Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE ATLANTIC FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14 FAIRGROUNDS ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HAMILTON, NJ08619
A Employer identification number

22-6054882
B Telephone number (see instructions)

(609) 689-1040
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$32,127,178J 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 right arrow.............
3 Interest on savings and temporary cash investments 25,500 25,500  
4 Dividends and interest from securities... 479,972 479,972  
5a Gross rents............ 8,190    
b Net rental income or (loss) 8,190
6a Net gain or (loss) from sale of assets not on line 10 391,625
b Gross sales price for all assets on line 6a 27,849,337
7 Capital gain net income (from Part IV, line 2)... 391,625
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
List of Attached Documents:
// Content
3 3  
12 Total. Add lines 1 through 11........ 905,290 897,100  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,270 22,635   22,635
14 Other employee salaries and wages...... 51,514 20,606   30,909
15 Pension plans, employee benefits....... 117,731 47,092   70,638
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,633 1,633    
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,000 18,000   12,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
322,549 195,102   127,447
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,741 4,741    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
264,750 130,367  
20 Occupancy.............. 291,905 116,762   175,143
21 Travel, conferences, and meetings....... 3,648 1,459   2,189
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
74,910 39,138   35,772
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,208,651 597,535   476,733
25 Contributions, gifts, grants paid....... 3,739,400 3,739,400
26 Total expenses and disbursements. Add lines 24 and 25 4,948,051 597,535   4,216,133
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,042,761
b Net investment income (if negative, enter -0-) 299,565
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 64,397 46,969  
2 Savings and temporary cash investments......... 2,170,108 574,781  
3 Accounts receivable right arrow340,389
Less: allowance for doubtful accounts right arrow   242,624 340,389  
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow950,000
Less: allowance for doubtful accounts right arrow   950,000 Click to see attachment
List of Attached Documents:
// Content
950,000 		 
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)....... 16,952,190 Click to see attachment
List of Attached Documents:
// Content
18,604,892 		18,604,892
c Investments—corporate bonds (attach schedule)....... 7,434,076 Click to see attachment
List of Attached Documents:
// Content
6,020,361 		6,020,361
11 Investments—land, buildings, and equipment: basis right arrow6,100,485
Less: accumulated depreciation (attach schedule) right arrow4,279,666 1,953,186 Click to see attachment
List of Attached Documents:
// Content
1,820,819 		1,820,971
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,324,439 Click to see attachment
List of Attached Documents:
// Content
3,855,678 		3,855,678
14 Land, buildings, and equipment: basis right arrow6,159,454
Less: accumulated depreciation (attach schedule) right arrow4,334,330 1,957,821 Click to see attachment
List of Attached Documents:
// Content
1,825,124 		1,825,276
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,347 		Click to see attachment
List of Attached Documents:
// Content
7,972 		 
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,052,188 34,046,985 32,127,178
Liabilities 17 Accounts payable and accrued expenses.......... 213,164 304,738
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
16,643 		Click to see attachment
List of Attached Documents:
// Content
4,172
23 Total liabilities (add lines 17 through 22)......... 229,807 308,910
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 35,822,381 33,738,075
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 35,822,381 33,738,075
30 Total liabilities and net assets/fund balances (see instructions). 36,052,188 34,046,985
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
35,822,381
2
Enter amount from Part I, line 27a .....................
2
-4,042,761
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,958,455
4
Add lines 1, 2, and 3 ..........................
4
33,738,075
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
33,738,075
Form 990-PF (2024)
Form 990-PF (2024)
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 VANGUARD CORE BOND FUND P   2024-12-31
b VANGUARD CORE BOND FUND P   2024-12-31
c VANGUARD INTER TERM INVESTMENT FUND P   2024-12-31
d VANGUARD INTER TERM INVESTMENT FUND P   2024-12-31
e VANGUARD INTL GROWTH FUND P   2024-12-31
VANGUARD INTL GROWTH FUND P   2024-12-31
VANGUARD INTL VALUE FUND P   2024-12-31
VANGUARD INTL VALUE FUND P   2024-12-31
VANGUARD LONG TERM INVEST GRADE P   2024-12-31
VANGUARD LONG TERM INVEST GRADE P   2024-12-31
VANGUARD SHORT TERM INVEST GRADE P   2024-12-31
VANGUARD SHORT TERM INVEST GRADE P   2024-12-31
VANGUARD STRATEGIC EQUITY FUND P   2024-12-31
VANGUARD STRATEGIC EQUITY FUND P   2024-12-31
VANGUARD TOTAL INTL STOCK FD P   2024-12-31
VANGUARD TOTAL INTL STOCK FD P   2024-12-31
VANGUARD STOCK MKT INDEX FD P   2024-12-31
VANGUARD STOCK MKT INDEX FD P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD WINDSOR II FUND P   2024-12-31
VANGUARD WINDSOR II FUND P   2024-12-31
VANGUARD CORE BOND FUND P   2024-12-31
VANGUARD CORE BOND FUND P   2024-12-31
VANGUARD INTER TERM INVESTMENT GRADE P   2024-12-31
VANGUARD INTER TERM INVESTMENT GRADE P   2024-12-31
VANGUARD INTL GROWTH FUND P   2024-12-31
VANGUARD INTL GROWTH FUND P   2024-12-31
VANGUARD INTL VALUE FUND P   2024-12-31
VANGUARD LONG TERM INVESTMENT GRADE P   2024-12-31
VANGUARD LONG TERM INVESTMENT GRADE P   2024-12-31
VANGUARD SHORT TERM INVESTMENT GRADE P   2024-12-31
VANGUARD SHORT TERM INVESTMENT GRADE P   2024-12-31
VANGUARD STRATEGIC EQUITY FUND P   2024-12-31
VANGUARD TOTAL INTL STOCK FD P   2024-12-31
VANGUARD TOTAL STOCK MKT INDEX P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD WINDSOR II FUND P   2024-12-31
VANGUARD CORE BOND FUND P   2024-12-31
VANGUARD INTL GROWTH FD P   2024-12-31
VANGUARD INTL VALUE FUND P   2024-12-31
VANGUARD SHORT TERM INVESTMENT GRADE P   2024-12-31
VANGUARD STRATEGIC EQUITY FUND P   2024-12-31
VANGUARD TOTAL INTL STOCK P   2024-12-31
VANGUARD TOTAL STOCK MKT P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD WINDSOR II FUND P   2024-12-31
VANGUARD CORE BOND FUND P   2024-12-31
VANGUARD CORE BOND FUND P   2024-12-31
VANGUARD INTER TERM INVESTMENT GRADE P   2024-12-31
VANGUARD INTER TERM INVESTMENT GRADE P   2024-12-31
VANGUARD INTL GROWTH FUND P   2024-12-31
VANGUARD INTL VALUE FUND P   2024-12-31
VANGUARD INTL VALUE FUND P   2024-12-31
VANGUARD LONG TERM INVESTMENT GRADE P   2024-12-31
VANGUARD LONG TERM INVESTMENT GRADE P   2024-12-31
VANGUARD REAL ESTATE INDEX FUND P   2024-12-31
VANGUARD SHORT TERM INVESTMENT GRADE P   2024-12-31
VANGUARD STRATEGIC EQUITY FUND P   2024-12-31
VANGUARD STRATEGIC EQUITY FUND P   2024-12-31
VANGUARD TOTAL INTL BOND INDEX P   2024-12-31
VANGUARD TOTAL INTL BOND INDEX P   2024-12-31
VANGUARD TOTAL INTL STOCK INDEX P   2024-12-31
VANGUARD TOTAL INTL STOCK INDEX P   2024-12-31
VANGUARD TOTAL STOCK MARKET INDEX P   2024-12-31
VANGUARD TOTAL STOCK MARKET INDEX P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD US GROWTH FUND P   2024-12-31
VANGUARD WINDSOR II FUND P   2024-12-31
VANGUARD WINDSOR II FUND P   2024-12-31
VANGUARD INTL GROWTH FUND P   2024-12-31
VANGUARD REIT INDEX FUND P   2024-12-31
VANGUARD INTER TERM BOND FUND P   2024-12-31
VANGUARD LONG TERM INVESTMENT GRADE P   2024-12-31
VANGUARD LONG TERM INVESTMENT GRADE P   2024-12-31
ALLIANCE BERNSTEIN AC 033-43614 P   2024-12-31
ALLIANCE BERNSTEIN AC 888-B4902 P   2024-12-31
ALLIANCE BERNSTEIN AC 033-43608 P   2024-12-31
ALLIANCE BERNSTEIN AC 888-B4900 P   2024-12-31
ALLIANCE BERNSTEIN AC 033-43612 P   2024-12-31
ALLIANCE BERNSTEIN AC 888-B4987 P   2024-12-31
ALLIANCE BERNSTEIN AC 034-24759 P   2024-12-31
ALLIANCE BERNSTEIN AC 888- P   2024-12-31
(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 65,764   65,218 546
b 740,817   734,668 6,149
c 13,808   16,996 -3,188
d 165,558   203,777 -38,219
e 40,968   60,126 -19,158
441,375   647,765 -206,390
34,911   36,382 -1,471
445,006   463,762 -18,756
23,955   35,389 -11,434
176,419   260,627 -84,208
34,382   36,892 -2,510
403,682   433,132 -29,450
22,908   26,579 -3,671
284,944   330,599 -45,655
71,384   65,578 5,806
885,182   813,178 72,004
113,933   79,689 34,244
1,561,705   1,092,311 469,394
52,927   55,499 -2,572
698,920   732,882 -33,962
43,577   42,002 1,575
574,286   553,523 20,763
14,766   14,616 150
461,456   456,762 4,694
179   224 -45
105,857   132,322 -26,465
16,959   25,021 -8,062
242,254   357,409 -115,155
292,434   306,776 -14,342
11,316   16,719 -5,403
105,197   155,425 -50,228
10,811   11,641 -830
247,763   266,779 -19,016
180,603   213,175 -32,572
581,684   527,601 54,083
1,012,946   691,082 321,864
3,646   3,892 -246
406,644   434,116 -27,472
372,485   360,443 12,042
53,367   52,768 599
28,223   42,685 -14,462
34,208   35,879 -1,671
29,024   31,352 -2,328
21,210   25,039 -3,829
68,158   62,418 5,740
122,562   84,055 38,507
45,150   48,473 -3,323
44,458   43,051 1,407
103,012   107,188 -4,176
111,517   115,884 -4,367
24,321   26,534 -2,213
25,986   28,309 -2,323
69,262   60,297 8,965
65,549   59,356 6,193
94,042   85,291 8,751
25,579   30,325 -4,746
24,631   29,091 -4,460
58,588   55,320 3,268
57,009   58,367 -1,358
53,375   50,947 2,428
48,366   46,297 2,069
45,095   47,497 -2,402
45,632   48,041 -2,409
133,016   118,103 14,913
195,368   173,992 21,376
242,232   153,493 88,739
315,558   202,080 113,478
93,727   73,454 20,273
142,099   113,384 28,715
93,820   83,271 10,549
119,687   106,854 12,833
92,021   80,225 11,796
54,141   50,772 3,369
11,995   14,999 -3,004
771   1,151 -380
12,035   17,964 -5,929
5,439,529   5,909,078 -469,549
2,650,983   2,305,727 345,256
3,591,016   3,840,134 -249,118
697,565   578,139 119,426
392,885   411,866 -18,981
80,596   64,535 16,061
1,003,705   988,253 15,452
145,229   135,197 10,032
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       546
b       6,149
c       -3,188
d       -38,219
e       -19,158
      -206,390
      -1,471
      -18,756
      -11,434
      -84,208
      -2,510
      -29,450
      -3,671
      -45,655
      5,806
      72,004
      34,244
      469,394
      -2,572
      -33,962
      1,575
      20,763
      150
      4,694
      -45
      -26,465
      -8,062
      -115,155
      -14,342
      -5,403
      -50,228
      -830
      -19,016
      -32,572
      54,083
      321,864
      -246
      -27,472
      12,042
      599
      -14,462
      -1,671
      -2,328
      -3,829
      5,740
      38,507
      -3,323
      1,407
      -4,176
      -4,367
      -2,213
      -2,323
      8,965
      6,193
      8,751
      -4,746
      -4,460
      3,268
      -1,358
      2,428
      2,069
      -2,402
      -2,409
      14,913
      21,376
      88,739
      113,478
      20,273
      28,715
      10,549
      12,833
      11,796
      3,369
      -3,004
      -380
      -5,929
      -469,549
      345,256
      -249,118
      119,426
      -18,981
      16,061
      15,452
      10,032
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 2 391,625
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 2,898
Part V
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 right arrow 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) 1 4,164
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  
3 Add lines 1 and 2........................... 3 4,164
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,164
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 196
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 4,360
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowN/A
14
The books are in care ofright arrowATLANTIC FOUNDATION Telephone no.right arrow (609) 689-1040

Located atright arrow14 FAIRGROUNS ROADHAMILTONNJ ZIP+4right arrow08619
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
JOHN S JOHNSON III CEO
025.00 		8,550    
14 FAIRGROUNDS ROAD
HAMILTON,NJ08619
MICHAEL GREENLEAF TREASURER
025.00 		36,720    
14 FAIRGROUNDS ROAD
HAMILTON,NJ08619
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...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
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
JFO LLC CONSULTING 306,056
1 LAWYERS LANE
HOPEWELL,NJ08525
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-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 Support of Grounds For Sculpture relating top the operations of a sculpture park open to the public. Activities include public tours, membership and admissions programs, various sculpture related events, childrens' programs, artists' lectures and viewing of artwork. 78,823
2 Support of The Seward Johnson Atelier, a nonprofit organization formed for the purpose of enhancing public awareness pertaining to the appreciation of sculpture through the production of several exhibitions throughout the world and the acquisition of sculpture to display and educate the general puvblic in the arts. 143,065
3  
4  
Part VIII-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.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
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
28,525,077
b
Average of monthly cash balances.......................
1b
936,845
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
29,461,922
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
29,461,922
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
441,929
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,019,993
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,451,000
Part X
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 IX, line 6..................
1
1,451,000
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,164
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,164
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,446,836
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,446,836
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,446,836
Part XI
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
4,216,133
b
Program-related investments—total from Part VIII-B..................
1b
 
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 XII, line 4. .......
4
4,216,133
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,446,836
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 3,123,460
b From 2020...... 12,176,340
c From 2021...... 4,851,505
d From 2022...... 5,122,532
e From 2023...... 18,647,095
f Total of lines 3a through e ........ 43,920,932
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,216,133
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 1,446,836
e Remaining amount distributed out of corpus 2,769,297
5 Excess distributions carryover applied to 2024.    
(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 46,690,229
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		3,123,460
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		43,566,769
10 Analysis of line 9:
a Excess from 2020.... 12,176,340
b Excess from 2021.... 4,851,505
c Excess from 2022.... 5,122,532
d Excess from 2023.... 18,647,095
e Excess from 2024.... 2,769,297
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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          
Part XIV
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
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

SEWARD JOHNSON ATELIER INC

14 FAIRGROUNDS ROAD
HAMILTON,NJ08619 		  POF GENERAL OPERATING SUPPORT 1,400,000

HARMONY INSTITUTE

311 WEST 43RD STREET 12TH FLOOR
NEW YORK,NY10036 		  PC GENERAL OPERATING SUPPORT 1,260,000

EYEBEAM ATELIER

34 35TH STREET 5TH FLOOR
NEW YORK,NY10032 		  PC GENERAL OPERATING SUPPORT 505,000

AMIGOS DE COSTA RICA

210 L STREET NW SUITE 800
WASHINGTON,DC20037 		  PC GENERAL OPERATING SUPPORT 201,000

GROUNDS FOR SCULPTURE

80 SCULPTORS WAY
HAMILTON,NJ08619 		  PC GENERAL OPERATING SUPPORT 157,500

SCREENWRITERS COLONY

29 GREENE STREET
NEW YORK,NY10013 		  PC GENERAL OPERATING SUPPORT 93,400

REPRESENT US EDUCATION FUND

PO BOX 60008
FLORENCE,MA01062 		  PC GENERAL OPERATING SUPPORT 52,500

ALMANACK ARTS COLONY

25 ALMANAC POND ROAD
NANTUCKET,MA02554 		  PC GENERAL OPERATING SUPPORT 35,000

THE SAKYONG POTRANG

2525 ARAPAHOE AVE SUITE E-4
BOULDER,CO80302 		  PC GENERAL OPERATING SUPPORT 20,000

UNIVERSITY OF ARIZONA

1111 NORTH CHERRY AVENUE
TUCSON,AZ85721 		  PC PROJECT SUPPORT 10,000

SHINZEN YOUNG FOUNDATION

1830 COLONIAL VILLAGE LANE
LANCASTER,PA17601 		  PC PROJECT SUPPORT 5,000
Total .................................right arrow 3a 3,739,400
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-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 25,500  
4 Dividends and interest from securities ....     14 479,972  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 8,190  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
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) ..   513,662  
13Total. Add line 12, columns (b), (d), and (e)..................
13
513,662
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24019898
Software Version: 24.0.1.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MATTHEWS CO 30,000 18,000   12,000

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
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
SEE ATTACHED           264,750 130,367    

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
THE SEWARD JOHNSON ATELIER INC
  		14 FAIRGROUNDS ROAD
HAMILTON,NJ08619 		2024-01-01 1,400,000 GENERAL OPERATING SUPPORT 1,400,000 NO 3/15/2025 2025-03-15  
SHINZEN YOUNG FOUNDATION
  		1830 COLONIAL VILLAGE LANE
LANCASTER,PA17601 		2024-04-15 5,000 PROJECT SUPPORT 5,000 NO 11/12/2025 2025-11-12  

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Name of Bond End of Year Book Value End of Year Fair Market Value
AB SUSTAINABLE INTL THEMATIC FUND 3,643,126 3,643,126
ISHARES 7-10 YEAR TREASURY FUND 1,949,955 1,949,955
ISHARES 1-3 YEAR TREASURY FUND 427,280 427,280

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
AB GLOBAL CORE EQUITY PORTFOLIO 5,453,621 5,453,621
AB SUSTAINABLE INTL THEMATIC FUND 4,334,083 4,334,083
AB RESPONSIBLE US EQUITIES 8,817,188 8,817,188

TY 2024 InvestmentsLandSchedule2
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SEE ATTACHED SCHEDULE 6,100,485 4,279,666 1,820,819 1,820,971

TY 2024 InvestmentsOtherSchedule2
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LAAB OFFSHORE FUND FMV 3,855,678 3,855,678

TY 2024 LandEtcSchedule2
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SEE ATTACHED SCHEDULE 6,159,454 4,334,330 1,825,124 1,825,276


TY 2024 LegalFeesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MORGAN LEWIS BOCKIUS LLP 1,633 1,633    


TY 2024 OtherAssetsSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CANVASSES 1,328 1,328  
MISC EXCHANGE 1,231    
LOANS AND EXCHANGES 788 7,588  
PREPAID EXPENSES   6,640  
OTHER INVESTMENTS   -7,584  


TY 2024 OtherExpensesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 3,365 3,365    
COMPUTER NETWORK 27,732 13,866   13,866
OFFICE EXPENSE 2,807 1,403   1,404
BOOKS, DUES SUBSCRIPTIONS 5,687 2,844   2,843
CYBER INSURANCE 4,601 2,300   2,301
DO INSURANCE 18,980 9,490   9,490
WORKERS COMPENSATION INSURANCE 3,524 1,762   1,762
EDUCATION SEMINARS 694 347   347
HARDWARE SOFTWARE 4,472 2,236   2,236
FILING FEES 126 63   63
AUTO INSURANCE 1,621 811   810
INSURANCE- OTHER 1,301 651   650


TY 2024 OtherIncomeSchedule2
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS 3 3  


TY 2024 OtherIncreasesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Description Amount
UNREALIZED GAIN ON INVESTMENTS 1,958,455


TY 2024 OtherLiabilitiesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED EXCISE TAX 16,643 4,172


TY 2024 OtherNotesLoansRcvblShortSch2
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Name of 501(c)(3) Organization Balance Due
GROUNDS FOR SCULPTURE
  		950,000


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 4,832 4,832    
MATTHEWS CO 9,860 5,916   3,944
PAYDAY PAYROLL 1,801 721   1,080
JFO, LLC 306,056 183,633   122,423


TY 2024 TaxesSchedule
Name:
THE ATLANTIC FOUNDATION
EIN:
22-6054882
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 4,422 4,422    
FOREIGN TAX 319 319