INNOVATE FAMILY FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- INNOVATE FAMILY FOUNDATION (EIN 27-3980665)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201743199349104654
- Schema version
- 2016v3.1
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T17:00:24-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Ln Ste 212 | AddressLine1Txt |
| City | Lake Success | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 273980665 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Innovate Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | INNO | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY RANZETTA | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2017-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.187.244.114 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520173195000051 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-11-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0B775BB9C0E0C9DA339247063A24C50179569C8E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 70AA59F2BE43B178611149847D763A183DD9022D | AtSubmissionFilingDeviceId |
| 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 | $12,562,852 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $2,295 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,295 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $236,257 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $236,257 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $216,437 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $599,837 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $216,437 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,936 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,402 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $456,925 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $457,391 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $88,893 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $88,893 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $9,980 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $9,980 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,363 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,363 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $16,167 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $16,167 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $11,601 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $5,144 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,144 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $79,326 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $12,598 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $66,727 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $215,474 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $12,598 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $191,274 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $880,962 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $820,873 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,096,436 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $12,598 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,012,147 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$639,511 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $444,793 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,094,532 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $626,672 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $626,672 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $80,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $262,500 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $80,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $80,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $7,418,445 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,150,650 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,841,277 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $547,994 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $826,638 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,014,903 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $9,323,471 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,683,960 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,562,852 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $9,323,471 | RetainedEarningBOYAmt |
| Retained Earning EOY | $8,683,960 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,323,471 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,683,960 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,323,471 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,683,960 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,323,471 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$639,511 | ExcessRevenueOverExpensesAmt |
| Subtotal | $8,683,960 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $8,683,960 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly-traded Securities | $599,837 | $358,957 | $240,880 | $240,880 | |||
| Passthrough K1 Capital Gain/(Loss) | $557 | ||||||
| GRATITUDE INVESTMENTS, INC | $25,000 | -$25,000 | -$25,000 | P | 2015-10-09 | 2016-12-31 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $216,437 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,204,997 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $12,971,711 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.092894 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,004,170 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $13,371,896 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.075096 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $958,183 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $12,703,099 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.075429 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $413,841 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,791,323 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.035097 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $202,362 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,398,007 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.017754 | DistributionYr5Rt |
| Total Distribution | 0.29627 | TotalDistributionRt |
| Average Distribution | 0.059254 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $11,995,787 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $710,798 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $4,448 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $715,246 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,012,147 | 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 | $4,448 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,448 | SubtotalAmt |
| Tax Based On Investment Income | $4,448 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,552 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $15 | AppliedToEsTaxAmt |
| Total Payments And Credits | $9,567 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $5,119 | OverpaymentAmt |
| Applied To ES Tax | $5,119 | 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 |
| 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 |
| Org Report Or Register State | DE | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 |
| Business Holdings | false | BusinessHoldingsInd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Timothy Ranzetta | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Pres / Dir / Sec | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 5.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLIN J POLITZER | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 425 2ND STREET 602 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | MANAGING DIRECTOR | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $88,893 | CompensationAmt |
| Employee Benefits | $9,980 | EmployeeBenefitsAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION SOURCE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 WALLS DRIVE 3RD FLOOR | AddressLine1Txt |
| City | FAIRFIELD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | ADMINISTRATIVE | ServiceTypeTxt |
| Compensation | $54,853 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FINANCIAL LITERACY FOR YOUTH PROGRAM WORKS TO BRING FREE, QUALITY EDUCATION TO ALL YOUNG PEOPLE IN ORDER TO ALLOW THEM TO TAKE CONTROL OF THEIR FINANCIAL FUTURES. | Description1Txt |
| Expenses1 | $131,063 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,515,573 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $575,835 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,087,056 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,178,464 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,178,464 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $182,677 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,995,787 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $599,789 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $599,789 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,448 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,448 | TotalTaxAmt |
| Distributable Before Adj | $595,341 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $595,341 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $595,341 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,012,147 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,012,147 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $4,448 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,007,699 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $595,341 | DistributableAsAdjustedAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Prior Year3 | 2012 | PriorYear3Yr |
| Excess Distribution Cyov Yr2 | $104,852 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $570,709 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $675,561 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,012,147 | QualifyingDistributionsAmt |
| Applied To Current Year | $595,341 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $416,806 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,092,367 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,092,367 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $104,852 | ExcessFromYear2Amt |
| Excess From Year1 | $570,709 | ExcessFromYear1Amt |
| Excess From Current Year | $416,806 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Timothy Ranzetta | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALPHA PUBLIC SCHOOLS INC | |||||||
| PO BOX 21366 | SAN JOSE | CA | 95151 | N/A | PC | Professional Development fund for 4 Alpha teachers | $5,000 |
| CENTER FOR FINANCIAL CAPABILITY INC | |||||||
| PO BOX 218 | PALO ALTO | CA | 94302 | N/A | PC | General & Unrestricted | $60,089 |
| COLLEGESPRING INC | |||||||
| 1333 BROADWAY STE 250 | OAKLAND | CA | 94612 | N/A | PC | coaching services for emerging leaders Fund | $2,400 |
| COLLEGESPRING INC | |||||||
| 1333 BROADWAY STE 250 | OAKLAND | CA | 94612 | N/A | PC | Professional Development Fund | $1,715 |
| COLLEGESPRING INC | |||||||
| 1333 BROADWAY STE 250 | OAKLAND | CA | 94612 | N/A | PC | Diversity and Inclusion All-Staff Training Program | $885 |
| EASTSIDE COLLEGE PREPARATORY SCHOOL INC | |||||||
| 1041 MYRTLE ST | E PALO ALTO | CA | 94303 | N/A | PC | Endowment Fund, Career Pathway Fund and Scholarship Fund | $280,000 |
| FRESH LIFELINES FOR YOUTH INC | |||||||
| 568 VALLEY WAY | MILPITAS | CA | 95035 | N/A | PC | professional develoment Fund | $5,000 |
| FRESH LIFELINES FOR YOUTH INC | |||||||
| 568 VALLEY WAY | MILPITAS | CA | 95035 | N/A | PC | Program expansion to San Francisco and Alameda County | $75,000 |
| IMPACTASSETS INC | |||||||
| 7315 WISCONSIN AVE STE 1100W | BETHESDA | MD | 20814 | N/A | PC | FARM Fund | $100,000 |
| IQRA FUND | |||||||
| PO BOX 416 | BOZEMAN | MT | 59771 | N/A | PC | General & Unrestricted | $100,000 |
| IQRA FUND | |||||||
| PO BOX 416 | BOZEMAN | MT | 59771 | N/A | PC | Professional Development Fund | $5,000 |
| MERITUS COLLEGE FUND | |||||||
| PO BOX 29024 | SAN FRANCISCO | CA | 94129 | N/A | PC | Professional Development Fund | $4,934 |
| MK LEVEL PLAYING FIELD INSTITUTE | |||||||
| 2148 BROADWAY | OAKLAND | CA | 94612 | N/A | PC | SMASH program | $50,000 |
| OPPORTUNITY INSTITUTE | |||||||
| 2001 CENTER ST 5TH FL | BERKELEY | CA | 94704 | N/A | PC | San Francisco Talking is Teaching Program | $25,000 |
| RECTOR & VISITORS OF THE UNIVERSITY OF VIRGINIA | |||||||
| PO BOX 400331 | CHARLOTTESVILLE | VA | 22904 | N/A | PC | Rotunda Restoration Program | $20,000 |
| SCHOLARMATCH INC | |||||||
| 849 VALENCIA ST | SAN FRANCISCO | CA | 94110 | N/A | PC | General & Unrestricted | $50,000 |
| SCHOLARMATCH INC | |||||||
| 849 VALENCIA ST | SAN FRANCISCO | CA | 94110 | N/A | PC | Professional Development Fund | $5,000 |
| SILICON VALLEY COMMUNITY FOUNDATION | |||||||
| 2440 W EL CAMINO REAL STE 300 | MOUNTAIN VIEW | CA | 94040 | N/A | PC | Center for Early Learning Program | $25,000 |
| SPRINGBOARD COLLABORATIVE | |||||||
| TWO PENN CENTER STE 1315 1500 JOHN | PHILADELPHIA | PA | 19102 | N/A | PC | General & Unrestricted | $50,000 |
| TEEN SUCCESS INC | |||||||
| 508 VALLEY WAY | MILPITAS | CA | 95035 | N/A | PC | Charitable Event | $1,000 |
| THE RESET FOUNDATION | |||||||
| PO BOX 2305 | BERKELEY | CA | 94702 | N/A | PC | Professional Development Training/Travel Fund | $4,820 |
| UASPIRE INC | |||||||
| 1904 FRANKLIN ST STE 250 | OAKLAND | CA | 94612 | N/A | PC | Professional Development Training Fund | $5,185 |
| UNIVERSITY OF NOTRE DAME DU LAC | |||||||
| 511 MAIN BLDG | NOTRE DAME | IN | 46556 | N/A | PC | Center for STEM Education - professional development fund | $4,934 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $880,962 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,295 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $236,257 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $216,437 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | -$466 | 14 | $870 |
| INTEREST ON LOANS RECEIVABLE | 01 | $1,532 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$466 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $457,391 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $456,925 | 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 | General Consultations | CategoryTxt |
| Amt | $4,363 | Amt |
| Disbursements Charitable Prps | $4,363 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Grant Disclosure Part I, Line 25 and Part XV, Line 3A | IdentifierTxt |
| Form And Line Reference | 990-PF, Part I, Line 25 and Part XV, Line 3A | FormAndLineReferenceDesc |
| Medium Explanation | TOTAL Form 990-PF, Part I, Line 25, column (A) and Part XV, Line 3A: $880,962 LESS grants not reported as a qualifying distribution on Part I, Line 25: $60,089 TOTAL Form 990-PF, Part I, Line 25, Column (D): $820,873 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| VANGUARD FTSE ALL-WLD EX-US SM | $290,736 | $282,648 |
| VANGUARD FTSE ALL-WORLD EX-US | $1,501,600 | $1,471,371 |
| VANGUARD FTSE EMERGING MARKETS | $235,955 | $182,586 |
| VANGUARD GROWTH ETF | $1,437,332 | $2,750,419 |
| VANGUARD SMALL-CAP GROWTH ETF | $274,132 | $460,835 |
| VANGUARD SMALL-CAP VALUE ETF | $348,661 | $625,769 |
| VANGUARD TOTAL STOCK MARKET ET | $1,001,734 | $1,422,691 |
| VANGUARD VALUE ETF | $2,060,500 | $3,644,958 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (19 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BLOOMBOARD, INC - SER A-2 PFD | $105,000 | $127,685 |
| CIRCUMVENTURE LEARNING CORP | $57,500 | $70,000 |
| EDSURGE SER A PFD | $50,000 | $65,256 |
| EMICS, INC. SERIES A PFD STOCK | $50,000 | $70,007 |
| FORUS, INC. PREFERRED STOCK | $25,000 | $42,275 |
| FRONT ROW EDUCATION, INC - COM | $32,541 | $25,666 |
| FRONT ROW EDUCATION, INC - SER | $17,459 | $49,999 |
| MODERN GUILD PFD STOCK | $25,000 | $25,000 |
| MYSTERY SCIENCE, INC PFD STOCK | $51,710 | $66,540 |
| OPMOSYS, INC PFD | $25,000 | $25,000 |
| PATHSOURCE, INC. PFD STOCK | $25,000 | $25,000 |
| RAISE LABS INC, SERIES A | $25,000 | $46,718 |
| REACH, L.P | $124,627 | $139,728 |
| SCHOOLMINT INC | $12,883 | $17,382 |
| SCHOOLMINT INC - SAFE | $25,000 | $25,000 |
| SCHOOLMINT INC PFD SER A | $38,649 | $51,531 |
| SONEN INV MGT PRIVATE ACCESS P | $61,269 | $67,116 |
| SWING EDUCATION, INC | $50,000 | $50,000 |
| WRITELAB, INC SER B PFD | $25,000 | $25,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $54,853 | $54,853 | |
| Computers/Electronic Devices | $64 | $64 | |
| Indemnification Insurance | $971 | $971 | |
| K-1 Exp Reach, L.P | $8,445 | $8,445 | |
| K-1 Exp SONEN INV MGT PRIVATE | $4,154 | $4,153 | |
| Payroll Processing Fees | $364 | $364 | |
| Postage/Delivery Service | $83 | $83 | |
| State or Local Filing Fees | $25 | $25 | |
| Temp Help | $10,367 | $10,367 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss Reach, L.P | $440 | $440 |
| K-1 Inc/Loss SONEN INV MGT PRIVATE ACCESS PLATFORM | -$36 | $430 |
| interest on loans receivable | $1,532 | $1,532 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (6 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|---|---|---|---|
| CAREER EAGLE INC | |||||||||
| $25,000 | $0 | 2012-08 | 2016-04 | PRINCIPAL AND INTEREST COMPOUNDED ANNUALLY | 8. | NONE | INVESTMENT | NONE NONE NONE NONE NONE NONE | $0 |
| CIQ LABS INC | |||||||||
| $50,000 | $50,000 | 2014-10 | 2016-12 | PRINCIPAL AND INTEREST | 2. | NONE | INVESTMENT | NONE NONE NONE NONE NONE NONE | $0 |
| CIRCUMVENTURE LEARNING INC | |||||||||
| $50,000 | $0 | 2014-03 | 2016-03 | PRINCIPAL AND INTEREST | 2. | NONE | INVESTMENT | NONE NONE NONE NONE NONE NONE | $0 |
| EMICS INC | |||||||||
| $50,000 | $0 | 2013-09 | 2016-06 | PRINCIPAL AND INTEREST | 5. | NONE | INVESTMENT | NONE NONE NONE NONE NONE NONE | $0 |
| SCHOOLMINT INC | |||||||||
| $50,000 | $0 | 2014-04 | 2016-04 | PRINCIPAL AND INTEREST | 2. | NONE | INVESTMENT | NONE NONE NONE NONE NONE NONE | $0 |
| TUVALABS LLC | |||||||||
| $30,000 | $30,000 | 2014-06 | 2016-12 | PRINCIPAL AND INTEREST COMPOUNDED ANNUALLY | 8. | NONE | INVESTMENT | NONE NONE NONE NONE NONE NONE | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EMPLOYEE RECRUIT/TEMP AGENCY | $14,667 | $14,667 |
| CONSULTING SERVICES | $1,500 | $1,500 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2016 | $3,300 |
| 990-PF Extension for 2015 | $8,301 |