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Description2 | NONE | Description2Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $45,696,125 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,892,404 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $42,008,754 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $93,597,283 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $93,597,283 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,403,959 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $92,193,324 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,609,666 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,609,666 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,570 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,570 | TotalTaxAmt |
| Distributable Before Adj | $4,604,096 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,604,096 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,604,096 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,847,401 | 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 | $7,847,401 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,604,096 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,856,082 | 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 | $7,847,401 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,856,082 | AppliedToYear1Amt |
| Applied To Current Year | $3,991,319 | 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 | $612,777 | 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) |
|---|---|---|
| Contributing Manager | MARK T GALLOGLY ELIZABETH B STR | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Allied Climate Partners Inc | |||||||
| 712 5TH AVE FL 47 | New York | NY | 100194108 | N/A | PC | General Purpose | $2,500,000 |
| Activate Global Inc | |||||||
| 2600 10TH ST STE 300 | Berkeley | CA | 947103100 | N/A | PC | General Purpose | $500,000 |
| Global Carbon Market Utility Governing Council Inc | |||||||
| 712 5TH AVE FL 47TH | NEW YORK | NY | 10019 | N/A | PC | GENERAL PURPOSE | $4,837,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,837,000 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24,999 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $943,828 | 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) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,176,529 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,527,906 | 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 (6 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|---|---|
| PARTNERSHIP INCOME - | |||||
| - 2017 FIRST LLC | 01 | $262,251 | |||
| - THREE CAIRNS VENTURES LLC - UBTI | 901101 | -$839,047 | |||
| - THREE CAIRNS VENTURES LLC | 01 | -$3,215,773 | |||
| - 2017 FIRST LLC - UBTI | 901101 | -$85,323 | |||
| TAX EXEMPT INCOME | $2,320 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $252,159 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $543,211 | ExclusionAmt |
| Related Or Exempt Function Incm | $2,320 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $797,690 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $19,525 | Amt |
| Net Investment Income | $9,763 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,762 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Person | Civitas Public Affairs Group LLC | ContractorPersonNm |
| Explanation | Consulting Services on Mental Health and Homeless Care Coordination Project | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Global Carbon Market Utility Governing C | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 5TH AVE FL 47TH | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2023-11-20 | GrantDt |
| Grant | $4,837,000 | GrantAmt |
| Purpose Of Grant | supporting efforts to establish the potential role and functionality of an intermediary infrastr | PurposeOfGrantTxt |
| Expended By Grantee | $587,618 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 12/31/2023 | DatesOfReportsByGranteeTxt |
| Verification | 2023-12-31 | VerificationDt |
| Results Of Verification | THE GCMU LLC IS THE MARKET MECHANISM WHICH WILL TRACK AND MONITOR DATA BEHIND CARBON OFFSETS TO ENSURE CARBON MARKET TRANSACTIONS DELIVER CLIMATE IMPACT WITH INTEGRITY. IT DOES SO UNDER THE BASIS OF RULES AND THE MISSION SET BY THE GOVERNING COUNCIL. HOWEVER THE GLOBAL CARBON MARKET UTILITY IS STRUCTURED AN LLC SO THAT IT DOES NOT NEED TO RELY ON PHILANTHROPIC CAPITAL TO BE SELF SUSTAINING. THE INVESTMENT FROM THE GOVERNING COUNCIL WILL BE UTILIZED BY THE GLOBAL CARBON MARKET UTILITY TO KICKSTART OPERATIONS. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | APPLE INC | StockNm |
| EOY Book Value | $15,307 | EOYBookValueAmt |
| EOYFMV | $447,440 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| THREE CAIRNS VENTURES LLC | AT COST | $30,058,904 | $25,258,822 |
| 2017 FIRST, LLC | AT COST | $13,548,303 | $21,703,844 |
| ETF: | |||
| VANGUARD ESG US STOCK ETF | $18,608,258 | $29,340,011 | |
| VANGUARD ESG INTL STOCK ETF | $11,487,039 | $12,481,750 | |
| MUTUAL FUND: | |||
| VG FTSE SOCIAL INDEX INSTL CL | $2,598,699 | $4,943,512 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| NON-DEDUCTIBLE EXPENSES | $19,914 | |
| LEGAL SERVICE FEES | $639 | $639 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PARTNERSHIP INCOME: | ||
| - 2017 FIRST, LLC | $262,251 | $262,251 |
| - 2017 FIRST, LLC - UBTI | -$85,323 | |
| - Three Cairns Ventures LLC | -$3,215,773 | -$3,215,773 |
| - Three Cairns Ventures LLC - UBTI | -$839,047 | |
| Tax exempt income | $2,320 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEE | CategoryTxt |
| Amt | $100,694 | Amt |
| Net Investment Income | $100,694 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES PAID | CategoryTxt |
| Amt | $32,015 | Amt |
| Net Investment Income | $32,015 | NetInvestmentIncomeAmt |