HERBST FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- HERBST FAMILY FOUNDATION (EIN 36-4333045)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-08-09
- IRS object ID
- 201642229349100414
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-08-09T11:34:13-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 860683059 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEACHFLEISCHMAN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1985 EAST RIVER ROAD SUITE 201 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85718 | 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 | 364333045 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERBST FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HERB | BusinessNameControlTxt |
| Phone | 3123165085 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1040 N LAKE SHORE DRIVE NO 5C | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR ARTHUR L HERBST | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3123165085 | PhoneNum |
| Signature | 2016-07-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KELLY L MELTZER CPA | PreparerPersonNm |
| PTIN | P00633511 | PTIN |
| Phone | 5203214600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-12-15 16:53:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,341,714 | 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 | $40,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $17,284 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $17,284 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $8,454 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $629,822 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $8,454 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $41,827 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $41,680 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $107,565 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $67,418 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,770 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,385 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,385 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,562 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,562 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,116 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $46 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,154 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,311 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $843 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $10,602 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,304 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,228 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $65,425 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $65,425 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $76,027 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,304 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $67,653 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $31,538 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $62,114 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $312,430 | CashBOYAmt |
| Cash EOY | $177,767 | CashEOYAmt |
| Cash EOYFMV | $177,767 | CashEOYFMVAmt |
| Corporate Stock BOY | $429,198 | CorporateStockBOYAmt |
| Corporate Stock EOY | $817,738 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,049,878 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $172,874 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $32,637 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $65,583 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $48,486 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $48,486 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $914,502 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,076,628 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,341,714 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,222 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $88,291 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,222 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $88,291 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $913,280 | RetainedEarningBOYAmt |
| Retained Earning EOY | $988,337 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $913,280 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $988,337 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $914,502 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,076,628 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $913,280 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $31,538 | ExcessRevenueOverExpensesAmt |
| Other Increases | $47,359 | OtherIncreasesAmt |
| Subtotal | $992,177 | SubtotalAmt |
| Other Decreases | $3,840 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $988,337 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| 1,500 SHS BLACKSTONE GROUP LP | P | $51,674 | $56,727 | -$5,053 | -$5,053 |
| 11,117 SHS ELLINGTON FINANCIAL LLC | P | $210,847 | $217,132 | -$6,285 | -$6,285 |
| 3,000 SHS ELLINGTON FINANCIAL LLC | P | $56,752 | $56,719 | $33 | $33 |
| PUBLICLY TRADED SECURITIES | $310,549 | $290,790 | $19,759 | $19,759 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $8,454 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $49,741 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,287,191 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.038643 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $63,546 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,186,464 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.053559 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $63,012 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,098,856 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.057343 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $60,853 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,214,399 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.050110 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $61,365 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,185,619 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.051758 | DistributionYr5Rt |
| Total Distribution | 0.251413 | TotalDistributionRt |
| Average Distribution | 0.050283 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,322,554 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $66,502 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $621 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $67,123 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $67,653 | 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 | $621 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $621 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $621 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $476 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $2,400 | AppliedToEsTaxAmt |
| Total Payments And Credits | $2,876 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,255 | OverpaymentAmt |
| Applied To ES Tax | $2,255 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DR ARTHUR L HERBST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3123165085 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1040 N LAKE SHORE DRIVE NO 5C | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | Yes (1) | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | Yes (1) | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DR ARTHUR L HERBST | ||||||||
| 4451 N CAMINO SUMO | TUCSON | AZ | 85718 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| LEE G HERBST | ||||||||
| 4451 N CAMINO SUMO | TUCSON | AZ | 85718 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| ARTHUR L HERBST JR | ||||||||
| 1816 N LINCOLN PARK W | CHICAGO | IL | 60614 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $982,275 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $256,404 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $104,015 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,342,694 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,342,694 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,140 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,322,554 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $66,128 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $66,128 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $621 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $621 | TotalTaxAmt |
| Distributable Before Adj | $65,507 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $65,507 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $65,507 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $67,653 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $67,653 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $621 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $67,032 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $65,507 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $1,196 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,993 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $6,189 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $67,653 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $65,507 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,146 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $8,335 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,335 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $1,196 | ExcessFromYear3Amt |
| Excess From Year2 | $4,993 | ExcessFromYear2Amt |
| Excess From Current Year | $2,146 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DR ARTHUR L HERBST | 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 |
|---|---|---|---|---|---|---|---|
| AMERICAN HUMANIST ASSOCIATION | |||||||
| 1777 T STREET NW | WASHINGTON | DC | 20009 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| AMERICANS UNITED FOR SEPARATION OF CHURCH & STATE | |||||||
| 1901 L ST NW STE 400 | WASHINGTON | DC | 20038 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $100 |
| ARIZONA LAND AND WATER TRUST | |||||||
| 3127 N CHERRY AVENUE | TUCSON | AZ | 85719 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $200 |
| ARIZONA PUBLIC MEDIA | |||||||
| PO BOX 210067 | TUCSON | AZ | 85721 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $500 |
| ARIZONA THEATRE COMPANY | |||||||
| 343 S SCOTT AVENUE | TUCSON | AZ | 85701 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| BERKSHIRE FARM CENTER AND SERVICES FOR YOUTH | |||||||
| 13640 STATE RT 22 | CANAAN | NY | 12029 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $1,500 |
| CHAPIN SCHOOL | |||||||
| 100 E END AVENUE | NEW YORK | NY | 10028 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $1,500 |
| CHICAGO FOUNDATION FOR EDUCATION | |||||||
| 1 N LASALLE STREET 1675 | CHICAGO | IL | 60602 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $225 |
| CHICAGO HUMANITIES FESTIVAL | |||||||
| 500 N DEARBORN | CHICAGO | IL | 60654 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| CHICAGO SYMPHONY ORCHESTRA | |||||||
| 220 S MICHIGAN AVENUE | CHICAGO | IL | 60604 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $3,500 |
| COLLEGIATE SCHOOL | |||||||
| 260 W 78TH STREET | NEW YORK | NY | 10024 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $1,500 |
| COMPASSION AND CHOICES | |||||||
| 4155 E JEWELL AVENUE STE 200 | DENVER | CO | 80222 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| DOCTORS WITHOUT BORDERS | |||||||
| 333 7TH AVENUE | NEW YORK | NY | 10001 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $200 |
| EXPERIMENT IN INTERNATIONAL LIVING | |||||||
| 1 KIPLING ROAD | BRATTLEBORO | VT | 05302 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| INTERNATIONAL WOMEN'S ASSOCIATION | |||||||
| 307 N MICHIGAN AVENUE 1800 | CHICAGO | IL | 60601 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| INVISIBLE THEATRE | |||||||
| 1400 N FIRST AVENUE | TUCSON | AZ | 85719 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| JEWISH FEDERATION OF SOUTHERN ARIZONA | |||||||
| 4822 E RIVER ROAD | TUCSON | AZ | 85718 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| LYRIC OPERA OF CHICAGO | |||||||
| 20 N WACKER DRIVE | CHICAGO | IL | 60606 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $3,500 |
| NATIONAL ACADEMY OF MEDICINE | |||||||
| 500 FIFTH STREET NW | WASHINGTON | DC | 20001 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $500 |
| PLANNED PARENTHOOD | |||||||
| 434 W 33RD STREET | NEW YORK | NY | 10001 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $250 |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE | |||||||
| 124 MOUNT AUBURN STREET | CAMBRIDGE | MA | 02135 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $15,000 |
| SHADY HILL SCHOOL | |||||||
| 178 COOLIDGE HILL | CAMBRIDGE | MA | 02138 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $200 |
| SOUTHERN POVERTY LAW CENTER | |||||||
| 400 WASHINGTON AVE | MONTGOMERY | AL | 36104 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $300 |
| TEN CHIMNEYS FOUNDATION | |||||||
| PO BOX 225 | GENESEE DEPOT | WI | 53127 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $450 |
| TUCSON SYMPHONY ORCHESTRA | |||||||
| 2175 N SIXTH AVENUE | TUCSON | AZ | 85705 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $3,500 |
| U OF A FOUNDATION | |||||||
| PO BOX 210109 | TUCSON | AZ | 85721 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $21,950 |
| UNIVERSITY OF CHICAGO | |||||||
| 5235 S HARPER COURT STE 450 | CHICAGO | IL | 60615 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $7,650 |
| US FUND FOR UNICEF | |||||||
| 125 MAIDEN LANE | NEW YORK | NY | 10038 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $200 |
| WBEZ PUBLIC RADIO | |||||||
| 848 E GRAND AVENUE | CHICAGO | IL | 60611 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $200 |
| WTTWWFMT | |||||||
| 5400 N ST LOUIS AVENUE | CHICAGO | IL | 60625 | UNRELATED | PUBLIC | PROGRAM SUPPORT | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $65,425 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $17,284 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $147 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,680 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $8,454 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $147 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $67,418 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $67,565 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | 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 | ARTHUR AND LEE HERBST | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4451 N CAMINO SUMO | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85718 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $40,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $2,770 | Amt |
| Net Investment Income | $1,385 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,385 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (29 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| VANGUARD DIVIDEND APPRECIATION ETF | $61,643 | $69,984 |
| VANGUARD EXTENDED MARKET ETF | $54,790 | $125,700 |
| VANGUARD FTSE EUROPE ETF | $32,602 | $29,928 |
| VANGUARD SMALL CAP ETF | $46,650 | $44,256 |
| SPDR S&P MID CAP 400 ETF | $18,070 | $139,722 |
| ABBOTT LABORATORIES | $25,005 | $24,835 |
| AFLAC INC | $3,543 | $29,950 |
| ALLSTATE CORP | $26,424 | $27,940 |
| ALPHABET INC | $24,897 | $30,355 |
| AMERICAN ELECTRIC POWER COMPANY INC | $37,992 | $58,270 |
| ASML HOLDING NV NY | $25,035 | $24,856 |
| BERKSHIRE HATHAWAY INC | $27,050 | $26,408 |
| CELGENE CORP | $22,808 | $23,952 |
| CHEVRON CORP | $24,855 | $24,739 |
| CITIGROUP INC | $25,031 | $24,064 |
| CVS HEALTH CORP | $24,893 | $24,442 |
| ECOLAB INC | $22,076 | $22,876 |
| KINDER MORGAN INC DE | $43,529 | $19,396 |
| MASTERCARD INC CLASS A | $22,745 | $24,340 |
| MONDELEZ INTERNATIONAL INC CL A | $25,344 | $26,904 |
| NESTLE S A SPNSD ADR | $25,024 | $25,303 |
| NOVARTIS AG | $25,006 | $25,038 |
| NXP SEMICONDUCTORS | $25,713 | $25,275 |
| PROCTER & GAMBLE COMPANY | $21,143 | $27,794 |
| SCHLUMBERGER LTD | $25,678 | $24,412 |
| THERMO FISHER SCIENTIFIC INC | $24,770 | $28,370 |
| UNION PACIFIC CORP | $29,550 | $23,460 |
| UNITED TECHNOLOGIES CORP | $25,992 | $28,821 |
| VERIZON COMMUNICATIONS INC | $19,880 | $18,488 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| WESTMINSTER FUND VI | AT COST | $5,397 | $16,953 |
| WESTMINSTER FUND VIII | AT COST | $27,240 | $48,630 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISTRIBUTION RECEIVABLE | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $48,486 | EOYBookValueAmt |
| EOYFMV | $48,486 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| BOOK/TAX DIFFERENCES FROM K-1'S | $3,833 |
| NONDEDUCTIBLE EXPENSES FROM K-1'S | $7 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PARTNERSHIP PASSTHROUGH DEDUCTIONS | $2,311 | $2,311 | $0 |
| LICENSES AND FEES | $843 | $0 | $843 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERSHIP PASSTHROUGH INCOME | $37,520 | $37,373 | $37,520 |
| VANGUARD OTHER INCOME | $4,307 | $4,307 | $4,307 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NONDIVIDEND DISTRIBUTIONS | $583 |
| BOOK ONLY GAIN ON CORRECTION | $46,776 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ACCRUED CORRECTION | $0 | $84,978 |
| WESTMINSTER FUND V | $1,222 | $3,313 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES | CategoryTxt |
| Amt | $1,562 | Amt |
| Net Investment Income | $1,562 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $46 | $46 | $0 |
| TAX PAYMENTS | $3,070 | $0 | $0 |