THE JAMES BILLINGS FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE JAMES BILLINGS FOUNDATION INC (EIN 20-5822145)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-24
IRS object ID
202441769349100704
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)
Return2024-06-24T13:01:15-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MDENNIS MODRAK CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1371 INTERSTATE BLVDAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205822145EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE JAMES BILLINGS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12422 DICK WILSON DRAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES BILLINGSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9413663125PhoneNum
Signature2024-06-13SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastBILLINGSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonM DENNIS MODRAK CPAPreparerPersonNm
PTINP01241654PTIN
Phone9413774500PhoneNum
Preparation2024-06-24PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$420,423FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$5,487DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,487DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$17,699NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$34,263GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$17,699CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$623OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$23,809TotalRevAndExpnssAmt
Total Net Invst Incm$23,186TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,925OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,525TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,675TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,150TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$20,866ExcessRevenueOverExpensesAmt
Net Investment Income$23,186NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$16,963CashBOYAmt
Cash EOY$1,587CashEOYAmt
Cash EOYFMV$1,587CashEOYFMVAmt
Corporate Stock BOY$99,564CorporateStockBOYAmt
Corporate Stock EOY$93,496CorporateStockEOYAmt
Corporate Stock EOYFMV$418,836CorporateStockEOYFMVAmt
Total Assets BOY$116,527TotalAssetsBOYAmt
Total Assets EOY$95,083TotalAssetsEOYAmt
Total Assets EOYFMV$420,423TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$116,527RetainedEarningBOYAmt
Retained Earning EOY$95,661RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$116,527TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$95,661TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$116,527TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$95,661TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$116,527TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$20,866ExcessRevenueOverExpensesAmt
Subtotal$95,661SubtotalAmt
Tot Net Ast Or Fund Balances EOY$95,661TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ABBOTTP2023-06-12$5,051$1,033$4,018$4,018
BRISTOL MYERSP2023-06-12$3,265$2,795$470$470
EPR PROPERTIESP2023-06-12$8,740$2,258$6,482$6,482
PAYPAL HOLDINGSP2023-08-11$9,465$2,093$7,372$7,372
BRISTOL MYERSP2023-12-21$7,742$8,385-$643-$643
FieldValueIRS element (for citing)
Capital Gain Net Income$17,699CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$322InvestmentIncomeExciseTaxAmt
Subtotal$322SubtotalAmt
Tax Based On Investment Income$322TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$578EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$578TotalPaymentsAndCreditsAmt
Overpayment$256OverpaymentAmt
Applied To ES Tax$256AppliedToESTaxAmt

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
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES BILLINGSIndividualWithBooksNm
Phone9415044510PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17672 DONALD ROSS RD WAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd
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
JAMES BILLINGS
7672 DONALD ROSS RD WSARASOTAFL34240PRESIDENT000.00$0$0$0
KARIN S BILLINGS
7672 DONALD ROSS RD WSARASOTAFL34240SECRETARY000.00$0$0$0
ELIZABETH B WRIGHT
135 AVENIDA MIRAFLORESTIBURONCA94920DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$388,861AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,887AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$397,748TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$397,748AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,966CashDeemedCharitableAmt
Net Vl Noncharitable Assets$391,782NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,589MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,589MinimumInvestmentReturnAmt
Tax Based On Investment Income$322TaxBasedOnInvestmentIncomeAmt
Total Tax$322TotalTaxAmt
Distributable Before Adj$19,267DistributableBeforeAdjAmt
Distributable Before Ded$19,267DistributableBeforeDedAmt
Distributable As Adjusted$19,267DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,150ExpensesAndContributionsAmt
Qualifying Distributions$40,150QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,267DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$8,502ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,310ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$13,342ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$15,832ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$22,138ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$68,124TotalExcessDistributionCyovAmt
Qualifying Distributions$40,150QualifyingDistributionsAmt
Applied To Current Year$19,267AppliedToCurrentYearAmt
Remaining Distri From Corpus$20,883RemainingDistriFromCorpusAmt
Total Corpus$89,007TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$8,502ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$80,505ExcessDistriCyovToNextYrAmt
Excess From Year4$8,310ExcessFromYear4Amt
Excess From Year3$13,342ExcessFromYear3Amt
Excess From Year2$15,832ExcessFromYear2Amt
Excess From Year1$22,138ExcessFromYear1Amt
Excess From Current Year$20,883ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJAMES BILLINGSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line17672 DONALD ROSS RD WAddressLine1Txt
CitySARSOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9413663125RecipientPhoneNum
Form And Info And MaterialsWRITTEN REQUESTS ONLYFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
CORNELL UNIVERSITY
PO BOX 2600ITHACANY14851CHARITABLE$10,000
FANDANGO SANCTUARY INC
616 PINTO TRAILLENGLEWOODFL34223CHARITABLE$25,000
SPCA
5850 BRANNEN RD SLAKELANDFL33813CHARITABLE$1,000
ALL FAITHS FOOD BANK
8171 BLAIKIE CTSARASOTAFL34240CHARITABLE$2,000
ONE MORE DAY
652 N ELM STENGLEWOODFL34223CHARITABLE$250
BE THE CHANGE
2855 KIFER RDSANTA CLARACA95051CHARITABLE$250STE 135
HUMANE SOCIETY
2331 15TH STSARASOTAFL34237CHARITABLE$500
WATERFORD SCHOOL
12950 LAKE UNDERHILL RDORLANDOFL32828CHARITABLE$1,000
ROYAL PET RESCUE
10967 TARPON AVETAMPAFL34237CHARITABLE$150
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$5,487ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$17,699ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescTAX REFUNDDesc
Exclusion1ExclusionCd
Exclusion$623ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$23,809ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$23,809TotalIncomeProducingActyAmt

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)
CategoryCPACategoryTxt
Amt$1,600Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCHWAB INSTITUTIONALStockNm
EOY Book Value$93,496EOYBookValueAmt
EOYFMV$418,836EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTAX REFUNDDesc
Revenue And Expenses Per Books$623RevenueAndExpensesPerBooksAmt
Adjusted Net Income$623AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$2,925Amt

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