FLEDGLING FUND: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FLEDGLING FUND (EIN 20-2450707)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2022-01-29
- IRS object ID
- 202210299349100001
- Schema version
- 2020v4.0
- 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
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-01-29T10:59:02-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 201458331 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MALCOM & BAKER CPAS & ASSOCIATES INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4901 NW 17TH WAY SUITE 402 | AddressLine1Txt |
| City | FORT LAUDERDALE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 333093778 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202450707 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FLEDGLING FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FLED | 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 | DIANA BARRETT | PersonNm |
| Person Title | PRES., DIR., SEC. | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-01-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DIANA | PersonFirstNm |
| Person Last | BARRETT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN K WADE CPA | PreparerPersonNm |
| PTIN | P00359696 | PTIN |
| Phone | 9549798898 | PhoneNum |
| Preparation | 2022-01-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,202,357 | 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 | $24,520 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24,520 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $24,520 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $143,144 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $143,144 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $143,144 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $147,559 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,347,241 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | -$11,898 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | -$11,898 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $303,325 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $167,664 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $155,766 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $135,457 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $136,198 | OthEmplSlrsWgsRevAndExpnssAmt |
| Pension Empl Bnft Rev And Expnss | $19,072 | PensionEmplBnftRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $60,038 | OtherProfFeesRevAndExpnssAmt |
| Interest Rev And Expnss | $20 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $1,071 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,636 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $7,652 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $6,561 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $152,644 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $366,069 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $156,280 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,761,272 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,761,272 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,127,341 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $156,280 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,761,272 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,824,016 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,384 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $155,766 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $428,561 | CashBOYAmt |
| Sav And Temp Cash Invst EOY | $264,427 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $264,427 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,022,868 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,360,411 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,525,164 | CorporateStockEOYFMVAmt |
| Corporate Bonds EOY | $2,234,010 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,363,785 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,586,375 | OtherInvestmentsBOYAmt |
| Other Assets BOY | $84,864 | OtherAssetsBOYAmt |
| Other Assets EOY | $49,081 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $48,981 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,122,668 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,907,929 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,202,357 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $9,122,668 | RetainedEarningBOYAmt |
| Retained Earning EOY | $5,875,429 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,122,668 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,875,429 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,122,668 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,875,429 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,122,668 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,824,016 | ExcessRevenueOverExpensesAmt |
| Other Increases | $490,383 | OtherIncreasesAmt |
| Subtotal | $7,789,035 | SubtotalAmt |
| Other Decreases | $1,913,606 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,875,429 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| NORTHERN TRUST - SEE ATTACHED 3188 | P | $1,970,402 | $2,081,555 | -$111,153 | -$111,153 |
| NORTHERN TRUST - SEE ATTACHED 3188 | P | $2,018,755 | $2,118,127 | -$99,372 | -$99,372 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$202,550 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $158 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $158 | SubtotalAmt |
| Tax Based On Investment Income | $158 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,780 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $9,780 | TotalPaymentsAndCreditsAmt |
| Overpayment | $9,622 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $9,622 | 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 |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.THEFLEDGEINGFUND.ORG | WebsiteAddressTxt |
| Individual With Books | FOUNDATION SOURCE | IndividualWithBooksNm |
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 OCEAN STREET | AddressLine1Txt |
| Address Line2 | SUITE 26 | AddressLine2Txt |
| City | HYANNIS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02601 | 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 | 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| DIANA BARRETT | |||||||||
| 500 OCEAN STREET | SUITE 26 | HYANNIS | MA | 02601 | PRES., DIR., | 40.00 | $135,457 | $0 | $0 |
| CHRISTOPHER VILA | |||||||||
| 500 OCEAN STREET | SUITE 26 | HYANNIS | MA | 02601 | DIR., VP | 1.00 | $0 | $0 | $0 |
| ROBERT VILA | |||||||||
| 500 OCEAN STREET | HYANNIS | MA | 02601 | DIR., VP, TR | 1.00 | $0 | $0 | $0 | |
| SUSANNAH VILA | |||||||||
| 500 OCEAN STREET | SUITE 26 | HYANNIS | MA | 02601 | DIR., VP | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHIELA LEDDY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17 CAPE COD LANE | AddressLine1Txt |
| City | MILTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02186 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | EXECUTIVE DI | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $71,198 | CompensationAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NORTHERN TRUST | |||||
| 50 SOUTH LASALLE STREET | CHICAGO | IL | 60603 | INVESTMENT MGMT | $92,671 |
| FOUNDATION SOURCE | |||||
| 55 WALLS DRIVE | FAIRFIELD | CT | 06824 | ADMINISTRATIVE | $60,038 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FLEDGING ENGAGEMENT LAB IS DESIGNED TO SUPPORT SOCIAL ISSUE DOCUMENTARY FILM TEAMS AS THEY DEVELOP AND IMPLEMENT STRATEGIES TO MAXIMIZE THEIR FILMS SOCIAL IMPACT. | Description1Txt |
| Expenses1 | $113,350 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE OF THE INNOVATIVE MEDIA PROJECTS THE FLEDGING FUND INVESTED IN PRIOR YEARS REQUIRED ADDITIONAL INVESTMENT IN 2020 | Description1Txt |
| Expenses1 | $1 | Expenses1Amt |
| Total | $1 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $7,250,000 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $224,000 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $45,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,519,000 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $7,519,000 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $112,785 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,406,215 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $370,311 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,761,272 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,761,273 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,761,273 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $1,761,273 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $1,761,273 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,761,273 | TotalCorpusAmt |
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 | $155,766 | CurrentYearAmt |
| Total | $155,766 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $132,401 | CurrentYearAmt |
| Total | $132,401 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,761,273 | CurrentYearAmt |
| Total | $1,761,273 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,761,273 | CurrentYearAmt |
| Total | $1,761,273 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $246,874 | CurrentYearAmt |
| Total | $246,874 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SHIELA MORRIS | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 OCEAN STREET | AddressLine1Txt |
| Address Line2 | SUITE 26 | AddressLine2Txt |
| City | HYANNIS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5087377754 | RecipientPhoneNum |
| Recipient Email Address | SHIELA.MORRIS@THEFLEDGINGFUND.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | WWW.THEFLEDGLINGFUND.ORG | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | WWW.THEFLEDGLINGFUND.ORG | SubmissionDeadlinesTxt |
| Restrictions On Awards | WWW.THEFLEDGLINGFUND.ORG | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACUMEN FUND (SEE ATTACHED SCHEDULE) | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WORTH STREET | AddressLine1Txt |
| Address Line2 | SUITE 303 | AddressLine2Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | LATIN AMERICAN PROGRAM (SEE SCH.) | GrantOrContributionPurposeTxt |
| Amt | $1,761,272 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,761,272 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24,520 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $143,144 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $350,109 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,975 | ExclusionAmt |
| Related Or Exempt Function Incm | -$210,525 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (10 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| NORTHERN TRUST | 14 | $272 |
| FREEDOM FIGHTERS K-1 | 14 | $14 |
| THE TECH MOVIE K-1 | 14 | $335 |
| KP RIDES AGAIN K-1 | 14 | $162 |
| MANATEE PRODUCTIONS K-1 | 14 | -$633 |
| KIDS ARE ALLRIGHT K-1 | 14 | -$68 |
| THINKTHORPE K-1 | 14 | $42 |
| ZORRO & MW K-1 | 14 | -$93 |
| MAF GLOBAL EMERGING K-1 | 14 | -$760 |
| MAF GLOBAL EQUITY K-1 | 14 | -$11,169 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $350,109 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $163,741 | ExclusionAmt |
| Related Or Exempt Function Incm | -$210,525 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $303,325 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | CAPITAL GAIN OR (LOSS) ON INVESTMENTS OR INVESTMENT INCOME SUPPORTS THE INVESTMENTS IN EDUCATIONAL FILM PROJECTS. SEE THE ATTACHMENT TO PART IX-B FOR A DESCRIPTION OF THE FOUNDATIONS PROJECTS IT IS SUPPORTING. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)
| AssetAssetDesc | Gross Sales PriceGrossSalesPriceAmt | Total NetTotalNetAmt |
|---|---|---|
| SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY | $136,413 | $136,413 |
| LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY | $213,696 | $213,696 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MFC ISHARES TRUST 10 YEAR | $1,303,477 | $1,419,749 |
| MFO BLACKROCK FDS V HIGH YIELD | $700,267 | $712,263 |
| MAF CONCENTRATED HY | $230,266 | $231,773 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BLACKROCK HIGH YIELD BOND PORT | ||
| FLEXSHARES GLOBAL UPSTREAM NAT | ||
| ISHARES LEHMAN INTERMDTE CREDIT | ||
| ISHARES S&P GLOBAL I | ||
| MFS INTERNATIONAL NEW DISCOVER | ||
| NORTHERN GLOBAL RE INDES FD | ||
| NORTHERN ULTRA-SHORT FIXED INC | ||
| TIAA-CREF SOCIAL CHOICE EQUITY | $509,776 | $665,499 |
| MAF GLOBAL EQUITY FD - GENERAT | $2,850,635 | $5,859,665 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt |
|---|
| MAF CONCENTRATED HY AND LEVERA |
| MAF GLOBAL EMERGING MARKETS FD |
| MAF GLOBAL EQUITY FD - GENERAT |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (12 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PRI - BLEED OUT | $3,408 | ||
| PRI - C WORD | $38,394 | ||
| PRI - DEATH BY DESIGN | $3,675 | ||
| PRI - DO I SOUND GAY | |||
| PRI - FREEDOM FIGHTERS DOCUMEN | $1,748 | ||
| PRI - GENIUS OF MARIAN | $3,690 | ||
| PRI - ICARDUS | $33,949 | ||
| PRI - THE TECH MOVIE LLC | -$539 | -$539 | |
| PRI - KP RIDES AGAIN LLC | -$2,539 | -$2,539 | |
| PRI - THE KIDS ARE ALLRIGHT LLC | $1,511 | $1,511 | |
| PRI - THINKTHORPE LLC | -$1,025 | -$1,025 | |
| PRI - ZORRO AND ME HOILDINGS LLC | $51,673 | $51,573 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PARTNERSHIP CONTRIBUTIONS | $925,000 |
| UNREALIZED LOSS ON EQUITY SECURITIES | $988,606 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| ASF DUES | $750 | |
| HONARARIUM | $1,500 | |
| NORTHERN TRUST INVESTMENT FEE | $92,671 | |
| OPERATION EXPENSES | $1,084 | |
| INSURANCE | $1,805 | |
| PAYROLL PROCESSING | $1,422 | |
| INV. & MGMT FEES (K-1) | $59,973 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| NORTHERN TRUST | $272 | $272 |
| FREEDOM FIGHTERS K-1 | $14 | $14 |
| THE TECH MOVIE K-1 | $335 | $335 |
| KP RIDES AGAIN K-1 | $162 | $162 |
| MANATEE PRODUCTIONS K-1 | -$633 | -$633 |
| KIDS ARE ALLRIGHT K-1 | -$68 | -$68 |
| THINKTHORPE K-1 | $42 | $42 |
| ZORRO & MW K-1 | -$93 | -$93 |
| MAF GLOBAL EMERGING K-1 | -$760 | -$760 |
| MAF GLOBAL EQUITY K-1 | -$11,169 | -$11,169 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP DISTRIBUTIONS | Desc |
| Amt | $490,383 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $60,038 | Amt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | FORM 990 PREPARER WAS CHANGED, EXTENSION WAS NOT FILED IN ERROR AND COVID- 19 RESTRICTIONS RESULTED IN DELAY IN THE INFORMATION NECESSARY TO FILE A COMPLEETE AND ACCURATE TAX RETURN. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FILING FEES | $1,071 | |
| FOREIGN TAX (K-1) | $3,636 |