BETA

J2 FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
J2 FAMILY FOUNDATION (EIN 46-3595823)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-11
IRS object ID
202311319349104016
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)
Return2023-05-11T15:22:51-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363077757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRAY HUNTER STENN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAINE STAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463595823EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1J2 FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJ2FABusinessNameControlTxt
Phone2177734411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH P TRACYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2023-05-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOSEPHPersonFirstNm
Person LastTRACYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY A MCPHERSON CPAPreparerPersonNm
PTINP00917157PTIN
Phone2172220304PhoneNum
Preparation2023-05-09PreparationDt
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$7,526,998FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$515,138ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$36InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$36InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$36InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$40,728DividendsRevAndExpnssAmt
Dividends Net Invst Incm$40,728DividendsNetInvstIncmAmt
Dividends Adj Net Incm$40,728DividendsAdjNetIncmAmt
Total Rev And Expnss$555,902TotalRevAndExpnssAmt
Total Net Invst Incm$40,764TotalNetInvstIncmAmt
Total Adj Net Incm$40,764TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$92LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$69LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$69LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$23LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,120AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$840AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$840AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$280AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$801TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,028TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$909TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$909TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$303TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$154,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$154,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$156,428TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$909TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$909TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$154,703TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$399,474ExcessRevenueOverExpensesAmt
Net Investment Income$39,855NetInvestmentIncomeAmt
Adjusted Net Income$39,855AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$1CashBOYAmt
Sav And Temp Cash Invst BOY$18,700SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$18,035SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$18,035SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$2,511,913OtherInvestmentsBOYAmt
Other Investments EOY$2,912,051OtherInvestmentsEOYAmt
Other Investments EOYFMV$7,508,963OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,530,612TotalAssetsBOYAmt
Total Assets EOY$2,930,086TotalAssetsEOYAmt
Total Assets EOYFMV$7,526,998TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,530,612CapitalStockBOYAmt
Capital Stock EOY$2,930,086CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,530,612TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,930,086TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,530,612TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,930,086TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,530,612TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$399,474ExcessRevenueOverExpensesAmt
Subtotal$2,930,086SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,930,086TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$554InvestmentIncomeExciseTaxAmt
Subtotal$554SubtotalAmt
Tax Based On Investment Income$554TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$510EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$510TotalPaymentsAndCreditsAmt
Tax Due$44TaxDueAmt

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 StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOSEPH P TRACYIndividualWithBooksNm
Phone2177733922PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
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
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
JOSEPH P TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301PRESIDENT000.00$0$0$0
JILL A TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301TREASURER000.00$0$0$0
CHRISTIE L MUGERDITCHIAN
3115 EVANGELINE ROADQUINCYIL62301SECRETARY000.00$0$0$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

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,747AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,662,954FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,680,701TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,680,701AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$85,211CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,595,490NetVlNoncharitableAssetsAmt
Minimum Investment Return$279,775MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$279,775MinimumInvestmentReturnAmt
Tax Based On Investment Income$554TaxBasedOnInvestmentIncomeAmt
Total Tax$554TotalTaxAmt
Distributable Before Adj$279,221DistributableBeforeAdjAmt
Distributable Before Ded$279,221DistributableBeforeDedAmt
Distributable As Adjusted$279,221DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$154,703ExpensesAndContributionsAmt
Qualifying Distributions$154,703QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$279,221DistributableAsAdjustedAmt
Undistributed Income PY$2,355UndistributedIncomePYAmt
Qualifying Distributions$154,703QualifyingDistributionsAmt
Applied To Year1$2,355AppliedToYear1Amt
Applied To Current Year$152,348AppliedToCurrentYearAmt
Undistributed Income CY$126,873UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEPH P TRACYContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJ2 FAMILY FOUNDATION JOSEPH TRACYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2177734411RecipientPhoneNum
Recipient Email AddressJOETRACY@DOTFOODS.COMRecipientEmailAddressTxt
Form And Info And MaterialsTHE FOUNDATION WILL NOT INITIALLY REQUIRE THAT RECIPIENT CHARITIES APPLY FOR GRANTS, BUT MAY LATER AS THE FOUNDATION GROWS. INSTEAD OF REACTING TO GRANT REQUESTS, THE FOUNDATION WILL BE PRO-ACTIVE IN SELECTING WORTHY AREA CHARITIES FOR GRANTS WITHIN THE SCOPE OF THE FOUNDATION'S PURPOSE.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsAWARDS ARE GENERALLY LIMITED TO ORGANIZATIONS THAT EDUCATE STUDENTS SUCH AS PAROCHIAL AND PUBLIC SCHOOLS, ORGANIZATIONS THAT PROVIDE AID AND ASSISTANCE TO YOUNG CHILDREN, YOUNG MOTHERS, FAMILIES, AND ALL INVIDIUALS WHO ARE STRUGGLING TO SUPPORT THEMSELVES SHORT-TERM AND NEED ASSISTANCE AND SUPPORT TO GET BACK ON THEIR FEET AND COMPLETE THEIR EDUCATION OR GAINFUL EMPLOYMENT, AND ORGANIZATIONS OR PROGRAMS THAT DEVELOP LEADERSHIP SKILLS OF INDIVIDUALS WHO RESIDE WITHIN A 100-MILE RADIUS OF QUINCY, ILLINOIS, THROUGH PROGRAMS, SEMINARS AND SCHOLARSHIPS TO THOSE WHO HAVE ACHIEVED AT LEAST A HIGH SCHOOL DEGREE.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
QUINCY NOTRE DAME FOUNDATION
1400 SOUTH 11 STQUINCYIL62301PCTEACHER, TALENT, RECRUITMENT, RETENT$54,400
QUINCY UNIVERSITY
1800 COLLEGE AVEQUINCYIL62301PCFACULTY INCENTIVE PROGRAM$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$154,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$36ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$40,728ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescREFUNDDesc

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$40,764ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$40,764TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJOSEPH P TRACYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Total Contributions$515,138TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1,190 DOT FOODS, INC. NON-VOTINGNoncashPropertyDesc
Fair Market Value$400,138FairMarketValueAmt
Received2022-06-02ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,120Amt
Net Investment Income$840NetInvestmentIncomeAmt
Adjusted Net Income$840AdjustedNetIncomeAmt
Disbursements Charitable Prps$280DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item15,789. DOT FOODS, INC-CLOSELY-HELDCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$2,912,051BookValueAmt
EOYFMV$7,508,963EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryATTORNEY FEECategoryTxt
Legal Fees$92LegalFeesAmt
Net Investment Income$69NetInvestmentIncomeAmt
Adjusted Net Income$69AdjustedNetIncomeAmt
Disbursements Charitable Prps$23DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
IL CHARITABLE ANNUAL REPORT F$15
MISCELLANEOUS

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
EXCISE TAX$291
2022 ESTIMATE$510

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