BEVERLEY TAYLOR SORENSON FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- BEVERLEY TAYLOR SORENSON FOUNDATION (EIN 46-3784084)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201733199349104683
- 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
- Accounting Fees Schedule
- Contractor Compensation Expln
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T16:49:14-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463784084 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Beverley Taylor Sorenson Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BEVE | BusinessNameControlTxt |
| Phone | 8014901012 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James Lee Sorenson | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2017-11-15 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $22,292,425 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $831 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $831 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $485,755 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $468,291 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$150,511 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,082,277 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $64,444 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $25,666 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $400,519 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $494,788 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $13,378 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $136,020 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $136,020 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $22,919 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,000 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,481 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $173,798 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $137,020 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $40,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $40,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $213,798 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $137,020 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $40,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $186,721 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $357,768 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $3,280 | CashEOYAmt |
| Cash EOYFMV | $3,280 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,682,984 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,497,031 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,497,031 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $108,834 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $106,921 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $106,921 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $15,366,169 | CorporateStockBOYAmt |
| Corporate Stock EOY | $16,695,364 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $16,695,364 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,685,000 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,721,306 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,721,306 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,375,663 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,248,761 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,268,523 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $20,218,650 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,272,663 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $22,292,425 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $20,218,650 | RetainedEarningBOYAmt |
| Retained Earning EOY | $22,272,663 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,218,650 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,272,663 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,218,650 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,272,663 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,218,650 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $186,721 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,867,292 | OtherIncreasesAmt |
| Subtotal | $22,272,663 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $22,272,663 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly traded securities | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $3,082,277 | GrossSalesPriceAmt |
| Cost Or Other Basis | $3,232,788 | CostOrOtherBasisAmt |
| Gain Or Loss | -$150,511 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$150,511 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$150,511 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$150,511 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $838,550 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $22,773,326 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03682 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $557,257 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,932,399 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.28838 | DistributionYr2Rt |
| Total Distribution | 0.325198 | TotalDistributionRt |
| Average Distribution | 0.162599 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $21,066,971 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,425,468 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,578 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,429,046 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $40,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,155 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,155 | SubtotalAmt |
| Tax Based On Investment Income | $7,155 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $11,779 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $11,779 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,624 | OverpaymentAmt |
| Applied To ES Tax | $4,624 | 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 |
| 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 | James Lee Sorenson | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8014901012 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | 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 | false | 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| James Lee Sorenson | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Director | 0.00 | $0 |
| Joan Fenton | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Director | 0.00 | $0 |
| Joseph Sorenson | ||||||
| 299 S Main Street Suite 2200 | Salt Lake City | UT | 84111 | Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Merrill Lynch | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 American Blvd NJ12-150-01-13 | AddressLine1Txt |
| City | Pennington | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08534 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment advice | ServiceTypeTxt |
| Compensation | $136,020 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $19,639,837 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,503,358 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $244,593 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $21,387,788 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $21,387,788 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $320,817 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,066,971 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,053,349 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,053,349 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,155 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,155 | TotalTaxAmt |
| Distributable Before Adj | $1,046,194 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,046,194 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,046,194 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $40,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $40,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $40,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,046,194 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr2 | $323,321 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $323,321 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $40,000 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $40,000 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $323,321 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $323,321 | ExcessDistributionCyovAppCYAmt |
| Undistributed Income CY | $682,873 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Beverley Taylor Sorenson Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 S Main Street Suite 2200 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 84111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8014901012 | RecipientPhoneNum |
| Form And Info And Materials | Applicants may obtain a Grant Application by contacting the Foundation at the above address or by calling the above telephone number. Information required by the Foundation for consideration of a grant includes the description of the applicant's organization and mission, a copy of applicant's IRS Determination Letter for qualification as a 501(c)(3) exempt organization (if applicable), a copy of the applicant's most recent financial statements, background of the applicant's directors and key personnel, a statement of the amount of the grant requested and detailed information as to how and when the grant funds will be used, and other information outlined in the Grant Application | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | Quarterly: January 1, April 1, July 1, October 1 | SubmissionDeadlinesTxt |
| Restrictions On Awards | An award of a grant will only be made for permitted charitable purposes consistent with the purpose and mission of the Foundation and the Internal Revenue Code and applicable tax law | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Brigham Young Univerisity | ||||||
| 1450 N University Ave | Provo | UT | 84604 | PC | School of Music concert series | $25,000 |
| Governor's Mansion Foundation | ||||||
| 603 E South Temple | Salt Lake City | UT | 84102 | PC | Art series | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $40,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $831 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $485,755 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$150,511 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Passthrough income | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $64,444 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $400,519 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $400,519 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $13,378 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
Contractor Business Name ContractorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Merrill Lynch | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Merrill Lynch receives compensation for managing the Foundation's investment portfolio. | ExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (16 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Boeing Company Aug 2024 | $134,816 | $134,816 |
| Comcast Corp GLB Jul 2019 | $112,233 | $112,233 |
| ConocoPhilllips GLB Nov 2024 | $99,843 | $99,843 |
| Credit Suisse GLB Jan 2020 | $109,704 | $109,704 |
| Direct TV Holdings Apr 2024 | $105,344 | $105,344 |
| General Electric Feb 2022 | $114,490 | $114,490 |
| JP Morgan Chase GLB Oct 2017 | $104,681 | $104,681 |
| L-3 Communications GLB May 2024 | $102,057 | $102,057 |
| Marathon Oil GLB Mar 2018 | $106,137 | $106,137 |
| Metlife Inc GLB Feb 2019 | $114,758 | $114,758 |
| Morgan Stanley GLB May 2019 | $112,381 | $112,381 |
| Newell Rubbermaid Inc Aug 2020 | $91,826 | $91,826 |
| Northrop Grumman GLB Jun 2018 | $100,416 | $100,416 |
| Textron Inc GLB Mar 2021 | $103,934 | $103,934 |
| Walgreen Co GLB Sep 2022 | $100,889 | $100,889 |
| Waste Management Inc Jun 2020 | $107,797 | $107,797 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Corporate Stocks (see stmt) | StockNm |
| EOY Book Value | $16,695,364 | EOYBookValueAmt |
| EOYFMV | $16,695,364 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $106,921 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $106,921 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ML Private Equity Investments | FMV | $2,004,168 | $2,004,168 |
| Private Equity Investment | AT COST | $244,593 | $264,355 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Insurance | $1,474 |
| Postage & delivery | $7 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Passthrough income | Desc |
| Revenue And Expenses Per Books | $64,444 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $25,666 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Management Fees | CategoryTxt |
| Amt | $136,020 | Amt |
| Net Investment Income | $136,020 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Federal taxes | $21,919 | |
| Foreign taxes | $1,000 | $1,000 |