THE KARLA SCHERER FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE KARLA SCHERER FOUNDATION (EIN 38-2877392)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-15
- IRS object ID
- 202311359349102526
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-15T11:00:45-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 383635706 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REHMANN ROBSON LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 218 N MAIN ST STE 102 | AddressLine1Txt |
| City | CHEBOYGAN | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49721 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382877392 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARLA SCHERER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KARL | BusinessNameControlTxt |
| Phone | 3129439191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 N MICHIGAN AVE STE 2330 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KARLA SCHERER | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 3129439191 | PhoneNum |
| Signature | 2023-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KARLA | PersonFirstNm |
| Person Last | SCHERER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DEBRA C KITELEY | PreparerPersonNm |
| PTIN | P00188333 | PTIN |
| Phone | 2316273143 | PhoneNum |
| Preparation | 2023-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,142,929 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $70 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $70 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $181,424 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $181,424 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $151,029 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $297,215 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $151,029 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$6,147 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$253 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $326,376 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $332,270 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,390 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,695 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,695 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $793 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $793 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,886 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $30 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,856 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $961 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $109,931 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $27,483 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $82,448 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $7,106 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,728 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,379 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $132,067 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $35,729 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $95,378 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $272,320 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $272,320 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $404,387 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $35,729 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $367,698 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$78,011 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $296,541 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $353,754 | CashBOYAmt |
| Cash EOY | $399,847 | CashEOYAmt |
| Cash EOYFMV | $399,847 | CashEOYFMVAmt |
| Corporate Stock BOY | $6,239,466 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,555,984 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,555,984 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $93,422 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $66,184 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $66,184 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $83,222 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $103,462 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $103,462 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $107,417 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $94,515 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $13,863 | LandBOYAmt |
| Land EOY | $12,902 | LandEOYAmt |
| Land EOYFMV | $12,902 | LandEOYFMVAmt |
| Other Assets BOY | $4,550 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,550 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,550 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $6,788,277 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,142,929 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,142,929 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $6,788,277 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $7,142,929 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,788,277 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,142,929 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,788,277 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,142,929 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,788,277 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$78,011 | ExcessRevenueOverExpensesAmt |
| Other Increases | $432,663 | OtherIncreasesAmt |
| Subtotal | $7,142,929 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,142,929 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | JP MORGAN CHASE | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $297,215 | GrossSalesPriceAmt |
| Cost Or Other Basis | $146,186 | CostOrOtherBasisAmt |
| Gain Or Loss | $151,029 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $151,029 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $151,029 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,122 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,122 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,122 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,680 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $3,680 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $442 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KARLA SCHERER | IndividualWithBooksNm |
| Phone | 3129439191 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVE STE NO 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| KARLA SCHERER | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | CHRM-BD, CEO & TRUSTEE | 20.00 | $0 | $0 | $0 |
| HADLEY KIMBERLIN | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | TREASURER | 2.00 | $0 | $0 | $0 |
| AMANDA MCKENZIE | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $6,570,870 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $498,966 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $17,933 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,087,769 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,087,769 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $106,317 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $6,981,452 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $349,073 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $349,073 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,122 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,122 | TotalTaxAmt |
| Distributable Before Adj | $344,951 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $344,951 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $344,951 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $367,698 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $367,698 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $344,951 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $272,320 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $367,698 | QualifyingDistributionsAmt |
| Applied To Year1 | $272,320 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $95,378 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $249,573 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KARLA SCHERER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | KARLA SCHERER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVENUE SUITE | AddressLine1Txt |
| Address Line2 | 2330 | AddressLine2Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3129439191 | RecipientPhoneNum |
| Form And Info And Materials | N/A | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | N/A | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ART INSTITUTE OF CHICAGO | ||||||
| 111 SOUTH MICHIGAN AVE | CHICAGO | IL | 60603 | PC | GENERAL FUND | $5,000 |
| FIELD MUSEUM | ||||||
| 1400 S LAKE SHORE DRIVE | CHICAGO | IL | 60605 | PC | GENERAL FUND | $10,000 |
| LYRIC OPERA OF CHICAGO | ||||||
| 20 N UPPER WACKER DR | CHICAGO | IL | 60606 | PC | GENERAL FUND | $5,000 |
| HEALTHNETWORK FOUNDATION | ||||||
| 33 RIVER STREET | CHAGRIN FALLS | OH | 44022 | PC | GENERAL FUND | $40,000 |
| KBACH FRIENDS OF PUBLIC RADIO ARIZONA | ||||||
| 2323 W 14TH STREET | TEMPE | AZ | 85281 | PC | GENERAL FUND | $1,000 |
| LIFELINE THEATRE | ||||||
| 6912 N GLENWOOD AVE | CHICAGO | IL | 60626 | PC | GENERAL FUND | $1,120 |
| PLANNED PARENTHOOD FEDERATION OF AMERICA | ||||||
| 1215 W FULTON MARKET | CHICAGO | IL | 60607 | PC | GENERAL FUND | $15,000 |
| PROVIDENCE ST MEL SCHOOL | ||||||
| 119 S CENTRAL PARK BLVD | CHICAGO | IL | 60624 | PC | GENERAL FUND | $2,000 |
| THE CHICAGO SYMPHONY ORCHESTRA | ||||||
| 220 S MICHIGAN AVE | CHICAGO | IL | 60604 | PC | GENERAL FUND | $10,000 |
| UNIVERSITY OF CHICAGO SCHERER CENTER | ||||||
| 5801 SOUTH ELLIS AVENUE | CHICAGO | IL | 60637 | PC | GENERAL FUND | $50,000 |
| COURT THEATRE | ||||||
| 5535 SOUTH ELLIS AVENUE | CHICAGO | IL | 60637 | PC | GENERAL FUND | $5,000 |
| MICHIGAN SUPREME COURT HISTORICAL SOCIETY | ||||||
| 925 W OTTAWA STREET | LANSING | MI | 48915 | PC | GENERAL FUND | $200 |
| NEWBERRY LIBRARY | ||||||
| 60 W WALTON STREET | CHICAGO | IL | 60610 | PC | GENERAL FUND | $25,000 |
| THIRD COAST PERCUSSION NFP | ||||||
| 4045 N ROCKWELL ST 301 | CHICAGO | IL | 60618 | PC | GENERAL FUND | $4,500 |
| THOROUGHBRED RETIREMENT FOUNDATION | ||||||
| PO BOX 834 10 LAKE AVE | SARATOGA SPRINGS | NY | 12866 | PC | GENERAL FUND | $1,000 |
| LEADER DOGS FOR THE BLIND | ||||||
| 1039 S ROCHESTER RD | ROCHESTER HILLS | MI | 48307 | PC | GENERAL FUND | $1,000 |
| ILLINOIS POLICY INSTITUTE | ||||||
| 300 S RIVERSIDE PLAZA STE 1650 | CHICAGO | IL | 60606 | PC | GENERAL FUND | $1,000 |
| FRIENDS OF NOTRE DAME DE PARIS | ||||||
| PO BOX 505 | ETNA | NH | 03750 | PC | GENERAL FUND | $5,000 |
| SALVATION ARMY | ||||||
| 615 SLATERS LANE | ALEXANDRIA | VA | 22314 | PC | GENERAL FUND | $500 |
| HYDE PARK & KENWOOD INTERFAITH COUNCIL | ||||||
| 1448 E 53RD ST | CHICAGO | IL | 60615 | PC | GENERAL FUND | $15,000 |
| OCEAN CONNECT INC | ||||||
| 125 PIPERS HILL RD | WILTON | CT | 06897 | PC | GENERAL FUND | $75,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $272,320 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $70 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $181,424 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $151,029 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| PASS THRU - CALUMET SPECIALTY PRODUCTS PARTNERS | 900001 | -$5,894 | 14 | -$494 |
| PASS THRU - BROOKFIELD | 900001 | 14 | $241 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$5,894 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $332,270 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $326,376 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $11,390 | Amt |
| Net Investment Income | $5,695 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,695 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (11 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| CONFERENCE ROOM FURNITURE | 1992-09-10 | $16,299 | $16,299 | SL | 7.000000000000 | $0 | $0 |
| OFFICE FURNITURE | 1992-08-10 | $5,742 | $5,742 | SL | 7.000000000000 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-23 | $12,303 | $7,746 | SL | 39.000000000000 | $315 | $0 |
| AREA RUG | 1997-05-23 | $8,250 | $8,250 | SL | 7.000000000000 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-19 | $3,067 | $1,942 | SL | 39.000000000000 | $79 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-23 | $22,120 | $13,939 | SL | 39.000000000000 | $567 | $0 |
| SOFA | 1997-06-23 | $6,140 | $6,140 | SL | 7.000000000000 | $0 | $0 |
| 2 CHAIRS | 1997-06-23 | $5,430 | $5,430 | SL | 7.000000000000 | $0 | $0 |
| CREDENZA, 2 BOOK CASES & DESKTOP | 1997-07-03 | $11,373 | $11,373 | SL | 7.000000000000 | $0 | $0 |
| COPIER / FAX MACHINE | 2002-02-01 | $3,703 | $3,703 | SL | 5.000000000000 | $0 | $0 |
| HP TOUCHSMART 610 COMPUTER | 2011-05-05 | $12,990 | $12,990 | SL | 5.000000000000 | $0 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | NUVEEN GLOBAL H-A FD | BondNm |
| EOY Book Value | $66,184 | EOYBookValueAmt |
| EOYFMV | $66,184 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (40 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES | $109,790 | $109,790 |
| ABBVIE INC COM | $161,610 | $161,610 |
| ANNALY CAPITAL MANAGEMENT INC. | $15,810 | $15,810 |
| AVANOS MED INC | $6,765 | $6,765 |
| BLACKROCK ENH INTL DVD TR | $45,180 | $45,180 |
| BRISTOL MYERS SQUIBB CO | $287,800 | $287,800 |
| BROOKFIELD CORP NEW | $6,732 | $6,732 |
| BROOKFIELD ASSET MGMT-A | $1,520 | $1,520 |
| CARRIER GLOBAL CORP. | $82,500 | $82,500 |
| CHEMOURS CO | $18,372 | $18,372 |
| CHEVRON CORP | $358,980 | $358,980 |
| CIGNA CORP | $80,516 | $80,516 |
| CONOCOPHILLIPS | $236,000 | $236,000 |
| DARDEN RESTAURANTS INC | $138,330 | $138,330 |
| DEERE & CO | $214,380 | $214,380 |
| DOW INC | $64,600 | $64,600 |
| DUPONT DE NEMOURS INC | $41,796 | $41,796 |
| ELI LILLY AND CO | $1,463,360 | $1,463,360 |
| EXELON CORP | $43,230 | $43,230 |
| EXXON MOBIL | $110,300 | $110,300 |
| FOUR CORNERS PROPERTY TRUST | $12,939 | $12,939 |
| HEALTHPEAK PPTYS INC | $121,991 | $121,991 |
| INTL FLAVORS & FRAGRANCES | $50,638 | $50,638 |
| KELLOGG COMPANY | $142,480 | $142,480 |
| KIMBERLY CLARK CORP. | $271,500 | $271,500 |
| MERCK & CO INC | $776,650 | $776,650 |
| ORGANON & CO | $19,551 | $19,551 |
| OTIS WORLDWIDE CORP | $78,310 | $78,310 |
| PFIZER INC. | $512,400 | $512,400 |
| PROCTOR & GAMBLE CO | $151,560 | $151,560 |
| RAYTHEON TECHNOLOGIES CORP | $201,840 | $201,840 |
| SHELL PLC-ADR NEW | $113,900 | $113,900 |
| UNITI GROUP INC | $4,446 | $4,446 |
| VERIZON COMMUNICATIONS | $166,898 | $166,898 |
| VIATRIS INC | $13,801 | $13,801 |
| VOLKSWAGEN AG | $63,032 | $63,032 |
| WALGREENS BOOTS ALLIANCE INC NEW | $18,680 | $18,680 |
| WALMART INC | $283,580 | $283,580 |
| ZIMMER BIOMET HOLDINGS INC | $63,750 | $63,750 |
| ZIMVE INC NEW | $467 | $467 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BROOKFIELD PROP PFD | FMV | $2,182 | $2,182 |
| CALUMET SPECIALTY PRODS | FMV | $101,280 | $101,280 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| CONFERENCE ROOM FURNITURE | $16,299 | $16,299 | $0 |
| OFFICE FURNITURE | $5,742 | $5,742 | $0 |
| LEASEHOLD IMPROVEMENTS | $12,303 | $8,061 | $4,242 |
| AREA RUG | $8,250 | $8,250 | $0 |
| LEASEHOLD IMPROVEMENTS | $3,067 | $2,021 | $1,046 |
| LEASEHOLD IMPROVEMENTS | $22,120 | $14,506 | $7,614 |
| SOFA | $6,140 | $6,140 | $0 |
| 2 CHAIRS | $5,430 | $5,430 | $0 |
| CREDENZA, 2 BOOK CASES & DESKTOP | $11,373 | $11,373 | $0 |
| COPIER / FAX MACHINE | $3,703 | $3,703 | $0 |
| HP TOUCHSMART 610 COMPUTER | $12,990 | $12,990 | $0 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ARTWORK | Desc |
| BOY Book Value | $4,550 | BOYBookValueAmt |
| EOY Book Value | $4,550 | EOYBookValueAmt |
| EOYFMV | $4,550 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TELEPHONE | $1,524 | $381 | $1,143 |
| VOLUNTEER PARKING EXPENSE | $3,348 | $0 | $3,348 |
| INSURANCE | $570 | $570 | $0 |
| MISCELLANEOUS | $515 | $504 | $11 |
| UTILITIES | $914 | $229 | $686 |
| IT SUPPORT | $175 | $44 | $131 |
| FILING FEES | $60 | $0 | $60 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PASS THRU - CALUMET SPECIALTY PRODUCTS PARTNERS | -$6,388 | -$494 | -$6,388 |
| PASS THRU - BROOKFIELD | $241 | $241 | $241 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET CHANGE IN UNREALIZED GAIN | Desc |
| Amt | $432,663 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $793 | Amt |
| Net Investment Income | $793 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $30 | $30 | $0 |
| EXCISE TAXES | $1,856 | $0 | $1,856 |
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