LIFT A LIFE FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LIFT A LIFE FOUNDATION INC (EIN 61-1359337)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-15
- IRS object ID
- 202501359349103000
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T10:52:00-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 341965417 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORNERSTONE FAMILY OFFICE LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5900 LANDERBROOK DR STE 200 | AddressLine1Txt |
| City | MAYFIELD HEIGHTS | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611359337 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIFT A LIFE FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O CORNERSTONE FAMILY OFFICE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIFT | BusinessNameControlTxt |
| Phone | 5022903218 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5900 LANDERBROOK DR 200 | AddressLine1Txt |
| City | MAYFIELD HEIGHTS | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44124 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ASHLEY N BUTLER | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 5022903218 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CORNERSTONE FAMILY OFFICE LLC | PreparerPersonNm |
| PTIN | P00152568 | PTIN |
| Phone | 4404600460 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $94,442,531 | 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 | $10,313,665 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $681,272 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $681,272 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $889,787 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $889,787 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,540,716 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $3,540,716 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $15,425,440 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,111,775 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $241,835 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $27,442 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $89,265 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $44,349 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $22,175 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $615,349 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $497,185 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $133,902 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $46,880 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,199,022 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $519,360 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,181,457 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,181,457 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $11,380,479 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $519,360 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,181,457 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,044,961 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,592,415 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $9,724,557 | CashBOYAmt |
| Cash EOY | $3,311,557 | CashEOYAmt |
| Cash EOYFMV | $3,311,557 | CashEOYFMVAmt |
| Acct Rcvbl | $2,644 | AcctRcvblAmt |
| Acct Rcvbl BOY | $2,644 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $2,644 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $2,644 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $57,958,208 | CorporateStockBOYAmt |
| Corporate Stock EOY | $58,475,894 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $88,620,553 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $2,500,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,500,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,500,000 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $7,777 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $7,777 | LandBOYAmt |
| Land EOY | $7,777 | LandEOYAmt |
| Land EOYFMV | $7,777 | LandEOYFMVAmt |
| Total Assets BOY | $70,193,186 | TotalAssetsBOYAmt |
| Total Assets EOY | $64,297,872 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $94,442,531 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $70,193,186 | RetainedEarningBOYAmt |
| Retained Earning EOY | $64,297,872 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $70,193,186 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $64,297,872 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $70,193,186 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $64,297,872 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $70,193,186 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,044,961 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $74,238,147 | SubtotalAmt |
| Other Decreases | $9,940,275 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $64,297,872 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| SHORT TERM | P | 2024-12-31 | $396,090 | $396,090 |
| LONG TERM | P | 2024-12-31 | $3,142,869 | $3,142,869 |
| CLASS ACTION PROCEEDS | P | 2024-12-31 | $1,757 | $1,757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,540,716 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $63,835 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $63,835 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $63,835 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $53,039 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $30,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $83,039 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $19,204 | OverpaymentAmt |
| Applied To ES Tax | $19,204 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | KY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.LIFTALIFEFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | ASHLEY NOVAK BUTLER | IndividualWithBooksNm |
| Phone | 5022903218 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4910 BROWNSBORO RD SUITE 220 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID C NOVAK | ||||||||
| 11658 TURTLE BEACH RD | NORTH PALM BEACH | FL | 33408 | DIRECTOR & PRESIDENT | 0.00 | $0 | $0 | $0 |
| ASHLEY NOVAK BUTLER | ||||||||
| 40 RIVER HILL DR | LOUISVILLE | KY | 40207 | DIRECTOR | 40.00 | $241,835 | $0 | $0 |
| JONATHAN A BUTLER | ||||||||
| 40 RIVER HILL DR | LOUISVILLE | KY | 40207 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $78,066,606 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $7,246,515 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,510,421 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $87,823,542 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $87,823,542 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,317,353 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $86,506,189 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,325,309 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,325,309 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $63,835 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $63,835 | TotalTaxAmt |
| Distributable Before Adj | $4,261,474 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,261,474 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,261,474 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,181,457 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $10,181,457 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,261,474 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $8,711,368 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $5,133,963 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,340,147 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $7,434,861 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,616,507 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $25,236,846 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $10,181,457 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,261,474 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,919,983 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $31,156,829 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $8,711,368 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $22,445,461 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $5,133,963 | ExcessFromYear4Amt |
| Excess From Year3 | $1,340,147 | ExcessFromYear3Amt |
| Excess From Year2 | $7,434,861 | ExcessFromYear2Amt |
| Excess From Year1 | $2,616,507 | ExcessFromYear1Amt |
| Excess From Current Year | $5,919,983 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DAVID C NOVAK | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (52 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A CURE FOR ROBERT INC | ||||||
| 508 TIFFANY LANE | LOUISVILLE | KY | 40207 | PUBLIC | GENERAL | $50,000 |
| ADVANCE LOUISVILLE | ||||||
| 3548 TAYLOR BLVD | LOUISVILLE | KY | 40215 | PUBLIC | CAREER DEVELOPMENT ASSISTANCE | $35,000 |
| AMERICAN JUNIOR GOLF ASSN | ||||||
| 1980 SPORTS CLUB DRIVE | BRASELTON | GA | 30517 | PUBLIC | SPORTS - GOLF/LEADERSHIP CAROLINA CUP | $10,000 |
| BACKSIDE LEARNING CENTER | ||||||
| 3131 S 2ND STREE 389 | LOUISVILLE | KY | 40208 | PUBLIC | EARLY CHILDHOOD EDUCATION | $45,000 |
| BRINGING JUSTICE HOME INC | ||||||
| 2121 GRINSTEAD DR | LOUISVILLE | KY | 40204 | PUBLIC | HUNGER | $15,000 |
| CAMP HENDON | ||||||
| 1640 LYNDON FARM COURT SUITE 108 | LOUISVILLE | KY | 40223 | PUBLIC | JUVENILE DIABETES (JD) | $100,000 |
| CHARITY WATER | ||||||
| PO BOX 5026 | HAGERTOWN | MD | 21741 | PUBLIC | CLEAN WATER | $25,000 |
| COMMUNITY COORDINATED CHILD CARE AKA 4-C | ||||||
| 1215 S 3R ST | LOUISVILLE | KY | 40203 | PUBLIC | EARLY CHILDHOOD EDUCATION | $470,000 |
| COMMUNITY FOUNDATION OF LOUISVILLE | ||||||
| 325 W MAIN ST 1110 | LOUISVILLE | KY | 40202 | PUBLIC | EARLY CHILDHOOD EDUCATION | $450 |
| COMMUNITY FOUNDATION OF MIDDLE TENNESSEE - CHIEF CARES | ||||||
| 3421 BELMONT BLVD | NASHVILLE | TN | 37215 | PUBLIC | TN FLOODING | $25,000 |
| CRITCALLY LOVED | ||||||
| PO BOX 43047 | LOUISVILLE | KY | 40253 | PUBLIC | JUVENILE DIABETES | $11,000 |
| DAVID NOVAK LEADERSHIP INC | ||||||
| 5900 LANDERBROOK DR 200 | MAYFIELD HEIGHTS | OH | 44124 | LEADERSHIP | $2,100,000 | |
| DELTA FOUNDATION | ||||||
| 3019 RADIANCE RD | LOUISVILLE | KY | 40220 | PUBLIC | GENERAL | $75,000 |
| FUND FOR THE ARTS | ||||||
| 623 W MAIN ST 200 | LOUISVILLE | KY | 40202 | PUBLIC | JUVENILE DIABETES | $50,000 |
| GIRL SCOUTS OF KENTUCKIANA INC | ||||||
| 2115 LEXINGTON RD | LOUISVILLE | KY | 40206 | PUBLIC | LEADERSHIP | $50,000 |
| GLOBAL GAME CHANGERS | ||||||
| 201 E MAIN ST | LOUISVILLE | KY | 40202 | PUBLIC | LEADERSHIP | $425,000 |
| HOME OF THE INNOCENTS | ||||||
| 1100 E MARKET ST | LOUISVILLE | KY | 40206 | PUBLIC | RESPONSIVE | $250,000 |
| HORATIO ALGER ASSOCIATION | ||||||
| 99 CANAL CENTER PLAZA | ALEXANDRIA | VA | 22314 | PUBLIC | GENERAL | $150,000 |
| IRON BELL MINISTRIES | ||||||
| 16026 AIKEN RD | LOUISVILLE | KY | 40245 | PUBLIC | RELIGIOUS | $50,000 |
| JUSTIN THOMAS FOUNDATION INC | ||||||
| 1101 CONNECTICUT AVE NW STE 410 | WASHINGTON | DC | 20036 | CHILDREN | $10,000 | |
| KENTUCKY CHAMBER FOUNDATION | ||||||
| 464 CHENAULT RD | FRANKFORT | KY | 40601 | PUBLIC | EARLY CHILDHOOD EDUCATION | $122,400 |
| KENTUCKY HARVEST | ||||||
| 7705 NATIONAL TPKE | LOUISVILLE | KY | 40214 | PUBLIC | HUNGER | $30,000 |
| KENTUCKY YOUTH ADVOCATES | ||||||
| 10200 LINN STATION RD STE 310 | LOUISVILLE | KY | 40223 | PUBLIC | EARLY CHILDHOOD EDUCATION | $50,000 |
| LEADERSHIP LOUISVILLE FOUNDATION INC | ||||||
| 707 W MAIN ST | LOUISVILLE | KY | 40202 | PUBLIC | LEADERSHIP | $20,000 |
| LESS IS MORE INC | ||||||
| 334 S PETERSON AVE | LOUISVILLE | KY | 40206 | PUBLIC | IN MEMORY | $10,000 |
| LOVE THY NEIGHBOR | ||||||
| 6864 NW 25TH WAY | FORT LAUDERDALE | FL | 33309 | PUBLIC | RELIGIOUS | $15,000 |
| MARYHURST | ||||||
| 1015 DORSEY LANE | LOUISVILLE | KY | 40223 | PUBLIC | GENERAL | $100,000 |
| MASTERS TOURNAMENT FOUNDATION INC | ||||||
| PO BOX 2444 | AUGUSTA | GA | 30903 | PUBLIC | RESPONSIVE - EMPLOYEE RELIEF FUND | $10,000 |
| METRO UNITED WAY | ||||||
| PO BOX 4488 | LOUISVILLE | KY | 40204 | PUBLIC | EARLY CHILDHOOD EDUCATION | $812,500 |
| MIDDLETOWN CHRISTIAN CHURCH | ||||||
| 500 N WATERSON TRL | LOUISVILLE | KY | 40243 | PUBLIC | RELIGIOUS | $10,000 |
| NANTZ FRIENDS | ||||||
| 2022 HOLCOMBE BLVD | HOUSTON | TX | 77030 | PUBLIC | GENERAL | $50,000 |
| NATIONAL CHRISTIAN FOUNDATION | ||||||
| 651 PERIMETER DRIVE 620 | LEXINGTON | KY | 40517 | PUBLIC | RELIGIOUS | $250,000 |
| NEIGHBORHOOD HOUSE | ||||||
| 201 N 25TH ST | LOUISVILLE | KY | 40212 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $50,000 |
| NORTON CHILDREN'S HOSPITAL | ||||||
| 231 E CHESTNUT ST | LOUISVILLE | KY | 40202 | PUBLIC | JUVENILE DIABETES (JD) | $2,180,410 |
| PITT ACADEMY | ||||||
| 7515 WESTPORT RD | LOUISVILLE | KY | 40222 | EDUCATION | $25,000 | |
| PRITCHARD COMMITTEE | ||||||
| 2285 EXECUTIVE DR SUITE 120 | LEXINGTON | KY | 40505 | PUBLIC | EARLY CHILDHOOD EDUCATION | $50,000 |
| R 15-20 MINISTRIES INC | ||||||
| 4407 THOMPSON FARM | BEDFORD | MA | 01730 | PUBLIC | RELIGIOUS - GENERAL | $50,000 |
| RAYMOND JAMES CHARITABLE ENDOWMENT FUND | ||||||
| PO BOX 23559 | ST PETERSBURG | FL | 33742 | GENERAL | $100,000 | |
| RECENTER MINISTRIES | ||||||
| 733 E JEFFERSON ST | LOUISVILLE | KY | 40202 | PUBLIC | HUNGER | $60,000 |
| RITA JUNE FOUNDATION INC | ||||||
| 545 S 3RD ST | LOUISVILLE | KY | 40202 | PUBLIC | EARLY CHILDHOOD EDUCATION | $1,500,000 |
| SKILZ 4 LIFE INC | ||||||
| 204 E JACOB ST | LOUISVILLE | KY | 40203 | PUBLIC | EARLY CHILDHOOD EDUCATION | $48,197 |
| SONIA NABETA FOUNDATION | ||||||
| PO BOX 2222 | NEW YORK | NY | 10008 | PUBLIC | JUVENILE DIABETES (JD) | $215,000 |
| ST JOSEPH CHILDRENS HOME | ||||||
| 2823 FRANKFORT AVE | LOUISVILLE | KY | 40206 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $50,000 |
| ST VINCENT DE PAUL LOUISVILLE | ||||||
| 1015-C S PRESTON ST | LOUISVILLE | KY | 40203 | PUBLIC | HUNGER | $50,000 |
| STAGE ONE FAMILY THEATRE | ||||||
| 323 W BROADWAY STE 600 | LOUISVILLE | KY | 40202 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $35,000 |
| THE PARKLANDS OF FLOYDS FORK | ||||||
| 471 W MAIN ST 202 | LOUISVILLE | KY | 40202 | PUBLIC | PARK PRESERVATION | $11,000 |
| VIRGINIA CHANCE SCHOOL | ||||||
| 4200 LIME KILN LN | LOUISVILLE | KY | 40222 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $15,500 |
| WATERSTEP | ||||||
| 625 MYRTLE ST | LOUISVILLE | KY | 40208 | PUBLIC | GENERAL | $50,000 |
| WAYFINDERS | ||||||
| 4402 COMANCHE TRL | LOUISVILLE | KY | 40207 | PUBLIC | CHILDREN AND YOUTH SERVICES | $10,000 |
| WEST END PREPARATORY SCHOOL | ||||||
| 3628 VIRGINIA AVE | LOUISVILLE | KY | 40211 | PUBLIC | EDUCATION | $50,000 |
| WEST PALM GOLF COMMUNITY TRUST | ||||||
| 525 OKEECHOBEE BLVD STE 1100 | WEST PALM BEACH | FL | 33401 | PUBLIC | GENERAL - SPORTS | $200,000 |
| YOSEMITE CONSERVANCY | ||||||
| 101 MONTGOMERY ST SUITE 2450 | SAN FRANCISCO | CA | 94104 | CONSERVANCY | $5,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,181,457 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $681,272 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $889,787 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,540,716 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,111,775 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,111,775 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | 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 | DAVID C NOVAK | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11658 TURTLE BEACH RD | AddressLine1Txt |
| City | NORTH PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $10,309,125 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 75000 SHARES OF NVIDIA | NoncashPropertyDesc |
| Fair Market Value | $10,309,125 | FairMarketValueAmt |
| Received | 2024-12-23 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $44,349 | Amt |
| Net Investment Income | $22,175 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | EQUITIES & FIXED INCOME | StockNm |
| EOY Book Value | $58,475,894 | EOYBookValueAmt |
| EOYFMV | $88,620,553 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PCIH SERIES 7 | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $2,500,000 | BookValueAmt |
| EOYFMV | $2,500,000 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $89,265 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK TAX DIFFERENCE | Desc |
| Amt | $9,940,275 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $318 | $0 | $0 |
| INSURANCE | $30,532 | $0 | $0 |
| MARKETING | $11,263 | $0 | $0 |
| MEMBERSHIP | $7,766 | $0 | $0 |
| OFFICE EXPENSE | $17,578 | $0 | $0 |
| PAYROLL EXPENSES | $2,355 | $0 | $0 |
| WEBSITE MAINTENANCE | $363 | $0 | $0 |
| INFLATION ADJUST TO BASIS | -$51,873 | $0 | $0 |
| SOFTWARE | $172 | $0 | $0 |
| RENT | $23,500 | $0 | $0 |
| MEALS | $4,871 | $0 | $0 |
| TRAVEL | $35 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MANAGEMENT FEES TO ADVISOR | $497,185 | $497,185 | $0 |
| OTHER PROFESSIONAL FEES | $118,164 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAXES PAID | $110,000 | $0 | $0 |
| ANNUAL FILING FEE | $0 | $0 | $0 |
| PAYROLL TAXES | $16,182 | $0 | $0 |
| OTHER TAX | $7,720 | $0 | $0 |
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