LAKONISHOK FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LAKONISHOK FOUNDATION (EIN 46-3460720)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-12
IRS object ID
202443179349100944
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)
Return2024-11-12T11:10:45-00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364412474PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OVERSTREET WILBERG & ASSOCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12918 CROSSING CT STE C-1AddressLine1Txt
CityCHAMPAIGNCityNm
State AbbreviationILStateAbbreviationCd
ZIP61822ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463460720EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKONISHOK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAKOBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLINGAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEF LAKONISHOKPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-11-01SignatureDt
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 PersonRICHARD WILBERGPreparerPersonNm
PTINP00032976PTIN
Phone2173569199PhoneNum
Preparation2024-05-14PreparationDt
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$7,144,277FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$526,650ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$478,261DividendsRevAndExpnssAmt
Dividends Net Invst Incm$478,261DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$626,420NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$764,219GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$626,420CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$20,651OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,651,982TotalRevAndExpnssAmt
Total Net Invst Incm$1,104,681TotalNetInvstIncmAmt
Taxes Rev And Expnss$10,903TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10,903TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$10OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$10OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,913TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,913TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,754,897ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,754,897ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,765,810TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,913TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,754,897TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$113,828ExcessRevenueOverExpensesAmt
Net Investment Income$1,093,768NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$107,148CashBOYAmt
Sav And Temp Cash Invst EOY$208,744SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$208,744SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$8,705,173CorporateStockBOYAmt
Corporate Stock EOY$7,703,342CorporateStockEOYAmt
Corporate Stock EOYFMV$6,935,533CorporateStockEOYFMVAmt
Total Assets BOY$8,812,321TotalAssetsBOYAmt
Total Assets EOY$7,912,086TotalAssetsEOYAmt
Total Assets EOYFMV$7,144,277TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$8,812,321RetainedEarningBOYAmt
Retained Earning EOY$7,912,086RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,812,321TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,912,086TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,812,321TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,912,086TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,812,321TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$113,828ExcessRevenueOverExpensesAmt
Subtotal$8,698,493SubtotalAmt
Other Decreases$786,407OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$7,912,086TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Blackstone INCD2012-08-312023-10-17$525,784$39,569$486,215$486,215
Prospect Cap CorpD2017-11-272023-01-03$104,698$98,230$6,468$6,468
FieldValueIRS element (for citing)
Capital Gain Net Income$626,420CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Ruling Letter2013-12-03RulingLetterDt
Investment Income Excise Tax$15,203InvestmentIncomeExciseTaxAmt
Subtotal$15,203SubtotalAmt
Tax Based On Investment Income$15,203TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$19,937EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$19,937TotalPaymentsAndCreditsAmt
Original Return Tax Paid$19,937OriginalReturnTaxPaidAmt
Overpayment$4,734OverpaymentAmt
Applied To ES Tax$4,734AppliedToESTaxAmt

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
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOSEF LAKONISHOKIndividualWithBooksNm
Phone3124602326PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLINGAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
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
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

FieldValueIRS element (for citing)
PersonJOSEF LAKONISHOKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLING STAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
FieldValueIRS element (for citing)
TitlePRESTitleTxt
Average Hrs Per Wk Devoted To Pos010.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$15,203TaxBasedOnInvestmentIncomeAmt
Total Tax$15,203TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,754,897ExpensesAndContributionsAmt
Qualifying Distributions$1,754,897QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,146,158ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,120,860ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$939,207ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,228,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,012,769ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$5,446,994TotalExcessDistributionCyovAmt
Qualifying Distributions$1,754,897QualifyingDistributionsAmt
Remaining Distri From Corpus$1,754,897RemainingDistriFromCorpusAmt
Total Corpus$7,201,891TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,146,158ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$6,055,733ExcessDistriCyovToNextYrAmt
Excess From Year4$1,120,860ExcessFromYear4Amt
Excess From Year3$939,207ExcessFromYear3Amt
Excess From Year2$1,228,000ExcessFromYear2Amt
Excess From Year1$1,012,769ExcessFromYear1Amt
Excess From Current Year$1,754,897ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEF LAKONISHOKContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
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
JOFFREY BALLET
50 E CONGRESS PKWYCHICAGOIL60605NONEPCARTS$524,705
LINCOLN PARK ZOO
2001 N CLARKCHICAGOIL60614NONEPCCOMMUNITY$1,000
OPERATION SMILE
3641 FACULTY BLVDVIRGINIA BEACHVA23453NONEPCMEDICAL$2,000
LYRIC OPERA OF CHICAGO
20 N UPPER WACKERCHICAGOIL60606NONEPCARTS$250,708
HOLOCAUST MUSEUM
100 RAUL WALLENBURG PLWASHINGTONDC20024NONEPCEDUCATION$1,000
NORTHWESTERN MEDICAL SCHOOL
303 E CHICAGOCHICAGOIL60611NONEPCEDUCATION$20,350
BRIGHT PROMISES
70 E LAKE STCHICAGOIL60601NONEPCEDUCATION$1,000
(no name)
HAND IN HAND USA
710 ST JOSEPHS DROAK BROOKIL60523NONEPCMEDICAL$20,000
ART INSTITUTE
111 S MICHIGAN AVECHICAGOIL60603NONEPCARTS$251,404
EVANS SCHOLARS FOUNDATION
2501 PATRIOT BLVDGLENVIEWIL60026NONEPCEDUCATION$5,000
FIDF
P O BOX 4224NEW YORKNY10163NONEPCCOMMUNITY$100,000
UNIV OF CHICAGO
5841 S MARYLAND AVECHICAGOIL60637NONEPCMEDICAL$1,000
UNIVERSITY OF ILLINOIS
1305 W GREEN STURBANAIL61801NONEPCEDUCATION$100,000
CHICAGO SYMPHONY ORCHESTRA
220 S MICHIGAN AVECHICAGOIL60604NONEPCARTS$372,230
MERIT SCHOOL OF MUSIC
38 S PEORIA STCHICAGOIL60607NONEPCEDUCATION$500
NAVY SEAL FOUNDATION
1619 D STVIRGINIA BEACHVA23459NONEPCEDUCATION/SUPPORT$100,000
MISC
1943 N BURLINGCHICAGOIL60614NONEPCCOMMUNITY$3,000
PANCREATIC CANCER ACTION NETWORK
2101 ROSECRANS AVE STE 3200EL SEGUNDOCA90245NONEPCMEDICAL$1,000
FieldValueIRS element (for citing)
Grant Or Contribution Pd Dur YrGrantOrContributionPdDurYrGrp
Total Grant Or Contri Pd Dur Yr$1,754,897TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$478,261ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$626,420ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,104,681ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,104,681TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJOSEF LAKONISHOKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11943 N BURLINGAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
FieldValueIRS element (for citing)
Total Contributions$526,650TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
16725 SH VERIZON$250,7082023-07-03
119000 SH CORECIVIC INC$172,7102023-06-13
156500 SH PROSPECT CAP CORP$351,9952023-06-13
16250 SH ANNALY CAPITAL MGMT INC$120,0002023-04-14
13240 SH SEAGATE TECHNOLOGY LTD$207,2302023-04-14
16760 SH VERIZON$251,4042023-03-30

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
27250 shares of ATT$723,034$457,255
87440 shares of LSV VALUE EQUITY INST$2,417,311$2,183,384
6592 shares of WARNER BROS$220,796$75,017
28500 shares of PROSPECT CAP CORP$186,636$170,715
40000 shares of SABRA HEALTH HEALTH CARE REIT$847,903$570,800
25715 shares of VERIZON$1,104,976$969,456
48982 shares of LSV EMERGING MARKETS$580,881$540,270
35000 shares of ABN AMRO BANK$655,537$525,427
57353 shares of LSV SMALL CAP VALUE INST$590,598$1,039,819
13000 shares of ALLIANCE BERSTEIN HOLDINGS$375,670$403,390

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED NET GAINS/LOSSESDesc
Amt$786,407Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEE SECRETARY OF STATEDesc
Revenue And Expenses Per Books$10RevenueAndExpensesPerBooksAmt
Net Investment Income$10NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescNondividend distributionsDesc
Revenue And Expenses Per Books$20,651RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES WITHHELDCategoryTxt
Amt$10,903Amt
Net Investment Income$10,903NetInvestmentIncomeAmt

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