THE SCHELLMAN FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE SCHELLMAN FAMILY FOUNDATION (EIN 87-2739681)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-09-06
- IRS object ID
- 202322499349100712
- Schema version
- 2022v5.0
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-06T15:55:58-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 872739681 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Schellman Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | SCHE | 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 | Christopher Schellman | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-09-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Christopher | PersonFirstNm |
| Person Last | Schellman | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $26,314,519 | 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 | $4,049 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,049 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $704,387 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $704,387 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$3,237,838 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $42,543,436 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,369,138 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | -$2,529,402 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,077,574 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $67,613 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $67,613 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $89,181 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $981 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $58,649 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $75 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $58,574 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $215,443 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $68,669 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $58,574 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $250,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $250,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $465,443 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $68,669 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $308,574 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,994,845 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,008,905 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $11,077,260 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $477,998 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $477,998 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $19,062,224 | CorporateStockBOYAmt |
| Corporate Stock EOY | $26,666,641 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,836,521 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $30,139,484 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,144,639 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $26,314,519 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $30,139,484 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,144,639 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $30,139,484 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,144,639 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $30,139,484 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $27,144,639 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $30,139,484 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,994,845 | ExcessRevenueOverExpensesAmt |
| Subtotal | $27,144,639 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $27,144,639 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $42,543,436 | GrossSalesPriceAmt |
| Cost Or Other Basis | $40,174,298 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,369,138 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,369,138 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,369,138 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $41,824 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $41,824 | SubtotalAmt |
| Tax Based On Investment Income | $41,824 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $87,701 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $87,701 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $32 | EsPenaltyAmt |
| Overpayment | $45,845 | OverpaymentAmt |
| Applied To ES Tax | $42,000 | AppliedToESTaxAmt |
| Refund | $3,845 | RefundAmt |
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 | 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 |
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 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Christopher L Schellman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Lauren Gonzmart Schellman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Northwestern Mutual | |||||
| 720 E WISCONSIN AVENUE | MILWAUKEE | WI | 532024797 | Investment MGMT | $67,613 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $58,549 |
| 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 | $26,800,251 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $957,287 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,757,538 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $27,757,538 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $416,363 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,341,175 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,367,059 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,367,059 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $41,824 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $41,824 | TotalTaxAmt |
| Distributable Before Adj | $1,325,235 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,325,235 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,325,235 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $308,574 | 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 | $308,574 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,325,235 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $136,426 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Qualifying Distributions | $308,574 | QualifyingDistributionsAmt |
| Applied To Year1 | $136,426 | AppliedToYear1Amt |
| Applied To Current Year | $172,148 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,153,087 | 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 | Christopher L Schellman | ContributingManagerNm |
| Contributing Manager | Lauren Gonzmart Schellman | ContributingManagerNm |
| 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 | KNIGHTS OF COLUMBUS CHARITABLE FUND INC | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 COLUMBUS PLZ 19 FL | AddressLine1Txt |
| City | NEW HAVEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06510 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | General & Unrestricted | GrantOrContributionPurposeTxt |
| Amt | $250,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $250,000 | 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 | $4,049 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $704,387 | 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 | -$3,237,838 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$2,529,402 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$2,529,402 | 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 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (63 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABS | $232,249 | $201,135 |
| ACCENTURE PLC | $205,867 | $152,099 |
| ADOBE SYSTEMS, INC | $317,893 | $157,833 |
| ALPHABET INC CL A | $146,722 | $89,995 |
| ALPHABET INC CL C | $282,921 | $173,911 |
| AMAZON COM | $267,785 | $127,680 |
| AMERICAN CENTURY 395 STOXX U S | $499,369 | $521,731 |
| AMERICAN FUNDS STRATEGIC BOND | $725,594 | $681,782 |
| AMERICAN HIGH INCOME TR, CLASS | $708,977 | $699,741 |
| AMERISOURCEBERGEN CORP | $89,361 | $122,128 |
| APPLE INC | $328,744 | $261,289 |
| BANK OF AMERICA CORP | $87,084 | $67,962 |
| BERKSHIRE HATHAWAY INC. CLASS | $210,538 | $224,570 |
| BLACKROCK STRAT INC OPP PORTFO | $920,321 | $887,673 |
| BLACKROCK SYSTEMATIC MULTI STR | $829,759 | $771,780 |
| BLACKROCK TOTAL RETURN FUND IN | $402,471 | $401,288 |
| BROADCOM INC | $47,690 | $46,967 |
| CAMBRIA ETF TR SHAREHOLDER YIE | $302,595 | $298,033 |
| CAPITAL GROUP GROWTH ETF | $346,988 | $324,763 |
| CAPITAL GROUP INTERNATIONAL FO | $730,152 | $723,697 |
| CHEVRON CORP | $118,148 | $185,413 |
| CISCO SYSTEMS INC | $76,313 | $69,745 |
| CVS CAREMARK CORP | $130,080 | $132,143 |
| ETF SPDR SERIES TRUST | $897,916 | $674,280 |
| EXXON MOBIL CORP | $64,259 | $99,932 |
| GUGGENHEIM TOTAL RETURN BOND F | $378,058 | $373,312 |
| INTEL CORP | $60,698 | $56,957 |
| INVESCO FTSE RAFI DEVELOPED MA | $1,124,455 | $1,287,242 |
| ISHARES CORE MSCI EAFE ETF | $1,000,489 | $1,104,342 |
| ISHARES CORE MSCI EMERGING MAR | $199,863 | $216,968 |
| ISHARES GOLD TR | $557,349 | $556,691 |
| ISHARES MSCI GRW IDX | $775,103 | $881,323 |
| ISHARES RUSSELL 2000 GROWTH IN | $819,849 | $824,829 |
| ISHARES RUSSELL MIDCAP G IN FD | $1,023,699 | $1,040,904 |
| ISHARES S&P MIDCAP 400 BARRA V | $781,451 | $791,885 |
| ISHARES TRUST RUSSELL 2000 VAL | $251,922 | $243,782 |
| JOHNSON & JOHNSON | $168,757 | $185,836 |
| JP MORGAN CHASE | $107,327 | $96,686 |
| LOWES COMPANIES INC | $158,827 | $126,916 |
| MASTERCARD INC | $191,708 | $209,681 |
| MATTHEWS PACIFIC TIGER FUND I | $268,882 | $239,999 |
| MICROSOFT CORP | $420,368 | $302,173 |
| NEW WORLD FUND, INC (F2) | $281,503 | $241,383 |
| NVIDIA CORP | $154,089 | $70,147 |
| OCCIDENTAL PETROLEUM CORP | $50,269 | $44,660 |
| OWL ROCK CORE INCOME CORP COM | $2,000,049 | $1,942,183 |
| PACER LUNT LARGE CAP ALTERNATO | $55,337 | $57,494 |
| PACER US CASH COWS 100 ETF | $781,873 | $752,950 |
| PRINCIPAL INV FD, HIGH YIELD F | $708,540 | $705,706 |
| PROCTER GAMBLE CO | $65,600 | $67,293 |
| SALESFORCE.COM | $207,416 | $95,597 |
| SCHWAB FUNDAMENTAL INTL LARGE | $454,605 | $448,608 |
| SCHWAB US DIVIDEND EQUITY ETF | $749,279 | $834,566 |
| THE COCA-COLA CO | $72,468 | $84,792 |
| UNITEDHEALTH GROUP INC | $301,218 | $358,402 |
| US BANCORP | $104,892 | $80,242 |
| VANECK CM COMMODITY INDEX FUND | $646,045 | $590,835 |
| VANGUARD FTSE ALL-WORLD EX-US | $574,472 | $638,182 |
| VANGUARD GROWTH ETF | $473,114 | $473,744 |
| VANGUARD SHORT-TERM BOND INDEX | $948,030 | $898,408 |
| VANGUARD VALUE ETF | $499,134 | $554,462 |
| VISA INC | $189,302 | $201,735 |
| WALT DISNEY HOLDINGS CO | $90,805 | $58,036 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $58,549 | $58,549 | |
| Bank Charges | $75 | $75 | |
| State or Local Filing Fees | $25 | $25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $67,613 | Amt |
| Net Investment Income | $67,613 | NetInvestmentIncomeAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The Foundation's administrator initially mailed a request to update the Foundation's name in the Internal Revenue Service's (the "Service") database in advance of the quarterly estimated tax deadlines. Due to the IRS' backlog and through no fault of the Foundation, the name change request was not processed timely which prevented the Foundation from being able to enroll in EFTPS to make quarterly payments. Once the name was updated on the account by the Service, the Foundation submitted its required payments. Form 2220 was prepared as if the name change had been acknowledged and reports the quarterly estimated tax payments as made timely by the original due dates of such payments. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. We respectfully request that no underpayment penalties of quarterly estimated taxes be assessed in connection with such payments. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2022 | $87,700 | |
| 990-PF Extension for 2021 | $500 | |
| Foreign Tax Paid | $981 | $981 |