efile Public Visual Render
ObjectId: 202343199349101459 - Submission: 2023-11-15
TIN: 51-0203866
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
22
Open to Public Inspection
For calendar year 2022, or tax year beginning
01-01-2022
, and ending
12-31-2022
Name of foundation
A L MAILMAN FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
711 WESTCHESTER AVENUE LL02
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WHITE PLAINS
,
NY
10604
A Employer identification number
51-0203866
B
Telephone number (see instructions)
(914) 269-0942
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
17,090,075
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
340,869
340,869
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
75,315
b
Gross sales price for all assets on line 6a
3,769,051
7
Capital gain net income (from Part IV, line 2)
...
75,275
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
List of Attached Documents:
// Content
-6,694
-2,370
12
Total.
Add lines 1 through 11
........
409,490
413,774
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
List of Attached Documents:
// Content
20,000
10,000
10,000
c
Other professional fees (attach schedule)
....
List of Attached Documents:
// Content
113,023
83,023
30,000
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
List of Attached Documents:
// Content
19,799
5,171
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
List of Attached Documents:
// Content
12,042
33
11,970
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
164,864
98,227
51,970
25
Contributions, gifts, grants paid
.......
837,150
837,150
26
Total expenses and disbursements.
Add lines 24 and 25
1,002,014
98,227
889,120
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-592,524
b
Net investment income
(if negative, enter -0-)
315,547
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2022)
Page 2
Form 990-PF (2022)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
256,912
101,223
101,223
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
12,514
25,181
25,181
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
12,785,979
List of Attached Documents:
// Content
9,909,047
9,909,047
c
Investments—corporate bonds (attach schedule)
.......
4,935,602
List of Attached Documents:
// Content
4,408,874
4,408,874
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
1,952,890
List of Attached Documents:
// Content
2,459,944
2,459,944
14
Land, buildings, and equipment: basis
8,606
Less: accumulated depreciation (attach schedule)
8,606
15
Other assets (describe
)
List of Attached Documents:
// Content
186,749
List of Attached Documents:
// Content
185,806
List of Attached Documents:
// Content
185,806
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
20,130,646
17,090,075
17,090,075
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
20,130,646
17,090,075
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
20,130,646
17,090,075
30
Total liabilities and net assets/fund balances
(see instructions)
.
20,130,646
17,090,075
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
20,130,646
2
Enter amount from Part I, line 27a
.....................
2
-592,524
3
Other increases not included in line 2 (itemize)
List of Attached Documents:
// Content
3
20,877
4
Add lines 1, 2, and 3
..........................
4
19,558,999
5
Decreases not included in line 2 (itemize)
List of Attached Documents:
// Content
5
2,468,924
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
17,090,075
Form
990-PF
(2022)
Page 3
Form 990-PF (2022)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
PUBLICLY TRADED SECURITIES
P
b
PUBLICLY TRADED SECURITIES
P
c
K-1 SOUTHOCEAN PRIVATE CREDIT PARTNERS, LP
P
d
K-1 RETHINK EDUCATION II LP
P
e
K-1 RETHINK EDUCATION LP
P
K-1 RETHINK EDUCATION LP
P
K-1 RETHINK IMPACT, LP
P
K-1 SOUTHOCEAN PRIVATE CREDIT PARTNERS, LP
P
LESS: UBT INCOME FROM K-1 RETHINK EDUCATION II LP
P
LESS: UBT INCOME FROM K-1 RETHINK IMPACT
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
1,714,939
1,884,625
-169,686
b
2,054,112
1,872,506
181,606
c
3,188
d
1,617
e
-2,819
59,013
1,469
927
25
-25
15
-15
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
-169,686
b
181,606
c
3,188
d
1,617
e
-2,819
59,013
1,469
927
-25
-15
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
75,275
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Form
990-PF
(2022)
Page 4
Form 990-PF (2022)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
1
4,386
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
4,386
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
4,386
6
Credits/Payments:
a
2022 estimated tax payments and 2021 overpayment credited to 2022
6a
13,184
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
..........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
13,184
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2221 is attached.
List of Attached Documents:
// Content
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
8,798
11
Enter the amount of line 10 to be:
Credited to 2023 estimated tax
8,798
Refunded
11
0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
NY
,
FL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2022)
Page 5
Form 990-PF (2022)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
THE FOUNDATION
Telephone no.
(914) 269-0942
Located at
711 WESTCHESTER AVE SUITE LL02
WHITE PLAINS
NY
ZIP+4
10604
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2022 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022?
..
4b
No
Form
990-PF
(2022)
Page 6
Form 990-PF (2022)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
RICHARD D SEGAL
PRESIDENT/TRUSTEE
5.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
WENDY MASI
CHAIRMAN
5.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
MONIQUE ATKINS
SECRETARY AND TREASURER
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
AMY HEPBURN
EXECUTIVE DIRECTOR
3.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
PATRICIA LIEBERMAN
TRUSTEE
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
RACHEL MASI
TRUSTEE
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
KATI MASI
TRUSTEE (FROM 1/1/22)
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
ARRAN BARDIGE
TRUSTEE
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
MYLA KORI BARDIGE
TRUSTEE
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
THOMAS SEGAL
TRUSTEE
2.00
0
0
0
711 WESTCHESTER AVE
WHITE PLAINS
,
NY
10604
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2022)
Page 7
Form 990-PF (2022)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
PERSHING LLC
INVESTMENT MANAGEMENT SERVICE
62,423
ONE PERSHING PLAZA
JERSEY CITY
,
NJ
07399
Total
number of others receiving over $50,000 for professional services
.............
0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
HONEYCOMB CREDIT HELPS LOCAL BUSINESSES THAT ARE OPERATED BY MINORITY FOUNDERS TO RAISE CAPITAL, MOST OFTEN FOR EQUIPMENT AND/OR REAL ESTATE IMPROVEMENTS. THIS IS DONE VIA SHORT-TERM LOANS WHERE FOUNDATION OR NONPROFIT CAPITAL IS MATCHED BY ACTUAL CUSTOMERS IN DIGITAL FUNDRAISE CAMPAIGNS, FILLING A GAP THAT HAS BEEN OPENED BY A SHRINKING REGIONAL BANK PRESENCE ACROSS THE UNITED STATES. HONEYCOMB ALSO HELPS EACH BUSINESS THAT RUNS A SUCCESSFUL FUNDRAISING CAMPAIGN TO CREATE TEMPLATED SOCIAL MEDIA MARKETING STRATEGIES AND BUILD A STRONGER RELATIONSHIP WITH THEIR LOCAL COMMUNITY AND POTENTIAL/EXISTING PATRONS.
150,000
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
150,000
Form
990-PF
(2022)
Page 8
Form 990-PF (2022)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
15,585,173
b
Average of monthly cash balances
.......................
1b
172,408
c
Fair market value of all other assets (see instructions)
................
1c
2,609,944
d
Total
(add lines 1a, b, and c)
.........................
1d
18,367,525
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
18,367,525
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
275,513
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
18,092,012
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
904,601
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
904,601
2a
Tax on investment income for 2022 from Part V, line 5
.......
2a
4,386
b
Income tax for 2022. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
4,386
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
900,215
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
900,215
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
900,215
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
889,120
b
Program-related investments—total from Part VIII-B
..................
1b
150,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
.......
4
1,039,120
Form
990-PF
(2022)
Page 9
Form 990-PF (2022)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2021
(c)
2021
(d)
2022
1
Distributable amount for 2022 from Part X, line 7
900,215
2
Undistributed income, if any, as of the end of 2022:
a
Enter amount for 2021 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2022:
a
From 2017
......
199,723
b
From 2018
......
102,210
c
From 2019
......
65,176
d
From 2020
......
e
From 2021
......
f
Total
of lines 3a through e
........
367,109
4
Qualifying distributions for 2022 from Part
XI, line 4:
$
1,039,120
a
Applied to 2021, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2022 distributable amount
.....
900,215
e
Remaining amount distributed out of corpus
138,905
5
Excess distributions carryover applied to 2022.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
506,014
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions)
...
199,723
9
Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a
......
306,291
10
Analysis of line 9:
a
Excess from 2018
....
102,210
b
Excess from 2019
....
65,176
c
Excess from 2020
....
d
Excess from 2021
....
e
Excess from 2022
....
138,905
Form
990-PF
(2022)
Page 10
Form 990-PF (2022)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2022
(b)
2021
(c)
2020
(d)
2019
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2022)
Page 11
Form 990-PF (2022)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
A HOLE IN THE ROOF FOUNDATION
29836 TELEGRAPH ROAD
SOUTHFIELD
,
MI
48034
N/A
PC
GENERAL SUPPORT
20,000
ACTION FOR THE CLIMATE EMERGENCY
529 MAIN STREET SUITE 200
CHARLESTOWN
,
MA
02129
N/A
PC
GENERAL SUPPORT
35,000
BILL HILLARY AND CHELSEA CLINTON FOUNDATION TOO SMALL TO FAIL
1200 PRESIDENT CLINTON AVENUE
LITTLE ROCK
,
AR
72201
N/A
PC
GENERAL SUPPORT
25,000
BRAZELTON TOUCHPOINTS FOUNDATION
1295 BOYLSTON STREET
BOSTON
,
MA
022153407
N/A
PC
GENERAL SUPPORT
20,000
BRENNAN CENTER STRATEGIC FUND INC
120 BROADWAY SUITE 1750
NEW YORK
,
NY
10271
N/A
PC
GENERAL SUPPORT
20,000
BROADWAY HOUSING COMMUNITIES
898 ST NICHOLAS AVENUE
NEW YORK
,
NY
10032
N/A
PC
GENERAL SUPPORT
20,000
CHRIS WILSON FOUNDATION
34 EAST 25TH STREET
BALTIMORE
,
MD
21218
N/A
PC
GENERAL SUPPORT
65,000
CIVICS UNPLUGGED
335 MADISON AVENUE 4TH FLOOR
NEW YORK
,
NY
10173
N/A
PC
GENERAL SUPPORT
40,000
FOUNDERY INC
207 SOUTH CENTRAL AVENUE
BALTIMORE
,
MD
21202
N/A
PC
GENERAL SUPPORT
5,000
GIRL RISING
29 VERANDAH PLACE
BROOKLYN
,
NY
11201
N/A
PC
GENERAL SUPPORT
20,000
HEALTHY HUMOR INC
17 STATE STREET SUITE 4000
NEW YORK
,
NY
10004
N/A
PC
GENERAL SUPPORT
20,000
INTERNEWS NETWORKS
PO BOX 4448
ARCATA
,
CA
955184448
N/A
PC
GENERAL SUPPORT
15,000
JOE DIMAGGIO CHILDREN'S HOSPITAL FOUNDATION
3329 JOHNSON STREET
HOLLYWOOD
,
FL
33021
N/A
PC
SUPPORT FOR LOVE JEN ENDOWMENT
25,000
KIDIZENSHIP
18000 W 9 MILE ROAD SUITE 360
SOUTHFIELD
,
MI
48034
N/A
PC
GENERAL SUPPORT
15,000
KIND (KIDS IN NEED OF DEFENSE)
1201 L STREET NW 2ND FLOOR
WASHINGTON
,
DC
20005
N/A
PC
GENERAL SUPPORT
75,000
LAST MILE EDUCATION FUND
2770 ARAPAHOE ROAD SUITE 132-512
LAFAYETTE
,
CO
80026
N/A
PC
GENERAL SUPPORT
15,000
LOVEWELL INSTITUTE FOR THE CREATIVE ARTS
401 E LAS OLAS BOULEVARD SUITE
130-606
FT LAUDERDALE
,
FL
33301
NONE
PC
SUPPORT FOR LOVE JEN ENDOWMENT
10,000
NATIONAL ORGANIZATION FOR RARE DISORDERS
55 KENOSIA AVENUE
DANBURY
,
CT
06810
N/A
PC
GENERAL SUPPORT
10,000
NEIGHBORHOOD VILLAGES
64 SIGOURNEY STREET
JAMAICA PLAIN
,
MA
02130
N/A
PC
GENERAL SUPPORT
45,000
NEW GEORGIA PROJECT
830 GLENWOOD AVENUE SE SUITE
510-221
ATLANTA
,
GA
30316
N/A
PC
GENERAL SUPPORT
36,000
NEW YORK ABORTION ACCESS FUND
FDR STATION BOX 7569
NEW YORK
,
NY
10150
N/A
PC
GENERAL SUPPORT
10,000
NEW YORK IMMIGRATION COALITION
131 W 33RD STREET SUITE 610
NEW YORK
,
NY
10001
N/A
PC
GENERAL SUPPORT
25,000
NEW YORK OPPORTUNITY NETWORK INC
85 BROAD STREET SUITE 6
NEW YORK
,
NY
10004
N/A
PC
GENERAL SUPPORT
10,000
PANORAMA GLOBAL
2104 4TH AVENUE SUITE 2100
SEATTLE
,
WA
98121
N/A
PC
GENERAL SUPPORT
30,000
PHILANTHROPY NEW YORK INC
320 EAST 43RD STREET
NEW YORK
,
NY
10017
N/A
PC
GENERAL SUPPORT
1,150
PLAN A HEALTH INC
PO BOX 20066
NEW YORK
,
NY
10025
N/A
PC
GENERAL SUPPORT
15,000
SANDY HOOK PROMISE FOUNDATION
PO BOX 3489
NEWTOWN
,
CT
06470
N/A
PC
GENERAL SUPPORT
10,000
SAVE THE CHILDREN FEDERATION INC
501 KINGS HIGHWAY SUITE 400
FAIRFIELD
,
CT
06825
N/A
PC
GENERAL SUPPORT
50,000
SERIOUS FUN CHILDREN'S NETWORK GLOBAL
228 SAUGATUCK AVENUE
WESTPORT
,
CT
06880
N/A
PC
GENERAL SUPPORT
15,000
SHARING SHELF
47 PURDY AVENUE
PORT CHESTER
,
NY
10573
N/A
PC
GENERAL SUPPORT
10,000
SMART FROM THE START INC
68 ANNUNCIATION ROAD
ROXBURY
,
MA
02120
N/A
PC
GENERAL SUPPORT
25,000
SOLA (SCHOOL OF LEADERSHIP AFGHANISTAN)
470 ATLANTIC AVENUE 4TH FLOOR
BOSTON
,
MA
02210
N/A
PC
GENERAL SUPPORT
15,000
THE NEW YORK COMMUNITY TRUST
909 THIRD AVENUE 22ND FLOOR
NEW YORK
,
NY
10022
N/A
PC
GENERAL SUPPORT
25,000
VALUES UNITED DBA WHISTLEBLOWER FUND
1250 CONNECTICUT AVENUE NW SUITE
700
WASHINGTON
,
DC
20036
N/A
PC
GENERAL SUPPORT
25,000
WISER INTERNATIONAL
PO BOX 3186
DURHAM
,
NC
27715
N/A
PC
GENERAL SUPPORT
10,000
WOMENONE
19 E 88TH STREET SUITE 9C
NEW YORK
,
NY
10128
N/A
PC
GENERAL SUPPORT
10,000
WORLD BICYCLE RELIEF
1000 WEST FULTON MARKET 4TH FLOOR
CHICAGO
,
IL
60607
N/A
PC
GENERAL SUPPORT
15,000
Total
.................................
3a
837,150
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2022)
Page 12
Form 990-PF (2022)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
340,869
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
901101
40
18
75,275
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
CLASS ACTION SETTLEMENT
14
3,906
b
NEW LAB INVESTOR GROUP LLC
901101
-4,235
14
102
c
RETHINK EDUCATION LP
14
-2,014
d
RETHINK EDUCATION II LP
901101
-359
14
-3,873
e
RETHINK IMPACT LP
901101
-7
14
-4,829
f
SOUTHOCEAN PRIVATE CREDIT PARTNERS LP
901101
441
14
4,174
12
Subtotal. Add columns (b), (d), and (e)
..
-4,120
413,610
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
409,490
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2022)
Page 13
Form 990-PF (2022)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2023-11-14
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
SUE ROBISON
Preparer's Signature
Date
Check if self-
employed
PTIN
P00560072
Firm's name
RSM US LLP
Firm's EIN
42-0714325
Firm's address
4 TIMES SQUARE
NEW YORK
,
NY
10036
Phone no.
(206) 281-4444
Form
990-PF
(2022)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description