THE MONARCH CHARITABLE FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE MONARCH CHARITABLE FOUNDATION (EIN 82-4278252)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202423189349102057
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Loans From Officers Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-13T12:19:55-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 824278252 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Monarch Charitable Foundation | BusinessNameLine1Txt |
| Business Name Line2 | aka The Monarch Foundation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | LIEB | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Holly Fogle | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-11-12 | 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 | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | 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 | $112,607,670 | 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 | $39,998,118 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $45,092 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $45,092 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $403,460 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $403,460 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $142,524 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $29,650,392 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $24,617,242 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$227,197 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $128,927 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $40,361,997 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $25,194,721 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $493,408 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $493,408 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $102,807 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $102,807 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,521 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,521 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $182,722 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $182,722 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $340,200 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $129,258 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $38,451 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $38,451 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $36,386 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $36,386 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $146 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $146 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,015,285 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $846,283 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $96,094 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,345,184 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $846,283 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $956,535 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $92,725 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $92,725 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,437,909 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $846,283 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,049,260 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $37,924,088 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $24,348,438 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $636,635 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $307,009 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $307,009 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $3,844,790 | CorporateStockBOYAmt |
| Corporate Stock EOY | $28,608,050 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $27,068,156 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $56,211,875 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $66,339,120 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $76,708,656 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $8,541,899 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $129,258 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $5,046,038 | LandBOYAmt |
| Land EOY | $8,412,641 | LandEOYAmt |
| Land EOYFMV | $8,523,849 | LandEOYFMVAmt |
| Total Assets BOY | $65,739,338 | TotalAssetsBOYAmt |
| Total Assets EOY | $103,666,820 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $112,607,670 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $3,394 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,394 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $65,739,338 | RetainedEarningBOYAmt |
| Retained Earning EOY | $103,663,426 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $65,739,338 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $103,663,426 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $65,739,338 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $103,666,820 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $65,739,338 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $37,924,088 | ExcessRevenueOverExpensesAmt |
| Subtotal | $103,663,426 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $103,663,426 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly-traded Securities | $29,650,392 | $4,674,055 | $24,976,337 | $24,976,337 |
| Passthrough K1 Capital Gain/(Loss) | -$359,095 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $24,617,242 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $338,443 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $338,443 | SubtotalAmt |
| Tax Based On Investment Income | $338,443 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $408,149 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $408,149 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $3 | EsPenaltyAmt |
| Overpayment | $69,703 | OverpaymentAmt |
| Applied To ES Tax | $69,703 | 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 |
| Org Report Or Register State | NY | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 WALLS DRIVE FL 3 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | 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 | 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 | 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 |
|---|---|---|---|---|---|---|---|---|
| Holly Fogle | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Jeffrey Lieberman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| NOA SAINT-MARC | ||||||||
| 517 GRAND ST | BROOKLYN | NY | 11211 | CHIEF OF STAFF | 30.0 | $108,409 | $14,301 | $0 |
| MEGHA AGARWAL | ||||||||
| 35 HAVEMEYER ST | BROOKLYN | NY | 11211 | Executive Director | 50.0 | $188,802 | $18,709 | $0 |
| CAROLINE NOBLE | ||||||||
| 329 16TH ST | BROOKLYN | NY | 11215 | DIRECTOR | 50.0 | $110,700 | $4,385 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| New Venture Fund | |||||
| 1828 L Street NW Suite 300-A | Washington | DC | 20036 | Philanthropic | $149,989 |
| Paul Davis New York Inc | |||||
| 47 Orchard Street | New York | NY | 10002 | Interior Design | $123,645 |
| David Bucovy Architect PLLC | |||||
| 334 East 7th Street Brooklyn | NEW YORK | NY | 11218 | ARCHITECTURAL | $94,326 |
| Foundation Source | |||||
| 55 Walls Drive 3rd fl | FAIRFIELD | NY | 06824 | administrative | $56,105 |
| 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 | $11,476,323 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $478,073 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $76,708,656 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $88,663,052 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $88,663,052 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,329,946 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $87,333,106 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,366,655 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,366,655 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $338,443 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $338,443 | TotalTaxAmt |
| Distributable Before Adj | $4,028,212 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,028,212 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,028,212 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,049,260 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $3,495,861 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,545,121 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,028,212 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $81,616 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $3,944,406 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,026,022 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,545,121 | QualifyingDistributionsAmt |
| Applied To Current Year | $4,028,212 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $516,909 | RemainingDistriFromCorpusAmt |
| Total Corpus | $4,542,931 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $4,542,931 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $81,616 | ExcessFromYear3Amt |
| Excess From Year1 | $3,944,406 | ExcessFromYear1Amt |
| Excess From Current Year | $516,909 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Holly Fogle | ContributingManagerNm |
| Contributing Manager | Jeffrey Lieberman | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIDGE PROJECT INC | ||||||||||||
| 515 CANAL ST 1C | NEW YORK | NY | 10013 | N/A | PC | Updates to website fund | $125 | |||||
| BRIDGE PROJECT INC | ||||||||||||
| 515 CANAL ST 1C | NEW YORK | NY | 10013 | N/A | PC | Three months of website hosting fund and updates to website fund | $175 | |||||
| BRIDGE PROJECT INC | ||||||||||||
| 515 CANAL ST 1C | NEW YORK | NY | 10013 | N/A | PC | General & Unrestricted | $3,544 | |||||
| BRIDGE PROJECT INC | ||||||||||||
| 515 CANAL ST 1C | NEW YORK | NY | 10013 | N/A | PC | Three months of website hosting fund | $75 | |||||
| BRONX IS BLOOMING | ||||||||||||
| 1020 GRAND CONCOURSE APT 15C | BRONX | NY | 10451 | N/A | PC | To support the costs of the recent planting: PLACE Groups (full day), Place Groups (half day), supplies (mulch) | $12,371 | |||||
| ICC FOUNDATION FONDATION ICC | ||||||||||||
| N/A | PC | general & unrestricted | $15,000 | 75 ALBERT ST STE 1001 | OTTAWA | Ontario | CA | K1P 5E7 | ||||
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | ||||||||||||
| 2929 WALNUT ST STE 300 | PHILADELPHIA | PA | 19104 | N/A | PC | for randomized controlled trial design and evaluation for The Bridge Project | $61,435 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $92,725 | 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 | $45,092 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $403,460 | 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 | $142,524 | 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 (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | -$356,124 | 14 | $101,684 |
| BUOYANT VENTURES FUND I - FEE REFUND | 01 | $27,243 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$356,124 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $720,003 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $363,879 | 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 |
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 | Lieberman Jeffrey | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 481 Greenwich Street Apt 5C | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $39,998,118 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (5 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | DCT INDUSTRIAL TRUST INC DCT, 49831 sh. | $943,550 | 2023-03-01 |
| 1 | MONDAY.COM LTD MNDY, 45515 sh. | $8,279,634 | 2023-06-16 |
| 1 | HELLOFRESH HLFFF, 136262 sh. | $4,299,066 | 2023-09-14 |
| 1 | MONDAY.COM LTD MNDY, 64754 sh. | $10,023,757 | 2023-09-28 |
| 1 | MONDAY.COM LTD MNDY, 28034 sh. | $5,352,111 | 2023-12-27 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Prior Year DepreciationPriorYearDepreciationAmt |
|---|---|---|---|---|---|---|---|
| ALARM SYSTEM - 479 | 2023-11-02 | $47,631 | SL | 5 | $1,588 | $0 | |
| CONDO-479GREENWICH | 2023-01-01 | $4,337,117 | SL | 39 | $111,208 | $0 | $0 |
| CONDO IMP - 479 GR | 2023-11-30 | $227,019 | SL | 39 | $485 | $0 | $0 |
| OFFICE FURNITURE | 2023-11-02 | $275,984 | SL | 5 | $9,199 | $0 | |
| CONDO IMP - 479 GR | 2023-11-30 | $3,172,246 | SL | 39 | $6,778 | $0 | |
| LAND-479 GREENWICH | $481,902 | L | $0 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| Forms 8865 | Forms 8865 | The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. |
| Forms 926 | Forms 926 | The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALTERYX INC | $3,406,726 | $2,274,527 |
| DOCUSIGN INC | $434,821 | $89,948 |
| JFROG | $109 | $18,620 |
| MONDAY.COM LTD | $4,292,922 | $4,252,957 |
| UDEMY, INC. | $1,090 | $1,606 |
| WISDOMTREE FLOATING RATE TREAS | $20,472,382 | $20,430,498 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ACRE VENTURE PARTNERS III, LP | $612,467 | $614,891 |
| ACTIVATE CAPITAL PARTNERS 2 LP | $3,635,045 | $3,964,783 |
| AGFUNDER FUND IV, L.P | $1,376,218 | $1,349,556 |
| AVESTA FUND I LP | $393,610 | $407,661 |
| BUOYANT VENTURES FUND I | $134,421 | $124,886 |
| CLEAN ENERGY VENTURE FUND II, | $439,623 | $436,534 |
| CLOSED LOOP VENTURE FD II LP | $400,659 | $344,062 |
| FIFTH WALL CLIMATE TECHNOLOGY | $1,782,680 | $1,734,483 |
| GROUNDFORCE GROWTH I LP (FKA P | $1,856,078 | $2,133,897 |
| INSIGHT PARTNERS FUND XI FOLLO | $2,161,247 | $2,388,382 |
| INSIGHT PARTNERS XI, L.P | $9,128,956 | $15,690,983 |
| INSIGHT PARTNERS XII BUYOUT AN | $8,250,679 | $10,780,027 |
| INSIGHT PARTNERS XII, L.P | $34,795,438 | $35,237,420 |
| POWERHOUSE VENTURES FUND II LP | $508,515 | $525,693 |
| STARLIGHT VENTURES FUND II, LP | $497,380 | $543,689 |
| THE ENGINE FUND II, L.P. | $366,104 | $431,709 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| ALARM SYSTEM - 479 | $47,631 | $1,588 | $46,043 | $46,043 |
| CONDO-479GREENWICH | $4,337,117 | $111,208 | $4,225,909 | $4,337,117 |
| CONDO IMP - 479 GR | $227,019 | $485 | $226,534 | $226,534 |
| OFFICE FURNITURE | $275,984 | $9,199 | $266,785 | $266,785 |
| CONDO IMP - 479 GR | $3,172,246 | $6,778 | $3,165,468 | $3,165,468 |
| LAND-479 GREENWICH | $481,902 | $0 | $481,902 | $481,902 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Document Review/Drafting | CategoryTxt |
| Legal Fees | $6,521 | LegalFeesAmt |
| Disbursements Charitable Prps | $6,521 | DisbursementsCharitablePrpsAmt |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lender Person | MEGHA AGARWAL EXECUTIVE DIRECTOR | LenderPersonNm |
| Loan Original | $3,394 | LoanOriginalAmt |
| Balance Due | $3,394 | BalanceDueAmt |
| Note | 2023-07 | NoteDt |
| Loan Maturity | 2024-02 | LoanMaturityDt |
| Repayment Terms | PRINCIPAL ON MATURITY | RepaymentTermsTxt |
| Interest | 0. | InterestRt |
| Security Provided Borrower | NONE | SecurityProvidedBorrowerTxt |
| Loan Purpose | TO MAKE GRANTS ON BEHALF OF FOUNDATION | LoanPurposeTxt |
| Lender Consideration | CASH - $3,394 | LenderConsiderationDesc |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (28 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $56,009 | $56,009 | |
| Computers/Electronic Devices | $4,606 | $4,606 | |
| Digital Subscriptions | $155 | $155 | |
| Equipment Maintenance | $5,402 | $5,402 | |
| Equipment/Furniture Purchase | $3,573 | $3,573 | |
| Foundation Dues & Memberships | $22,900 | $10,400 | $12,500 |
| Insurance Premiums | $7,826 | $7,826 | |
| K-1 Exp ACRE VENTURE PARTNERS | $73,849 | $73,849 | |
| K-1 Exp ACTIVATE CAPITAL PARTN | $93,586 | $93,586 | |
| K-1 Exp AGFUNDER FUND IV, L.P | $80,784 | $80,784 | |
| K-1 Exp AVESTA FUND I LP | $23,603 | $23,603 | |
| K-1 Exp BUOYANT VENTURES FUND | $2,410 | $2,410 | |
| K-1 Exp CLEAN ENERGY VENTURE F | $80,560 | $80,560 | |
| K-1 Exp CLOSED LOOP VENTURE FD | $26,302 | $26,302 | |
| K-1 Exp FIFTH WALL CLIMATE TEC | $78,708 | $78,708 | |
| K-1 Exp GROUNDFORCE GROWTH I L | $114,312 | $114,312 | |
| K-1 Exp INSIGHT PARTNERS FUND | $33,042 | $33,042 | |
| K-1 Exp INSIGHT PARTNERS XI, L | $48,466 | $6,071 | |
| K-1 Exp INSIGHT PARTNERS XII B | $53,555 | $48,950 | |
| K-1 Exp INSIGHT PARTNERS XII, | $98,262 | $91,736 | |
| K-1 Exp POWERHOUSE VENTURES FU | $53,960 | $53,960 | |
| K-1 Exp STARLIGHT VENTURES FUN | $19,382 | ||
| K-1 Exp THE ENGINE FUND II, L. | $25,910 | $25,910 | |
| Office Supplies | $3,930 | $3,930 | |
| Postage/Delivery Service | $121 | $121 | |
| State or Local Filing Fees | $1,575 | $1,575 | |
| TRAINING & PROF DEVELOPMENT | $44 | $44 | |
| Website Hosting/Support | $2,453 | $2,453 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss ACTIVATE CAPITAL PARTNERS 2 LP | $25,773 | $25,773 |
| K-1 Inc/Loss AGFUNDER FUND IV, L.P | $5,909 | $5,909 |
| K-1 Inc/Loss AVESTA FUND I LP | $2,805 | $2,805 |
| K-1 Inc/Loss BUOYANT VENTURES FUND I | $740 | $740 |
| K-1 Inc/Loss CLEAN ENERGY VENTURE FUND II, LP | $1,698 | $1,698 |
| K-1 Inc/Loss CLOSED LOOP VENTURE FD II LP | $4,694 | $4,694 |
| K-1 Inc/Loss FIFTH WALL CLIMATE TECHNOLOGY FUND, | $6,541 | $6,541 |
| K-1 Inc/Loss GROUNDFORCE GROWTH I LP (FKA POWERPL | $3,866 | $3,866 |
| K-1 Inc/Loss INSIGHT PARTNERS FUND XI FOLLOW-ON F | $8,101 | $8,101 |
| K-1 Inc/Loss INSIGHT PARTNERS XI, L.P | -$2,112 | $7,821 |
| K-1 Inc/Loss INSIGHT PARTNERS XII BUYOUT ANNEX FU | -$151,522 | $17,706 |
| K-1 Inc/Loss INSIGHT PARTNERS XII, L.P | -$165,423 | $11,813 |
| K-1 Inc/Loss POWERHOUSE VENTURES FUND II LP | $3,494 | $3,494 |
| K-1 Inc/Loss STARLIGHT VENTURES FUND II, LP | $273 | |
| K-1 Inc/Loss THE ENGINE FUND II, L.P. | $723 | $723 |
| BUOYANT VENTURES FUND I - fee refund | $27,243 | $27,243 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (7 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Employee Recruiting/Temp Agenc | $27,822 | $27,822 |
| Philanthropic Consulting Srvcs | $150,239 | $150,239 |
| PHOTOGRAPHY SERVICES | $305 | $305 |
| Website Development | $2,100 | $2,100 |
| NOTARY SERVICES | $25 | $25 |
| TRANSLATION SERVICES | $2,231 | $2,231 |
| XXX |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-PF Estimated Tax for 2023 | CategoryTxt |
| Amt | $340,200 | Amt |