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JAMES H FRANK FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
JAMES H FRANK FOUNDATION (EIN 33-1185058)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-06
IRS object ID
202421279349102017
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)
Return2024-05-06T11:41:51-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN474728406PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cohen Bender & Golden LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112400 Wilshire Blvd Ste 1250AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90025ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331185058EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES H FRANK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone3104509178PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12678 34TH STREETAddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES H FRANKPersonNm
Person Titlepresident & CFOPersonTitleTxt
Signature2024-05-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastFRANKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonIRENE A MARYOUNG CPAPreparerPersonNm
PTINP00643279PTIN
Phone3108201232PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$201,103FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$291InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$291InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$6,085DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,085DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$856NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$26,106GrossSalesPriceAmt
Total Rev And Expnss$5,520TotalRevAndExpnssAmt
Total Net Invst Incm$6,376TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$207TaxesRevAndExpnssAmt
Taxes Net Invst Incm$139TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,211OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,157OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,918TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,296TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,905ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,905ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$12,823TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,296TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,905TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,303ExcessRevenueOverExpensesAmt
Net Investment Income$5,080NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$24,154SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$16,787SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$16,787SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$50,594CorporateStockBOYAmt
Corporate Stock EOY$50,428CorporateStockEOYAmt
Corporate Stock EOYFMV$59,478CorporateStockEOYFMVAmt
Other Investments BOY$114,674OtherInvestmentsBOYAmt
Other Investments EOY$114,736OtherInvestmentsEOYAmt
Other Investments EOYFMV$124,838OtherInvestmentsEOYFMVAmt
Total Assets BOY$189,422TotalAssetsBOYAmt
Total Assets EOY$181,951TotalAssetsEOYAmt
Total Assets EOYFMV$201,103TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$189,422RetainedEarningBOYAmt
Retained Earning EOY$181,951RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$189,422TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$181,951TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$189,422TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$181,951TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$189,422TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,303ExcessRevenueOverExpensesAmt
Subtotal$182,119SubtotalAmt
Other Decreases$168OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$181,951TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
2 RTX CORPP1987-12-312023-10-27$159$5$154$154
150 VANECK GOLD MINERS ETFP2022-02-242023-10-10$4,169$5,179-$1,010-$1,010
22000 UNITED STATES TREASURY BILLP2023-10-032023-12-12$21,778$21,778
FieldValueIRS element (for citing)
Capital Gain Net Income-$856CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$71InvestmentIncomeExciseTaxAmt
Subtotal$71SubtotalAmt
Tax Based On Investment Income$71TaxBasedOnInvestmentIncomeAmt
Tax Due$71TaxDueAmt
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 StateCAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1COHEN BENDER & GOLDEN LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3108201232PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112400 WILSHIRE BLVD STE 1250AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90025ZIPCd
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
JAMES H FRANK
2678 34TH STREETSANTA MONICACA90405president & CFO5.00$0
ROBERT MARCUS
7218 ELMSBURY LANEWEST HILLSCA91307SECRETARY & DIR1.00$0
SAMUEL BLASER
406 S LEMON AVENUE 6WALNUTCA91789Director1.00$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$168,878AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,217AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$187,095TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$187,095AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,806CashDeemedCharitableAmt
Net Vl Noncharitable Assets$184,289NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,214MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,214MinimumInvestmentReturnAmt
Tax Based On Investment Income$71TaxBasedOnInvestmentIncomeAmt
Total Tax$71TotalTaxAmt
Distributable Before Adj$9,143DistributableBeforeAdjAmt
Distributable Before Ded$9,143DistributableBeforeDedAmt
Distributable As Adjusted$9,143DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,905ExpensesAndContributionsAmt
Qualifying Distributions$8,905QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,143DistributableAsAdjustedAmt
Undistributed Income PY$7,130UndistributedIncomePYAmt
Qualifying Distributions$8,905QualifyingDistributionsAmt
Applied To Year1$7,130AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,775AppliedToCurrentYearAmt
Undistributed Income CY$7,368UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PETERSEN AUTOMOTIVE MUSEUM
6060 WILSHIRE BLVDLOS ANGELESCA90036UNRELATEDPCCHARITABLE$5,275
CHP 11-99 FOUNDATION
2244 N STATE COLLEGE BLVDFULLERTONCA92831UNRELATEDPCCHARITABLE$250
GERMAN SHEPHERD RESCUE
PO BOX 50726IRVINECA92619UNRELATEDPCCHARITABLE$500
SD HONORARY DEPUTY SHERIFF'S ASS'N
PO BOX 421260SAN DIEGOCA92124UNRELATEDPCCHARITABLE$1,300
SCLERODERMA RESEARCH FOUNDATION
11704 WILSHIRE BLVDLOS ANGELESCA90025UNRELATEDPCCHARITABLE$100
ALZHEIMERS RESEARCH
4221 Wilshire Blvd Suite 400Los AngelesCA90010UNRELATEDPCCHARITABLE$300
CEDARS SINAI
8700 BEVERLY BLVD STE 2416LOS ANGELESCA90048UNRELATEDPCCHARITABLE$500
DISABLED AMERICAN VETERANS
11000 WILSHIRE BLVD 5227LOS ANGELESCA90024UNRELATEDPCCHARITABLE$340
RONALD REAGAN FOUNDATION
40 PRESIDENTIAL DRIVESIMI VALLEYCA93065UNRELATEDPCCHARITABLE$240
USO
201 WORLD WAYLOS ANGELESCA90045UNRELATEDPCCHARITABLE$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,905TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$291ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,085ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$856ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,520ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,520TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
200 CARRIER GLOBAL CORP$5,571$11,490
100 OTIS WORLDWIDE CORP$7,790$8,947
464 RAYTHEON TECHNOLOGIES CORP$37,067$39,041

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (6 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
400 VANGUARD INTLAT COST$25,069$26,596
500 ISHARE COREAT COST$48,207$50,995
150 WISDOMTREE EMERGING MARKETSAT COST$6,526$6,102
350 ENERGY SELECT SECTOR SPDR FUNDAT COST$24,311$29,344
30 SPDR GOLD SHARES ETFAT COST$5,366$5,735
160 VANECK JUNIOR GOLD MINERSAT COST$5,257$6,066

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK/TAX DIFFERENCE ON SALE OF SECURITIESDesc
Amt$168Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$4
FILING FEE$50
MANAGEMENT FEES$1,157$1,157

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL EXCISE TAX$68
FOREIGN TAX$139$139

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