| Identifier | Return Reference | Explanation |
|---|---|---|
| General Explanation Supplemental Information for Form 990-PF | PURSUANT TO IRC SECTION 441 AND COMPARABLE CALIFORNIA REVENUE AND TAXATION CODE, THE CORPORATION HEREBY ELECTS A CALENDAR YEAR END.PURSUANT TO IRC SECTION 446 AND COMPARABLE CALIFORNIA REVENUE AND EXPENSE CODE, THE CORPORATION HEREBY ELECTS TO COMPUTE INCOME AND EXPENSE ON THE CASH BASIS. | |
| General Explanation Supplemental Information for Form 990-PF | THE FOUNDATION RECEIVED A CLASSIFICATION FROM THE IRS AND WAS CLASSIFIED AS A PUBLIC CHARITY. UNDER IRC SECTION 501(C)(3), THE FOUNDATION SHOULD HAVE BEEN CLASSIFIED AS A PRIVATE FOUNDATION, A DETERMINATION SUPPORTED BY ITS ARTICLES OF INCORPORATION AND ITS ACTIVITIES. THE ORANIZATIONAL DOCUMENTS OF THE CROZAT FAMILY FOUNDATION PRESENT AN INTENT TO OPERATE AS A PRIVATE FOUNDATION. HOWEVER, IN ORDER TO COMPLETE AN ELECTRONIC FILING OF THE INITIAL TAX RETURNS FOR TAX YEAR 2014, THE TAXPAYER WAS REQUIRED TO CHECK BOX G 'INITIAL RETURN OF A FORMER PUBLIC CHARITY' TO MATCH THE CURRENT STATUS IN THE IRS E-FILE DATABASE. THE TAXPAYER IS ACTIVELY CORRESPONDNING WITH THE IRS TO CORRECT THE PUBLIC CHARITY STATUS ASSIGNED. |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 7,932 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER CURRENT ASSETS | 6,525 | 6,525 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 45 | |||
| OFFICE SUPPLIES | 904 | |||
| VEHICLE EXPENSE | 55 |