BASZUCKI FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BASZUCKI FAMILY FOUNDATION (EIN 32-0660398)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2025-07-17
- IRS object ID
- 202501989349100110
- 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
- Acty Not Previously Rpt Expln
- All Oth Prog Rltd Investments Sch
- Distribution From Corpus Election
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-17T10:37:39-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 920460586 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PWC US TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1420 5TH AVE STE 2800 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 981011344 | 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 | 320660398 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BASZUCKI FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BASZ | BusinessNameControlTxt |
| Phone | 6502418740 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 2ND AVENUE 522 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 944013904 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAN BASZUCKI | PersonNm |
| Person Title | SECRETARY/TREASURER | PersonTitleTxt |
| Phone | 6502418740 | PhoneNum |
| Signature | 2025-05-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KYLE TALLEY | PreparerPersonNm |
| PTIN | P01239408 | PTIN |
| Phone | 2063983000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $25,858,896 | 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 | $3,167,500 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $109,313 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $109,313 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $100,894 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $100,894 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $7,417,303 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,417,323 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $7,417,303 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $10,795,010 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,627,510 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $58,788 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $29,394 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $29,394 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $718,519 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $718,519 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $44,847 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $364 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $108,341 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $245 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $108,096 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $930,495 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $30,003 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $856,009 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $31,694,969 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,880,954 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $32,625,464 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $30,003 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,736,963 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$21,830,454 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,597,507 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,406,896 | CashBOYAmt |
| Cash EOY | $116,680 | CashEOYAmt |
| Cash EOYFMV | $116,680 | CashEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $25,292,220 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $25,292,220 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $10,316,000 | CorporateStockBOYAmt |
| Corporate Stock EOY | $499,996 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $449,996 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $33,722,896 | TotalAssetsBOYAmt |
| Total Assets EOY | $25,908,896 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $25,858,896 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $49,647 | AccountsPayableEOYAmt |
| Grants Payable BOY | $0 | GrantsPayableBOYAmt |
| Grants Payable EOY | $27,814,015 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $468,745 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $94,872 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $468,745 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,958,534 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $33,254,151 | RetainedEarningBOYAmt |
| Retained Earning EOY | -$2,049,638 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,254,151 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$2,049,638 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $33,722,896 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $25,908,896 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,254,151 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$21,830,454 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $11,423,697 | SubtotalAmt |
| Other Decreases | $13,473,335 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$2,049,638 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES - ROBLOX CORP (RBLX) CLASS A, 100,000 SHARES | 2004-04-06 | 2022-08-23 | $4,137,969 | $10 | $4,137,959 | $4,137,959 |
| PUBLICLY TRADED SECURITIES - ROBLOX CORP (RBLX) CLASS A, 100,000 SHARES | 2004-04-06 | 2022-11-23 | $3,182,251 | $10 | $3,182,241 | $3,182,241 |
| CAPITAL GAIN DISTRIBUTION FROM FIDELITY | 2021-01-01 | 2022-12-13 | $97,103 | $97,103 | $97,103 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $7,417,303 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $105,605 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $105,605 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $105,605 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $93,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $15,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $105,605 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
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 | Yes (1) | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JIM CONLEY CO THE BASZUCKI FAMILY | IndividualWithBooksNm |
| Phone | 6502418740 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 2ND AVE 522 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 944013904 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID BASZUCKI | ||||||||
| 204 2ND AVENUE 522 | SAN MATEO | CA | 944013904 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| JAN BASZUCKI | ||||||||
| 204 2ND AVENUE 522 | SAN MATEO | CA | 944013904 | SECRETARY/TREASURER | 10.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HUNGRY HEART MEDIA INC | |||||
| 5450 W WASHINGTON BLVD | LOS ANGELES | CA | 90016 | COMMUNICATIONS | $252,235 |
| GMMB | |||||
| 1200 WESTLAKE AVE N | SEATTLE | WA | 98109 | COMMUNICATIONS | $168,303 |
| FARELLA BRAUN MARTEL LLP | |||||
| ONE BUSH STREET 9TH FLOOR | SAN FRANCISCO | CA | 94104 | LEGAL SERVICES | $150,808 |
| ARNOLD & PORTER KAYE SCHOLER LLP | |||||
| 601 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20001 | LEGAL SERVICES | $89,404 |
| VALERIE CONN CONSULTING LLC | |||||
| 2023 32ND AVE S | SEATTLE | WA | 981444949 | CONSULTING SERVICES | $72,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Description2 | NONE | Description2Txt |
| Expenses2 | $0 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $14,861,584 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $11,793,265 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $6,582 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,661,431 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,661,431 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $399,921 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,261,510 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,313,076 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,313,076 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $105,605 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $105,605 | TotalTaxAmt |
| Distributable Before Adj | $1,207,471 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,207,471 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,207,471 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,736,963 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,736,963 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,207,471 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $688,512 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,736,963 | QualifyingDistributionsAmt |
| Applied To Year1 | $688,512 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $2,840,980 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,207,471 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,840,980 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $3,167,500 | 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) |
|---|---|---|
| Contributing Manager | DAVID BASZUCKI | ContributingManagerNm |
| Contributing Manager | JAN BASZUCKI | ContributingManagerNm |
| 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 | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK | |||||||
| PO BOX 9 | ALBANY | NY | 12201 | PC | A RESEARCH PROJECT TO DEVELOP A DATA-DRIVEN SOFTWARE PLATFORM FOR MODELING COMPUTATIONAL PSYCHIATRY KNOWN AS NEUROBLOX UNDER THE DIRECT SUPERVISION OF L. R. MUJICA-PARODI, PH.D. | $1,154,772 | |
| THE MILKEN INSTITUTE | |||||||
| 1250 FOURTH STREET 2ND FLOOR | SANTA MONICA | CA | 90401 | PC | LAUNCH AND FOSTER A NEW SCIENTIFIC COMMUNITY IN METABOLIC PSYCHIATRY. | $2,641,413 | |
| UNIVERSITY OF PITTSBURGH | |||||||
| 213 PARK PLAZA 128 NORTH CRAIG | PITTSBURGH | PA | 15260 | PC | TO SUPPORT BIPOLAR DISORDER AND RELATED RESEARCH IN THE MOOD AND BRAIN LAB IN THE DEPARTMENT OF PSYCHIATRY, WHICH IS CURRENTLY BEING CONDUCTED BY MARY PHILIPS, MD. | $84,769 | STREE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,880,954 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK | ||||||
| PO BOX 9 | ALBANY | NY | 12201 | PC | A RESEARCH PROJECT TO DEVELOP A DATA-DRIVEN SOFTWARE PLATFORM FOR MODELING COMPUTATIONAL PSYCHIATRY KNOWN AS NEUROBLOX UNDER THE DIRECT SUPERVISION OF L. R. MUJICA-PARODI, PH.D. | $1,998,454 |
| THE MILKEN INSTITUTE | ||||||
| 1250 FOURTH STREET 2ND FLOOR | SANTA MONICA | CA | 90401 | PC | LAUNCH AND FOSTER A NEW SCIENTIFIC COMMUNITY IN METABOLIC PSYCHIATRY. | $30,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $31,998,454 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $109,313 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $100,894 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $7,417,303 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $7,627,510 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,627,510 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | DAVID AND JAN BASZUCKI | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 2ND AVENUE 522 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 944013904 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $3,167,500 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | SECURITY (ROBLOX CORP CL A) 100,000 SHARES | NoncashPropertyDesc |
| Fair Market Value | $3,167,500 | FairMarketValueAmt |
| Received | 2022-11-23 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING SERVICES | CategoryTxt |
| Amt | $58,788 | Amt |
| Net Investment Income | $29,394 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $29,394 | DisbursementsCharitablePrpsAmt |
Acty Not Previously Rpt Expln ActyNotPreviouslyRptExpln
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | IN ADDITION TO ITS GRANTMAKING ACTIVITIES, IN 2022 THE FOUNDATION LAUNCHED METABOLIC MIND LLC, A NONPROFIT INITIATIVE WITH A MISSION TO PROVIDE EDUCATION AND RESOURCES IN THE EMERGING FIELD OF METABOLIC PSYCHIATRY, INCLUDING KETOGENIC THERAPIES FOR MENTAL DISORDERS. | ExplanationTxt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
| Amt | $0 | Amt |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | SEE STATEMENT 16 | ElectionDesc |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt | IdentifierIdentifierTxt |
|---|---|---|
| PART XII, LINE 4(C) CONDUIT ELECTION STATEMENT | STATEMENT REGARDING STATUS AS A CONDUIT PRIVATE FOUNDATIONTREASURY REGULATION 53.4942(A)-3(C)(2)(IV) ELECTIONTHE BASZUCKI FAMILY FOUNDATION; EIN: 32-0660398TAX YEAR ENDING: 12/31/2022ATTACHMENT TO FORM 990-PF, PART XII UNDISTRIBUTED INCOMETHE FOUNDATION HAD NO REMAINING UNDISTRIBUTED INCOME FOR THE CURRENT (2022) OR PRIOR TAX YEAR (2021) AS REQUIRED BY TREASURY REGULATION 53.4942(A)-3(C)(2)(I). THE FOLLOWING AMOUNTS REPRESENT THE CONTRIBUTIONS MADE TO THE FOUNDATION DURING 2022 AND THE SUBSEQUENT OUT OF CORPUS ELECTION TO DISTRIBUTE AN AMOUNT EQUAL TO ALL CONTRIBUTIONS IN SATISFACTION OF THE REQUIREMENTS OF TREASURY REGULATION 53.4942(A)-3(C)(2) ALLOWING THE FOUNDATION TO QUALIFY AS A CONDUIT FOUNDATION FOR THE 2022 TAX YEAR. AMOUNTS RECEIVED IN 2022 $3,167,500 PART XII, LINE 7AMOUNTS DISTRIBUTED BY 03/15/2023 ($3,167,500) (SEE DETAIL BELOW)REMAINING AMOUNT TO BE DISTRIBUTED $ 0 LINE 7 AMOUNT TREATED AS DISTRIBUTION OUT OF CORPUS TO SATISFY REQUIREMENTS IMPOSED BY IRC SECTION 170(B)(1)(F)(II). THE FOUNDATION MEETS THE REQUIREMENTS OF IRC 170(B)(1)(A)(VII), 170(B)(1)(F)(II) AND 4942(H) SUCH THAT QUALIFYING DISTRIBUTIONS OUT OF CORPUS WERE MADE WITHIN 2.5 MONTHS FOLLOWING THE CLOSE OF THE 2022 TAX YEAR IN AN AMOUNT EQUAL TO 100% OF ALL CONTRIBUTIONS RECEIVED DURING THE 2022 TAX YEAR. THERE IS NO REMAINING UNDISTRIBUTED INCOME FOR THE 2022 AND 2021 TAX YEARS. THEREFORE, THE FOUNDATION QUALIFIES AS A CONDUIT PRIVATE FOUNDATION AND THE 50% CHARITABLE CONTRIBUTION TAX BASE APPLIES UNDER IRC 170(B)(1)(A). _______________________________________________________________________ SIGNATURE AND TITLE DATE | |
| FORM 990-PF, PART VI-A, LINE 11 | METABOLIC MIND, LLC204 2ND AVE STE 522SAN MATEO, CA 94401THE BASZUCKI FAMILY FOUNDATION TRANSFERRED $100,000 OF INITIAL FUNDING TO LAUNCH METABOLIC MIND, LLC. | OWNERSHIP OF CONTROLLED ENTITIES |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | DOMESTIC EQUITY SECURITIES (KNOW LABS & KETOSWISS) | StockNm |
| EOY Book Value | $499,996 | EOYBookValueAmt |
| EOYFMV | $449,996 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $25,292,220 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $25,292,220 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $13,473,335 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| GENERAL AND ADMINISTRATIVE | $108,096 | $0 | $0 | $108,096 |
| INVESTMENT EXPENSES | $245 | $245 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| FEDERAL EXCISE TAX PAYABLE | $325,353 | $94,872 |
| DEFERRED FEDERAL EXCISE TAX PAYABLE | $143,392 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $718,519 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $718,519 | DisbursementsCharitablePrpsAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION PROCEDURES -REASONABLE CAUSE STATEMENTTAXPAYER: THE BASZUCKI FAMILY FOUNDATIONEIN: 32-0660398INCOME TAX RETURN: FORM 990-PFTAX YEAR ENDED: DECEMBER 31, 2022THIS REASONABLE CAUSE STATEMENT IS BEING FILED PURSUANT TO THE "DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION PROCEDURES" EFFECTIVE JULY 1, 2014.THE BASZUCKI FAMILY FOUNDATION ("THE FOUNDATION") IS FILING AN ORIGINAL FORM 926, RETURN BY A U.S. TRANSFEROR OF PROPERTY TO A FOREIGN CORPORATION, FOR THE TAX YEAR ENDED DECEMBER 31, 2022, TO REPORT A TRANSFER OF CASH TO THE FOLLOWING FOREIGN CORPORATION:KETOSWISS AG (EIN: NONE)THE RELEVANT FACTS ARE AS FOLLOWS:A. THE FOUNDATION WAS ESTABLISHED ON JUNE 3, 2021 AS A NOT-FOR-PROFIT PRIVATE FOUNDATION WITH THE PURPOSE OF MAKING GRANTS, DONATIONS, GIFTS, AND CONTRIBUTIONS TO FULFILL THEFOUNDERS' VISION OF CHARITABLE GIVING. THE FOUNDATION DIRECTS RESOURCES TOWARD THE GREATER GOOD THROUGH MISSION-DRIVEN INVESTMENTS THAT IMPROVE HUMAN HEALTH, GOVERNANCE, AND THE HEALTH OF OUR PLANET. SUPPORT AND INCOME ARE DERIVED PRINCIPALLY FROM SUPPORT BY THE FOUNDERS AND INCOME AND GAINS FROM THE TAXPAYER'S INVESTMENTS.B. DURING THE DECEMBER 31, 2021 TAX YEAR, THE FOUNDATION'S INITIAL TAX YEAR, THERE WAS MINIMAL ACTIVITY AS THE FOUNDATION WAS BEING ESTABLISHED. THE TAXPAYER RECEIVED THE INITIAL FUNDING IN THE FORM OF A STOCK CONTRIBUTION FROM THE FOUNDERS ON NOVEMBER 22, 2021. THE STOCK WAS SUBSEQUENTLY SOLD WITHIN THE FOUNDATION. NO GRANTS WERE MADE, AND NO OTHER ACTIVITY WAS CONDUCTED DURING THE 2021 TAX YEAR.C. DURING THE DECEMBER 31, 2022 TAX YEAR, THE FOUNDATION'S SECOND TAX YEAR, THE FOUNDATION BEGAN TO ESTABLISH REGULAR AND CONTINUOUS ACTIVITIES, INCLUDING MAKING GRANTS AND INVESTING IN ACTIVITIES THAT ALIGNED WITH THE FOUNDATION'S MISSION. DURING THIS YEAR, THE FOUNDATION INVESTED IN KETOSWISS AG, A LIFE SCIENCES COMPANY WORKING TO DEVELOP MEDICAL FOODS TO IMPROVE HUMAN HEALTH, WHOSE PURPOSE IS CONSISTENT WITH THE FOUNDATION'S GOALS.D. KETOSWISS AG IS A FOREIGN CORPORATION. AT THE TIME OF THE TRANSFER, THE FOUNDATION'S ADMINISTRATOR AND EXTERNAL TAX ADVISOR DID NOT IDENTIFY THAT THE CASH CONTRIBUTION WAS MADE DIRECTLY TO A FOREIGN CORPORATION. CONTROLS WERE NOT YET FULLY IN PLACE TO IDENTIFY FOREIGN TRANSFERS AND THE FEDERAL TAX REPORTING REQUIREMENTS ASSOCIATED WITH SUCH TRANSFERS.E. THE FOUNDATION DISCOVERED ITS FAILURE TO COMPLY WITH IRC 6038B, AND FAILURE TO FILE FORM 926, DURING THE PREPARATION OF ITS DECEMBER 31, 2023 TAX RETURN. ONCE THE FAILURE TO FILE THE FORM 926 WAS IDENTIFIED, THE FOUNDATION AND ITS EXTERNAL TAX ADVISOR WORKED TO PREPARE THE FORM 926 AND THE FORM IS NOW BEING FILED UNDER THE IRS'S DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION PROCEDURES.F. THE FOUNDATION IS FILING AN AMENDED RETURN FOR FISCAL YEAR DECEMBER 31, 2022 TO TRANSMIT THE ORIGINAL FORM 926 THAT SHOULD HAVE BEEN FILED WITH THE ORIGINAL FORM 990-PF, RETURN OF PRIVATE FOUNDATION, FILED FOR THE YEAR. THE AMENDED RETURN REPORTS NO ADDITIONAL TAX DUE AS THERE IS NO CHANGE TO THE FOUNDATION'S LIABILITY FOR THE DECEMBER 31, 2022 TAX YEAR AS A RESULT OF THE FILING OF THE FORM 926.G. THE FOUNDATION'S ADMINISTRATOR AND EXTERNAL TAX ADVISOR HAVE ESTABLISHED TAX RETURN REVIEW PROCEDURES WITH THE GOAL OF IDENTIFYING TRANSFERS OF CASH OR PROPERTY TO FOREIGN CORPORATIONS SO THE TRANSFERS CAN BE REPORTED ON TIMELY FILED FORMS 926. THE FOUNDATION IS NOT UNDER IRS EXAMINATION AS OF THE DATE THIS FORM 926 IS BEING FILED. THE FOUNDATION HAS NOT BEEN PREVIOUSLY CONTACTED REGARDING AN INCOME TAX EXAMINATION OR A REQUEST FOR A DELINQUENT INTERNATIONAL INFORMATION RETURN.APPLICABLE PROVISIONS OF THE INTERNAL REVENUE MANUALPURSUANT TO IRM 20.1.9.1.5(4), A DETERMINATION WITH RESPECT TO WHETHER REASONABLE CAUSE EXISTS REQUIRES CONSIDERATION OF THE FACTORS SET FORTH IN IRM 20.1.1. SEE ALSO IRM 20.1.9.3.5(1) (TAXPAYER MUST MAKE AN AFFIRMATIVE SHOWING OF ALL FACTS ALLEGED AS REASONABLE CAUSE). UNDER IRM 20.1.1.3.2, WHETHER REASONABLE CAUSE EXISTS IS BASED ON ALL OF THE FACTS AND CIRCUMSTANCES AND IS GENERALLY GRANTED WHEN THE TAXPAYER EXERCISED ORDINARY BUSINESS CARE AND PRUDENCE" IN DETERMINING ITS TAX OBLIGATIONS, BUT NEVERTHELESS FAILS TO COMPLY WITH THOSE OBLIGATIONS. GENERALLY, "ANY REASON WHICH ESTABLISHES THAT THE TAXPAYER EXERCISED ORDINARY BUSINESS CARE AND PRUDENCE, BUT NEVERTHELESS WAS UNABLE TO COMPLY WITH A PRESCRIBED DUTY WITHIN THE PRESCRIBED TIME, WILL BE CONSIDERED." IRM 20.1.1.3.2(3)(A).APPLICABLE FACTORS FOR ESTABLISHING REASONABLE CAUSE INCLUDE: THE TAXPAYER'S EFFORTS TO REPORT ENTITIES TIMELY FOLLOWING THE DISCOVERY OF MISSING INFORMATION RETURNS; THE TAXPAYER'S PRIOR COMPLIANCE HISTORY; AND THE TAXPAYER'S EFFORTS TO ENSURE FAILURE TO REPORT ENTITIES DOES NOT OCCUR AGAIN.SEE GENERALLY, IRM 20.1.9.7.5(1) (REASONABLE CAUSE SHOULD BE CONSIDERED AFTER TAXPAYER HAS FILED FOR ALL OPEN YEARS). AS MENTIONED EARLIER, THE FOUNDATION'S ACTIVITIES COMMENCED DURING THE 2022 TAX YEAR WHEN CONTROLS WERE NOT FULLY IN PLACE TO IDENTIFY FOREIGN TRANSFERS AND THE FEDERAL TAX REPORTING REQUIREMENTS ASSOCIATED WITH SUCH TRANSFERS.THE FOUNDATION ACTED PROMPTLY TO PREPARE THE ENCLOSED FORM 926 SO THAT IT COULD BE FILED FOR THE DECEMBER 31, 2022 TAX YEAR.THE FOUNDATION OTHERWISE TIMELY FILED ITS FORM 990-PF FOR THE TAX YEAR DECEMBER 31, 2022.IN LIGHT OF THE INFORMATION SET FORTH ABOVE, THE FOUNDATION RESPECTFULLY SUBMITS THAT THE REQUIREMENTS OF THE "DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION PROCEDURES" ARE MET AND RESPECTFULLY REQUESTS THAT NO CIVIL PENALTY BE ASSESSED WITH RESPECT TO THE FORM 926 FILED WITH THE FORM 990-PF (AMENDED) FOR THE TAX YEAR ENDED DECEMBER 31, 2022. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAX PAID | $364 | $364 | $0 | $0 |
| EXCISE TAX EXPENSE | $44,483 | $0 | $0 | $0 |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | METABOLIC MIND LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 2ND AVE STE 522 | AddressLine1Txt |
| City | SAN MATEO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 920573910 | EIN |
| Desc | THE BASZUCKI FAMILY FOUNDATION TRANSFERRED $100,000 OF INITIAL FUNDING TO LAUNCH METABOLIC MIND LLC. | Desc |
| Amt | $100,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,000 | TotalAmt |