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THE KOUNS FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE KOUNS FAMILY FOUNDATION (EIN 88-6454694)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-13
IRS object ID
202441349349100114
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)
Return2024-05-13T06:59:28-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Heinz Jolles & Berry LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110375 Centurion Parkway N Ste 115AddressLine1Txt
CityJacksonvilleCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32256ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN886454694EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kouns Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% BARRY KOUNSInCareOfNm
Business Name ControlKOUNBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 La Mancha DriveAddressLine1Txt
CitySaint AugustineCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32086ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBarry KounsPersonNm
Person TitleTrusteePersonTitleTxt
Phone9122271323PhoneNum
Signature2024-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBarryPersonFirstNm
Person LastKounsPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMIE M JOLLESPreparerPersonNm
PTINP00293744PTIN
Phone9046522230PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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$1,046,479FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$30,444DividendsRevAndExpnssAmt
Dividends Net Invst Incm$30,444DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$236,650NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,364,496GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$236,650CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$267,094TotalRevAndExpnssAmt
Total Net Invst Incm$267,094TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$48,000CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$750AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$725TaxesRevAndExpnssAmt
Taxes Net Invst Incm$718TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$461TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$8,068OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,307OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$58,754TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,775TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$51,450ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$51,450ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$110,204TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,775TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$51,450TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$156,890ExcessRevenueOverExpensesAmt
Net Investment Income$260,319NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$52,410CashBOYAmt
Cash EOY$94,710CashEOYAmt
Cash EOYFMV$94,710CashEOYFMVAmt
Corporate Stock BOY$984,013CorporateStockBOYAmt
Corporate Stock EOY$951,769CorporateStockEOYAmt
Corporate Stock EOYFMV$951,769CorporateStockEOYFMVAmt
Total Assets BOY$1,036,423TotalAssetsBOYAmt
Total Assets EOY$1,046,479TotalAssetsEOYAmt
Total Assets EOYFMV$1,046,479TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,036,423NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,046,479NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,036,423TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,046,479TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,036,423TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,046,479TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,036,423TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$156,890ExcessRevenueOverExpensesAmt
Subtotal$1,193,313SubtotalAmt
Other Decreases$146,834OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,046,479TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
NATIONAL FINANCIAL SERVICES 6705 - SEE STMT ATTCHDD2023-12-31$1,274,329$1,070,337$204,752$203,992
NATIONAL FINANCIAL SERVICES 6705 - SEE STMT ATTCHDD2023-12-31$2,507$2,714-$207-$207
NATIONAL FINANCIAL SERVICES 6705 - SEE STMT ATTCHDD2023-12-31$34,451$22,320$12,131$12,131
NATIONAL FINANCIAL SERVICES 6705 - SEE STMT ATTCHD2023-12-31$48,455$33,235$15,220$15,220
CAPITAL GAIN DIVIDENDSP$4,754
CAPITAL GAIN DIVIDENDSP$4,754
CAPITAL GAIN DIVIDENDSP$4,754
CAPITAL GAIN DIVIDENDSP$4,754
FieldValueIRS element (for citing)
Capital Gain Net Income$236,650CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,618InvestmentIncomeExciseTaxAmt
Subtotal$3,618SubtotalAmt
Tax Based On Investment Income$3,618TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$3,618TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1BARRY KOUNSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9122271323PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1700 LA MANCHA DRIVEAddressLine1Txt
CitySaint AugustineCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32086ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BARRY KOUNS
700 LA MANCHA DRIVESAINT AUGUSTINEFL32086TRUSTEE0$0$0$0
ROXANNE KOUNS
700 LA MANCHA DRIVESAINT AUGUSTINEFL32086TRUSTEE0$0$0$0
ELIZABETH WILCOX
44 GRENN PALM CIRCLESAINT AUGUSTINEFL32086TRUSTEE0$48,000$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$807,863AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$229,069AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,036,932TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,036,932AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,554CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,021,378NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,069MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,069MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,618TaxBasedOnInvestmentIncomeAmt
Total Tax$3,618TotalTaxAmt
Distributable Before Adj$47,451DistributableBeforeAdjAmt
Distributable Before Ded$47,451DistributableBeforeDedAmt
Distributable As Adjusted$47,451DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$51,450ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$51,450QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,451DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr1$18,887ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$18,887TotalExcessDistributionCyovAmt
Qualifying Distributions$51,450QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$47,451AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,999RemainingDistriFromCorpusAmt
Total Corpus$22,886TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$22,886ExcessDistriCyovToNextYrAmt
Excess From Year1$18,887ExcessFromYear1Amt
Excess From Current Year$3,999ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBARRY AND ROXANNE KOUNSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
CHANGING LIVES INTERNATIONAL
3945 S NORTON AVENUELOS ANGELESCA90008N/APCGENERAL FUND$5,000
HORSE PLAY THERAPY CENTER
1925 STATE ROAD 207SAINT AUGUSTINEFL32086N/APCGENERAL FUND$5,000
VERITAS CLASSICAL SCHOOL
169 M L KING AVEST AUGUSTINEFL32084NONEPCGENERAL FUND$13,000
ESTEEM WOMEN'S CENTER
27 SEVILLA STST AUGUSTINEFM32084NONEPCGENERAL FUND$4,200
GOOD NEWS CHURCH
1357 WILDWOOD DRIVEST AUGUSTINEFL32086NONEPCGENERAL FUND$10,000
HABITAT FOR HUMANITY
285 PEACHTREE CENTER AVE NEATLANTAGA30303NONEPCGENERAL FUND$5,000SUITE 2700
SMILEFAITH FOUNDATION INC
9775 HWY 805JENKINSKY41537NONEPCGENERAL FUND$5,000
CAF AMERICA
225 REINEKERS LANEALEXANDRIAVA22314NONEPCGENERAL FUND$4,250SUITE 375
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$51,450TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$30,444ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$236,650ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$267,094ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$267,094TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIES - TRUIST 6705StockNm
EOY Book Value$951,769EOYBookValueAmt
EOYFMV$951,769EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TO FMV ADJUSTMENTDesc
Amt$146,834Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
ACCOUNT MGMT FEES$5,307$5,307
COMPUTER/SOFTWARE EXPENSE$358
OFFICE SUPPLIES$729
EQUIPMENT LEASE OR RENTAL$1,674

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX PAID$718$718
EXCISE TAX$7

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