SCHERMAN FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- SCHERMAN FOUNDATION INC (EIN 13-6098464)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-29
- IRS object ID
- 201402419349100005
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Distribution From Corpus Election
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-08-29T12:54:03-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HECHT AND COMPANY PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 5TH AVENUE - 68TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 101180110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136098464 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SCHERMAN FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE SCHERMAN FOUNDATION INC | InCareOfNm |
| Business Name Control | SCHE | BusinessNameControlTxt |
| Phone | 2128323086 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 EAST 52ND STREET | AddressLine1 |
| Address Line2 | Suite 601 | AddressLine2 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MITCHELL PRATT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2128323086 | PhoneNum |
| Signature | 2014-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN STERN | PreparerPersonNm |
| Phone | 2128198000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $121,038,255 | 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 | $170 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $229 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $946,160 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,606,232 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,223,262 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,145,086 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,838,824 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $14,294 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$24,073 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,183,886 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,421,212 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $237,951 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $11,898 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $226,053 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $250,941 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $12,547 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $238,394 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $77,783 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $3,889 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $73,894 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,500 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $3,500 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $57,901 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $28,951 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $28,950 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $360,972 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $353,620 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $7,352 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $99,481 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,457 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $27,674 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $7,224 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $361 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $96,618 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $4,831 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $91,787 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $16,794 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $840 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $15,954 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $127,240 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $6,093 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $121,115 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,336,405 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $424,487 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $834,673 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,239,425 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,239,425 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,575,830 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $424,487 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,074,098 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,391,944 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,996,725 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $118,246 | CashBOYAmt |
| Cash EOY | $117,331 | CashEOYAmt |
| Cash EOYFMV | $117,331 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $603,315 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,322,823 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,322,823 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $44,936,795 | CorporateStockBOYAmt |
| Corporate Stock EOY | $38,053,478 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $43,563,783 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $50,627,966 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $53,317,769 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $74,912,362 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $155,288 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $127,452 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $22,782 | LandBOYAmt |
| Land EOY | $27,836 | LandEOYAmt |
| Land EOYFMV | $27,836 | LandEOYFMVAmt |
| Other Assets BOY | $12,664 | OtherAssetsBOYAmt |
| Other Assets EOY | $94,120 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $94,120 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $96,321,768 | TotalAssetsBOYAmt |
| Total Assets EOY | $93,933,357 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $121,038,255 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,622 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,155 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,622 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,155 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $96,320,146 | UnrestrictedBOYAmt |
| Unrestricted EOY | $93,928,202 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $96,320,146 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $93,928,202 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $96,321,768 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $93,933,357 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $96,320,146 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,391,944 | ExcessRevenueOverExpensesAmt |
| Subtotal | $93,928,202 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $93,928,202 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SEE PART IV SCHEDULE | P | $410,634 | $368,447 | $42,187 | $42,187 |
| SEE PART IV SCHEDULE | P | $4,734,452 | $937,815 | $3,796,637 | $3,796,637 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,838,824 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,196,835 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $100,942,364 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03167 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,157,842 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $98,227,963 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.032148 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,133,402 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $91,511,355 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.034241 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,418,970 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $61,023,113 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.03964 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,686,955 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $73,002,982 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.064202 | DistributionYr5Rt |
| Total Distribution | 0.201901 | TotalDistributionRt |
| Average Distribution | 0.04038 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $115,792,536 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,675,703 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $49,967 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,725,670 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $5,074,098 | 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 | $49,967 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $49,967 | SubtotalAmt |
| Tax Based On Investment Income | $49,967 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $53,547 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $40,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $93,547 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $43,580 | OverpaymentAmt |
| Applied To ES Tax | $43,580 | 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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| 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 | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | 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 |
| Website Address | SCHERMAN.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SCHERMAN FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128323086 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 EAST 52ND STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (true) | ForeignAccountsQuestionInd |
| Foreign Country | BD | ForeignCountryCd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | UC | ForeignCountryCd |
| Foreign Country | EI | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
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 (10 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| GORDON N LITWIN | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| KAREN R SOLLINS | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | CHAIRPERSON | 2.0 | $0 | $0 | $0 |
| MARCIA THOMPSON | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| JOHN J O'NEIL | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| SUSANNA BERGTOLD | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | SECRETARY | 2.0 | $0 | $0 | $0 |
| MITCHELL PRATT | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | PRESIDENT & TREASURER | 40.0 | $237,951 | $36,077 | $0 |
| HILLARY BROWN | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| JOHN WROCLAWSKI | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| DAVID R JONES | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| MIRIAM BUHL | ||||||||
| C/O THE SCHERMAN FOUNDATION INC | NEW YORK | NY | 10022 | DIRECTOR | 2.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| ALEXA M AVILES | ||||||||
| C/O SCHERMAN FOUNDATION | NEW YORK | NY | 10022 | PROGRAM OFFICER | 40.0 | $118,266 | $17,627 | $0 |
| NANCY T HANDLER | ||||||||
| C/O SCHERMAN FOUNDATION | NEW YORK | NY | 10022 | ADMINISTRATOR | 40.0 | $76,405 | $11,470 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HECHT AND COMPANY PC | |||||
| 350 FIFTH AVENUE 68TH FL | NEW YORK | NY | 10118 | ACCOUNTING SERVICES | $57,901 |
| CAMBRIDGE ASSOCIATES LLC | |||||
| 100 SUMMER STREET | BOSTON | MA | 02210 | INVESTMENT COUNSEL | $133,992 |
| WELLINGTON TRUST COMPANY NA | |||||
| 280 CONGRESS STREET | BOSTON | MA | 02210 | INVESTMENT COUNSEL | $63,842 |
| FIRST STATE INVESTMENTS GLOBAL EMERG FD | |||||
| C/O NORTHERN TRUST 50 S LASALLE ST | CHICAGO | IL | 60675 | INVESTMENT COUNSEL | $60,576 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NO DIRECT CHARITABLE ACTIVITIES | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $115,301,082 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,212,859 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $41,933 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $117,555,874 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $117,555,874 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,763,338 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $115,792,536 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,789,627 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,789,627 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $49,967 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $49,967 | TotalTaxAmt |
| Distributable Before Adj | $5,739,660 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,739,660 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,739,660 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,074,098 | 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 | $5,074,098 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $49,967 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,024,131 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,739,660 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2011 | PriorYear1Yr |
| Prior Year2 | 2010 | PriorYear2Yr |
| Prior Year3 | 2009 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $260,887 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,418,970 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,133,402 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,157,842 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,196,835 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $12,167,936 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,074,098 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $5,074,098 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $5,739,660 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $5,739,660 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $11,502,374 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $11,502,374 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $73,599 | ExcessFromYear3Amt |
| Excess From Year2 | $3,157,842 | ExcessFromYear2Amt |
| Excess From Year1 | $3,196,835 | ExcessFromYear1Amt |
| Excess From Current Year | $5,074,098 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KAREN R SOLLINS | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | MITCHELL PRATT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O SCHERMAN FDN 16 EAST 52ND ST | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2128323086 | RecipientPhoneNum |
| Form And Info And Materials | ATTACHMENT 18 | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | ATTACHMENT 18 | SubmissionDeadlinesTxt |
| Restrictions On Awards | ATTACHMENT 18 | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHMENT 19 | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PUBLIC CHARITIES | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | UNRESTRICTED CHARITABLE PURPOSES | GrantOrContributionPurposeTxt |
| Amt | $4,239,425 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,239,425 | 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 | $170 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $946,160 | 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 | $2,223,262 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14,294 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,183,886 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,183,886 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MAINTENANCE OF INVESTMENT | |||
| RECORDS | $28,951 | $28,951 | |
| PREPARATION OF AUDITED | |||
| FINANCIAL STATEMENTS, | |||
| FORM 990PF AND STATE | |||
| ATTORNEY GENERAL REPORTS | $28,950 | $0 | $28,950 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (37 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| OFFICE EQUIPMENT | 1993-09-21 | $2,612 | $2,612 | M5 | ||
| OFFICE FURNITURE | 1994-07-01 | $8,037 | $8,037 | M7 | ||
| OFFICE EQUIPMENT | 1995-01-11 | $11,681 | $11,681 | M5 | ||
| OFFICE EQUIPMENT | 1996-02-22 | $3,719 | $3,718 | M5 | ||
| FURNITURE | 1996-03-26 | $2,313 | $2,313 | M7 | ||
| OFFICE EQUPMENT | 1997-09-10 | $5,504 | $5,504 | M5 | ||
| OFFICE FURNITURE | 1997-02-01 | $578 | $578 | M7 | ||
| COMPUTER EQUIPMENT | 1998-06-30 | $18,963 | $18,963 | M5 | ||
| FURNITURE | 1998-11-13 | $1,560 | $1,560 | M7 | ||
| FURNITURE | 1999-02-05 | $1,949 | $1,949 | M7 | ||
| COMPUTER EQUIPMENT | 1999-07-01 | $1,641 | $1,641 | M5 | ||
| FURNITURE | 2000-07-01 | $2,281 | $2,281 | M7 | ||
| COMPUTER EQUIPMENT | 2000-07-01 | $3,248 | $3,248 | M5 | ||
| EQUIPMENT | 2001-06-01 | $7,089 | $7,089 | M5 | ||
| SOFTWARE | 2002-06-01 | $12,678 | $12,678 | M3 | 3 | |
| COMPUTER EQUIPMENT | 2003-06-01 | $2,038 | $2,038 | M5 | ||
| COMPUTER EQUIPMENT | 2004-06-30 | $6,663 | $6,663 | M5 | ||
| EQUIPMENT | 2005-07-16 | $4,616 | $4,616 | M5 | ||
| COMPUTER EQUIPMENT | 2007-07-15 | $3,770 | $3,770 | M5 | ||
| EQUIPMENT | 2008-12-31 | $6,168 | $6,168 | SL | 5 | |
| COMPUTER | 2009-07-13 | $1,593 | $1,593 | SL | 5 | |
| COMPUTERS | 2010-04-30 | $4,264 | $2,275 | SL | 5 | $853 |
| OFFICE FURNITURE | 2011-02-25 | $2,324 | $852 | SL | 5 | $465 |
| OFFICE FURNITURE | 2011-03-03 | $8,603 | $3,155 | SL | 5 | $1,721 |
| FIXTURES | 2011-08-01 | $4,860 | $1,377 | SL | 5 | $972 |
| OFFICE FURNITURE | 2011-08-02 | $2,211 | $626 | SL | 5 | $442 |
| FIXTURES | 2011-05-15 | $7,952 | $2,451 | SL | 5 | $1,590 |
| PRINTER | 2011-11-14 | $398 | $90 | SL | 5 | $80 |
| COMPUTER | 2011-05-11 | $1,746 | $538 | SL | 5 | $349 |
| COMPUTER EQUIPMENT | 2012-07-10 | $1,635 | $164 | SL | 5 | $327 |
| COMPUTER | 2013-03-04 | $1,299 | SL | 5 | $217 | |
| COMPUTER EQUIPMENT | 2013-05-06 | $327 | SL | 5 | $44 | |
| REFRIGERATOR | 2013-06-04 | $499 | SL | 5 | $58 | |
| FURNITURE | 2013-08-26 | $140 | SL | 5 | $9 | |
| COMPUTERS | 2013-11-26 | $4,797 | SL | 5 | $80 | |
| FIXTURES | 2013-11-05 | $533 | SL | 5 | $17 | |
| LEASEHOLD IMPROVE. | 2013-12-31 | $5,000 | SL | 27 |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | THE SCHERMAN FOUNDATION, INC. HEREBY ELECTS TO TREAT $5,074,098 OF QUALIFYING DISTRIBUTIONS OF THE FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2013 AS BEING MADE OUT OF CORPUS IN ACCORDANCE WITH INTERNAL REVENUE REGULATION 53.4942(A) - 3(D) (2). | ElectionDesc |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MUTUAL FUNDS: | ||
| OAKMARK SELECT FUND | $3,529,611 | $4,376,680 |
| BRIDGEWAY BLUE CHIP 35 INDEX | $4,350,161 | $6,180,136 |
| VANGUARD DEVELOPED MARKETS | $2,671,038 | $3,201,711 |
| IVA WORLDWIDE FUND CLASS | $4,998,598 | $6,231,224 |
| MANNING & NAPIER OVERSEAS FD | $5,650,146 | $6,111,683 |
| VANGUARD INTEREMEDIATE BOND | $4,954,134 | $4,549,676 |
| PIMCO TOTAL RETURN INSTITUT. | $4,259,019 | $4,035,711 |
| DSM LARGE CAP GROWTH FUND | $4,602,125 | $5,975,702 |
| VANGUARD EMERGING MARKETS FD | $512,386 | $481,199 |
| PIMCO UNCONSTRAINED BOND FD | $2,526,260 | $2,420,061 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (34 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Listed At Cost Or FMVListedAtCostOrFMVCd |
|---|---|---|---|
| ANCHORAGE CAPITAL PARTNERS | $2,000,000 | $2,727,874 | |
| OFFSHORE, LTD. | AT COST | ||
| AXIOM GLOBAL EQUITY FUND | $4,062,685 | $6,332,976 | AT COST |
| DAVIDSON KEMPNER INSTITUTIONAL | |||
| PARTNERS LP | $2,700,000 | $4,993,164 | AT COST |
| ELLIOTT INTERNATIONAL LIMITED | $3,000,000 | $3,899,636 | AT COST |
| FIRST STATE INVESTMENTS GLOBAL | |||
| EMERGING MARKETS LEADERS FD | $3,526,002 | $5,583,492 | AT COST |
| MASON CAPITAL LTD | $2,000,000 | $2,626,663 | AT COST |
| SSGA S&P 500 INDEX CTF | $7,172,478 | $10,819,168 | AT COST |
| WELLINGTON DIVERSIFIED | |||
| INFLATION HEDGES PORTFOLIO | $5,710,805 | $7,011,609 | AT COST |
| PERMIT CAPITAL MORTGAGE FUND | |||
| L.P. - SERIES K | $206,582 | $1,922,769 | AT COST |
| SOMERSET EMERGING MARKETS | |||
| SMALL CAP FUND LLC | $1,000,000 | $1,070,543 | AT COST |
| SOMERSET SMALL MID CAP EM ALL | |||
| COUNTRY FUND LLC | $1,100,000 | $1,305,321 | AT COST |
| THE HIGHCLERE INTERNATIONAL | |||
| INVESTORS SMID FUND | $2,417,589 | $3,447,118 | AT COST |
| PERMIT CAPITAL MORTGAGE FUND | |||
| L.P. - SERIES M | $493,700 | $478,633 | AT COST |
| POST LIMITED TERM HIGH YIELD | AT COST | ||
| OFFSHORE FUND LTD | $3,500,000 | $3,957,055 | AT COST |
| STANDARD LIFE INVESTMENTS | |||
| GLOBAL ABSOLUTE RETURN | $3,300,000 | $3,509,577 | AT COST |
| EATON VANCE INSTITUTIONAL | |||
| SENIOR LOAN TRUST | $2,628,637 | $2,645,262 | AT COST |
| AETHER REAL ASSETS II, LP | $473,984 | $520,018 | AT COST |
| LL OPPORTUNISTIC MORTGAGE | |||
| FUND, LP - 2014 | $100,000 | $99,224 | AT COST |
| BARLOW PARTNERS OFFSHORE LTD | $3,500,000 | $4,994,463 | AT COST |
| GENERATION IM GLOBAL EQUITY FD | $4,187,886 | $6,740,975 | AT COST |
| MERCED PARTNERS IV, LP | $237,421 | $226,822 | AT COST |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (37 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| OFFICE EQUIPMENT | $2,612 | $2,612 | |
| OFFICE FURNITURE | $8,037 | $8,037 | |
| OFFICE EQUIPMENT | $11,681 | $11,681 | |
| OFFICE EQUIPMENT | $3,719 | $3,718 | $1 |
| FURNITURE | $2,313 | $2,313 | |
| OFFICE EQUPMENT | $5,504 | $5,504 | |
| OFFICE FURNITURE | $578 | $578 | |
| COMPUTER EQUIPMENT | $18,963 | $18,963 | |
| FURNITURE | $1,560 | $1,560 | |
| FURNITURE | $1,949 | $1,949 | |
| COMPUTER EQUIPMENT | $1,641 | $1,641 | |
| FURNITURE | $2,281 | $2,281 | |
| COMPUTER EQUIPMENT | $3,248 | $3,248 | |
| EQUIPMENT | $7,089 | $7,089 | |
| SOFTWARE | $12,678 | $12,678 | |
| COMPUTER EQUIPMENT | $2,038 | $2,038 | |
| COMPUTER EQUIPMENT | $6,663 | $6,663 | |
| EQUIPMENT | $4,616 | $4,616 | |
| COMPUTER EQUIPMENT | $3,770 | $3,770 | |
| EQUIPMENT | $6,168 | $6,168 | |
| COMPUTER | $1,593 | $1,593 | |
| COMPUTERS | $4,264 | $3,128 | $1,136 |
| OFFICE FURNITURE | $2,324 | $1,317 | $1,007 |
| OFFICE FURNITURE | $8,603 | $4,876 | $3,727 |
| FIXTURES | $4,860 | $2,349 | $2,511 |
| OFFICE FURNITURE | $2,211 | $1,068 | $1,143 |
| FIXTURES | $7,952 | $4,041 | $3,911 |
| PRINTER | $398 | $170 | $228 |
| COMPUTER | $1,746 | $887 | $859 |
| COMPUTER EQUIPMENT | $1,635 | $491 | $1,144 |
| COMPUTER | $1,299 | $217 | $1,082 |
| COMPUTER EQUIPMENT | $327 | $44 | $283 |
| REFRIGERATOR | $499 | $58 | $441 |
| FURNITURE | $140 | $9 | $131 |
| COMPUTERS | $4,797 | $80 | $4,717 |
| FIXTURES | $533 | $17 | $516 |
| LEASEHOLD IMPROVE. | $5,000 | $5,000 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SECURITY DEPOSITS | $12,664 | $12,664 | $12,664 |
| DUE FROM BROKER | $0 | $67,224 | $67,224 |
| PAYROLL TAXES WITHHELD | $0 | $14,132 | $14,132 |
| 403B PENSION PLAN | $0 | $100 | $100 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| STATIONERY, SUPPLIES & POSTAGE | $2,793 | $140 | $2,653 |
| COMPUTER/WEBSITE EXPENSE | $7,702 | $385 | $7,317 |
| TELEPHONE | $4,352 | $218 | $4,134 |
| EMPLOYEE BENEFITS | $92,676 | $4,634 | $88,042 |
| DUES AND PUBLICATIONS | $3,732 | $0 | $3,732 |
| MAINTENANCE & REPAIRS | $2,185 | $109 | $2,076 |
| SUNDRY | $12,133 | $607 | $11,526 |
| NYS FILING FEE | $1,500 | $0 | $1,500 |
| PUBLIC INSPECTION AD | $135 | $0 | $135 |
| PENALTIES | $32 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EATON VANCE INSTITUTIONAL SENIOR LOAN TR | $597 | $597 |
| INCOME (LOSS) FROM CTF/PARTNERSHIPS: | ||
| SSGA S&P 500 INDEX SL QP CTF | -$491 | |
| DAVIDSON KEMPNER INSTITUTIONAL PTNRS | -$85,009 | |
| WELLINGTON TRUST COMPANY | -$41,036 | |
| FIRST STATE INVESTMENTS GLOBAL | ||
| EMERGING MARKETS LEADERS FUND | -$24,493 | |
| AXIOM GLOBAL EQUITY FUND | $85,169 | |
| SOMERSET EMERGING MARKETS SMALL | ||
| CAP FUND LLC | -$21,331 | |
| THE HIGHCLERE INT'L INVESTORS SMID FD | $12,890 | |
| PERMIT CAPITAL MORTGAGE FD-SERIES K | -$9,128 | |
| SOMERSET SMALL MID CAP EM ALL COUNTRY | -$10,467 | |
| AETHER REAL ASSETS II, LP | $61,039 | |
| PERMIT CAPITAL MORTGAGE FD-SERIES M | -$4,760 | |
| LL OPPORTUNISTIC MORTGAGE FD, LP-2014 | -$750 | |
| OTHER INCOME | $13,697 | $13,697 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt |
|---|---|
| CAFETERIA PLAN FUNDS WITHHELD | $3,036 |
| FICA TAXES WITHHELD | $2,119 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT ADVISORY FEES | $219,101 | $219,101 | $0 |
| INVESTMENT RELATED EXPENSES | $134,132 | $134,132 | $0 |
| CONSULTANTS | $7,739 | $387 | $7,352 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $70,000 | $0 | $0 |
| FEDERAL INCOME TAX | $16 | $0 | $0 |
| NYS CORPORATE TAX | $335 | $0 | $0 |
| PAYROLL TAXES | $29,130 | $1,457 | $27,674 |