BETA

BAER FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BAER FAMILY FOUNDATION INC (EIN 20-3991889)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-03-23
IRS object ID
202430859349100128
Schema version
2023v5.0
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)
Return2024-03-23T10:21:09-00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Steven B Walters CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 67th StreetAddressLine1Txt
CityVirginia BeachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203991889EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BAER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBAERBusinessNameControlTxt
Phone5617024443PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1462 E BOCA RATON ROADAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID B BAERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5617024443PhoneNum
Signature2024-03-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastBAERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteven B WaltersPreparerPersonNm
PTINP00503757PTIN
Phone7574776908PhoneNum
Preparation2024-03-23PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$541,905FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$13,632DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,632DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$13,413NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$39,066GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$13,413CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$28,045TotalRevAndExpnssAmt
Total Net Invst Incm$27,045TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$950AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$950AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$636TaxesRevAndExpnssAmt
Taxes Net Invst Incm$636TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,668OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,668OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,254TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,254TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$27,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$27,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$31,254TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,254TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$27,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,209ExcessRevenueOverExpensesAmt
Net Investment Income$22,791NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$576CashBOYAmt
Cash EOY-$26,121CashEOYAmt
Cash EOYFMV-$26,121CashEOYFMVAmt
Other Investments BOY$561,937OtherInvestmentsBOYAmt
Other Investments EOY$557,425OtherInvestmentsEOYAmt
Other Investments EOYFMV$540,026OtherInvestmentsEOYFMVAmt
Other Assets EOY$28,000OtherAssetsEOYAmt
Other Assets EOYFMV$28,000OtherAssetsEOYFMVAmt
Total Assets BOY$562,513TotalAssetsBOYAmt
Total Assets EOY$559,304TotalAssetsEOYAmt
Total Assets EOYFMV$541,905TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$562,513NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$559,304NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$562,513TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$559,304TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$562,513TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$559,304TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$562,513TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,209ExcessRevenueOverExpensesAmt
Subtotal$559,304SubtotalAmt
Tot Net Ast Or Fund Balances EOY$559,304TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (29 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
3.656 SH ALGER SPEC FDP2013-03-142023-04-14$64$55$9$9
9.583 SH ALGER SPEC FDP2013-03-142023-04-20$170$144$26$26
482.621 SH ALGER SPEC FDP2013-03-142023-12-29$10,574$7,866$2,708$2,708
11.243 SH BLACKROCK STRP2011-02-222023-04-14$58$65-$7-$7
1.312 SH FIRST EAGLE GLOBP2011-03-152023-04-14$82$60$22$22
1.240 SH FIRST EAGLE GLOBP2011-09-222023-04-20$78$55$23$23
46.142 SH FIRST EAGEL GLOBP2011-09-222023-12-29$2,927$2,033$894$894
114.681 SH HODGES SM CAPP2014-01-272023-12-29$2,452$2,115$337$337
3.199 SH NUVEEN GLOB EQP2012-10-082023-04-14$96$94$2$2
1.803 SH NUVEEN GLOB EQP2012-10-082023-04-20$54$53$1$1
115.250 SH NUVEEN GLOB EQP2012-10-082023-12-29$3,648$3,377$271$271
11.088 SH NUVEEN GLOB INFRAP2009-11-252023-04-14$121$92$29$29
6.067 SH NUVEEN GLOB INFRAP2009-11-252023-04-20$67$50$17$17
4.106 SH PIMCO GNMA GOVTP2011-09-222023-01-26$39$50-$11-$11
11.102 SH PIMCO GNMA GOVTP2011-09-222023-04-14$105$134-$29-$29
55.381 SH PIMCO GNMA GOVTP2011-09-222023-04-25$524$669-$145-$145
2.402 SH HODGES SM CAPP2014-01-272023-04-14$49$44$5$5
9.818 SH PGIM TOT RET BDP2018-01-022023-04-14$118$142-$24-$24
10.812 SH BOSTON PTRS L/SP2013-03-142023-04-14$150$140$10$10
1.606 SH VICTORY RS MID CAPP2014-09-042023-04-14$29$32-$3-$3
1.168 SH VICTORY RS MID CAPP2014-09-042023-04-20$21$23-$2-$2
87.465 SH VICTORY RS MID CAPP2014-09-042023-12-29$1,721$1,734-$13-$13
2.791 SH VICTORY RS INV FDP2014-01-272023-04-14$40$36$4$4
0.205 SH VICTORY RS INV FDP2014-01-272023-04-20$3$3
100.516 SH VICTORY RS INV FDP2014-01-272023-12-29$1,537$1,283$254$254
1.009 SH ALLSPRING GR FDP2015-12-112023-04-14$38$45-$7-$7
2.881 SH ALLSPRING GR FDP2015-12-112023-04-20$108$130-$22-$22
103.165 SH ALLSPRING GR FDP2016-12-092023-12-29$4,231$4,128$103$103
22.190 SH ALLSPRING GR FDP2015-12-112023-12-29$910$1,001-$91-$91
FieldValueIRS element (for citing)
Capital Gain Net Income$13,413CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$317InvestmentIncomeExciseTaxAmt
Subtotal$317SubtotalAmt
Tax Based On Investment Income$317TaxBasedOnInvestmentIncomeAmt
Tax Due$317TaxDueAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Org Report Or Register StateMDOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDAVID B BAERIndividualWithBooksNm
Phone5617024443PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1462 E BOCA RATON ROADAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd
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 PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DAVID B BAER
462 E BOCA RATON ROADBOCA RATONFL33432PRESIDENT003.00$0
JUSTIN M BAER
8504 BURNING TREE ROADBETHESDAMD20817TRUSTEE001.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

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$535,998AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$232AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$536,230TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$536,230AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,043CashDeemedCharitableAmt
Net Vl Noncharitable Assets$528,187NetVlNoncharitableAssetsAmt
Minimum Investment Return$26,409MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$26,409MinimumInvestmentReturnAmt
Tax Based On Investment Income$317TaxBasedOnInvestmentIncomeAmt
Total Tax$317TotalTaxAmt
Distributable Before Adj$26,092DistributableBeforeAdjAmt
Distributable Before Ded$26,092DistributableBeforeDedAmt
Distributable As Adjusted$26,092DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$27,000ExpensesAndContributionsAmt
Qualifying Distributions$27,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$26,092DistributableAsAdjustedAmt
Undistributed Income PY$15,395UndistributedIncomePYAmt
Qualifying Distributions$27,000QualifyingDistributionsAmt
Applied To Year1$15,395AppliedToYear1Amt
Applied To Current Year$11,605AppliedToCurrentYearAmt
Undistributed Income CY$14,487UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHARLES E SMITH JEWISH DAY SCHOOL
11710 HUNTERS LANEROCKVILLEMD20852PCUNRESTRICTED GIFT$10,000
CHABAD OF ASPEN
435 W MAIN STASPENCO81611PCANNUAL GIFT FUND$10,000
ASPEN JEWISH CONGREGATION
77 MEADOWOOD DRASPENCO81611PCFOR CHESED PROGRAM$5,000
FRIENDS OF ISRAEL DEFENSE FORCES
P O BOX 4224NEW YORKNY10163PCUNRESTRICTED GIFT$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$27,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,632ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$13,413ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$27,045ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$27,045TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategorySTEVEN B. WALTERS, CPACategoryTxt
Amt$950Amt
Net Investment Income$950NetInvestmentIncomeAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (13 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIRST EAGLE GLOBAL FUNDAT COST$36,525$43,903
NUVEEN GLOBAL EQUITY INC FDAT COST$46,135$51,501
NUVEEN GLOBAL INFRA FUNDAT COST$60,713$65,971
ALLSPRING GROWTH FUND INSTITUTNLAT COST$21,768$20,191
PIMCO GNMA FUNDAT COST$64,487$54,451
HODGES SMALL CAP FUNDAT COST$23,377$25,841
VICTORY RS INVESTORS FUND CLASS YAT COST$18,441$21,023
VICTORY RS MID CAP GROWTHAT COST$17,518$15,175
STATE OF ISRAEL BDAT COST$35,000$34,010
ALGER SPECTRA FUND CLASS ZAT COST$35,819$34,377
BLACKROCK STRATEGIC GLOBAL BD FDAT COST$34,311$30,904
BOSTON PARTNERS L/S RESEARCH FDAT COST$88,331$79,503
PGIM TOTAL RETURN BOND CL ZAT COST$75,000$63,176

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescAMOUNT DUE ON UNSETTLED TRANSACTIONSDesc
EOY Book Value$28,000EOYBookValueAmt
EOYFMV$28,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
QUARTERLY MANAGEMENT FEES$2,493$2,493
ANNUAL FEE$175$175

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Tax on investment income$407$407
Foreign taxes$229$229

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