OHRSTROM FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- OHRSTROM FOUNDATION INC (EIN 54-6039966)
- Tax period
- 2021-06-01 to 2021-10-15
- Filed
- 2021-11-09
- IRS object ID
- 202123139349101967
- Schema version
- 2020v4.1
- 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
- Dissolution Stmt
- General Explanation Attachment
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-09T12:14:30-06:00 | ReturnTs |
| Tax Period End | 2021-10-15 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546039966 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OHRSTROM FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O PKF O'CONNOR DAVIES LLP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OHRS | BusinessNameControlTxt |
| Phone | 2122862600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10528 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CLARKE OHRSTROM | PersonNm |
| Person Title | VICE PRESIDENT & DIRECTOR | PersonTitleTxt |
| Phone | 2122862600 | PhoneNum |
| Signature | 2021-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CLARKE | PersonFirstNm |
| Person Last | OHRSTROM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS BLANEY | PreparerPersonNm |
| PTIN | P00234022 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2021-11-02 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | 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 | $115 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $115 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $453,209 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $453,209 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $72,892 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $162,116 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $72,892 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $526,216 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $526,216 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $115,392 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $115,392 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $46,920 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $46,920 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $139,981 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $18,227 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $121,754 | OtherProfFeesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,121 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,121 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $304,414 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $18,227 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $286,187 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $304,414 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $18,227 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $286,187 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $221,802 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $507,989 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,821,175 | SavAndTempCashInvstBOYAmt |
| US Government Obligations BOY | $14,564,809 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,182,770 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $48,091,351 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $68,660,105 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $68,660,105 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $0 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $68,660,105 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $68,660,105 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $68,660,105 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $221,802 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $68,881,907 | SubtotalAmt |
| Other Decreases | $68,881,907 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | SALES OF PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $162,116 | GrossSalesPriceAmt |
| Cost Or Other Basis | $89,224 | CostOrOtherBasisAmt |
| Gain Or Loss | $72,892 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $72,892 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $72,892 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,061 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,061 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,061 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $18,226 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $18,226 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $11,165 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $11,165 | RefundAmt |
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 | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PKF O'CONNOR DAVIES LLP | IndividualWithBooksNm |
| Phone | 2122862600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10528 | 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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| 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 (9 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 |
|---|---|---|---|---|---|---|---|---|---|
| WCAREY CRANE III | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | VICE PRESIDENT & DIRECTOR | 1.00 | $0 | $0 | $0 |
| KRISTIANE C GRAHAM | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | VICE PRESIDENT & DIRECTOR | 1.00 | $0 | $0 | $0 |
| CLARKE OHRSTROM | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | VICE PRESIDENT & DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK J OHRSTROM | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | TREASURER | 1.00 | $0 | $0 | $0 |
| JENNIFER L FRANKLIN | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | SECRETARY | 1.00 | $0 | $0 | $0 |
| RICHARD MITTENTHAL | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | ASSISTANT SECRETARY/TREASU | 1.00 | $0 | $0 | $0 |
| WINIFRED O NICHOLS | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CHRISTOPHER F OHRSTROM | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| GEORGE L OHRSTROM II | |||||||||
| C/O PKF OCONNOR DAVIES LLP 500 | MAMARONECK AVE | HARRISON | NY | 10528 | DIRECTOR | 1.00 | $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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TCC GROUP | |||||
| 333 SEVENTH AVE 9TH FLOOR | NEW YORK | NY | 10001 | GRANTS MANAGEMENT | $121,754 |
| SIMPSON THACHER & BARTLETT LLP | |||||
| 425 LEXINGTON AVENUE | NEW YORK | NY | 10017 | LEGAL SERVICES | $115,392 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $46,532,352 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,107,184 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $47,639,536 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $47,639,536 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $714,593 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $46,924,943 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $880,640 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $880,640 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,061 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,061 | TotalTaxAmt |
| Distributable Before Adj | $873,579 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $873,579 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $873,579 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $286,187 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $286,187 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $286,187 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $873,579 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $2,133,375 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,133,375 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $286,187 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $286,187 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $587,392 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $587,392 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,545,983 | 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 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,545,983 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $1,545,983 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $115 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $453,209 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $72,892 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $526,216 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $526,216 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| DEMASCO, SENA & JAHELKA LLP - BOOKKEEPING | $18,000 | $0 | $18,000 |
| PKF O'CONNOR DAVIES, LLP - TAX PREP. SERVICES | $28,920 | $0 | $28,920 |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Short ExplanationShortExplanationTxt | DissolutionDissolutionAmt |
|---|---|---|---|---|---|
| CATESBY FOUNDATION | |||||
| PO BOX 500 6384 STUART STREET | THE PLAINS | VA | 201980500 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 8 | $41,939,382 |
| BC FAMILY FOUNDATION INC CO BRANE-STROM LLC | |||||
| 101 NORTH JAY STREET | MIDDLEBURG | VA | 20117 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 8 | $41,962,002 |
| THE FOURTEN FOUNDATION CO CURTIS MALLET-PREVOST COLT & MOSLE | |||||
| 101 PARK AVENUE | NEW YORK | NY | 10178 | CASH AND SECURITIES TRANSFERRED - SEE STATEMENT 8 | $42,037,284 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXCESS DISTRIBUTIONS | IdentifierTxt |
| Form And Line Reference | 990-PF, PART XIII, LINE 10(D) | FormAndLineReferenceDesc |
| Medium Explanation | THE OHRSTROM FOUNDATION, INC. TRANSFERRED ALL OF ITS ASSETS TO THE THREE TRANSFEREE FOUNDATIONS LISTED IN STATEMENT 8, EACH OF WHICH IS EFFECTIVELY CONTROLLED, DIRECTLY OR INDIRECTLY, WITHIN THE MEANING OF TREAS. REG. SECTION 1.507-3(A)(9)(I), BY THE SAME PERSON OR PERSONS WHO EFFECTIVELY CONTROL THE OHRSTROM FOUNDATION, INC. AS A RESULT, EACH TRANSFEREE FOUNDATION IS TREATED AS IF IT IS THE OHRSTROM FOUNDATION, INC. IN TERMS OF ANY EXCESS DISTRIBUTIONS AND HENCE EACH TRANSFEREE FOUNDATION WILL INHERIT, IN THREE EQUAL SHARES, THE $1,545,983 IN EXCESS DISTRIBUTIONS GENERATED IN THE OHRSTROM FOUNDATION, INC.'S 2020 TAX YEAR (I.E., THE FISCAL YEAR ENDED MAY 31, 2021), AS REPORTED ON LINE 10D OF PART XIII OF THIS IRS FORM 990-PF. STATED DIFFERENTLY, EACH OF THOSE TRANSFEREE FOUNDATIONS WILL SUCCEED TO A QUALIFYING DISTRIBUTION CARRYFORWARD OF $515,327. | MediumExplanationTxt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THROUGH RESOLUTIONS ADOPTED AT A MEETING ON APRIL 21, 2021 (THE "BOARD RESOLUTIONS"), THE OHRSTROM FOUNDATION, INC.'S BOARD OF DIRECTORS APPROVED THE DISSOLUTION OF THE OHRSTROM FOUNDATION, INC. AND THE TRANSFER OF ALL OF ITS ASSETS, AFTER THE PAYMENT OF LIABILITIES, IN THREE EQUAL SHARES TO THE FOURTEN FOUNDATION, BC FAMILY FOUNDATION, INC. AND CATESBY FOUNDATION (THE "TRANSFEREES"). IN ADDITION, THROUGH RESOLUTIONS ADOPTED AT MEETINGS ON MAY 10, 2021, MAY 23, 2021 AND MAY 24, 2021 (THE "MEMBER RESOLUTIONS"), THE OHRSTROM FOUNDATION, INC.'S MEMBERS (IN THE FORM OF THREE FAMILY GROUP BOARDS) APPROVED THE DISSOLUTION OF THE OHRSTROM FOUNDATION, INC. AND THE TRANSFER OF ALL OF ITS ASSETS, AFTER THE PAYMENT OF LIABILITIES, IN THREE EQUAL SHARES TO THE TRANSFEREES. A COPY OF EACH OF THE BOARD RESOLUTIONS AND THE MEMBER RESOLUTIONS, ACCOMPANIED BY SECRETARY'S CERTIFICATES, ARE ATTACHED. EACH OF THE TRANSFEREES IS A TAX-EXEMPT PRIVATE FOUNDATION WHICH IS EFFECTIVELY CONTROLLED, DIRECTLY OR INDIRECTLY, WITHIN THE MEANING OF TREAS. REG. SECTION 1.507-3(A)(9)(I), BY THE SAME PERSON OR PERSONS WHO EFFECTIVELY CONTROL THE OHRSTROM FOUNDATION, INC. THE NAMES AND ADDRESSES OF THE TRANSFEREES ARE AS FOLLOWS: 1. THE FOURTEN FOUNDATION C/O CURTIS MALLET-PREVOST, COLT & MOSLE 101 PARK AVENUE NEW YORK, NY 10178 2. BC FAMILY FOUNDATION, INC. C/O BRANE-STROM LLC 101 NORTH JAY STREET MIDDLEBURG, VIRGINIA 20117 3. CATESBY FOUNDATION C/O LARKSPUR SERVICES INC. P.O. BOX 500, 6384 STUART STREET THE PLAINS, VA 20198 THE TRANSFER OF ASSETS TOTALING $694,031.13 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $41,343,253.36 TO THE FOURTEN FOUNDATION WAS COMPLETED BY THE OHRSTROM FOUNDATION, INC. ON OCTOBER 12, 2021. THE TRANSFER OF ASSETS TOTALING $694,031.13 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $41,267,970.43 TO BC FAMILY FOUNDATION, INC. WAS COMPLETED BY THE OHRSTROM FOUNDATION, INC. ON OCTOBER 12, 2021. THE TRANSFER OF ASSETS TOTALING $694,031.13 IN CASH AND INVESTMENT ASSETS HAVING A FAIR MARKET VALUE OF $41,245,351.18 TO CATESBY FOUNDATION WAS COMPLETED BY THE OHRSTROM FOUNDATION, INC. ON OCTOBER 12, 2021. THE OHRSTROM FOUNDATION, INC. FILED A CERTIFICATE OF DISSOLUTION WITH THE DELAWARE SECRETARY OF STATE ON OCTOBER 15, 2021, A COPY OF WHICH IS ATTACHED. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SIMPSON THACHER & BARTLETT LLP | CategoryTxt |
| Legal Fees | $115,392 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $115,392 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRANSFERS OF CASH AND VARIOUS SECURITIES | Desc |
| Amt | $68,881,907 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EXPENSES AND BANK FEES | $150 | $0 | $150 |
| FILING FEES | $1,866 | $0 | $1,866 |
| WIRE FEES | $105 | $0 | $105 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TCC GROUP - GRANT ADMIN FEES | $121,754 | $0 | $121,754 |
| DISCIPLINED CAPITAL MANAGEMENT FEES | $18,227 | $18,227 | $0 |