Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
AUDREY & SYDNEY IRMAS
CHARITABLE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)12301 WILSHIRE BLVD NO 418
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90025
A Employer identification number

95-4030813
B Telephone number (see instructions)

(310) 476-0261
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$16,087,906J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,516 2,516  
4 Dividends and interest from securities... 117,004 117,004  
5a Gross rents............ 823,529 823,529  
b Net rental income or (loss) 143,851
6a Net gain or (loss) from sale of assets not on line 10 7,400
b Gross sales price for all assets on line 6a 3,207,166
7 Capital gain net income (from Part IV, line 2)... 7,400
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)....... Click to see attachment -59,225 -59,225  
12 Total. Add lines 1 through 11........ 891,224 891,224  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,000 45,000   45,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 22,092 21,680   412
b Accounting fees (attach schedule)....... Click to see attachment 19,684 19,684   0
c Other professional fees (attach schedule).... Click to see attachment 35,650 35,457   193
17 Interest............... 72 72   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 100,934 100,934   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 142,074 142,074  
20 Occupancy.............. 18,469 9,235   9,234
21 Travel, conferences, and meetings....... 596 0   596
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 452,470 444,748   5,863
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 882,041 818,884   61,298
25 Contributions, gifts, grants paid....... 1,138,600 1,138,600
26 Total expenses and disbursements. Add lines 24 and 25 2,020,641 818,884   1,199,898
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,129,417
b Net investment income (if negative, enter -0-) 72,340
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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
Assets 1 Cash—non-interest-bearing............. 118,457 93,789 93,789
2 Savings and temporary cash investments......... 643,986 2,385,811 2,385,811
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet26,000
Less: allowance for doubtful accounts bullet0 26,000 Click to see attachment26,000 26,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 675,036 0 0
b Investments—corporate stock (attach schedule)....... 4,410,085 Click to see attachment3,156,724 5,687,896
c Investments—corporate bonds (attach schedule)....... 802,210 Click to see attachment182,385 185,899
11 Investments—land, buildings, and equipment: basis bullet6,449,632
Less: accumulated depreciation (attach schedule) bullet2,732,402 3,787,487 Click to see attachment3,717,230 6,773,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,412,635 Click to see attachment1,135,825 888,490
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,066 Click to see attachment47,021 Click to see attachment47,021
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,880,962 10,744,785 16,087,906
Liabilities 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 bullet) Click to see attachment60,787 Click to see attachment54,027
23 Total liabilities (add lines 17 through 22)......... 60,787 54,027
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,820,175 10,690,758
29 Total net assets or fund balances (see instructions)..... 11,820,175 10,690,758
30 Total liabilities and net assets/fund balances (see instructions). 11,880,962 10,744,785
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
11,820,175
2
Enter amount from Part I, line 27a .....................
2
-1,129,417
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,690,758
5
Decreases not included in line 2 (itemize) bullet
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
10,690,758
Form 990-PF (2020)
Form 990-PF (2020)
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 PERRY PARTNERS   2007-01-01 2020-12-31
b PUBLICLY TRADED SECURITIES   2018-12-31 2020-12-31
c OCA GLOBAL PRIVATE EQUITY LP K-1 - ST   2020-01-01 2020-12-31
d OCA GLOBAL PRIVATE EQUITY LP K-1 - 1231 GAIN   2018-12-31 2020-12-31
e OCA GLOBAL PRIVATE EQUITY LP K-1 - 1256 LOSS   2018-12-31 2020-12-31
AIM II OFFSHORE US FEEDER K-1 - ST   2020-01-01 2020-12-31
OCA GLOBAL PRIVATE EQUITY LP K-1 - LT   2018-12-31 2020-12-31
AIM II OFFSHORE US FEEDER K-1 - LT   2018-12-31 2020-12-31
OCA KKR ENERGY FUND LLC K-1 LT   2018-12-31 2020-12-31
OCA GSO CAPITAL SOLUTIONS OVERSEAS FD   2018-12-31 2020-12-31
OCA SA MEZZANINE II SEG PORT   2018-12-31 2020-12-31
CAPITAL GAINS DIVIDENDS 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 489   261 228
b 3,028,774   3,178,977 -150,203
c     3,270 -3,270
d 131     131
e     1 -1
331     331
7,746     7,746
76,965     76,965
10,080     10,080
2,294   2,565 -271
14,539   14,692 -153
65,817     65,817
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       228
b       -150,203
c       -3,270
d       131
e       -1
      331
      7,746
      76,965
      10,080
      -271
      -153
      65,817
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,400
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 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,006
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% 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 1,006
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 1,006
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 30,242
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 30,242
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 29,236
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet29,236 RefundedBullet 11 0
Part VII-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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-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 addressbulletN/A
    14
    The books are in care ofbulletMATTHEW IRMAS Telephone no.bullet (310) 476-0261

    Located atbullet12301 WILSHIRE BLVD STE 418LOS ANGELESCA ZIP+4bullet90025
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    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 bullet
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
    ........bullet
    c
    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 2020?.............
    1c
     
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    Part VIII
    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
    MATTHEW IRMAS TRUSTEE/ADMINISTRATOR
    25.00     		90,000 0 0
    12301 WILSHIRE BLVD STE 418
    LOS ANGELES,CA90025
    DEBORAH IRMAS TRUSTEE/ADMINISTRATOR
    0.00     		0 0 0
    21650 OXNARD STREET 12TH FL
    WOODLAND HILLS,CA91367
    JACK IRMAS TRUSTEE/ADMINISTRATOR
    0.00     		0 0 0
    21650 OXNARD STREET 12TH FL
    WOODLAND HILLS,CA91367
    DANIEL IRMAS TRUSTEE/ADMINISTRATOR
    0.00     		0 0 0
    21650 OXNARD STREET 12TH FL
    WOODLAND HILLS,CA91367
    BETH RAKOW TRUSTEE/ADMINISTRATOR
    0.00     		0 0 0
    21650 OXNARD STREET 12TH FL
    WOODLAND HILLS,CA91367
    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...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-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 IX-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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    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
    5,855,738
    b
    Average of monthly cash balances.......................
    1b
    2,096,645
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,690,725
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,643,108
    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
    15,643,108
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    234,647
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,408,461
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    770,423
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    770,423
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,006
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,006
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    769,417
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    769,417
    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 XIII, line 1 ...
    7
    769,417
    Part XII
    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
    1,199,898
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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 V, line 8, and Part XIII, line 4
    4
    1,199,898
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,199,898
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 769,417
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 717,352
    b From 2016...... 748,132
    c From 2017...... 611,042
    d From 2018...... 699,688
    e From 2019...... 394,902
    fTotal of lines 3a through e........ 3,171,116
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,199,898
    a Applied to 2019, 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)........     		Click to see attachment0
    d Applied to 2020 distributable amount..... 769,417
    e Remaining amount distributed out of corpus 430,481
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,601,597
    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 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		717,352
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,884,245
    10 Analysis of line 9:
    a Excess from 2016.... 748,132
    b Excess from 2017.... 611,042
    c Excess from 2018.... 699,688
    d Excess from 2019.... 394,902
    e Excess from 2020.... 430,481
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MATTHEW IRMAS
    12301 WILSHIRE BLVD STE 418
    LOS ANGELES,CA90025
    (310) 476-0261
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    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)
    aPaid during the year
    ALICE LLOYD COLLEGE
    100 PURPOSE ROAD
    PIPPA PASSES,KY41844     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 1,000
    BARD COLLEGE
    LUDLOW 306 PO BOX 5000
    ANNANDALE ON HUDSON,NY125045000     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 120,000
    BEIT T'SHUVAH
    8831 VENICE BLVD
    LOS ANGELES,CA900342323     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 500
    BRENNAN CENTER FOR JUSTICE
    161 AVENUE OF THE AMERICAS 12TH FLR
    NEW YORK,NY10013     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 20,000
    CONCERN FOUNDATION
    11111 WEST OLYMPIC BLVD STE 214
    LOS ANGELES,CA90064     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 3,000
    DAVID LYNCH FOUNDATION
    621 S HIGHLAND AVE
    LOS ANGELES,CA90036     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 25,000
    EXCEPTIONAL CHILDREN'S FOUNDATION
    8740 WASHINGTON BLVD
    CULVER CITY,CA90232     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 10,000
    FRIENDS OF THE SABAN COMMUNITY CLINIC
    8405 BEVERLY BLVD
    LOS ANGELES,CA90048     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 10,000
    HAMMER MUSEUM
    10899 WILSHIRE BLVD
    LOS ANGELES,CA90024     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 440,000
    JEWISH BIG BROTHERS BIG SISTERS
    6505 WILSHIRE BLVD STE 600
    LOS ANGELES,CA90048     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 25,000
    LA FAMILY HOUSING
    7843 LANKERSHIM BLVD
    NORTH HOLLYWOOD,CA91605     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 77,000
    MOCA
    250 S GRAND AVE
    LOS ANGELES,CA90012     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 50,000
    PEN AMERICA
    8444 WILSHIRE BLVD 4TH FLR
    BEVERLY HILLS,CA90211     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 2,500
    SHERIFF'S YOUTH FOUNDATION
    211 WEST TEMPLE STREET 8TH FLOOR
    LOS ANGELES,CA90012     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 36,000
    THE HEAR CENTER
    301 E DEL MAR BLVD
    PASADENA,CA91101     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 10,000
    THE MAPLE COUNSELING CENTER
    9107 WILSHIRE BLVD LOWER LEVEL
    BEVERLY HILLS,CA91210     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 20,000
    THE PEOPLE CONCERN OPCC
    2116 ARLINGTON AVE STE 100
    LOS ANGELES,CA90018     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 2,500
    THE UCLA FOUNDATION
    10920 WILSHIRE BLVD ST 900
    LOS ANGELES,CA90024     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 5,000
    TREVOR PROJECT
    8704 SANTA MONICA BLVD STE 200
    WEST HOLLYWOOD,CA90069     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 20,000
    WILSHIRE BLVD TEMPLE
    3663 WILSHIRE BLVD
    LOS ANGELES,CA900102798     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 5,400
    AGING NEXT
    141 SPRING STREET
    CLAREMONT,CA91711     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 5,000
    AMERICAN LIVER FOUNDATION
    39 BROADWAY SUITE 2700
    NEW YORK,NY10006     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 500
    CHABAD OF NEWPORT BEACH
    2240 UNIVERSITY DR
    NEWPORT BEACH,CA92660     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 500
    LOS ENCINOS
    16756 MOORPARK ST
    ENCINO,CA91436     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 200
    FERNANDO PULLUM COMMUNITY ART CENTER
    PO BOX 561528
    LOS ANGELES,CA90056     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 2,500
    HILLCREST COUNTRY CLUB CHARITABLE FUND
    10000 PICO BLVD
    LOS ANGELES,CA90064     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 1,000
    IKAR
    4311 WILSHIRE BLVD SUITE 618
    LOS ANGELES,CA90010     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 5,000
    JVS SO CAL
    6505 WILSHIRE BLVD SUITE 200
    LOS ANGELES,CA90048     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 500
    LARC RANCH
    PO BOX 1510
    FRAZIER PARK,CA93225     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 1,000
    LESLIE LOHMAN MUSEUM
    26 WOOSTER STREET
    NEW YORK,NY10013     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 25,000
    LOS ANGELES REGIONAL FOOD BANK
    1734 EAST 41ST STREET
    LOS ANGELES,CA90058     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 120,000
    MEND
    10641 N SAN FERNANDO RD
    PACOIMA,CA91331     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 15,000
    OPERATION USA
    3617 HAYDEN AVE SUITE A
    CULVER CITY,CA90232     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 25,000
    OUR HOUSE GRIEF SUPPORT CENTER
    1663 SAWTELLE BLVD
    LOS ANGELES,CA90025     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 6,000
    PLOUGHSHARES FUND
    1808 WEDEMEYER STREET SUITE 200
    SAN FANCISCO,CA94129     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 15,000
    RAD CAMP
    17921 SKY PARK CIRCLE
    IRVINE,CA92614     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 5,000
    SUMMAEVERYTHANG COMMUNITY CENTER INC
    300 S GRAND AVENUE SUITE 4100
    LOS ANGELES,CA90071     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 2,500
    THE ACTORS FUND
    729 SEVENTH AVENUE SUITE 10TH FL
    NEW YORK,NY10019     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 10,000
    VISTA DEL MAR CHILD & FAM SVCS
    3200 MOTOR AVE
    LOS ANGELES,CA90034     		NONE PC PROVIDE GENERAL FUNDS TO THE PAYEE CHARITABLE ORGANIZATION 16,000
    Total .................................bullet 3a 1,138,600
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,516  
    4 Dividends and interest from securities....     14 117,004  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 143,851  
    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 7,400  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOCA KKR ENERGY FND     		    14 4,227  
    bOCA GLOBAL PRIVATE EQUITY I LP     14 -63,452  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 211,546 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    211,546
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-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 (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    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? ...........
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 19,684 19,684   0

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    TY 2020 AmortizationSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    COMMISSIONS - GARNETT 2008-10-15 3,066 3,066 60.000000000000   0   3,066
    COMMISSIONS - GARNETT 2010-08-01 4,556 4,556 60.000000000000   0   4,556
    COMMISSIONS - GARNETT 2012-12-01 1,746 1,746 84.000000000000   0   1,746
    COMMISSIONS - GARNETT 2016-08-01 2,016 2,016 36.000000000000   0   2,016
    COMMISSIONS - GARNETT 2016-01-01 9,599 7,680 60.000000000000 1,919 1,919   9,599
    LEASING COMMISSION - SUPER NAILS #11234C 2019-12-01 1,566 26 60.000000000000 313 313   339
    DASH POINT - LEASE COMMISSION 2019-07-01 30,254 3,025 60.000000000000 6,051 6,051   9,076
    DASH POINT - LEASE COMMISSION 2020-07-01 25,120   60.000000000000 2,512 2,512   2,512

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    TY 2020 DepreciationSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DASH POINT VILLAGE 1993-05-01 979,207 808,244 SL 31.500000000000 31,086 31,086    
    DASH POINT 1993 IMPROVEMENTS 1993-05-01 22,604 19,233 SL 31.500000000000 718 718    
    DASH POINT 1994 IMPROVEMENTS 1994-06-30 22,997 15,070 SL 39.000000000000 590 590    
    DASH POINT 1995 IMPROVEMENTS 1995-06-15 5,300 3,338 SL 39.000000000000 136 136    
    DASH POINT 1995 IMPROVEMENTS 1995-08-15 4,510 2,827 SL 39.000000000000 116 116    
    DASH POINT 1995 IMPROVEMENTS 1995-09-15 6,190 3,862 SL 39.000000000000 159 159    
    LAND 1993-05-01 623,423   L   0 0    
    DASH POINT TENANT IMPROVEMENTS 1998-07-01 61,823 34,011 SL 39.000000000000 1,585 1,585    
    DASH POINT 1998 IMPROVEMENTS 1998-12-15 61,375 33,120 SL 39.000000000000 1,574 1,574    
    DASH POINT-1998 CAPITAL IMPROVEMENTS 1998-11-30 308,600 167,162 SL 39.000000000000 7,913 7,913    
    DASH POINT VILLAGE-LAND K&M PROFIT INTEREST 1998-01-01 223,037   L   0 0    
    DASH POINT - 1999 CAPITAL IMPROVEMENTS 1999-07-01 1,212,220 635,906 SL 39.000000000000 31,083 31,083    
    DASH POINT - 1999 CAPITAL IMPROVEMENTS 1999-12-03 11,572 5,952 SL 39.000000000000 297 297    
    DASH POINT - 1999 CAPITAL IMPROVEMENTS 1999-12-09 116,208 59,724 SL 39.000000000000 2,980 2,980    
    DASH POINT - 1999 TENANT IMPROVEMENTS 1999-07-01 48,552 25,471 SL 39.000000000000 1,245 1,245    
    DASH POINT - 2000 CAPITAL IMPROVEMENTS 2000-03-02 40,227 20,405 SL 39.000000000000 1,031 1,031    
    DASH POINT - 2000 CAPITAL IMPROVEMENTS 2000-04-04 101,484 51,281 SL 39.000000000000 2,602 2,602    
    DASH POINT - 2000 CAPITAL IMPROVEMENTS 2000-06-28 23,657 11,862 SL 39.000000000000 607 607    
    DASH POINT - 2000 CAPITAL IMPROVEMENTS 2000-11-30 20,341 9,983 SL 39.000000000000 522 522    
    DASH POINT - 2001 IMPROVEMENTS 2001-05-25 416 205 SL 39.000000000000 11 11    
    DASH POINT - 2001 IMPROVEMENTS 2001-01-08 4,603 2,237 SL 39.000000000000 118 118    
    DASH POINT - 2001 IMPROVEMENTS 2001-04-25 201,839 96,816 SL 39.000000000000 5,175 5,175    
    DASH POINT - 2002 CAPITAL IMPROVEMENTS 2002-09-30 232,919 103,017 SL 39.000000000000 5,972 5,972    
    DASH POINT - 2002 CAPITAL IMPROVEMENTS 2002-12-31 21,351 9,299 SL 39.000000000000 547 547    
    TENANT IMPRVOVEMENTS 2003-07-01 51,626 21,791 SL 39.000000000000 1,324 1,324    
    DASH POINT - 2004 TENANT IMPROVEMENTS 2004-07-01 20,538 8,146 SL 39.000000000000 527 527    
    DASH POINT - 2005 CAPITAL IMPROVEMENTS 2005-07-01 64,580 23,944 SL 39.000000000000 1,656 1,656    
    DASH POINT - 2006 CAPITAL IMPROVEMENTS 2006-07-01 95,707 33,028 SL 39.000000000000 2,454 2,454    
    DASH POINT - 2007 CAPITAL IMPROVEMENTS 2007-07-01 218,686 69,857 SL 39.000000000000 5,607 5,607    
    DASH POINT - 2008 CAPITAL IMPROFEMENTS 2008-07-01 5,982 1,753 SL 39.000000000000 153 153    
    DASH POINT - 2008 TENANT IMPROVEMENTS 2008-07-01 30,216 8,881 SL 39.000000000000 775 775    
    DASH POINT - 2009 TENANT IMPROVEMENTS 2009-01-01 31,200 8,800 SL 39.000000000000 800 800    
    DASH POINT - 2012 TENANT IMPROVEMENTS 2012-07-01 23,005 4,401 SL 39.000000000000 590 590    
    DASH POINT - 2013 TENANT IMPROVEMENTS 2013-07-01 6,086 1,008 SL 39.000000000000 156 156    
    DASH POINT - BUILDING IMPROVEMENTS 2014-07-01 3,707 519 SL 39.000000000000 95 95    
    2015 IMPROVEMENTS 2015-07-01 26,091 2,983 SL 39.000000000000 669 669    
    2016 IMPROVEMENTS 2016-07-01 70,440 6,246 SL 39.000000000000 1,806 1,806    
    2017 IMPROVEMENTS 2017-07-01 150,675 9,497 SL 39.000000000000 3,863 3,863    
    2018 BUILDING IMPROVEMENTS - ROOF 2018-07-01 95,487 3,570 SL 39.000000000000 2,448 2,448    
    2018 IMPROVEMENTS 2018-07-01 7,387 276 SL 39.000000000000 189 189    
    LAND - GARNETT 2006-02-01 247,221   L   0 0    
    BUILDING - GARNETT 2006-02-01 741,664 263,861 SL 39.000000000000 19,017 19,017    
    TENANT IMPRVOVEMENTS - GARNETT 2008-11-15 4,900 1,402 SL 39.000000000000 126 126    
    TENANT IMPRVOVEMENTS - TOP CUT 2016-10-01 2,200 180 SL 39.000000000000 56 56    
    2019 BUILDING IMPROVEMENTS - ROOF 2019-07-01 98,732 1,160 SL 39.000000000000 2,532 2,532    
    DASH POINT - 2020 TENANT IMPROVEMENTS 2020-07-01 22,283   SL 39.000000000000 262 262    
    DASH POINT - 2020 BUILDING IMPROVEMENTS 2020-07-01 76,762   SL 39.000000000000 902 902    

    TY 2020 DistributionFromCorpusElection
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Election:
    THE FOUNDATION ELECTS UNDER IRC SECTION 4942(H)(2) AND REG SEC 53.4942(A)-3(D)(2) TO TREAT THE ENTIRE CURRENT YEAR QUALIFYING DISTRIBUTION AS BEING MADE OUT OF CORPUS. THERE WAS NO UNDISTRIBUTED INCOME FROM THE PRECEDING TAX YEAR.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK OF AMERICA C VAR CALLABLE 10/23/24 6,143 6,840
    BANK OF AMERICA C VAR CALLABLE 9/5/24 17,680 18,913
    CITIGROUP INC VAR CALLABE 01/30/23 24,580 25,080
    CITIGROUP INC VAR CALLABE 2/15/21 10,890 11,014
    CITIGROUP INC VAR CALLABE 9/12/24 2,745 3,109
    CITIGROUP INC 4% CALLABE 12/10/25 10,033 10,275
    JP MORGAN CHASE & VAR CALLABLE 05/01/20 26,447 25,903
    TRUIST FINL CORP 5.1% CALLABLE 3/1/30 4,015 4,570
    TRUIST FINL CORP 4.95% CALLABLE 9/1/25 6,015 6,585
    CITIGROUP INC VAR 99 CALLABE 2/15/21 22,011 21,976
    MORGAN STANLEY VAR 99 CALLABLE 01/15/21 26,981 26,696
    THE GOLDMAN SACHS VAR 99 24,845 24,938

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARIEL INT'L FD INST 284,521 294,443
    BANK OF AMERICA 7.25% PREFERRED CONV SER L DUE 01/30/13 29,676 30,372
    CLARKSTON PARTNERS FD 284,842 334,498
    EATON VANCE FLOATING RATE & HIGH INC 226,912 221,499
    EDGEWOOD GROWTH INSTL 302,192 1,000,873
    MATTHEWS ASIA DIVIDEND FD 211,086 332,100
    VANGUARD 500 INDEX FD 1,505,239 2,816,130
    WCM FOCUSED INT'L GROWTH 303,080 648,589
    MORGAN STANLEY 6.875% PFD 3,258 3,420
    US BANCORP 6.5% PFD 5,918 5,972

    TY 2020 InvestmentsLandSchedule2
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DASH POINT LAND 846,461 0 846,461 900,000
    DASH POINT DEPRECIABLE PROPERTY 4,607,185 2,447,760 2,159,425 4,823,000
    TULSA LAND 247,221 0 247,221 250,000
    TULSA BUILDING 748,765 284,642 464,123 800,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN INFRASTRUCTURE MLP OFFSHRE AT COST 155,068 76,491
    OCA GLOBAL PRIVATE EQUITY I LP AT COST 162,564 60,448
    OCA GSO CAPITAL SOLUTIONS OVERSEAS FUND II AT COST 50,083 34,298
    OCA KKR ENERGY FUND AT COST 210,863 138,967
    OCA OHA CREDIT FD SEG PORTFOLIO AT COST 424,242 447,791
    OCA SA MEZZANINE II AT COST 133,005 130,495

    TY 2020 LegalFeesSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 412 0   412
    LEGAL 21,555 21,555   0
    LEGAL 125 125   0


    TY 2020 OtherAssetsSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM DASH POINT TENNANTS 1,607 2,008 2,008
    PREPAID LEASING COMMISSIONS 3,459 45,013 45,013


    TY 2020 OtherExpensesSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE 386 193   193
    SECRETARIAL FEES 22,103 16,577   5,526
    INSURANCE 8,502 8,502   0
    PASS THROUGH EXPENSES FROM PARTNERSHIPS 4,420 4,420   0
    FILING FEES 144 0   144
    NONDEDUCTIBLE EXPENSES FROM PARTNERSHIPS 1,859 0   0
    REPAIRS 41,381 41,381   0
    COMMON AREA MAINTENANCE 78,412 78,412   0
    UTILITIES 21,504 21,504   0
    INSURANCE 27,391 27,391   0
    MANAGEMENT FEE 62,598 62,598   0
    SECURITY AND FIRE ALARM 45,873 45,873   0
    ENVIRONMENTAL REMEDIATION 48,475 48,475   0
    TRASH REMOVAL 39,827 39,827   0
    OFFICE AND ADMINSTRATIVE EXPENSES 785 785   0
    FILING FEES 300 300   0
    COMMON AREA MAINTENANCE 16,460 16,460   0
    INSURANCE 9,913 9,913   0
    ON SITE MANAGEMENT FEES 10,955 10,955   0
    ADMINISTRATIVE EXPENSES 387 387   0
    AMORTIZATION 10,795 10,795   0


    TY 2020 OtherIncomeSchedule2
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OCA KKR ENERGY FND 4,227 4,227 4,227
    OCA GLOBAL PRIVATE EQUITY I LP -63,452 -63,452 -63,452


    TY 2020 OtherLiabilitiesSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Description Beginning of Year - Book Value End of Year - Book Value
    TENANT SECURITY DEPOSITS 60,787 54,027


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    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    LA FAMILY HOUSING NONE 26,000 0 2011-08   DUE ON DEMAND 500.0000000000 % NONE FINANCE PURCHASE OF VAN BY SEC 501(C)(3) CHARITY   0

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 35,457 35,457   0
    OTHER PROFESSIONAL FEES 193 0   193


    TY 2020 TaxesSchedule
    Name:
    AUDREY & SYDNEY IRMAS
     
    CHARITABLE FOUNDATION
    EIN:
    95-4030813
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 66 66   0
    REAL ESTATE TAX 87,507 87,507   0
    REAL ESTATE TAX 13,361 13,361   0