2023-10-17T08:17:00-05:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-01-06 874537467 776 Foundation % Foundation Source 776F 2128145399 6671 West Indiantown RD STE 50-420 Jupiter FL 33458 ALEXIS OHANIAN PRESIDENT 8008391754 2023-10-09 true ALEXIS OHANIAN 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X X 25430 X 802000 105 105 0 802105 105 0 172520 172520 23637 23637 1500 1500 7590 7590 71428 71428 276675 0 276675 500000 500000 776675 0 776675 25430 105 25430 25430 0 25430 25430 0 0 X 25430 0 25430 0 25430 0 25430 25430 25430 1 1 1 0 100 100 99 99 false false false false false false true true true DE true false true false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false true false false false false false false false false false false true false false false false false false false Alexis Ohanian 6671 West Indiantown RD STE 50-420 Jupiter FL 33458 Dir, Pres, Sec, Treas 1.0 0 0 0 ELISABETH GARVIN 6671 WEST INDIANTOWN RD Jupiter FL 33458 Foundation Person 40.0 172520 11660 0 34464 0 34464 0 34464 517 33947 1674 1674 1 1 1673 1673 1673 776675 0 0 0 0 776675 1673 2020 2019 2018 776675 1673 775002 775002 0 775002 775002 ALEXIS OHANIAN X A Melithafa 12 Bengal High Places Cape Town SF 7100 NONE I Grant to individual for travel, study or similar purposes 25000 A Sokolov 717 W Olympic Blvd 2009 Los Angeles CA 90015 NONE I Grant to individual for travel, study or similar purposes 25000 B Choi 6845 Sweetwater Way Goleta CA 93117 NONE I Grant to individual for travel, study or similar purposes 25000 D Kisilu 432-00618 Kenya KE NONE I Grant to individual for travel, study or similar purposes 25000 D Oza 2/3 Sahyadri CTGE Natwar Nagar Rd Jogeshwari East Mumbai IN 400060 NONE I Grant to individual for travel, study or similar purposes 25000 K Krista Weinberggasse 22 Klosterneuburg Lower Austria AU NONE I Grant to individual for travel, study or similar purposes 25000 L Stieghorst 443 Aragon Ave Coral Gables FL 33134 NONE I Grant to individual for travel, study or similar purposes 25000 M Lejeune Route de Suisse 18a Vaud SZ NONE I Grant to individual for travel, study or similar purposes 25000 M McCann 2 Aberdour Place Inverkip Greenock Scotland UK PA16 0HZ NONE I Grant to individual for travel, study or similar purposes 25000 M Penn 332 Westbridge Lane Canton GA 30114 NONE I Grant to individual for travel, study or similar purposes 25000 M Ye 16 Jacqueline Court Daly City CA 94014 NONE I Grant to individual for travel, study or similar purposes 25000 N Metenier 2239 Goodenough CLGE London House London UK NONE I Grant to individual for travel, study or similar purposes 25000 N Ramirez 2645 S Bayshore Drive Miami FL 33133 NONE I Grant to individual for travel, study or similar purposes 25000 R Amini-Naieni 19822 Brookhurst St Huntington Beach CA 92646 NONE I Grant to individual for travel, study or similar purposes 25000 R Reifschneider 16575 Via Lago Azul Rancho Santa Fe CA 92067 NONE I Grant to individual for travel, study or similar purposes 25000 S Iqbal 1/36 Murdo Road Clayton Victoria AS 3168 NONE I Grant to individual for travel, study or similar purposes 25000 S Kim 1007 Calle Allegre Glendale CA 91208 NONE I Grant to individual for travel, study or similar purposes 25000 S Munukutla 459 Lagunita Drive Stanford CA 94305 NONE I Grant to individual for travel, study or similar purposes 25000 T Liu 256 East 10th Street 3F New York NY 10009 NONE I Grant to individual for travel, study or similar purposes 25000 V Holmes 10376 Smokemont Ct Las Vegas NV 89129 NONE I Grant to individual for travel, study or similar purposes 25000 500000 14 105 105 105 false false false false false false false false false false X X 1 Das Kapital Capital LLC 6671 West Indiantown RD STE 50-420 Jupiter FL 33458 15000 X 2 Ohanian Empire Living Trust 6671 West Indiantown RD STE 50-420 Jupiter FL 33458 787000 X As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2022 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $500,000. This amount represents 25% or more of the Foundation's net assets of $100,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 35467 35467 Administrative Set-Up Fee 8900 8900 DIGITAL SUBSCRIPTIONS 1111 1111 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 Payroll Processing Fees 19850 19850 TRAINING & PROF DEVELOPMENT 5000 5000 Website Development 1500 1500 Ohanian Empire Living Trust 6671 West Indiantown RD STE 50-420 Jupiter FL 33458