BARRED ROCK FUND INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BARRED ROCK FUND INC (EIN 03-0368445)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-02
- IRS object ID
- 202303069349100225
- 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
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
- Transfers Frm Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-02T08:47:28-07:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 471371818 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tapia & Huckabay PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 38 | AddressLine1Txt |
| City | Vergennes | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05491 | 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 | 030368445 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Barred Rock Fund Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BARR | BusinessNameControlTxt |
| Phone | 8023556596 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 324 Browns Trace Road | AddressLine1Txt |
| City | Jericho | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05465 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Charles Lacy | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8023556596 | PhoneNum |
| Signature | 2023-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Charles | PersonFirstNm |
| Person Last | Lacy | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| 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 | William S Huckabay CPA | PreparerPersonNm |
| PTIN | P00154308 | PTIN |
| Phone | 8028707086 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| 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 | $5,386,051 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $20,600 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,134 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,134 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $1,134 | InterestOnSavingsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $38,764 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,764 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $38,764 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $60,498 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,898 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $39,898 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $80,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $16,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $24,000 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $56,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $0 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $20,000 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $4,000 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $6,000 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $14,000 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $4,312 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $4,312 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,931 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $937 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $1,119 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $2,993 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $0 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,120 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,224 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,836 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $4,284 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $953 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $191 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $286 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $0 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $26,954 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $18,884 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $339 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $102 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $237 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $42,855 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $1,615 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $44,649 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $186,464 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $22,352 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $34,958 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $145,359 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $28,927 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $29,127 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $215,391 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $22,352 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $34,958 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $174,486 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$154,893 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $4,940 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,948,253 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,091,356 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,091,356 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $154 | AcctRcvblAmt |
| Acct Rcvbl BOY | $154 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $154 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $154 | AcctRcvblEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Prepaid Expenses BOY | $1,868 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $113,956 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $113,956 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Land Bldg Equip Cost Or Other Bss | $7,870 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,481 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $2,254 | LandBOYAmt |
| Land EOY | $4,389 | LandEOYAmt |
| Land EOYFMV | $4,389 | LandEOYFMVAmt |
| Other Assets BOY | $2,590,028 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,180,173 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,176,196 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $4,542,557 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,390,028 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,386,051 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $22,668 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $25,032 | AccountsPayableEOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $22,668 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $25,032 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $4,519,889 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $4,364,996 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $0 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $0 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,519,889 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,364,996 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,542,557 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,390,028 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,519,889 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$154,893 | ExcessRevenueOverExpensesAmt |
| Subtotal | $4,364,996 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $4,364,996 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,868 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,868 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$1,868 | OriginalReturnOverpaymentAmt |
| Overpayment | $1,868 | OverpaymentAmt |
| Applied To ES Tax | $1,868 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| 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 | VT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Charles Lacy | IndividualWithBooksNm |
| Phone | 8023556596 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 324 Browns Trace Road | AddressLine1Txt |
| City | Jericho | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05465 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| Charles Lacy | ||||||||
| 324 Browns Trace Road | Jericho | VT | 05465 | President | 40.00 | $80,000 | $20,000 | $0 |
| Judy Wicks | ||||||||
| 324 Browns Trace Road | Jericho | VT | 05465 | Vice President | 0.25 | $0 | $0 | $0 |
| Ben Cohen | ||||||||
| 324 Browns Trace Road | Jericho | VT | 05465 | Chairman | 0.50 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Continued success working with local artists to build an arts district in a severely disadvantaged community, Chester, PA. | Description1Txt |
| Expenses1 | $145,359 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Support of New Day Chester which is re-developing formerly vacant urban buildings into an arts district in Chester, PA. | Description1Txt |
| Expenses1 | $337,181 | Expenses1Amt |
| Description2 | Additional loans to NU Leaf to fund an African American owned manufacturing company based in Texas. | Description2Txt |
| Expenses2 | $190,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $101,000 | AllOtherProgramRltdInvstTotAmt |
| Total | $628,181 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,583,937 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,583,937 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,583,937 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $23,759 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,560,178 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $78,009 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $174,486 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $628,181 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $802,667 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,940 | CurrentYearAmt |
| Year1 | $18,788 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $23,728 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,199 | CurrentYearAmt |
| Year1 | $15,970 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $20,169 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $802,667 | CurrentYearAmt |
| Year1 | $1,416,339 | Year1Amt |
| Year2 | $164,988 | Year2Amt |
| Year3 | $364,843 | Year3Amt |
| Total | $2,748,837 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $29,127 | CurrentYearAmt |
| Year1 | $36,000 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $26,500 | Year3Amt |
| Total | $91,627 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $773,540 | CurrentYearAmt |
| Year1 | $1,380,339 | Year1Amt |
| Year2 | $164,988 | Year2Amt |
| Year3 | $338,343 | Year3Amt |
| Total | $2,657,210 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,386,051 | CurrentYearAmt |
| Year1 | $5,444,970 | Year1Amt |
| Year2 | $6,120,005 | Year2Amt |
| Year3 | $6,114,567 | Year3Amt |
| Total | $23,065,593 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,176,196 | CurrentYearAmt |
| Year1 | $3,493,976 | Year1Amt |
| Year2 | $2,541,917 | Year2Amt |
| Year3 | $6,024,584 | Year3Amt |
| Total | $16,236,673 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $52,006 | CurrentYearAmt |
| Year1 | $90,357 | Year1Amt |
| Year2 | $6,323 | Year2Amt |
| Year3 | $10,043 | Year3Amt |
| Total | $158,729 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| The Untours Foundation | ||||||
| PO Box 405 | Media | PA | 19063 | PF | General Support | $500 |
| Chester Cultural Arts & Technology Center | ||||||
| 2300 W 4th St STE A211 | Chester | PA | 19013 | PC | General Support | $16,000 |
| Freedmens Arts Alliance Inc | ||||||
| 515 Avenue of the States | Chester | PA | 19013 | PC | General Support | $12,627 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $29,127 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| Interest Income | $3,764 |
| Consulting Income | $35,000 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,134 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,134 | ExclusionAmt |
| Related Or Exempt Function Incm | $38,764 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $39,898 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1a | Low-interest loans in the form of Program Related Investments, consistent with the Organization's mission. |
| 1b | The Organization's President provides consulting services to program investment leaders |
| 1b | in order to help their companies become sustainable businesses. |
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 (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| Todd Strine | ||||||
| 1 | 400 Riverview Road | Swarthmore | PA | 19081 | $5,000 | Yes (X) |
| Lisa Mitchell | ||||||
| 2 | 1121 East Palmer Street | Philadelphia | PA | 19125 | $5,000 | Yes (X) |
| Lock Whitney | ||||||
| 3 | 292 Lincoln Place 3C | Brooklyn | NY | 11238 | $5,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Accounting Firms Accounting/Tax | $3,110 | $573 | $573 | $1,718 |
| Payroll Service Payroll Services | $1,661 | $332 | $498 | $1,163 |
| Bookkeeper Bookkeeping | $160 | $32 | $48 | $112 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | $15,000 loan for an appraisal to Ankor Holdings, an African American owned agricultural business. $86,000 stopgap financing to Land Care Corp, a Vermont farmer owned equipment coop. | Desc |
| Amt | $101,000 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| Computer | 2013-07-01 | $1,562 | $1,562 | SL | 3.000000000000 | $0 | $0 | $0 |
| MacBook Pro | 2020-03-15 | $3,220 | $966 | SL | 5.000000000000 | $644 | $129 | $193 |
| MacBook Pro | 2022-05-15 | $3,088 | SL | 5.000000000000 | $309 | $62 | $93 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Controlled Entity (Section 512(b)(13)) | FormAndLineReferenceDesc |
| Medium Explanation | Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity:Section 512(b)(13) Controlled Entity: | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Computers | CategoryOrItemTxt |
| Cost Or Other Basis | $7,870 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $3,481 | AccumulatedDepreciationAmt |
| Book Value | $4,389 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Online Legal Advisor Legal Services | $720 | $0 | $0 | $720 |
| Attorneys Legal Services | $3,592 | $0 | $0 | $3,592 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (16 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PRI: Ankor Holdings-Loan | $0 | $15,000 | $15,000 |
| PRI: Hardwick Beef Inc.-Loan | $7,836 | $7,836 | $7,836 |
| PRI: Hardwick Beef Inc. | $125,000 | $125,000 | $200,000 |
| PRI: Indigenous Designs-Equity | $164,279 | $164,279 | $0 |
| PRI: Land Care Corp-Loan | $0 | $86,000 | $86,000 |
| PRI: Taza Amarilla-Equity | $30,000 | $30,000 | $30,000 |
| PRI: Taza Amarilla-Loan | $85,000 | $85,000 | $85,000 |
| PRI: New Day Chester-Equity | $325,000 | $325,000 | $325,000 |
| PRI: New Day Chester-Loan | $1,031,500 | $1,368,681 | $1,368,681 |
| PRI: New Day Chester-Mortgage | $100,000 | $100,000 | $100,000 |
| PRI: Skinny Pancake-Loan | $43,005 | $13,949 | $13,949 |
| PRI: Linwood Ward-Loan | $10,000 | $10,000 | $10,000 |
| PRI: NU Leaf-Loan | $200,000 | $390,000 | $390,000 |
| PRI: Saints, Inc.-Loan | $329,300 | $320,320 | $320,320 |
| PRI: Working Fields VT-Equity | $100,000 | $100,000 | $100,000 |
| PRI: Yerba Mate Company, LLC-Equity | $39,108 | $39,108 | $1,124,410 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Information technology | $881 | $0 | $759 | $1,771 |
| Membership dues | $2,320 | $0 | $230 | $2,580 |
| Office expenses | $2,231 | $0 | $626 | $1,461 |
| Supplies | $73 | $0 | $0 | $1,487 |
| Program expenses | $37,350 | $0 | $0 | $37,350 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Interest on Program Investments | $3,764 | $3,764 | $3,764 |
| Consulting Income | $35,000 | $0 | $35,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Payroll taxes | CategoryTxt |
| Amt | $6,120 | Amt |
| Net Investment Income | $1,224 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,836 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,284 | DisbursementsCharitablePrpsAmt |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | DescDesc | AmtAmt |
|---|---|---|---|---|---|---|
| Hardwick Beef Inc | ||||||
| PO Box 225 | Hardwick | MA | 01037 | 721606904 | Consulting Fees | $35,000 |
| Hardwick Beef Inc | ||||||
| PO Box 225 | Hardwick | MA | 01037 | 721606904 | Loan Interest | $704 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,704 | TotalAmt |