STAR FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
STAR FAMILY FOUNDATION (EIN 46-1477949)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-10
IRS object ID
202341009349100014
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)
Return2023-04-10T10:20:45-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461477949EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STAR FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JAMES A STARInCareOfNm
Business Name ControlSTARBusinessNameControlTxt
Phone3123464100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line175 STEEPLECHASE DRAddressLine1Txt
CityASPENCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81611ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES STARPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3123464100PhoneNum
Signature2023-03-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastSTARPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Form8822 B AttachedYes (X)Form8822BAttachedInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS LEWANDOWSKIPreparerPersonNm
PTINP00729456PTIN
Phone7087996800PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
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$21,147,912FMVAssetsEOYAmt
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
Interest On Sav Rev And Expnss$2,506InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,506InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$150,140DividendsRevAndExpnssAmt
Dividends Net Invst Incm$150,140DividendsNetInvstIncmAmt
Other Income Rev And Expnss$402OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$402OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$153,048TotalRevAndExpnssAmt
Total Net Invst Incm$153,048TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,768OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,768OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$7,127TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$9,895TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,768TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$975,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$975,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$984,895TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,768TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$975,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$831,847ExcessRevenueOverExpensesAmt
Net Investment Income$150,280NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,364,936CashBOYAmt
Cash EOY$179,561CashEOYAmt
Cash EOYFMV$179,561CashEOYFMVAmt
Prepaid Expenses BOY$21,337PrepaidExpensesBOYAmt
Prepaid Expenses EOY$14,400PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$14,400PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$6,618,845CorporateStockBOYAmt
Corporate Stock EOY$7,972,373CorporateStockEOYAmt
Corporate Stock EOYFMV$19,747,797CorporateStockEOYFMVAmt
Other Investments BOY$1,206,154OtherInvestmentsBOYAmt
Other Investments EOY$1,206,154OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,206,154OtherInvestmentsEOYFMVAmt
Total Assets BOY$10,211,272TotalAssetsBOYAmt
Total Assets EOY$9,372,488TotalAssetsEOYAmt
Total Assets EOYFMV$21,147,912TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$10,211,272RetainedEarningBOYAmt
Retained Earning EOY$9,372,488RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$10,211,272TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,372,488TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$10,211,272TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,372,488TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,211,272TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$831,847ExcessRevenueOverExpensesAmt
Subtotal$9,379,425SubtotalAmt
Other Decreases$6,937OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,372,488TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,089InvestmentIncomeExciseTaxAmt
Subtotal$2,089SubtotalAmt
Tax Based On Investment Income$2,089TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$14,400EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$14,400TotalPaymentsAndCreditsAmt
Overpayment$12,311OverpaymentAmt
Applied To ES Tax$12,311AppliedToESTaxAmt

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 StateCOOrgReportOrRegisterStateCd
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 Line1JAMES A STARBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3123464100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line175 STEEPLECHASE DRAddressLine1Txt
CityASPENCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81611ZIPCd
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
JAMES A STAR
75 STEEPLECHASE DRASPENCO81611PRESIDENT/TREASURER0.0$0$0$0
SARA CROWN STAR
75 STEEPLECHASE DRASPENCO81611SECRETARY/DIRECTOR0.0$0$0$0
DAN L DREXLER
222 N LASALLE ST SUITE 2000CHICAGOIL60601DIRECTOR0.0$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$18,928,657AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$470,050AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$19,398,707TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$19,398,707AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$290,981CashDeemedCharitableAmt
Net Vl Noncharitable Assets$19,107,726NetVlNoncharitableAssetsAmt
Minimum Investment Return$955,386MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$955,386MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,089TaxBasedOnInvestmentIncomeAmt
Total Tax$2,089TotalTaxAmt
Distributable Before Adj$953,297DistributableBeforeAdjAmt
Distributable Before Ded$953,297DistributableBeforeDedAmt
Distributable As Adjusted$953,297DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$975,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$975,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$953,297DistributableAsAdjustedAmt
Undistributed Income PY$954,490UndistributedIncomePYAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Qualifying Distributions$975,000QualifyingDistributionsAmt
Applied To Year1$954,490AppliedToYear1Amt
Applied To Current Year$20,510AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$932,787UndistributedIncomeCYAmt
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)
Contributing ManagerJAMES STARContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INSPIRING CHILDREN FOUNDATION
2788 BOTTICELLI DRHENDERSONNV890523108NONEPCGENERAL PURPOSES$100,000
BIG GREEN
1637 PEARL ST STE 201BOULDERCO803025447NONEPCGENERAL PURPOSE$100,000
UCLA FOUNDATION
10889 WILSHIRE BOULEVARD SUITE 110LOS ANGELESCA90024NONEPCGENERAL PURPOSE$125,000
ASPEN COMMUNITY FOUNDATION
455 GOLD RIVERS CT STE 515ASPENCO816218124NONEPCGENERAL PURPOSE$300,000
ERICKSON INSTITUTE
451 N LASALLE STCHICAGOIL60654NONEPCGENERAL PURPOSE$100,000
MAYO CLINIC
200 FIRT ST SWROCHESTERMN559050001NONEPCGENERAL PURPOSES$250,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$975,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,506ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$150,140ExclusionAmt
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 Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER INVESTMENT INCOMEDesc
Exclusion$402ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$153,048ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$153,048TotalIncomeProducingActyAmt

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 (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JP MORGAN CHASE EQUITY$6,222,375$17,997,799
BOMBAS LLC$1,749,998$1,749,998

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemUNREALIZED APPRECIATINCategoryOrItemTxt
Book Value$1,206,154BookValueAmt
EOYFMV$1,206,154EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescRETURN OF CAPITAL ADJUSTMENTDesc
Amt$6,937Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryJP MORGANCategoryTxt
Amt$2,768Amt
Net Investment Income$2,768NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAX DEPOSITCategoryTxt
Amt$7,127Amt

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