PLANK FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PLANK FAMILY FOUNDATION (EIN 26-1300940)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-07-13
- IRS object ID
- 202041959349101104
- Schema version
- 2019v5.1
- 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
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-13T09:25:22-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475153865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSEN SAPPERSTEIN & FRIEDLANDER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261300940 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PLANK FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PLAN | BusinessNameControlTxt |
| Phone | 4106245360 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 907 | AddressLine1Txt |
| City | BROOKLANDVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21022 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHIL | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 4106245360 | PhoneNum |
| Signature | 2020-06-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD A FRIEDLANDER CPA | PreparerPersonNm |
| PTIN | P00024186 | PTIN |
| Phone | 4105810800 | PhoneNum |
| Preparation | 2020-06-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $10,349,236 | 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 | $50,897 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $50,897 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $361,816 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $333,247 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$48,192 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,539,316 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $364,521 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $384,144 | 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 |
| Oth Empl Slrs Wgs Rev And Expnss | $12,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $6,014 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $6,014 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $54 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $54 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $8,640 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,577 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $29,285 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $6,068 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,691,202 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,691,202 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,720,487 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $6,068 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,691,202 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$8,355,966 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $378,076 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $22,585 | CashBOYAmt |
| Cash EOY | $21,364 | CashEOYAmt |
| Cash EOYFMV | $21,364 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $484,318 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $159,800 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $159,800 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $18,012,455 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $11,341,620 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $10,156,326 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,536 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,536 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $1,371,138 | OtherAssetsBOYAmt |
| Other Assets EOY | $11,746 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $11,746 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $19,890,496 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,534,530 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,349,236 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $9,150 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $9,150 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $9,150 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,150 | 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 | $19,881,346 | RetainedEarningBOYAmt |
| Retained Earning EOY | $11,525,380 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $19,881,346 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $11,525,380 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $19,890,496 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,534,530 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $19,881,346 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$8,355,966 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $11,525,380 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $11,525,380 | 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 |
|---|---|---|---|---|---|
| GOLDMAN SACHS | P | $625,285 | $624,825 | $460 | $460 |
| GOLDMAN SACHS | P | $474,031 | $465,646 | $8,385 | $8,385 |
| GOLDMAN SACHS | P | $5,240,000 | $5,267,551 | -$27,551 | -$27,551 |
| GOLDMAN SACHS | P | $200,000 | $229,486 | -$29,486 | -$29,486 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$48,192 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,007,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $17,656,037 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.170310 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $17,840,930 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $28,266,982 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.631158 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $13,928,229 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $45,229,630 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.307945 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $8,896,311 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $47,005,899 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.189259 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $8,720,826 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $41,111,797 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.212125 | DistributionYr5Rt |
| Total Distribution | 1.510797 | TotalDistributionRt |
| Average Distribution | 0.302159 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $14,104,487 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,261,798 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,781 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,265,579 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $8,691,202 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $3,781 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,781 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,781 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $55,889 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $55,889 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $52,108 | OverpaymentAmt |
| Applied To ES Tax | $12,000 | AppliedToESTaxAmt |
| Refund | $40,108 | 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 | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MD | 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 | KELLY DAYTON | IndividualWithBooksNm |
| Phone | 4106245357 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1030 HULL STREET4TH FLOOR | AddressLine1Txt |
| City | BALTIMORE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21230 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| KEVIN A PLANK | ||||||||
| 1030 HULL STREET 4TH FLOOR | BALTIMORE | MD | 21230 | PRESIDENT/TREASURER | 1.00 | $0 | $0 | $0 |
| DESIREE JACQUELINE PLANK | ||||||||
| 1030 HULL STREET 4TH FLOOR | BALTIMORE | MD | 21230 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| THOMAS J SIPPEL | ||||||||
| 98 CHURCH STREET | ROCKVILLE | MD | 20850 | VICE PRESIDENT | 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 |
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 | $14,087,773 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $231,503 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,319,276 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,319,276 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $214,789 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,104,487 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $705,224 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $705,224 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,781 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,781 | TotalTaxAmt |
| Distributable Before Adj | $701,443 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $701,443 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $701,443 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,691,202 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $8,691,202 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $3,781 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $8,687,421 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $701,443 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $7,121,994 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $6,922,694 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $11,760,351 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $16,445,921 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,153,607 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $44,404,567 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,691,202 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $701,443 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $7,989,759 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $52,394,326 | 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 | $7,121,994 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $45,272,332 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $6,922,694 | ExcessFromYear4Amt |
| Excess From Year3 | $11,760,351 | ExcessFromYear3Amt |
| Excess From Year2 | $16,445,921 | ExcessFromYear2Amt |
| Excess From Year1 | $2,153,607 | ExcessFromYear1Amt |
| Excess From Current Year | $7,989,759 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | KELLY DAYTON | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1030 HULL STREET 4TH FLOOR | AddressLine1Txt |
| City | BALTIMORE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21230 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4106245357 | RecipientPhoneNum |
| Form And Info And Materials | SUBMITTING A LETTER OF REQUEST. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| CHESTNUT RIDGE VOLUNTEER FIRE DEPARTMENT | ||||||
| 12020 GREENSPRING AVENUE | OWINGS MILLS | MD | 21117 | PC | GENERAL DONATION | $5,000 |
| COLLEGE BOUND FOUNDATION | ||||||
| 300 WATER STREET | BALTIMORE | MD | 21202 | PC | CONTRIBUTIONS | $200,000 |
| EPISCOPAL DIOCESE OF MARYLAND - SUTTON SCHOLARS | ||||||
| 4 E UNIVERSITY PARKWAY | BALTIMORE | MD | 21218 | PC | SUTTON SCHOLARS PROGRAM | $30,000 |
| GLYNDON VOLUNTEER FIRE DEPARTMENT | ||||||
| PO BOX 3671 | GLYNDON | MD | 21071 | PC | GENERAL DONATION | $5,000 |
| WESTLAKE YOUTH ATHLETIC ORGANIZATION | ||||||
| PO BOX 2513 | WALDORF | MD | 206042513 | PC | STUDENT SUPPORT SERVICES | $125,000 |
| GREATER WASHINGTON PARTNERSHIP | ||||||
| 11911 FREEDOM DRIVE SUITE 710 | RESTON | VA | 20190 | PC | CONTRIBUTION | $250,000 |
| HOLTON ARMS SCHOOL INC | ||||||
| 7303 RIVER ROAD | BETHESDA | MD | 20817 | PC | GENERAL DONATION | $15,000 |
| JOHNS HOPKINS UNIVERSITY | ||||||
| 5200 EASTERN AVENUE SUITE 357 | BALTIMORE | MD | 21224 | PC | ANNUAL PLEDGE | $250,000 |
| MAPLEWOOD ATHLETIC ASSOCIATION INC | ||||||
| 2609 BAINBRIDGE LANE | SILVER SPRING | MD | 20906 | PC | GENERAL DONATION | $5,000 |
| ST JOHNS COLLEGE HIGH SCHOOL | ||||||
| 2607 MILITARY ROAD NW | CHEVY CHASE | MD | 20015 | PC | ANNUAL PLEDGE | $500,000 |
| ST PAUL'S SCHOOL | ||||||
| PO BOX 8100 | BROOKLANDVILLE | MD | 21022 | PC | ANNUAL DONATION | $25,000 |
| ST PAUL'S SCHOOL - BRIDGES PROGRAM | ||||||
| PO BOX 8100 | BROOKLANDVILLE | MD | 21022 | PC | ANNUAL PLEDGE | $125,000 |
| ST PAULS SCHOOL FOR GIRLS | ||||||
| PO BOX 8100 | BROOKLANDVILLE | MD | 21022 | PC | DONATION TO ANNUAL FUND | $25,000 |
| YOUTH LEADERSHIP FOUNDATION INC | ||||||
| 1015 15TH STREET NW SUITE 600 | WASHINGTON | DC | 20005 | PC | DONATION FOR JOHNNY HOLIDAY CLASSIC | $5,000 |
| NEW PSALMIST BAPTIST CHURCH | ||||||
| 6020 MARIAN DRIVE | BALTIMORE | MD | 21215 | PC | DONATION | $55,000 |
| UNIVERSITY OF NOTRE DAME | ||||||
| 113 JOYCE CENTER | NOTRE DAME | IN | 46556 | PC | DONATION | $500,000 |
| CHILDREN OF FALLEN PATRIOTS FOUNDATION | ||||||
| 44900 PRENTICE DRIVE | DULLES | VA | 20166 | PC | FUND A SCHOLARSHIP | $25,000 |
| ELIJAH CUMMINGS YOUTH PROGRAM IN ISRAEL | ||||||
| 5750 PARK HEIGHTS AVENUE | BALTIMORE | MD | 21215 | PC | GEAR SPONSOR FOR YOUTH PARTICIPATING IN TRIP | $2,052 |
| FUND FOR EDUCATIONAL EXCELLENCE INC (STRONG SCHOOLS) | ||||||
| 800 N CHARLES STREET SUITE 400 | BALTIMORE | MD | 21201 | PC | DONATION | $500 |
| WESTLAKE YOUTH ATHLETIC ORGANIZATION | ||||||
| PO BOX 2513 | WALDORF | MD | 206042513 | PC | 2020 DONATION ADVANCE | $25,000 |
| UNIVERSITY OF MARYLAND | ||||||
| 7999 REGENTS DRIVE | COLLEGE PARK | MD | 20742 | PC | DONATION | $5,000,000 |
| CENTER FOR URBAN FAMILIES | ||||||
| 2201 NORTH MUNROE STREET | BALTIMORE | MD | 21217 | PC | DONATION | $100,000 |
| CHURCH OF THE NATIVITY | ||||||
| 20 EAST RIDGELY ROAD | LUTHERVILLETIMONIUM | MD | 21093 | PC | DONATION | $55,000 |
| ST JOHNS COLLEGE HIGH SCHOOL | ||||||
| 2607 MILITARY ROAD NW | CHEVY CHASE | MD | 20015 | PC | PROPERTY DONATION - 6315 33RD ST NW | $1,363,650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,691,202 | 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 | $50,897 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $333,247 | ExclusionAmt |
| Related Or Exempt Function Incm | $28,569 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$48,192 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $335,952 | ExclusionAmt |
| Related Or Exempt Function Incm | $28,569 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $364,521 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 4 | LineNumberTxt |
| Relationship Statement | NONDIVIDEND DISTRIBUTIONS | RelationshipStatementTxt |
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 | Yes (1) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANK FOUNDATION FOR ENTREPRENEURSHIP INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501(C)(3) | OrganizationTypeDesc |
| Relationship Description | COMMON BOARD OF DIRECTORS - 33% OF THE MEMBERS OF EACH BOARD ARE COMMON TO BOTH BOARDS. | RelationshipDescriptionTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GOLDMAN SACHS - FIXED INCOME | AT COST | $9,055,120 | $9,190,536 |
| GOLDMAN SACHS - UNDER ARMOUR | AT COST | $2,286,500 | $965,790 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT PROPERTY- 6315 33RD STREET NW | $1,363,650 | ||
| OTHER CURRENT ASSETS | $7,488 | $11,746 | $11,746 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL SERVICE FEES | $730 | $0 | $0 |
| INSURANCE | $1,653 | $0 | $0 |
| UTILITIES | $194 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO KDP INVESTMENTS, LLC | Desc |
| BOY Book Value | $9,150 | BOYBookValueAmt |
| EOY Book Value | $9,150 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $6,014 | Amt |
| Net Investment Income | $6,014 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $944 | $0 | $0 |
| REAL ESTATE TAXES | $7,696 | $0 | $0 |