BRENNAN CHARITABLE FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BRENNAN CHARITABLE FOUNDATION INC (EIN 11-3374432)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-02
IRS object ID: 202143069349101859
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
Other Expenses Schedule
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-02T14:08:12-07:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Joseph L Gil CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	44 South Bayles Avenue Suite 206	AddressLine1Txt
City	Port Washington	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11050	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	113374432	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Brennan Charitable Foundation Inc	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BREN	BusinessNameControlTxt
Phone	5163281100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	131 Tulip Avenue	AddressLine1Txt
City	Floral Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11001	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	John Brennan	PersonNm
Person Title	President	PersonTitleTxt
Phone	5163281100	PhoneNum
Signature	2021-02-23	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	John	PersonFirstNm
Person Last	Brennan	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Joseph L Gil CPA PC	PreparerPersonNm
PTIN	P00110608	PTIN
Phone	5167672760	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,044,940	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	$14	InterestOnSavRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm	$272,650	CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss	$0	GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss	$0	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$14	TotalRevAndExpnssAmt
Total Net Invst Incm	$272,650	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$0	LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss	$950	AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$0	OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss	$441	TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss	$0	DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss	$453	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,844	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$301,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$301,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$302,844	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$301,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$302,830	ExcessRevenueOverExpensesAmt
Net Investment Income	$272,650	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$56,010	CashBOYAmt
Cash EOY	$71,066	CashEOYAmt
Cash EOYFMV	$71,066	CashEOYFMVAmt
Rcvbl From Officers EOY	$0	RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY	$0	OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY	$939,381	CorporateStockBOYAmt
Corporate Stock EOY	$973,874	CorporateStockEOYAmt
Corporate Stock EOYFMV	$973,874	CorporateStockEOYFMVAmt
Land Bldg Investments EOY	$0	LandBldgInvestmentsEOYAmt
Other Investments EOY	$0	OtherInvestmentsEOYAmt
Land EOY	$0	LandEOYAmt
Other Assets BOY	$0	OtherAssetsBOYAmt
Other Assets EOY	$0	OtherAssetsEOYAmt
Other Assets EOYFMV	$0	OtherAssetsEOYFMVAmt
Total Assets BOY	$995,391	TotalAssetsBOYAmt
Total Assets EOY	$1,044,940	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,044,940	TotalAssetsEOYFMVAmt
Loans From Officers EOY	$0	LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY	$0	MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY	$0	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$0	OtherLiabilitiesEOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$995,391	RetainedEarningBOYAmt
Retained Earning EOY	$1,044,940	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$995,391	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,044,940	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$995,391	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,044,940	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$995,391	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$302,830	ExcessRevenueOverExpensesAmt
Other Increases	$352,379	OtherIncreasesAmt
Subtotal	$1,044,940	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,044,940	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Barkshire Hathaway Class A	PropertyDesc
How Acquired	D	HowAcquiredCd
Acquired	2016-12-23	AcquiredDt
Sold	2020-12-31	SoldDt
Gross Sales Price	$272,650	GrossSalesPriceAmt
Depreciation	$0	DepreciationAmt
Cost Or Other Basis	$0	CostOrOtherBasisAmt
Gain Or Loss	$272,650	GainOrLossAmt
FMV As Of123169	$0	FMVAsOf123169Amt
Adjusted Basis As Of123169	$0	AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss	$0	ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses	$272,650	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$272,650	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$3,790	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$3,790	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$3,790	TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid	$3,790	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$3,790	TotalPaymentsAndCreditsAmt
Tax Due	$0	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	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	N/A	WebsiteAddressTxt
Individual With Books	John Brennan	IndividualWithBooksNm
Phone	5163281100	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	131 Tulip Avenue	AddressLine1Txt
City	Floral Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11001	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	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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
John V Brennan
596 Ocean Road	Indian River Shores	FL	32963	President	5.00	$0	$0	$0
Anita M Brennan
596 Ocean Road	Indian River Shores	FL	32963	Treasurer	3.00	$0	$0	$0
John O Brennan
147 Whitehall Blvd	Garden City	NY	11530	Secretary	3.00	$0	$0	$0
Paul F Brennan
83 Eton Road	Garden City	NY	11530	Director	1.00	$0	$0	$0
Marbeth B MaGee
4981 Last Stand Drive	Park City	UT	84098	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
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$973,874	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$78,255	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,052,129	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$1,052,129	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$15,782	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,036,347	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$51,817	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$51,817	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$3,790	TaxBasedOnInvestmentIncomeAmt
Total Tax	$3,790	TotalTaxAmt
Distributable Before Adj	$48,027	DistributableBeforeAdjAmt
Distributable Before Ded	$48,027	DistributableBeforeDedAmt
Distributable As Adjusted	$48,027	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$301,000	ExpensesAndContributionsAmt
Charitable Assets Acquis Paid	$175	CharitableAssetsAcquisPaidAmt
Qualifying Distributions	$301,175	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$301,175	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$48,027	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2	$240,984	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$241,090	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$482,074	TotalExcessDistributionCyovAmt
Qualifying Distributions	$301,175	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$48,027	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$253,148	RemainingDistriFromCorpusAmt
Total Corpus	$735,222	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$735,222	ExcessDistriCyovToNextYrAmt
Excess From Year4	$0	ExcessFromYear4Amt
Excess From Year3	$0	ExcessFromYear3Amt
Excess From Year2	$240,984	ExcessFromYear2Amt
Excess From Year1	$241,090	ExcessFromYear1Amt
Excess From Current Year	$253,148	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
East End Hospice
481 Westhampton-Riverhead Road	Westhampton Beach	NY	119787048	PublicCharity	Charity	$40,000
Bishop McDonnell Alumnae Association
357 Clermont Avenue	Brooklyn	NY	11238	PublicCharity	Charity	$10,000
Kellenberg Memorial High School
1400 Glen Curtiss Blvd	Uniondale	NY	11553	CatholicSchool	Education	$5,000
Piarist Fathers Development Program
PO Box 11822	Fort Launderdale	FL	33339	PublicCharity	Charity	$1,000
The INN-Interfaith Nutrition Network
211 Fulton Avenue	Hempstead	NY	11550	Public Charity	Charity	$100,000
Peconic Bay Medical Center
1300 Roanoke Avenue	Riverhead	NY	11901	Hospital	Charity	$50,000
East End Hospice
481 Westhampton Riverhead Road	Westhampton Beach	NY	11978	Public Charity	Charity	$25,000
St John's University
8000 Utopia Parkway	Queens	NY	11439	School	Education	$25,000
Bishop McDonnell Alumnae Association
357 Clermont Avenue	Brooklyn	NY	11238	PublicCharity	Charity	$25,000
Our Lady of Florida Spiritual Center
1300 US Highway One	North Palm Beach	FL	33408	PublicCharity	Charity	$20,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$301,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$14	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$272,650	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$272,664	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$272,664	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	N/A	LineNumberTxt
Relationship Statement	N/A	RelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Mulligan & Grote, CPA, P.C. 2019 Tax Return	CategoryTxt
Amt	$950	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Advertising	$28
NYS Filing Fee	$250
UBS Management Fee	$175

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDesc	AmtAmt
Increase in Value of Securities	$79,729
Net Investment Income	$272,650

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	2019 990-PF Payment	CategoryTxt
Amt	$441	Amt