SKYWORDS FAMILY FOUNDATION INC A NEW CORPORATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SKYWORDS FAMILY FOUNDATION INC A NEW CORPORATION (EIN 20-1247525)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-08
- IRS object ID
- 201703129349100730
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- 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 | 2017-11-08T10:20:57-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
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 | 2016-01-01 | 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 | 2017-11-08 | 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 | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $90,665,577 | 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 | $6,193,476 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $5,458 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5,458 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,355,194 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,355,194 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $5,200 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $5,200 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $5,200 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $367,251 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $56,276,974 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $367,251 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $8,926,579 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,733,103 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $91,824 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $91,824 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $33,086 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $33,086 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $62,816 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $62,816 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $217,025 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $215,475 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,550 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $51,935 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $550 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $21,385 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $22,300 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $22,300 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $144,112 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $28,282 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $115,830 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $623,098 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $244,307 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $348,791 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,863,465 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,863,465 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,486,563 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $244,307 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,212,256 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,440,016 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,488,796 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $8,512,356 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,384,814 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,384,814 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses EOY | $5,037 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $5,037 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $16,903,731 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $25,688,428 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $25,607,703 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $276,107 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,233,000 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,890,000 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $60,655,896 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $53,899,930 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $50,982,050 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,123,625 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $133,656 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $979,781 | LandBOYAmt |
| Land EOY | $989,969 | LandEOYAmt |
| Land EOYFMV | $989,970 | LandEOYFMVAmt |
| Other Assets BOY | $621,649 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,817,423 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,806,003 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $87,949,520 | TotalAssetsBOYAmt |
| Total Assets EOY | $93,018,601 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $90,665,577 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $65 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $65 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $87,949,520 | RetainedEarningBOYAmt |
| Retained Earning EOY | $93,018,536 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $87,949,520 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $93,018,536 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $87,949,520 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $93,018,601 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $87,949,520 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,440,016 | ExcessRevenueOverExpensesAmt |
| Subtotal | $93,389,536 | SubtotalAmt |
| Other Decreases | $371,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $93,018,536 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Capital gains - Detail upon request | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2016-01-01 | AcquiredDt |
| Sold | 2016-12-31 | SoldDt |
| Gross Sales Price | $56,276,974 | GrossSalesPriceAmt |
| Cost Or Other Basis | $55,909,723 | CostOrOtherBasisAmt |
| Gain Or Loss | $367,251 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $367,251 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $367,251 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $367,251 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,347,734 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $78,615,401 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04258 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,687,235 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $74,319,332 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04961 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,773,380 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $68,877,293 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.02575 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,313,323 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $62,497,715 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.02101 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,753,337 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $56,251,246 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.08450 | DistributionYr5Rt |
| Total Distribution | 0.223460 | TotalDistributionRt |
| Average Distribution | 0.044692 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $84,262,556 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,765,862 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $24,888 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,790,750 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,212,256 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $49,776 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $49,776 | SubtotalAmt |
| Tax Based On Investment Income | $49,776 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $70,340 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $70,340 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $20,564 | OverpaymentAmt |
| Applied To ES Tax | $20,564 | 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 |
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 | $68,324 | CompensationAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Wells Fargo | |||||
| 525 Market Street 10th Floor | San Francisco | CA | 94105 | Investment Mgmt | $165,875 |
| Delagnes Mitchell & Linder LLP | |||||
| 300 Montgomery Street Suite 1050 | San Francisco | CA | 94104 | Audit & Tax Prep | $60,700 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Grant making for direct charitable and educational activities. | Description1Txt |
| Expenses1 | $348,790 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $80,079,302 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $5,466,440 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $85,545,742 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $85,545,742 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,283,186 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $84,262,556 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,213,128 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,213,128 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $49,776 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $49,776 | TotalTaxAmt |
| Distributable Before Adj | $4,163,352 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,163,352 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,163,352 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,212,256 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,212,256 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $3,212,256 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,163,352 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,560,122 | UndistributedIncomePYAmt |
| Qualifying Distributions | $3,212,256 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,560,122 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $652,134 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $3,511,218 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Marin Waldorf School | |||||||
| 755 Idylberry Road | San Rafael | CA | 94903 | None | 509(a) | To further charitable and educational purposes in the local community. | $40,000 |
| 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. | $1,275,000 |
| 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. | $600,000 |
| Summerfield Waldorf School Farm | |||||||
| 655 Willowside Rd | Santa Rosa | CA | 95401 | None | 509(a) | To further charitable and educational purposes in the local community. | $22,000 |
| SteinerBooks | |||||||
| 610 Main Street | Great Barrington | MA | 01230 | None | 509(a) | To further charitable and educational purposes in the local community. | $350,000 |
| Hazelden Betty Ford Foundation | |||||||
| 15251 Pleasant Valley Rd | Center City | MN | 55012 | None | 509(a) | To further charitable and educational purposes in the local community. | $42,465 |
| 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. | $520,000 |
| Kolunga Village Foundation | |||||||
| PO Box 2 | Yorkville | CA | 95494 | None | 509(a) | To further charitable purposes for Kolunga Village in Kenya for orphans and families affected by AIDS. | $2,000 |
| Friends of Congo | |||||||
| 1629 K Street NW Suite 300 | Washington | DC | 20006 | None | 509(a) | To further charitable purposes to bring peaceful & lasting change in the Democratic Republic of Congo. | $12,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,863,465 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,458 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,355,194 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $5,200 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $367,251 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,733,103 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,733,103 | 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 | $6,193,476 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping | $2,116 | $0 | $0 | $2,116 |
| CPA Fees | $60,700 | $0 | $0 | $60,700 |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| Delagnes Mitchell & Linder LLP |
| Fees paid for audit and tax preparation services |
| Wells Fargo |
| Fees paid for management of investment portfolio. |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (2 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 | $6,880 | 200DB | 0.3200 | $11,008 | |
| Improvements - Office | 2016-03-21 | $23,739 | SL | $2,543 | 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: 1/4/16 $600,000, 5/5/16 $400,000, 8/31/16 $200,000, 11/14/16 $50,000 and 12/28/16 $25,000(iii) Purpose: To support independent filmmaking(iv) Amounts expended by grantee: $1,191,011(v) Diversion from purpose: Grantee has NOT diverted any funds from intended purpose(vi) Date of reports: November 2017 | MediumExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Improvements | $171,363 | $133,656 | $37,707 | $37,708 |
| Land | $952,262 | $952,262 | $952,262 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $33,086 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $33,086 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (6 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt | BOY Book ValueBOYBookValueAmt |
|---|---|---|---|
| Credit Card Credit Balance | $4,204 | $4,204 | |
| Dream Flowers Investment | $116,923 | $110,000 | $116,344 |
| Due from Canobie Films | $376 | $376 | |
| Gaia Herbs | $2,000,000 | $2,000,000 | |
| Mindwall Inc. Investment | $240,000 | $240,000 | $240,000 |
| Renewal 3 Investment | $455,920 | $451,423 | $265,305 |
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 | $371,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Bank Charges | $5,190 | $5,190 | |
| Depreciation/Amortization | $13,551 | $13,551 | |
| Filigreen West Program | $6,834 | $6,834 | |
| Grant Admin/Program Research | $51,945 | $51,945 | |
| Insurance | $25,125 | $25,125 | |
| Investment Expenses | $28,282 | $28,282 | |
| Office Expenses | $6,994 | $6,994 | |
| Office Supplies | $389 | $389 | |
| Payroll Expenses | $782 | $782 | |
| Telephone | $1,276 | $1,276 | |
| Utilities | $3,744 | $3,744 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Due to Canobie Films | Desc |
| EOY Book Value | $65 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment Management Fees | $215,475 | $215,475 | $0 | $0 |
| Program Consultations | $1,550 | $0 | $0 | $1,550 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Federal tax payments | $30,000 | ||
| Foreign tax | $550 | $550 | |
| Payroll tax | $7,445 | $7,445 | |
| Property tax | $13,940 | $13,940 |