SKYWORDS FAMILY FOUNDATION INC A NEW CORPORATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SKYWORDS FAMILY FOUNDATION INC A NEW CORPORATION (EIN 20-1247525)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201943199349103854
- 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
- Contractor Compensation Expln
- Depreciation Schedule
- General Explanation Attachment
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-15T12:31:47-08:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 942941784 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Delagnes Mitchell & Linder LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Montgomery Street Suite 1050 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 941041999 | 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 | 201247525 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Skywords Family Foundation Inc | BusinessNameLine1Txt |
| Business Name Line2 | co Cynthia Rowland | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SKYW | BusinessNameControlTxt |
| Phone | 4154358002 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 235 Montgomery Street 17th Floor | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael Davis | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2019-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Edwin Niiya | PreparerPersonNm |
| PTIN | P00237112 | PTIN |
| Phone | 4159830500 | PhoneNum |
| 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 | $98,378,336 | 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 | $6,498,752 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $16,694 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $16,694 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,621,920 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,621,920 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $3,600 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $3,600 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $3,600 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$388,866 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $15,560,523 | GrossSalesPriceAmt |
| Total Rev And Expnss | $8,752,100 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,642,214 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $108,735 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $108,735 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $31,991 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $31,991 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,523 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $4,523 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $220,047 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $220,047 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $20,816 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $322 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $20,494 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $24,855 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $24,855 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $238,374 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $37,405 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $200,969 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $649,341 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $257,774 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $391,567 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,395,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,395,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,044,341 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $257,774 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,786,567 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,707,759 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,384,440 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $7,604,621 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,228,492 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,228,492 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $5,007 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $5,120 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $5,120 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $19,377,617 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $15,277,601 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $16,251,063 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $822,000 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,764,311 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,826,676 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $65,777,919 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $73,193,337 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $68,509,512 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,579,666 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $155,755 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $997,741 | LandBOYAmt |
| Land EOY | $2,423,911 | LandEOYAmt |
| Land EOYFMV | $2,423,911 | LandEOYFMVAmt |
| Other Assets BOY | $2,869,974 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,152,009 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,133,562 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $97,454,879 | TotalAssetsBOYAmt |
| Total Assets EOY | $102,044,781 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $98,378,336 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $2,588 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,865 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $2,588 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,865 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $97,452,291 | RetainedEarningBOYAmt |
| Retained Earning EOY | $102,039,916 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $97,452,291 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $102,039,916 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $97,454,879 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $102,044,781 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $97,452,291 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,707,759 | ExcessRevenueOverExpensesAmt |
| Subtotal | $103,160,050 | SubtotalAmt |
| Other Decreases | $1,120,134 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $102,039,916 | 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 | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Capital losses - Detail upon request | P | 2001-01-01 | 2018-12-31 | $15,560,488 | $15,947,932 | -$387,444 | -$387,444 |
| Settlement proceeds - Investments | P | 2001-01-01 | 2018-12-31 | $35 | $35 | $35 | |
| LTCL via Renewal3 US LP | P | 2001-01-01 | 2018-12-31 | $1,375 | -$1,375 | -$1,375 | |
| LTCL via Renewal4 US LP | P | 2001-01-01 | 2018-12-31 | $82 | -$82 | -$82 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$388,866 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $4,518,174 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $87,696,434 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.05152 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,212,256 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $84,262,556 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.03812 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,347,734 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $78,615,401 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04258 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,687,235 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $74,319,332 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04961 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,773,380 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $68,877,293 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.02575 | DistributionYr5Rt |
| Total Distribution | 0.207587 | TotalDistributionRt |
| Average Distribution | 0.041517 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $90,229,547 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,746,060 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $23,844 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,769,904 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $4,219,906 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $23,844 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $23,844 | SubtotalAmt |
| Tax Based On Investment Income | $23,844 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $45,906 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $45,906 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $22,062 | OverpaymentAmt |
| Applied To ES Tax | $22,062 | 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 |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Edwin Niiya | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4159830500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Montgomery Street 1050 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | 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 | false | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (true) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | 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 |
|---|---|---|---|---|---|---|
| Michael Davis | ||||||
| c/o 235 Montgomery St 17th Fl | San Francisco | CA | 94104 | President | 8.00 | $0 |
| Janet Jyll Johnstone | ||||||
| c/o 235 Montgomery St 17th Fl | San Francisco | CA | 94104 | Secretary/Treas | 8.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Christopher Tebbutt | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o 235 Montgomery St 17th Fl | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Manager | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $74,535 | CompensationAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wells Fargo | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 525 Market Street 10th Floor | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment Mgmt | ServiceTypeTxt |
| Compensation | $180,047 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Grant making for direct charitable and educational activities. | Description1Txt |
| Expenses1 | $391,567 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Foundation purchased and improved a property in Boonville, CA to serve as library to further its charitable purpose. | Description1Txt |
| Expenses1 | $1,433,339 | Expenses1Amt |
| Total | $1,433,339 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $87,071,405 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,532,196 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $91,603,601 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $91,603,601 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,374,054 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $90,229,547 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,511,477 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,511,477 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $23,844 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $23,844 | TotalTaxAmt |
| Distributable Before Adj | $4,487,633 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,487,633 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,487,633 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,786,567 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,433,339 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,219,906 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $23,844 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,196,062 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,487,633 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,328,550 | UndistributedIncomePYAmt |
| Qualifying Distributions | $4,219,906 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,328,550 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $891,356 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $3,596,277 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Canobie Films Inc | |||||||
| c/o 235 Montgomery St 17th Fl | San Francisco | CA | 94104 | None | PF | To further charitable and educational purposes in the local community. | $1,400,000 |
| Ginungagap Foundation | |||||||
| c/o 235 Montgomery St 17th Fl | San Francisco | CA | 94104 | None | 509(a) | To further charitable and educational purposes in the local community. | $300,000 |
| Summerfield Waldorf School Farm | |||||||
| 655 Willowside Rd | Santa Rosa | CA | 95401 | None | 509(a) | To further charitable and educational purposes in the local community. | $25,000 |
| SteinerBooks | |||||||
| 610 Main Street | Great Barrington | MA | 01230 | None | 509(a) | To further charitable and educational purposes in the local community. | $400,000 |
| Elite Synchro USA Inc | |||||||
| 1011 Detroit Avenue Suite A | Concord | CA | 94518 | None | 509(a) | To further charitable and educational purposes in the local community. | $250,000 |
| Act For Lebanon | |||||||
| 1112 Wilmot Road | Scarsdale | NY | 10583 | None | 509(a) | To further charitable and educational purposes in the local community. | $5,000 |
| The Marion Institute Inc | |||||||
| 202 Spring St | Marion | MA | 02738 | None | 509(a) | To further charitable and educational purposes in the local community. | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,395,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $16,694 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,621,920 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $3,600 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$388,866 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,253,348 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,253,348 | TotalIncomeProducingActyAmt |
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 | M Davis Charitable Lead Trust | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1621 Juanita Lane | AddressLine1Txt |
| City | Tiburon | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 949202528 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $12,239,496 | 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 | 5,000 shares Bank of America2,000 shares Citigroup134,875 shares Federal Home Loan Mortgage Corp114, | NoncashPropertyDesc |
| Fair Market Value | $5,740,744 | FairMarketValueAmt |
| Received | 2018-12-14 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Bookkeeping | CategoryTxt |
| Amt | $4,523 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,523 | DisbursementsCharitablePrpsAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
Contractor Business Name ContractorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wells Fargo | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Fees paid for management of investment portfolio. | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | RtRt | Current Year ExpenseCurrentYearExpenseAmt | LifeLifeRt |
|---|---|---|---|---|---|---|---|
| Solar Photovoltaic System | 2015-05-22 | $34,399 | $24,493 | 200DB | 0.1152 | $3,963 | |
| Improvements - Office | 2016-03-21 | $23,739 | $5,934 | SL | $3,391 | 7.0000 | |
| Office Furniture | 2017-05-04 | $9,156 | $872 | SL | $1,308 | 7.0000 | |
| Improvements - Office | 2017-05-25 | $10,346 | $862 | SL | $1,478 | 7.0000 | |
| Office Furniture Cabinet | 2018-07-05 | $3,200 | SL | $229 | 7.0000 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | Skywords Family Foundation, Inc.Statement under Reg. Sec. 53.4945-5(d)Skywords made a grants to a private foundation which is subject to expenditure responsibility requirements of section 4945(h). Pursuant to Reg. Sec. 53-4945-5(d)(2), information regarding the grants is as follows:(i) Grantee: Canobie Films Foundation, Inc., 235 Montgomery Street, 17th Floor, San Francisco CA 94104(ii) Grants: 1/4/18 $600,000, 2/20/18 $300,000, 6/4/18 $300,000 and 10/4/18 $200,000(iii) Purpose: To support independent filmmaking(iv) Amounts expended by grantee: $1,293,767 (v) Diversion from purpose: Grantee has NOT diverted any funds from intended purpose(vi) Date of reports: November 2019 | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $12,356 | $2,409 | $9,947 | $9,947 |
| Improvements | $181,709 | $153,346 | $28,363 | $28,363 |
| Land | $2,385,601 | $2,385,601 | $2,385,601 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $31,991 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $31,991 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (8 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Dream Flowers Investment | $117,686 | $115,266 | $110,000 |
| Due from Canobie Films | $376 | $376 | $376 |
| Gaia Herbs | $2,000,000 | $2,000,000 | $2,000,000 |
| Mindwall Inc. Investment | $240,000 | $240,000 | $240,000 |
| Reimbursable Expenditures | $783 | $783 | |
| Renewal 3 Investment | $508,947 | $731,436 | $726,837 |
| Renewal 4 Investment | $64,147 | $55,566 | |
| Rounding | $1 | $1 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Difference between FMV and basis of stock grant received | Desc |
| Amt | $1,120,134 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Bank Charges | $3,546 | $3,546 | |
| Depreciation/Amortization | $10,369 | $10,369 | |
| Filigreen West Program | $50,980 | $50,980 | |
| Grant Admin/Program Research | $98,219 | $98,219 | |
| Insurance | $28,449 | $28,449 | |
| Investment Expenses | $37,405 | $37,405 | |
| Office Expenses | $1,828 | $1,828 | |
| Office Supplies | $177 | $177 | |
| Payroll Expenses | $725 | $725 | |
| Publication | $99 | $99 | |
| Telephone | $1,903 | $1,903 | |
| Utilities | $4,674 | $4,674 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Due to Canobie Films | $65 | $65 |
| Credit card | $2,523 | $4,800 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $220,047 | Amt |
| Net Investment Income | $220,047 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Foreign tax | $322 | $322 | |
| Payroll tax | $8,696 | $8,696 | |
| Property tax | $11,798 | $11,798 |