BERT L & NATALIE K VALLEE FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- BERT L & NATALIE K VALLEE FOUNDATION INC (EIN 04-3333757)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-07-16
- IRS object ID
- 202541979349100519
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-16T14:19:03-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wolf & Company PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 255 State Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043333757 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Vallee Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ALEXA MASON | InCareOfNm |
| Business Name Control | BERT | BusinessNameControlTxt |
| Phone | 4154136710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Mifflin Place Suite 400 | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02138 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Alexa Mason | PersonNm |
| Person Title | Exec. Director | PersonTitleTxt |
| Phone | 4154136710 | PhoneNum |
| Signature | 2025-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| 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 | Karen Ng EA | PreparerPersonNm |
| PTIN | P01067482 | PTIN |
| Phone | 6174399700 | PhoneNum |
| Preparation | 2025-07-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $64,822,709 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $169,639 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $169,639 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $0 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $1,299,996 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,347,677 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $0 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,151,034 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $25,712,346 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,277,245 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $582 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $24,068 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $4,621,251 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,818,629 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $341,334 | 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 | $341,334 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $20,089 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $20,089 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $19,200 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $19,200 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $14,969 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $14,969 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $121,351 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $119,077 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,274 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $96,017 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $38,566 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $14,066 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $28,486 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $28,486 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $103,353 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $103,353 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $1,387 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $1,387 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $506,920 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,876 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $506,920 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,253,106 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $163,519 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,052,078 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,200,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,200,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,453,106 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $163,519 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,252,078 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,168,145 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,655,110 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $20,015 | CashBOYAmt |
| Cash EOY | $13,732 | CashEOYAmt |
| Cash EOYFMV | $13,732 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,046,258 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,576,542 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,576,542 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $60,370,543 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $63,232,435 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $63,232,435 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $61,436,816 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,822,709 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $64,822,709 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $7,959 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $10,900 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $7,959 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,900 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $61,428,857 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $64,811,809 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $61,428,857 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $64,811,809 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $61,436,816 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $64,822,709 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $61,428,857 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,168,145 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,214,807 | OtherIncreasesAmt |
| Subtotal | $64,811,809 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $64,811,809 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (24 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| SFNNX | P | 2014-07-21 | 2024-03-14 | $254,915 | $214,821 | $40,094 | $40,094 |
| SFLNX | P | 2014-04-04 | 2024-03-14 | $628,253 | $362,888 | $265,365 | $265,365 |
| TROSX | P | 2017-11-20 | 2024-03-14 | $47,959 | $41,591 | $6,368 | $6,368 |
| VTI | P | 2014-04-04 | 2024-03-14 | $1,674,252 | $636,203 | $1,038,049 | $1,038,049 |
| US TREASURY BILL | P | 2023-11-14 | 2024-02-13 | $506,000 | $506,000 | ||
| US TREASURY BILL | P | 2023-11-04 | 2024-02-22 | $5,900,000 | $5,900,000 | ||
| US TREASURY BILL | P | 2024-02-26 | 2024-03-14 | $6,015,000 | $6,015,000 | ||
| US TREASURY BILL | P | 2024-03-21 | 2024-07-16 | $2,000,000 | $2,000,000 | ||
| US TREASURY BILL | P | 2024-02-20 | 2024-08-15 | $769,000 | $769,000 | ||
| US TREASURY BILL | P | 2024-07-29 | 2024-08-20 | $2,508,000 | $2,508,000 | ||
| CTF INVESTMENT SALES | P | $2,708,698 | $1,472,238 | $1,236,460 | $1,236,460 | ||
| K-1 PASS-THRU + SEC 1256 GAINS | P | $2,135,571 | $9,360 | $2,126,211 | $2,126,211 | ||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 | |||||
| CAPITAL GAIN DIVIDENDS | P | $564,698 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,277,245 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $92,506 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $92,506 | SubtotalAmt |
| Tax Based On Investment Income | $92,506 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $56,519 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $25,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $81,519 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $9 | EsPenaltyAmt |
| Tax Due | $10,996 | TaxDueAmt |
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 |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | 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 | thevalleefoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXA MASON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4154136710 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MIFFLIN PLACE SUITE 400 | AddressLine1Txt |
| City | CAMBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02138 | 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 (13 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 |
|---|---|---|---|---|---|---|---|---|
| Alexa M Mason | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | executive director/secretary | 35.0 | $229,009 | $20,089 | $0 |
| PETER CAMPOT | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | TREAsurer/director | 1.0 | $9,300 | $0 | $0 |
| JESPer Z Haeggstrom | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| WADE HARPER | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| PETER M Howley | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | PRESIDENT/Director | 1.0 | $9,300 | $0 | $0 |
| ELIZABETH HUIDEKOPER | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | ASSISTANT TREASURER/DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| EVANGELINA NOGALES | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| SHEILA OHLUND | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| DAME CAROL ROBINSON | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| ERNST-LUDWIG WINNACKER | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| MICHAEL f o'cONNELL | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | COUNSEL | 1.0 | $0 | $0 | $0 |
| LEWIS CANTLEY | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | VICE PRESIDENT/DIRECTOR | 1.0 | $9,300 | $0 | $0 |
| KAREN VOUSDEN | ||||||||
| One Mifflin Place Suite 400 | Cambridge | MA | 02138 | DIRECTOR | 1.0 | $9,300 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLINGTON TRUST COMPANY NA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 280 CONGRESS ST | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MGMT | ServiceTypeTxt |
| Compensation | $119,077 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Vallee Scholars Program (see attached statement) | Description1Txt |
| Expenses1 | $2,040,000 | Expenses1Amt |
| Description2 | VALLEE VISITING PROFESSORSHIP PROGRAM (see attached statement) | Description2Txt |
| Expenses2 | $50,000 | Expenses2Amt |
| Description3 | Vallee Symposia Program (see attached statement) | Description3Txt |
| Expenses3 | $468,317 | Expenses3Amt |
| Description4 | DEI Program (see attached statement) | Description4Txt |
| Expenses4 | $60,000 | Expenses4Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $63,723,978 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $957,026 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $64,681,004 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $64,681,004 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $970,215 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $63,710,789 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,185,539 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,185,539 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $92,506 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $92,506 | TotalTaxAmt |
| Distributable Before Adj | $3,093,033 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,093,033 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,093,033 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,252,078 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $3,252,078 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,093,033 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,406,835 | UndistributedIncomePYAmt |
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | PriorYear3Yr |
| Qualifying Distributions | $3,252,078 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,406,835 | AppliedToYear1Amt |
| Applied To Current Year | $1,845,243 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,247,790 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grants & Contributions Paid | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MIFFLIN PLACE SUITE 400 | AddressLine1Txt |
| City | CAMBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02138 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NOT RELATED | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | EXEMPT PURPOSE | GrantOrContributionPurposeTxt |
| Amt | $2,200,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,200,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $169,639 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,299,996 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,151,034 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| Credit Card Rewards | 01 | $508 |
| ROYALTTIES | 15 | $74 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,621,251 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,621,251 | TotalIncomeProducingActyAmt |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $14,969 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $14,969 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CTF Small Cap Opportunities Po | FMV | $3,412,111 | $3,412,111 |
| CTF TREASURY INFLATION PROTECT | FMV | $3,150,961 | $3,150,961 |
| CTF Real Estate Securities Por | FMV | $3,429,791 | $3,429,791 |
| CTF Core Bond Plus Portfolio | FMV | $3,143,116 | $3,143,116 |
| CTF Research Equity Portfolio | FMV | $8,485,351 | $8,485,351 |
| Charles Schwab Investments | FMV | $41,611,105 | $41,611,105 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $19,200 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $19,200 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| TELEPHONE AND TELECOMMUNICATIO | $2,461 | $0 | $0 | $2,461 |
| SUPPLIES | $4,224 | $0 | $0 | $4,224 |
| POSTAGE AND MAILING SERVICES | $549 | $0 | $0 | $549 |
| Other services | $61,868 | $0 | $0 | $61,868 |
| MEMBERSHIP DUES | $1,875 | $0 | $0 | $1,875 |
| MA STATE FILING FEE | $585 | $0 | $0 | $585 |
| K-1 Portfolio Deductions | $0 | $5,876 | $0 | $0 |
| INSURANCE | $9,174 | $0 | $0 | $9,174 |
| COMPUTER SOFTWARE | $15,602 | $0 | $0 | $15,602 |
| BANK SERVICE CHARGE | $475 | $0 | $0 | $475 |
| EQUIPMENT RENTAL & MAINTENANCE | $594 | $0 | $0 | $594 |
| PAYROLL EXPENSE | $81 | $0 | $0 | $81 |
| SYMPOSIA EVENT TRAVEL EXPENSES | $409,432 | $0 | $0 | $409,432 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERSHIP INVESTMENT INCOME | $0 | $23,486 | $0 |
| CREDIT CARD REWARDS | $508 | $508 | $0 |
| Royalties | $74 | $74 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $2,214,807 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | $119,077 | $119,077 | $0 | $0 |
| other service fees | $114 | $0 | $0 | $114 |
| payroll services fee | $2,160 | $0 | $0 | $2,160 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| 2024 ESTIMATED TAX PAYMENT | $35,000 | $0 | $0 | $0 |
| 2023 EXTENSION PAYMENT | $10,000 | $0 | $0 | $0 |
| Foreign Tax | $36,951 | $38,566 | $0 | $0 |
| Payroll Tax | $14,066 | $0 | $0 | $14,066 |