MARY GRANT PRICE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: MARY GRANT PRICE FOUNDATION (EIN 38-3667390)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-09
IRS object ID: 202423149349100512
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
Gain Loss Sale Other Assets Sch
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-09T15:36:19-08:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	880398204	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	L A SALO CPA LTD	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2625 Wigwam Parkway 106	AddressLine1Txt
City	Henderson	CityNm
State Abbreviation	NV	StateAbbreviationCd
ZIP	89074	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	383667390	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MARY GRANT PRICE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MARY	BusinessNameControlTxt
Phone	2063901906	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2118 WILSHIRE BOULDEVARD 486	AddressLine1Txt
City	SANTA MONICA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90403	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMIE HAMMOND	PersonNm
Person Title	Trustee	PersonTitleTxt
Phone	2063901906	PhoneNum
Signature	2024-11-09	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	LYDIA A SALO	PreparerPersonNm
PTIN	P01243611	PTIN
Phone	7028981280	PhoneNum

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	$478,360	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$3,829	DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss	-$2,203	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$72,549	GrossSalesPriceAmt
Other Income Rev And Expnss	$1,584	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$3,210	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,725	AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$3,411	OtherProfFeesRevAndExpnssAmt
Other Expenses Rev And Expnss	$8,213	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$13,349	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$20,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$20,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$33,349	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$20,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$30,139	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$4,973	CashBOYAmt
Cash EOY	$9,016	CashEOYAmt
Cash EOYFMV	$9,016	CashEOYFMVAmt
Prepaid Expenses EOY	$7,662	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$7,662	PrepaidExpensesEOYFMVAmt
Mortgage Loans BOY	$210,652	MortgageLoansBOYAmt
Mortgage Loans EOY	$210,652	MortgageLoansEOYAmt
Mortgage Loans EOYFMV	$210,652	MortgageLoansEOYFMVAmt
Other Investments BOY	$136,355	OtherInvestmentsBOYAmt
Other Investments EOY	$94,511	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$251,030	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$351,980	TotalAssetsBOYAmt
Total Assets EOY	$321,841	TotalAssetsEOYAmt
Total Assets EOYFMV	$478,360	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$351,980	RetainedEarningBOYAmt
Retained Earning EOY	$321,841	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$351,980	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$321,841	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$351,980	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$321,841	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$351,980	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$30,139	ExcessRevenueOverExpensesAmt
Subtotal	$321,841	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$321,841	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Tax Due	$0	TaxDueAmt
Applied To ES Tax	$0	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	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
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	JAMIEH@WEST175.COM	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	JAMIE HAMMOND	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2063901906	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	8255 S LAS VEGAS BLVD 1505	AddressLine1Txt
City	LAS VEGAS	CityNm
State Abbreviation	NV	StateAbbreviationCd
ZIP	89123	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
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	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

Field	Value	IRS element (for citing)
Person	JAMIE HAMMOND	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8255 S LAS VEGAS BLVD 1505	AddressLine1Txt
City	LAS VEGAS	CityNm
State Abbreviation	NV	StateAbbreviationCd
ZIP	89123	ZIPCd

Field	Value	IRS element (for citing)
Title	Trustee	TitleTxt
Average Hrs Per Wk Devoted To Pos	0.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$5,578	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$470,698	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$476,276	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$476,276	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$7,144	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$469,132	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$23,457	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$23,457	MinimumInvestmentReturnAmt
Distributable Before Adj	$23,457	DistributableBeforeAdjAmt
Distributable Before Ded	$23,457	DistributableBeforeDedAmt
Distributable As Adjusted	$23,457	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$20,000	ExpensesAndContributionsAmt
Qualifying Distributions	$20,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$23,457	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$663	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$23	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$686	TotalExcessDistributionCyovAmt
Qualifying Distributions	$20,000	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$20,000	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$686	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$686	ExcessDistributionCyovAppCYAmt
Undistributed Income CY	$2,771	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	JAMIE HAMMOND	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2118 WILSHIRE BLVD 486	AddressLine1Txt
City	SANTA MONICA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90409	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	2063901906	RecipientPhoneNum
Recipient Email Address	JAMIEH@WEST175.COM	RecipientEmailAddressTxt
Form And Info And Materials	WRITTEN APPLICATIONS FOR GRANTS THAT IDENTIFY WORK THAT MEETS THE MISSION OF THIS FOUNDATION	FormAndInfoAndMaterialsTxt
Submission Deadlines	SEPTEMBER 30	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CHESTNUT HILL BENEVOLENT ASSOCIATIO
910 BOYLSTON ST	CHESTNUT HILL	MA	02467	NOT APPLICABLE	PC	CHRISTIAN SCIENCE NURSING CARE AND EDUCATION.	$10,000
SUNLAND HOME FOUNDATIOIN
691 SPARTA DR	ENCINITAS	CA	92024	NOT APPLICABLE	PC	CHRISTIAN SCIENCE NURSING CARE AND EDUCATION.	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$20,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,829	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	15	ExclusionCd
Exclusion	$1,584	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$2,203	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$3,210	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,210	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	$1,725	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (9 entries)

AssetAssetDesc	AcquiredAcquiredDt	How AcquiredHowAcquiredTxt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	BasisBasisAmt	Basis MethodBasisMethodTxt	Total NetTotalNetAmt
VANGUARD MID-CAP VAL IDX	2022-05	Purchase	2023-02	$11,678	$11,217	Cost	$461
ISHARES INTL SELECT DIVIDEND ETF	2023-01	Purchase	2023-06	$6,826	$6,984	Cost	-$158
SPDR PORTFOLIO S&P 400 MID CAP ETF	2023-02	Purchase	2023-08	$11,513	$11,673	Cost	-$160
VANGUARD INTERNATIONAL DIVIDEND APPRECIA	2022-05	Purchase	2023-01	$13,990	$14,262	Cost	-$272
LVMH MOET HENNESSY ADR	2023-08	Purchase	2023-11	$5,353	$6,408	Cost	-$1,055
MFS INTL INTRINSIC VALUE FUND	2022-12	Purchase	2023-08	$1,649	$1,465	Cost	$184
VANGUARD MALVERN FDS SHORT-TERM INFLATIO	2022-05	Purchase	2023-09	$9,452	$10,137	Cost	-$685
MFS INTL INTRINSIC VALUE FUND	2015-03	Purchase	2023-08	$12,047	$12,593	Cost	-$546
SEMPRA - CASH IN LIEU	2006-05	Purchase	2023-08	$41	$13	Cost	$28

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK CHARGES	$31
CA FRANCHISE FEES AND REGISTRATION	$75
FOREIGN TAX PAID	$50
MAILING AND MISC FEES	$450
OFFICE SUPPLIES AND EXPENSES	$309
POSTAGE	$213
PRIOR YEAR TAX PREP FEES	$4,560
TAX PREPARATION FEES	$2,525

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Other Investment Income	Desc
Revenue And Expenses Per Books	$1,584	RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	ADVISORY FEES - MERRIL LYNCH	CategoryTxt
Amt	$3,411	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt