GRAUNKE FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GRAUNKE FAMILY FOUNDATION (EIN 36-7295072)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-08
IRS object ID
202423139349101322
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)
Return2024-11-08T12:29:59-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Andersen Tax LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line171 South Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN367295072EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Graunke Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% TERENCE GRAUNKEInCareOfNm
Business Name ControlGRAUBusinessNameControlTxt
Phone3126407050PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 W Lake Street Suite 1100AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTerence GraunkePersonNm
Person TitleDirectorPersonTitleTxt
Phone3126407050PhoneNum
Signature2024-11-05SignatureDt
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 PersonJared MurphyPreparerPersonNm
PTINP02477576PTIN
Phone3123573950PhoneNum
Preparation2024-11-05PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$221,576FMVAssetsEOYAmt
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
Dividends Rev And Expnss$6,026DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,026DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$44,421NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$187,872GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$44,421CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$50,447TotalRevAndExpnssAmt
Total Net Invst Incm$50,447TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$79TaxesRevAndExpnssAmt
Taxes Net Invst Incm$79TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,365OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,365OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,444TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,444TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$170,810ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$170,810ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$173,254TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,444TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$170,810TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$122,807ExcessRevenueOverExpensesAmt
Net Investment Income$48,003NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,901CashBOYAmt
Cash EOY$6,568CashEOYAmt
Cash EOYFMV$6,568CashEOYFMVAmt
Acct Rcvbl$16,690AcctRcvblAmt
Acct Rcvbl BOY$0AcctRcvblBOYAmt
Acct Rcvbl EOY$16,690AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$16,690AcctRcvblEOYFMVAmt
Corporate Stock BOY$157,808CorporateStockBOYAmt
Corporate Stock EOY$72,133CorporateStockEOYAmt
Corporate Stock EOYFMV$139,773CorporateStockEOYFMVAmt
Corporate Bonds BOY$78,666CorporateBondsBOYAmt
Corporate Bonds EOY$39,429CorporateBondsEOYAmt
Corporate Bonds EOYFMV$35,640CorporateBondsEOYFMVAmt
Other Assets BOY$33,984OtherAssetsBOYAmt
Other Assets EOY$17,320OtherAssetsEOYAmt
Other Assets EOYFMV$22,905OtherAssetsEOYFMVAmt
Total Assets BOY$274,359TotalAssetsBOYAmt
Total Assets EOY$152,140TotalAssetsEOYAmt
Total Assets EOYFMV$221,576TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$116,551CapitalStockBOYAmt
Capital Stock EOY$63,317CapitalStockEOYAmt
Retained Earning BOY$157,808RetainedEarningBOYAmt
Retained Earning EOY$88,823RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$274,359TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$152,140TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$274,359TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$152,140TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$274,359TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$122,807ExcessRevenueOverExpensesAmt
Other Increases$588OtherIncreasesAmt
Subtotal$152,140SubtotalAmt
Tot Net Ast Or Fund Balances EOY$152,140TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
NT #2609 - SEE ATTACHED$303$316-$13-$13
NT #2609 - SEE ATTACHED$187,569$143,135$44,434$44,434
FieldValueIRS element (for citing)
Capital Gain Net Income$44,421CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$667InvestmentIncomeExciseTaxAmt
Subtotal$667SubtotalAmt
Tax Based On Investment Income$667TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$183EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$550ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$733TotalPaymentsAndCreditsAmt
Overpayment$66OverpaymentAmt
Applied To ES Tax$66AppliedToESTaxAmt

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1TERENCE GRAUNKEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3126407050PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1444 W LAKE STREET SUITE 1100AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
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 PrsnYes (true)TransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsYes (true)ActsFailToQlfyAsExceptionsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Terence M Graunke
444 W LAKE STREET SUITE 1100ChicagoIL60606Director0.0$0$0$0
Susan M Graunke
444 W LAKE STREET SUITE 1100ChicagoIL60606Director0.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$175,413AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,568AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$22,905FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$204,886TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$204,886AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,073CashDeemedCharitableAmt
Net Vl Noncharitable Assets$201,813NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,091MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,091MinimumInvestmentReturnAmt
Tax Based On Investment Income$667TaxBasedOnInvestmentIncomeAmt
Total Tax$667TotalTaxAmt
Distributable Before Adj$9,424DistributableBeforeAdjAmt
Distributable Before Ded$9,424DistributableBeforeDedAmt
Distributable As Adjusted$9,424DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$170,810ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$170,810QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,424DistributableAsAdjustedAmt
Undistributed Income PY$896UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$170,810QualifyingDistributionsAmt
Applied To Year1$896AppliedToYear1Amt
Applied To Current Year$9,424AppliedToCurrentYearAmt
Remaining Distri From Corpus$160,490RemainingDistriFromCorpusAmt
Total Corpus$160,490TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$160,490ExcessDistriCyovToNextYrAmt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$160,490ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerTERENCE GRAUNKEContributingManagerNm
Contributing ManagerSUSAN GRAUNKEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Naples Children & Education Foundation
2590 Goodlette-Frank Road NorthNaplesFL34103NONEPCTO SUPPORT OPERATIONAL AND PROGRAM EXPENSES$163,310
Max McGraw Wildlife Foundation
14N322 IL-25DundeeIL60118NONEPCTO SUPPORT OPERATIONAL AND PROGRAM EXPENSES$7,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$170,810TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,026ExclusionAmt
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$45,084ExclusionAmt
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$51,110ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$51,110TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm
EOY Book Value$39,429EOYBookValueAmt
EOYFMV$35,640EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$72,133EOYBookValueAmt
EOYFMV$139,773EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOTHER ASSETSDesc
BOY Book Value$33,984BOYBookValueAmt
EOY Book Value$17,320EOYBookValueAmt
EOYFMV$22,905EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
PRIOR PERIOD ADJUSTMENT$562
CASH ACCRUAL$26

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAX PAYMENT$0
FOREIGN TAXES$79$79

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