CARMEL HILL FUND: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CARMEL HILL FUND (EIN 13-6881103)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-02
- IRS object ID
- 202322759349100002
- 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
- Accounting Fees Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-02T08:42:54-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST FIRST STREET SUITE 700 | AddressLine1Txt |
| City | DULUTH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55802 | 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 | 136881103 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CARMEL HILL FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CARM | BusinessNameControlTxt |
| Phone | 2127866320 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1325 AVENUE OF THE AMERICAS 2715 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100192701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ITAI DINOUR | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2127866320 | PhoneNum |
| Signature | 2023-09-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ITAI | PersonFirstNm |
| Person Last | DINOUR | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE BOYER | PreparerPersonNm |
| PTIN | P01278549 | PTIN |
| Phone | 2187275025 | PhoneNum |
| Preparation | 2023-09-27 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $380,852,787 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $57 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $57 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,719,374 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,719,374 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $8,581,754 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $124,870,990 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $8,838,294 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,581,734 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,525,990 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,882,919 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,083,715 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $369,959 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $369,959 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $2,495,312 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $2,495,312 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,220,761 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,220,761 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $71,252 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $71,252 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $105,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $105,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,201,685 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $881,340 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $320,345 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,633,956 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $251,144 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $435,629 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $318,227 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $318,227 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $170,911 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $127,544 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $5,486,109 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,101,629 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,369,270 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $13,073,172 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,234,113 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $9,833,299 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,605,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,605,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $23,678,172 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,234,113 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $20,438,299 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$11,795,253 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,849,602 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $162,783 | CashBOYAmt |
| Sav And Temp Cash Invst BOY | $13,293,610 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,779,100 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,779,100 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $57,993,022 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $43,509,837 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $43,597,063 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $249,046,353 | CorporateStockBOYAmt |
| Corporate Stock EOY | $260,155,237 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $233,502,668 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $93,684,002 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $89,642,956 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $89,642,956 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,331,000 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $3,331,000 | LandBOYAmt |
| Land EOY | $3,331,000 | LandEOYAmt |
| Land EOYFMV | $3,331,000 | LandEOYFMVAmt |
| Total Assets BOY | $417,510,770 | TotalAssetsBOYAmt |
| Total Assets EOY | $407,418,130 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $380,852,787 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $417,510,770 | CapitalStockBOYAmt |
| Capital Stock EOY | $407,418,130 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $417,510,770 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $407,418,130 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $417,510,770 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $407,418,130 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $417,510,770 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$11,795,253 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,702,613 | OtherIncreasesAmt |
| Subtotal | $407,418,130 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $407,418,130 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt |
|---|---|---|---|---|---|
| FROM ACACIA PARTNERS | P | $2,835,780 | -$2,835,780 | -$2,835,780 | |
| FROM ACACIA PARTNERS | P | $1,087,423 | -$1,087,423 | -$1,087,423 | |
| PUBLICLY TRADED SECURITIES | P | $112,109,493 | $8,255,311 | $8,255,311 | $120,364,804 |
| CAPITAL GAINS DIVIDENDS | P | $4,506,186 | $4,506,186 | $4,506,186 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $8,838,294 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $136,909 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $136,909 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $136,909 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $800,100 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $800,100 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $663,191 | OverpaymentAmt |
| Applied To ES Tax | $663,191 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | CARMELHILL.ORG | WebsiteAddressTxt |
| Individual With Books | ROBERT D GOLDFARB | IndividualWithBooksNm |
| Phone | 2127866320 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1325 AVENUE OF THE AMERICAS SUITE | AddressLine1Txt |
| Address Line2 | 2715 | AddressLine2Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT D GOLDFARB | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| DANIEL LYNN MOSLEY | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| ELIZABETH A RUANE | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | TRUSTEE | 2.00 | $0 | $0 | $0 |
| ARLENE FARRAND-BORGERSON | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | EXECUTIVE DIRECTOR | 40.00 | $369,959 | $77,903 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| FANON J HOWELL | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | AREA DIRECTOR CHFEP | 40.00 | $289,381 | $33,617 | $0 |
| EILEEN M MCMAHON | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | AREA DIRECTOR CHFEP | 40.00 | $169,980 | $58,529 | $0 |
| MARIA GARCIA | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | STRATEGIC INITIATIVE | 40.00 | $132,171 | $26,388 | $0 |
| ALLISON PAINICH | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | AREA DIRECTOR CHF EP | 40.00 | $134,428 | $8,929 | $0 |
| DAMARY GONZALEZ | ||||||||
| 1325 AVENUE OF AMERICAS SUITE 2715 | NEW YORK | NY | 10019 | IMPLEMENTATION & LIB | 40.00 | $102,803 | $35,815 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 22 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RUANE CUNIFF & GOLDFARB LLC | |||||
| 9 WEST 57TH STREET STE 5000 | NEW YORK | NY | 10019 | BROKER FEES | $881,340 |
| ANN HAMM- SCHOLLY MOLLY INC | |||||
| 59 WEST 126 STREET | NEW YORK | NY | 10027 | CONSULTING | $111,882 |
| RSM US LLP | |||||
| 5155 PAYSHPERE CIRCLE | CHICAGO | IL | 60674 | ACCOUNTING FEES | $105,000 |
| ELIZABETH FADER | |||||
| 240 WEST 75TH STREET APT 4B | NEW YORK | NY | 10023 | CONSULTING | $79,072 |
| PATTERSON BELKNAP | |||||
| 1133 AVENUE OF AMERICAS | NEW YORK | NY | 10036 | LEGAL FEES | $71,252 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 7 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE CARMEL HILL FUND'S EDUCATION PROGRAM OPERATES IN SCHOOLS IN THREE CITIES: 51 SCHOOLS IN NYC, 19 SCHOOLS IN MONROE, LA AND 59 SCHOOLS IN DENVER, CO REACHING A TOTAL OF OVER 35,000 STUDENTS. OUR MISSION IS TO SUPPORT PRIMARY AND SECONDARY AGED STUDENTS IN BECOMING AVID READERS. TO THIS END, WE PARTNER WITH SCHOOLS TO TRACK STUDENT READING PROGRESS AND PROFICIENCY VERSUS GRADE-LEVEL STATE STANDARDS. OUR PRINCIPAL FOCUS IS UTILIZING RENAISSANCE LEARNING'S ACCELERATED READER SOFTWARE PROGRAM. OUR STAFF CONSISTS OF 29 EMPLOYEES VISITING SCHOOLS TO ASSIST PRINCIPALS, TEACHERS AND LIBRARIANS IN THE SUCCESSFUL IMPLEMENTATION OF THE READING PROGRAM. WE ARE PROUD OF OUR IMPACT ON BOTH THE STUDENTS AND THE COMMUNITIES IN WHICH WE ARE LOCATED. | Description1Txt |
| Expenses1 | $9,876,666 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $401,866,328 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $16,854,530 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,331,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $422,051,858 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $422,051,858 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,330,778 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $415,721,080 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $20,786,054 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $20,786,054 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $136,909 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $1,277 | IncomeTaxAmt |
| Total Tax | $138,186 | TotalTaxAmt |
| Distributable Before Adj | $20,647,868 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $20,647,868 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $20,647,868 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $20,438,299 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $20,438,299 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $20,647,868 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $16,520,796 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $20,438,299 | QualifyingDistributionsAmt |
| Applied To Year1 | $16,520,796 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,917,503 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $16,730,365 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOSTON COLLEGE | |||||||
| 140 COMMONWEALTH AVENUE | CHESTNUT HILL | ME | 02467 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $25,000 |
| BRAIN & BEHAVIOR RESEARCH FOUNDATION | |||||||
| 747 THIRD AVENUE 33RD FLOOR | NEW YORK | NY | 10017 | NONE | PC | CONTRIBUTION TOWARDS SCIENTIFIC RESEARCH IN REGARD TO CHILDREN'S MENTAL HEALTH | $550,000 |
| FOOD BANK OF NEW YORK CITY | |||||||
| 39 BROADWAY 10TH FLOOR | NEW YORK | NY | 10006 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $1,000,000 |
| FOUNTAIN HOUSE | |||||||
| 425 WEST 47TH STREET | NEW YORK | NY | 10036 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $1,000,000 |
| LETS GROW KIDS | |||||||
| 19 MARBLE AVENUE SUITE 4 | BURLINGTON | VT | 05401 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $1,000,000 |
| LITERACY INC NYC | |||||||
| 5030 BROADWAY 641 | NEW YORK | NY | 10034 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $2,250,000 |
| MADISON SQUARE BOYS & GIRLS CLUB | |||||||
| 250 BRADDHURST AVENUE | NEW YORK | NY | 10039 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $275,000 |
| RUDOLF STEINER FOUNDATION | |||||||
| PO BOX 2007 | SAN FRANCISCO | CA | 94126 | NONE | PC | DONOR ADVISED FUND- PLANNED FOR GIFTS FOR DONEE'S EXEMPT PURPOSE AND CAUSE . | $500,000 |
| SAVE THE CHILDREN | |||||||
| 501 KINGS HIGHWAY EAST SUITE 400 | FAIRFIELD | CT | 06825 | NONE | PC | FOR THE DONEE'S TAX EXEMPT PURPOSE. | $2,500,000 |
| THE BETHLEHEM LAND TRUST | |||||||
| PO BOX 322 | BETHLEHEM | CT | 06751 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $1,000,000 |
| THE MOTHERLAND FUND | |||||||
| 3 COURT STREET | MIDDLEBURY | VT | 05753 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $500,000 |
| WASHINGTON SCHOLARSHIP FUND INC | |||||||
| PO BOX 243 | WASHINGTON DEPOT | CT | 06794 | NONE | PC | UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,605,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $57 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,719,374 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$256,540 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $8,838,294 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| ACACIA PARTNERS LP - UBI | 900099 | $45,078 | ||
| ACACIA PARTNERS LP | 14 | $1,428,242 | ||
| LITIGATION PROCEEDS | $97,748 | |||
| OTHER INCOME | $10,666 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$211,462 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $12,094,381 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,882,919 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $105,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $105,000 | DisbursementsCharitablePrpsAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | ACACIA PARTNERS LP - CAPITAL GAIN UBI | AssetDesc |
| How Acquired | PURCHASED | HowAcquiredTxt |
| Sold | 2022-12 | SoldDt |
| Basis | $256,540 | BasisAmt |
| Basis Method | COST | BasisMethodTxt |
| Sales Expense | $0 | SalesExpenseAmt |
| Total Net | -$256,540 | TotalNetAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (26 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SEQUOIA FUND | $178,174,741 | $146,601,517 |
| ALPHABET INC CAP STK CL C | $586,827 | $1,355,972 |
| BERKSHIRE HATHAWAY INC DEL CL A | $49,300 | $468,711 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | $46,243 | $434,622 |
| CAPITAL ONE FINANCIAL CORP. | $804,074 | $679,538 |
| CARMAX INC COM | $795,584 | $1,011,200 |
| CONSTELLATION SOFTWARE INC COM ISIN#CA21037X1006 | $320,628 | $1,304,451 |
| CREDIT ACCEP CORP MICH COM | $387,932 | $974,418 |
| ELEVANCE HEALTH INC | $751,473 | $1,130,586 |
| EUROFINS SCIENTIFICSHS ISLN#FR0000038259 | $1,220,490 | $1,391,908 |
| INTERCONTINENTAL EXCHANGE INC. | $1,797,182 | $1,883,347 |
| JACOBS ENGR GROUP INC COM | $356,480 | $825,361 |
| LIBERTY BROADBAND CORP COM SER A | $541,093 | $538,535 |
| LIBERTY BROADBAND CORP COM SER C | $94,638 | $100,448 |
| LIBERTY MEDIA CORP DEL COM SER A FORMULA ONE | $427,422 | $1,010,461 |
| LIBERTY MEDIA CORP DEL COM SER C FORMULA ONE | $518,657 | $530,720 |
| META PLATFORMS INC CL A | $1,068,702 | $971,264 |
| MICRON TECHNOLOGY INC | $1,002,248 | $643,493 |
| NETFLIX INC | $290,193 | $498,347 |
| ROLLS-ROYCE HOLDINGS PLC LONDON SHS ISIN#GB00B63H8491 | $1,016,115 | $559,586 |
| SAP SE | $741,760 | $840,348 |
| SCHWAB CHARLES CORP NEW COM | $1,094,430 | $2,005,400 |
| TAIWAN SEMICONDUCTOR MEG CO SPONSORED ADR | $580,337 | $900,957 |
| UNITEDHEALTH GROUP INC COM | $714,317 | $1,637,196 |
| UNIVERSAL MUSIC GROUP | $1,472,785 | $1,554,217 |
| VANGUARD S&P 500 INDEX ETF | $65,301,586 | $63,650,065 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $43,509,837 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $43,597,063 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | ACACIA PARTNERS LP | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $89,642,956 | BookValueAmt |
| EOYFMV | $89,642,956 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $71,252 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $71,252 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CARMEL HILL READING PROJECT EXPENSES | $4,114,592 | $0 | $4,114,592 |
| INSURANCE | $41,523 | $0 | $41,523 |
| OFFICE FURNITURE | $64,953 | $0 | $64,953 |
| SUPPLIES | $72,936 | $0 | $72,936 |
| POSTAGE AND DELIVERY | $116 | $0 | $116 |
| PROPERTY (CT MAINTENANCE) | $25,283 | $0 | $25,283 |
| DESIGNATED SERVICE PROVIDER | $49,867 | $0 | $49,867 |
| INVESTMENT INTEREST EXPENSE (FROM ACACIA PARTNERS LP) | $69,364 | $67,242 | $0 |
| OTHER EXPENSES (FROM ACACIA PARTNERS LP) | $1,047,475 | $1,034,387 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| ACACIA PARTNERS LP - UBI | $45,078 | $45,078 | |
| ACACIA PARTNERS LP | $1,428,242 | $1,428,242 | $1,428,242 |
| LITIGATION PROCEEDS | $97,748 | $97,748 | $97,748 |
| OTHER INCOME | $10,666 | $10,666 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN VALUE OF INVESTMENTS | Desc |
| Amt | $1,702,613 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING FEES | $262,454 | $0 | $262,454 |
| PROFESSIONAL DEVELOPMENT | $42,768 | $0 | $42,768 |
| INVESTMENT MANAGEMENT FEES | $881,340 | $881,340 | $0 |
| FIDUCIARY FEES | $15,123 | $0 | $15,123 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (7 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAX | $252,717 | $246,053 | $0 |
| REAL ESTATE TAX | $5,091 | $5,091 | $0 |
| FEDERAL INCOME TAX | $35,149 | $0 | $0 |
| NYS-TAXES | $5,485 | $0 | $0 |
| PAYROLL TAXES | $435,629 | $0 | $435,629 |
| NYS DOL FEE | $1,500 | $0 | $0 |
| FEDERAL EXCISE TAX | $898,385 | $0 | $0 |