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CLEMENT AND KAREN ARRISON LEGACY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CLEMENT AND KAREN ARRISON LEGACY FOUNDATION (EIN 26-4663987)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-14
IRS object ID
202521049349100217
Schema version
2024v5.0
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)
Return2025-04-14T12:29:19-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN201536399PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PHILIP J TANTILLO CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line143 COURT ST STE 910AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14202ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264663987EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLEMENT AND KAREN ARRISONBusinessNameLine1Txt
Business Name Line2LEGACY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCLEMBusinessNameControlTxt
Phone7168810760PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135 LINCOLN PARKWAYAddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14222ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKAREN ARRISONPersonNm
Person TitlePRESIDENT/TRPersonTitleTxt
Phone7168810760PhoneNum
Signature2025-04-09SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPHILIP J TANTILLOPreparerPersonNm
PTINP01272891PTIN
Phone7168526981PhoneNum
Preparation2025-04-09PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$6,662,725FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$7,159,140ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$188InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$188InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$188InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$7,159,328TotalRevAndExpnssAmt
Total Net Invst Incm$188TotalNetInvstIncmAmt
Total Adj Net Incm$188TotalAdjNetIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$350,756OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Adj Net Incm$350,756OthEmplSlrsWgsAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,000OtherProfFeesRevAndExpnssAmt
Other Prof Fees Adj Net Incm$3,000OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$31,393TaxesRevAndExpnssAmt
Taxes Adj Net Incm$31,393TaxesAdjNetIncmAmt
Occupancy Rev And Expnss$4,066OccupancyRevAndExpnssAmt
Occupancy Adj Net Incm$4,066OccupancyAdjNetIncmAmt
Other Expenses Rev And Expnss$169,000OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$169,000OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$558,215TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$558,215TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$558,215TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$558,215TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,601,113ExcessRevenueOverExpensesAmt
Net Investment Income$188NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$61,093CashBOYAmt
Cash EOY$77,870CashEOYAmt
Cash EOYFMV$77,870CashEOYFMVAmt
Mortgage Loans BOY$997MortgageLoansBOYAmt
Mortgage Loans EOY$853MortgageLoansEOYAmt
Mortgage Loans EOYFMV$375MortgageLoansEOYFMVAmt
Other Assets EOY$6,584,480OtherAssetsEOYAmt
Other Assets EOYFMV$6,584,480OtherAssetsEOYFMVAmt
Total Assets BOY$62,090TotalAssetsBOYAmt
Total Assets EOY$6,663,203TotalAssetsEOYAmt
Total Assets EOYFMV$6,662,725TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$62,090NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$6,663,203NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$62,090TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,663,203TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$62,090TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,663,203TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$62,090TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,601,113ExcessRevenueOverExpensesAmt
Subtotal$6,663,203SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,663,203TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3InvestmentIncomeExciseTaxAmt
Subtotal$3SubtotalAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$272EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$272TotalPaymentsAndCreditsAmt
Overpayment$269OverpaymentAmt
Applied To ES Tax$269AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKAREN ARRISONIndividualWithBooksNm
Phone7168810760PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135 LINCOLN PARKWAYAddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14222ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KAREN ARRISON
35 LINCOLN PARKWAYBUFFALONY14222PRESIDENT/TR000.00$0$0$0
WILLARD B SAPERSTON
172 LAKE STREETHAMBURGNY14075DIRECTOR000.00$0$0$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)
Description1NATURE'S WISDOM FARM IS A HOLISTICE AND INTEGRATIVE WELLNESS LEARNING CENTER. IT IS DEDICATED TO LIFE LONG LEARNING FOR BOTH HUMANS AND ANIMALS. WE ENCOURAGE NATURAL HEALING AND REHABILITATION THROUGH THE USE OF INTEGRATIVE WELLNESS PRACTICES WHICH BRING TOGETHER THE BEST OF ALL HEALING MODALITIES. WE ARE DEDICATED TO IMPROVING THE HUMAN/ANIMAL RELATIONSHIP THROUGH EDUCATIONAL PROGRAMS AND ACTIVITIES THAT PROMOTE A BETTER UNDERSTANDING OF ANIMALS, OUR ENVIORNMENT AND THE WISDOM OF NATURE AND HEALING. POSTURAL SEMINAR AT SPCA OF ERIE COUNTY WITH DR. KAREN GELLAMN, DVM. PHD OF EQUINE SPORTS MEDICINE. COLLABERATION WITH SPCA OF ERIE COUNTY REGARDING TEACHING BARN. PHOTONIC LIGHT THERAPY FOR EQUINE AND CANINE APPLICATIONS INCLUDING PURCHASE OF PHOTONIC (CLASS III COLD LASER)TORCH AND RESEARCH MATERIALS. REAL PROPERTY SEARCH.Description1Txt
Expenses1$558,215Expenses1Amt

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$925AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$41,986AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,292,240FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,335,151TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,335,151AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$50,027CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,285,124NetVlNoncharitableAssetsAmt
Minimum Investment Return$164,256MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

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

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$109,504CurrentYearAmt
Year1$4,610Year1Amt
Year2$5,588Year2Amt
Year3$34,603Year3Amt
Total$154,305TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSULLIVAN FAMILY FOUNDATIONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescWISDOM FARMDesc

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$188ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$188ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$188TotalIncomeProducingActyAmt

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 PersonCLEMENT KAREN ARRISON TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line110795 MILAND ROADAddressLine1Txt
CityCLARENCE CENTERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14032ZIPCd
FieldValueIRS element (for citing)
Total Contributions$6,993,521TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmt
1VARIOUS DIRECT EXPENSES$161,141
130% INTEREST CK INSTRUMENTS LLC$6,584,480

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
Desc30 % CK INSTRUMENTS LLCDesc
EOY Book Value$6,584,480EOYBookValueAmt
EOYFMV$6,584,480EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
WISDOM FARM
DIRECT EXPENSES$161,141$161,141
VET MEDICAL BILLS & HORSE SUP$4,410$4,410
PAYROLL PROCESSING$2,768$2,768
SUPPLIES$692$692
BANK CHARGES$298$298
INSURANCE-$309-$309

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtAdjusted Net IncomeAdjustedNetIncomeAmt
ASSET MANAGEMENT
WISDOM FARM$3,000$3,000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FEDERAL EXCISE TAX
NYS FILING FEE
WISDOM FARM$31,393$31,393

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