BARRED ROCK FUND INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- BARRED ROCK FUND INC (EIN 03-0368445)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201923189349102512
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
- Transfers Frm Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-14T11:30:31-08:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tapia & Huckabay PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 38 | AddressLine1Txt |
| City | Vergennes | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05491 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030368445 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Barred Rock Fund Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BARR | BusinessNameControlTxt |
| Phone | 8023556596 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 324 Browns Trace Rd | AddressLine1Txt |
| City | Jericho | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05465 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Charles Lacy | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8023556596 | PhoneNum |
| Signature | 2019-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | William S Huckabay CPA | PreparerPersonNm |
| PTIN | P00154308 | PTIN |
| Phone | 8028707086 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.252.240.121 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-14 | IPDt |
| IP Tm | 11:30:26 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0FC119A6BA204FB2BAA4BF52A1BB470A5A07B225 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F5EAD35F26E8E7C6943A0EFFCB5EA88474B008A5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,434,105 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $40,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $940 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $940 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $940 | InterestOnSavingsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $118,793 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $415,366 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $118,793 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $4,007 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $4,007 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $4,007 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $163,740 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $123,740 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $4,947 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $79,992 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $16,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $4,947 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $59,045 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $26,497 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $5,299 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $21,198 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,517 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $1,517 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,793 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,454 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $813 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $1,592 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $28,830 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $17,953 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $22,378 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $20,405 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,973 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $166,599 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $44,158 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $4,947 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $102,499 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $40,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $40,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $206,599 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $44,158 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $4,947 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $142,499 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$42,859 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $79,582 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $383,180 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $456,152 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $456,152 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $2,793 | AcctRcvblAmt |
| Acct Rcvbl Allwnc Dbtfl Acct | $0 | AcctRcvblAllwncDbtflAcctAmt |
| Acct Rcvbl BOY | $55,117 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $2,793 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $2,793 | AcctRcvblEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments BOY | $108 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Land Bldg Equip Cost Or Other Bss | $1,562 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,562 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $1,239,375 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,191,178 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $5,975,160 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $1,677,780 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,650,123 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,434,105 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $21,599 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $36,801 | AccountsPayableEOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $21,599 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $36,801 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $1,656,181 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,613,322 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,656,181 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,613,322 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,677,780 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,650,123 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,656,181 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$42,859 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,613,322 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,613,322 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000 share Guayaki Sustainable Rainforest Products, Inc. | P | 2003-01-01 | 2018-01-23 | $130,000 | $0 | $8,000 | $122,000 | $0 | $0 | $0 | $122,000 |
| Publicly traded securities | $231 | $0 | $231 | $0 | $0 | $0 | $0 | $0 | |||
| Gain on liquidation of BRCH, LLC PRI | P | 2016-01-01 | 2018-08-01 | $135,135 | $0 | $131,000 | $4,135 | $0 | $0 | $0 | $4,135 |
| Restaurant & leasehold improvements | P | 2016-01-01 | 2018-06-15 | $150,000 | $0 | $157,342 | -$7,342 | $0 | $0 | $0 | -$7,342 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $118,793 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $171,578 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $129,624 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 1.323659 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $545,668 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $397,362 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 1.373226 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $76,530 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $698,717 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.109529 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $51,836 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $807,455 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.064197 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $303,143 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $990,022 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.306198 | DistributionYr5Rt |
| Total Distribution | 3.176809 | TotalDistributionRt |
| Average Distribution | 0.635362 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $435,175 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $276,494 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $796 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $277,290 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $202,499 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,592 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,592 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,592 | TaxBasedOnInvestmentIncomeAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $0 | OriginalReturnTaxPaidAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $67 | EsPenaltyAmt |
| Tax Due | $1,659 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Charles Lacy | IndividualWithBooksNm |
| Phone | 8023556596 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 324 Browns Trace Rd | AddressLine1Txt |
| City | Jericho | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05465 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | 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 |
|---|---|---|---|---|---|---|---|---|
| Charles Lacy | ||||||||
| 324 Browns Trace Road | Jericho | VT | 05465 | President | 40.00 | $79,992 | $20,000 | $0 |
| Judy Wicks | ||||||||
| 324 Browns Trace Road | Jericho | VT | 05465 | Vice President | 0.25 | $0 | $0 | $0 |
| Ben Cohen | ||||||||
| 324 Browns Trace Road | Jericho | VT | 05465 | Chairman | 0.50 | $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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BRF continued investing and supporting artist entrepreneurs in Chester, PA, a severely troubled city. Projects include: a community theater, a maker space, restaurant & a dance studio. We provided significant consulting support to entrepreneurs as they develop art based businesses. | Description1Txt |
| Expenses1 | $102,499 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Support of New Day Chester in mortgage security, which is re-developing formerly vacant urban buildings into an arts district in Chester, PA. | Description1Txt |
| Expenses1 | $50,000 | Expenses1Amt |
| Description2 | Support to Linwood Ward, a disadvantaged artist living in Chester, PA. The loan is for purchase of a delivery vehicle for his furniture-making business. | Description2Txt |
| Expenses2 | $10,000 | Expenses2Amt |
| Total | $60,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $87 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $441,715 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $441,802 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $441,802 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,627 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $435,175 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $21,759 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $142,499 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $60,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $202,499 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $202,499 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $19,868 | Year2Amt |
| Year3 | $22,505 | Year3Amt |
| Total | $42,373 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $16,888 | Year2Amt |
| Year3 | $19,129 | Year3Amt |
| Total | $36,017 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $202,499 | CurrentYearAmt |
| Year1 | $171,578 | Year1Amt |
| Year2 | $545,668 | Year2Amt |
| Year3 | $76,530 | Year3Amt |
| Total | $996,275 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $40,000 | CurrentYearAmt |
| Year1 | $7,000 | Year1Amt |
| Year2 | $14,000 | Year2Amt |
| Total | $61,000 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $162,499 | CurrentYearAmt |
| Year1 | $164,578 | Year1Amt |
| Year2 | $531,668 | Year2Amt |
| Year3 | $76,530 | Year3Amt |
| Total | $935,275 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,434,105 | CurrentYearAmt |
| Year1 | $5,209,452 | Year1Amt |
| Year2 | $5,786,965 | Year2Amt |
| Year3 | $2,844,216 | Year3Amt |
| Total | $20,274,738 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,975,160 | CurrentYearAmt |
| Year1 | $4,771,047 | Year1Amt |
| Year2 | $5,564,692 | Year2Amt |
| Year3 | $2,105,067 | Year3Amt |
| Total | $18,415,966 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $14,506 | CurrentYearAmt |
| Year1 | $4,321 | Year1Amt |
| Year2 | $13,245 | Year2Amt |
| Year3 | $23,291 | Year3Amt |
| Total | $55,363 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Freedmen's Arts Alliance Inc | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 515 Avenue of the States | AddressLine1Txt |
| City | Chester | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Operating funds | GrantOrContributionPurposeTxt |
| Amt | $40,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $40,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest income | Desc |
| Related Or Exempt Function Incm | $4,007 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $940 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $118,793 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $119,733 | ExclusionAmt |
| Related Or Exempt Function Incm | $4,007 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $123,740 | 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 | 1a | LineNumberTxt |
| Relationship Statement | Low-interest loans in the form of Program Related Investments, consistent with the Organization's mission. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | 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 | Charles Lacy | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 324 Browns Trace | AddressLine1Txt |
| City | Jericho | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05465 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $40,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Provider Accounting/Tax | $3,485 | $2,091 | |
| Provider Payroll prep | $1,415 | $283 | |
| Provider Bookkeeping | $80 | $80 | |
| Provider Analytics | $813 | $813 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Laptop computer | PropertyDesc |
| Acquired | 2013-07-01 | AcquiredDt |
| Cost Or Other Basis | $1,562 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $1,562 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 3.000000000000 | LifeRt |
| Current Year Expense | $0 | CurrentYearExpenseAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| Unknown | ||||||
| 2000 shares Guayaki Sustainable Rainforest Products, Inc. | 2003-01 | Purchased | 2018-01 | $130,000 | $8,000 | $122,000 |
| Skinny Pancake | ||||||
| Restaurant equipment and leasehold improvements | Purchased | 2018-06 | $150,000 | $157,342 | -$7,342 | |
| NA | ||||||
| BRCH, LLC liquidation | Purchased | 2018-08 | $135,135 | $131,000 | $4,135 | |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Controlled Entity (Section 512(b)(13)) | FormAndLineReferenceDesc |
| Medium Explanation | Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity:Section 512(b)(13) controlled entity: | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Computer | CategoryOrItemTxt |
| Cost Or Other Basis | $1,562 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,562 | AccumulatedDepreciationAmt |
| Book Value | $0 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Law firm Legal services | CategoryTxt |
| Legal Fees | $1,517 | LegalFeesAmt |
| Disbursements Charitable Prps | $1,517 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (13 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PRI: B.R.C.H. LLC (Guild Com.) loan | $60,000 | $0 | $0 |
| Hardwick Beef Inc. - loan | $27,766 | $7,836 | $7,836 |
| PRI: Taza Amarilla - loan | $85,000 | $85,000 | $85,000 |
| Guayaki | $201,330 | $193,330 | $4,538,815 |
| Hardwick Beef Inc. | $125,000 | $125,000 | $500,000 |
| Indigenous Designs Corp | $164,279 | $164,279 | $227,776 |
| PRI: B.R.C.H. LLC | $131,000 | $0 | $0 |
| PRI: Taza Amarilla - equity | $30,000 | $30,000 | $30,000 |
| PRI: New Day Chester - equity | $250,000 | $250,000 | $250,000 |
| PRI: New Day Chester - loan | $115,000 | $110,000 | $110,000 |
| PRI: New Day Chester - mortgage | $50,000 | $100,000 | $100,000 |
| Skinny Pancake - loan | $0 | $115,733 | $115,733 |
| PRI: Linwood Ward - loan | $0 | $10,000 | $10,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bad debt | $19,930 | $19,930 | |
| Bank charges | $75 | $75 | |
| Office expenses | $2,373 | $475 | $1,898 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest on program investments | Desc |
| Revenue And Expenses Per Books | $4,007 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $4,007 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $4,007 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise tax | CategoryTxt |
| Amt | $1,592 | Amt |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hardwick Beef Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 225 | AddressLine1Txt |
| City | Hardwick | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01037 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 721606904 | EIN |
| Desc | None | Desc |
| Amt | $0 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |