JBJ FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- JBJ FOUNDATION INC (EIN 65-1001949)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2025-05-01
- IRS object ID
- 202511219349101651
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-01T14:35:13-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
| Disaster Relief | FEMA DR-4834-FL MILTON | DisasterReliefTxt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALVAREZ & MARSAL TAX LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 BRICKELL AVENUE SUITE 2950 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33131 | 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 | 651001949 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JBJ FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O CARISSA TEPOVICH | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JBJ FOUNDATION INC | InCareOfNm |
| Business Name Control | JBJF | BusinessNameControlTxt |
| Phone | 7865835713 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4425 PONCE DE LEON BLVD 4TH FLOOR | AddressLine1Txt |
| City | CORAL GABLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33146 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID ERTEL | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 3058548880 | PhoneNum |
| Signature | 2025-04-30 | 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 | SEAN MENENDEZ | PreparerPersonNm |
| PTIN | P00282936 | PTIN |
| Phone | 3057046700 | PhoneNum |
| Preparation | 2025-04-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $152,905,549 | 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 | $25,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $4,015,813 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,015,813 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $4,015,813 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $2,791,523 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,791,523 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $2,791,523 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $135,571 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,135,571 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $135,571 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $115,471 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $205,784 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $205,784 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $205,784 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $32,148,691 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,148,691 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $7,128,591 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $366,334 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $366,334 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $51,625 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $51,625 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $36,477 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $36,477 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $96,275 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $96,275 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $56,789 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $38,570 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $18,219 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $582 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Adj Net Incm | $582 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $3,535 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $3,535 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $4,674 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,674 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $885,692 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $584,595 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $291,971 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,127 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,501,983 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $584,595 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $331,123 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $586,266 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $11,985,075 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,985,075 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $13,487,058 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $584,595 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $331,123 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,571,341 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $18,661,633 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,564,096 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $6,797,468 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $12,342,287 | CashBOYAmt |
| Cash EOY | $20,637,261 | CashEOYAmt |
| Cash EOYFMV | $20,637,261 | CashEOYFMVAmt |
| Acct Rcvbl | $10,125 | AcctRcvblAmt |
| Acct Rcvbl BOY | $10,797 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $10,125 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $10,125 | AcctRcvblEOYFMVAmt |
| US Government Obligations BOY | $27,820,047 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,316,517 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,323,527 | USGovtObligationsEOYFMVAmt |
| Corporate Bonds BOY | $42,911,119 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $37,274,730 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $37,353,368 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $45,311,945 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $71,208,123 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $72,573,900 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $7,217 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,179 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $1,620 | LandBOYAmt |
| Land EOY | $1,038 | LandEOYAmt |
| Land EOYFMV | $1,038 | LandEOYFMVAmt |
| Other Assets BOY | $6,330 | OtherAssetsBOYAmt |
| Other Assets EOY | $20,006,330 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $20,006,330 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $128,404,145 | TotalAssetsBOYAmt |
| Total Assets EOY | $151,454,124 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $152,905,549 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $48,273 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $130,000 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $25,183 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $525,153 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $73,456 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $655,153 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $128,330,689 | RetainedEarningBOYAmt |
| Retained Earning EOY | $150,798,971 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $128,330,689 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $150,798,971 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $128,404,145 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $151,454,124 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $128,330,689 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $18,661,633 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,807,320 | OtherIncreasesAmt |
| Subtotal | $150,799,642 | SubtotalAmt |
| Other Decreases | $671 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $150,798,971 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | JPM #7005 LT NONCOVERED | PropertyDesc |
| Acquired | 2022-09-15 | AcquiredDt |
| Sold | 2023-08-23 | SoldDt |
| Gross Sales Price | $5,000,000 | GrossSalesPriceAmt |
| Cost Or Other Basis | $5,000,000 | CostOrOtherBasisAmt |
| Gain Or Loss | $0 | GainOrLossAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $135,571 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $115,471 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $91,241 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $91,241 | SubtotalAmt |
| Tax Based On Investment Income | $91,241 | TaxBasedOnInvestmentIncomeAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $85,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $85,000 | TotalPaymentsAndCreditsAmt |
| Tax Due | $6,241 | 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 | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | false | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JBJ FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7865835713 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4425 PONCE DE LEON BLVD 4TH FLOOR | AddressLine1Txt |
| City | CORAL GABLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33146 | 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| DAVID ERTEL | ||||||||
| 4425 PONCE DE LEON BLVD 4TH FLOOR | CORAL GABLES | FL | 33146 | DIRECTOR | 10.0 | $0 | $0 | $0 |
| BETH ERTEL | ||||||||
| 4425 PONCE DE LEON BLVD 4TH FLOOR | CORAL GABLES | FL | 33146 | DIRECTOR | 10.0 | $0 | $0 | $0 |
| MICHAEL K PARK | ||||||||
| PERSONAL INFO AVAIL UPON REQUEST | CORAL GABLES | FL | 33146 | OFFICER | 40.0 | $0 | $0 | $0 |
| CARISSA TEPOVICH | ||||||||
| PERSONAL INFO AVAIL UPON REQUEST | CORAL GABLES | FL | 33146 | OFFICER | 10.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Service TypeServiceTypeTxt | CompensationCompensationAmt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|
| AFRICA HR SOLUTIONS LTD | |||||||||
| 6TH FLR DIAS PIER BUILDING LE CAU | PORT LOUIS | MP | 11307 | PROFESSIONAL SVCS | $126,052 | ||||
| MC SAATCHI SSK | |||||||||
| PROFESSIONAL SVCS | $100,000 | 88 PINE STREET 30TH FLOOR | NEW YORK | NY | 10005 | ||||
| VELOCITY GLOBAL | |||||||||
| PROFESSIONAL SVCS | $388,735 | 1701 PLATTE ST SUITE 210 | DENVER | CO | 80202 | ||||
| ALVAREZ & MARSAL TAX LLC | |||||||||
| PROFESSIONAL SVCS | $96,275 | 600 BRICKELL AVENUE SUITE 2950 | MIAMI | FL | 33131 | ||||
| MERCER INV | |||||||||
| PROFESSIONAL SVCS | $89,302 | 3560 LENOX ROAD SUITE 2400 | ATLANTA | GA | 30326 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 1 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | IMAGINE WORLDWIDE: FUNDED DELIVERY OF SOLAR POWER, TABLETS AND SOFTWARE TO IMPROVE LITERACY AND NUMERACY AMONG EARLY PRIMARY STUDENTS IN MALAWI PUBLIC SCHOOLS. | Description1Txt |
| Expenses1 | $10,017,911 | Expenses1Amt |
| Description2 | CATHLIC RELIEF SERVICES: FUNDED DELIVERY OF TREATMENT FOR MODERATE ACUTE MALNUTRITION IN SOUTHERN MALAWI AS PART OF A NATIONAL RESPONSE TO CYCLONE FREDDY. | Description2Txt |
| Expenses2 | $488,511 | Expenses2Amt |
| Description3 | MAIKHANDA: FUNDED DELIVERY OF HEALTH SERVICES TO UNDERSERVED WOMEN OF CHILD BEARING AGE AND CHILDREN UNDER FIVE YEARS OLD BALAKA DISTRICT. | Description3Txt |
| Expenses3 | $212,600 | Expenses3Amt |
| Description4 | UNIV OF PENN: FUNDED A SCHOLARSHIP FOR MALAWIAN STUDENTS TO STUDY AT THE GRADUATE SCHOOL OF EDUCATION AND FOR STUDENTS OF THE INTL DEV PROGRAM TO ENGAGE IN AN INTERNSHIP IN MALAWI | Description4Txt |
| Expenses4 | $166,500 | Expenses4Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,171,591 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $131,817,036 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $134,988,627 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $134,988,627 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,024,829 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $132,963,798 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,648,190 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,571,341 | 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 | $12,571,341 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2000-10-13 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,648,190 | CurrentYearAmt |
| Year1 | $2,006,942 | Year1Amt |
| Year2 | $180,217 | Year2Amt |
| Year3 | $148,349 | Year3Amt |
| Total | $8,983,698 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,650,962 | CurrentYearAmt |
| Year1 | $1,705,901 | Year1Amt |
| Year2 | $153,184 | Year2Amt |
| Year3 | $126,097 | Year3Amt |
| Total | $7,636,144 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $12,571,341 | CurrentYearAmt |
| Year1 | $2,156,199 | Year1Amt |
| Year2 | $2,280,180 | Year2Amt |
| Year3 | $1,578,795 | Year3Amt |
| Total | $18,586,515 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $12,571,341 | CurrentYearAmt |
| Year1 | $2,156,199 | Year1Amt |
| Year2 | $2,280,180 | Year2Amt |
| Year3 | $1,578,795 | Year3Amt |
| Total | $18,586,515 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,432,127 | CurrentYearAmt |
| Year1 | $4,986,817 | Year1Amt |
| Year2 | $1,112,105 | Year2Amt |
| Year3 | $581,045 | Year3Amt |
| Total | $11,112,094 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DAVID ERTEL | ContributingManagerNm |
| Contributing Manager | BETH ERTEL | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT B | BusinessNameLine1Txt |
Recipient Foreign Address RecipientForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| Province Or State | VARIOUS | ProvinceOrStateNm |
| Country | MI | CountryCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | SEE STATEMENT B | GrantOrContributionPurposeTxt |
| Amt | $11,985,075 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,985,075 | 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 | $4,015,813 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,189,084 | 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 | $135,571 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME FROM PASS-THROUGH INVESTMENTS | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $205,784 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $7,546,252 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,546,252 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | NA | LineNumberTxt |
| Relationship Statement | NOT APPLICABLE | RelationshipStatementTxt |
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 | DAVID BETH ERTEL | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4425 PONCE DE LEON BLVD 4TH FLOOR | AddressLine1Txt |
| City | CORAL GABLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33146 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $25,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| COMPUTER EQUIPMENT | 2002-06-01 | $1,037 | $1,037 | DDB | 5 | |
| LAPTOP | 2018-07-30 | $1,358 | $1,212 | DDB | 5 | $58 |
| LAPTOP | 2019-05-31 | $1,391 | $1,126 | DDB | 5 | $106 |
| DESK | 2020-07-29 | $1,280 | $704 | DDB | 7 | $165 |
| LAPTOP | 2020-05-29 | $1,044 | $756 | DDB | 5 | $115 |
| COMPUTER EQUIPMENT | 2020-08-31 | $1,107 | $762 | DDB | 5 | $138 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | STOCKS | BondNm |
| EOY Book Value | $37,274,730 | EOYBookValueAmt |
| EOYFMV | $37,353,368 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,316,517 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,323,527 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (17 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESTMENT IN BOO V LP | $1,238,414 | $1,238,414 |
| INVESTMENT IN BOO V AIV 2 LP | $1,711,188 | $1,711,188 |
| INVESTMENT IN BOO VIA I LP | $1,598,258 | $1,598,258 |
| INVESTMENT IN BOO VI 2 LP | $1,640,281 | $1,640,281 |
| INVESTMENT IN ICG STRATEGIC EQ | $5,828,383 | $5,338,101 |
| INVESTMENT IN SWEETWATER PRIVA | $1,973,494 | $2,312,843 |
| INVESTMENT IN APOLLO ACCORD | $3,844,064 | $3,955,831 |
| INVESTMENT IN VINTAGE 2021 PRI | $1,967,914 | $2,204,082 |
| INVESTMENT IN HPS CORP LENDING | $17,360,282 | $17,455,930 |
| INVESTMENT IN BOF OFFSHORE VII | $8,166,610 | $8,166,610 |
| INVESTMENT IN BAYVIEW MSR OPP | $10,971,541 | $10,971,541 |
| INVESTMENT IN TCG OPP III | $628,676 | $885,910 |
| INVESTMENT IN TCG OPP V | $529,511 | $530,818 |
| INVESTMENT IN CRV XIX LP | $1,482,881 | $1,487,254 |
| INVESTMENT IN IIF TAX EXEMPT H | $10,000,000 | $10,810,233 |
| INVESTMENT IN PERCEPTIVE CREDI | $1,529,968 | $1,529,968 |
| INVESTMENT IN FELICIS VENTURES | $736,658 | $736,638 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| COMPUTER EQUIPMENT | $1,037 | $1,037 | |
| LAPTOP | $1,358 | $1,270 | $88 |
| LAPTOP | $1,391 | $1,232 | $159 |
| DESK | $1,280 | $869 | $411 |
| LAPTOP | $1,044 | $871 | $173 |
| COMPUTER EQUIPMENT | $1,107 | $900 | $207 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FL PREPAID COLLEGE TUITION | $6,330 | $6,330 | $6,330 |
| SHORT TERM CASH DEPOSITS | $0 | $20,000,000 | $20,000,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROUNDING ADJUSTMENT | Desc |
| Amt | $671 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK FEES | $1,745 | $1,745 | $0 | $0 |
| INSURANCE | $6,657 | $0 | $0 | $6,657 |
| INVESTMENT MANAGEMENT FEES | $92,604 | $92,604 | $0 | $0 |
| SHIPPING/POSTAGE EXPENSE | $17 | $0 | $0 | $17 |
| DUES AND FEES | $70 | $0 | $0 | $70 |
| PASSTHROUGH INV. EXPENSES | $43,682 | $43,682 | $0 | $0 |
| PASSTHROUGH OTHER DEDUCTIONS | $738,535 | $446,564 | $291,971 | $0 |
| TRAVEL | $2,078 | $0 | $0 | $2,078 |
| SUBSCRIPTIONS | $304 | $0 | $0 | $305 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME FROM INVESTMENTS | Desc |
| Revenue And Expenses Per Books | $205,784 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $205,784 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $205,784 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENTS FOR FOREIGN INCOME | Desc |
| Amt | $3,807,320 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| INVESTMENT IN PERCEPTIVE CREDIT OPPORTUNITIES OFFSHORE FUND | $25,183 | |
| INVESTMENT IN BRIGHTSTAR CAPITAL PARTNERS FUND III-A | $0 | $241,242 |
| INVESTMENT IN DYMON ASIA PRIVATE EQUITY FUND III LP | $0 | $192,516 |
| INVESTMENT IN ICG STRATEGIC EQUITY V | $0 | $91,395 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $18,219 | $0 | $0 | $18,219 |
| FEDERAL TAX EXPENSE | $38,570 | $0 | $38,570 | $0 |