KANE FAMILY FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- KANE FAMILY FOUNDATION INC (EIN 90-0689673)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-04-21
- IRS object ID
- 202521119349100907
- Schema version
- 2023v6.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-21T14:03:05+00:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Forvis Mazars LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 South Tejon Suite 800 | AddressLine1Txt |
| City | Colorado Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 809039848 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900689673 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kane Family Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KANE | BusinessNameControlTxt |
| Phone | 7193815629 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6510-A South Academy Blvd Box 285 | AddressLine1Txt |
| City | Colorado Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80906 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TAD A GOODENBOUR | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7193815629 | PhoneNum |
| Signature | 2025-04-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Brandon Schulze | PreparerPersonNm |
| PTIN | P02051564 | PTIN |
| Phone | 7194714290 | PhoneNum |
| Preparation | 2024-03-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $35,843,793 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,050 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,050 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $651,047 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $647,922 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $781,933 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,122,042 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $781,933 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,434,030 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,430,905 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $127,050 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $31,763 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $95,288 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,076 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,076 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,140 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,070 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $3,070 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $113,057 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $113,057 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $13,749 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,749 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $7,306 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,479 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,826 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $273,378 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $156,118 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $106,260 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $471,664 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,546,019 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $745,042 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $156,118 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,652,279 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $688,988 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,274,787 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $472,902 | CashBOYAmt |
| Cash EOY | $1,111,536 | CashEOYAmt |
| Cash EOYFMV | $1,111,536 | CashEOYFMVAmt |
| Acct Rcvbl | $95,850 | AcctRcvblAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $95,850 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $95,850 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $2,009,602 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,815,510 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,815,510 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $27,509,129 | CorporateStockBOYAmt |
| Corporate Stock EOY | $27,894,425 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $27,894,425 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,755,388 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $4,867,690 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,867,690 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $42,840 | OtherAssetsBOYAmt |
| Other Assets EOY | $58,782 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $58,782 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $34,789,861 | TotalAssetsBOYAmt |
| Total Assets EOY | $35,843,793 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $35,843,793 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $4,312,378 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $3,238,026 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,312,378 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,238,026 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $30,477,481 | RetainedEarningBOYAmt |
| Retained Earning EOY | $32,605,767 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $30,477,481 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $32,605,767 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $34,789,859 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $35,843,793 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $30,477,481 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $688,988 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,439,298 | OtherIncreasesAmt |
| Subtotal | $32,605,767 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $32,605,767 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|
| Long-Term Financial Investments | P | 2022-01-01 | 2023-12-31 | $3,481,077 | $2,663,804 | $817,273 | $0 | $817,273 |
| Short-Term Financial Investments | P | 2023-06-01 | 2023-12-31 | $640,965 | $676,305 | -$35,340 | $0 | -$35,340 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $781,933 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $17,720 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $17,720 | SubtotalAmt |
| Tax Based On Investment Income | $17,720 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,066 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $23,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $36,066 | TotalPaymentsAndCreditsAmt |
| Overpayment | $18,346 | OverpaymentAmt |
| Applied To ES Tax | $18,346 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.KANEFAMILYFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | The Foundation | IndividualWithBooksNm |
| Phone | 7194714290 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 S Tejon St Suite 800 | AddressLine1Txt |
| City | Colorado Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| GREGORY L JOHNSON | |||||||||
| 6510-A SOUTH ACADEMY BLVD | BOX 285 | COLORADO SPRINGS | CO | 80906 | CO-TRUSTEE | 0 | $46,200 | $0 | $0 |
| TAD A GOODENBOUR | |||||||||
| 111 S TEJON ST | SUITE 800 | COLORADO SPRINGS | CO | 80903 | CO-TRUSTEE | 0 | $46,200 | $0 | $0 |
| WILLIAM S CORRIGAN | |||||||||
| 6510-A SOUTH ACADEMY BLVD | BOX 285 | COLORADO SPRINGS | CO | 80906 | CO-TRUSTEE | 0 | $46,200 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $33,986,438 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $859,420 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $58,782 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $34,904,640 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $34,904,640 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $523,570 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $34,381,070 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,719,054 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,719,054 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $17,720 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $17,720 | TotalTaxAmt |
| Distributable Before Adj | $1,701,334 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,701,334 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,701,334 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,652,279 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,652,279 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,701,334 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $406,126 | UndistributedIncomePYAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,652,279 | QualifyingDistributionsAmt |
| Applied To Year1 | $406,126 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,246,153 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $455,181 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CONTACT THE TRUSTEES | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6510-A SOUTH ACADEMY BLVD BOX 285 | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80906 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7193815629 | RecipientPhoneNum |
| Form And Info And Materials | PLEASE CONTACT THE TRUSTEES TO RECEIVE DETAILS OF SCHOLARSHIP FORMS AND REQUIREMENTS. INFORMATION IS ALSO AVAILABLE THROUGH LINKS ON THE FOUNDATION'S WEBSITE AT: WWW.KANEFAMILYFOUNDATION.ORG | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE. | SubmissionDeadlinesTxt |
| Restrictions On Awards | AWARDS WILL ONLY BE MADE FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AWARDS ARE LIMITED TO SCHOLARSHIPS FOR EDUCATION AND FOR QUALIFIED MEDICAL RESEARCH. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| University of Colorado Foundation | |||||||
| 1420 Austin Bluffs Pkwy | Colorado Springs | CO | 80918 | Non-Affiliate | PC | Scholarships | $740,753 |
| CSU - Pueblo Foundation | |||||||
| 220 Bonforte Blvd | Pueblo | CO | 810014901 | Non-Affiliate | PC | Scholarships | $481,241 |
| Pikes Peak Community College Foundation | |||||||
| 5675 S Academy Blvd | Colorado Springs | CO | 80906 | Non-Affiliate | PC | Scholarships | $58,960 |
| Pueblo Community College Foundation | |||||||
| 900 West Orman Avenue | Pueblo | CO | 810041499 | Non-Affiliate | PC | Scholarships | $60,041 |
| Otero Community College | |||||||
| 1802 Colorado Avenue | La Junta | CO | 81050 | Non-Affiliate | PC | Scholarships | $22,032 |
| Trinidad State Education Foundation | |||||||
| 600 Prospect Street | Trinidad | CO | 81082 | Non-Affiliate | PC | Scholarships | $11,253 |
| Lamar Community College | |||||||
| 2401 S Main St | Lamar | CO | 81052 | Non-Affiliate | PC | Scholarships | $46,739 |
| University of Colorado Foundation | |||||||
| 1420 Austin Bluffs Pkwy | Colorado Springs | CO | 80918 | Non-Affiliate | PC | Scholarships | $75,000 |
| National Museum of World War II Aviation | |||||||
| 755 Aviation Way | Colorado Springs | CO | 80916 | Non-Affiliate | PC | Operational | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,546,019 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,050 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $651,047 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $781,933 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,434,030 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,434,030 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Tax Preparation Costs | CategoryTxt |
| Amt | $6,140 | Amt |
| Net Investment Income | $3,070 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,070 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (38 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 3M 2% Due 2/14/25 | $122,494 | $122,494 |
| ADP 1.7% 5/15/28 | $133,890 | $133,890 |
| Air Products 1.85% 5/15/27 | $275,640 | $275,640 |
| Alphabet 3.375% 2/25/24 | $0 | $0 |
| Apple Note 2.45% 8/4/26 | $190,000 | $190,000 |
| BNSF 3.65% 9/1/25 | $147,030 | $147,030 |
| Boulder County 2.5% 10/15/23 | $0 | $0 |
| Bristol Myers 3.45% 11/15/27 | $143,100 | $143,100 |
| Bristol Myers 3.9% 2/20/28 | $145,020 | $145,020 |
| Chevron 2.954% 5/16/26 | $192,400 | $192,400 |
| Cisco Systems 4.95% 2/26/31 | $149,910 | $149,910 |
| Coca-Cola 1.65% 6/1/30 | $125,820 | $125,820 |
| Danaher 3.35% 9/15/25 | $97,810 | $97,810 |
| Duke Energy 2.45% 8/15/29 | $132,540 | $132,540 |
| Duke Energy 2.95% Due 12/1/26 | $119,125 | $119,125 |
| Emerson Electric 1.95% 10/15/30 | $147,788 | $147,788 |
| Exxon Mobil 2.275% 8/16/26 | $141,975 | $141,975 |
| Google 3.375 2/25/24 | $0 | $0 |
| Grainger 1.85% 2/15/25 | $97,850 | $97,850 |
| Hershey 1.7% 6/1/30 | $104,563 | $104,563 |
| Home Depot, 3.9%, 12/06/28 | $144,870 | $144,870 |
| Honeywell 2.7% 8/15/29 | $90,450 | $90,450 |
| Intel 1.6% 8/12/28 | $131,160 | $131,160 |
| Lowes 3.125% 9/15/24 | $149,340 | $149,340 |
| Mastercard 3.3% 3/26/27 | $189,300 | $189,300 |
| Merck Bond 3.4% 3/7/29 | $188,820 | $188,820 |
| Microsoft 3.125% 11/03/25 | $195,080 | $195,080 |
| Mid-America Energy 3.1% 5/1/27 | $95,450 | $95,450 |
| Midamerican Energy 3.65% 4/15/29 | $189,000 | $189,000 |
| Nextera Energy 3.125% 12/1/25 | $97,000 | $97,000 |
| Pepsico 1.625% 5/1/30 | $188,392 | $188,392 |
| Pepsico 2.85% 2/24/26 | $144,855 | $144,855 |
| Pepsico 3% 10/15/27 | $118,200 | $118,200 |
| Salesforce.com 1.5% 7/15/28 | $175,780 | $175,780 |
| Stryker 3.375% 5/15/24 | $0 | $0 |
| Texas Inst. 2.25% 9/4/29 | $110,538 | $110,538 |
| Toyota .681% 3/25/24 | $0 | $0 |
| Toyota 3.669% 7/20/28 | $192,500 | $192,500 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (38 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Abbott Labs | $716,979 | $716,979 |
| Air Products & Chemicals | $309,660 | $309,660 |
| Amazon.com Inc | $444,475 | $444,475 |
| Apple | $2,274,696 | $2,274,696 |
| Auto Data Processing | $907,022 | $907,022 |
| Becton Dickinson | $274,609 | $274,609 |
| Berkshire Hathaway B Shares | $1,423,800 | $1,423,800 |
| Charles Schwab Corp | $0 | $0 |
| Chevron | $488,813 | $488,813 |
| Coca-Cola | $716,063 | $716,063 |
| Colgate Palmolive | $174,672 | $174,672 |
| Costco | $934,989 | $934,989 |
| Danaher | $1,324,205 | $1,324,205 |
| Diageo PLC | $167,056 | $167,056 |
| Emerson Electric | $476,442 | $476,442 |
| Fiserv Inc | $745,200 | $745,200 |
| $1,797,516 | $1,797,516 | |
| Home Depot Inc | $464,724 | $464,724 |
| Illinois Tool Works | $1,060,396 | $1,060,396 |
| iShares MSCI EAFE Index Fund | $900,795 | $900,795 |
| iShares MSCI Emerging Mkt Fund | $291,742 | $291,742 |
| iShares Russell 2000 Index Fund | $978,944 | $978,944 |
| iShares S&P Midcap 400 Index Fund | $1,141,140 | $1,141,140 |
| Johnson And Johnson | $584,640 | $584,640 |
| Linde PLC | $745,977 | $745,977 |
| McCormick & CO | $319,230 | $319,230 |
| Merck & Co Inc | $0 | $0 |
| Microsoft | $2,435,878 | $2,435,878 |
| Nestle SA ADR | $565,893 | $565,893 |
| Nike | $425,841 | $425,841 |
| Pepsico | $828,773 | $828,773 |
| Procter And Gamble | $783,370 | $783,370 |
| Schwab U.S. TIPS ETF | $0 | $0 |
| Starbucks Corp | $467,100 | $467,100 |
| Stryker | $1,122,825 | $1,122,825 |
| Thermo Fisher Scientific Inc | $414,750 | $414,750 |
| Visa Class A | $977,701 | $977,701 |
| Walt Disney Co | $208,509 | $208,509 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,815,510 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,815,510 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $6,076 | LegalFeesAmt |
| Disbursements Charitable Prps | $6,076 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Accrued Bond Interest | Desc |
| BOY Book Value | $42,840 | BOYBookValueAmt |
| EOY Book Value | $58,782 | EOYBookValueAmt |
| EOYFMV | $58,782 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Expenses | Desc |
| Revenue And Expenses Per Books | $7,306 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $5,479 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,826 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized Gains and Losses | Desc |
| Amt | $1,439,298 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Future Funding Obligations | Desc |
| BOY Book Value | $4,312,378 | BOYBookValueAmt |
| EOY Book Value | $3,238,026 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Management / Advisory Fees | CategoryTxt |
| Amt | $113,057 | Amt |
| Net Investment Income | $113,057 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Taxes | CategoryTxt |
| Amt | $13,749 | Amt |
| Net Investment Income | $2,749 | NetInvestmentIncomeAmt |