ORNEST FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ORNEST FAMILY FOUNDATION (EIN 95-4436139)
- Tax period
- 2024-03-01 to 2025-02-28
- Filed
- 2025-12-24
- IRS object ID
- 202533589349100808
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-12-24T16:05:19-06:00 | ReturnTs |
| Tax Period End | 2025-02-28 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 262758982 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CASKEY MANDELL KARP & BLOCK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11150 W OLYMPIC BLVD 1000 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90064 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-03-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954436139 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORNEST FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ORNE | BusinessNameControlTxt |
| Phone | 3104594254 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 LATIMER RD | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90402 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAURA ORNEST | PersonNm |
| Person Title | PRES, CFO, DIRECTOR | PersonTitleTxt |
| Phone | 3104594254 | PhoneNum |
| Signature | 2025-12-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES L CASKEY JR | PreparerPersonNm |
| PTIN | P00882308 | PTIN |
| Phone | 3109438080 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,724,128 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $136,246 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $136,246 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,974,590 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,291,080 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,974,590 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $31,672 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,142,508 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,110,836 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $33,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $6,600 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $26,400 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $68,029 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $68,029 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,274 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $274 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,928 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $25,442 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,486 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $134,231 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $100,345 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $27,886 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $393,850 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $393,850 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $528,081 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $100,345 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $421,736 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,614,427 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,010,491 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $376,429 | CashBOYAmt |
| Cash EOY | $12,045 | CashEOYAmt |
| Cash EOYFMV | $12,045 | CashEOYFMVAmt |
| US Government Obligations BOY | $100,007 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,324,265 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,469,742 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,774,106 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,253,820 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $306,075 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $337,014 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $251,914 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $600,963 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $5,054,521 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,039,776 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,724,128 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $5,054,521 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $4,039,776 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,054,521 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,039,776 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,054,521 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,039,776 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,054,521 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,614,427 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $7,668,948 | SubtotalAmt |
| Other Decreases | $3,629,172 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,039,776 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (49 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 500 SHARES OF AMERICAN EXPRESS CO | P | 2023-02-28 | 2024-05-13 | $120,214 | $24,803 | $95,411 | $95,411 |
| 200 SHARES OF AMERICAN EXPRESS CO | P | 2023-02-28 | 2024-06-04 | $47,264 | $9,903 | $37,361 | $37,361 |
| 450 SHARES OF AMERICAN EXPRESS CO | P | 2023-02-28 | 2024-07-29 | $111,073 | $19,758 | $91,315 | $91,315 |
| 2200 SHARES OF BANK OF AMERICA 5% PFD | P | 2023-02-28 | 2024-06-04 | $48,192 | $59,070 | -$10,878 | -$10,878 |
| 7580 SHARES OF BANK OF AMERICA CORP | P | 2023-02-28 | 2024-05-13 | $291,150 | $226,058 | $65,092 | $65,092 |
| 1100 SHARES OF CLOROX CO | P | 2023-02-28 | 2024-05-13 | $157,326 | $59,144 | $98,182 | $98,182 |
| 590 SHARES OF CONSTELLATION BRAND | P | 2023-02-28 | 2024-05-13 | $154,573 | $102,832 | $51,741 | $51,741 |
| 1200 SHARES OF EDWARDS LIFESCIENCES | P | 2023-02-28 | 2024-05-13 | $102,611 | $39,165 | $63,446 | $63,446 |
| 2200 SHARES OF INTEL CORP | P | 2023-02-28 | 2024-05-13 | $67,968 | $56,927 | $11,041 | $11,041 |
| 1066 SHARES OF J M SMUCKER CO | P | 2023-02-28 | 2024-05-13 | $124,145 | $46,070 | $78,075 | $78,075 |
| 200 SHARES OF J P MORGAN CHASE & CO | P | 2023-02-28 | 2024-06-04 | $39,754 | $15,059 | $24,695 | $24,695 |
| 500 SHARES OF J P MORGAN CHASE & CO | P | 2023-02-28 | 2024-07-29 | $105,537 | $27,206 | $78,331 | $78,331 |
| 1249 SHARES OF JOHNSON & JOHNSON | P | 2023-02-28 | 2024-07-29 | $198,923 | $80,670 | $118,253 | $118,253 |
| 490 SHARES OF JPMORGAN CHASE & CO | P | 2023-02-28 | 2024-05-13 | $97,122 | $44,590 | $52,532 | $52,532 |
| 445 SHARES OF LAMB WESTON HOLDINGS INC | P | 2023-02-28 | 2024-05-13 | $38,012 | $14,041 | $23,971 | $23,971 |
| 1316 SHARES OF LOWES COMPANIES INC | P | 2023-02-28 | 2024-06-04 | $285,564 | $36,780 | $248,784 | $248,784 |
| 1118 SHARES OF MCCORMICK & CO INC | P | 2023-02-28 | 2024-05-13 | $85,604 | $19,812 | $65,792 | $65,792 |
| 2000 SHARES OF MCCORMICK & CO INC | P | 2023-02-28 | 2024-06-04 | $140,546 | $33,306 | $107,240 | $107,240 |
| 358 SHARES OF MCDONALDS CORP | P | 2023-02-28 | 2024-05-13 | $98,445 | $58,185 | $40,260 | $40,260 |
| 200 SHARES OF MCDONALDS CORP | P | 2023-02-28 | 2024-06-04 | $52,097 | $31,388 | $20,709 | $20,709 |
| 500 SHARES OF MCDONALDS CORP | P | 2023-02-28 | 2024-07-29 | $131,202 | $27,857 | $103,345 | $103,345 |
| 1500 SHARES OF MERCK & CO. INC. | P | 2023-02-28 | 2024-05-13 | $192,673 | $91,455 | $101,218 | $101,218 |
| 140 SHARES OF NORTHROP GRUMMAN CO | P | 2023-02-28 | 2024-06-04 | $62,778 | $35,654 | $27,124 | $27,124 |
| 1150 SHARES OF NOVO-NORDISK A S F | P | 2023-02-28 | 2024-12-30 | $98,886 | $153,152 | -$54,266 | -$54,266 |
| 1601 SHARES OF PEPSICO INC | P | 2023-02-28 | 2024-09-24 | $273,302 | $116,286 | $157,016 | $157,016 |
| 206 SHARES OF SOLVENTUM CORP | P | 2023-02-28 | 2024-05-13 | $13,100 | $6,637 | $6,463 | $6,463 |
| 2996 SHARES OF SYSCO CORP | P | 2023-02-28 | 2024-05-13 | $229,869 | $77,239 | $152,630 | $152,630 |
| 429 SHARES OF TEXAS PACIFIC LAND CORP | P | 2023-02-28 | 2024-05-13 | $261,837 | $58,621 | $203,216 | $203,216 |
| 3545 SHARES OF THE COCA-COLA CO | P | 2023-02-28 | 2024-05-13 | $225,141 | $88,856 | $136,285 | $136,285 |
| 484 SHARES OF VANGUARD S&P 500 ETF | P | 2023-02-28 | 2024-06-04 | $234,046 | $111,025 | $123,021 | $123,021 |
| 600 SHARES OF VANGUARD S&P 500 ETF | P | 2023-02-28 | 2024-08-27 | $309,737 | $137,634 | $172,103 | $172,103 |
| 1517 SHARES OF WALMART INC | P | 2023-02-28 | 2024-06-04 | $100,680 | $27,943 | $72,737 | $72,737 |
| 1500 SHARES OF WALT DISNEY CO | P | 2023-02-28 | 2024-06-04 | $154,135 | $53,671 | $100,464 | $100,464 |
| 850 SHARES OF 3M CO | P | 2023-02-28 | 2024-05-13 | $82,890 | $36,167 | $46,723 | $46,723 |
| $75000 PAR VALUE ARES CAP CORP 4.2% | P | 2023-02-28 | 2024-05-13 | $74,700 | $77,269 | -$2,569 | -$2,569 |
| $100000 PAR VALUE DARDEN RESTAURAN 3.85% | P | 2023-02-28 | 2024-05-13 | $95,532 | $103,700 | -$8,168 | -$8,168 |
| $60000 PAR VALUE ENERGY TRANSFER 4.95% | P | 2023-02-28 | 2024-05-13 | $58,875 | $59,802 | -$927 | -$927 |
| $100,000 PAR VALUE FHLB 5% | P | 2023-02-28 | 2024-09-23 | $100,000 | $100,020 | -$20 | -$20 |
| $105000 PAR VALUE EXPEDIA GROUP, INC. 5% | P | 2023-02-28 | 2024-05-13 | $103,794 | $106,859 | -$3,065 | -$3,065 |
| $100000 PAR VALUE GENERAL MOTORS FI 4.3% | P | 2023-02-28 | 2024-05-13 | $94,284 | $93,865 | $419 | $419 |
| $100000 PAR VALUE HCA HEALTHCARE, I 4.5% | P | 2023-02-28 | 2024-05-13 | $97,256 | $113,835 | -$16,579 | -$16,579 |
| $100000 PAR VALUE CHASE & VAR | P | 2023-02-28 | 2024-05-01 | $100,000 | $106,375 | -$6,375 | -$6,375 |
| $50000 PAR VALUE INGREDION INC | P | 2023-02-28 | 2024-05-13 | $47,417 | $51,233 | -$3,816 | -$3,816 |
| $100000 PAR VALUE PNC FINL SVCS GRO VAR | P | 2023-02-28 | 2024-05-13 | $101,175 | $104,500 | -$3,325 | -$3,325 |
| $60000 PAR VALUE T-MOBILE USA INC 4.75%28 | P | 2023-02-28 | 2024-05-13 | $58,842 | $64,093 | -$5,251 | -$5,251 |
| $85000 PAR VALUE DUE TOLL BROTHERS FI 4.35%28 | P | 2023-02-28 | 2024-05-13 | $81,690 | $80,290 | $1,400 | $1,400 |
| 2912 SHARES OF MONSTER BEVERAGE CORP NE | P | 2023-02-28 | 2025-01-24 | $140,756 | $81,803 | $58,953 | $58,953 |
| 1729 SHARES OF PROCTER & GAMBLE CO | P | 2023-02-28 | 2025-01-24 | $286,807 | $111,743 | $175,064 | $175,064 |
| 460 SHARES OF UNION PAC CORP | P | 2023-02-28 | 2025-01-24 | $113,556 | $34,139 | $79,417 | $79,417 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,974,590 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $41,846 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $41,846 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $41,846 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $41,846 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $41,846 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
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 | CA | 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 |
| Individual With Books | JAMES L CASKEY CPA | IndividualWithBooksNm |
| Phone | 3109438080 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11150 W OLYMPIC BLVD SUITE 1000 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90064 | 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 | 0 | 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 |
| 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 |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
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 |
|---|---|---|---|---|---|---|---|---|
| LAURA ORNEST | ||||||||
| 15 LATIMER RD | SANTA MONICA | CA | 90402 | PRESIDENT, CFO, DIRECTOR | 8.00 | $18,000 | $0 | $0 |
| CINDY ORNEST | ||||||||
| 2222 AVE OF THE STARS 2804 | LOS ANGELES | CA | 90067 | DIRECTOR | 2.00 | $12,000 | $0 | $0 |
| MICHAEL ORNEST RESIGNED 53124 | ||||||||
| 3172 ABINGTON DR | BEVERLY HILLS | CA | 90210 | DIRECTOR | 2.00 | $3,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MITCHELL SILBERBERG & KNUPP LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2049 CENTURY PARK E | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL SERVICES | ServiceTypeTxt |
| Compensation | $68,029 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
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 | $8,217,312 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $130,726 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,348,038 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $8,348,038 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $125,221 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $8,222,817 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $411,141 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $411,141 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $41,846 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $41,846 | TotalTaxAmt |
| Distributable Before Adj | $369,295 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $369,295 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $369,295 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $421,736 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $421,736 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $369,295 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $1,617 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr1 | $92,092 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $93,709 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $421,736 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $369,295 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $52,441 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $146,150 | 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 | $146,150 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,617 | ExcessFromYear4Amt |
| Excess From Year1 | $92,092 | ExcessFromYear1Amt |
| Excess From Current Year | $52,441 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (48 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| ACLU FOUNDATION | |||||||
| 1313 W 8TH ST 200 | LOS ANGELES | CA | 90017 | PUBLIC CHARITY | SUPPORT OF PHUMAN RIGHTS THROUGH LEGAL ADVOCACY | $10,000 | |
| AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC | |||||||
| PO BOX 4124 | NEW YORK | NY | 10163 | PUBLIC CHARITY | TO PROVIDE SUPPORT AND ASSISTANCE TO THE JEWISH POPULATION IN NEED. | $10,000 | |
| BAR ILAN UNIVERSITY | |||||||
| 8730 WILSHIRE BLVD 550 | BEVERLY HILLS | CA | 90211 | PUBLIC CHARITY | SUPPORT UNIVERSITY PROGRAMS AND PUBLIC EDUCATION | $10,000 | |
| BEIT T'SHUVAH | |||||||
| 8831 VENICE BLVD | LOS ANGELES | CA | 90034 | PUBLIC CHARITY | TO SUPPORT ADDICTION TREATMENT | $7,000 | |
| BEN-GURION UNIVERSITY | |||||||
| 1001 AVENUE OF THE AMERICAS 19TH | NEW YORK | NY | 10018 | PUBLIC CHARITY | SUPPORT UNIVERSITY PROGRAMS AND PUBLIC EDUCATION | $5,000 | FLOOR |
| BEVERLY HILLS ATHLETIC ALUMNI ASSOCIATION | |||||||
| 269 S BEVERLY DR 694 | BEVERLY HILLS | CA | 90212 | PUBLIC CHARITY | TO SUPPORT HIGH SCHOOL ATHLETICS | $25,000 | |
| CEDARS SINAI CARDIOLOGY | |||||||
| 8700 BEVERLY BLVD | LOS ANGELES | CA | 90048 | PUBLIC CHARITY | SUPPORT CARDIOLOGY RESEARCH | $35,000 | |
| CENTER FOR SPIRITUAL LIVING LOS ANGELES | |||||||
| 1200 N LA BREA AVENUE | WEST HOLLYWOOD | CA | 90038 | PUBLIC CHARITY | TO SUPPORT PERSONAL GROWTH AND SPIRITUAL UNDERSTANDING. | $500 | |
| CHEWONKI FOUNDATION | |||||||
| 485 CHEWONKI NECK RD | WISCASSET | ME | 04578 | PUBLIC CHARITY | SUPPORT ENVIRONMENTAL EDUCATION | $14,000 | |
| CONGREGATION BETH ISRAEL | |||||||
| 8056 BEVERLY BOULEVARD | LOS ANGELES | CA | 90048 | PUBLIC CHARITY | TO SUPPORT THE JEWISH SYNAGOGUE. | $2,100 | |
| FRIENDS OF THE SEMEL | |||||||
| 760 WESTWOOD PLAZA C7 | LOS ANGELES | CA | 90095 | PUBLIC CHARITY | TO SUPPORT THE RESEARCH AND STUDY OF THE MIND, BRAIN, AND BEHAVIOR | $7,000 | |
| FRIENDS OF VANCOUVER FOUNDATION | |||||||
| 3300 920 5TH AVE | SEATTLE | WA | 98104 | PUBLIC CHARITY | TO SUPPORT CREATING HEALTHY, VIBRANT, EQUITABLE, AND INCLUSIVE COMMUNITIES. | $20,000 | |
| HILLCREST CHARITABLE DONATION FUND | |||||||
| 10000 W PICO BLVD | LOS ANGELES | CA | 90064 | PUBLIC CHARITY | SUPPORT OF EDUCATION AND SCHOLARSHIPS | $6,000 | |
| HILLEL | |||||||
| 800 EIGHTH ST NW | WASHINGTON | DC | 20001 | PUBLIC CHARITY | TO SUPPORT JEWISH STUDENTS | $18,000 | |
| J LOS ANGELES | |||||||
| 5870 W OLYMPIC BLVD | LOS ANGELES | CA | 90036 | PUBLIC CHARITY | SUPPORT OF AMERICAN JEWISH FAMILIES | $2,500 | |
| JEWISH FAMILY SERVICES | |||||||
| 4311 WILSHIRE BLVD STE 209 | LOS ANGELES | CA | 90010 | PUBLIC CHARITY | SUPPORT OF AMERICAN JEWISH FAMILIES UNRESTRICTED | $10,000 | |
| JEWISH FEDERATION | |||||||
| 6505 WILSHIRE BLVD | LOS ANGELES | CA | 90048 | PUBLIC CHARITY | SUPPORT OF AMERICAN JEWISH ACTIVITIES | $45,000 | |
| JVSLA | |||||||
| 625 N SAN VICENTE BLVD | WEST HOLLYWOOD | CA | 90069 | PUBLIC CHARITY | SUPPORT OF WORKFORCE DEVELOPMENT AND CAREER SERVICES | $5,000 | |
| KEHILLAT ISRAEL | |||||||
| 16019 W SUNSET BLVD | PACIFIC PALISADES | CA | 90272 | PUBLIC CHARITY | SUPPORT FOR A JEWISH TEMPLE | $4,750 | |
| LOS ANGELES MASTER CHORALE | |||||||
| 135 N GRAND AVE | LOS ANGELES | CA | 90012 | PUBLIC CHARITY | SUPPORT OF MUSIC AND ART | $2,500 | |
| MAINE ART GALLERY WISCASSET | |||||||
| 15 WARREN STREET | WISCASSET | ME | 04578 | PUBLIC CHARITY | SUPPORT FOR THE MAINE ART GALLERY | $1,000 | |
| MAINE PUBLIC RADIO | |||||||
| 63 TEXAS AVE | BANGOR | ME | 04401 | PUBLIC CHARITY | SUPPORT PUBLIC RADIO, CULTUTAL,MUSIC AND EDUCATIONAL PROGRAMMING | $2,000 | |
| MIDCOAST CONSERVANCY | |||||||
| 290 US-1 | EDGECOMB | ME | 04556 | PUBLIC CHARITY | TO SUPPORT THE PROTECTION AND RESTORATION OF VITAL LANDS | $1,000 | |
| NATURAL RESOURCES COUNCIL OF MAINE | |||||||
| 3 WADE ST | AUGUSTA | ME | 04330 | PUBLIC CHARITY | TO SUPPORT THE PROTECTION OF MAINE'S ENVIRONMENT | $1,000 | |
| NATURE CONSERVANCY | |||||||
| 4245 NORTH FAIRFAX DRIVE SUITE 100 | ARLINGTON | VA | 22203 | PUBLIC CHARITY | TO SUPPORT BIODIVERSITY AND PREVENTING FURTHER CLIMATE CHANGE | $1,000 | |
| NOTLEY IMPACT | |||||||
| 1023 SPRINGDALE RD 1J | AUSTIN | TX | 78721 | PUBLIC CHARITY | TO SUPPORT BUSINESSES, NONPROFITS, AND INDIVIDUALS MAKING POSITIVE CHANGE. | $10,000 | |
| PLANNED PARENTHOOD | |||||||
| 123 WILLIAM STREET 10TH FLOOR | NEW YORK | NY | 10038 | PUBLIC CHARITY | SUPPORT OF WOMEN'S REPRODUCTIVE FREEDOM AND HEALTH | $10,000 | |
| PUBLIC MEDIA GROUP OF SOUTHERN CALIFORNIA | |||||||
| PO BOX 33816 | LOS ANGELES | CA | 90033 | PUBLIC CHARITY | TO SUPPORT PBS STATIONS FOR SOUTHERN CALIFORNIA. | $1,000 | |
| SAINT JOHN'S HEALTH CENTER FOUNDATION | |||||||
| 2121 SANTA MONICA BLVD | SANTA MONICA | CA | 90404 | PUBLIC CHARITY | SUPPORT FOR SAINT JOHN'S HEALTH CENTER | $11,500 | |
| SANDY HOOK PROMISE | |||||||
| PO BOX 3489 | NEWTOWN | CT | 06470 | PUBLIC CHARITY | PROGRAMS FOR PROTECTING CHILDREN FROM GUN VIOLENCE | $10,000 | |
| SIMON WIESENTHAL CENTER | |||||||
| 1399 SOUTH ROXBURY DRIVE | LOS ANGELES | CA | 90035 | PUBLIC CHARITY | TO SUPPORT GLOBAL JEWISH HUMAN RIGHTS | $1,000 | |
| SKIRBALL CENTER | |||||||
| 2701 N SEPULVEDA BLVD | LOS ANGELES | CA | 90049 | PUBLIC CHARITY | SUPPORT OF AMERICAN JEWISH ACTIVITIES | $5,000 | |
| SOUTHERN POVERTY LAW CENTER | |||||||
| 400 WASHINGTON AVE | MONTGOMERY | AL | 36104 | PUBLIC CHARITY | TO SUPPORT CIVIL RIGHTS AND PUBLIC INTEREST LITIGATION | $1,000 | |
| SOUTHERN VISION ALLIANCE | |||||||
| PO BOX 51698 | DURHAM | NC | 27717 | PUBLIC CHARITY | TO SUPPORT SOCIAL, RACIAL, ECONOMIC, GENDER, AND ENVIRONMENTAL JUSTICE. | $10,000 | |
| SPURWINK | |||||||
| 901 WASHINGTON AVE SUITE 100 | PORTLAND | ME | 04103 | PUBLIC CHARITY | TO SUPPORT BEHAVIOURAL HEALTH CARE AND SUBSTANCE USE DISORDER SERVICES. | $1,000 | |
| STEPPING FORWARD LA | |||||||
| 1000 NORTH ALAMEDA STREET NO 240 | LOS ANGELES | CA | 90012 | PUBLIC CHARITY | SUPPORT FOSTER YOUTH | $3,000 | |
| THE FOUNDATION FOR ART & HEALING | |||||||
| 1660 SOLDIERS FLD RD STE 7 1112 | BRIGHTON | MA | 02135 | PUBLIC CHARITY | TO SUPPORT THE IMPROVEMENT OF PERSONAL AND PUBLIC HEALTH. | $10,500 | |
| THE GEFFEN PLAYHOUSE | |||||||
| 10886 LE CONTE AVE | LOS ANGELES | CA | 90024 | PUBLIC CHARITY | SUPPORT OF MUSIC PROGRAMS | $1,000 | |
| THE WALDO THEATRE | |||||||
| 916 MAIN STREET | WALDOBORO | ME | 04572 | PUBLIC CHARITY | SUPPORT FOR RESTORATION OF CULTURE AND ART. | $6,500 | |
| UCSB | |||||||
| UC SANTA BARBARA | SANTA BARBARA | CA | 93106 | PUBLIC CHARITY | SUPPORT FOR THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA | $26,000 | |
| UNITED STATES HOLOCAUST MEMORIAL MUSEUM | |||||||
| 100 RAOUL WALLENBERG PL SW | WASHINGTON | DC | 20024 | PUBLIC CHARITY | SUPPORT FOR THE UNITED STATES HOLOCAUST MEMORIAL MUSEUM | $10,000 | |
| UNIVERSITY OF SAN FRANCISCO | |||||||
| 2130 FULTON ST | SAN FRANCISCO | CA | 941171080 | PUBLIC CHARITY | SUPPORT FOR THE UNIVERSITY OF SAN FRANCISCO | $5,000 | |
| UTAH FILM CENTER | |||||||
| 375 W 400 N | SALT LAKE CITY | UT | 84103 | PUBLIC CHARITY | TO SUPPORT FILM EXHIBITION, MEDIA ARTS EDUCATION, AND ARTISTS. | $3,000 | |
| VENICE FAMILY CLINIC | |||||||
| 604 ROSE AVE | VENICE | CA | 90291 | PUBLIC CHARITY | SUPPORT HEALTHCARE FOR FAMILIES IN NEED | $1,000 | |
| VISTA DEL MAR | |||||||
| 3200 MOTOR AVE | LOS ANGELES | CA | 90034 | PUBLIC CHARITY | SUPPORT OF CHILD AND FAMILY SERVICES | $10,000 | |
| WHOLESCHOOL MINDFULNESS | |||||||
| 460 CHESTNUT STREET | WRENTHAM | MA | 02093 | PUBLIC CHARITY | TO SUPPORT WELL-BEING, COMMUNITY, AND JUSTICE THROUGH EDUCATION. | $10,000 | |
| WILSHIRE BOULEVARD TEMPLE | |||||||
| 3663 WILSHIRE BLVD | LOS ANGELES | CA | 90010 | PUBLIC CHARITY | SUPPORT FOR THE WILSHIRE BLVD TEMPLE AND THE JEWISH COMMUNITY. | $1,500 | |
| WISCASSET PUBLIC LIBRARY | |||||||
| 21 HIGH ST | WISCASSET | ME | 04578 | PUBLIC CHARITY | SUPPORT FOR THE WISCASSET PUBLIC LIBRARY | $500 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $393,850 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $27,642 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $108,604 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,974,590 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS (VOIDED CHECKS NOT RE-ISSUED) | Desc |
| Unrelated Business Taxbl Incm | $31,672 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $31,672 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,110,836 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,142,508 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 4 | LineNumberTxt |
| Relationship Statement | INTEREST, DIVIDENDS, AND GAINS ON INVESTMENTS DURING THE YEAR WHICH PROVIDE ADDITIONAL FUNDS TO BE DISTRIBUTED TO CHARITIES. | RelationshipStatementTxt |
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 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | IRC SECTION 4943(H)(3) EXPENDITURE RESPONSIBILITY REPORT | IdentifierTxt |
| Form And Line Reference | FORM 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | ORNEST FAMILY FOUNDATION (EIN: 95-4436139)ATTACHMENT TO FORM 990-PF IRC SECTION 4943(H)(3) EXPENDITURE RESPONSIBILITY REPORTTAX YEAR 2024ON MAY 7, 2024, THE ORNEST FAMILY FOUNDATION, A CALIFORNIA NONPROFIT CORPORATION, WHICH IS CLASSIFIED AS A PRIVATE FOUNDATION PURSUANT TO IRC SECTION 509(A) (THE "OFF"), AND THE MICHAEL IRVING ORNEST FAMILY FOUNDATION, A CHARITABLE TRUST CREATED PURSUANT TO THE LAWS OF THE STATE OF CALIFORNIA, WHICH IS CLASSIFIED AS A PRIVATE FOUNDATION PURSUANT TO IRC SECTION 509(A) (THE "MIOFF"), ENTERED INTO A RESTRICTED GRANT AGREEMENT (THE "AGREEMENT"). THE AGREEMENT PROVIDES, IN PART, THAT THE OFF WILL LIQUIDATE CERTAIN MARKETABLE SECURITIES AND DISTRIBUTE THE PROCEEDS TO THE MIOFF (THE "CAPITAL ENDOWMENT GRANT"). THE AGREEMENT FURTHER PROVIDES THAT THE CAPITAL ENDOWMENT GRANT IS TO BE MAINTAINED BY THE MIOFF AS TRUST CORPUS AND THAT THE MIOFF WILL MAKE "QUALIFYING DISTRIBUTIONS" (AS SUCH TERM IS DEFINED IN IRC SECTION 4942(G)) SO AS NOT TO SUBJECT THE MIOFF TO THE EXCISE TAX IMPOSED BY IRC SECTION 4942 WITH RESPECT TO THE FAILURE TO DISTRIBUTE INCOME. THE CAPITAL ENDOWMENT GRANT IS TO BE USED EXCLUSIVELY TO MAKE GRANTS AND LOANS TO TAX-EXEMPT ENTITIES ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF IRC SECTION 501(C)(3). TO ENABLE THE OFF TO SATISFY THE "EXPENDITURE RESPONSIBILITY" REQUIREMENTS IMPOSED BY IRC SECTIONS 4945(D)(4)(B) AND 4945(H), THE AGREEMENT ADDITIONALLY PROVIDES THAT THE MIOFF SHALL PROVIDE TO THE OFF A FULL AND COMPLETE REPORT DETAILING THE MANNER IN WHICH THE CAPITAL ENDOWMENT GRANT FUNDS HAVE BEEN DISTRIBUTED AND THE PROGRESS MADE IN ACCOMPLISHING THE PURPOSES OF THE CAPITAL ENDOWMENT GRANT (THE "REPORT"). PROVIDED THAT THE CRITERIA SET FORTH IN REGULATIONS SECTION 53.4945-5(C)(2) ARE SATISFIED, THE AGREEMENT PROVIDES THAT THE MIOFF SHALL ONLY BE REQUIRED TO PROVIDE THE REPORT TO THE OFF ANNUALLY FOR THE TAXABLE YEAR IN WHICH THE CAPITAL ENDOWMENT GRANT WAS MADE AND THE IMMEDIATELY SUCCEEDING TWO (2) TAXABLE YEARS. THE OFF OFFICERS AND DIRECTORS HAVE REVIEWED THE REPORT PROVIDED BY THE MIOFF FOR TAX YEAR 2024 AND HAVE DETERMINED THAT IT COMPLIES WITH THE EXPENDITURE RESPONSIBILITY REQUIREMENTS IMPOSED BY THE IRC AND THE APPLICABLE REGULATIONS AND WILL ALLOW THE OFF TO PROVIDE THE INFORMATION TO THE IRS REQUIRED BY REGULATIONS SECTION 53.4945-5(D)(2).PURSUANT TO THE INFORMATION AND DOCUMENTATION PROVIDED BY THE MIOFF, THE INFORMATION REQUIRED BY REGULATIONS SECTION 53.4945-5(D)(2) IS SET FORTH BELOW. (I) THE NAME AND ADDRESS OF THE GRANTEE. RESPONSE: MICHAEL IRVING ORNEST FAMILY FOUNDATION, 3172 ABINGTON DRIVE, BEVERLY HILLS, CA 90210.(II) THE DATE AND AMOUNT OF THE GRANT: RESPONSE: THE CAPITAL ENDOWMENT GRANT WAS MADE BY OFF TO THE MIOFF ON MAY 16, 2024 IN THE AMOUNT OF $3,629,172.23.(III) THE PURPOSE OF THE GRANT.RESPONSE: THE CAPITAL ENDOWMENT GRANT WILL ALLOW THE MIOFF TO SEPARATELY PURSUE ITS CHARITABLE INTERESTS AND ENABLE IT TO PROVIDE SUPPORT TO THOSE PUBLIC CHARITIES THAT CLOSELY ALIGN WITH ITS CHARITABLE, EDUCATIONAL, AND PUBLIC INTERESTS.(IV) THE AMOUNTS EXPENDED BY THE GRANTEE (BASED UPON THE MOST RECENT REPORT RECEIVED FROM THE GRANTEE).RESPONSE: DURING TAX YEAR 2024, THE MIOFF DISTRIBUTED A TOTAL OF $80,000 TO THE FOLLOWING CHARITABLE ORGANIZATIONS: (A) DIAMONDS IN THE ROUGH SPORTS, TAFT, CA; (B) HANDS4HOPE LA, N. HOLLYWOOD, CA; (C) LAFD FIRE STATION 99, LOS ANGELES, CA; (D) BEVERLY HILLS ATHLETIC ALUMNI, BEVERLY HILLS, CA; (E) UCLA FOUNDATION, LOS ANGELES, CA; (F) UCLA HERB ALPERT SCHOOL OF MUSIC, LOS ANGELES, CA; AND (G) UNIVERSITY OF NEW HAMPSHIRE, DURHAM, NH.IN ADDITION, THE MIOFF DISTRIBUTED $22,000 AS OFFICER COMPENSATION AND $68,252 FOR PROFESSIONAL FEES INCURRED IN FORMING THE MIOFF (INCLUDING THE PREPARATION OF ITS TRUST AGREEMENT), PREPARING AND SUBMITTING ITS FEDERAL AND CALIFORNIA APPLICATIONS FOR TAX-EXEMPT STATUS, AND PREPARING THE AGREEMENT.(V) WHETHER THE GRANTEE HAS DIVERTED ANY PORTION OF THE FUNDS (OR THE INCOME THEREFROM IN THE CASE OF AN ENDOWMENT GRANT) FROM THE PURPOSE OF THE GRANT (TO THE KNOWLEDGE OF THE GRANTOR).RESPONSE: BASED UPON A REVIEW OF THE DOCUMENTATION PROVIDED BY THE MIOFF, TO THE BEST OF THE KNOWLEDGE OF THE OFFICERS AND DIRECTORS OF THE OFF, THE MIOFF HAS NOT DIVERTED ANY PORTION OF THE FUNDS (OR THE INCOME THEREFROM) FROM THE PURPOSE OF THE CAPITAL ENDOWMENT GRANT.(VI) THE DATES OF ANY REPORTS RECEIVED FROM THE GRANTEE.RESPONSE: THE OFF RECEIVED INFORMATION AND DOCUMENTATION SUBSTANTIATING THE USE OF THE CAPITAL ENDOWMENT GRANT FUNDS ON MAY 7, 2025 AND ON JUNE 20, 2025. (VII) THE DATE AND RESULTS OF ANY VERIFICATION OF THE GRANTEE'S REPORTS UNDERTAKEN PURSUANT TO AND TO THE EXTENT REQUIRED UNDER PARAGRAPH (C)(1) OF THIS SECTION BY THE GRANTOR OR BY OTHERS AT THE DIRECTION OF THE GRANTOR.RESPONSE: BASED UPON A REVIEW OF THE INFORMATION AND DOCUMENTATION PROVIDED BY THE MIOFF TO THE OFF, INCLUDING THE MIOFF'S 2024 FORM 990-PF, THE INFORMATION AND DOCUMENTATION PROVIDED BY THE MIOFF APPEARS TO BE ACCURATE AND RELIABLE AND DOES NOT REQUIRE ANY INDEPENDENT INVESTIGATION BY THE OFF. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS | BondNm |
| EOY Book Value | $306,075 | EOYBookValueAmt |
| EOYFMV | $337,014 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $3,469,742 | EOYBookValueAmt |
| EOYFMV | $6,774,106 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | EXCHANGE TRADED FUNDS | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $251,914 | BookValueAmt |
| EOYFMV | $600,963 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $68,029 | LegalFeesAmt |
| Net Investment Income | $68,029 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISTRIBUTION OF ASSETS TO THE MICHAEL IRVING ORNEST FAMILY FNDN 99-1235502 | Desc |
| Amt | $3,629,172 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $25,442 | $25,442 | $0 |
| STORAGE | $1,486 | $0 | $1,486 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS (VOIDED CHECKS NOT RE-ISSUED) | Desc |
| Revenue And Expenses Per Books | $31,672 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $31,672 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| UNITED STATES TREASURY | $6,000 | $0 | $0 |
| FOREIGN TAX WITHELD ON DIVIDEND INCOME | $274 | $274 | $0 |