KATHERINE W MONROE & DOUGLAS D MONROE JR FAMILY CHARITABLE FOUNDA: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: KATHERINE W MONROE & DOUGLAS D MONROE JR FAMILY CHARITABLE FOUNDA (EIN 47-7254611)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202443199349105089
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
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Substantial Contributors Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T18:42:21-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	450956242	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MITCHELL CPAS & ADVISORS PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	6510 MAIN STREET	AddressLine1Txt
City	Gloucester	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23061	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	477254611	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KATHERINE W MONROE & DOUGLAS D MONROE JR	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KATH	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 38	AddressLine1Txt
City	IRVINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22480	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	WENDE M SZYPERSKI	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	8044386737	PhoneNum
Signature	2024-11-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MITCHELL W KENT	PreparerPersonNm
PTIN	P01234049	PTIN
Phone	8046932040	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$697,946	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	$25,340	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$31,484	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$31,484	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$31,484	DividendsAdjNetIncmAmt
Total Rev And Expnss	$56,824	TotalRevAndExpnssAmt
Total Net Invst Incm	$31,484	TotalNetInvstIncmAmt
Total Adj Net Incm	$31,484	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$340	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$340	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$1,000	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,340	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$340	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$75,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$75,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$76,340	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$75,340	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$19,516	ExcessRevenueOverExpensesAmt
Net Investment Income	$31,484	NetInvestmentIncomeAmt
Adjusted Net Income	$31,484	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$44,900	CashBOYAmt
Cash EOY	$25,384	CashEOYAmt
Cash EOYFMV	$25,384	CashEOYFMVAmt
Corporate Stock BOY	$903,093	CorporateStockBOYAmt
Corporate Stock EOY	$903,093	CorporateStockEOYAmt
Corporate Stock EOYFMV	$672,562	CorporateStockEOYFMVAmt
Total Assets BOY	$947,993	TotalAssetsBOYAmt
Total Assets EOY	$928,477	TotalAssetsEOYAmt
Total Assets EOYFMV	$697,946	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY	$947,993	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$928,477	AdditionalPaidInCapitalEOYAmt
Tot Net Ast Or Fund Balances BOY	$947,993	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$928,477	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$947,993	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$928,477	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$947,993	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$19,516	ExcessRevenueOverExpensesAmt
Subtotal	$928,477	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$928,477	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$438	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$438	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$438	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,098	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$1,098	TotalPaymentsAndCreditsAmt
Overpayment	$660	OverpaymentAmt
Applied To ES Tax	$660	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	VA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Individual With Books	MITCHELL CPAS ADVISORS PC	IndividualWithBooksNm
Phone	8046932040	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	6510 MAIN STREET	AddressLine1Txt
City	GLOUCESTER	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23061	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	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
WENDE M SZYPERSKI
P O BOX 38	IRVINGTON	VA	22480	TRUSTEE	5.00	$0	$0	$0
MARGARET M BARLOW
484 LIGHTFOOT ROAD	LOUISVILLE	KY	40207	TRUSTEE	5.00	$0	$0	$0
KATHERINE M SPOTTS
6101 RIVER ROAD	RICHMOND	VA	23226	TRUSTEE	5.00	$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

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$672,562	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$59,055	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$731,617	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$731,617	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$10,974	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$720,643	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$36,032	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$36,032	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$438	TaxBasedOnInvestmentIncomeAmt
Total Tax	$438	TotalTaxAmt
Distributable Before Adj	$35,594	DistributableBeforeAdjAmt
Distributable Before Ded	$35,594	DistributableBeforeDedAmt
Distributable As Adjusted	$35,594	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$75,340	ExpensesAndContributionsAmt
Qualifying Distributions	$75,340	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$35,594	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$125,932	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$98,930	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$224,862	TotalExcessDistributionCyovAmt
Qualifying Distributions	$75,340	QualifyingDistributionsAmt
Applied To Current Year	$35,594	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$39,746	RemainingDistriFromCorpusAmt
Total Corpus	$264,608	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$264,608	ExcessDistriCyovToNextYrAmt
Excess From Year4	$125,932	ExcessFromYear4Amt
Excess From Year3	$98,930	ExcessFromYear3Amt
Excess From Current Year	$39,746	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	CHESAPEAKE ACADEMY	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	107 STEAMBOAT ROAD	AddressLine1Txt
City	IRVINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22480	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Recipient Foundation Status	NC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	501 C 3 PRIVATE SCHOOL	GrantOrContributionPurposeTxt
Amt	$75,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$75,000	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$31,484	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$31,484	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$31,484	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$340	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$340	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
6937 SHS CHESAPEAKE FINANCIAL	$117,265	$126,947
3915 SHS CHESAPEAKE FINANCIAL	$77,068	$71,644
11676 SHS CHESAPEAKE FINANCIAL	$302,416	$213,671
9422 SHS CHESAPEAKE FINANCIAL	$283,311	$172,423
4312 SHS CHESAPEAKE FINANCIAL	$111,094	$78,910
490 SHS CHESAPEAKE FINANCIAL	$11,939	$8,967

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Field	Value	IRS element (for citing)
Person	DOUGLAS D MONROE JR	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 518	AddressLine1Txt
City	IRVINGTON	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22480	ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	TAXES	CategoryTxt
Amt	$1,000	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

KATHERINE W MONROE & DOUGLAS D MONROE JR FAMILY CHARITABLE FOUNDA: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

US Address USAddress

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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