SANBORN FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SANBORN FAMILY FOUNDATION (EIN 36-4262020)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-07-31
IRS object ID
202402139349101325
Schema version
2023v5.1
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)
Return2024-07-31T16:06:55-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363682564PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Tax & Beyond - HalstedBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13456 S Halsted StAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60608ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364262020EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SANBORN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSANBBusinessNameControlTxt
Phone8472745827PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17178 SE GOLFRIDGE WAYAddressLine1Txt
CityHOBE SOUNDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33455ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT SANBORNPersonNm
Person TitleDirectorPersonTitleTxt
Signature2024-07-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonScott KrausePreparerPersonNm
PTINP00800380PTIN
Phone7738935102PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,093,424FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$11,198ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$334,196DividendsRevAndExpnssAmt
Dividends Net Invst Incm$334,196DividendsNetInvstIncmAmt
Dividends Adj Net Incm$334,196DividendsAdjNetIncmAmt
Total Rev And Expnss$345,394TotalRevAndExpnssAmt
Total Net Invst Incm$334,196TotalNetInvstIncmAmt
Total Adj Net Incm$334,196TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,350AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$10,919TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3,748TaxesNetInvstIncmAmt
Taxes Adj Net Incm$3,748TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$13,269TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,748TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,748TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$356,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$356,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$369,769TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,748TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,748TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$356,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$24,375ExcessRevenueOverExpensesAmt
Net Investment Income$330,448NetInvestmentIncomeAmt
Adjusted Net Income$330,448AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$630,364SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$597,793SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$597,793SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$3,260,818OtherInvestmentsBOYAmt
Other Investments EOY$3,325,499OtherInvestmentsEOYAmt
Other Investments EOYFMV$8,495,631OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,891,182TotalAssetsBOYAmt
Total Assets EOY$3,923,292TotalAssetsEOYAmt
Total Assets EOYFMV$9,093,424TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,891,182NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,923,292NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,891,182TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,923,292TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,891,182TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,923,292TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,891,182TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$24,375ExcessRevenueOverExpensesAmt
Other Increases$356,500OtherIncreasesAmt
Subtotal$4,223,307SubtotalAmt
Other Decreases$300,015OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,923,292TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,593InvestmentIncomeExciseTaxAmt
Subtotal$4,593SubtotalAmt
Tax Based On Investment Income$4,593TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,500EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,500TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$9EsPenaltyAmt
Tax Due$102TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
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 Line1ROBERT SANBORNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8472745827PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17178 SE GOLFRIDGE WAYAddressLine1Txt
CityHOBE SOUNDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33455ZIPCd
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
LOUISE SANBORN
7178 SE GOLFRIDGE WAYHOBE SOUNDFL33453Director1.00$0
ROBERT SANBORN
7178 SE GOLFRIDGE WAYHOBE SOUNDFL33453Director1.00$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$8,728,077AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$497,769AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,225,846TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$9,225,846AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$138,388CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,087,458NetVlNoncharitableAssetsAmt
Minimum Investment Return$454,373MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$454,373MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,593TaxBasedOnInvestmentIncomeAmt
Total Tax$4,593TotalTaxAmt
Distributable Before Adj$449,780DistributableBeforeAdjAmt
Distributable Before Ded$449,780DistributableBeforeDedAmt
Distributable As Adjusted$449,780DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$356,500ExpensesAndContributionsAmt
Qualifying Distributions$356,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$449,780DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$47,603ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$47,603TotalExcessDistributionCyovAmt
Qualifying Distributions$356,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$356,500AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$47,603ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$47,603ExcessDistributionCyovAppCYAmt
Undistributed Income CY$45,677UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHICAGO JESUIT ACADEMY
5058 W JACKSON BLVDCHICAGOIL60644NONEUNRESTRICTED$135,000
CHRISTO REY HIGH SCHOOL
1852 W 22ND PLACECHICAGOIL60608NONEUNRESTRICTED$50,000
GIFT OF ADOPTION
P O BOX 567CHICAGOIL60640NONEUNRESTRICTED$5,000
HILLSDALE COLLEGE
33 EAST COLLEGE ROADHILLSDALEMI49242NONEUNRESTRICTED$10,000
JOSEPHINUM ACADEMY
1501 N OAKLEY AVENUECHICAGOIL60622NONEUNRESTRICTED$10,000
ILLINOIS POLICY INSTITUTE
300 S RIVERSIDECHICAGOIL60606NONEUNRESTRICTED$5,000
LOBLOLLY FOUNDATION
7407 SE HILL TERRACEHOBE SOUNDFL33455NONEUNRESTRICTED$10,000
WIREPOINTS
1241 CENTRAL AVENUEWILMETTEIL60091NONEUNRESTRICTED$5,000
BARNSTABLE LAND TRUST
1540 MAIN STREETWEST BARNSTABLEMA02661NONEUNRESTRICTED$10,000
HOBE SOUND COMMUNITY CHEST
11450 SE DIXIE HIGHWAYHOBE SOUNDFL33455NONEUNRESTRICTED$20,000
LOXA-LUCIE INITIATIVE
9141 S E APOLLO STREETHOBE SOUNDFL33455NONEUNRESTRICTED$5,000
LOGGERHEAD MARINE LIFE
14200 U S HIGHWAY1JUNO BEACHFL33408NONEUNRESTRICTED$1,000
LIBRARY OF MARTIN COUNTY
10595 SE FEDERAL HIGHWAYHOBE SOUNDFL33455NONEUNRESTRICTED$1,000
JUPITER MEDICAL CENTER
1210 S OLD DIXIE HWYJUPITERFL33458NONEUNRESTRICTED$5,000
LYRIC THEATER
59 SW FLAGLER AVENUESTUARTFL34994NONEUNRESTRICTED$1,000
BARNSTABLE COMEDY CLUB
3171 MAIN STBARNSTABLEMA02630NONEUNRESTRICTED$2,000
CAPE PLAYHOUSE
820 MAIN STREET RTE 6ADENNISMA02638NONEUNRESTRICTED$2,000
CAPE ART CENTER
3480 ROUTE 6A MAIN STBARNSTABLEMA02638NONEUNRESTRICTED$2,000
HYANNIS YACHT CLUB FOUDATION
490 OCEAN STHYANNISMA02601NONEUNRESTRICTED$2,000
STURGIS LIBRARY
3090 MAIN STBARNSTABLEMA02630NONEUNRESTRICTED$2,000
UNITED CHURCH OF BARNSTABLE
3330 MAIN STBARNSTABLEMA02630NONEUNRESTRICTED$1,000
SOLACE FRIENDS
PO BOX 5587MADISONWI53705NONEUNRESTRICTED$5,000
COME TO BELIEVE
721 N LASALLE DRCHICAGOIL60654NONEUNRESTRICTED$20,000
CAPE COD YMCA
2245 IYANNOUGH RDWEST BARNSTABLEMA02668NONEUNRESTRICTED$5,000
BIG SHOULDERS
212 W VAN BURENCHICAGOIL60607NONEUNRESTRICTED$25,000
SAINT FRANCES XAVIER
347 SOUTH STREETHYANNISMA02601NONEUNRESTRICTED$2,500
FLORIDA STATE FRATERNAL ORDER OF PO
242 OFFICE PLAZATALLAHASSEEFL32301NONEUNRESTRICTED$10,000
SAINT CHRISTOPHER CHURCH
12001 SE FEDERALHOBE SOUNDFL33455NONEUNRESTRICTED$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$356,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$334,196RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$334,196RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$334,196TotalIncomeProducingActyAmt

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)
Amt$2,350Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
22000 ALTRIAAT COST$216,334$887,480
14500 PHILLIP MORRISAT COST$302,498$1,364,160
10200 BLACK AND DECKERAT COST$272,000$1,000,620
25224 MONDELEZAT COST$262,531$1,826,974
7674 KRAFT HEINZAT COST$192,042$283,785
80890 OAKEXAT COST$928,796$1,577,359
45042 OAKIXAT COST$932,639$1,208,918
10766 OAKGXAT COST$218,659$346,335

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
2022 DONATION CHECKS NOT CASHED UNTIL 2023$300,000
ILLINOIS FEE NOT CASHED UNTIL 2023$15

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
Desc2023 DONATION CHECKS NOT CASHED UNTIL 2024Desc
Amt$356,500Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FOREIGN TAXES PAID$3,748$3,748$3,748
ILLINOIS CHARITABLE BUREAU$15
INTERNAL REVENUE SERVICE - 2022$4,333
INTERNAL REVENUE SERVICE - 2022$4,500
TAX REFUND$1,677

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