GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC (EIN 36-3505302)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-30
- IRS object ID
- 202432439349100613
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-30T10:15:14-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363736640 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Smith & Cull Ltd | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 W Monroe Street Suite 2540 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363505302 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERALD A & KAREN A KOLSCHOWSKY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GERA | BusinessNameControlTxt |
| Phone | 6309692000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5235 WALNUT AVENUE STE 1 | AddressLine1Txt |
| City | DOWNERS GROVE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60515 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY J KOLSCHOWSKY | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2024-08-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK A CULL | PreparerPersonNm |
| PTIN | P00523257 | PTIN |
| Phone | 3124441776 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $36,194,214 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $5,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $418,136 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $418,136 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $418,136 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $462,487 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $462,487 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $462,487 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $224,352 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,874,666 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $224,352 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $2,902 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $6,104,975 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,104,975 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $883,525 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $93,047 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $9,305 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $83,742 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,325 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $733 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $6,592 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $206,129 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $20,613 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $185,516 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,170 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $3,170 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $17,381 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $1,738 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $15,643 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $145,930 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $14,594 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $131,336 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $472,982 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $46,983 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $425,999 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,359,400 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,359,400 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $10,832,382 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $46,983 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,785,399 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,727,407 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,057,992 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $883,525 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,888,516 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,689,418 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,693,627 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $150,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl EOY | $150,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $150,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $9,605,965 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,862,067 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $14,413,080 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $25,295,866 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $20,451,489 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $19,937,507 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $36,790,347 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,152,974 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $36,194,214 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $132,926 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $222,960 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $132,926 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $222,960 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $36,657,421 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $31,930,014 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $36,657,421 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $31,930,014 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $36,790,347 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $32,152,974 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $36,657,421 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,727,407 | ExcessRevenueOverExpensesAmt |
| Subtotal | $31,930,014 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $31,930,014 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (50 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 307 ISHARES CORE S&P MIDCAP ETF | P | 2023-07-27 | 2023-12-28 | $85,910 | $83,017 | $2,893 | $2,893 |
| 965 JPMORGAN BETABUILDERS EUROPE ETF | P | 2023-04-12 | 2023-06-26 | $51,046 | $52,982 | -$1,936 | -$1,936 |
| 999 JPMORGAN BETABUILDERS EUROPE ETF | P | 2023-04-12 | 2023-06-26 | $52,899 | $54,849 | -$1,950 | -$1,950 |
| 3 JPMORGAN BETABUILDERS EUROPE ETF | P | 2023-04-12 | 2023-06-26 | $159 | $165 | -$6 | -$6 |
| 887 JPMORGAN BETABUILDERS EUROPE ETF | P | 2023-01-01 | 2023-07-27 | $48,859 | $47,096 | $1,763 | $1,763 |
| 617 JPMORGAN BETABUILDERS EUROPE ETF | P | 2023-02-22 | 2023-07-27 | $34,298 | $32,396 | $1,902 | $1,902 |
| 890.58 FIDELITY 500 INDEX FUND | P | 2000-01-01 | 2023-01-27 | $125,803 | $89,911 | $35,892 | $35,892 |
| 761.545 FIDELITY 500 INDEX FUND | P | 2020-04-17 | 2023-02-22 | $105,634 | $75,926 | $29,708 | $29,708 |
| 535.937 FIDELITY 500 INDEX FUND | P | 2000-01-01 | 2023-06-26 | $80,798 | $49,246 | $31,552 | $31,552 |
| 619 ISHARES 7-10 YEAR TREASURY BOND | P | 2022-06-17 | 2023-12-05 | $58,367 | $62,018 | -$3,651 | -$3,651 |
| 617 ISHARES 7-10 YEAR TREASURY BOND | P | 2022-06-17 | 2023-12-05 | $58,160 | $61,817 | -$3,657 | -$3,657 |
| 1107 ISHARES US TREASURY BOND ETF | P | 2022-10-06 | 2023-12-05 | $25,021 | $25,157 | -$136 | -$136 |
| 167 ISHARES US TREASURY BOND ETF | P | 2022-10-06 | 2023-12-05 | $3,773 | $3,795 | -$22 | -$22 |
| 948 ISHARES US TREASURY BOND ETF | P | 2022-10-06 | 2023-12-05 | $21,427 | $21,543 | -$116 | -$116 |
| 1370 ISHARES MSCI JAPAN ETF | P | 2000-01-01 | 2023-04-12 | $79,757 | $95,147 | -$15,390 | -$15,390 |
| 3476 ISHARES MSCI JAPAN ETF | P | 2000-01-01 | 2023-07-17 | $217,022 | $186,661 | $30,361 | $30,361 |
| 314 JPMORGAN BETABUILDERS EUROPE ETF | P | 2021-04-23 | 2023-06-26 | $16,610 | $18,100 | -$1,490 | -$1,490 |
| 794 JPMORGAN BETABUILDERS DEVELO | P | 2000-01-01 | 2023-04-12 | $39,821 | $45,487 | -$5,666 | -$5,666 |
| 6247.741 SIX CIRCLES CREDIT OPPORT | P | 2000-01-01 | 2023-02-22 | $54,918 | $63,969 | -$9,051 | -$9,051 |
| 184 SPDR S&P 500 ETF TRUST | P | 2000-01-01 | 2023-06-26 | $79,383 | $39,572 | $39,811 | $39,811 |
| 92 SPDR S&P 500 ETF TRUST | P | 2016-10-24 | 2023-07-17 | $41,476 | $19,771 | $21,705 | $21,705 |
| 3688.479 VANGUARD TTL BD MKT IDX-ADM | P | 2000-01-01 | 2023-12-05 | $35,004 | $38,576 | -$3,572 | -$3,572 |
| 2529.886 VANGUARD TTL INTL BND-ADM | P | 2019-09-24 | 2023-02-22 | $48,473 | $59,579 | -$11,106 | -$11,106 |
| 99970.009 JPM PRIME MM FUND | P | 2023-04-21 | 2023-07-10 | $100,000 | $100,010 | -$10 | -$10 |
| 184926.030 JPM PRIME MM FUND | P | 2023-05-01 | 2023-08-08 | $185,000 | $185,000 | ||
| 3202.208 JPM PRIME MM FUND | P | 2023-09-01 | 2023-09-05 | $3,204 | $3,204 | ||
| 44072.565 JPM PRIME MM FUND | P | 2023-06-01 | 2023-09-05 | $44,094 | $44,090 | $4 | $4 |
| 582774.68 JPM PRIME MM FUND | P | 2023-01-01 | 2023-10-06 | $583,008 | $582,962 | $46 | $46 |
| 584766.094 JPM PRIME MM FUND | P | 2023-10-18 | 2023-10-23 | $585,000 | $585,000 | ||
| 5973.101 JPM PRIME MM FUND | P | 2023-10-18 | 2023-10-26 | $5,975 | $5,975 | ||
| 234859.085 JPM PRIME MM FUND | P | 2023-01-01 | 2023-11-27 | $235,000 | $234,953 | $47 | $47 |
| 675000 UNITED STATES TREAS NTS FIXED .125% DUE | P | 2022-01-12 | 2023-05-15 | $675,000 | $675,000 | ||
| 675000 US TREASURY N/B .125% DUE 5-31-2023 | P | 2022-01-12 | 2023-05-31 | $675,000 | $675,000 | ||
| 325000 TORONTO DOMINION BK SR MEDIUM TERM BK NT | P | 2022-01-12 | 2023-06-02 | $325,000 | $325,000 | ||
| 325000 NVIDIA CORP .309% DUE 06-15-2023 BEO | P | 2022-01-12 | 2023-06-15 | $325,000 | $325,000 | ||
| 675000 UNITED STATES TREAS NTS .25% DUE 06-15 | P | 2022-01-12 | 2023-06-15 | $675,000 | $675,000 | ||
| 675000 UNITED STS TREAS NTS T NTS .125% | P | 2022-01-12 | 2023-06-30 | $675,000 | $675,000 | ||
| 325000 CATERPILLAR FINL SVCS CORP MEDIUM TERM | P | 2022-01-12 | 2023-07-07 | $325,000 | $324,253 | $747 | $747 |
| 675000 UNITED STATES TREAS NTS .125% DUE 07-15 | P | 2022-01-12 | 2023-07-17 | $675,000 | $675,000 | ||
| 650000 UNITED STATES OF AMER TREAS NOTES | P | 2022-01-12 | 2023-07-31 | $650,000 | $650,000 | ||
| 3000 MFC FLEXSHARES TR MORNINGSTAR GLOBAL | P | 2000-01-01 | 2023-11-07 | $116,309 | $60,338 | $55,971 | $55,971 |
| 3000 MFC FLEXSHARES TR MORNINGSTAR GLOBAL | P | 2000-01-01 | 2023-11-21 | $120,892 | $93,879 | $27,013 | $27,013 |
| 685897.812 JPM PRIME MM FUND | P | 2023-01-01 | 2023-12-11 | $686,378 | $686,174 | $204 | $204 |
| 99910.081 JPM PRIME MM FUND | P | 2023-12-20 | 2023-12-20 | $100,000 | $99,950 | $50 | $50 |
| 424702.708 JPM PRIME MM FUND | P | 2023-01-23 | 2023-02-16 | $425,000 | $425,042 | -$42 | -$42 |
| 791619.760 JPM PRIME MM FUND | P | 2023-01-23 | 2023-03-14 | $791,620 | $791,620 | ||
| 8560.610 JPM PRIME MM FUND | P | 2023-01-23 | 2023-03-27 | $8,559 | $8,561 | -$2 | -$2 |
| 242340.970 JPM PRIME MM FUND | P | 2023-01-23 | 2023-04-10 | $242,462 | $242,535 | -$73 | -$73 |
| 274862.569 JPM PRIME MM FUND | P | 2023-01-01 | 2023-05-11 | $275,000 | $274,988 | $12 | $12 |
| Capital Gain Dividends | $2,547 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $224,352 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $2,902 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $14,706 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $14,706 | SubtotalAmt |
| Tax Based On Investment Income | $14,706 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,720 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $15,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $22,720 | TotalPaymentsAndCreditsAmt |
| Overpayment | $8,014 | OverpaymentAmt |
| Applied To ES Tax | $8,014 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIMOTHY J KOLSCHOWSKY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6309692000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5235 WALNUT AVENUE STE 1 | AddressLine1Txt |
| City | DOWNERS GROVE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 605154064 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| KAREN A KOLSCHOWSKY | ||||||
| 8600 MIDNIGHT PASS ROAD 501 | SARASOTA | FL | 342423817 | Director | 2.00 | $0 |
| GERALD A KOLSCHOWSKY | ||||||
| 8600 MIDNIGHT PASS ROAD 501 | SARASOTA | FL | 342423817 | Director | 2.00 | $0 |
| TIMOTHY J KOLSCHOWSKY | ||||||
| 785 APACHE | LAKE ZURICH | IL | 600472702 | President | 20.00 | $0 |
| MICHAEL J KOLSCHOWSKY | ||||||
| 5329 MAIN STREET 408 | DOWNERS GROVE | IL | 60515 | VP-SEC-TREAS | 0.50 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DLA PIPER LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 780528 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191780528 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL SERVICES | ServiceTypeTxt |
| Compensation | $93,047 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $34,900,863 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,684,880 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,763,046 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $41,348,789 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $41,348,789 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $620,232 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,728,557 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,036,428 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,036,428 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $14,706 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $14,706 | TotalTaxAmt |
| Distributable Before Adj | $2,021,722 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,021,722 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,021,722 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,785,399 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $10,785,399 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,021,722 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $2,862,724 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,735,873 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,522,622 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,346,577 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $8,838,352 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $21,306,148 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $10,785,399 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,021,722 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $8,763,677 | RemainingDistriFromCorpusAmt |
| Total Corpus | $30,069,825 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $2,862,724 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $27,207,101 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,735,873 | ExcessFromYear4Amt |
| Excess From Year3 | $3,522,622 | ExcessFromYear3Amt |
| Excess From Year2 | $3,346,577 | ExcessFromYear2Amt |
| Excess From Year1 | $8,838,352 | ExcessFromYear1Amt |
| Excess From Current Year | $8,763,677 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | GERALD A KOLSCHOWSKY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED SCHEDULE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | VARIOUS | AddressLine1Txt |
| City | VARIOUS | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60515 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | UNSPECIFIED CHARITABLE CONTRIBUTIONS | GrantOrContributionPurposeTxt |
| Amt | $10,359,400 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,359,400 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $418,136 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $462,487 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $224,352 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,104,975 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,104,975 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | GERALD A KOLSCHOWSKY | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8600 MIDNIGHT PASS ROAD 501 | AddressLine1Txt |
| City | SARASOTA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 342423817 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $5,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SMITH & CULL, LTD | CategoryTxt |
| Amt | $7,325 | Amt |
| Net Investment Income | $733 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,592 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JP MORGAN CHASE INVESTMENT ACCOUNT #7005 | $3,428,925 | $5,392,115 |
| NORTHERN TRUST INVESTMENT ACCOUNT #6191 | $6,433,142 | $9,020,965 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| JP MORGAN CHASE #7005 - FIXED INCOME | AT COST | $3,410,420 | $3,165,320 |
| NORTHERN TRUST #6191 - FIXED INCOME | AT COST | $483,525 | $435,757 |
| NORTHERN TRUST #6191 - OTHER | AT COST | $15,158 | |
| NORTHERN TRUST #6191 - REAL ESTATE | AT COST | $333,964 | $357,298 |
| CORE SENIOR LENDING OFFSHORE FUND | AT COST | $169,418 | $167,951 |
| CLARION PRIVATE INVESTORS, LLC | AT COST | $215,933 | $284,659 |
| HPS MEZZANINE PRIVATE INVESTORS | AT COST | $295,233 | $433,924 |
| CORE SENIOR LENDING OFFSHORE FUND II | AT COST | $346,837 | $345,530 |
| ARES PCS II PRIVATE INVESTORS | AT COST | $163,365 | $170,509 |
| VISION OPPORTUNITY TE & NON-US FUND | AT COST | $250,000 | $236,373 |
| NORTHERN TRUST #3531- FIXED INCOME | AT COST | $14,797,952 | $14,340,186 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DLA PIPER, LLP | CategoryTxt |
| Legal Fees | $93,047 | LegalFeesAmt |
| Net Investment Income | $9,305 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $83,742 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | $142,366 | $14,237 | $128,129 |
| DUES & SUBSCRIPTIONS | $1,670 | $167 | $1,503 |
| FILING FEES | $26 | $3 | $23 |
| MISCELLANEOUS | $1,868 | $187 | $1,681 |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROJECT EXPLORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $150,000 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $206,129 | Amt |
| Net Investment Income | $20,613 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $185,516 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | CategoryTxt |
| Amt | $3,170 | Amt |
| Disbursements Charitable Prps | $3,170 | DisbursementsCharitablePrpsAmt |