GREER-SOLIEN FUND: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GREER-SOLIEN FUND (EIN 27-3143566)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202543219349107504
- Schema version
- 2024v5.2
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T16:10:43-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273143566 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The GreerSolien Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | GREE | 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 | STEPHANIE SOLIEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2025-11-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $800,750 | 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 | $200,145 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,465 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,465 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $12,955 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,955 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$712 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $220,618 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $183,814 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $11,183 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $11,183 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $11,183 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $225,036 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $209,417 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $11,183 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Taxes Rev And Expnss | $700 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $10,914 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $10,914 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $11,614 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,914 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $251,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $226,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $263,114 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $237,414 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$38,078 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $209,417 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $11,183 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $142,953 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $151,059 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $151,059 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $342,464 | CorporateStockBOYAmt |
| Corporate Stock EOY | $321,280 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $311,096 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $400,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $338,595 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $338,595 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $885,417 | TotalAssetsBOYAmt |
| Total Assets EOY | $810,934 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $800,750 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $885,417 | RetainedEarningBOYAmt |
| Retained Earning EOY | $810,934 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $885,417 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $810,934 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $885,417 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $810,934 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $885,417 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$38,078 | ExcessRevenueOverExpensesAmt |
| Subtotal | $847,339 | SubtotalAmt |
| Other Decreases | $36,405 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $810,934 | 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 |
| Gross Sales Price | $220,618 | GrossSalesPriceAmt |
| Cost Or Other Basis | $36,804 | CostOrOtherBasisAmt |
| Gain Or Loss | $183,814 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $183,814 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $183,814 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,911 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,911 | SubtotalAmt |
| Tax Based On Investment Income | $2,911 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $3,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $3,059 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $148 | OverpaymentAmt |
| Applied To ES Tax | $148 | 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 | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Frank Greer | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Stephanie Solien | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Sec | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $309,794 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $93,457 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $403,251 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $403,251 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,049 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $397,202 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $19,860 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $19,860 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,911 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,911 | TotalTaxAmt |
| Distributable Before Adj | $16,949 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $4,815 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $21,764 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $21,764 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $237,414 | 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 | $237,414 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $21,764 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $224,618 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $126,444 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $414,072 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $372,982 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $227,621 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,365,737 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $237,414 | QualifyingDistributionsAmt |
| Applied To Current Year | $21,764 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $215,650 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,581,387 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $200,145 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $24,473 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,356,769 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $126,444 | ExcessFromYear4Amt |
| Excess From Year3 | $414,072 | ExcessFromYear3Amt |
| Excess From Year2 | $372,982 | ExcessFromYear2Amt |
| Excess From Year1 | $227,621 | ExcessFromYear1Amt |
| Excess From Current Year | $215,650 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Frank Greer | ContributingManagerNm |
| Contributing Manager | Stephanie Solien | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AAPC FOUNDATION | |||||||
| 1750 TYSONS BLVD STE 1500 | MCLEAN | VA | 22102 | N/A | SO II | Lake/Divall fellowship scholarship fund | $5,000 |
| BACKPACK BRIGADE | |||||||
| 4111 E MADISON ST | SEATTLE | WA | 98112 | N/A | PC | General & Unrestricted | $1,000 |
| CLASSICAL 98 1 | |||||||
| 363 MERCER ST STE 200 | SEATTLE | WA | 98109 | N/A | PC | General & Unrestricted | $500 |
| CLIMATE SOLUTIONS | |||||||
| 1402 THIRD AVE SUITE 1200 | SEATTLE | WA | 98101 | N/A | PC | General & Unrestricted | $2,500 |
| FOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND A | |||||||
| 516 HIGH ST MS 9034 | BELLINGHAM | WA | 98225 | N/A | PC | Endowment to create communications internship for the Salish sea institute | $150,000 |
| FRACTURED ATLAS PRODUCTIONS INC | |||||||
| PO BOX 55 | HARTSDALE | NY | 10530 | N/A | PC | The Hearth support fund | $5,000 |
| FRIENDS OF THE OLGA STORE BUILDING | |||||||
| PO BOX 21 | OLGA | WA | 98279 | N/A | PC | General & Unrestricted | $25,000 |
| FRIENDS OF THE SAN JUANS | |||||||
| PO BOX 1344 | FRIDAY HARBOR | WA | 98250 | N/A | PC | General & Unrestricted | $5,000 |
| FUSE INNOVATION FUND | |||||||
| PO BOX 4897 | SEATTLE | WA | 98194 | N/A | PC | General & Unrestricted | $5,000 |
| HEALING ARTS CENTER | |||||||
| PO BOX 304 | EASTSOUND | WA | 98245 | N/A | PC | General & Unrestricted | $1,000 |
| HOPELINK | |||||||
| 8990 154TH AVE NE | REDMOND | WA | 98052 | N/A | PC | General & Unrestricted | $2,500 |
| KRUGER SAILING CREATIVE | |||||||
| PO BOX 485 | EASTSOUND | WA | 98245 | N/A | PC | Team Juvenile Delinquents, R2AK 2024 fund | $1,000 |
| L Collins | |||||||
| 8317 S 19th Street | Tacoma | WA | 98466 | NONE | I | Hardship Assistance Grant | $6,500 |
| NEO PHILANTHROPY INC | |||||||
| 1001 AVE OF THE AMERICAS 12TH FL | NEW YORK | NY | 10018 | N/A | PC | general operations of CERD Project | $1,000 |
| OCEANS INITIATIVE | |||||||
| 117 E LOUISA ST 135 | SEATTLE | WA | 98102 | N/A | PC | General & Unrestricted | $5,000 |
| OPAL COMMUNITY LAND TRUST | |||||||
| PO BOX 1133 | EASTSOUND | WA | 98245 | N/A | PC | General & Unrestricted | $2,500 |
| ORCAS ANIMAL PROTECTION SOCIETY | |||||||
| 84A HOPE LN | EASTSOUND | WA | 98245 | N/A | PC | General & Unrestricted | $500 |
| ORCAS FAMILY CONNECTIONS | |||||||
| 374 N BEACH RD | EASTSOUND | WA | 98245 | N/A | PC | General & Unrestricted | $5,000 |
| ORCAS ISLAND COMMUNITY FOUNDATION | |||||||
| PO BOX 1496 | EASTSOUND | WA | 98245 | N/A | PC | Community Cornerstone program | $2,500 |
| ORCAS ISLAND COMMUNITY FOUNDATION | |||||||
| PO BOX 1496 | EASTSOUND | WA | 98245 | N/A | PC | LYFT fund | $1,000 |
| ORCAS ISLAND FOOD BANK | |||||||
| PO BOX 424 | EASTSOUND | WA | 98245 | N/A | PC | General & Unrestricted | $1,000 |
| QUEEN ANNE HELPLINE INC | |||||||
| 311 W MCGRAW ST | SEATTLE | WA | 98119 | N/A | PC | General & Unrestricted | $1,000 |
| SAN JUAN PRESERVATION TRUST | |||||||
| 468 ARGYLE AVE STE B | FRIDAY HARBOR | WA | 98250 | N/A | PC | General & Unrestricted | $1,500 |
| SAVING GREAT ANIMALS | |||||||
| 18451 SE 135TH ST | RENTON | WA | 98059 | N/A | PC | General & Unrestricted | $1,000 |
| SIGHTLINE INSTITUTE | |||||||
| 92 LENORA ST PB 189 | SEATTLE | WA | 98121 | N/A | PC | General & Unrestricted | $1,000 |
| TOWN HALL ASSOCIATION | |||||||
| 720 SENECA ST STE A | SEATTLE | WA | 98101 | N/A | PC | General & Unrestricted | $3,000 |
| UC DAVIS FOUNDATION | |||||||
| ONE SHIELDS AVE | DAVIS | CA | 95616 | N/A | PC | SeaDoc Society fund | $5,000 |
| UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED | |||||||
| TWO WOODWARD CTR 700 LOMAS BLVD NE | ALBUQUERQUE | NM | 87102 | N/A | PC | Endowed Fred Harris congressional internship program scholarship fund | $5,000 |
| WASHINGTON CONSERVATION ACTION EDUCATION FUND | |||||||
| 1417 4TH AVE STE 800 | SEATTLE | WA | 98101 | N/A | PC | General & Unrestricted | $5,000 |
| WOLF HOLLOW WILDLIFE REHABILITATION CENTER | |||||||
| PO BOX 391 | FRIDAY HARBOR | WA | 98250 | N/A | PC | General & Unrestricted | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $251,500 | 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 | $1,465 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,955 | 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 Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$712 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST INCOME FROM PRI | Desc |
| Related Or Exempt Function Incm | $11,183 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $13,708 | ExclusionAmt |
| Related Or Exempt Function Incm | $11,183 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $24,891 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | interest income from program related investments, Opal community land trust, opal community land trust (2%) and friends of the olga store building, provide access to affordable housing in the orcas island community. | RelationshipStatementTxt |
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 | Frank Greer | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 571 Buoy Bay Road | AddressLine1Txt |
| City | Olga | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98279 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $200,145 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | ALPHABET INC CL C GOOG, 225 sh. | $39,220 | 2024-11-15 |
| 1 | AMERICAN EXPRESS CO AXP, 70 sh. | $20,161 | 2024-11-15 |
| 1 | APPLE INC AAPL, 175 sh. | $39,479 | 2024-11-15 |
| 1 | JP MORGAN CHASE JPM, 125 sh. | $30,493 | 2024-11-15 |
| 1 | MICROSOFT CORP MSFT, 95 sh. | $39,731 | 2024-11-15 |
| 1 | TESLA MOTORS INC TSLA, 98 sh. | $31,061 | 2024-11-15 |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| FORM 990-PF, PARTS I AND XIV: | FORM 990-PF, PARTS I AND XIV: | TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $251,500 Less PRI forgiveness amount not treated as qualifying distribution: $25,000 TOTAL Part I, Line 25, Column (d): $226,500 |
| Form 990-PF, Part XII, Line 7 | Form 990-PF, Part XII, Line 7 | Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), The Greer/Solien Fund hereby elects to treat, as a current distribution out of corpus, the following unused prior year's distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax year: Tax Year: [2019] Amount: $200,145 By: STEPHANIE SOLIEN Title: PRESIDENT Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The Greer/Solien Fund (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of publicly traded securities with a value of $200,145 received in the taxable year ending December 31, 2024 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2023. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2024. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2025, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $200,145. As reported on Part XII, Line 7, the Foundation is treating $200,145 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $200,145, of its unused prior years' corpus distributions, as a current distribution out of corpus. |
| Form 990-PF, Part XII | Part XII (990-PF) | The amounts of the excess grants carryover shown in Part XII, Line 3, in respect of the taxable years comprising the "adjustment period", as such term is defined in IRC Section 4942(i)(2), have been corrected in lieu of filing amended returns for such years. The Foundation would not have been subject to any penalties under IRC Section 4942 if the original returns filed for the taxable years comprising the adjustment period had reflected the corrected excess grants carryover amounts. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| T. ROWE PRICE SHORT TERM BOND | $78,816 | $75,063 |
| VANGUARD SHORT-TERM CORPORATE | $242,464 | $236,033 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $251,500. This amount represents 25% or more of the Foundation's net assets of $871,565 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PRI - FRIENDS OF THE OLGA STOR | $138,595 | $138,595 |
| PRI - OPAL COMMUNITY LAND TRUS | $100,000 | $100,000 |
| PRI - OPAL COMMUNITY LAND TRUS | $100,000 | $100,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD PRI PRINCIPAL PAYMENTS | Desc |
| Amt | $36,405 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $10,889 | $10,889 |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest Income from PRI | Desc |
| Revenue And Expenses Per Books | $11,183 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $11,183 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $11,183 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-PF Extension for 2023 | CategoryTxt |
| Amt | $700 | Amt |