BOYD FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BOYD FAMILY FOUNDATION (EIN 65-6237736)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-17
IRS object ID
202431699349100238
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)
Return2024-06-17T18:49:21-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN201662635PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RAPACKI & COMPANY PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16800 FRANCE AVE S STE 120AddressLine1Txt
CityEDINACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55435ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN656237736EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BOYD FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O VIRGINIA STOVERBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBOYDBusinessNameControlTxt
Phone5159614238PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11527 ALDERWOOD DRAddressLine1Txt
CitySUGAR LANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77479ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVIRGINIA STOVERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5159614238PhoneNum
Signature2024-06-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstVIRGINIAPersonFirstNm
Person LastSTOVERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH L RAPACKI JR CPAPreparerPersonNm
PTINP01202569PTIN
Phone9529455011PhoneNum
Preparation2024-06-03PreparationDt
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$434,046FMVAssetsEOYAmt
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$610InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$610InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$10,643DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,643DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$25,425NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$46,006GrossSalesPriceAmt
Total Rev And Expnss$36,678TotalRevAndExpnssAmt
Total Net Invst Incm$11,253TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,862OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,512TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$19,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$19,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$24,512TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,166ExcessRevenueOverExpensesAmt
Net Investment Income$11,253NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$7,031SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$19,230SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$19,230SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$11,750USGovernmentObligationsBOYAmt
US Government Obligations EOY$11,746USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$11,746USGovtObligationsEOYFMVAmt
Corporate Stock BOY$383,699CorporateStockBOYAmt
Corporate Stock EOY$403,070CorporateStockEOYAmt
Corporate Stock EOYFMV$403,070CorporateStockEOYFMVAmt
Total Assets BOY$402,480TotalAssetsBOYAmt
Total Assets EOY$434,046TotalAssetsEOYAmt
Total Assets EOYFMV$434,046TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$402,480NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$434,046NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$402,480TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$434,046TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$402,480TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$434,046TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$402,480TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,166ExcessRevenueOverExpensesAmt
Other Increases$19,400OtherIncreasesAmt
Subtotal$434,046SubtotalAmt
Tot Net Ast Or Fund Balances EOY$434,046TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$156InvestmentIncomeExciseTaxAmt
Subtotal$156SubtotalAmt
Tax Based On Investment Income$156TaxBasedOnInvestmentIncomeAmt
Tax Due$156TaxDueAmt

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
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksVIRGINIA STOVERIndividualWithBooksNm
Phone5153602946PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11527 ALDERWOOD DRAddressLine1Txt
CitySUGAR LANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77479ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
VIRGINIA STOVER
1527 ALDERWOOD DRSUGAR LANDTX77479PRESIDENT000.00$0$0$0
MARY BAHRS
10004 THORNWOODKENSINGTONMD20895TRUSTEE000.00$0$0$0
JANE GRANDUSKY
7340 PIONEER ROADWEST PALM BEACHFL33401TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ORGANIZATION GAVE FUNDS TO UNION CONGREGATIONAL CHURCH WEST PALM BEACH FL WITH NO RESTRICTIONS AS HOW THE FUNDS MAY BE USED. ALSO THE BETHESDA MARYLAND UNITED CHURCH OF CHRIST.Description1Txt
Expenses1$14,500Expenses1Amt
Description2THE ORGANIZATION GAVE FUNDS TO SCHOOLS FOR EDUCATIONAL PURPOSES. (SCHOOL OF THE ARTS FOUNDATION, WPB, FL. AND THE SIMPSON FUND, SIMPSON COLLEGE, INDIANOLA, IA.)Description2Txt
Expenses2$3,500Expenses2Amt
Description3THE ORGANIZATION GAVE FUNDS TO NANTUCKET AFFORDABLE HOUSING FUND, NANTUCKET MADescription3Txt
Expenses3$1,000Expenses3Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$352,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$13,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$41,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$406,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$406,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,090CashDeemedCharitableAmt
Net Vl Noncharitable Assets$399,910NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,996MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,000ExpensesAndContributionsAmt
Qualifying Distributions$19,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$19,000QualifyingDistributionsAmt
Remaining Distri From Corpus$19,000RemainingDistriFromCorpusAmt
Total Corpus$19,000TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$19,000CurrentYearAmt
Year1$18,000Year1Amt
Year2$20,000Year2Amt
Year3$19,000Year3Amt
Total$76,000TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$19,000CurrentYearAmt
Year1$18,000Year1Amt
Year2$20,000Year2Amt
Year3$19,000Year3Amt
Total$76,000TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$13,331CurrentYearAmt
Year1$12,756Year1Amt
Year2$12,149Year2Amt
Year3$13,101Year3Amt
Total$51,337TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
SCHOOL OF ARTS FOUNDATION
PO BOX 552WEST PALM BEACHFL33402NONPROFITEDUCATION$2,000
THE SIMPSON FUND
701 N C STREETINDIANOLAIA50125NONPROFITEDUCATION$1,500701 NC ST
UNION CONGREGATIONAL CHURCH
5088 SUMMIT BOULEVARDWEST PALM BEACHFL33415NONPROFITCHURCH$14,000
BETHESDA UNITED CHURCH OF CHRIST
FERNWOOD RDBETHESDAMD20817NONPROFITCHURCH$500
NANTUCKET AFFORDABLE HOUSING
75 OLD SOUTH RDNANTUCKETMA02554NONPROFITCOMMUNITY$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$19,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$610ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,643ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$25,425RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,253ExclusionAmt
Related Or Exempt Function Incm$25,425RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,678TotalIncomeProducingActyAmt

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)
CategoryTAX PREPCategoryTxt
Amt$650Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
PERSHING2022-07PURCHASE2023-05$558$619-$61
PERSHING2012-07PURCHASE2023-05$4,194$4,655-$461
PERSHING2004-06PURCHASE2023-05$13,279$9,269$4,010
120 SHR DISNEY WALT CO2009-12PURCHASE2023-05$11,058$3,870$7,188
43 SHR KLA CORP2009-12PURCHASE2023-05$16,579$1,555$15,024
9 SHR KYNDRYL HLDGS2022-01PURCHASE2023-05$120$163-$43
24 VIATRIS INC2020-12PURCHASE2023-05$218$450-$232

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
OTHER FUNDS$354,434$354,434
MUTUAL FUNDS$48,636$48,636

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$11,746USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$11,746USGovtObligationsEOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINDesc
Amt$19,400Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKER FEECategoryTxt
Amt$4,862Amt

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