| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PRESTIGE/HR SERVICE FEES | 480 | 0 | 431 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| SEVERANCE PAY | 990-PF, PAGE 6, PART VII, LINE 2 | THE COMPENSATION REPRESENTS SEVERANCE PAY FOR EMPLOYEES WHO WERE HIRED TO OPERATE THE FOUNDATION'S FARM. THE FARM WAS WHERE THE FOUNDATION CONDUCTED ITS DIRECT CHARITABLE ACTIVITIES. THEY WERE TERMINATED ON AUGUST 31, 2023 BECAUSE THE FOUNDATION SOLD THE FARM. BEFORE TERMINATION, THE EMPLOYEE'S LENGTH OF SERVICE FOR THE FOUNDATION, AND THE NUMBER OF MONTHS THAT SEVERANCE WAS PAID OUT, WAS AS FOLLOWS:BRIAN MANSOUR WORKED FOR THE FOUNDATION FOR 11 YEARS, 3 MONTHS, AND 15 DAYS AND WAS PAID OUT FOR 11 MONTHS AFTER AUGUST 31, 2023.ANNE KUPFERBERG WORKED FOR THE FOUNDATION FOR 15 YEARS, 11 MONTHS, AND 26 DAYS AND WAS PAID OUT FOR 15 MONTHS AFTER AUGUST 31, 2023.JUAN MORALES WORKED FOR THE FOUNDATION FOR 14 YEARS, 0 MONTHS, AND 23 DAYS AND WAS PAID OUT FOR 14 MONTHS AFTER AUGUST 31, 2023.EILEEN ZIDI WORKED FOR THE FOUNDATION FOR 11 YEARS, 4 MONTHS, AND 25 DAYS AND WAS PAID OUT FOR 11 MONTHS AFTER AUGUST 31, 2023. |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| KISCO TAX-EXEMPT INVESTORS | FMV | 3,163,465 | 3,638,215 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PORTFOLIO DEDUCTIONS KISCO TAX EXEMPT K-1 | 13,087 | 13,087 | 0 | |
| ADVERTISING | 170 | 0 | 153 | |
| OFFICE EXPENSE | 1,105 | 0 | 992 | |
| MEALS | 626 | 0 | 562 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INVESTMENT INCOME FROM K-1 | 2,956 | 324 | 2,956 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 20,000 | 0 | 20,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES - THRU K-1 | 1,189 | 1,189 | 0 | |
| PAYROLL TAXES | 30,591 | 0 | 27,467 | |
| STATE TAX PAYMENT | 250 | 0 | 224 |