BETA

SHAYNE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SHAYNE FOUNDATION (EIN 62-1540372)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-12
IRS object ID
202501329349103820
Schema version
2024v5.1
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)
Return2025-05-12T16:43:42-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Turner & Adams LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1142 S Woodburn DriveAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN621540372EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Shayne FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% DAVID SHAYNEInCareOfNm
Business Name ControlSHAYBusinessNameControlTxt
Phone3236634118PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12302 Kenilworth AvenueAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90039ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid ShaynePersonNm
Person TitleTreasurer/TrusteePersonTitleTxt
Phone3236634118PhoneNum
Signature2025-05-10SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEdward A Adams CPAPreparerPersonNm
PTINP01409759PTIN
Phone3104403837PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$18,314,247FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$158,369InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$158,369InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$180,666DividendsRevAndExpnssAmt
Dividends Net Invst Incm$180,666DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$12,008NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$618,065GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$12,008CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$351,043TotalRevAndExpnssAmt
Total Net Invst Incm$351,043TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$5,700AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,700AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$13,642TaxesRevAndExpnssAmt
Taxes Net Invst Incm$13,642TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$149OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$149OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$19,491TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$19,491TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$760,200ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$760,200ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$779,691TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$19,491TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$760,200TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$428,648ExcessRevenueOverExpensesAmt
Net Investment Income$331,552NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$36,397SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$128,142SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$128,142SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$3,256,438USGovernmentObligationsBOYAmt
US Government Obligations EOY$2,736,045USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$2,714,761USGovtObligationsEOYFMVAmt
Corporate Stock BOY$5,530,046CorporateStockBOYAmt
Corporate Stock EOY$5,530,046CorporateStockEOYAmt
Corporate Stock EOYFMV$15,471,344CorporateStockEOYFMVAmt
Total Assets BOY$8,822,881TotalAssetsBOYAmt
Total Assets EOY$8,394,233TotalAssetsEOYAmt
Total Assets EOYFMV$18,314,247TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$8,822,880CapitalStockBOYAmt
Capital Stock EOY$8,394,232CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$8,822,880TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,394,232TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,822,880TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,394,232TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,822,880TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$428,648ExcessRevenueOverExpensesAmt
Subtotal$8,394,232SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,394,232TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyU S TREASURY NOTEPropertyDesc
Acquired2022-10-19AcquiredDt
Sold2024-06-13SoldDt
Gross Sales Price$618,065GrossSalesPriceAmt
Cost Or Other Basis$606,057CostOrOtherBasisAmt
Gain Or Loss$12,008GainOrLossAmt
Gains Minus Excess Or Losses$12,008GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$12,008CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,609InvestmentIncomeExciseTaxAmt
Subtotal$4,609SubtotalAmt
Tax Based On Investment Income$4,609TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,127EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$5,127TotalPaymentsAndCreditsAmt
Overpayment$518OverpaymentAmt
Applied To ES Tax$518AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
Org Report Or Register StateTNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DAVID SHAYNEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3236634118PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12302 KENILWORTH AVENUEAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90039ZIPCd
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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOAN SHAYNE
909 Bowling ParkNashvilleTN37215TRUSTEE1.0$0$0$0
DAVID SHAYNE
2302 KENILWORTH AVENUELOS ANGELESCA90039TRUSTEE1.0$0$0$0
ELIZABETH SHAYNE
160 Locust TerraceBURLINGTONVT05401TRUSTEE1.0$0$0$0
JONATHAN SHAYNE
2302 Golf Club LaneNashvilleTN37215TRUSTEE1.0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$17,630,099AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$63,050AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,693,149TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$17,693,149AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$265,397CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,427,752NetVlNoncharitableAssetsAmt
Minimum Investment Return$871,388MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$871,388MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,609TaxBasedOnInvestmentIncomeAmt
Total Tax$4,609TotalTaxAmt
Distributable Before Adj$866,779DistributableBeforeAdjAmt
Distributable Before Ded$866,779DistributableBeforeDedAmt
Distributable As Adjusted$866,779DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$760,200ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$760,200QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$866,779DistributableAsAdjustedAmt
Undistributed Income PY$353,474UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$760,200QualifyingDistributionsAmt
Applied To Year1$353,474AppliedToYear1Amt
Applied To Current Year$406,726AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$460,053UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Schoolhouse
8 Catkin DriveS BurlingtonVT05403NonePCEducational-scholarships & grants$92,200
VANGUARD CHARITABLE ENDOWMENT PROGRAM
P O BOX 55766BOSTONMA02205NonePCA DONOR-ADVISED FUND TO GRANT ASSETS TO CHARITIES$516,000
VERMONT STAGE
241 N Winooski AvenueBURLINGTONVT05401NONEPCSUPPORT PERFORMING ARTS IN BURLINGTON, VY$20,000
THE GAY AND LESBIAN FUND OF VERMONT
PO BOX 42RANDOLPHVT05060NONEPCPROMOTE THE SUBSTANTIVE, VALUABLE CONTRIBUTIONS LGBTQA DONORS MAKE TO THE BROADER COMMUNITY$132,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$760,200TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$158,369ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$180,666ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$12,008ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$351,043ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$351,043TotalIncomeProducingActyAmt

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)
CategoryTURNER & ADAMS LLP-TAX PREP.CategoryTxt
Amt$5,700Amt
Net Investment Income$5,700NetInvestmentIncomeAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS CO$73,956$2,136,888
BERKSHIRE HATHAWAY INC$2,129,131$8,655,835
SYSCO CORP$465,359$1,558,331
ISHARES FUNDS$973,358$981,802
LAZARD FUNDS$1,687,525$1,762,021
BNY MELLON$200,717$376,467

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$2,736,045USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$2,714,761USGovtObligationsEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescWIRE FEESDesc
Revenue And Expenses Per Books$149RevenueAndExpensesPerBooksAmt
Net Investment Income$149NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
CA ATTORNEY GENERAL$100$100
FOREIGN TAX WITHHOLDINGS$13,542$13,542
FEDERAL INCOME TAX

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