| Identifier | Return Reference | Explanation |
|---|---|---|
| START-UP PERIOD MINIMUM AMOUNT | FORM 990-PF, PART XII, LINE 1 | THE KLECKNER FOUNDATION WAS CONSIDERED CREATED" IN THE TAXABLE YEAR OF 2022, AS THAT WAS THE FIRST YEAR THE FOUNDATION'S DISTRIBUTABLE AMOUNT EXCEEDED $500. THE START-UP PERIOD IS THEREFORE 2023-2026, WHICH REPRESENTS THE FIRST FOUR YEARS AFTER CREATION.YEAR 1 DISTRIBUTABLE AMOUNT - $238,916 * 20% = $47,783YEAR 2 DISTRIBUTABLE AMOUNT - $253,494 * 40% = $101,398YEAR 3 DISTRIBUTABLE AMOUNT - $257,273 * 60% = $156,011 |
| Description | Amount |
|---|---|
| UBIT INCOME FROM PUBLICLY TRADED PARTNERSHIPS | 26,091 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MT&E | 5,647 | 1,412 | 4,235 | |
| INSURANCE | 7,340 | 0 | 7,340 | |
| DUES AND SUBSCRIPTIONS | 29 | 0 | 29 | |
| PROFESSIONAL FEES | 2,282 | 1,141 | 1,141 | |
| FUEL | 746 | 0 | 746 | |
| OFFICE SUPPLIES | 1,620 | 0 | 1,620 | |
| INVESTMENT EXPENSE | 0 | 0 | 0 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 46,193 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 5,463 | 1,366 | 4,097 | |
| INCOME TAXES | 4,156 | 4,156 | 0 |