INNOVATE FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- INNOVATE FAMILY FOUNDATION (EIN 27-3980665)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201613209349103901
- Schema version
- 2015v2.1
- 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
- Depreciation Schedule
- 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 | 2016-11-15T16:17:31-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | 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 | 2015-01-01 | 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 J RANZETTA | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2016-11-11 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | 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 | $12,515,430 | 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 | $984 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $984 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $241,731 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $241,731 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $481,989 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,170,907 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $481,989 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $170 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $243 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $724,874 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $724,947 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $103,333 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $103,333 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $9,966 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $9,966 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $2,400 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,400 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $305 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $305 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $4,003 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $30,126 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $30,126 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $5,414 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $5,414 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $73,646 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $10,017 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $63,581 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $229,193 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,017 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $215,125 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $997,021 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $997,021 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,226,214 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,017 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,212,146 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$501,340 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $714,930 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $203,574 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,094,532 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,094,532 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $262,500 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $380,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $262,500 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $262,500 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $9,011,237 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,418,445 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,411,149 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $230,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $547,994 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $747,249 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $9,824,811 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,323,471 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,515,430 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $9,824,811 | RetainedEarningBOYAmt |
| Retained Earning EOY | $9,323,471 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,824,811 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,323,471 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,824,811 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,323,471 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,824,811 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$501,340 | ExcessRevenueOverExpensesAmt |
| Subtotal | $9,323,471 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $9,323,471 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly-traded Securities | $2,170,907 | $1,688,896 | $482,011 | $482,011 |
| Passthrough K1 Capital Gain | -$22 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $481,989 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,004,170 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $13,371,896 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.075096 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $958,183 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $12,703,099 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.075429 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $413,841 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,791,323 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.035097 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $202,362 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,398,007 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.017754 | DistributionYr4Rt |
| Net Vl Noncharitable Assets Yr5 | $5,057,344 | NetVlNoncharitableAssetsYr5Amt |
| Total Distribution | 0.203376 | TotalDistributionRt |
| Average Distribution | 0.040675 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $12,971,711 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $527,624 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $7,149 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $534,773 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,212,146 | 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 | $7,149 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,149 | SubtotalAmt |
| Tax Based On Investment Income | $7,149 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,100 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $8,301 | AppliedToEsTaxAmt |
| Total Payments And Credits | $13,401 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $6,252 | OverpaymentAmt |
| Applied To ES Tax | $6,252 | 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 | 3.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| 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 | $103,333 | CompensationAmt |
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 | $53,275 | CompensationAmt |
| 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 | $11,966,538 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $298,029 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $904,683 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $13,169,250 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $13,169,250 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $197,539 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,971,711 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $648,586 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $648,586 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,149 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,149 | TotalTaxAmt |
| Distributable Before Adj | $641,437 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $641,437 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $641,437 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,212,146 | 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 | $1,212,146 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $7,149 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,204,997 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $641,437 | DistributableAsAdjustedAmt |
| Prior Year1 | 2013 | PriorYear1Yr |
| Prior Year2 | 2012 | PriorYear2Yr |
| Prior Year3 | 2011 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $104,852 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $104,852 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,212,146 | QualifyingDistributionsAmt |
| Applied To Current Year | $641,437 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $570,709 | RemainingDistriFromCorpusAmt |
| Total Corpus | $675,561 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $675,561 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $104,852 | ExcessFromYear1Amt |
| Excess From Current Year | $570,709 | 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 (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BASIC FUND | |||||||
| 1301 CLAY ST 70450 | OAKLAND | CA | 94612 | N/A | PC | 2012 and 2013 Basic Fund Program | $290,000 |
| BEYOND BARRIERS ATHLETIC FOUNDATION | |||||||
| 50 WOODSIDE PLZ STE 426 | REDWOOD CITY | CA | 94061 | N/A | PC | Belle Haven program in East Menlo Park | $40,000 |
| BOYS & GIRLS CLUB OF THE PENINSULA | |||||||
| 401 PIERCE RD | MENLO PARK | CA | 94025 | N/A | PC | General & Unrestricted | $10,000 |
| FRESH LIFELINES FOR YOUTH INC | |||||||
| 568 VALLEY WAY | MILPITAS | CA | 95035 | N/A | PC | Program expansion to San Francisco and Alameda County | $75,000 |
| GIRLS MIDDLE SCHOOL | |||||||
| 3400 W BAYSHORE RD | PALO ALTO | CA | 94303 | N/A | PC | Entrepreneurship showcase Program | $1,500 |
| IMPACTASSETS INC | |||||||
| 7315 WISCONSIN AVE STE 1100W | BETHESDA | MD | 20814 | N/A | PC | FARM Fund | $100,000 |
| KQED INC | |||||||
| 2601 MARIPOSA ST | SAN FRANCISCO | CA | 94110 | N/A | PC | General & Unrestricted | $10,000 |
| LEARN FRESH EDUCATION CO | |||||||
| 3300 WALNUT ST APT 211 | DENVER | CO | 80205 | N/A | PC | SF Bay Area Growth Initiative | $100,000 |
| MERITUS COLLEGE FUND | |||||||
| PO BOX 29024 | SAN FRANCISCO | CA | 94129 | N/A | PC | Internship development and stipends for non-profit internships Program | $85,000 |
| MERITUS COLLEGE FUND | |||||||
| PO BOX 29024 | SAN FRANCISCO | CA | 94129 | N/A | PC | To support five students in the Meritus program | $20,000 |
| MK LEVEL PLAYING FIELD INSTITUTE | |||||||
| 2148 BROADWAY | OAKLAND | CA | 94612 | N/A | PC | Stanford SMASH Program | $50,000 |
| PALO ALTO PARTNERS IN EDUCATION | |||||||
| PO BOX 1557 | PALO ALTO | CA | 94302 | N/A | PC | General & Unrestricted | $5,000 |
| RAVENSWOOD EDUCATION FOUNDATION | |||||||
| PO BOX 396 | MENLO PARK | CA | 94026 | N/A | PC | General & Unrestricted | $25,000 |
| RAVENSWOOD EDUCATION FOUNDATION | |||||||
| PO BOX 396 | MENLO PARK | CA | 94026 | N/A | PC | Charitable Event | $2,500 |
| SAMASOURCE INC | |||||||
| 2017 MISSION ST STE 301 | SAN FRANCISCO | CA | 94110 | N/A | PC | SamaSchools Division | $5,000 |
| SCHOLARMATCH INC | |||||||
| 849 VALENCIA ST | SAN FRANCISCO | CA | 94110 | N/A | PC | General & Unrestricted | $50,000 |
| SECOND HARVEST FOOD BANK OF SANTA CLARA AND SAN MA | |||||||
| 750 CURTNER AVE | SAN JOSE | CA | 95125 | N/A | PC | General & Unrestricted | $5,000 |
| WISHBONEORG | |||||||
| 850 MONTGOMERY ST STE 3 | SAN FRANCISCO | CA | 94133 | N/A | PC | General & Unrestricted | $50,000 |
| YEAR UP INC - BAY AREA CHAPTER | |||||||
| 80 SUTTER ST | SAN FRANCISCO | CA | 94104 | N/A | PC | Silicon Valley Campus Program | $50,000 |
| Center for Financial Capability Inc | |||||||
| PO Box 218 | Palo Alto | CA | 94302 | N/A | PC | General & Unrestricted | $23,021 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $997,021 | 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 | $984 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $241,731 | 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 | $481,989 | 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 (3 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | -$186 | 14 | -$1,467 |
| Federal Tax Refund | 01 | $113 | ||
| INTEREST INCOME FROM NOTES RECEIVABLE | 01 | $1,710 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$186 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $725,060 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $724,874 | 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 |
Depreciation Schedule DepreciationSchedule
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 | $279,161 |
| VANGUARD FTSE ALL-WORLD EX-US | $1,501,600 | $1,445,727 |
| VANGUARD FTSE EMERGING MARKETS | $235,955 | $166,920 |
| VANGUARD GROWTH ETF | $1,606,542 | $2,910,496 |
| VANGUARD SMALL-CAP GROWTH ETF | $274,132 | $420,338 |
| VANGUARD SMALL-CAP VALUE ETF | $348,661 | $510,803 |
| VANGUARD TOTAL STOCK MARKET ET | $1,001,734 | $1,286,739 |
| VANGUARD VALUE ETF | $2,159,085 | $3,390,965 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BLOOMBOARD, INC - SER A-2 PFD | $104,999 | $165,086 |
| EDSURGE SER A PFD | $50,000 | $65,256 |
| FORUS, INC. PREFERRED STOCK | $25,000 | $42,275 |
| FRONT ROW EDUCATION, INC - COM | $32,541 | $93,192 |
| FRONT ROW EDUCATION, INC - SER | $17,459 | $49,999 |
| GRATITUDE INVESTMENTS, INC | $25,000 | $25,000 |
| INVESTOR RIGHTS IN PREFERRED S | $25,000 | $25,000 |
| MODERN GUILD PFD STOCK | $25,000 | $25,000 |
| MYSTERY SCIENCE, INC PFD STOCK | $51,710 | $66,540 |
| OPMOSYS, INC PFD | $25,000 | $25,000 |
| RAISE LABS INC, SERIES A | $25,000 | $25,607 |
| REACH, L.P | $70,133 | $69,131 |
| SONEN INV MGT PRIVATE ACCESS P | $46,152 | $45,163 |
| WRITELAB, INC SER B PFD | $25,000 | $25,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $53,275 | $53,275 | |
| Foundation Dues & Memberships | $2,400 | $2,400 | |
| Indemnification Insurance | $966 | $966 | |
| K-1 Exp Reach, L.P | $5,070 | $5,022 | |
| K-1 Exp SONEN INV MGT PRIVATE | $4,995 | $4,995 | |
| Office Supplies | $5,330 | $5,330 | |
| Payroll Processing Fees | $232 | $232 | |
| Postage/Delivery Service | $179 | $179 | |
| State or Local Filing Fees | $25 | $25 | |
| Website Hosting/Support | $1,174 | $1,174 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss Reach, L.P | $203 | $189 |
| K-1 Inc/Loss SONEN INV MGT PRIVATE ACCESS PLATFORM | -$1,856 | -$1,656 |
| Federal Tax Refund | $113 | |
| Interest Income from Notes Receivable | $1,710 | $1,710 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (10 entries)
| Insider RelationshipInsiderRelationshipTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| CAREER EAGLE INC | ||||||||||
| NONE | $25,000 | $25,000 | 2012-08 | 2016-04 | PRINCIPAL AND INTEREST COMPOUNDED ANNUALLY | 8. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| CIQ LABS INC | ||||||||||
| NONE | $50,000 | $50,000 | 2014-10 | 2015-12 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| CIRCUMVENTURE LEARNING INC | ||||||||||
| NONE | $50,000 | $57,500 | 2014-03 | 2016-03 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| EMICS INC | ||||||||||
| NONE | $50,000 | $50,000 | 2013-09 | 2016-06 | PRINCIPAL AND INTEREST | 5. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| FRONT ROW EDUCATION INC | ||||||||||
| NONE | $50,000 | $0 | 2014-04 | 2016-04 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| LIMELIGHT CORP (2014) | ||||||||||
| NONE | $25,000 | $0 | 2014-06 | 2015-06 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| LIMELIGHT CORP (2012) | ||||||||||
| NONE | $25,000 | $0 | 2012-11 | 2015-05 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| RAISE LABS INC | ||||||||||
| NONE | $25,000 | $0 | 2013-11 | 2015-02 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| SCHOOLMINT INC | ||||||||||
| NONE | $50,000 | $50,000 | 2014-04 | 2016-04 | PRINCIPAL AND INTEREST | 2. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
| TUVALABS LLC | ||||||||||
| NONE | $30,000 | $30,000 | 2014-06 | 2015-12 | PRINCIPAL AND INTEREST COMPOUNDED ANNUALLY | 8. | NONE | NONE | NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Philanthropic Consulting Srvcs | CategoryTxt |
| Amt | $2,400 | Amt |
| Disbursements Charitable Prps | $2,400 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2015 | $2,600 |
| 990-PF Extension for 2014 | $1,403 |