THORESEN FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THORESEN FOUNDATION (EIN 36-6102493)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-03
- IRS object ID
- 202143079349100519
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-03T10:00:58-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 PEACHTREE STREET NE SUITE 2200 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | 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 | 366102493 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THORESEN FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | THOR | BusinessNameControlTxt |
| Phone | 8282605480 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO M THORESEN 2725 WOODRIDGE CHA | AddressLine1Txt |
| City | CANTON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30114 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL THORESEN | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 8282605480 | PhoneNum |
| Signature | 2021-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | THORESEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA ADAMS | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 4042090954 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $41,982,471 | 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 |
| Dividends Rev And Expnss | $673,852 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $673,852 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $80,183 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $80,183 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $10,852 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $4,814,678 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $45,329,910 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,814,678 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $157,995 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $157,995 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,726,708 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,726,708 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $240,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $96,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $144,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,800 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,800 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $90,399 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $90,399 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $176 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $34,491 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $34,491 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $9,964 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $3,986 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,978 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $82,627 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $43,427 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $15 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $462,457 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $268,303 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $154,793 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $745,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $745,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,207,457 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $268,303 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $899,793 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,519,251 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,458,405 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $4,586,641 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,226,176 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,226,176 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $4,062,680 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $21,290 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $22,786 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $12,976,218 | CorporateStockBOYAmt |
| Corporate Stock EOY | $30,953,175 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $34,252,531 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,237,900 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $2,012,676 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $68,752 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $1,940,405 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,943,924 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $2,189,449 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $8,944,618 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,123,148 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,291,529 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $34,748,462 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,267,713 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $41,982,471 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | 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 | $34,748,462 | RetainedEarningBOYAmt |
| Retained Earning EOY | $39,267,713 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $34,748,462 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $39,267,713 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $34,748,462 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $39,267,713 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $34,748,462 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,519,251 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $39,267,713 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $39,267,713 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | SoldSoldDt |
|---|---|---|---|---|---|---|
| PUBLICLY-TRADED SECURITIES | P | $44,282,567 | $39,515,232 | $4,767,335 | $4,767,335 | |
| CAPITAL GAIN DISTRIBUTIONS | P | $103,883 | $103,883 | $103,883 | ||
| OWL ROCK CAPITAL CORPORATION II | P | $915,105 | $1,000,000 | -$84,895 | -$84,895 | 2020-04-23 |
| FROM SCHEDULES K-1 | P | $28,355 | $28,355 | $28,355 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,814,678 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $75,872 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $75,872 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $75,872 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,910 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $70,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $76,910 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1,386 | EsPenaltyAmt |
| Tax Due | $348 | 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 | 0 | 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 | IL | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6789069908 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O M THORESEN 2725 WOODRIDGE CHASE | AddressLine1Txt |
| City | CANTON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30114 | 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 | 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 | 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL THORESEN | ||||||||
| 2725 WOODRIDGE CHASE | CANTON | GA | 30114 | TRUSTEE | 20.00 | $120,000 | $0 | $0 |
| PAUL O'CONNELL | ||||||||
| 132 GRASSY GAP LOOP | BEECH MOUNTAIN | NC | 28604 | TRUSTEE | 20.00 | $120,000 | $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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEX BROWN | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 N MAIN STREET STE 2400 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MGMT | ServiceTypeTxt |
| Compensation | $65,189 | CompensationAmt |
| 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 | $32,584,421 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,781,883 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,994,214 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $38,360,518 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $38,360,518 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $575,408 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $37,785,110 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,889,256 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,889,256 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $75,872 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $75,872 | TotalTaxAmt |
| Distributable Before Adj | $1,813,384 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,813,384 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,813,384 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $899,793 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $899,793 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $899,793 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,813,384 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $130,007 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $92,123 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $133,207 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $65,771 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $231,080 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $652,188 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $899,793 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $899,793 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $652,188 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $652,188 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $261,403 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | 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 | MICHAEL THORESEN | ContributingManagerNm |
| 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 RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CATHOLIC CHARITIES | |||||||
| 990 EDDY STREET | SAN FRANCISCO | CA | 94109 | N/A | PC | CYO AGING ADULT SERVICES, CYO ATHLETICS, CYO CAMP & CYO TREASURE ISLAND CHILD DEVELOPMENT CENTER | $250,000 |
| CHILDHELP | |||||||
| 4350 E CAMELBACK RD BLDG F 250 | PHOENIX | AZ | 85018 | N/A | PC | SPONSORSHIP | $25,000 |
| COLLEGE OF THE OZARKS | |||||||
| 100 OPPORTUNITY AVE | POINT LOOKOUT | MO | 65726 | N/A | PC | OPERATIONAL SUPPORT | $50,000 |
| DOLPHIN SWIMMING AND BOATING FOUNDATION | |||||||
| 502 JEFFERSON STREET | SAN FRANCISCO | CA | 94109 | N/A | PC | OPERATIONAL SUPPORT | $75,000 |
| GRANDFATHER MOUNTAIN STEWARDSHIP FOUNDATION | |||||||
| 2050 BLOWING ROCK HWY | LINVILLE | NC | 28646 | N/A | PC | OPERATIONAL SUPPORT | $100,000 |
| HEBRON COLONY MINISTRIES INC | |||||||
| 356 OLD TURNPIKE RD | BOONE | NC | 28607 | N/A | PC | OPERATIONAL SUPPORT | $5,000 |
| PARC | |||||||
| 3333 COYOTE HILL RD | PALO ALTO | CA | 94304 | N/A | PC | OPERATIONAL SUPPORT AND ENDOWMENT | $100,000 |
| SPORT TECH INC | |||||||
| 332 FIRECREST AVE | PACIFICA | CA | 94044 | N/A | PC | LEAGUE ANNUAL FEES, EQUIPMENT STORAGE & FIELD RENTALS | $15,000 |
| ST JUDE CHILDREN RESEARCH HOSPITAL | |||||||
| 645 E MISSOURI AVE STE 255 | PHOENIX | AZ | 85012 | N/A | PC | 2 MAJOR SURGICAL PROCEDURES FOR A PATIENT | $75,000 |
| WILLIAMS YMCA | |||||||
| 436 HOSPITAL DR PO BOX 707 | LINVILLE | NC | 28646 | N/A | PC | OPERATIONAL SUPPORT | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $745,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $673,852 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $10,852 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $157,995 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,814,678 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,657,377 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,657,377 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $4,800 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,800 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Prior Year DepreciationPriorYearDepreciationAmt | LifeLifeRt |
|---|---|---|---|---|---|---|---|
| LAND | 2012-04-12 | $1,032,500 | L | $0 | $0 | ||
| BUILDING | 2012-04-12 | $442,500 | SL | $16,091 | $16,091 | $16,091 | 27.500000000000 |
| BLDG IMPROVEMENTS | 2013-12-31 | $346,666 | SL | $12,606 | $12,606 | $12,606 | 27.500000000000 |
| BLDG IMPROVEMENTS | 2014-12-31 | $153,000 | SL | $5,564 | $5,564 | $5,564 | 27.500000000000 |
| BLDG IMPROVEMENTS | 2020-11-15 | $38,010 | SL | $230 | $230 | 27.500000000000 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALGER SMALL CAP FOCUS FUND | $375,000 | $443,145 |
| ALGER WEATHERBIE SPECIALIZED GROWTH FUND | $394,475 | $471,166 |
| GUGGENHEIM TOTAL RETURN BOND FUND INST CLASS | $1,837,479 | $1,974,959 |
| INVESCO S&P 500 EQUAL WEIGHT ETF | $2,300,705 | $2,363,316 |
| ISHARES TR CORE S&P 500 ETF | $12,303,175 | $13,738,899 |
| ISHARES TR CORE S&P MCP ETF | $840,358 | $1,073,076 |
| ISHARES TR CORE S&P SCP ETF | $1,521,990 | $1,780,195 |
| ISHARES TR CORE US AGGBD ET | $4,200,769 | $4,345,255 |
| ISHARES TR MSCI USA MIN VOL | $2,276,730 | $2,328,827 |
| NUANCE MID CAP VALUE FUND INST | $754,426 | $840,426 |
| THORNBURG STRATEGIC INCOME FUND CLASS I | $1,962,866 | $2,135,547 |
| WCM FOCUSED INTERNATIONAL GROWTH FD INST CL | $2,185,202 | $2,757,720 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $0 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $21,290 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $22,786 | StateLocalSecEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $1,032,500 | $0 | $1,032,500 | $1,278,025 |
| BUILDING | $442,500 | $32,182 | $410,318 | $410,318 |
| BLDG IMPROVEMENTS | $346,666 | $25,212 | $321,454 | $321,454 |
| BLDG IMPROVEMENTS | $153,000 | $11,128 | $141,872 | $141,872 |
| BLDG IMPROVEMENTS | $38,010 | $230 | $37,780 | $37,780 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CARLYLE ENERGY MEZZANINE ACCESS - ASP FUND | AT COST | $513,699 | $106,161 |
| GPB HOLDINGS II, LP | AT COST | $1,109,449 | $415,298 |
| HUDSON BAY FUND (INTL) LTD | AT COST | $700,000 | $765,454 |
| NUVEEN GLOBAL CITIES REIT INCORPORATED COM CLASS D REIT | AT COST | $1,050,000 | $1,023,726 |
| SEG PARTNERS OFFSHORE, LTD. | AT COST | $1,750,000 | $1,980,890 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER INVESTMENT EXPENSES | $1,519 | $1,519 | $0 |
| K-1 EXPENSES | $7,546 | $7,068 | $0 |
| STATE FILING FEES | $15 | $0 | $15 |
| K-1 UBTI LOSS | $38,707 | $0 | $0 |
| RENTAL EXPENSES | $34,840 | $34,840 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OWL ROCK CAPITAL CORP DIVIDENDS | $137,526 | $137,526 | $137,526 |
| K-1 INCOME | $20,469 | $20,469 | $20,469 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $90,399 | Amt |
| Net Investment Income | $90,399 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX | CategoryTxt |
| Amt | $176 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |