JGM FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JGM FOUNDATION (EIN 82-3764755)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-03-08
IRS object ID
202310679349100106
Schema version
2021v4.2
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)
Return2023-03-08T08:17:38-06:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRIEDMAN & HUEY ASSOC LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11313 WEST 175TH STREETAddressLine1Txt
CityHOMEWOODCityNm
State AbbreviationILStateAbbreviationCd
ZIP60430ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823764755EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JGM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% ELLIOTT FRIEDMANInCareOfNm
Business Name ControlJGMFBusinessNameControlTxt
Phone7087996800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11313 175TH STREETAddressLine1Txt
CityHOMEWOODCityNm
State AbbreviationILStateAbbreviationCd
ZIP60430ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTRACY SILVERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7087996800PhoneNum
Signature2022-10-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTRACYPersonFirstNm
Person LastSILVERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY V JOYCEPreparerPersonNm
PTINP00047157PTIN
Phone7087996800PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,815,501FMVAssetsEOYAmt
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$18,219DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,219DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$183,099NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$507,801GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$183,099CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$201,318TotalRevAndExpnssAmt
Total Net Invst Incm$201,318TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$150LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$150LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$13,487OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$13,487OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$200TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$26OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$26OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$13,863TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,487TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$176TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$113,863TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,487TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$100,176TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$87,455ExcessRevenueOverExpensesAmt
Net Investment Income$187,831NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$21,339SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$268,613SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$268,613SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,569,291CorporateStockBOYAmt
Corporate Stock EOY$1,409,472CorporateStockEOYAmt
Corporate Stock EOYFMV$1,546,888CorporateStockEOYFMVAmt
Total Assets BOY$1,590,630TotalAssetsBOYAmt
Total Assets EOY$1,678,085TotalAssetsEOYAmt
Total Assets EOYFMV$1,815,501TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,590,630RetainedEarningBOYAmt
Retained Earning EOY$1,678,085RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,590,630TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,678,085TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,590,630TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,678,085TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,590,630TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$87,455ExcessRevenueOverExpensesAmt
Subtotal$1,678,085SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,678,085TotNetAstOrFundBalancesEOYAmt

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
HARRIS ASSOCIATES #718334P2021-06-112022-03-24$21,834$20,908$926$926
HARRIS ASSOCIATES #718334P$485,967$303,794$182,173$182,173
FieldValueIRS element (for citing)
Capital Gain Net Income$183,099CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,611InvestmentIncomeExciseTaxAmt
Subtotal$2,611SubtotalAmt
Tax Based On Investment Income$2,611TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,364EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$2,600ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,964TotalPaymentsAndCreditsAmt
Overpayment$1,353OverpaymentAmt
Applied To ES Tax$1,353AppliedToESTaxAmt

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
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 Line1ELLIOTT FRIEDMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7087996800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11313 175TH STREETAddressLine1Txt
CityHOMEWOODCityNm
State AbbreviationILStateAbbreviationCd
ZIP60430ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CAROLINE MAYNARD
1313 175TH STREETHOMEWOODIL60430VICE PRESIDENT0$0$0$0
TRACY SILVER
1313 175TH STREETHOMEWOODIL60430PRESIDENT & SECRETARY0$0$0$0
ELLIOTT M FRIEDMAN
1313 175TH STREETHOMEWOODIL60430TREASURER0$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$2,120,089AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$140,779AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,260,868TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,260,868AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$33,913CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,226,955NetVlNoncharitableAssetsAmt
Minimum Investment Return$111,348MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$111,348MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,611TaxBasedOnInvestmentIncomeAmt
Total Tax$2,611TotalTaxAmt
Distributable Before Adj$108,737DistributableBeforeAdjAmt
Distributable Before Ded$108,737DistributableBeforeDedAmt
Distributable As Adjusted$108,737DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$100,176ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$100,176QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$108,737DistributableAsAdjustedAmt
Undistributed Income PY$98,744UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$100,176QualifyingDistributionsAmt
Applied To Year1$98,744AppliedToYear1Amt
Applied To Current Year$1,432AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$107,305UndistributedIncomeCYAmt
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)
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
ALZHEIMERS ASSOCIATION
225 NORTH MICHIGAN AVENUE 17TH FLOCHICAGOIL60601NONEPCGENERAL FUND$50,000
NATIONAL CHRISTIAN FOUNDATION
11625 Rainwater Drive Suite 500AlpharettaGA30009NONEPCGENERAL FUND$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

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$18,219ExclusionAmt
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$183,099ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$201,318ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$201,318TotalIncomeProducingActyAmt

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 Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (30 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALPHABET INC CL C$89,798$177,183
AMERICAN INT'L GROUP$88,076$106,095
AUTOMATIC DATA PROCESSING INC$0$0
BERKSHIRE HATHAWAY INC CL B$35,281$54,604
CARTERS INC COM$38,857$38,764
CDK GLOBAL INC COM$0$0
CITIGROUP INC$107,330$73,584
COMCAST CORP CL A$68,879$66,708
CONSTELLATION BRANDS INC CL A$0$0
META PLATFORMS INC CL A$43,135$37,088
FISERV INC COM$102,485$86,746
HCA HEALTHCARE INC$32,654$58,821
HERC HLDGS INC$0$0
HILTON WORLDWIDE HLDGS$14,152$22,845
HOWARD HUGHES CORP$79,076$54,440
HUMANA INC COM$0$0
KEURIG DR PEPPER INC$40,614$49,546
LAMB WESTON HLDGS INC COM$37,626$44,663
LEAR CORP$54,951$47,209
LIBERTY BROADBAND CORP$71,079$98,294
NETFLIX$92,122$34,974
ORACLE CORP$48,577$69,870
POST HLDGS INC COM$33,369$47,351
QORVO INC$24,055$33,012
REGENERON PHARM$27,346$53,202
SCHWAB CHARLES SCHWAB CORP$64,824$88,452
THOR INDS INC COM$47,380$31,760
VISA INC$39,980$68,911
WELLS FARGO & CO$107,118$78,340
WORKDAY INC CL A$20,708$24,426

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryFISCHEL & KAHNCategoryTxt
Legal Fees$150LegalFeesAmt
Disbursements Charitable Prps$150DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescIL CHARITY BUREAU FUNDDesc
Revenue And Expenses Per Books$26RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$26DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$13,487Amt
Net Investment Income$13,487NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAX PAYMENTCategoryTxt
Amt$200Amt

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