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THE HELM FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE HELM FOUNDATION INC (EIN 26-0001014)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-12
IRS object ID
202301329349102230
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)
Return2023-05-12T12:36:11-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARCUM LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 MELVILLE PARK RDAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260001014EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HELM FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% SCOTT HELMInCareOfNm
Business Name ControlHELMBusinessNameControlTxt
Phone6314144000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o MARCUM LLP-10 MELVILLE PARK RDAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT HELMPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6314144000PhoneNum
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSCOTTPersonFirstNm
Person LastHELMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRONALD FINKELSTEINPreparerPersonNm
PTINP00301744PTIN
Phone6314144000PhoneNum
Preparation2023-05-15PreparationDt

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$474,523FMVAssetsEOYAmt
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$8,361DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,361DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$96,469NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$393,881GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$96,469CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$186OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$186OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$105,016TotalRevAndExpnssAmt
Total Net Invst Incm$105,016TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$45,455DeprecAndDpltnRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$45,455TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$438,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$438,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$483,455TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$438,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$378,439ExcessRevenueOverExpensesAmt
Net Investment Income$105,016NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$20,589CashBOYAmt
Cash EOY$20,588CashEOYAmt
Cash EOYFMV$20,588CashEOYFMVAmt
Sav And Temp Cash Invst BOY$84,453SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$48,881SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$48,881SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$689,569CorporateStockBOYAmt
Corporate Stock EOY$392,157CorporateStockEOYAmt
Corporate Stock EOYFMV$405,054CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,280,640LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$434,819LandBldgEquipAccumDeprecAmt
Land BOY$891,275LandBOYAmt
Land EOY$845,821LandEOYAmt
Total Assets BOY$1,685,886TotalAssetsBOYAmt
Total Assets EOY$1,307,447TotalAssetsEOYAmt
Total Assets EOYFMV$474,523TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,685,886CapitalStockBOYAmt
Capital Stock EOY$1,307,447CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,685,886TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,307,447TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,685,886TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,307,447TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,685,886TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$378,439ExcessRevenueOverExpensesAmt
Subtotal$1,307,447SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,307,447TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$380,983$297,412$83,571$83,571
CAPITAL GAIN DIVIDENDSP$12,898
FieldValueIRS element (for citing)
Capital Gain Net Income$96,469CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,460InvestmentIncomeExciseTaxAmt
Subtotal$1,460SubtotalAmt
Tax Based On Investment Income$1,460TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,891EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$4,891TotalPaymentsAndCreditsAmt
Overpayment$3,431OverpaymentAmt
Applied To ES Tax$3,431AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SCOTT HELMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6314144000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O MARCUMLLP- 10 MELVILLE PARK ROAAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Lesley Malin Helm
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747President1.0$0$0$0
Scott Helm
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747VP, Secretary and Treasurer2.0$0$0$0
Gladys M Helm
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747Director1.0$0$0$0
JoAnne C Malin
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747Director1.0$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$569,013AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$62,925AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$631,938TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$631,938AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,479CashDeemedCharitableAmt
Net Vl Noncharitable Assets$622,459NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,123MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,123MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,460TaxBasedOnInvestmentIncomeAmt
Total Tax$1,460TotalTaxAmt
Distributable Before Adj$29,663DistributableBeforeAdjAmt
Distributable Before Ded$29,663DistributableBeforeDedAmt
Distributable As Adjusted$29,663DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$438,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$438,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,663DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$156,261ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$155,308ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$162,899ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$162,267ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$636,735TotalExcessDistributionCyovAmt
Qualifying Distributions$438,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$29,663AppliedToCurrentYearAmt
Remaining Distri From Corpus$408,337RemainingDistriFromCorpusAmt
Total Corpus$1,045,072TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$156,261ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$888,811ExcessDistriCyovToNextYrAmt
Excess From Year3$155,308ExcessFromYear3Amt
Excess From Year2$162,899ExcessFromYear2Amt
Excess From Year1$162,267ExcessFromYear1Amt
Excess From Current Year$408,337ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE STATEMENT BBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHEDAddressLine1Txt
CitySEE ATTACHEDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$438,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$438,000TotalGrantOrContriPdDurYrAmt

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$8,361ExclusionAmt
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 Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$96,469ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Exclusion$186ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$105,016ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$105,016TotalIncomeProducingActyAmt

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

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyBUILDINGPropertyDesc
Acquired2014-02-01AcquiredDt
Cost Or Other Basis$1,250,000CostOrOtherBasisAmt
Prior Year Depreciation$389,365PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Life27LifeRt
Current Year Expense$45,455CurrentYearExpenseAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
XCEL ENERGY
MARKETABLE SECURITIES- STMT A$392,157$405,054

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemBUILDINGCategoryOrItemTxt
Cost Or Other Basis$1,250,000CostOrOtherBasisAmt
Accumulated Depreciation$434,820AccumulatedDepreciationAmt
Book Value$815,180BookValueAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Descmisc incomeDesc
Revenue And Expenses Per Books$186RevenueAndExpensesPerBooksAmt
Net Investment Income$186NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAX PAYMENTSCategoryTxt

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