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 12-01-2020 , and ending 11-30-2021
Name of foundation
SQA FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1172 S DIXIE HWY NO 628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIAMI, FL33146
A Employer identification number

65-0541856
B Telephone number (see instructions)

(305) 446-3022
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$9,065,168J 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) 95,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 134,698 134,698 134,698
4 Dividends and interest from securities... 125,369 125,369 125,369
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -498,583
b Gross sales price for all assets on line 6a 4,500,032
7 Capital gain net income (from Part IV, line 2)... 0
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 -1,897,660 -1,898,831 -1,897,660
12 Total. Add lines 1 through 11........ -2,041,176 -1,638,764 -1,637,593
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,000 0 0 200,000
14 Other employee salaries and wages...... 100,000 0 0 100,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,675 0 0 11,675
c Other professional fees (attach schedule)....        
17 Interest............... 52,194 52,194 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,360 1,225 0 19,411
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 103,513 77,594 0 25,060
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 488,742 131,013 0 356,146
25 Contributions, gifts, grants paid....... 611,500 611,500
26 Total expenses and disbursements. Add lines 24 and 25 1,100,242 131,013 0 967,646
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,141,418
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 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............. 20,105 47,735 47,735
2 Savings and temporary cash investments......... 1,736,038 1,809,194 1,809,194
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,099,965 Click to see attachment124,988 124,988
b Investments—corporate stock (attach schedule)....... 1,121,502 Click to see attachment1,363,759 1,363,759
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,170,957 Click to see attachment5,719,492 5,719,492
14 Land, buildings, and equipment: basis bullet31,066
Less: accumulated depreciation (attach schedule) bullet31,066      
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,148,567 9,065,168 9,065,168
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 428 428
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 428 428
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 12,148,139 9,064,740
29 Total net assets or fund balances (see instructions)..... 12,148,139 9,064,740
30 Total liabilities and net assets/fund balances (see instructions). 12,148,567 9,065,168
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
12,148,139
2
Enter amount from Part I, line 27a .....................
2
-3,141,418
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
58,019
4
Add lines 1, 2, and 3 ..........................
4
9,064,740
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
9,064,740
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 SPDR GOLD TR GOLD SHS   2011-06-22 2020-12-31
b UNITED STATES TREAS BILLS ZERO CPN   2020-09-03 2020-12-03
c UNITED STATES TREAS BILLS ZERO CPN   2020-11-10 2021-01-05
d UNITED STATES TREAS BILLS ZERO CPN   2021-01-12 2021-02-09
e UNITED STATES TREAS BILLS ZERO CPN   2021-01-05 2021-03-02
UNITED STATES TREAS BILLS ZERO CPN   2020-12-03 2021-03-04
UNITED STATES TREAS BILLS ZERO CPN   2021-02-09 2021-03-09
UNITED STATES TREAS BILLS ZERO CPN   2021-03-09 2021-04-06
UNITED STATES TREAS BILLS ZERO CPN   2021-03-02 2021-04-27
UNITED STATES TREAS BILLS ZERO CPN   2021-02-04 2021-05-06
UNITED STATES TREAS BILLS ZERO CPN   2021-02-11 2021-05-13
UNITED STATES TREAS BILLS ZERO CPN   2021-01-28 2021-05-27
UNITED STATES TREAS BILLS ZERO CPN   2021-03-04 2021-06-03
UNITED STATES TREAS BILLS ZERO CPN   2021-05-13 2021-08-12
UNITED STATES TREAS BILLS ZERO CPN   2021-08-12 2021-11-12
NET LONG-TERM CAPITAL GAINS FROM PARTNERSHIPS P    
NET SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS 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 644   572 72
b 599,841   599,841 0
c 499,934   499,934 0
d 199,988   199,988 0
e 499,934   499,934 0
599,871   599,871 0
199,995   199,995 0
199,995   199,995 0
499,969   499,969 0
124,979   124,979 0
124,989   124,989 0
99,975   99,975 0
599,939   599,939 0
124,995   124,995 0
124,984   124,984 0
      -89,724
      -408,931
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       72
b       0
c       0
d       0
e       0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      -89,724
      -408,931
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 -498,583
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 -408,931
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 0
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 0
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 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,000
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 5,000
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,000
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,000 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
 
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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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. Click to see attachment...............................
    10
    Yes
     
    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 addressbulletWWW.SQAFOUNDATION.ORG
    14
    The books are in care ofbulletHLB GRAVIER LLP Telephone no.bullet (305) 446-3022

    Located atbullet396 ALHAMBRA CIRCLE STE 900CORAL GABLESFL ZIP+4bullet33134
    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
    JEFFREY L NEUMAN DIRECTOR
    22.00     		0 0 0
    1172 S DIXIE HWY STE 628
    CORAL GABLES,FL33146
    LEONARDO D GRAVIER DIRECTOR
    2.00     		0 0 0
    C/O 1172 S DIXIE HWY STE 628
    CORAL GABLES,FL33146
    DAVID MALINA DIRECTOR
    1.00     		0 0 0
    C/O 1172 S DIXIE HWY STE 628
    CORAL GABLES,FL33146
    PATRICIA MACHADO DIRECTOR
    40.00     		200,000 0 0
    1172 S DIXIE HWY STE 628
    CORAL GABLES,FL33146
    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
    NANCY NEUMAN GRANTS MANAGER
    32.00     		100,000 0 0
    3361 LONGRIDGE TERRACE
    SHERMAN OAKS,CA91423
    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 WITH A FOCUS ON "WORKFORCE READINESS," GRANTS WERE TO HELP PROVIDE EDUCATION IN THE ENGLISH LANGUAGE IN SUPPORT OF THE PERSONAL AND PROFESSIONAL LIVES OF NEW YORK IMMIGRANTS. 210,000
    2 TO HELP THE UNIVERSTY OF PENNSYLVANIA THROUGH THE REALM OF ATHLETICS BY SUPPORTING ITS VARSITY BASKETBALL FUND, VARSITY SWIMMING FUND AND YOUNG QUAKERS LACROSSE FUND. 70,000
    3 TO SUPPORT THE OLDEST, CONTINUOUSLY OPERATED, COEDUCATIONAL SCHOOL IN NEW YORK CITY THAT SERVES STUDENTS FROM KINDERGARTEN TO GRADE 12. 61,500
    4 TO HELP A LEADING ACADEMIC MEDICAL CENTER ADVANCE ITS GOALS OF FURTHERING CLINICAL CARE, EDUCATION AND RESEARCH IN THE MEDICAL FIELD. 50,000
    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
    2,055,822
    b
    Average of monthly cash balances.......................
    1b
    2,691,502
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,719,492
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,466,816
    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
    9,466,816
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    142,002
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,324,814
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    466,241
    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
    466,241
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    466,241
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    466,241
    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
    466,241
    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
    967,646
    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
    967,646
    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
    967,646
    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 7 466,241
    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...... 272,663
    b From 2016...... 467,339
    c From 2017...... 349,311
    d From 2018...... 641,770
    e From 2019...... 679,540
    fTotal of lines 3a through e........ 2,410,623
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 967,646
    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)........     		0
    d Applied to 2020 distributable amount..... 466,241
    e Remaining amount distributed out of corpus 501,405
    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 2,912,028
    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) ...     		272,663
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,639,365
    10 Analysis of line 9:
    a Excess from 2016.... 467,339
    b Excess from 2017.... 349,311
    c Excess from 2018.... 641,770
    d Excess from 2019.... 679,540
    e Excess from 2020.... 501,405
    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).)
    JEFFREY L NEUMAN
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    AMERICAN MUSEUM OF NATURAL HISTORY
    200 CENTRAL PARK WEST
    NEW YORK,NY100245102     		N/A 501(C)3 TO SUPPORT SCIENTIFIC RESEARCH AND EDUCATION 2,500
    AMERICAN NATIONAL RED CROSS
    PO BOX 37839
    BOONE,IA500370839     		N/A 501(C)3 TO SUPPORT DISASTER RELIEF AND MEDICAL SUPPORT 15,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVE
    NEW YORK,NY11217     		N/A 501(C)3 TO SUPPORT MUSIC EDUCATION 15,000
    DOCTOR'S WITHOUT BORDERS USA
    PO BOX 5023
    HAGERSTOWN,MD217415023     		N/A 501(C)3 TO SUPPORT HUMANITARIAN AID PROJECTS 10,000
    FRIENDS SEMINARY
    222 EAST 16TH STREET
    NEW YORK,NY10003     		N/A 501(C)3 TO SUPPORT THE OLDEST, CONTINUOUSLY OPERATED SCHOOL IN NYC 61,500
    HOMELESS PERSONS REPRESENATION PROJECT
    201 NORTH CHARLES STREET SUITE 1104
    BALTIMORE,MD21201     		N/A 501(C)3 TO HELP END HOMELESSNESS FOR YOUTHS 3,750
    HOPE STONE INC
    2726 BISSONNET STE 240-513
    HOUSTON,TX77005     		N/A 501(C)3 TO SUPPORT THE ARTS FOR UNDERSERVED CHILDREN AND ADULTS 20,000
    LA MAMA EXPERIMENTAL THEATRE
    66 EAST 4TH STREET
    NEW YORK,NY10003     		N/A 501(C)3 TO SUPPORT PERFORMING ARTS 15,000
    LADIES EMPOWERMENT & ACTION PROGRAM
    3141 SW 8TH STREET
    MIAMI,FL33135     		N/A 501(C)3 TO HELP INCARCERATED WOMEN RE-ENTER SOCIETY THROUGH EDUCATION, TRAINING AND MENTORSHIP 15,000
    MCBURNEY YMCA
    5 WEST 63RD STREET 6TH FLOOR
    NEW YORK,NY10023     		N/A 501(C)3 TO SUPPORT EDUCATION AND YOUTH DEVELOPMENT 20,000
    PUBLIC THEATRE
    425 LAFAYETTE STREET
    NEW YORK,NY10003     		N/A 501(C)3 TO SUPPORT THE ARTS 15,000
    SHALOM HARTMAN INSTITUTE OF NORTH AMERICA
    475 RIVERSIDE DRIVE SUITE 1450
    NEW YORK,NY10115     		N/A 501(C)3 TO SUPPORT JEWISH HISTORY 25,000
    SMILE TRAIN
    633 THIRD AVE 9TH FLOOR
    NEW YORK,NY10017     		N/A 501(C)3 TO HELP PROVIDE CLEFT TREATMENT TO YOUTHS 30,000
    SQA EDUCATION INC
    1172 S DIXIE HWY SUITE 628
    CORAL GABLES,FL33146     		N/A 501(C)3 TO HELP PROVIDE EDUCATION IN THE ENGLISH LANGUAGE AND ON WORKFORCE READINESS 210,000
    TEAM STEADY BUCKETS
    27 UNION SQUARE WEST SUITE 307
    NEW YORK,NY10003     		N/A 501(C)3 TO SUPPORT THE CHILDREN IN THE COMMUNITY THROUGH BASKETBALL 5,000
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT STREET SUITE 305
    PHILADELPHIA,PA191046284     		N/A 501(C)3 TO SUPPORT RESEARCH AND HIGHER EDUCATION 70,000
    WHITNEY MUSEUM OF AMERICAN ART
    99 GANSEVOORT STREET
    NEW YORK,NY10014     		N/A 501(C)3 TO SUPPORT THE EDUCATION OF THE ARTS 1,000
    DIA ART FOUNDATION
    535 WEST 22ND STREET
    NEW YORK,NY10011     		N/A 501(C)3 TO SUPPORT THE EDUCATION OF THE ARTS 250
    O STREET MUSEUM FOUNDATION
    2020 O STREET NW
    WASHINGTON,DC20036     		N/A 501(C)3 TO SUPPORT CREATIVITY, DIVERSITY AND IMAGINATION THROUGH THE ARTS, SCIENCE AND SPORTS 2,500
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVENUE
    NEW YORK,NY10028     		N/A 501(C)3 TO SUPPORT THE ARTS 5,000
    THE BROTHERHOOD SYNAGOGUE
    28 GRAMERCY PARK S
    NEW YORK,NY10003     		N/A 501(C)3 TO SUPPORT JEWISH HISTORY 20,000
    LOMA LINDA UNIVERSITY MEDICAL CENTER
    PO BOX 2000
    LOMA LINDA,CA92354     		N/A 501(C)3 TO HELP A LEADING ACADEMIC MEDICAL CENTER ADVANCE ITS GOALS OF FURTHERING CLINICAL CARE, EDUCATION AND RESEARCH IN THE MEDICAL FIELD. 50,000
    Total .................................bullet 3a 611,500
    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 ...........     		    14 134,698  
    4 Dividends and interest from securities....     14 125,369  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot 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 -498,583  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTIES     		    15 4,382  
    bPORTFOLIO K-1 INCOME FROM ARENA SHORT DURATION - SERIES B     14 1,081  
    cPORTFOLIO K-1 INCOME FROM ARENA SHORT DURATION - SERIES A     14 883  
    dORDINARY K-1 INCOME FROM MILLIE INVESTMENT PARTNERS, LLC     14 599  
    eOTHER K-1 INCOME FROM OSAGE UNIVERSITY PARTNERS I, LP     14 50  
    fOTHER K-1 INCOME FROM OSAGE UNIVERSITY PARTNERS II, LP     14 131  
    gBOOK-TO-TAX DIFFERENCE FROM PARTNERSHIPS     14 -1,905,957  
    hOTHER INCOME     01 1,171  
    12 Subtotal. Add columns (b), (d), and (e).. 0 -2,136,176 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -2,136,176
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    SQA FOUNDATION INC
     
    Employer identification number

    65-0541856
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    SQA FOUNDATION INC
          		Employer identification number
    65-0541856
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    SQA EDUCATION INC
     
    17 EAST 12TH STREET UNIT 3
     
    NEW YORK, NY10001

    		$ 95,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    SQA FOUNDATION INC
          		Employer identification number

    65-0541856
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    SQA FOUNDATION INC
          		Employer identification number

    65-0541856
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,675 0 0 11,675

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALTRIA GROUP 212,496 212,496
    AMERICAN ELECTRIC 131,441 131,441
    DEUTSCHE TELEKOM 104,725 104,725
    ISHARES TR FTSE 50,589 50,589
    JOHNSON & JOHNSON 166,380 166,380
    PZENA INVT MGMT INC 12,550 12,550
    SECTOR SPDR 215,528 215,528
    SPDR GOLD 165,500 165,500
    WISDOMTREE 127,294 127,294
    SAN JUAN BASIN ROYALTY 54,625 54,625
    BERKSHIRE HATHAWAY INC 2,767 2,767
    KIRKLAND LAKE GOLD LTD 119,864 119,864

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    US Government Securities - End of Year Book Value:

    124,988
    US Government Securities - End of Year Fair Market Value:

    124,988
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARENA SHORT DURATION HIGH - SERIES A AT COST 1,594,356 1,594,356
    ARENA SHORT DURATION HIGH - SERIES B AT COST 258,813 258,813
    MILLIE INVESTMENT PARTNERS, LLC AT COST 2,649 2,649
    MINERVA GROUP, LP AT COST 677,499 677,499
    OSAGE UNIVERSITY PARTNERS I LLC AT COST 183,312 183,312
    OSAGE UNIVERSITY PARTNERS II LLC AT COST 358,556 358,556
    OSAGE VENTURE PARTNERS III LP AT COST 275,210 275,210
    OSAGE VENTURE PARTNERS IV LP AT COST 261,501 261,501
    TUSK VENTURE PARTNERS II LP AT COST 411,600 411,600
    MERCEDES-BENZ NOTE RECEIVABLE AT COST 1,000,000 1,000,000
    HIGHBRIDGE SPAC OPPORTUNITY FUND AT COST 375,399 375,399
    OSAGE VENTURE PARTNERS V LP AT COST 191,250 191,250
    TUSK VENTURE PARTNERS III LP AT COST 129,347 129,347

    TY 2020 OtherAssetsSchedule
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SOFTWARE 0 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEE 863 179 0 0
    COMPUTER EXPENSE 1,232 0 0 1,232
    DUES & SUBSCRIPTIONS 120 0 0 120
    INVESTMENT EXPENSES 1,307 1,307 0 0
    PAYROLL PROCESSING FEES 1,956 0 0 1,956
    INSURANCE 1,829 0 0 1,829
    OTHER DEDCUTIONS PER K-1 76,108 76,108 0 0
    FOUNDATION ADMINISTRATION 19,923 0 0 19,923
    OFFICE SUPPLIES 175 0 0 0


    TY 2020 OtherIncomeSchedule2
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 4,382 4,382 4,382
    PORTFOLIO K-1 INCOME FROM ARENA SHORT DURATION - SERIES B 1,081 1,081 1,081
    PORTFOLIO K-1 INCOME FROM ARENA SHORT DURATION - SERIES A 883 883 883
    ORDINARY K-1 INCOME FROM MILLIE INVESTMENT PARTNERS, LLC 599 599 599
    OTHER K-1 INCOME FROM OSAGE UNIVERSITY PARTNERS I, LP 50 50 50
    OTHER K-1 INCOME FROM OSAGE UNIVERSITY PARTNERS II, LP 131 131 131
    BOOK-TO-TAX DIFFERENCE FROM PARTNERSHIPS -1,905,957 -1,905,957 -1,905,957
    OTHER INCOME 1,171   1,171


    TY 2020 OtherIncreasesSchedule
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Description Amount
    UNREALIZED GAIN/LOSS ON SECURITIES 58,019


    TY 2020 SubstantialContributorsSch
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Name Address
    JEFF NEUMAN 1172 S DIXIE HWY 628
    MIAMI,FL33146


    TY 2020 TaxesSchedule
    Name:
    SQA FOUNDATION INC
    EIN:
    65-0541856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES - P/R TAXES 19,411 0 0 19,411
    TAXES - FOREIGN 1,225 1,225 0 0
    TAXES & LICENSES 311 0 0 0
    PENALTIES 413 0 0 0