STRATEGY STUDIO / PUBLIC DATA EXPLORER

MARKS FAMILY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
MARKS FAMILY FOUNDATION (EIN 06-1601029)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-14
IRS object ID
201823189349101707
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-14T12:21:05-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN472604526PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 397AddressLine1Txt
CityMYSTICCityNm
State AbbreviationCTStateAbbreviationCd
ZIP063550397ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061601029EIN

Business Name BusinessName

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROLE MARKS SCOTTPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2018-11-09SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL R GARVEY CPAPreparerPersonNm
PTINP00264137PTIN
Phone8605369831PhoneNum
Preparation2018-11-09PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address23.30.174.89IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-14IPDt
IP Tm11:21:05IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id97DB9962C47C60A4FA4E0617B85582D50FB1056DAtSubmissionCreationDeviceId
At Submission Filing Device Id5B5CA7FD07B7338219B8C37395F5B6EA9C1C510FAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,236FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$7InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$7InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$7TotalRevAndExpnssAmt
Total Net Invst Incm$7TotalNetInvstIncmAmt
Total Adj Net Incm$7TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,765AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,765AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$95OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$95OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,860TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,860TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$55,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$55,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$56,860TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,860TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$56,853ExcessRevenueOverExpensesAmt
Net Investment Income$7NetInvestmentIncomeAmt
Adjusted Net Income$7AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$61,089SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,236SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,236SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$61,089TotalAssetsBOYAmt
Total Assets EOY$4,236TotalAssetsEOYAmt
Total Assets EOYFMV$4,236TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$61,089RetainedEarningBOYAmt
Retained Earning EOY$4,236RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$61,089TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,236TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$61,089TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,236TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$61,089TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$56,853ExcessRevenueOverExpensesAmt
Subtotal$4,236SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,236TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$49,076AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$18,850NetVlNoncharitableAssetsYr1Amt
Distribution Yr12.603501DistributionYr1Rt
Adjusted Qlfy Distri Yr2$99,708AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$2,141NetVlNoncharitableAssetsYr2Amt
Distribution Yr246.570761DistributionYr2Rt
Adjusted Qlfy Distri Yr3$86,734AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$3,437NetVlNoncharitableAssetsYr3Amt
Distribution Yr325.235380DistributionYr3Rt
Adjusted Qlfy Distri Yr4$130,936AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$7,121NetVlNoncharitableAssetsYr4Amt
Distribution Yr418.387305DistributionYr4Rt
Adjusted Qlfy Distri Yr5$81,395AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$77,861NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.045389DistributionYr5Rt
Total Distribution93.842336TotalDistributionRt
Average Distribution18.768467AverageDistributionRt
Net Vl Noncharitable Assets$14,282NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$268,051AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$268,051AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$56,860QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

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

Location Of Books US Address LocationOfBooksUSAddress

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

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCAROLE MARKS SCOTTPersonNm

US Address USAddress

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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1TO HELP BRING PROGRAMMING THROUGH A HISTORICAL COMMUNITY THEATER TO THE COMMUNITYDescription1Txt
Expenses1$30,000Expenses1Amt
Description2TO HELP DENISON PEQUOTSEPOS NATURE CENTER OFFER PROGRAMS TO INSPIRE AND NURTURE APPRECIATION OF THE NATURAL WORLD.Description2Txt
Expenses2$10,000Expenses2Amt
Description3TO HELP SUPPORT COMMUNITY FOUNDATION CARRY OUT THEIR FUNCTION OF SUPPORTING GOOD CAUSES IN EASTERN CONNECTICUTDescription3Txt
Expenses3$10,000Expenses3Amt
Description4TO SUPPORT COMMUNITY HEALTH AND EDUCATION PROGRAMS INCLUDING THE "WELL HEALED WOMAN" PROGRAM.Description4Txt
Expenses4$5,000Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$14,500AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,500TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,500AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$218CashDeemedCharitableAmt
Net Vl Noncharitable Assets$14,282NetVlNoncharitableAssetsAmt
Minimum Investment Return$714MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$714MinimumInvestmentReturnAmt
Distributable Before Adj$714DistributableBeforeAdjAmt
Distributable Before Ded$714DistributableBeforeDedAmt
Distributable As Adjusted$714DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,860ExpensesAndContributionsAmt
Qualifying Distributions$56,860QualifyingDistributionsAmt
Adjusted Qualifying Distri$56,860AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$714DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$77,502ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$130,586ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$86,564ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$99,601ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$48,133ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$442,386TotalExcessDistributionCyovAmt
Qualifying Distributions$56,860QualifyingDistributionsAmt
Applied To Current Year$714AppliedToCurrentYearAmt
Remaining Distri From Corpus$56,146RemainingDistriFromCorpusAmt
Total Corpus$498,532TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$77,502ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$421,030ExcessDistriCyovToNextYrAmt
Excess From Year4$130,586ExcessFromYear4Amt
Excess From Year3$86,564ExcessFromYear3Amt
Excess From Year2$99,601ExcessFromYear2Amt
Excess From Year1$48,133ExcessFromYear1Amt
Excess From Current Year$56,146ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCAROLE MARKS SCOTTContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCAROLE MARKS SCOTTRecipientPersonNm

Recipient US Address RecipientUSAddress

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GARDE ARTS CENTER
325 STATE STREETNEW LONDONCT06320NONEN/ATO BRING PERFORMING ARTS TO COMMUNIT$30,000
COMMUNITY FOUNDATION OF EASTERN CT
68 FEDERAL STREETNEW LONDONCT06320NONEN/AGENERAL GRANT$10,000
LAWRENCE & MEMORIAL HOSPITALS
365 MONTAUK AVENUENEW LONDONCT06320NONEN/ASUPPORT COMMUNITY HEALTH & EDUCATION$5,000
DENISON PEQUOTSEPOS NATURE CTR
109 PEQUOTSEPOS RDMYSTICCT06355NONEN/AINSPIRE APPRECIATION OF NATURE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$55,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$7ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryGARVEY, STEELE & COMPANY LLPCategoryTxt
Amt$1,765Amt
Disbursements Charitable Prps$1,765DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK TRANSFER FEE$95$95