BETA

BAER FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BAER FAMILY FOUNDATION INC (EIN 20-3991889)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-12
IRS object ID
202321049349100912
Schema version
2022v5.0
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)
Return2023-04-12T07:59:08-00:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Steven B Walters CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 67th StreetAddressLine1Txt
CityVirginia BeachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203991889EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BAER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBAERBusinessNameControlTxt
Phone5617024443PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1462 E BOCA RATON ROADAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID B BAERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5617024443PhoneNum
Signature2023-04-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastBAERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteven B WaltersPreparerPersonNm
PTINP00503757PTIN
Phone7574776908PhoneNum
Preparation2023-04-12PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$511,381FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$11InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$15,905DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,905DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$18,445NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$26,184GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$18,445CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$34,361TotalRevAndExpnssAmt
Total Net Invst Incm$34,361TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,200AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,178TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,178TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,685OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,685OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,063TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,063TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$37,563TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,063TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$32,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,202ExcessRevenueOverExpensesAmt
Net Investment Income$29,298NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$28,486CashBOYAmt
Cash EOY$576CashEOYAmt
Cash EOYFMV$576CashEOYFMVAmt
Other Investments BOY$537,229OtherInvestmentsBOYAmt
Other Investments EOY$561,937OtherInvestmentsEOYAmt
Other Investments EOYFMV$510,805OtherInvestmentsEOYFMVAmt
Total Assets BOY$565,715TotalAssetsBOYAmt
Total Assets EOY$562,513TotalAssetsEOYAmt
Total Assets EOYFMV$511,381TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$565,715NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$562,513NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$565,715TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$562,513TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$565,715TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$562,513TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$565,715TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,202ExcessRevenueOverExpensesAmt
Subtotal$562,513SubtotalAmt
Tot Net Ast Or Fund Balances EOY$562,513TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property670 SH BOSTON PARTNERS L/S RESEARCH FDPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2010-12-31AcquiredDt
Sold2022-12-23SoldDt
Gross Sales Price$9,400GrossSalesPriceAmt
Cost Or Other Basis$7,739CostOrOtherBasisAmt
Gain Or Loss$1,661GainOrLossAmt
Gains Minus Excess Or Losses$1,661GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$18,445CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$407InvestmentIncomeExciseTaxAmt
Subtotal$407SubtotalAmt
Tax Based On Investment Income$407TaxBasedOnInvestmentIncomeAmt
Tax Due$407TaxDueAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Org Report Or Register StateMDOrgReportOrRegisterStateCd
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 BooksDAVID B BAERIndividualWithBooksNm
Phone5617024443PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1462 E BOCA RATON ROADAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DAVID B BAER
462 E BOCA RATON ROADBOCA RATONFL33432PRESIDENT003.00$0
JUSTIN M BAER
8504 BURNING TREE ROADBETHESDAMD20817TRUSTEE001.00$0
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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$535,061AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,809AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$558,870TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$558,870AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,383CashDeemedCharitableAmt
Net Vl Noncharitable Assets$550,487NetVlNoncharitableAssetsAmt
Minimum Investment Return$27,524MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$27,524MinimumInvestmentReturnAmt
Tax Based On Investment Income$407TaxBasedOnInvestmentIncomeAmt
Total Tax$407TotalTaxAmt
Distributable Before Adj$27,117DistributableBeforeAdjAmt
Distributable Before Ded$27,117DistributableBeforeDedAmt
Distributable As Adjusted$27,117DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$32,500ExpensesAndContributionsAmt
Qualifying Distributions$32,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$27,117DistributableAsAdjustedAmt
Undistributed Income PY$20,778UndistributedIncomePYAmt
Qualifying Distributions$32,500QualifyingDistributionsAmt
Applied To Year1$20,778AppliedToYear1Amt
Applied To Current Year$11,722AppliedToCurrentYearAmt
Undistributed Income CY$15,395UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
JEWISH FEDERATION OF GREATER WASHINGTON
6101 EXECUTIVE BLVD STE 100NORTH BETHESDAMD20852PCYOUNG LEADERSHIP$2,500
CHARLES E SMITH JEWISH DAY SCHOOL
11710 HUNTERS LANEROCKVILLEMD20852PCUNRESTRICTED GIFT$10,000
SHORESH INC
3723 OLD COURT RD STE 206BALTIMOREMD21208PCSHORESH CAMP$2,500
CHABAD OF ASPEN
435 W MAIN STASPENCO81611PCUNRESTRICTED GIFT$10,000
ASPEN JEWISH CONGREGATION
77 MEADOWOOD DRASPENCO81611PCUNRESTRICTED GIFT$5,000
ASPEN MUSIC SCHOOL & FESTIVAL
225 MUSIC SCHOOL ROADASPENCO81611PCUNRESTRICTED GIFT$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,905ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$18,445ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$34,361ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$34,361TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategorySTEVEN B. WALTERS, CPACategoryTxt
Amt$1,200Amt
Net Investment Income$1,200NetInvestmentIncomeAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (13 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIRST EAGLE GLOBAL FUNDAT COST$36,987$41,566
NUVEEN GLOBAL EQUITY INC FDAT COST$48,280$48,312
NUVEEN GLOBAL INFRA FUNDAT COST$59,240$60,754
ALLSPRING GROWTH FUND INSTITUTNLAT COST$25,208$19,026
PIMCO GNMA FUNDAT COST$63,123$51,791
HODGES SMALL CAP FUNDAT COST$24,278$24,630
VICTORY RS INVESTORS FUND CLASS YAT COST$19,532$19,915
VICTORY RS MID CAP GROWTHAT COST$19,307$14,341
STATE OF ISRAEL BDAT COST$35,000$34,768
ALGER SPECTRA FUND CLASS ZAT COST$43,884$31,902
BLACKROCK STRATEGIC GLOBAL BD FDAT COST$34,383$28,947
BOSTON PARTNERS L/S RESEARCH FDAT COST$80,412$76,054
PGIM TOTAL RETURN BOND CL ZAT COST$72,303$58,799

Legal Fees Schedule LegalFeesSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
QUARTERLY MANAGEMENT FEES$2,510$2,510
ANNUAL FEE$175$175

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Tax on investment income$1,034$1,034
Foreign taxes$144$144

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