PLANK FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- PLANK FAMILY FOUNDATION (EIN 26-1300940)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201943199349100109
- 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
- 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 | 2019-11-15T06:01:16-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | 2018-01-01 | 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 | THOMAS GEDDES | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 4106245360 | PhoneNum |
| Signature | 2019-11-04 | 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 | 2019-11-04 | 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 | 2019-11-04 | IPDt |
| IP Tm | 15:27:49 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 377C0A7659B66925972A6D71599A6B353439AF39 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 377C0A7659B66925972A6D71599A6B353439AF39 | 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 | $18,025,059 | 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 | $999,996 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $52,208 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $52,208 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $338,159 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $338,159 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $279,411 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,949,137 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,097,809 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,669,774 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,488,176 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $3,750 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $49,916 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $12,539 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $13,135 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $13,135 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $19,526 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $675 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,969 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $164 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $139,585 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $17,724 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,007,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,007,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,146,585 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $17,724 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,007,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,476,811 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,470,452 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $39,596 | CashBOYAmt |
| Cash EOY | $22,585 | CashEOYAmt |
| Cash EOYFMV | $22,585 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $125,715 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $484,318 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $484,318 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $19,825,131 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $18,012,455 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $16,043,216 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,536 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,536 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $1,380,039 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,371,138 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,474,940 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $21,370,481 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,890,496 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $18,025,059 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $3,174 | AccountsPayableBOYAmt |
| Other Liabilities BOY | $9,150 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $9,150 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $12,324 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,150 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $21,358,157 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,881,346 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,358,157 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,881,346 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,370,481 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,890,496 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,358,157 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,476,811 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $19,881,346 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,881,346 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| GOLDMAN SACHS - #452-4 | D | 2012-03-19 | 2018-06-01 | $994,105 | $186,910 | $807,195 | $807,195 |
| 75,000 SHS FEDERAL HOME LOAN BANK SYSTEM | P | 2016-01-08 | 2018-12-14 | $75,000 | $75,000 | $0 | $0 |
| GOLDMAN SACHS - #028-4 | P | $315,202 | $300,014 | $15,188 | $15,188 | ||
| GOLDMAN SACHS - #028-4 | P | $565,270 | $520,090 | $45,180 | $45,180 | ||
| GOLDMAN SACHS - #241-1 | P | $10,517 | $10,614 | -$97 | -$97 | ||
| GOLDMAN SACHS - #241-1 | P | $4,437,339 | $4,279,546 | $157,793 | $157,793 | ||
| GOLDMAN SACHS - #399-7 | P | $105,092 | $101,228 | $3,864 | $3,864 | ||
| GOLDMAN SACHS - #399-7 | P | $296,612 | $228,542 | $68,070 | $68,070 | ||
| 150,000 SHS FFCB 0.75% | P | 2017-06-15 | 2018-04-18 | $150,000 | $149,384 | $616 | $616 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,097,809 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $17,840,930 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $28,266,982 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.631158 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $13,928,229 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $45,229,630 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.307945 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $8,896,311 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $47,005,899 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.189259 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $8,720,826 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $41,111,797 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.212125 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,468,257 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $35,132,036 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.127185 | DistributionYr5Rt |
| Total Distribution | 1.467672 | TotalDistributionRt |
| Average Distribution | 0.293534 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $17,656,037 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $5,182,647 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $14,705 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $5,197,352 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,007,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $29,409 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $29,409 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $29,409 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $85,298 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $85,298 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $55,889 | OverpaymentAmt |
| Applied To ES Tax | $55,889 | 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 | KRISTI ADKINS | IndividualWithBooksNm |
| Phone | 4106245360 | 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 (5 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 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DESIREE JACQUELINE PLANK | ||||||||
| 1030 HULL STREET 4TH FLOOR | BALTIMORE | MD | 21230 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| THOMAS J SIPPEL | ||||||||
| 98 CHURCH STREET | ROCKVILLE | MD | 20850 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| AMY S LARKIN | ||||||||
| 1030 HULL STREET 4TH FLOOR | BALTIMORE | MD | 21230 | DIRECTOR | 20.00 | $37,500 | $0 | $0 |
| THOMAS GEDDES | ||||||||
| 1030 HULL STREET 4TH FLOOR | BALTIMORE | MD | 21230 | DIRECTOR | 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 | $17,105,206 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $819,705 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $17,924,911 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $17,924,911 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $268,874 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $17,656,037 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $882,802 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $882,802 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $29,409 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $29,409 | TotalTaxAmt |
| Distributable Before Adj | $853,393 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $853,393 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $853,393 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,007,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,007,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,007,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $853,393 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $2,899,963 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $7,121,994 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $6,922,694 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $11,760,351 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $16,445,921 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $45,150,923 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,007,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $853,393 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,153,607 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $47,304,530 | 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 | $2,899,963 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $44,404,567 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $7,121,994 | ExcessFromYear4Amt |
| Excess From Year3 | $6,922,694 | ExcessFromYear3Amt |
| Excess From Year2 | $11,760,351 | ExcessFromYear2Amt |
| Excess From Year1 | $16,445,921 | ExcessFromYear1Amt |
| Excess From Current Year | $2,153,607 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KEVIN A PLANK | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | KRISTI ADKINS | 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 | 4106245360 | 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 (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ASSOCIATED BLACK CHARITIES | ||||||
| 1114 CATHERAL STREET | BALTIMORE | MD | 21201 | PC | 2017 ANNUAL GALA | $5,000 |
| BALTIMORE CITY FOUNDATION INC | ||||||
| 7 E REDWOOD STREET 9TH FLOOR | BALTIMORE | MD | 21202 | PC | GENERAL DONATION | $160,000 |
| BOOMER ESIASON FOUNDATION | ||||||
| PO BOX 28819 | NEW YORK | NY | 100878819 | PC | FUNDING RESEARCH FOR CYSTIC FIBROSIS | $50,000 |
| CHESTNUT RIDGE VOLUNTEER FIRE COMPANY | ||||||
| 12020 GREENSPRING AVENUE | OWINGS MILLS | MD | 21117 | PC | GENERAL DONATION | $5,000 |
| DRINK AT THE WELL INC | ||||||
| 4710 PENNINGTON AVENUE | BALTIMORE | MD | 21226 | PC | WORKFORCE DEVELOPMENT PROGRAMMING | $5,000 |
| EMPOWERED CHURCH MINISTRIES | ||||||
| 433B E PATAPSCO AVENUE | BALTIMORE | MD | 21225 | PC | SUPPORT LOCAL CHURCH EVENTS FOR THE COMMUNITY | $1,000 |
| EPISCOPAL DIOCESE OF MARYLAND - SUTTON SCHOLARS | ||||||
| 4 E UNIVERSITY PARKWAY | BALTIMORE | MD | 21218 | PC | SUTTON SCHOLARS PROGRAM | $30,000 |
| GLYNDON VOLUNTEER FIRE COMPANY | ||||||
| 4812 BUTLER ROAD | GLYNDON | MD | 21071 | PC | GENERAL DONATION | $5,000 |
| GRASSROOTS YOUTH MENTORING FOUNDATION (CO GYM FOUNDATION) | ||||||
| PO BOX 2513 | WALDORF | MD | 206042513 | PC | 2018 STUDENT SUPPORT SERVICESSTUDENT SUPPORT SERVICES | $175,000 |
| GREATER WASHINGTON PARTNERSHIP | ||||||
| 11911 FREEDOM DRIVE SUITE 710 | RESTON | VA | 20190 | PC | 2018 CONTRIBUTION | $250,000 |
| HOLTON ARMS SCHOOL INC | ||||||
| 7303 RIVER ROAD | BETHESDA | MD | 20817 | PC | GENERAL DONATION | $25,000 |
| LETS GO BOYS AND GIRLS | ||||||
| 3800 THOMAS POINT ROAD | ANNAPOLIS | MD | 21403 | PC | STEM PROGRAM | $2,500 |
| ST PAUL'S SCHOOL | ||||||
| PO BOX 8100 | BROOKLANDVILLE | MD | 21022 | PC | 2018 ANNUAL DONATION | $25,000 |
| ST PAULS SCHOOL FOR GIRLS | ||||||
| 11232 FALLS ROAD | LUTHERVILLETIMONIUM | MD | 21093 | PC | 2018 DONATION TO ANNUAL FUND | $25,000 |
| YOUTH LEADERSHIP FOUNDATION INC | ||||||
| 5034 WISCONSIN AVENUE SUITE 250 | WASHINGTON | DC | 20016 | PC | DONATION FOR 2018 JOHNNY HOLIDAY CLASSIC | $5,000 |
| THOROUGHBRED CHARITIES OF AMERICA INC | ||||||
| PO BOX 910668 | LEXINGTON | KY | 40591 | SO I | HORSES FIRST PROGRAM | $10,000 |
| FISHES & LOAVES PANTRY INC | ||||||
| 6414 LEHNERT STREET | BALTIMORE | MD | 21207 | PC | LAKELAND GRANTS SB7 | $5,500 |
| THE V FOUNDATION | ||||||
| 14600 WESTON PARKWAY | CARY | NC | 27513 | PC | GENERAL DONATION - IN HONOR OFGEORGE BODENHEIMER | $250,000 |
| CHESAPEAKE ARTS CENTER INC | ||||||
| 194 HAMMONDS LANE | BROOKLYN PARK | MD | 21225 | PC | GENERAL DONATION - LET'S BUILD JOBS & PARKS PROGRAM | $4,000 |
| STRONG CITY BALTIMORE | ||||||
| 3430 2ND STREET | BALTIMORE | MD | 21225 | PC | BROOKLYN SB7 COMMUMNITY CELEBRATION | $2,000 |
| BROOKLYN HOMES TENANT COUNCIL INC | ||||||
| 4140 TENTH STREET | BALTIMORE | MD | 21225 | PC | BROOKLYN SB7 END OF SCHOOL YEAR EVENT | $2,000 |
| FAIR HAVENS AME CHURCH | ||||||
| 4416 FAIRHAVEN AVE | BALTIMORE | MD | 21226 | PC | CURTIS BAY SB7 AFTERSCHOOL PROGRAM | $2,500 |
| FREEDOM TEMPLE COMMUNITY DEVELOPMENT CORPORATION | ||||||
| 2926 HOLLINS FERRY ROAD | BALTIMORE | MD | 21230 | PC | LAKELAND GRANTS SB7 | $6,000 |
| ELLE MENTORING GROUP | ||||||
| PO 26412 | BALTIMORE | MD | 21207 | PC | WESTPORT SB7 - ELLE-A-VATION WORKFORCE DEVELOPMENT PROGRAM | $2,000 |
| BOYS & GIRLS CLUB OF METROPOLITAN BALTIMORE | ||||||
| 11 WEST MOUNT VERNON PLACE | BALTIMORE | MD | 21201 | PC | WESTPORT SB7 - SUMMER FUN PROGRAM | $2,500 |
| CORPORATION OF CONCERNED CITIZENS FOR A BETTER BROOKLYN | ||||||
| 3915 5TH STREET | BALTIMORE | MD | 21225 | PC | CHERRY HILL SB7 GRANT | $12,000 |
| MAPLEWOOD ATHLETIC ASSOCIATION INC | ||||||
| 2609 BAINBRIDGE LANE | SILVER SPRING | MD | 20906 | PC | GENERAL DONATION | $5,000 |
| CHERRY HILL EAGLES FOUNDATION | ||||||
| 926 BRIDGEVIEW ROAD SUITE 101 | BALTIMORE | MD | 21225 | PC | DONATION FOR FOOTBALL TEAM TO FLORIDA FOR CHAMPIONSHIP | $5,000 |
| BUILD | ||||||
| 2439 MARYLAND AVENUE | BALTIMORE | MD | 21218 | PC | 2018 DONATION FOR TURNAROUND TUESDAY WORKFORCE DEVELOPMENT | $100,000 |
| THIS IS WORKING (CO BALTIMORE CITY FOUNDATION) | ||||||
| 100 HOLLIDAY STREET | BALTIMORE | MD | 21225 | PC | CITY WORKING SUPPORT SERVICES | $5,000 |
| COLLEGE BOUND FOUNDATION | ||||||
| 300 WATER STREET | BALTIMORE | MD | 21202 | PC | 2018 CONTRIBUTIONS | $200,000 |
| ST JOHNS COLLEGE HIGH SCHOOL | ||||||
| 2607 MILITARY ROAD NW | CHEVYCHASE | MD | 20015 | PC | ANNUAL PLEDGE | $1,000,000 |
| JOHNS HOPKINS UNIVERSITY | ||||||
| 5200 EASTERN AVENUE SUITE 357 | BALTIMORE | MD | 21224 | PC | ANNUAL PLEDGE | $250,000 |
| ARCHDIOCESE OF BALTIMORE PARTNERS IN EXCELLENCE | ||||||
| 320 CATHEDRAL STREET | BALTIMORE | MD | 21201 | PC | ANNUAL PLEDGE | $250,000 |
| ST PAUL'S SCHOOL - BRIDGES PROGRAM | ||||||
| PO BOX 8100 | BROOKLANDVILLE | MD | 21022 | PC | ANNUAL PLEDGE | $125,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,007,000 | 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 | $52,208 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $338,159 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $279,411 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $669,778 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $669,778 | 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 | 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 - 50% OF THE MEMBERS OF EACH BOARD ARE COMMON TO BOTH BOARDS. | RelationshipDescriptionTxt |
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 | KEVIN A PLANK | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 930 GREENSPRING VALLEY ROAD | AddressLine1Txt |
| City | LUTHERVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21093 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $999,996 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 3,340 SHS CHURCHILL DOWNS INC. | NoncashPropertyDesc |
| Fair Market Value | $999,996 | FairMarketValueAmt |
| Received | 2018-05-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $12,539 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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 | $15,725,955 | $15,228,992 |
| GOLDMAN SACHS - UNDER ARMOUR | AT COST | $2,286,500 | $814,224 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT PROPERTY- 6315 33RD STREET NW | $1,363,650 | $1,363,650 | $1,466,820 |
| DEFERRED ASSET - DISALLOWED LOSS | $6,043 | $0 | $0 |
| OTHER CURRENT ASSETS | $10,346 | $7,488 | $8,120 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL SERVICE FEES | $820 | $164 | $0 |
| INSURANCE | $6,149 | $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 | $13,135 | Amt |
| Net Investment Income | $13,135 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $6,745 | $675 | $0 |
| REAL ESTATE TAXES | $12,781 | $0 | $0 |