Liabilities / Assets
6th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
6th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
8th percentile
Higher top officer pay than 8% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Balance Sheet
Assets
Up$587,479,281
Up $51,470,494 (+9.6%) from 2020
Net Assets
Up$587,479,281
Up $51,470,494 (+9.6%) from 2020
Liabilities
Flat$0
Flat from 2020
Revenue And Expenses
Revenue
Up$49,187,170
Up $35,968,565 (+272%) from 2020
Expenses
Up$29,483,559
Up $15,315,290 (+108%) from 2020
Net Income
Up$19,703,611
Up $20,653,275 (+2175%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 2, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $230,203,469
Mission and Program Overview
Mission
See explanation for part i, line 1 on schedule o.
Fernwood group fund conducts activities for the exclusive purpose of promoting social welfare, including charitable activities, within the meaning of section 501(c)(4) of the internal revenue code of 1986, primarily through the making of grants to other social welfare organizations.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $338,325,568 | $440,203,232 | ▲ $101,877,664 |
| Investments Other Securities | $133,469,327 | $133,469,327 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $52,430,228 | $13,806,722 | ▼ $38,623,506 |
| Total Assets | $536,008,787 | $587,479,281 | ▲ $51,470,494 |
| Other Assets Total | $11,783,664 | $0 | ▼ $11,783,664 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $536,008,787 | $587,479,281 | ▲ $51,470,494 |
| Total Net Assets Fund Balance | $536,008,787 | $587,479,281 | ▲ $51,470,494 |
| Total Liabilities and Net Assets / Fund Balance | $536,008,787 | $587,479,281 | ▲ $51,470,494 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Closely Held Equity Interests | $133,469,327 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Patricia E Harris | President & CEO |
| Allison Jaffin | Director |
| Richard K Descherer | Director |
| Thomas H Golden | Director |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Manhattan West LLC | Programmatic Support | 909 THIRD AVE 16TH FLOOR, New York, NY 10022 | $2,640,175 |
| Bessemer Trust | Investment Management Services | 1271 AVENUE OF THE AMERICAS, New York, NY 10020 | $756,929 |
| Jpmorgan Chase Bank Na | Investment Management Services | 270 PARK AVENUE, New York, NY 10017-2014 | $618,538 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $49,187,170
- Other Revenue
- $0
- Change in Net Assets
- $19,703,611
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $25,285,000 |
| Other Expenses | $4,198,559 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $25,285,000 | - | - | $25,285,000 |
| Fees for Services Other | $2,640,175 | $1,343 | - | $2,641,518 |
| Fees for Service Investment Mgmnt Fees | - | $1,375,467 | - | $1,375,467 |
| Insurance | - | $66,973 | - | $66,973 |
| Other Expenses | - | $25 | - | $25 |
| Total Functional Expenses | $27,925,175 | $1,558,384 | $0 | $29,483,559 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Tobacco-free Kids Action Fund | Washington, DC | 501(c)(4) | To Reduce Tobacco Use | $25,285,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 2
“Richard descherer and thomas golden have a business relationship based on a common employer. Patricia harris and allison jaffin have a business relationship based on a common employer.”
Form 990, Part VI, Section A, Line 6
“The organization's directors are its only members.”
Form 990, Part VI, Section A, Line 8B
“The organization has no committees with the authority to act on behalf of the governing body.”
Form 990, Part VI, Section B, Line 11B
“A draft of the form 990 is distributed to each director for final review with an opportunity to recommend changes before the president signs and files the return.”
Form 990, Part VI, Section B, Line 12C
“The organization's conflict of interest policy requires the officers, directors, and key employees of the organization ("covered officials") to disclose all actual and potential conflicts of interest. The conflict of interest policy is distributed to all covered officials of the organization annually. Each covered official must disclose any and all facts that may be construed as a conflict of interest, both through an annual disclosure process and whenever such actual or potential conflict occurs. The board of directors determines whether a conflict of interest exists and whether such conflict materially and adversely affects the interests of the organization. A covered official whose potential conflict is under review may not debate, vote, or otherwise participate in such determination. If the board of directors determines that an actual or potential conflict of interest does exist, the board must also determine an appropriate remedy.”
Form 990, Part VI, Section B, Line 15
“No compensation was paid to any directors or officers and, as such, no review of comparability data was necessary.”
Form 990, Part VI, Section C, Line 19
“No documents are available to the public.”
FORM 990, PART VII, LINE 1:
“The basis of accounting for fernwood group fund is a modified cash basis of accounting. Revenues, such as grants and contributions, and interest and dividend income are recognized when received rather than when earned. Expenses are recorded when paid rather than when incurred. The basis of accounting is on a modified cash basis because marketable investments are recorded at fair value.”
Filing and Contact Details
Filer
- Filer Name
- Fernwood Group Fund
- EIN
- 82-2364976
- Phone
- 2125836000
- Address
- CO GELLER ADVISORS PO BOX 1510, NEW YORK, NY 10150
Signing Officer
- Name
- Patricia E Harris
- Title
- President & Chief Executive Officer
- Phone
- 2125836000
- Signed
- 2022-11-02
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Patricia E Harris
- Formed
- 2017
- Legal Domicile
- De
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Geller & Company LLC
- Address
- PO BOX 1510, NEW YORK, NY 10150
- Preparer
- Joseph Kluemper
- Phone
- 2125836000
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 9:
“Unrealized gain on marketable securities 31,766,883.”
Raw XML Appendix363 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | FERNWOOD GROUP FUND CONDUCTS ACTIVITIES FOR THE EXCLUSIVE PURPOSE OF PROMOTING SOCIAL WELFARE, INCLUDING CHARITABLE ACTIVITIES, WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, PRIMARILY THROUGH THE MAKING OF GRANTS TO OTHER SOCIAL WELFARE ORGANIZATIONS. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DIANE GUBELLI CO GELLER ADVISORS LLC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2125836000 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1510 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10150 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 52430228 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 13806722 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 2640175 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 756929 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 618538 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 909 THIRD AVE 16TH FLOOR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 1271 AVENUE OF THE AMERICAS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 270 PARK AVENUE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 10022 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 10020 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 100172014 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | MANHATTAN WEST LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | BESSEMER TRUST |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | JPMORGAN CHASE BANK NA |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | PROGRAMMATIC SUPPORT |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | INVESTMENT MANAGEMENT SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | INVESTMENT MANAGEMENT SERVICES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 25285000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 49187170 |
| IRS990/CYOtherExpensesAmt | 0 | 4198559 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 19703611 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 29483559 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 49187170 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | $25,285,000 WAS GRANTED TO TOBACCO-FREE KIDS ACTION FUND TO SUPPORT THEIR INITIATIVE TO REDUCE TOBACCO USE. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 27925175 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 1343 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 2640175 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 2641518 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 1375467 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 1375467 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.25 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RICHARD K DESCHERER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PATRICIA E HARRIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ALLISON JAFFIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | THOMAS H GOLDEN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | PRESIDENT & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2017 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 14911383 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantAmt | 0 | 25285000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 25285000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 25285000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 195927682 |
| IRS990/GrossReceiptsAmt | 0 | 230203469 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 66973 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 66973 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 34275787 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 34275787 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 133469327 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 133469327 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 338325568 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 440203232 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | DE |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 181016299 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingOtherInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | SEE EXPLANATION FOR PART I, LINE 1 ON SCHEDULE O. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 536008787 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 587479281 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 14911383 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 14911383 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 536008787 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 587479281 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 11783664 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 31766883 |
| IRS990/OtherExpensesGrp/Desc | 0 | FOREIGN TAXES PAID |
| IRS990/OtherExpensesGrp/Desc | 1 | FILING FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 114576 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 25 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 114576 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 25 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | PATRICIA E HARRIS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 13000000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 13218541 |
| IRS990/PYOtherExpensesAmt | 0 | 1168269 |
| IRS990/PYOtherRevenueAmt | 0 | 64 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -949664 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 14168269 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 13218605 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 19703611 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt | 0 | 133469327 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 133469327 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 25285000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(4) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | TO REDUCE TOBACCO USE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | TOBACCO-FREE KIDS ACTION FUND |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 521974904 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1400 I STREET NW |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | WASHINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 20005 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | GRANT RECIPIENTS ARE SUBJECT TO A DUE DILIGENCE REVIEW AND GRANT BUDGETS ARE CREATED FOR EACH GRANT. GRANT RECIPIENTS ARE REQUIRED TO PROVIDE NARRATIVE PROGRAMMATIC AND FINANCIAL REPORTS TO ENSURE COMPLIANCE WITH PROGRAMMATIC PURPOSE AND EXPENDITURE OF FUNDS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | RICHARD DESCHERER AND THOMAS GOLDEN HAVE A BUSINESS RELATIONSHIP BASED ON A COMMON EMPLOYER. PATRICIA HARRIS AND ALLISON JAFFIN HAVE A BUSINESS RELATIONSHIP BASED ON A COMMON EMPLOYER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION'S DIRECTORS ARE ITS ONLY MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A DRAFT OF THE FORM 990 IS DISTRIBUTED TO EACH DIRECTOR FOR FINAL REVIEW WITH AN OPPORTUNITY TO RECOMMEND CHANGES BEFORE THE PRESIDENT SIGNS AND FILES THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE ORGANIZATION ("COVERED OFFICIALS") TO DISCLOSE ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL COVERED OFFICIALS OF THE ORGANIZATION ANNUALLY. EACH COVERED OFFICIAL MUST DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH AN ANNUAL DISCLOSURE PROCESS AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS AND WHETHER SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE ORGANIZATION. A COVERED OFFICIAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD OF DIRECTORS DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD MUST ALSO DETERMINE AN APPROPRIATE REMEDY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | NO COMPENSATION WAS PAID TO ANY DIRECTORS OR OFFICERS AND, AS SUCH, NO REVIEW OF COMPARABILITY DATA WAS NECESSARY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | UNREALIZED GAIN ON MARKETABLE SECURITIES 31,766,883. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE BASIS OF ACCOUNTING FOR FERNWOOD GROUP FUND IS A MODIFIED CASH BASIS OF ACCOUNTING. REVENUES, SUCH AS GRANTS AND CONTRIBUTIONS, AND INTEREST AND DIVIDEND INCOME ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED. EXPENSES ARE RECORDED WHEN PAID RATHER THAN WHEN INCURRED. THE BASIS OF ACCOUNTING IS ON A MODIFIED CASH BASIS BECAUSE MARKETABLE INVESTMENTS ARE RECORDED AT FAIR VALUE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART VII, LINE 1: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | FERNWOOD GROUP FUND |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | NY |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct | 0 | 1.00000 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | INVESTMENT ADVISORS |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | WILLETT ADVISORS LLC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | 909 THIRD AVE 16TH FLOOR |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | NEW YORK |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 10022 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 28000000 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | CASH |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | WILLETT ADVISORS LLC |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | F |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 536008787 |
| IRS990/TotalAssetsEOYAmt | 0 | 587479281 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 536008787 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 587479281 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 1558384 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 27925175 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 29483559 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 536008787 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 587479281 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 27925175 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 49187170 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 49187170 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 536008787 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 587479281 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TransactionWithControlEntInd | 0 | 1 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | C/O GELLER ADVISORS PO BOX 1510 |
| IRS990/USAddress/CityNm | 0 | NEW YORK |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 10150 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PATRICIA E HARRIS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT & CHIEF EXECUTIVE OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2125836000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FERNWOOD GROUP FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FERN |
| ReturnHeader/Filer/EIN | 0 | 822364976 |
| ReturnHeader/Filer/PhoneNum | 0 | 2125836000 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | CO GELLER ADVISORS PO BOX 1510 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10150 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 134149326 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GELLER & COMPANY LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 1510 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10150 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2125836000 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOSEPH KLUEMPER |
| ReturnHeader/ReturnTs | 0 | 2022-11-14T13:29:34-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | PATRICIA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HARRIS |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $587,479,281
- Liabilities
- $0
- Net assets
- $587,479,281
- Revenue
- $49,187,170
- Expenses
- $29,483,559
- Net income
- $19,703,611