TILLEY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
TILLEY FOUNDATION (EIN 84-1900459)
Tax period
2021-02-01 to 2022-01-31
Filed
2024-01-25
IRS object ID
202410259349100411
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-01-25T18:58:44-05:00ReturnTs
Tax Period End2022-01-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN841347757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAVID LIPPA CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1305 BALD EAGLE ROADAddressLine1Txt
CitySILVERTHORNECityNm
State AbbreviationCOStateAbbreviationCd
ZIP804988990ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-02-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN841900459EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TILLEY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTILLBusinessNameControlTxt
Phone5802529016PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15701N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJIMMY TLLLEYPersonNm
Person TitleJESSE TILLEYPersonTitleTxt
Phone5802529016PhoneNum
Signature2023-12-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJESSEPersonFirstNm
Person LastTILLEYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID LIPPAPreparerPersonNm
PTINP00293693PTIN
Phone3036682351PhoneNum
Preparation2024-01-25PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,724,516FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$504,395ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$740InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$749InterestOnSavingsAdjNetIncmAmt
Dividends Net Invst Incm$28,310DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$94,684CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$138,094OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$15,099OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$138,094OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$643,229TotalRevAndExpnssAmt
Total Net Invst Incm$138,094TotalNetInvstIncmAmt
Total Adj Net Incm$138,843TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$19,043LegalFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$489OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$19,532TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$41,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$61,032TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$582,197ExcessRevenueOverExpensesAmt
Net Investment Income$138,094NetInvestmentIncomeAmt
Adjusted Net Income$138,843AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,100,851CashBOYAmt
Cash EOY$981,199CashEOYAmt
Cash EOYFMV$981,199CashEOYFMVAmt
Corporate Stock EOY$701,849CorporateStockEOYAmt
Corporate Stock EOYFMV$743,317CorporateStockEOYFMVAmt
Total Assets BOY$1,100,851TotalAssetsBOYAmt
Total Assets EOY$1,683,048TotalAssetsEOYAmt
Total Assets EOYFMV$1,724,516TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,100,851RetainedEarningBOYAmt
Retained Earning EOY$1,683,048RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,100,851TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,683,048TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,100,851TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,683,048TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,100,851TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$582,197ExcessRevenueOverExpensesAmt
Subtotal$1,683,048SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,683,048TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$94,684CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,920InvestmentIncomeExciseTaxAmt
Subtotal$1,920SubtotalAmt
Tax Based On Investment Income$1,920TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,920ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,920TotalPaymentsAndCreditsAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJIMMY TLLLEYIndividualWithBooksNm
Phone5802529016PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15701 N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12020UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJIMMY TLLLEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15701 N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd
FieldValueIRS element (for citing)
TitleJESSE TILLEYTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$732,921AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$776,056AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,508,977TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,508,977AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,635CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,486,342NetVlNoncharitableAssetsAmt
Minimum Investment Return$74,317MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$74,317MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,920TaxBasedOnInvestmentIncomeAmt
Total Tax$1,920TotalTaxAmt
Distributable Before Adj$72,397DistributableBeforeAdjAmt
Distributable Before Ded$72,397DistributableBeforeDedAmt
Distributable As Adjusted$72,397DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$72,397DistributableAsAdjustedAmt
Undistributed Income PY$41,436UndistributedIncomePYAmt
Excess Distribution Cyov Yr1$64ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$64TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$64ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$64ExcessDistributionCyovAppCYAmt
Taxable2$41,436Taxable2Amt
Undistributed Income CY$72,333UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DUNCAN PUBLIC SCHOOLS
1740 W SPRUCE AVEDUNCANOK73533NONEPUBLICGENERAL PURPOSE$5,000
BRAY DOYLE SCHOOLS
1205 BROOKS ROADMARLOWOK73533NONEPUBLICGENERAL PURPOSE$3,000
COMANCHE SCHOOLS
1030 ASH AVECOMANCHEOK73529EDUCATIONAL$3,000
EMPIRE PUBLIC SCHOOLS
9450 W CHEROKEE ROADDUNCANOK73533NONEPUBLICGENERAL PURPOSE$3,000
CENTRAL PUBLIC SCHOOLS
274801 BROCHO ROADCENTRAL HIGHOK73055NONEPUBLICGENERAL PURPOSE$2,500
VELMA PUBLIC SCHOOLS
901 W MAINVELMAOK73491NONEPUBLICGENERAL PURPOSE$2,000
MARLOW SAMARITANS
214 W MAIN STMARLOWOK73055NONEPUBLICGENERAL PURPOSES$6,000
JEFFCO HELPING HANDS
100 CIRCLE DRWAURIKAOK73573NONEPUBLICGENERAL PURPOSES$3,000
DUNCAN RESCUE MISSION
102 N 5TH STREETDUNCANOK73533NONEPUBLICGENERAL PURPOSE$3,000
DUNCAN FFA
1740 W SPRUCEDUNCANOK73533NONEPUBLICGENERAL PURPOSES$5,500
BRAY DOYLE FFA
1205 BROOKS ROADMARLOWOK73055NONEPUBLICGENERAL PURPOSES$5,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$41,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$740ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$94,684RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$740ExclusionAmt
Related Or Exempt Function Incm$94,684RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$95,424TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJESSEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15701 N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd
FieldValueIRS element (for citing)
Total Contributions$504,395TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockVARIOUSStockNm
EOY Book Value$701,849EOYBookValueAmt
EOYFMV$743,317EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryERGO LAWCategoryTxt
Legal Fees$19,043LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
$489

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