BLANKET FORT FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- BLANKET FORT FOUNDATION (EIN 52-2073256)
- Tax period
- 2018-12-01 to 2019-11-30
- Filed
- 2020-10-19
- IRS object ID
- 202012939349100316
- Schema version
- 2018v3.2
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-10-19T18:16:57-05:00 | ReturnTs |
| Tax Period End | 2019-11-30 | 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 | 2018-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522073256 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LERNER FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LERN | BusinessNameControlTxt |
| Phone | 4106020195 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK LERNER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4106020195 | PhoneNum |
| Signature | 2020-10-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID S ROSEN ESQ CPA | PreparerPersonNm |
| PTIN | P01071493 | PTIN |
| Phone | 4105810800 | PhoneNum |
| Preparation | 2020-10-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 144.202.233.66 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-15 | IPDt |
| IP Tm | 13:23:58 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 377C0A7659B66925972A6D71599A6B353439AF39 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 2816B746E69248E6E55DFC68474E1DF1DD4A05A5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-09-10 13:11:23Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $13,227,253 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $10,820,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $10,622 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $10,622 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $86,908 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $86,908 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $808,526 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,496,360 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $808,526 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$16,533 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$16,783 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,709,523 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $889,273 | 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 |
| Accounting Fees Rev And Expnss | $12,062 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $86 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $86 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $15,482 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $15,482 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $120,543 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $543 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $148,173 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $16,111 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,266,206 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,266,206 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,414,379 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $16,111 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,266,206 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $10,295,144 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $873,162 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,731 | CashBOYAmt |
| Cash EOY | $9,553 | CashEOYAmt |
| Cash EOYFMV | $9,553 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,361,208 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $56,294 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $56,294 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $3,746,278 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,680,570 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,680,570 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $4,342,665 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $6,480,836 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $6,480,836 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $9,452,882 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,227,253 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $13,227,253 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $13,150 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $13,150 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $9,439,732 | CapitalStockBOYAmt |
| Capital Stock EOY | $13,227,253 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,439,732 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $13,227,253 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,452,882 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $13,227,253 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,439,732 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $10,295,144 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $19,734,876 | SubtotalAmt |
| Other Decreases | $6,507,623 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $13,227,253 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| CHARLES SCHWAB - ST | P | $4,256,865 | $3,484,145 | $772,720 | $772,720 |
| CHARLES SCHWAB - LT | P | $239,495 | $203,689 | $35,806 | $35,806 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $808,526 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,241,609 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $7,675,045 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.161772 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,214,514 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $5,275,520 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.230217 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,095,087 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $6,608,983 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.317006 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,963,012 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,582,498 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.228723 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,269,041 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $8,580,408 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.264444 | DistributionYr5Rt |
| Total Distribution | 1.202162 | TotalDistributionRt |
| Average Distribution | 0.240432 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $15,533,307 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,734,704 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $8,732 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,743,436 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,266,206 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $17,463 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $17,463 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $17,463 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $42,509 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $42,509 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $14 | EsPenaltyAmt |
| Overpayment | $25,032 | OverpaymentAmt |
| Applied To ES Tax | $25,032 | 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 | 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 | THE FOUNDATION | IndividualWithBooksNm |
| Phone | 4106020195 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| 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) |
|---|---|---|
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| TRACI LERNER CO RSF LLC | ||||||||
| 405 YORK ROAD | TOWSON | MD | 21204 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| MARK LERNER CO RSF LLC | ||||||||
| 405 YORK ROAD | TOWSON | MD | 21204 | TRUSTEE | 5.00 | $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 | $10,806,457 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $947,253 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,016,145 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,769,855 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,769,855 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $236,548 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,533,307 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $776,665 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $776,665 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $17,463 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $17,463 | TotalTaxAmt |
| Distributable Before Adj | $759,202 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $250 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $759,452 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $759,452 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,266,206 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,266,206 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,266,206 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $759,452 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,861,101 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,537,373 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,764,638 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $954,834 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $940,488 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,058,434 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,266,206 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $759,452 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $506,754 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $7,565,188 | 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 | $1,861,101 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,704,087 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,537,373 | ExcessFromYear4Amt |
| Excess From Year3 | $1,764,638 | ExcessFromYear3Amt |
| Excess From Year2 | $954,834 | ExcessFromYear2Amt |
| Excess From Year1 | $940,488 | ExcessFromYear1Amt |
| Excess From Current Year | $506,754 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | TRACI LERNER CO RSF LLC | ContributingManagerNm |
| Contributing Manager | MARK LERNER CO RSF LLC | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AHAVAS YISRAEL CHARITY FUND | ||||||
| 115 SUDBROOK LANE SUITE E | BALTIMORE | MD | 21208 | PC | GENERAL NEED | $1,000 |
| ALEPH SOCIETY INC | ||||||
| 25 W 45TH STREET SUITE 1405 | NEW YORK | NY | 10036 | PC | GENERAL NEED | $5,000 |
| ART WITH A HEART | ||||||
| 3000 FALLS ROAD MILL NO 1 | BALTIMORE | MD | 21211 | PC | GENERAL NEED | $30,000 |
| BETH EL CONGREGATION | ||||||
| 8101 PARK HEIGHTS AVENUE | BALTIMORE | MD | 21208 | PC | GENERAL NEED | $10,500 |
| BETHANY BEACH VFC | ||||||
| PO BOX 950 | BETHANY BEACH | DE | 19930 | PC | GENERAL NEED | $100 |
| BRITISH SCHOOLS & UNIVERSITIES FOUNDATION | ||||||
| 575 MADISON AVENUE SUITE 1006 | NEW YORK | NY | 10022 | PC | GENERAL NEED | $10,000 |
| CHIZUK AMUNO CONGREGATION | ||||||
| 8100 STEVENSON ROAD | BALTIMORE | MD | 21208 | PC | GENERAL NEED | $216 |
| CENTER FOR MAINE CONTEMPORARY ART | ||||||
| PO BOX 1767 21 WINTER STREET | ROCKLAND | ME | 04841 | PC | GENERAL NEED | $1,000 |
| COLLEGEBOUND FOUNDATION INC | ||||||
| 300 WATER STREET SUITE 300 | BALTIMORE | MD | 21202 | PC | GENERAL NEED | $25,000 |
| EDWARD A MYERBERG CENTER | ||||||
| 3101 FALLSTAFF ROAD | BALTIMORE | MD | 21209 | PC | GENERAL NEED | $1,250 |
| FOUNDATION FOR BALTIMORE COUNTY PUBLIC LIBRARY | ||||||
| 320 YORK ROAD | TOWSON | MD | 21204 | PC | GENERAL NEED | $250 |
| FOUNDERY INC | ||||||
| 21 DALEBROOK DRIVE | PHOENIX | MD | 21131 | PC | GENERAL NEED | $29,900 |
| FUND FOR EDUCATIONAL EXCELLENCE | ||||||
| 800 N CHARLES STREET SUITE 400 | BALTIMORE | MD | 21201 | PC | GENERAL NEED | $100,000 |
| GILCHRIST HOSPICE CARE INC | ||||||
| 11311 MCCORMICK ROAD SUITE 350 | HUNT VALLEY | MD | 21031 | PC | GENERAL NEED | $10,000 |
| HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE | ||||||
| 215 SOUTH 39TH STREET | PHILADELPHIA | PA | 19104 | PC | GENERAL NEED | $1,000 |
| ITINERIS INC | ||||||
| 2050 ROCKROSE AVENUE | BALTIMORE | MD | 21211 | PC | GENERAL NEED | $30,000 |
| KIPP BALTIMORE | ||||||
| 2000 EDGEWOOD STREET | BALTIMORE | MD | 21216 | PC | GENERAL NEED | $350,000 |
| MATTHEW SHEPARD FOUNDATION | ||||||
| 301 THELMA DRIVE 512 | CASPER | WY | 82609 | PC | GENERAL NEED | $360 |
| MEGUNTICOOK WATERSHED ASSOCIATION | ||||||
| PO BOX 443 | CAMDEN | ME | 04843 | PC | GENERAL NEED | $1,000 |
| MIT HILLEL FOUNDATION INC | ||||||
| 40 MASSACHUSETTS AVENUE BLD W11 | CAMBRIDGE | MA | 02139 | PC | GENERAL NEED | $10,000 |
| OSBORNE ASSOCIATION INC | ||||||
| 809 WESTCHESTER AVENUE | BRONX | NY | 10455 | PC | GENERAL NEED | $25,000 |
| PARTNERS FOR ENRICHMENT | ||||||
| 721 CAMDEN ROAD | HOPE | ME | 04843 | PC | GENERAL NEED | $250 |
| PIKESVILLE VOLUNTEER FIRE COMPANY | ||||||
| 40 EAST SUDBROOK LANE | PIKESVILLE | MD | 212084013 | PC | GENERAL NEED | $100 |
| PORT DISCOVERY CHILDREN'S MUSEUM | ||||||
| 35 MARKET PLACE | BALTIMORE | MD | 21202 | PC | GENERAL NEED | $50,000 |
| SHORESH INC | ||||||
| 3723 OLD COURT ROAD | BALTIMORE | MD | 212083903 | PC | GENERAL NEED | $1,800 |
| SLINGSHOT FUND INC | ||||||
| 25 BROADWAY 9TH FLOOR | NEW YORK | NY | 10004 | PC | GENERAL NEED | $18,000 |
| TEACH FOR AMERICA | ||||||
| 25 BROADWAY 12TH FLOOR | NEW YORK | NY | 10004 | PC | GENERAL NEED | $125,000 |
| ASSOCIATED JEWISH CHARITIES OF BALTIMORE | ||||||
| 101 W MOUNT ROYAL AVENUE | BALTIMORE | MD | 212015708 | PC | GENERAL NEED | $275,000 |
| THE BALTIMORE MUSEUM OF ART | ||||||
| 10 ART MUSEUM DRIVE | BALTIMORE | MD | 21218 | PC | GENERAL NEED | $1,500 |
| THE FAMILY TREE | ||||||
| 2108 N CHARLES STREET | BALTIMORE | MD | 21218 | PC | GENERAL NEED | $15,000 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | ||||||
| 3451 WALNUT STREET ROOM 310 | PHILADELPHIA | PA | 191046205 | PC | GENERAL NEED | $100,000 |
| UNITED STATES HOLOCAUST MEMORIAL MUSEUM | ||||||
| 100 RAOUL WALLENBERG PLACE SW | WASHINGTON | DC | 20024 | PC | GENERAL NEED | $180 |
| UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC | ||||||
| 620 W LEXINGTON STREET 2ND FLOOR | BALTIMORE | MD | 21201 | PC | GENERAL NEED | $1,000 |
| UMBC FOUNDATION | ||||||
| 1000 HILLTOP CIRCLE | BALTIMORE | MD | 21250 | PC | GENERAL NEED | $1,800 |
| WASHINGTON UNIVERSITY | ||||||
| 700 ROSEDALE AVENUE | SAINT LOUIS | MO | 631121408 | PC | GENERAL NEED | $35,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,266,206 | 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 | $10,622 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $86,908 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $808,526 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| OTHER INCOME - N2 PARTNERS LP | 14 | $16 |
| PORTFOLIO INCOME - N2 PARTNERS LP | 14 | -$16,799 |
| OTHER INCOME | 14 | $250 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $889,523 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $889,523 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | CHESAPEAKE PARTNERS MANAGEMENT COMP | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 QUARRY LAKE DRIVE SUITE 3000 | AddressLine1Txt |
| City | BALTIMORE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $10,820,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 500,000 SHARES OF CRONOS GROUP STOCK | NoncashPropertyDesc |
| Fair Market Value | $10,820,000 | FairMarketValueAmt |
| Received | 2019-02-28 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $12,062 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CHARLES SCHWAB - EQUITIES | StockNm |
| EOY Book Value | $6,680,570 | EOYBookValueAmt |
| EOYFMV | $6,680,570 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| HIGHFIELDS CAPITAL LTD | FMV | $178,342 | $178,342 |
| N2 PARTNERS | FMV | $1,347,494 | $1,347,494 |
| RIVERPARK VENTURES III, LP | FMV | $300,000 | $300,000 |
| BOXGROUP FOUR, L.P. | FMV | $100,000 | $100,000 |
| BOXGROUP MORE, L.P. | FMV | $125,000 | $125,000 |
| CRP EXEMPT INVESTORS, LLC | FMV | $430,000 | $430,000 |
| GOTHAM GREEN FUND II, L.P. | FMV | $4,000,000 | $4,000,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $6,507,623 | Amt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME - N2 PARTNERS LP | $16 | $16 | $16 |
| PORTFOLIO INCOME - N2 PARTNERS LP | -$16,799 | -$16,799 | -$16,799 |
| OTHER INCOME | $250 | $250 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIABILITY | Desc |
| BOY Book Value | $13,150 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $86 | Amt |
| Net Investment Income | $86 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $120,000 | $0 | $0 |
| FOREIGN TAX PAID | $543 | $543 | $0 |