efile Public Visual Render
ObjectId: 202320129349100122 - Submission: 2023-01-12
TIN: 13-3647019
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
21
Open to Public Inspection
For calendar year 2021, or tax year beginning
01-01-2021
, and ending
12-31-2021
Name of foundation
THE FB HERON FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
PO BOX 996
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW MILFORD
,
CT
06776
A Employer identification number
13-3647019
B
Telephone number (see instructions)
(475) 250-1020
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)
$
412,823,233
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
...
5,353,699
5,353,699
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
22,857,070
b
Gross sales price for all assets on line 6a
77,480,108
7
Capital gain net income (from Part IV, line 2)
...
22,857,070
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)
.......
77,891
0
12
Total.
Add lines 1 through 11
........
28,288,660
28,210,769
13
Compensation of officers, directors, trustees, etc.
630,842
94,626
536,216
14
Other employee salaries and wages
......
1,669,902
251,330
1,661,612
15
Pension plans, employee benefits
.......
754,812
113,222
645,866
16a
Legal fees (attach schedule)
.........
29,131
0
29,131
b
Accounting fees (attach schedule)
.......
69,225
5,925
90,143
c
Other professional fees (attach schedule)
....
1,717,485
1,058,993
795,125
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
370,000
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
15,482
121
11,898
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
578,256
331,615
224,817
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
5,835,135
1,855,832
3,994,808
25
Contributions, gifts, grants paid
.......
9,778,450
10,179,700
26
Total expenses and disbursements.
Add lines 24 and 25
15,613,585
1,855,832
14,174,508
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
12,675,075
b
Net investment income
(if negative, enter -0-)
26,354,937
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2021)
Page 2
Form 990-PF (2021)
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
.............
2,152,868
3,172,141
3,172,141
2
Savings and temporary cash investments
.........
3,646,168
6,666,927
6,666,927
3
Accounts receivable
755,916
Less: allowance for doubtful accounts
760,587
755,916
755,916
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
..........
191,171
575,285
575,285
10a
Investments—U.S. and state government obligations (attach schedule)
79,426,895
84,725,889
84,725,889
b
Investments—corporate stock (attach schedule)
.......
212,716,498
261,539,269
261,539,269
c
Investments—corporate bonds (attach schedule)
.......
4,260,457
3,516,369
3,516,369
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
43,919,916
37,231,340
37,231,340
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
13,585,326
14,640,097
14,640,097
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
360,659,886
412,823,233
412,823,233
17
Accounts payable and accrued expenses
..........
736,701
762,704
18
Grants payable
.................
975,000
575,000
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
)
1,071,268
1,568,119
23
Total liabilities
(add lines 17 through 22)
.........
2,782,969
2,905,823
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
357,876,917
409,917,410
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)
.....
357,876,917
409,917,410
30
Total liabilities and net assets/fund balances
(see instructions)
.
360,659,886
412,823,233
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
357,876,917
2
Enter amount from Part I, line 27a
.....................
2
12,675,075
3
Other increases not included in line 2 (itemize)
3
39,365,418
4
Add lines 1, 2, and 3
..........................
4
409,917,410
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
409,917,410
Form
990-PF
(2021)
Page 3
Form 990-PF (2021)
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
OWNERSHIP CAPITAL
P
c
BLACKROCK ETFS
P
d
URBAN AMERICA II
P
e
YUCAIPA I
P
CALIFORNIA SMART GROWTH
P
YUCAIPA II
P
HUNTINGTON III
P
HUNTINGTON II
P
DBL
P
SJF III
P
URBAN INNOVATION
P
HUNTINGTON IV
P
SJF II
P
SJF IV
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
60,361,352
45,229,650
15,131,702
b
1,670,532
1,670,532
c
12,707,234
8,856,679
3,850,555
d
68,728
-68,728
e
174,014
-174,014
103,524
-103,524
101,586
101,586
261,270
261,270
183,554
-183,554
526,193
526,193
742,331
742,331
300,935
300,935
6,889
-6,889
177,868
177,868
630,807
630,807
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
15,131,702
b
1,670,532
c
3,850,555
d
-68,728
e
-174,014
-103,524
101,586
261,270
-183,554
526,193
742,331
300,935
-6,889
177,868
630,807
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
22,857,070
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
(2021)
Page 4
Form 990-PF (2021)
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)
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
366,334
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
366,334
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
277,955
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
135,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
412,955
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
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
46,621
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
46,621
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
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
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
,
CT
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 2021 or the taxable year beginning in 2021? 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
(2021)
Page 5
Form 990-PF (2021)
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
WWW.HERON.ORG
14
The books are in care of
The Foundation
Telephone no.
(475) 250-1020
Located at
PO BOX 996
NEW MILFORD
CT
ZIP+4
06776
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 2021, 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)
Yes
(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
No
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 2021?
.............
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 2021, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2021?
....................
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 2021 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 2021.)
.....................
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 2021?
..
4b
No
Form
990-PF
(2021)
Page 6
Form 990-PF (2021)
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)
Yes
(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
Yes
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
Yes
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
ANNE WADE
DIRECTOR
3.00
0
0
0
C/O FB HERON FOUNDATION
NEW MILFORD
,
CT
06776
DANA K BEZERRA
PRESIDENT
40.00
371,252
38,236
0
C/O FB HERON FOUNDATION
NEW MILFORD
,
CT
06776
NHADINE LEUNG
VICE PRESIDENT/TREASURER
40.00
259,590
26,481
0
C/O FB HERON FOUNDATION
NEW MILFORD
,
CT
06776
BUZZ SCHMIDT
CHAIRMAN
4.00
0
0
0
C/O FB HERON FOUNDATION
NEW MILFORD
,
CT
06776
WILLIAM MC CALPIN
DIRECTOR
3.00
0
0
0
C/O FB HERON FOUNDATION
NEW MILFORD
,
CT
06776
JOHN OTTERLEI
DIRECTOR
3.00
0
0
0
C/O FB HERON FOUNDATION
NEW MILFORD
,
CT
06776
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
BRENDAN MAHER
VP - INTEGRATED CAPI
40.00
221,544
50,037
0
C/O FOUNDATION
NEW MILFORD
,
CT
06776
BARBARA VANSCOY
FIXED INCOME FELLOW
40.00
204,000
47,591
0
C/O FOUNDATION
NEW MILFORD
,
CT
06776
DONNA DANIELS
VP - INTEGRATED CAPI
40.00
205,625
36,398
0
C/O FOUNDATION
NEW MILFORD
,
CT
06776
KELLY RYAN
FELLOW
40.00
204,000
35,396
0
C/O FOUNDATION
NEW MILFORD
,
CT
06776
SHELLEY CURNOW
DIRECTOR SYSTEMS
40.00
142,800
47,850
0
C/O FOUNDATION
NEW MILFORD
,
CT
06776
Total
number of other employees paid over $50,000
...................
6
Form
990-PF
(2021)
Page 7
Form 990-PF (2021)
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
TILT INVESTMENT MANAGEMENT
INVESTMENT CONSULTING
450,000
2212 QUEEN ANNE AVE N
SEATTLE
,
WA
98109
APERIO
INVESTMENT ADVICE
178,060
THREE HARBOR DRIVE
SAUSALITO
,
CA
94965
INFOGRATE
CONSULTING
115,000
35 ELM ROCK ROAD
BRONXVILLE
,
NY
10708
BOSTON COMMON ASSET MANAGEMENT
INVESTMENT CONSULTING
112,643
200 STATE ST
BOSTON
,
MA
02109
BIVIUM
CONSULTING
80,000
601 MONTGOMERY STREET
SAN FRANCISCO
,
CA
94111
Total
number of others receiving over $50,000 for professional services
.............
4
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
PROVIDING ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS THROUGH BOARD SERVICE, CONVENING CONFERENCES AND MEETINGS AND PROVIDING DIRECT TECHNICAL ASSISTANCE
100,000
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
NEW HAVEN BANK PRI DEPOSIT
1,500,000
2
URBAN INNOVATION FUND
240,000
All other program-related investments. See instructions.
3
225,545
Total.
Add lines 1 through 3
.........................
1,965,545
Form
990-PF
(2021)
Page 8
Form 990-PF (2021)
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
372,549,720
b
Average of monthly cash balances
.......................
1b
2,214,076
c
Fair market value of all other assets (see instructions)
................
1c
1,141,480
d
Total
(add lines 1a, b, and c)
.........................
1d
375,905,276
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
375,905,276
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
5,638,579
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
370,266,697
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
18,513,335
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
18,513,335
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
366,334
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
366,334
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
18,147,001
4
Recoveries of amounts treated as qualifying distributions
................
4
2,660,774
5
Add lines 3 and 4
............................
5
20,807,775
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
20,807,775
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
14,174,508
b
Program-related investments—total from Part VIII-B
..................
1b
1,965,545
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
16,140,053
Form
990-PF
(2021)
Page 9
Form 990-PF (2021)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2020
(c)
2020
(d)
2021
1
Distributable amount for 2021 from Part X, line 7
20,807,775
2
Undistributed income, if any, as of the end of 2021:
a
Enter amount for 2020 only
.......
13,352,872
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2021:
a
From 2016
......
b
From 2017
......
c
From 2018
......
d
From 2019
......
e
From 2020
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
16,140,053
a
Applied to 2020, but not more than line 2a
13,352,872
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 2021 distributable amount
.....
2,787,181
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2021.
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
0
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 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2022
..........
18,020,594
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 2016 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2017
....
b
Excess from 2018
....
c
Excess from 2019
....
d
Excess from 2020
....
e
Excess from 2021
....
Form
990-PF
(2021)
Page 10
Form 990-PF (2021)
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 2021, 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)
2021
(b)
2020
(c)
2019
(d)
2018
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 e-mail address of the person to whom applications should be addressed:
THE FB HERON FOUNDATION
PO BOX 996
NEW MILFORD
,
CT
06776
(475) 250-1020
b
The form in which applications should be submitted and information and materials they should include:
PLEASE REFER TO THE WEBSITE - WWW.HERON.ORG
c
Any submission deadlines:
NONE
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PER GUIDELINES
Form
990-PF
(2021)
Page 11
Form 990-PF (2021)
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
Alex C Dove Foundation Inc
928 Sussex Ct
Nekoosa
,
WI
54457
PC
General Support
1,000
Alex C Dove Foundation Inc
928 Sussex Ct
Nekoosa
,
WI
54457
PC
General Support
1,000
Allied Media Projects
4126 Third Avenue
Detroit
,
MI
48201
PC
Project-Based
150,000
Amalgamated Charitable Foundation Inc
1825 K Street NW
Washington
,
DC
20006
PC
Project-Based
150,000
Appalachian Community Fund Inc
1405 E Magnolia Avenue
Knoxville
,
TN
37917
PC
General Support
100,000
As You Sow
Main Post Office PO Box 751
Berkeley
,
CA
94701
PC
General Support
2,000
Assistance League of Minneapolis - St Paul
6416 Penn Avenue S
Richfield
,
MN
554231141
PC
General Support
500
Association For Glycogen Storage Diseaes
1542 Flammang Dr PMB 1004
Waterloo
,
IA
50702
PC
General Support
2,000
Baton Rouge Sponsoring Committee
2019 Government Street
Baton Rouge
,
LA
70806
PC
General Support
25,000
Beth-El Center
90 New Haven Ave
Milford
,
CT
06460
PC
General Support
500
Big Brothers Big Sisters of Southwestern CT
2470 Fairfield Ave
Bridgeport
,
CT
06605
PC
General Support
1,000
Connecticut Community Foundation
43 Field St
Waterbury
,
CT
06702
PC
General Support
1,500
Borealis Philanthropy
PO Box 3295
Minneapolis
,
MN
55403
PC
General Support
150,000
Boys & Girls Village
528 Wheelers Farms Rd
Milford
,
CT
06461
PC
General Support
500
Bread and Roses Community Fund
100 S Broad Street No 1600
Philadelphia
,
PA
19102
PC
General Support
150,000
California Forward
127 University Ave
Berkeley
,
CA
94710
PC
Project-Based
75,000
Calumet All Sports Booster Club
PO Box 295
Calumet
,
MI
49913
PC
General Support
100
Calumet Art Center
57055 Fifth Street
Calumet
,
MI
49913
PC
General Support
100
Calvert Impact Capital Inc
7315 Wisconsin Ave Suite 1000W
Bethesda
,
MD
20814
PC
Project-Based
75,000
Capital Impact Partners
1400 Crystal Drive Suite 500
Arlington
,
VA
22202
PC
Enterprise Capital
1,500,000
Capital Impact Partners
1400 Crystal Drive Suite 500
Arlington
,
VA
22202
PC
Enterprise Capital
2,000,000
CDP North America Inc
127 West 26th Street Suite 300
New York
,
NY
10001
PC
General Support
2,000
Children's Center of New Milford Inc
11 A Aspetuck Avenue
New Milford
,
CT
06776
PC
General Support
1,500
Chinook Fund Inc
1031 33rd Street Suite 237
Denver
,
CO
80205
PC
General Support
79,000
Church of the Resurrection
PO Box 206
Little Switzerland
,
NC
28749
PC
General Support
1,500
Church of the Resurrection
PO Box 206
Little Switzerland
,
NC
28749
PC
General Support
1,500
City Seed Inc
817 Grand Avenue No 101
New Haven
,
CT
06511
PC
General Support
500
Coastal Enterprises Inc
30 Federal Street
Brunswick
,
ME
04011
PC
Enterprise Capital
50,000
Coastal Enterprises Inc
30 Federal Street
Brunswick
,
ME
04011
PC
General Support
150,000
College of Charleston Foundation
66 George Street
Charleston
,
SC
29424
PC
Project-Based
42,000
Committee Encouraging Corporate Philanthropy
85 Broad Street 27th Floor
New York
,
NY
10004
PC
General Support
150,000
Common Counsel Foundation
1624 Franklin Street STE 1022
Oakland
,
CA
94612
PC
General Support
150,000
Community Culinary School of Northwestern Connecticut
40 Main St
New Milford
,
CT
06776
PC
General Support
1,500
Confluence Philanthropy
54 W 40th St Ste 1129
New York
,
NY
10018
PC
Membership
7,500
Connecticut Voices for Children Inc
33 Whitney Ave First Floor
New Haven
,
CT
06510
PC
General Support
1,000
Connecticut Women's Education and Legal Fund Inc
75 Charter Oak Avenue Suite 1-300
Hartford
,
CT
06106
PC
General Support
1,000
Copper Country Angel Mission
119 5th St
Calumet
,
MI
49918
PC
General Support
500
Crossroads Fund Inc
3411 West Diversey 20
Chicago
,
IL
60647
PC
General Support
100,000
Cypress Hills Local Development Corporation Inc
625 Jamaica Avenue
Brooklyn
,
NY
11208
PC
General Support
800
Delbarton School
230 Mendham Road
Morristown
,
NJ
07960
PC
General Support
1,000
Diakonos Solutions Corporation
423 Orchard Pass Ave
Ponte Vedra
,
FL
32081
PC
General Support
3,000
Diakonos Solutions Corporation
423 Orchard Pass Ave
Ponte Vedra
,
FL
32081
PC
General Support
2,000
Diakonos Solutions Corporation
423 Orchard Pass Ave
Ponte Vedra
,
FL
32081
PC
General Support
3,500
Ecotrust
721 NW 9th Avenue Suite 200
Portland
,
OR
97209
PC
General Support
25,000
Feed My Starving Children Inc
401 93rd Avenue NW
Coon Rapids
,
MN
55433
PC
General Support
2,500
Foundation for Louisiana
4354 S Sherwood Forest Blvd Suite
200
Baton Rouge
,
LA
70816
PC
General Support
150,000
Fresno Economic Opportunities Commission
1920 Mariposa Street Suite 300
Fresno
,
CA
93721
PC
Project-Based
100,000
Fresno Metropolitan Ministry
3845 North Clark Street Suite 101
Fresno
,
CA
93726
PC
General Support
70,000
Friends of Brooklyn Collaborative Studies Inc
610 Henry Street
Brooklyn
,
NY
11231
PC
General Support
500
Friends of Morrill Homestead
PO Box 98
Strafford
,
VT
05072
PC
General Support
4,000
Frost Valley YMCA
2000 Frost Valley Road
Claryville
,
NY
12725
PC
General Support
2,000
Fund For Southern Communities Inc
4153-C Flat Shoals PKWY 314
Decatur
,
GA
30034
PC
General Support
50,000
Girl Scouts of the USA
420 Fifth Avenue
New York
,
NY
10018
PC
General Support
2,000
Global Impact Investing Network
One Battery Park Plaza 2nd Floor
New York
,
NY
10004
PC
Membership
20,000
Good Child Development Center
170 Old Point Road
Milford
,
CT
06460
PC
General Support
500
Good Jobs First
1380 Monroe St NW PMB 405
Washington
,
DC
20010
PC
General Support
50,000
Good Shepherd Food Bank
PO Box 1807
Auburn
,
ME
04211
PC
General Support
95,000
Greater Minneapolis Crisis Nursery
4544 4th Avenue South
Minneapolis
,
MN
55419
PC
General Support
500
Groundswell Fund
548 Market Street 49734
San Francisco
,
CA
94104
PC
General Support
150,000
Guilford Free Public Library Asso Inc
67 Park Street
Guilford
,
CT
06437
PC
General Support
2,000
Gulf of Maine Research Institute
350 Commercial St
Portland
,
ME
04101
PC
General Support
120,000
Gulf of Maine Research Institute
350 Commercial St
Portland
,
ME
04101
PC
General Support
2,500
Hartford Stage
50 Church Street
Hartford
,
CT
06103
PC
General Support
1,000
Hawai'i Peoples Fund
PO Box 4163
Honolulu
,
HI
96812
PC
General Support
65,000
Haymarket People's Fund Inc
42 Seaverns Avenue
Jamaica Plain
,
MA
02130
PC
General Support
120,000
Headwaters Foundation for Justice
2801 21st Avenue S Stre 132-B
Minneapolis
,
MN
55407
PC
General Support
150,000
Hispanic Catholic Charismatic Center of the Archdiocese of New York
826 E 166th Street
Bronx
,
NY
10459
PC
General Support
4,000
Hooker County Community Foundation Inc
PO Box 66
Mullen
,
NE
69152
PC
General Support
3,000
Hope Autism Foundation
5 Lyons Mall Box 122
Basking Ridge
,
NJ
07920
PC
General Support
5,000
Hope Enterprise Corporation
4 Old River Place
Jackson
,
MS
39202
PC
General Support
140,000
Ice Foundation Inc
PO Box 370
New York
,
NY
10009
PC
General Support
800
Impact Capital Managers Institute Inc
620 8th Avenue 17th Floor
New York
,
NY
10018
PC
General Support
50,000
Incourage Community Foundation Inc
478 East Grand Ave
Wisconsin Rapids
,
WI
54494
PC
General Support
500
INSPIRICA INC
141 Franklin St
Stamford
,
CT
06901
PC
General Support
375
Integrated Refugee and Immigrant Services Inc
235 Nicoll Street 2nd Floor
New Haven
,
CT
06511
PC
General Support
500
Jackson Medical Mall Foundation
350 W Woodrow Wilson Ave Suite 101
Jackson
,
MS
39213
PC
Project-Based
50,000
JACKSON METRO SPONSORING COMMITTEE
1770 Ellis Avenue
Jackson
,
MS
39204
PC
General Support
43,000
Joyce Theater Foundation Inc
175 Eighth Avenue
New York
,
NY
10011
PC
General Support
1,000
Jubilee Gift Galaxy Inc
6655 Moore Drive
Oakland
,
CA
94611
PC
General Support
50,000
Keweenaw Community Forest Company
PO Box 300
Mohawk
,
MI
49950
PC
General Support
200
Keweenaw Economic Development Alliance
600 E Lakeshore Drive
Houghton
,
MI
49931
PC
General Support
500
KIPP Team and Family Schools Inc
60 PARK PL STE 802
Newark
,
NJ
07102
PC
General Support
1,000
Lambda Legal Defense and Education Fund Inc
120 Wall Street 19th Fl
New York
,
NY
10005
PC
General Support
1,000
Leadership Counsel for Justice and Accountability
2210 San Joaquin Street
Fresno
,
CA
93721
PC
General Support
100,000
Lever Inc
85 Main St Suite 218
North Adams
,
MA
01247
PC
General Support
5,000
Liberty Hill Foundation
6420 Wilshire Blvd NO 700
Los Angeles
,
CA
90048
PC
General Support
150,000
Locus Impact Investing
7814 Carousel Lane
Richmond
,
VA
23294
PC
General Support
150,000
Main Street Calumet Inc
PO Box 188
Calumet
,
MI
49913
PC
General Support
500
Maine Development Foundation
2 Beech St Unit 203
Hallowell
,
ME
04347
PC
General Support
40,000
Maine Initiatives Inc
56 North Street Suite 100
Portland
,
ME
04101
PC
General Support
100,000
Maine Initiatives Inc
56 North Street Suite 100
Portland
,
ME
04101
PC
General Support
1,500
Maine Initiatives Inc
56 North Street Suite 100
Portland
,
ME
04101
PC
General Support
1,000
Maine Philanthropy Center
PO Box 9301
Portland
,
ME
04104
PC
Membership
5,300
Make the Road New York
301 Grove Street
Brooklyn
,
NY
11237
PC
General Support
800
Marquette Community Foundation
PO Box 37
Marquette
,
MI
49855
PC
General Support
5,000
McKenzie River Gathering Foundation
PO Box 12489
Portland
,
OR
97212
PC
General Support
50,000
Metro IAF Inc
89-60 164th Street
Jamaica
,
NY
11432
PC
General Support
55,000
Mission Investors Exchange
105 W 86th Street 358
New York
,
NY
10024
PC
Membership
100,000
Morrill Memorial Library
PO Box 110
Straffford
,
VT
05072
PC
General Support
3,000
Na'ah Illahee Fund
PO Box 17844
Seattle
,
WA
98127
PC
General Support
75,000
Network Impact Inc
25 Sigourney Street
Boston
,
MA
02130
NC
Project-Based
70,000
New Breath Foundation
1999 Harrison Street
Oakland
,
CA
94612
PC
General Support
50,000
New Milford Barracudas Parents Association Inc
PO Box 2196
New Milford
,
CT
06776
PC
General Support
1,600
New Milford Barracudas Parents Association Inc
PO Box 2196
New Milford
,
CT
06776
PC
General Support
2,000
New Milford Economic Development Corporation
PO Box 387
New Milford
,
CT
06776
PC
General Support
5,000
New York University
PO Box 837 Peter Stuyvesant Station
New York
,
NY
100090837
PC
Project-Based
100,000
New York University
PO Box 837 Peter Stuyvesant Station
New York
,
NY
100090837
PC
Project-Based
20,000
Next City Inc
PO Box 22449
Philadelphia
,
PA
19110
PC
General Support
50,000
North Star Fund Inc
520 Eighth Avenue 2203
New York
,
NY
10018
PC
General Support
125,000
Northwest Connecticut Land Conservancy
Post Office Box 821
Kent
,
CT
06757
PC
General Support
1,650
Northwest Connecticut Land Conservancy
Post Office Box 821
Kent
,
CT
06757
PC
General Support
1,500
Omega House Inc
2211 Maureen Lane
Houghton
,
MI
49931
PC
General Support
500
Open Channels New York Inc
161A Chrystie Street
New York
,
NY
10002
PC
General Support
500
Open Possibilities dba Possibility Labs
1410 Franklin Street Num 135
San Francisco
,
CA
941090000
PC
Project-Based
500,000
Open Possibilities dba Possibility Labs
1410 Franklin Street Num 135
San Francisco
,
CA
941090000
PC
Project-Based
163,500
Paula Ellis Strategies LLC
482 Elfes Field Lane
Charleston
,
SC
29492
NC
Project-Based
75,000
Philadelphia Clef Club of Jazz & Performing Arts Inc
PO Box 752
Glenside
,
PA
19038
PC
General Support
2,000
Philadelphia Ronald MCDonald House Inc
3925 Chestnut Street
Philadelphia
,
PA
19104
PC
General Support
5,000
Pilobolus Inc
PO Box 388 6 Calhoun St
Washington
,
CT
06794
PC
General Support
750
Portland Stage Company Inc
25 Forest Ave
Portland
,
ME
04104
PC
General Support
2,000
Portland Stage Company Inc
25 Forest Ave
Portland
,
ME
04104
PC
General Support
8,500
Potlatch Fund
801 Second Avenue No 304
Seattle
,
WA
98104
PC
General Support
130,000
Pratt Nature Center Inc
163 Paper Mill Rd
New Milford
,
CT
06776
PC
General Support
1,500
Preble Street
38 Preble Street
Portland
,
ME
04101
PC
General Support
1,500
Preble Street
38 Preble Street
Portland
,
ME
04101
PC
General Support
10,000
QueerArt Inc
140 2nd Ave 503
New York
,
NY
10003
PC
General Support
1,000
Rape Crisis Center of Milford
70 West River Street
Milford
,
CT
06460
PC
General Support
500
Red Hook Art Project Inc
27 Huntington Street Room 151
Brooklyn
,
NY
11231
PC
General Support
3,500
Red Hook Initiative Inc
767 Hicks Street
Brooklyn
,
NY
11231
PC
General Support
5,000
Red Hook Playgroup
295 Columbia Street
Brooklyn
,
NY
11231
PC
General Support
2,000
Schumacher Center for a New Economics
140 Jug End Road
Great Barrington
,
MA
01230
PC
General Support
30,000
Search Ministries Inc
7400 Metro Blvd Suite 210
Edina
,
MN
55439
PC
General Support
1,000
Second Harvest Heartland
1140 Gervais Avenue
Maplewood
,
MN
55109
PC
General Support
2,500
Self-Help Enterprises
P O Box 6520
Visalia
,
CA
932906520
PC
General Support
150,000
Seventh Generation Fund for Indigenous Peoples Inc
PO Box 4569
Arcata
,
CA
95518
PC
General Support
150,000
SilverSource Inc
2009 Summer Street
Stamford
,
CT
06905
POF
General Program Support
375
Social Justice Fund Northwest
1904 3rd Avenue NO 806
Seattle
,
WA
98101
PC
General Support
125,000
Solutions Project Inc
4096 Piedmont Avenue No 728
Oakland
,
CA
94611
PC
General Support
100,000
South OrangeMaplewood Community Coalition on Race
516 Prospect St
Maplewood
,
NJ
07040
PC
General Support
2,000
Southern Partners Fund Inc
1 Baltimore Place NW Suite 150
Atlanta
,
GA
30308
PC
General Support
75,000
Springboard To Opportunities
3000 Old Canton Rd Suite 470
Jackson
,
MS
39216
PC
General Support
100,000
St Josephs Social Service Center
118 Division St
Elizabeth
,
NJ
07201
PC
General Support
5,000
St Louis University High School
4970 Oakland Avenue
St Louis
,
MO
63110
PC
General Support
2,500
Stamford Spartans Youth Football
105 Harbor Dr Apt 117
Stamford
,
CT
06902
PC
General Support
1,000
Strafford Historical Society Inc
PO Box 100
Strafford
,
VT
05072
PC
General Support
4,000
The Aspen Institute Inc
2300 N Street NW Suite 700
Washington
,
DC
200371122
PC
General Support
2,000
The Campaign Against Hunger Inc
2010 Fulton Street
Brooklyn
,
NY
11233
PC
General Support
800
The Genesis Fund
22 Lincoln Street
Brunswick
,
ME
04011
PC
General Support
100,000
The Good Grocer
2650 Nicollet Ave
Minneapolis
,
MN
55408
PC
General Support
1,000
The Haitian Project Inc
PO Box 6891
Providence
,
RI
02940
PC
General Support
2,000
The Haitian Project Inc
PO Box 6891
Providence
,
RI
02940
PC
General Support
500
The Initiative for Responsible Investment at the Hauser Institute for Civil
79 John F Kennedy St
Cambridge
,
MA
02138
PC
Project-Based
75,000
The League of Intrapreneurs Ltd
300 SW 5th Street 2900
Portland
,
OR
97201
PC
General Support
100,000
The Lincoln Institute of Land Policy
113 Brattle Street
Cambridge
,
MA
021383400
POF
Project-Based
150,000
The Macedonia Baptist Church of Mount Vernon New York Inc
141 S 9th Ave
Mt Vernon
,
NY
10550
PC
General Support
250
The Nonprofit Information Networking Association dba The Nonprofit Quarterl
88 Broad Street Suite 101
Boston
,
MA
02110
PC
General Support
100,000
The Underground Museum Inc
3508 W Washington Blvd
Los Angeles
,
CA
90018
PC
General Support
500
The Vermont Community Foundation
3 Court Street
Middlebury
,
VT
05753
PC
Pass-Through
25,000
TreeHouse Inc
5757 Wayzata Blvd
Minneapolis
,
MN
55416
PC
General Support
2,000
Twin Cities Habitat for Humanity Inc
1954 University Avenue W
St Paul
,
MN
55104
PC
General Support
1,000
United Community Centers Inc
613 New Lots Avenue
Brooklyn
,
NY
11207
PC
General Support
800
Urban Bush Women Inc
138 S Oxford St Suite 4B
Brooklyn
,
NY
11217
PC
General Support
1,000
Urban Ventures Leadership Foundation
2924 Fourth Avenue South
Minneapolis
,
MN
554082438
PC
General Support
2,000
Village Center for the Arts Inc
12 Main St
New Milford
,
CT
06776
PC
General Support
1,500
Vital Communities Inc
195 N Main St
White River Junction
,
VT
05001
PC
General Support
4,000
Water Witch Hose Company #2
8 Prospect Hill Road
New Milford
,
CT
06776
PC
General Support
2,000
Westmont College
955 La Paz Road
Santa Barbara
,
CA
93108
PC
General Support
5,000
World Foundation for Girl Guides and Girl Scouts
420 Fifth Avenue
New York
,
NY
10018
PC
General Support
1,000
World Vision Inc
PO Box 9716
Federal Way
,
WA
98063
PC
General Support
2,000
Young Life
PO Box 520
Colorado Springs
,
CO
80901
PC
General Support
2,000
Total
.................................
3a
10,179,700
b
Approved for future payment
Common Future
2323 Broadway
Oakland
,
CA
94612
PC
General Support
150,000
California Forward
127 University Ave
Berkeley
,
CA
94710
PC
Project-Based
75,000
Committee Encouraging Corporate Philanthropy
85 Broad Street 27th Floor
New York
,
NY
10004
PC
General Support
150,000
Good Jobs First
1380 Monroe St NW PMB 405
Washington
,
DC
20010
PC
General Support
50,000
Locus Impact Investing
7814 Carousel Lane
Richmond
,
VA
23294
PC
General Support
150,000
Total
.................................
3b
575,000
Form
990-PF
(2021)
Page 12
Form 990-PF (2021)
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
CONTRACT FEE
77,891
b
c
d
e
f
g
Fees and contracts from government agencies
14
5,353,699
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
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
............
18
22,857,070
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
28,210,769
77,891
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
28,288,660
(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.)
1
LICENSING REVENUE FROM US COMMUNITY INVESTING INDEX
Form
990-PF
(2021)
Page 13
Form 990-PF (2021)
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.
2022-12-23
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
Kevin Sunkel
Preparer's Signature
Date
2022-12-22
Check if self-
employed
PTIN
P00706145
Firm's name
Owen J Flanagan & Co
Firm's EIN
13-2060851
Firm's address
60 East 42nd Street
New York
,
NY
10165
Phone no.
(212) 682-2783
Form
990-PF
(2021)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description