MERLE CHAMBERS FUND: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MERLE CHAMBERS FUND (EIN 84-0929410)
- Tax period
- 2018-12-01 to 2019-11-30
- Filed
- 2020-03-11
- IRS object ID
- 202040719349100109
- Schema version
- 2018v3.1
- 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
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-03-11T13:26:31-05:00 | ReturnTs |
| Tax Period End | 2019-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kundinger Corder & Engle PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 Lincoln St Ste 200 | AddressLine1Txt |
| City | Denver | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840929410 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Merle Chambers Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERL | BusinessNameControlTxt |
| Phone | 3038394620 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3200 E Cherry Creek South Dr No 540 | AddressLine1Txt |
| City | Denver | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80209 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Merle Chambers | PersonNm |
| Person Title | Chair/President | PersonTitleTxt |
| Phone | 3038394620 | PhoneNum |
| Signature | 2020-03-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Laurie Anderson | PreparerPersonNm |
| PTIN | P01416697 | PTIN |
| Phone | 3035345953 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | 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 | $77,896,881 | 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 | $452,970 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $452,970 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,477,109 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $1,477,109 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $79,368 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $77,440 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,009,447 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,007,519 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $166,064 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $166,064 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $27,542 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $27,542 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $4,103 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $756 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,347 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $22,746 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,400 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $17,346 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $58,802 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $50,714 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $8,088 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $48,759 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,759 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $861,719 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $2,284 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,284 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $190 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $190 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $17,081 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $17,081 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,209,290 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $64,629 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $241,942 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,222,231 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,222,231 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,431,521 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $64,629 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,464,173 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$422,074 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,942,890 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,858,082 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $816,688 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $816,688 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $9,896,005 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,527,228 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $17,526,512 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $5,679,323 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,837,476 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,819,522 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $16,187,871 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $15,879,534 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $21,111,845 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $33,914,892 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,292,578 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $33,484,033 | LandBOYAmt |
| Land EOY | $32,622,314 | LandEOYAmt |
| Land EOYFMV | $32,622,314 | LandEOYFMVAmt |
| Total Assets BOY | $67,105,314 | TotalAssetsBOYAmt |
| Total Assets EOY | $66,683,240 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $77,896,881 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $67,105,314 | RetainedEarningBOYAmt |
| Retained Earning EOY | $66,683,240 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $67,105,314 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $66,683,240 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $67,105,314 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $66,683,240 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $67,105,314 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$422,074 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $66,683,240 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $66,683,240 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|
| Gain on sale of publicly traded securities | $867,959 | $867,959 | |
| Cerberus International LTD | $61,395 | $61,395 | P |
| Brinson Partnerships | $118,488 | $118,488 | P |
| Davidson Kempner Institutional | $144,406 | $144,406 | P |
| GQG Emerging Markets Equity Fund | -$194,912 | -$194,912 | P |
| Newport Asia | $469,224 | $469,224 | P |
| Renaissance Institutional Diversified Alpha Fund | $10,549 | $10,549 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,477,109 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,213,538 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $42,133,329 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.052537 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $13,277,635 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $49,452,086 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.268495 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $13,216,624 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $49,823,244 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.265270 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,719,889 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $57,388,578 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.082244 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $11,071,482 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $59,164,520 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.187130 | DistributionYr5Rt |
| Total Distribution | 0.855676 | TotalDistributionRt |
| Average Distribution | 0.171135 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $43,210,723 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $7,394,867 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $19,429 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $7,414,296 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,464,173 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $38,858 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $38,858 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $38,858 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,382 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $42,382 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,524 | OverpaymentAmt |
| Applied To ES Tax | $3,524 | AppliedToESTaxAmt |
| Refund | $0 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | chambersfund.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Joel Ours Controller | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3038394608 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3200 E Cherry Creek South Drive | AddressLine1Txt |
| Address Line2 | Suite 540 | AddressLine2Txt |
| City | Denver | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80209 | 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 | 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 (6 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 |
|---|---|---|---|---|---|---|---|---|---|
| Merle C Chambers | |||||||||
| 3200 E Cherry Creek South Drive | Suite 540 | Denver | CO | 80209 | Chair/President | 12.00 | $0 | $0 | $0 |
| Letty Bass | |||||||||
| 3200 E Cherry Creek South Drive | Suite 540 | Denver | CO | 80209 | Secretary/Executive Dir. thru 6.30.19 | 40.00 | $135,178 | $13,338 | $0 |
| Sally Leibbrandt | |||||||||
| 3200 E Cherry Creek South Drive | Suite 540 | Denver | CO | 80209 | Treasurer | 3.00 | $0 | $0 | $0 |
| Donald Hopkins | |||||||||
| 3200 E Cherry Creek South Drive | Suite 540 | Denver | CO | 80209 | Director | 0.50 | $0 | $0 | $0 |
| Marla Williams | |||||||||
| 3200 E Cherry Creek South Drive | Suite 540 | Denver | CO | 80209 | Director | 0.50 | $0 | $0 | $0 |
| Katharine Arnold | |||||||||
| 3200 E Cherry Creek South Drive | Suite 540 | Denver | CO | 80209 | Secretary from 7.1.2019 | 3.00 | $30,886 | $1,680 | $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 | Monticello & Associates | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1800 Larimer St Suite 2100 | AddressLine1Txt |
| City | Denver | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment advisor | ServiceTypeTxt |
| Compensation | $50,000 | 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 | $42,560,730 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,308,024 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $43,868,754 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $43,868,754 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $658,031 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $43,210,723 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,160,536 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,160,536 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $38,858 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $38,858 | TotalTaxAmt |
| Distributable Before Adj | $2,121,678 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,121,678 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,121,678 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,464,173 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,464,173 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,464,173 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,121,678 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $8,299,010 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,890,076 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $10,846,418 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $11,067,829 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $128,490 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $32,231,823 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,464,173 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,464,173 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $657,505 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $657,505 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $31,574,318 | 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 | $7,641,505 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $23,932,813 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,890,076 | ExcessFromYear4Amt |
| Excess From Year3 | $10,846,418 | ExcessFromYear3Amt |
| Excess From Year2 | $11,067,829 | ExcessFromYear2Amt |
| Excess From Year1 | $128,490 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Merle C Chambers | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (41 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| American Red Cross | ||||||
| 431 18th Street NW | Washington | DC | 20006 | Public Charity | Hurricane Dorian Relief Fund | $100 |
| The Aspen Institute | ||||||
| 2300 N Street NW 700 | Washington | DC | 200371122 | Public Charity | Ascend at the Aspen Institute | $200,000 |
| The Bell Policy Center | ||||||
| 1905 Sherman Street Suite 900 | Denver | CO | 80203 | Public Charity | General Support | $150,000 |
| The Bell Policy Center | ||||||
| 1905 Sherman Street Suite 900 | Denver | CO | 80203 | Public Charity | General Support for Development Consultant | $19,000 |
| Central City Opera House Association | ||||||
| PO Box 1212 | Wheat Ridge | CO | 80034 | Public Charity | General Support | $1,000 |
| Clayton Early Learning | ||||||
| 3801 Martin Luther King Boulevard | Denver | CO | 80205 | Public Charity | Colorado Early Learning Policy Initiative | $10,000 |
| Colorado Ballet | ||||||
| 1075 Santa Fe Drive | Denver | CO | 80204 | Public Charity | General Support | $10,000 |
| Colorado Center on Law and Policy | ||||||
| 789 Sherman Street Suite 300 | Denver | CO | 80203 | Public Charity | General Support | $25,000 |
| Colorado Children's Campaign | ||||||
| 1580 Lincoln Street Suite 420 | Denver | CO | 80203 | Public Charity | General Support | $25,050 |
| Colorado Children's Campaign | ||||||
| 1580 Lincoln Street Suite 420 | Denver | CO | 80203 | Public Charity | Event Support | $500 |
| Colorado Civic Engagement Roundtable | ||||||
| 1120 Lincoln Suite 900 | Denver | CO | 80203 | Public Charity | Vision 2020 | $20,000 |
| Colorado Fiscal Institute | ||||||
| 1905 Sherman Street Suite 225 | Denver | CO | 80203 | Public Charity | General Support | $25,000 |
| Colorado Public Radio | ||||||
| 7409 S Alton Court | Centennial | CO | 80112 | Public Charity | General Support | $100 |
| Colorado Symphony Association | ||||||
| 1000 14th Street No 15 | Denver | CO | 80202 | Public Charity | General Support | $10,000 |
| Communities Foundation of Oklahoma | ||||||
| 2932 NW 122nd Street Suite D | Oklahoma City | OK | 731201955 | Public Charity | Women's Foundation of Oklahoma | $25,000 |
| Community Resource Center | ||||||
| 789 Sherman Street Suite 210 | Denver | CO | 80203 | Public Charity | Participation Project | $25,000 |
| Curious Theatre Company | ||||||
| 1080 Acoma Street | Denver | CO | 802044035 | Public Charity | General Support | $100 |
| Denver Art Museum | ||||||
| 100 West 14th Avenue Parkway | Denver | CO | 80204 | Public Charity | Vision 2021 Capital Campaign | $200,000 |
| Early Milestones Colorado | ||||||
| 1600 Downing Street Suite 750 | Denver | CO | 80218 | Public Charity | General Support | $25,000 |
| Cobalt Foundation | ||||||
| PO Box 22485 | Denver | CO | 802220485 | Public Charity | General Support | $35,000 |
| Global Fund for Women | ||||||
| 800 Market Street Seventh Floor | San Francisco | CA | 94102 | Public Charity | General Support | $10,000 |
| Juvenile Diabetes Research Foundation | ||||||
| 2727 Bryant Street Suite 380 | Denver | CO | 80211 | Public Charity | General Support | $75 |
| Metro Caring | ||||||
| 1100 East 18th Avenue | Denver | CO | 80218 | Public Charity | General Support | $125 |
| Montana Community Foundation | ||||||
| 33 South Last Chance Gulch Suite 2A | Helena | MT | 59601 | Public Charity | Women's Foundation of Montana | $25,000 |
| New Era Colorado Foundation | ||||||
| PO Box 181153 | Denver | CO | 80218 | Public Charity | General Support | $25,000 |
| North Shore Country Day School | ||||||
| 310 Green Bay Road | Winnetka | IL | 600934094 | Public Charity | General Support | $1,000 |
| Opera Colorado | ||||||
| 4121 South Navajo Street Suite 100 | Englewood | CO | 80110 | Public Charity | General Support | $10,000 |
| Parent Possible | ||||||
| 800 Grant Street Suite 200 | Denver | CO | 802032944 | Public Charity | Vroom in Colorado | $20,000 |
| Philanthropy Colorado | ||||||
| 5855 Wadsworth Bypass Unit A | Arvada | CO | 80003 | Public Charity | Foundation Membership | $2,565 |
| Planned Parenthood of the Rocky Mountains | ||||||
| 7155 East 38th Avenue | Denver | CO | 80207 | Public Charity | General Support | $10,000 |
| Political Research Associates | ||||||
| 1310 Broadway Suite 201 | Somerville | MA | 02144 | Public Charity | General Support | $5,000 |
| Rose Community Foundation | ||||||
| 600 S Cherry Street Suite 1200 | Denver | CO | 802461712 | Public Charity | General Support for Together We Count | $25,000 |
| The Symphony Fund | ||||||
| 1000 14th Street 15 | Denver | CO | 802022333 | Public Charity | It Takes an Orchestra Endowment Campaign | $100,000 |
| UC Berkeley Foundation | ||||||
| 1995 University Avenue Suite 401 | Berkeley | CA | 947204200 | Public Charity | Center on Civility and Democratic Engagement | $50,000 |
| UC Berkeley Foundation | ||||||
| 1995 University Avenue Suite 401 | Berkeley | CA | 947204200 | Public Charity | General Support | $1,000 |
| UC Hastings Foundation | ||||||
| 200 McAllister Street | San Francisco | CA | 941029870 | Public Charity | General Support | $1,066 |
| UC Hastings Foundation | ||||||
| 200 McAllister Street | San Francisco | CA | 941029870 | Public Charity | Building UC Hastings Capital Campaign | $100,000 |
| University of Denver Sturm College of Law | ||||||
| 2255 E Evans Avenue Suite 390 | Denver | CO | 80208 | Public Charity | Graduate Tax Program | $500 |
| The Women's Foundation of Colorado | ||||||
| 1901 E Asbury Avenue | Denver | CO | 80208 | Public Charity | Event Support | $5,000 |
| The Women's Foundation of Colorado | ||||||
| 1901 E Asbury Avenue | Denver | CO | 80208 | Public Charity | General Support | $50 |
| Wyoming Community Foundation | ||||||
| 1472 N 5th Street Suite 201 | Laramie | WY | 82072 | Public Charity | Wyoming Women's Foundation | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,222,231 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| The Aspen Institute | ||||||
| 2300 N Street NW 700 | Washington | DC | 200371122 | Public Charity | Ascend at the Aspen Institute | $100,000 |
| Colorado Children's Campaign | ||||||
| 1580 Lincoln Street Suite 420 | Denver | CO | 80203 | Public Charity | General Support | $25,000 |
| Denver Art Museum | ||||||
| 100 West 14th Avenue Parkway | Denver | CO | 80204 | Public Charity | Vision 2021 Capital Campaign | $200,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $325,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $452,970 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,928 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $77,440 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,477,109 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $1,928 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,007,519 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,009,447 | 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 (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Kundinger, Corder & Engle, P.C. | $22,250 | $5,400 | $16,850 |
| Paylocity | $449 | $0 | $449 |
| Rocky Mountain Reserve | $47 | $0 | $47 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule of Controlled Entities | IdentifierTxt |
| Form And Line Reference | Form 990-PF, Page 5, Part VII-A, Line 11 | FormAndLineReferenceDesc |
| Medium Explanation | Bannock 1201, LLC3200 E Cherry Creek South Drive, Suite 540Denver, CO 8020946-3664507The entity is not an excess business holding. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | PIMCO Short Term Institutional Fund | BondNm |
| EOY Book Value | $5,837,476 | EOYBookValueAmt |
| EOYFMV | $5,819,522 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Vanguard Growth Index Fund | $3,073,731 | $5,823,438 |
| Spyglass Growth Fund | $2,000,000 | $1,986,239 |
| Dodge & Cox International | $3,177,820 | $3,686,769 |
| Jensen Quality Growth Fund | $3,275,677 | $6,030,066 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (13 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Cerberus International Ltd. | AT COST | $25,163 | $138,557 |
| Newport Asia Institutional Fund | AT COST | $955,199 | $2,085,335 |
| Raptor Global Fund LP | AT COST | $84,276 | $72,764 |
| Brinson Partnership Fund | AT COST | $886,593 | $438,867 |
| MHR Institutional Partners | AT COST | $242,239 | $488,706 |
| Davidson Kempner Institutional Funds | AT COST | $2,926,013 | $3,148,594 |
| Eminence Fund, Ltd. | AT COST | $1,148,242 | $2,405,384 |
| Lansdowne European Equity Fund | AT COST | $1,228,772 | $1,970,264 |
| Canyon Value Realization Fd Ltd | AT COST | $1,643,001 | $2,735,720 |
| GQG Partners Emerging Markets | AT COST | $1,833,581 | $2,094,819 |
| Renaissance Institutional | AT COST | $1,406,455 | $1,687,924 |
| Nitorum Offshore Fund | AT COST | $2,000,000 | $2,328,024 |
| Coatue Offshore | AT COST | $1,500,000 | $1,516,887 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Building | $25,851,558 | $1,292,578 | $24,558,980 | $24,558,980 |
| Land | $8,063,334 | $0 | $8,063,334 | $8,063,334 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (3 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Tuthill & Hughes LLP | $2,095 | $0 | $2,095 |
| Bryan Cave LLP | $1,252 | $0 | $1,252 |
| Fairfield and Woods, P.C. | $756 | $756 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Licenses and fees | $982 | $0 | $982 |
| Computer & office equipment | $1,313 | $0 | $1,313 |
| Supplies | $24 | $0 | $24 |
| Other | $424 | $0 | $424 |
| Insurance | $3,009 | $0 | $3,009 |
| Internet related costs | $863 | $0 | $863 |
| Furniture and fixtures | $8,818 | $0 | $8,818 |
| Repairs and maintenance | $1,648 | $0 | $1,648 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Income from pass-through entities | $77,440 | $77,440 | $77,440 |
| Unrelated business income from pass-through entities | $1,928 | $0 | $1,928 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Mellon Capital Management | $714 | $714 | $0 |
| Monticello Associates | $50,000 | $50,000 | $0 |
| Donald J. Hopkins | $4,680 | $0 | $4,680 |
| Arapahoe Sign Arts | $1,790 | $0 | $1,790 |
| Masten Fine Art | $450 | $0 | $450 |
| Ruby Slippers Designs | $1,168 | $0 | $1,168 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Foreign taxes reported by pass-through entities | $7,759 | $7,759 | $0 |
| Estimated excise tax payments | $41,000 | $0 | $0 |