LIBERTY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LIBERTY FOUNDATION (EIN 82-3656138)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-03-26
IRS object ID
202530859349100218
Schema version
2024v5.1
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)
Return2025-03-26T15:09:19-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381944367PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Derderian Kann Seyferth & Salucci PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13001 West Big Beaver Suite 700AddressLine1Txt
CityTroyCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48084ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823656138EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIBERTY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIBEBusinessNameControlTxt
Phone7346242172PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 Town Center DrAddressLine1Txt
CityDearbornCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48126ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBBIN L VANDERVORTPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2055-03-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM E BORK CPAPreparerPersonNm
PTINP00227230PTIN
Phone2486493400PhoneNum
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$19,195,947FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$8,000,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$362,403DividendsRevAndExpnssAmt
Dividends Net Invst Incm$362,403DividendsNetInvstIncmAmt
Total Rev And Expnss$8,362,403TotalRevAndExpnssAmt
Total Net Invst Incm$362,403TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,150AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,150AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$52,622OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,622OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss$29,702InterestRevAndExpnssAmt
Interest Net Invst Incm$29,702InterestNetInvstIncmAmt
Taxes Rev And Expnss$3,763TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$20TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,021OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,021OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$88,258TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$32,324TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,191TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$402,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$402,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$490,258TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$32,324TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$404,191TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$7,872,145ExcessRevenueOverExpensesAmt
Net Investment Income$330,079NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,845,244CashBOYAmt
Cash EOY$8,708,614CashEOYAmt
Cash EOYFMV$8,708,614CashEOYFMVAmt
Sav And Temp Cash Invst BOY$10,296,877SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,521,660SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,487,333SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$12,142,121TotalAssetsBOYAmt
Total Assets EOY$20,230,274TotalAssetsEOYAmt
Total Assets EOYFMV$19,195,947TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$12,142,121RetainedEarningBOYAmt
Retained Earning EOY$20,230,274RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$12,142,121TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,230,274TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,142,121TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,230,274TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$12,142,121TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$7,872,145ExcessRevenueOverExpensesAmt
Other Increases$216,008OtherIncreasesAmt
Subtotal$20,230,274SubtotalAmt
Tot Net Ast Or Fund Balances EOY$20,230,274TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,588InvestmentIncomeExciseTaxAmt
Subtotal$4,588SubtotalAmt
Tax Based On Investment Income$4,588TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,400EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,400TotalPaymentsAndCreditsAmt
Tax Due$2,188TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ROBBIN L VANDERVORTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7346242172PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line125194 Golf Lake CircleAddressLine1Txt
CityBonita SpringsCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34135ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SAMUEL A DAWSON
500 Town Center DrDEARBORNMI48126President1.00$0
CAROLYN F DAWSON
500 Town Center DrDEARBORNMI48126Secretary1.00$0
ROBBIN L VANDERVORT
500 Town Center DrDEARBORNMI48126Treasurer5.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$8,207,745AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,403,054AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,610,799TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$12,610,799AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$189,162CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,421,637NetVlNoncharitableAssetsAmt
Minimum Investment Return$621,082MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$621,082MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,588TaxBasedOnInvestmentIncomeAmt
Total Tax$4,588TotalTaxAmt
Distributable Before Adj$616,494DistributableBeforeAdjAmt
Distributable Before Ded$616,494DistributableBeforeDedAmt
Distributable As Adjusted$616,494DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$404,191ExpensesAndContributionsAmt
Qualifying Distributions$404,191QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$616,494DistributableAsAdjustedAmt
Undistributed Income PY$401,844UndistributedIncomePYAmt
Qualifying Distributions$404,191QualifyingDistributionsAmt
Applied To Year1$401,844AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,347AppliedToCurrentYearAmt
Undistributed Income CY$614,147UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSAMUEL A DAWSONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INTER-CITY BAPTIST CHURCH
4700 ALLEN RDALLEN PARKMI48101NONENCTo benefit religious or other charitable purposes.$143,500
GOSPEL GRACE CHURCH
PO BOX 83FORTVILLEIN46040NONENCTo benefit religious or other charitable purposes.$15,000
PILLAR CHURCH INC
500 N 99TH STWAUWATOSAWI53226NONENCTo benefit religious or other charitable purposes.$54,000
LAKEWOOD BAPTIST CHURCH
W274N1490 RIVERLAND DRPEWAUKEEWI53072NONENCTo benefit religious or other charitable purposes.$75,000
EMMANUEL CHURCH
412 W SYCAMORE STCOLUMBUS GROVEOH45830NONENCTo benefit religious or other charitable purposes.$50,000
RESURRECTION CHURCH
2071 PORTER AVELINCOLN PARKMI48146NONENCTo benefit religious or other charitable purposes.$39,500
GRACE BAPTIST CHURCH OF HAMTRAMCK
2950 CANIFF STREETHAMTRAMCKMI48212NONENCTo benefit religious or other charitable purposes.$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$402,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$362,403ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$362,403ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$362,403TotalIncomeProducingActyAmt

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 PersonSAMUEL A DAWSONContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11 PARKLANE BLVDAddressLine1Txt
CityDEARBORNCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48126ZIPCd
FieldValueIRS element (for citing)
Total Contributions$8,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,150Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,150DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE$981$981
POSTAGE$40$40

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVISORY FEES$52,595$2,595$0$0
COMMISSIONS$27$27$0$0

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSAMUEL A DAWSONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 Town Center DrAddressLine1Txt
CityDEARBORNCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48126ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL TAX$3,743
FILING FEE$20$20

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.