ANCONA FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ANCONA FAMILY FOUNDATION (EIN 46-1606217)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202403189349103440
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)
Return2024-11-13T17:28:15-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN943313644PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Chu and Waters LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1595 Market Street Suite 2350AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461606217EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Ancona Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlANCOBusinessNameControlTxt
Phone8475646287PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1199 North Green Bay RoadAddressLine1Txt
CityLake ForestCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEdgar AnconaPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-11-13SignatureDt
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 PersonAnthony T LiangPreparerPersonNm
PTINP00845266PTIN
Phone4157819900PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$734,793FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$110,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$17,524DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,524DividendsNetInvstIncmAmt
Dividends Adj Net Incm$17,524DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$989NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$989GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$989CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$989NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$128,515TotalRevAndExpnssAmt
Total Net Invst Incm$18,515TotalNetInvstIncmAmt
Total Adj Net Incm$18,515TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,156OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,156OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$202TaxesRevAndExpnssAmt
Taxes Net Invst Incm$202TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,358TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,358TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$39,065ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$39,065ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$42,423TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,358TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$39,065TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$86,092ExcessRevenueOverExpensesAmt
Net Investment Income$15,157NetInvestmentIncomeAmt
Adjusted Net Income$18,515AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$105,382CashBOYAmt
Cash EOY$190,474CashEOYAmt
Cash EOYFMV$190,474CashEOYFMVAmt
Corporate Stock BOY$272,517CorporateStockBOYAmt
Corporate Stock EOY$273,437CorporateStockEOYAmt
Corporate Stock EOYFMV$385,896CorporateStockEOYFMVAmt
Corporate Bonds BOY$95,486CorporateBondsBOYAmt
Corporate Bonds EOY$95,423CorporateBondsEOYAmt
Corporate Bonds EOYFMV$90,453CorporateBondsEOYFMVAmt
Other Investments BOY$61,089OtherInvestmentsBOYAmt
Other Investments EOY$61,159OtherInvestmentsEOYAmt
Other Investments EOYFMV$67,970OtherInvestmentsEOYFMVAmt
Total Assets BOY$534,474TotalAssetsBOYAmt
Total Assets EOY$620,493TotalAssetsEOYAmt
Total Assets EOYFMV$734,793TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$534,474NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$620,493NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$534,474TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$620,493TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$534,474TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$620,493TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$534,474TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$86,092ExcessRevenueOverExpensesAmt
Subtotal$620,566SubtotalAmt
Other Decreases$73OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$620,493TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCapital Gain DistributionsPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-01-01AcquiredDt
Sold2023-12-31SoldDt
Gross Sales Price$989GrossSalesPriceAmt
Gain Or Loss$989GainOrLossAmt
Gains Minus Excess Or Losses$989GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$989CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$989NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$211InvestmentIncomeExciseTaxAmt
Subtotal$211SubtotalAmt
Tax Based On Investment Income$211TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,554EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,554TotalPaymentsAndCreditsAmt
Overpayment$4,343OverpaymentAmt
Applied To ES Tax$4,343AppliedToESTaxAmt

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
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 Line1Edgar AnconaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8472958154PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1199 North Green Bay RoadAddressLine1Txt
CityLake ForrestCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Edgar Ancona
199 N Green Bay RoadLake ForrestIL60045Director1.00$0
Nora Ancona
199 N Green Bay RoadLake ForrestIL60045Director1.00$0
John Ancona
11 Frontier RdCos CobCT06807Director1.00$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$485,264AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$124,644AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$609,908TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$609,908AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,149CashDeemedCharitableAmt
Net Vl Noncharitable Assets$600,759NetVlNoncharitableAssetsAmt
Minimum Investment Return$30,038MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$30,038MinimumInvestmentReturnAmt
Tax Based On Investment Income$211TaxBasedOnInvestmentIncomeAmt
Total Tax$211TotalTaxAmt
Distributable Before Adj$29,827DistributableBeforeAdjAmt
Distributable Before Ded$29,827DistributableBeforeDedAmt
Distributable As Adjusted$29,827DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$39,065ExpensesAndContributionsAmt
Qualifying Distributions$39,065QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,827DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$524,733ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$30,196ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$21,261ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$22,148ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$9,435ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$607,773TotalExcessDistributionCyovAmt
Qualifying Distributions$39,065QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$29,827AppliedToCurrentYearAmt
Remaining Distri From Corpus$9,238RemainingDistriFromCorpusAmt
Total Corpus$617,011TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$524,733ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$92,278ExcessDistriCyovToNextYrAmt
Excess From Year4$30,196ExcessFromYear4Amt
Excess From Year3$21,261ExcessFromYear3Amt
Excess From Year2$22,148ExcessFromYear2Amt
Excess From Year1$9,435ExcessFromYear1Amt
Excess From Current Year$9,238ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEdgar AnconaContributingManagerNm
Contributing ManagerJohn AnconaContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Amherst Fund
PO Box 5000AmherstMA01002NONEPCGrant to Public Charity$3,500
Junior League of Chicago
1447 N Astor StreetChicagoIL60610NONEPCGrant to Public Charity$715
Nantucket Atheneum
1 India StreetNantucketMA02554NONEPCGrant to Public Charity$1,000
Nantucket Historical Association
13 Broad StreetNantucketMA02554NONEPCGrant to Public Charity$1,250
Nantucket Preservation Trust
55 Main StreetNantucketMA02554NONEPCGrant to Public Charity$1,500
Univ of Chicago Booth School of Bus
5807 South Woodlawn AvenueChicagoIL60637NONEPCGrant to Public University$5,000
Northern Illinois Food Bank
273 Dearborn CourtGenevaIL60134NONEPCGrant to Public Charity$1,000
Lake Forest Open Lands Assoc
350 North Waukegan RoadLake ForestIL60045NONEPCGrant to Public Charity$100
Rensselaer Polytechnic Institute
110 8th StreetTroyNY12180NONEPCGrant to Public Charity$10,000
American Friends of LSE
424 West 33rd Street Suite 280New YorkNY10001NONEPCGrant to Public Charity$4,000
Greenwich Academy
200 N Maple AvenueGreenwichCT06830NONEPCGrant to Educational Institution$250
Nantucket Cottage Hospital
57 Prospect StreetNantucketMA02554NONEPCGeneral Operating Purposes.$5,000
Society for the Relief of Women and
230 W 41st StNew YorkNY10036NONEPCGrant to Public Charity$100
Egan Maritime
PO Box 2923NantucketMA02584NONEPCGrant to Public Charity$100
Be the Match
PO Box 1450MinneapollsMN55485NONEPCGrant to Public Charity$100
York College Foundation
94 - 20 Guy R Brewer BlvdJamaicaNY11451NONEPCGrant to Public University$5,000
Alzheimer's Association
225 N Michigan Ave FL 17ChicagoIL60601NONEPCGeneral Operating Purposes.$100
Simsbury Lions Charities Inc
PO Box 11SimsburyCT06070NONEPCGrant to Public Charity$100
Maria Mitchell Association
4 Vestal StreetNantucketMA02554NONEPCGrant to Public Charity$250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$39,065TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,524ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$989ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$18,515ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,515TotalIncomeProducingActyAmt

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

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescInvestment Basis AdjustmentDesc
Amt$73Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryAdvisor FeesCategoryTxt
Amt$3,156Amt
Net Investment Income$3,156NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign Tax PaidCategoryTxt
Amt$202Amt
Net Investment Income$202NetInvestmentIncomeAmt

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