STRATEGY STUDIO / PUBLIC DATA EXPLORER

MARKS FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MARKS FAMILY FOUNDATION (EIN 06-1601029)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-02
IRS object ID
202013079349100201
Schema version
2019v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-02T06:52:08-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN472604526PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GARVEY STEELE & BANCROFT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 397AddressLine1Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP063550397ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061601029EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARKS FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMARKBusinessNameControlTxt
Phone8605724884PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 PONDSIDE COURTAddressLine1Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06355ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROLE MARKS SCOTTPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2020-10-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL R GARVEY CPAPreparerPersonNm
PTINP00264137PTIN
Phone8605369831PhoneNum
Preparation2020-10-29PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address23.30.174.89IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-02IPDt
IP Tm06:52:08IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB2254A06A2C91071D1D5A32245BC2B972FCA5CF6AtSubmissionCreationDeviceId
At Submission Filing Device Id54C138ACEF5533D7BD12A6B1F5C57D44EFB6D06FAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$153FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$14,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$254InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$254InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$254InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$14,254TotalRevAndExpnssAmt
Total Net Invst Incm$254TotalNetInvstIncmAmt
Total Adj Net Incm$254TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,800AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,800AccountingFeesChrtblPrpsAmt
Tot Opr Expenses Rev And Expnss$1,800TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,800TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$62,075ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$62,075ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$63,875TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$63,875TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$49,621ExcessRevenueOverExpensesAmt
Net Investment Income$254NetInvestmentIncomeAmt
Adjusted Net Income$254AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$49,774SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$153SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$153SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$49,774TotalAssetsBOYAmt
Total Assets EOY$153TotalAssetsEOYAmt
Total Assets EOYFMV$153TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$49,774RetainedEarningBOYAmt
Retained Earning EOY$153RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$49,774TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$153TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$49,774TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$153TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$49,774TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$49,621ExcessRevenueOverExpensesAmt
Subtotal$153SubtotalAmt
Tot Net Ast Or Fund Balances EOY$153TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$61,775AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$31,743NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.946098DistributionYr1Rt
Adjusted Qlfy Distri Yr2$56,860AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$14,282NetVlNoncharitableAssetsYr2Amt
Distribution Yr23.981235DistributionYr2Rt
Adjusted Qlfy Distri Yr3$49,076AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$18,850NetVlNoncharitableAssetsYr3Amt
Distribution Yr32.603501DistributionYr3Rt
Adjusted Qlfy Distri Yr4$99,708AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,141NetVlNoncharitableAssetsYr4Amt
Distribution Yr446.570761DistributionYr4Rt
Adjusted Qlfy Distri Yr5$86,734AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$3,437NetVlNoncharitableAssetsYr5Amt
Distribution Yr525.235380DistributionYr5Rt
Total Distribution80.336975TotalDistributionRt
Average Distribution16.067395AverageDistributionRt
Net Vl Noncharitable Assets$25,110NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$403,452AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$3NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$403,455AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$63,875QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5InvestmentIncomeExciseTaxAmt
Subtotal$5SubtotalAmt
Tax Based On Investment Income$5TaxBasedOnInvestmentIncomeAmt
Tax Due$5TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCAROLE MARKS SCOTTIndividualWithBooksNm
Phone8605724884PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13 PONDSIDE COURTAddressLine1Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06355ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCAROLE MARKS SCOTTPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 PONDSIDE COURTAddressLine1Txt
Address Line23 PONDSIDE COURTAddressLine2Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06355ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1TO HELP BRING PROGRAMMING THROUGH A HISTORICAL COMMUNITY THEATER TO THE COMMUNITYDescription1Txt
Expenses1$42,050Expenses1Amt
Description2TO ASSIST LAWRENCE & MEMORIAL HOSPITAL OFFER FIRST CLASS HEALTH CARE TO THE RESIDENTS OF SOUTHEASTERN CONNECTICUT.Description2Txt
Expenses2$20,000Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,492AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$25,492TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$25,492AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$382CashDeemedCharitableAmt
Net Vl Noncharitable Assets$25,110NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,256MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,256MinimumInvestmentReturnAmt
Tax Based On Investment Income$5TaxBasedOnInvestmentIncomeAmt
Total Tax$5TotalTaxAmt
Distributable Before Adj$1,251DistributableBeforeAdjAmt
Distributable Before Ded$1,251DistributableBeforeDedAmt
Distributable As Adjusted$1,251DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$63,875ExpensesAndContributionsAmt
Qualifying Distributions$63,875QualifyingDistributionsAmt
Adjusted Qualifying Distri$63,875AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,251DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$86,564ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$99,601ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$48,133ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$56,146ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$60,195ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$350,639TotalExcessDistributionCyovAmt
Qualifying Distributions$63,875QualifyingDistributionsAmt
Applied To Current Year$1,251AppliedToCurrentYearAmt
Remaining Distri From Corpus$62,624RemainingDistriFromCorpusAmt
Total Corpus$413,263TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$86,564ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$326,699ExcessDistriCyovToNextYrAmt
Excess From Year4$99,601ExcessFromYear4Amt
Excess From Year3$48,133ExcessFromYear3Amt
Excess From Year2$56,146ExcessFromYear2Amt
Excess From Year1$60,195ExcessFromYear1Amt
Excess From Current Year$62,624ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCAROLE MARKS SCOTTContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCAROLE MARKS SCOTTRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13 PONDSIDE COURTAddressLine1Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06355ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8605728119RecipientPhoneNum
Form And Info And MaterialsWRITTENFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsGEOGRAPHIC AREAS: HARTFORD, WEST HARTFORD & SOUTHEASTERN CONNECTICUTRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GARDE ARTS CENTER
325 STATE STREETNEW LONDONCT06320NONEN/ATO BRING PERFORMING ARTS TO COMMUNIT$42,075
LAWRENCE & MEMORIAL HOSPITAL
365 MONTAUK AVENUENEW LONDONCT06320NONEN/AIMPROVE HEALTHCARE$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$62,075TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$254ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$254ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$254TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonCAROLE M SCOTTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13 PONDSIDE COURTAddressLine1Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06355ZIPCd
FieldValueIRS element (for citing)
Total Contributions$14,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryGARVEY, STEELE & COMPANY LLPCategoryTxt
Amt$1,800Amt
Disbursements Charitable Prps$1,800DisbursementsCharitablePrpsAmt