The ABE Charitable Foundation Inc: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- The ABE Charitable Foundation Inc (EIN 20-1650254)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-09-14
- IRS object ID
- 201642589349100709
- 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
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-09-14T13:31:51-05:00 | 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 | 201650254 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The ABE Charitable Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | ABEC | 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 | GUNNAR TELTON | PersonNm |
| Person Title | VICE PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2016-08-30 | 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 | $409,067 | 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 | $84 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $84 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $6,390 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,390 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $29,820 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $243,922 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $29,820 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $22,783 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $16,577 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $59,077 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $52,871 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $1,951 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,951 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $200 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $18,607 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $10,277 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,330 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $20,758 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $12,228 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,330 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $231,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $231,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $252,258 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $12,228 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $239,830 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$193,181 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $40,643 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $36,585 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $35,279 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $35,279 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $391,443 | CorporateStockBOYAmt |
| Corporate Stock EOY | $205,840 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $223,408 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $146,519 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $140,247 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $150,380 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $574,547 | TotalAssetsBOYAmt |
| Total Assets EOY | $381,366 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $409,067 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $574,547 | RetainedEarningBOYAmt |
| Retained Earning EOY | $381,366 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $574,547 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $381,366 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $574,547 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $381,366 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $574,547 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$193,181 | ExcessRevenueOverExpensesAmt |
| Subtotal | $381,366 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $381,366 | 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 | $243,922 | $213,860 | $30,062 | $30,062 |
| Passthrough K1 Capital Gain | $0 | $0 | -$242 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $29,820 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $338,983 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $762,493 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.444572 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $356,554 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $986,431 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.361459 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $248,384 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $743,055 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.334274 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $315,086 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $924,457 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.340834 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $237,609 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,134,242 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.209487 | DistributionYr5Rt |
| Total Distribution | 1.690626 | TotalDistributionRt |
| Average Distribution | 0.338125 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $524,787 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $177,444 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $406 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $177,850 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $239,830 | 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 | $406 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $406 | SubtotalAmt |
| Tax Based On Investment Income | $406 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $700 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $203 | AppliedToEsTaxAmt |
| Total Payments And Credits | $903 | TotalPaymentsAndCreditsAmt |
| Overpayment | $497 | OverpaymentAmt |
| Applied To ES Tax | $497 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 |
| Org Report Or Register State | TX | 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| Amanda Serra | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 0 | $0 | $0 | $0 |
| Benjamin Serra | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 0 | $0 | $0 | $0 |
| Deanna L Serra | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres / Dir / Sec | 1.0 | $0 | $0 | $0 |
| Jeffrey Serra | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP / Dir | 1.0 | $0 | $0 | $0 |
| Gunnar Teltow | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | VP | 1.0 | $0 | $0 | $0 |
| Michael Worden | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 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 | $342,614 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $39,785 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $150,380 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $532,779 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $532,779 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $7,992 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $524,787 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $26,239 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $26,239 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $406 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $414 | IncomeTaxAmt |
| Total Tax | $820 | TotalTaxAmt |
| Distributable Before Adj | $25,419 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $25,419 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $25,419 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $239,830 | 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 | $239,830 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $406 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $239,424 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $25,419 | DistributableAsAdjustedAmt |
| Prior Year1 | 2013 | PriorYear1Yr |
| Prior Year2 | 2012 | PriorYear2Yr |
| Prior Year3 | 2011 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $181,966 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $270,113 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $214,304 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $309,258 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $302,292 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,277,933 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $239,830 | QualifyingDistributionsAmt |
| Applied To Current Year | $25,419 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $214,411 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,492,344 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $181,966 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,310,378 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $270,113 | ExcessFromYear4Amt |
| Excess From Year3 | $214,304 | ExcessFromYear3Amt |
| Excess From Year2 | $309,258 | ExcessFromYear2Amt |
| Excess From Year1 | $302,292 | ExcessFromYear1Amt |
| Excess From Current Year | $214,411 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Deanna L Serra | ContributingManagerNm |
| Contributing Manager | Jeffrey Serra | 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 |
|---|---|---|---|---|---|---|---|
| AFP FOUNDATION FOR PHILANTHROPY | |||||||
| 4300 WILSON BLVD | ARLINGTON | VA | 22203 | N/A | PC | General & Unrestricted | $1,000 |
| AUSTIN AREA ART FROM THE STREETS | |||||||
| PO BOX 12473 | AUSTIN | TX | 78711 | N/A | PC | General & Unrestricted | $1,000 |
| AUSTIN COMMUNITY FOUNDATION FOR THE CAPITAL AREA | |||||||
| 4315 GUADALUPE ST STE 300 | AUSTIN | TX | 78751 | N/A | PC | STARS at the Trail of Lights Program | $5,000 |
| AUSTIN COMMUNITY FOUNDATION FOR THE CAPITAL AREA | |||||||
| 4315 GUADALUPE ST STE 300 | AUSTIN | TX | 78751 | N/A | PC | Charitable Event | $10,000 |
| AVANCE INC | |||||||
| 745 MANSELL AVE | AUSTIN | TX | 78702 | N/A | PC | Crutchfield Matching Gift Initiative | $5,000 |
| BIG MEDIUM | |||||||
| 5305 BOLM RD STE 12 | AUSTIN | TX | 78721 | N/A | PC | Shrine of Inevitable Forces Project | $1,000 |
| BOY SCOUTS OF AMERICA | |||||||
| 7540 ED BLUESTEIN BLVD | AUSTIN | TX | 78723 | N/A | PC | General & Unrestricted | $2,500 |
| GIRL SCOUTS OF CENTRAL TEXAS INC | |||||||
| 12012 PARK THIRTY FIVE CIR | AUSTIN | TX | 78753 | N/A | PC | General & Unrestricted | $5,000 |
| GREATER AUSTIN PERFORMING ARTS CENTER | |||||||
| 701 W RIVERSIDE DR | AUSTIN | TX | 78704 | N/A | PC | General & Unrestricted | $32,500 |
| KATHY DUNN HAMRICK DANCE COMPANY | |||||||
| 4703 FIELDSTONE DR | AUSTIN | TX | 78735 | N/A | PC | Austin Dance Festival Fund | $2,500 |
| MOBILE LOAVES & FISHES INC | |||||||
| 903 S CAPITAL OF TEXAS HWY | AUSTIN | TX | 78746 | N/A | PC | General & Unrestricted | $3,000 |
| MOBILE LOAVES & FISHES INC | |||||||
| 903 S CAPITAL OF TEXAS HWY | AUSTIN | TX | 78746 | N/A | PC | Art Program | $1,500 |
| NATIONAL ALLIANCE FOR MUSICAL THEATRE INC | |||||||
| 520 8TH AVE 3RD FL STE 301 | NEW YORK | NY | 10018 | N/A | PC | General & Unrestricted | $2,000 |
| SHARE ART HEAL | |||||||
| 3130 HONEY TREE LN | AUSTIN | TX | 78746 | N/A | PC | General & Unrestricted | $2,000 |
| ST MARYS UNIVERSITY OF SAN ANTONIO | |||||||
| 1 CAMINO SANTA MARIA ST | SAN ANTONIO | TX | 78228 | N/A | PC | San Juan Diego student Fund | $500 |
| THE LEGACY FOUNDATION AT SHELL POINT INC | |||||||
| 15010 SHELL POINT BLVD | FORT MYERS | FL | 33908 | N/A | PC | Butterfly Garden Fountain | $3,500 |
| THE LEGACY FOUNDATION AT SHELL POINT INC | |||||||
| 15010 SHELL POINT BLVD | FORT MYERS | FL | 33908 | N/A | PC | Honoring Veterans in the name of Colonel Robert Serra | $5,000 |
| WONDERS & WORRIES INC | |||||||
| 9101 BURNET RD STE 107 | AUSTIN | TX | 78758 | N/A | PC | General & Unrestricted | $1,000 |
| ZACHARY SCOTT THEATER CENTER | |||||||
| 1510 TOOMEY RD | AUSTIN | TX | 78704 | N/A | PC | General & Unrestricted | $145,000 |
| ZACHARY SCOTT THEATER CENTER | |||||||
| 1510 TOOMEY RD | AUSTIN | TX | 78704 | N/A | PC | Professional Theatre for Families and Children | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $231,500 | 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 | $84 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,390 | 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 | $29,820 | 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 | $4,068 | 14 | $16,577 |
| Federal Tax Refund | 01 | $2,138 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $4,068 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $55,009 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $59,077 | 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 (14 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BLACKROCK GLOBAL LONG/SHORT CR | $3,264 | $2,988 |
| BLACKROCK STRAT INC OPP - INS | $6,336 | $6,111 |
| EATON VANCE STRUCTURED EMERGIN | $5,414 | $4,418 |
| FEDERATED ULTRA SHORT BOND FUN | $24,655 | $24,283 |
| ISHARES TR S & P MIDCAP 400 IN | $13,652 | $16,022 |
| JP MORGAN STRATEGIC INCOME OPP | $6,445 | $6,098 |
| KINETICS MUT FDS THE PARADIGM | $11,884 | $15,172 |
| LOOMIS SAYLES FDS GWTH FD CL Y | $23,534 | $32,630 |
| MFS RESEARCH INTERNATIONAL FUN | $25,131 | $24,390 |
| MFS VALUE I | $27,650 | $29,788 |
| SPDR S&P 500 ETF TRUST | $27,034 | $32,619 |
| TEMPLETON GLOBAL TOTAL RETURN | $3,505 | $3,064 |
| THIRD AVENUE FOCUSED CREDIT FU | $2,457 | $1,317 |
| VANGUARD ST BOND ETF | $24,879 | $24,508 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OVATION ALTERNATIVE INCOME FUN | CategoryOrItemTxt |
| Book Value | $140,247 | BookValueAmt |
| EOYFMV | $150,380 | EOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 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, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $231,500. This amount represents over 25% of the Foundation's net assets of $625,824 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. 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 XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $8,305 | $8,305 | |
| Bank Charges | $90 | $90 | |
| K-1 Exp OVATION ALTERNATIVE IN | $10,187 | $10,187 | |
| State or Local Filing Fees | $25 | $25 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| K-1 Inc/Loss OVATION ALTERNATIVE INCOME FUND LP | $20,645 | $16,577 |
| Federal Tax Refund | $2,138 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $1,951 | Amt |
| Net Investment Income | $1,951 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-T EXTENSION FOR 2014 | CategoryTxt |
| Amt | $200 | Amt |