TY 2021 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	3,720
	2	Savings and temporary cash investments.........	397,330	462,171	462,171
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	1,699,776	1,867,608	1,999,958
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,100,826	2,329,779	2,462,129
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	6,349	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	2,094,477	2,329,779
	29	Total net assets or fund balances (see instructions).....	2,100,826	2,329,779
	30	Total liabilities and net assets/fund balances (see instructions).	2,100,826	2,329,779

(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
1 a	COMM SERV SELECT SECTOR SPDR	P
b	CONS DISCRET SEL SECT SPDR FD	P
c	ENERGY SEL SECT SPDR FD	P
d	HEALTH CARE SEL SECT SPDR FD	P
e	INDUSTRIAL SEL SEC SPDR FD	P
	ISHARES MSCI ASIA EX-JAPAN ETF	P
	ISHARES RUSSELL 2000 ETF	P
	ISHARES US FIN SERVICES ETF	P
	THE FINANCIAL SEL SECT SPDR FD	P
	THE TECHNOLOGY SEL SEC SPDR FD	P
	CONS DISCRET SEL SECT SPDR FD	P
	ENERGY SEL SECT SPDR FD	P
	FIRST TRUST DJ INTERNET IDX	P
	ISHARES CORE MSCI EMERGING	P
	ISHARES INC MSCI JAPAN ETF	P
	ISHARES MSCI CANADA ETF	P
	ISHARES MSCI EMU ETF	P
	ISHARES MSCI PAC EX-JPN ETF	P
	ISHARES MSCI SWEDEN ETF	P
	ISHARES MSCI SWITZERLAND ETF	P
	ISHARES MSCI UNITED KINGDOM ET	P
	ISHARES NASDAQ BIOTECH ETF	P
	NEUBERGER BERMAN EQ INC A	P
	REAL ESTATE SELECT SECT SPDR	P
	SPDR S&P INSURANCE ETF	P
	UTILITIES SEL SECT SPDR FUND	P
	VANGUARD CONSM STPLES ET ETF	P
	VANGUARD INDUSTRIAL ETF	P
	VANGUARD INFO TECH ETF	P
	VANGUARD MATERIAL ETF	P
	NEUBERGER BERMAN EQ INC A	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,907	12,449	1,458
b	7,028	5,594	1,434
c	17,409	17,195	214
d	3,657	3,429	228
e	80,412	70,048	10,364
	77,627	83,737	-6,110
	53,218	51,421	1,797
	801	744	57
	18,270	16,282	1,988
	23,704	21,296	2,408
	2,893	1,667	1,226
	8,044	10,253	-2,209
	29,685	16,318	13,367
	47,316	32,207	15,109
	16,515	14,828	1,687
	16,724	14,727	1,997
	47,910	45,132	2,778
	30,458	26,295	4,163
	4,440	3,488	952
	13,129	10,299	2,830
	35,798	41,692	-5,894
	18,489	11,342	7,147
	372,662	323,879	48,783
	7,930	6,690	1,240
	4,667	4,209	458
	7,735	6,781	954
	32,651	27,493	5,158
	32,265	20,067	12,198
	52,847	25,876	26,971
	10,412	8,729	1,683
	124,245	104,202	20,043

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			1,458
b			1,434
c			214
d			228
e			10,364
			-6,110
			1,797
			57
			1,988
			2,408
			1,226
			-2,209
			13,367
			15,109
			1,687
			1,997
			2,778
			4,163
			952
			2,830
			-5,894
			7,147
			48,783
			1,240
			458
			954
			5,158
			12,198
			26,971
			1,683
			20,043

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	174,479
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,801
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	2,801
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,190
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,400
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	5,590
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,789
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax2,789	Refunded	11	0

(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
JUDITH P YANOVER	PRES. TREAS 1.00	0	0	0
570 OCEAN DRIVE 701 JUNO BEACH,FL334081954
JENNIFER D LARIVIERE	DIRECTOR 1.00	0	0	0
5572 SUNNYCREST DRIVE WEST BLOOMFIELD,MI48323
J JONATHAN YANOVER	DIRECTOR 1.00	0	0	0
2745 FOREST LODGE DRIVE TRAVERSE CITY,MI49685

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

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					113,170
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	111,698
b From 2017......	89,782
c From 2018......	202,782
d From 2019......	124,300
e From 2020......	35,559
f Total of lines 3a through e ........		564,121
4Qualifying distributions for 2021 from Part
XI, line 4: $ 100,000
a Applied to 2020, 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 2021 distributable amount.....					100,000
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		13,170			13,170
(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		550,951
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					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 2016 not applied on line 5 or line 7 (see instructions) ...		98,528
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		452,423
10 Analysis of line 9:
a Excess from 2017....	89,782
b Excess from 2018....	202,782
c Excess from 2019....	124,300
d Excess from 2020....	35,559
e Excess from 2021....

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) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

JUDITH YANOVER
570 OCEAN DRIVE701
JUNO BEACH,FL33408
(850) 916-1548
JY

bThe form in which applications should be submitted and information and materials they should include:

PRESS RELEASE. ON 3/5/99 BOB & JUDY YANOVER OF JUPITER, FL ANNOUNCED THE ESTABLISHMENT OF THE PRIME TIME FOUNDATION TO BENEFIT ONE STUDENT OF ABACO AND ONE FROM ELEUTHERA ANNUALLY IN THEIR PURSUIT OF TERTIARY EDUCATIONAL OPPORTUNITIES AT 3 UNIVERSITIES: UNIVERSITY OF MICHIGAN, LOUISIANA STATE UNIVERSITY AND THE UNIVERSITY OF FLORIDA. THEIR PURPOSE IS TO PROVIDE COLLEGE SCHOLARSHIPS TO WORTHY STUDENTS FROM THE BAHAMAS, WITH SPECIAL CONSIDERATION GIVEN TO THE ABACOS AND ELEUTHERA. S.MCKINNEY OF TREASURE CAY ABACO SERVES AS THE LOCAL COORDINATOR IN CONJUNCTION WITH THE DISTRICT SUPERINTENDENT OF SCHOOLS FOR ABACO, J. MCINTOSH AND C. FERGUSON, SUPERINTENDENT OF SCHOOLS FOR THE ISLAND OF ELEUTHERA. THEIR ROLE WILL BE TO DEVELOP A LIST OF POTENTIAL CANDIDATES WHICH WILL BE PRESENTED TO THE FOUNDATION AND THE PARTICIPATING UNIVERSITIES FOR FINAL SELECTION. THE AWARDS WILL BE BASED UPON SCHOLASTIC ACHIEVEMENT, CHARACTER OF INDIVIDUAL AND RECOMMENDATIONS OF THEIR TEACHERS.

cAny submission deadlines:

ALL APPLICATIONS SHOULD BE RETURNED TO SUPERINTENDENT OF SCHOOLS ON ABACO & ELEUTHERA ON/BEFO JULY21

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

PRIME TIME FOUNDATION STUDENT CRITERIA: 1) POTENTIAL RECIPIENTS MUST BE A FULL TIME RESIDENT OF THE ABACO BAHAMAS OR ELEUTHERA BAHAMAS. 2) RECIPIENTS MUST DEMONSTRATE FINANCIAL NEED. 3) RECIPIENTS MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS (SEE CRITERIA FOR REMAINING A RECIPIENT). 4) THE SCHOLARSHIP WILL BE AWARDED TO THE STUDENT WITH THE BEST ACADEMIC RECORD WHO ALSO DEMONSTRATES LEADERSHIP QUALITIES AND/OR A RECORD OF COMMUNITY SERVICE. 5) UPON GRADUATION, THE RECIPIENT SHOULD AGREE TO RETURN TO THE BAHAMAS FOR A PERIOD OF 5 YEARS TO CONTRIBUTE THEIR SKILLS TO THE IMPROVEMENT OF LIFE IN THE BAHAMAS. PRIME TIME FOUNDATION CRITERIA FOR REMAINING A RECIPIENT OF THE 4 YEAR PRIME TIME SCHOLARSHIP: THE PRIME TIME SCHOLARSHIP MAY BE WITHDRAWN IF: 1) A GPA OF 2.5 WITH A FULL ACADEMIC LOAD IS NOT MAINTAINED. 2) THE RECIPIENT IS PLACED ON DISCIPLINARY PROBATION. 3) THE RECIPIENT RESIGNS OR DROPS OUT OF THE UNIVERSITY. 4) THE RECIPIENT FAILS TO REMAIN ENROLLED AS A FULL TIME STUDENT.

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
UNIVERSITY OF MICHIGAN 625 S STATE STREET ANN ARBOR,MI48109	DONEE	PC	SCHOLARSHIP PROGRAM	100,000
Total ................................. 3a	100,000

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	129,870
2	Check .............
3	Interest on savings and temporary cash investments	51		51
4	Dividends and interest from securities...	34,176		34,176
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		174,479
b	Gross sales price for all assets on line 6a 1,212,848
7	Capital gain net income (from Part IV, line 2)...			174,479
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).......		196	196
12	Total. Add lines 1 through 11........	338,772		208,902
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		7,382	7,382	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		61	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,101	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	8,544		7,382	0
25	Contributions, gifts, grants paid.......	100,000			100,000
26	Total expenses and disbursements. Add lines 24 and 25	108,544		7,382	100,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	230,228
b	Net investment income (if negative, enter -0-)			201,520
c	Adjusted net income (if negative, enter -0-)...

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

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	(e) Related or exempt function income (See instructions.)
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	51
4 Dividends and interest from securities ....
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	174,479
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		208,902	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization PRIME TIME FOUNDATION INC

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	ROBERT A YANOVER CLAT 570 OCEAN DRIVE APT 701 JUNO BEACH, FL33408	$ 129,870	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF MICHIGAN 625 S STATE STREET ANN ARBOR,MI48109	DONEE	PC	SCHOLARSHIP PROGRAM	100,000
Total ................................. 3a				100,000

bApproved for future payment

Total ................................. 3b				0

Name of organization PRIME TIME FOUNDATION INC		Employer identification number 65-0875903

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) (2021)


Name of organization PRIME TIME FOUNDATION INC			Employer identification number 65-0875903
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.) $ Use duplicate copies of Part III if additional space is needed.

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