SCOOB TRUST FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SCOOB TRUST FOUNDATION (EIN 20-6790446)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-16
IRS object ID
202431379349100628
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)
Return2024-05-16T06:50:23-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861469385PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Kell B Rabern CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15825 221st Pl SE Ste 208AddressLine1Txt
CityIssaquahCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98027ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN206790446EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Scoob Trust FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSCOOBusinessNameControlTxt
Phone4065879779PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17180 Tepee Ridge RoadAddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59715ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSusan KellyPersonNm
Person TitleDirectorPersonTitleTxt
Signature2024-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSusanPersonFirstNm
Person LastKellyPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKell B RabernPreparerPersonNm
PTINP00206906PTIN
Phone4252811776PhoneNum
Self EmployedYes (X)SelfEmployedInd

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$6,885,747FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,567,494ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$206,883DividendsRevAndExpnssAmt
Dividends Net Invst Incm$206,883DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$55,273NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,760,627GrossSalesPriceAmt
Total Rev And Expnss$1,719,104TotalRevAndExpnssAmt
Total Net Invst Incm$206,883TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,494AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,247AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,023TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,023TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$30,410OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$30,410OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$34,927TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$33,680TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,191,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,191,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,225,927TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$33,680TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,191,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$493,177ExcessRevenueOverExpensesAmt
Net Investment Income$173,203NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,762,070SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,668,024SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,668,024SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl EOYFMV$1,080AcctRcvblEOYFMVAmt
US Government Obligations BOY$96,315USGovernmentObligationsBOYAmt
US Government Obligations EOY$96,419USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$90,719USGovtObligationsEOYFMVAmt
Corporate Stock BOY$2,919,835CorporateStockBOYAmt
Corporate Stock EOY$3,049,706CorporateStockEOYAmt
Corporate Stock EOYFMV$3,732,551CorporateStockEOYFMVAmt
Corporate Bonds BOY$91,185CorporateBondsBOYAmt
Corporate Bonds EOY$91,153CorporateBondsEOYAmt
Corporate Bonds EOYFMV$63,872CorporateBondsEOYFMVAmt
Other Investments BOY$872,221OtherInvestmentsBOYAmt
Other Investments EOY$1,329,501OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,329,501OtherInvestmentsEOYFMVAmt
Total Assets BOY$5,741,626TotalAssetsBOYAmt
Total Assets EOY$6,234,803TotalAssetsEOYAmt
Total Assets EOYFMV$6,885,747TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$5,741,626RetainedEarningBOYAmt
Retained Earning EOY$6,234,803RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,741,626TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,234,803TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,741,626TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,234,803TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,741,626TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$493,177ExcessRevenueOverExpensesAmt
Subtotal$6,234,803SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,234,803TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly traded securitiesP2023-01-012023-01-23$1,755,806$1,815,900-$60,094-$60,094
Capital Gain Dividends$4,821
FieldValueIRS element (for citing)
Capital Gain Net Income-$55,273CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$60,094NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,408InvestmentIncomeExciseTaxAmt
Subtotal$2,408SubtotalAmt
Tax Based On Investment Income$2,408TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,868EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$1,540ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$5,408TotalPaymentsAndCreditsAmt
Overpayment$3,000OverpaymentAmt
Applied To ES Tax$3,000AppliedToESTaxAmt

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 StateMTOrgReportOrRegisterStateCd
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 Line1Foundation DirectorsBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4065879779PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1707AddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59771ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Susan Kelly
c/o Scoob Trust PO Box 1707BozemanMT59771Director1.00$0
Brian Kelly
c/o Scoob Trust PO Box 1707BozemanMT59771Director1.00$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$5,706,924AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$397,482AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,104,406TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$6,104,406AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$91,566CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,012,840NetVlNoncharitableAssetsAmt
Minimum Investment Return$300,642MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$300,642MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,408TaxBasedOnInvestmentIncomeAmt
Total Tax$2,408TotalTaxAmt
Distributable Before Adj$298,234DistributableBeforeAdjAmt
Distributable Before Ded$298,234DistributableBeforeDedAmt
Distributable As Adjusted$298,234DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,191,000ExpensesAndContributionsAmt
Qualifying Distributions$1,191,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$298,234DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$573,957ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$658,865ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$910,516ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$727,118ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$900,030ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,770,486TotalExcessDistributionCyovAmt
Qualifying Distributions$1,191,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$298,234AppliedToCurrentYearAmt
Remaining Distri From Corpus$892,766RemainingDistriFromCorpusAmt
Total Corpus$4,663,252TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$573,957ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,089,295ExcessDistriCyovToNextYrAmt
Excess From Year4$658,865ExcessFromYear4Amt
Excess From Year3$910,516ExcessFromYear3Amt
Excess From Year2$727,118ExcessFromYear2Amt
Excess From Year1$900,030ExcessFromYear1Amt
Excess From Current Year$892,766ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSusan KellyContributingManagerNm
Contributing ManagerBrian KellyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee statement attachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1See statement attachedAddressLine1Txt
CityStatement attachedCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59715ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation StatusPublicRecipientFoundationStatusTxt
Grant Or Contribution PurposeSupport of selected public charitiesGrantOrContributionPurposeTxt
Amt$1,191,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,191,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$206,883ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion$4,821ExclusionAmt
Related Or Exempt Function Incm-$60,094RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$211,704ExclusionAmt
Related Or Exempt Function Incm-$60,094RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$151,610TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Kelly Charitable Lead Annuity Trust
17180 Tepee Ridge RoadBozemanMT59715$765,000Yes (X)
John Otis Fry CLAT
27180 Tepee Ridge RoadBozemanMT59715$800,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting feesCategoryTxt
Amt$2,494Amt
Net Investment Income$1,247NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondMorgan Stanley Accts Schedule attachedBondNm
EOY Book Value$91,153EOYBookValueAmt
EOYFMV$63,872EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Morgan Stanley Accts Stocks$2,503,849$3,232,986
Morgan Stanley Accts Exchange-Traded Fnd$545,857$499,565

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$96,419USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$90,719USGovtObligationsEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMorgan Stanley Accts. Money Mkt MutualCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,329,501BookValueAmt
EOYFMV$1,329,501EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescInvestment advisory and managementDesc
Revenue And Expenses Per Books$30,410RevenueAndExpensesPerBooksAmt
Net Investment Income$30,410NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign tax on dividendsCategoryTxt
Amt$2,023Amt
Net Investment Income$2,023NetInvestmentIncomeAmt

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