QUITIPLAS FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- QUITIPLAS FOUNDATION (EIN 26-1622017)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201333199349100988
- Schema version
- 2012v2.2
- 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
- Schedule B
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T01:24:19-00:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Lane Suite 212 | AddressLine1 |
| City | Lake Success | City |
| State | NY | State |
| ZIP Code | 11042 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261622017 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Quitiplas Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | QUIT | NameControl |
| Phone | 8008391754 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Thomas M Scruggs Jr | Name |
| Title | President | Title |
| Date Signed | 2013-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2013-11-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 12057765 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 1510000 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 614 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 614 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 319363 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 318326 | DividendsNetInvstIncm |
| Net Rental Income Or Loss | -125786 | NetRentalIncomeOrLoss |
| Net Gain Sale Assets Rev And Expnss | -529294 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 5219717 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 52008 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 67623 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 1352691 | TotalRevenueAndExpenses |
| Total Net Investment Income | 386563 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 24551 | LegalFeesRevAndExpnss |
| Legal Fees Dsbrs Chrtbl Prps | 24551 | LegalFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 52364 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 48103 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 4261 | OtherProfFeesDsbrsChrtblPrps |
| Interest Rev And Expnss | 80715 | InterestRevAndExpnss |
| Interest Net Invst Incm | 6312 | InterestNetInvstIncm |
| Interest Dsbrs Chrtbl Prps | 73996 | InterestDsbrsChrtblPrps |
| Taxes Rev And Expnss | 32989 | TaxesRevAndExpnss |
| Taxes Dsbrs Chrtbl Prps | 23395 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 14181 | DeprecAndDepletionRevAndExpnss |
| Occupancy Rev And Expnss | 7200 | OccupancyRevAndExpnss |
| Occupancy Dsbrs Chrtbl Prps | 7200 | OccupancyDsbrsChrtblPrps |
| Trav Conf Meeting Rev And Expnss | 1060 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Net Invst Incm | 1060 | TravConfMeetingNetInvstIncm |
| Other Expenses Rev And Expnss | 118334 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 79544 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 38782 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 331394 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 135019 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 172185 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 1440008 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 1440008 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 1771402 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 135019 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1612193 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -418711 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 251544 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 3740250 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 2883787 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 2883787 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 660945 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 3174507 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 3165554 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 3097060 | InvestmentsCorpBondsBOY |
| Investments Other BOY | 3301045 | InvestmentsOtherBOY |
| Investments Other EOY | 4553084 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 4671488 | InvestmentsOtherEOYFMV |
| Land Building And Equipment Basis | 1351117 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 14181 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment EOY | 1336936 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 1336936 | LandBuildingAndEquipmentEOYFMV |
| Total Assets BOY | 10799300 | TotalAssetsBOY |
| Total Assets EOY | 11948314 | TotalAssetsEOY |
| Total Assets EOYFMV | 12057765 | TotalAssetsEOYFMV |
| Mortgages And Notes Payable EOY | 1500000 | MortgagesAndNotesPayableEOY |
| Other Liabilities EOY | 67725 | OtherLiabilitiesEOY |
| Total Liabilities EOY | 1567725 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 10799300 | RetainedEarningsBOY |
| Retained Earnings EOY | 10380589 | RetainedEarningsEOY |
| Total Net Assets BOY | 10799300 | TotalNetAssetsBOY |
| Total Net Assets EOY | 10380589 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 10799300 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 11948314 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 10799300 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -418711 | ExcessOfRevenueOverExpenses |
| Subtotal | 10380589 | Subtotal |
| Total Net Assets Fund Balances EOY | 10380589 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)
| Description Of AssetDescriptionOfAsset | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|
| Publicly-traded securities | 5219717 | 5701984 | -482267 | -482267 |
| Passthrough K1 Capital Gain | 12050 | 12050 | ||
| Loss on Futures | -59467 | -59467 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -529684 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 1035268 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 10027074 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.103247 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 1045593 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 10444073 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 000.100114 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 891815 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 11119347 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 000.080204 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 655333 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 9254261 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 000.070814 | DistributionRatioYear4 |
| Total Distribution Ratio | 000.354379 | TotalDistributionRatio |
| Average Distribution Ratio | 000.070876 | AverageDistributionRatio |
| Net Noncharitable Assets | 10735260 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 760872 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 2515 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 763387 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 2963310 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 2515 | InvestmentIncomeExciseTax |
| Subtotal | 2515 | Subtotal |
| Tax Based On Investment Income | 2515 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 4000 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 2000 | TaxPaidWithExtension |
| Total Credits And Payments | 6000 | TotalCreditsAndPayments |
| Tax Paid Original Return | 6000 | TaxPaidOriginalReturn |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 2 | PenaltyForUnderpayment |
| Overpayment | 3483 | Overpayment |
| Amount Credited To Next Year | 3483 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | true | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | true | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | CA | StatesFiledWith |
| States Filed With | DE | StatesFiledWith |
| States Filed With | MD | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | true | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | Thomas M Scruggs Jr | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Ste 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 19809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Pres/Sec/Dir | Title |
| Avg Hours Per Wk Devoted To Position | 020.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 6541598 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 2934971 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 1523354 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 10999923 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 101182 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 10898741 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 163481 | CashDeemedCharitable |
| Net Noncharitable Assets | 10735260 | NetNoncharitableAssets |
| Minimum Investment Return | 536763 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 536763 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 2515 | TaxBasedOnInvestmentIncome |
| Total Tax | 2515 | TotalTax |
| Distributable Amount Before Adj | 534248 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 534248 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 534248 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1612193 | ExpensesAndContributions |
| Amounts Paid Acq Charitable Assets | 1351117 | AmountsPaidAcqCharitableAssets |
| Qualifying Distributions | 2963310 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 2515 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 2960795 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 534248 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year4 | 236450 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 342946 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 530229 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 543347 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 1652972 | TotalExcessDistriCarryover |
| Qualifying Distributions | 2963310 | QualifyingDistributions |
| Applied To Current Year | 534248 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 2429062 | RemainingDistriFromCorpus |
| Total Corpus | 4082034 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 4082034 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 236450 | ExcessFromYear4 |
| Excess From Year3 | 342946 | ExcessFromYear3 |
| Excess From Year2 | 530229 | ExcessFromYear2 |
| Excess From Year1 | 543347 | ExcessFromYear1 |
| Excess From Current Year | 2429062 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Thomas M Scruggs Jr | ContributingManager |
| Shareholder Manager | NONE | ShareholderManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (39 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| A J MUSTE MEMORIAL INSTITUTE | |||||||
| 339 LAFAYETTE ST | NEW YORK | NY | 10012 | N/A | 509a1 | General Unrestricted | $1,000 |
| A JEWISH VOICE FOR PEACE INC | |||||||
| 1611 TELEGRAPH AVE | OAKLAND | CA | 94612 | N/A | 509a1 | General Unrestricted | $1,000 |
| ALLIANCE FOR GLOBAL JUSTICE | |||||||
| 1247 E ST SE | WASHINGTON | DC | 20003 | N/A | 509a1 | Courage to Resist Bradley Manning Support Network | $1,000 |
| ALLIANCE FOR GLOBAL JUSTICE | |||||||
| 1247 E ST SE | WASHINGTON | DC | 20003 | N/A | 509a1 | Nicaragua News Service | $500 |
| CENTER FOR CUBAN STUDIES INC | |||||||
| 231 W 29TH ST 4TH FL | NEW YORK | NY | 10001 | N/A | 509a2 | General Unrestricted | $500 |
| AMERICANS UNITED - SEP OF CHURCH & STATE | |||||||
| 1301 K ST NW STE 850E | WASHINGTON | DC | 20005 | N/A | 509a1 | General Unrestricted | $1,000 |
| CENTER FOR ECONOMIC AND POLICY RESEARCH | |||||||
| 1611 CONNECTICUT AVE NW NO 400 | WASHINGTON | DC | 20009 | N/A | 509a1 | General Unrestricted | $500,000 |
| CISPES EDUCATION FUND | |||||||
| 1525 NEWTON ST NW | WASHINGTON | DC | 20010 | N/A | 509a1 | General Unrestricted | $1,000 |
| COMMON DREAMS INC | |||||||
| PO BOX 443 | PORTLAND | ME | 04112 | N/A | 509a1 | General Unrestricted | $1,000 |
| COUNCIL FOR SECULAR HUMANISM INC | |||||||
| 3965 RENSCH RD | AMHERST | NY | 14228 | N/A | 509a2 | General Unrestricted | $1,000 |
| CROSSROADS FUND | |||||||
| 3411 W DIVERSEY AVE STE 20 | CHICAGO | IL | 60647 | N/A | 509a1 | General Unrestricted | $500 |
| CULTURAL SURVIVAL INC | |||||||
| 215 PROSPECT ST | CAMBRIDGE | MA | 02139 | N/A | 509a1 | Xavante News Dissemination and General Unrestricted | $15,000 |
| FOUNDATION FOR NATIONAL PROGRESS | |||||||
| 222 SUTTER ST STE 600 | SAN FRANCISCO | CA | 94108 | N/A | 509a2 | Charitable Event | $2,500 |
| FOUNDATION FOR NATIONAL PROGRESS | |||||||
| 222 SUTTER ST STE 600 | SAN FRANCISCO | CA | 94108 | N/A | 509a2 | General Unrestricted | $1,000 |
| GLOBAL LEFT FORUM INC | |||||||
| 365 5TH AVE STE 6115 | NEW YORK | NY | 10016 | N/A | 509a1 | General Unrestricted | $500 |
| GREENPEACE FUND INC | |||||||
| 702 H ST NW STE 300 | WASHINGTON | DC | 20001 | N/A | 509a1 | General Unrestricted | $1,000 |
| INDEPENDENT MEDIA INSTITUTE | |||||||
| 1881 HARMON ST | BERKELEY | CA | 94703 | N/A | 509a1 | General Unrestricted | $1,000 |
| INDEPENDENT WORLD TELEVISION INC | |||||||
| 234 HOLLIDAY ST | BALTIMORE | MD | 21202 | N/A | 509a1 | Support Refurbishing of New Buildings in Baltimore Maryland | $237,758 |
| INDEPENDENT WORLD TELEVISION INC | |||||||
| 234 HOLLIDAY ST | BALTIMORE | MD | 21202 | N/A | 509a1 | First of Three Installments for Additional Construction on Baltimore Building | $100,000 |
| INDEPENDENT WORLD TELEVISION INC | |||||||
| 234 HOLLIDAY ST | BALTIMORE | MD | 21202 | N/A | 509a1 | General Unrestricted | $330,000 |
| INSTITUTE FOR PUBLIC AFFAIRS | |||||||
| 2040 N MILWAUKEE 2ND FL | CHICAGO | IL | 60647 | N/A | 509a1 | General Unrestricted | $5,000 |
| INSTITUTE FOR SOCIAL AND CULTURAL COMMUNICATIONS INC | |||||||
| 18 MILLFIELD ST | WOODS HOLE | MA | 02543 | N/A | 509a1 | General Unrestricted | $5,000 |
| INSTITUTE FOR THE ADVANCEMENT OF JOURNALISTIC CLARITY dba COUNTER PUNCH | |||||||
| PO BOX 228 | PETROLIA | CA | 95558 | N/A | 509a1 | Save CounterPunch From Being Disappeared | $10,000 |
| INSTITUTE FOR THE ADVANCEMENT OF JOURNALISTIC CLARITY dba COUNTER PUNCH | |||||||
| PO BOX 228 | PETROLIA | CA | 95558 | N/A | 509a1 | General Unrestricted | $5,000 |
| JUST FOREIGN POLICY | |||||||
| 4410 MASSACHUSETTS AVE NW 290 | WASHINGTON | DC | 20016 | N/A | 509a1 | General Unrestricted | $160,000 |
| LEAGUE TO SAVE LAKE TAHOE | |||||||
| 2608 LAKE TAHOE BLVD | S LAKE TAHOE | CA | 96150 | N/A | 509a2 | General Unrestricted | $500 |
| MEDIA FREEDOM FOUNDATION | |||||||
| PO BOX 571 | COTATI | CA | 94931 | N/A | 509a1 | General Unrestricted | $5,000 |
| MONTHLY REVIEW FOUNDATION | |||||||
| 146 W 29TH ST RM 6W | NEW YORK | NY | 10001 | N/A | 509a2 | General Unrestricted | $5,000 |
| NORTH AMERICAN CONGRESS ON LATIN AMERICA | |||||||
| 53 WASHINGTON SQ S FL 4W | NEW YORK | NY | 10012 | N/A | 509a2 | General Unrestricted | $30,000 |
| PACIFICA REPORTERS AGAINST CENSORSHIP | |||||||
| PO BOX 381 | TOLEDO | OR | 97391 | N/A | 509a2 | General Unrestricted | $1,000 |
| POSITIVE FUTURES NETWORK | |||||||
| 284 MADRONA WAY NE STE 116 | BAINBRIDGE IS | WA | 98110 | N/A | 509a1 | General Unrestricted | $1,000 |
| PROGRESSIVE INC | |||||||
| 409 E MAIN ST | MADISON | WI | 53703 | N/A | 509a2 | General Unrestricted | $5,000 |
| PROMETHEUS RADIO PROJECT | |||||||
| PO BOX 42158 | PHILADELPHIA | PA | 19101 | N/A | 509a2 | General Unrestricted | $1,000 |
| PUBLIC INTEREST PICTURES INCORPORATED | |||||||
| 612 FLOWER AVE | VENICE | CA | 90291 | N/A | 509a1 | General Unrestricted | $1,000 |
| SIERRA CLUB FOUNDATION | |||||||
| 85 2ND ST STE 750 | SAN FRANCISCO | CA | 94105 | N/A | 509a1 | General Unrestricted | $1,000 |
| TRUTHOUT | |||||||
| PO BOX 276414 | SACRAMENTO | CA | 95827 | N/A | 509a1 | Culinary Outreach to Past and Potential Donors | $250 |
| TRUTHOUT | |||||||
| PO BOX 276414 | SACRAMENTO | CA | 95827 | N/A | 509a1 | General Unrestricted | $1,000 |
| TRUTHOUT | |||||||
| PO BOX 276414 | SACRAMENTO | CA | 95827 | N/A | 509a1 | General Unrestricted | $1,000 |
| VENEZUELA ANALYSIS | |||||||
| 148 HARRISON AVE | HARRISON | NY | 10528 | N/A | 509a1 | General Unrestricted | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 1440008 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $614 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 525990 | BusinessCode |
| Unrelated Business Income | $1,037 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $318,326 | ExclusionAmount |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 16 | ExclusionCode |
| Exclusion | -$125,786 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 525990 | BusinessCode |
| Unrelated Business Income | $390 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$529,684 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Passthrough K-1 Income | Description |
| Business Code | 525990 | BusinessCode |
| Unrelated Business Income | -$15,615 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $67,623 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | -$14,188 | UnrelatedBusinessIncomeAmount |
| Exclusion | -$268,907 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -283095 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType |
|---|---|---|---|---|---|---|---|
| 1 | Thomas M Scruggs Jr | 14 Maybeck Twin Drive | Berkeley | CA | 94708 | 1500000 | X |
| 2 | Independent World Television Inc | 234 Holliday St 605 | Baltimore | MD | 21202 | 10000 | X |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Property | 231-235 HOLLIDAY ST - BUILDINGS IMPROVEMENTS | DescriptionOfProperty |
| Date Acquired | 2012-04-30 | DateAcquired |
| Cost Or Other Basis | 833813 | CostOrOtherBasis |
| Computation Method | Straight-line | ComputationMethod |
| Rate | 0000000039.500000000000 | Rate |
| Current Year Expense | 14181 | CurrentYearExpense |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (4 entries)
| NameName | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|
| Publicly-traded securities | 5219717 | 5701984 | -482267 |
| Passthrough K1 Capital Gain | 12050 | ||
| Loss on Futures | -59467 | ||
| Passthrough UBI Capital Gain | 390 |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (18 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 490000 shares of ADVANCED CELL TECHNOLOGIES INC ACTC | 50297 | 27293 |
| 522 shares of AMAZON.COM INC AMZN | 100349 | 130954 |
| 252 shares of APPLE INC. AAPL | 151152 | 134108 |
| 48915 shares of CHIMERA INVESTMENT CIM | 151063 | 127668 |
| 1470 shares of CITIGROUP INC | 49961 | 58153 |
| 80000 shares of CITIGROUP FUNDING INC CONTIGENT ROS SPX OTC | 800000 | 812800 |
| 4330 shares of CITIZENS INC CIA | 48852 | 47847 |
| 2400 shares of IMMUNOCELLULAR THERAPEUTICS IMUC | 6250 | 4608 |
| 3649 shares of INTEL CORP INTC | 100065 | 75242 |
| 14721 shares of iSHARES INC ETF EEMA | 812603 | 847783 |
| 25071 shares of iSHARES TRUST MSCI EURO FINL EUFN | 445517 | 496406 |
| 101000 shares of LEGEND OIL AND GAS LOGL | 99478 | 6060 |
| 2550 shares of LOWES COS INC LOW | 50192 | 90576 |
| 853 shares of NETFLIX.COM INC NFLX | 99982 | 78979 |
| 28410 shares of RENTECH INC RTK | 50012 | 74718 |
| 1850 shares of ROCKWOOD HOLDINGS ROC | 99577 | 91501 |
| 37600 shares of RODINA LITHIUM INC RDNAF | 8906 | 5922 |
| 1720 shares of US BANCORP USB | 50251 | 54936 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (8 entries)
| Category Or ItemCategoryOrItem | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|
| ENTERPRISE PRODUCTS PARTNERS LP EPD | 127137 | 151091 |
| GREEN LANTERN, INC. | 120000 | 120000 |
| OPEN CURRENCY FUTURES | 141360 | 141360 |
| SANDRIDGE MISSISSIPPIAN TRUST I SDT | 46435 | 23756 |
| UBS GAVEA FUND LLC | 1044442 | 1041706 |
| REPUBLIC OF ARGENTINA SECUR SER V 8.75 06/02/17 | 579380 | 663750 |
| REPUBLIC OF VENEZUELA 10.75 Due 09-19-13 | 1989330 | 2055000 |
| GS INVESTMENT PARTNERS LLC | 505000 | 474825 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc (3 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|---|
| 231-235 HOLLIDAY ST - BUILDINGS | 817543 | 13949 | 803594 | 803594 |
| 231-235 HOLLIDAY ST - IMPROVEMENTS | 16269 | 232 | 16037 | 16037 |
| 231-235 HOLLIDAY ST - LAND | 517305 | 517305 | 517305 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees - Charitable-Use Building Purchase | Category |
| Amount | $24,551 | Amount |
| Disbursements Charitable Prps | 24551 | DisbursementsCharitablePrps |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Mortgage | $1,500,000 | TotalMortgageAmount |
Note Payable NotePayable (2 entries)
| Relationship To InsiderRelationshipToInsider | Original Amount Of LoanOriginalAmountOfLoan | Balance DueBalanceDue | Date Of NoteDateOfNote | Maturity DateMaturityDate | Repayment TermsRepaymentTerms | Interest RateInterestRate | Security Provided By BorrowerSecurityProvidedByBorrower | Purpose Of LoanPurposeOfLoan | Desc Of Lender ConsiderationDescOfLenderConsideration | Consideration FmvConsiderationFmv |
|---|---|---|---|---|---|---|---|---|---|---|
| ARCADIA FINANCE COMPANY LLC | ||||||||||
| None | 1000000 | 1000000 | 2012-04 | 2015-04 | Monthly Interest Payments | 0000000000.070000000000 | Liens | Building Purchase | Cash | 1000000 |
| J FILM LLC | ||||||||||
| None | 500000 | 500000 | 2012-04 | 2015-04 | Monthly Interest Payments | 0000000000.070000000000 | Liens | Building Purchase | Cash | 500000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (9 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| Administrative Fees | 20000 | 20000 | |
| State Filing Fees | 25 | 25 | |
| K-1 expenses UBS Gavea Fund LLC | 77417 | 77417 | |
| K-1 expenses Sandridge Mississippian Trust I | 2127 | 2127 | |
| K-1 expenses Enterprise Products Partners LP | 8 | ||
| Property Insurance - charitable-use building | 8684 | 8684 | |
| Other closing expenses | 8803 | 8803 | |
| Loan payment late fee | 292 | 292 | |
| Utilities - charitable-use building | 978 | 978 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Passthrough K-1 income UBS Gavea Fund LLC | 65558 | 65358 |
| Passthrough K-1 loss Enterprise Products Partners LP | -16034 | -219 |
| Passthrough K-1 income Sandridge Mississippian Trust I | 2484 | 2484 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | EOY Book ValueEOYBookValue |
|---|---|
| Open Currency Futures | 12600 |
| Open Options | 55125 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| Investment Management Fees | $48,103 | 48103 | |
| Appraisal Services | $2,700 | 2700 | |
| Security System Install and Service | $1,561 | 1561 |
Taxes Schedule TaxesSchedule
Taxes Taxes (4 entries)
| CategoryCategory | AmountAmount | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| Excise Tax 2011 | $4,025 | |
| Excise Tax 2012 | $4,000 | |
| UBTI Tax 2011 | $1,569 | |
| Property Taxes - Charitable-Use Building | $23,395 | 23395 |