RUTH KERN FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
RUTH KERN FOUNDATION (EIN 27-2898229)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-25
IRS object ID
202321159349101132
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)
Return2023-04-25T16:21:50-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954440887PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KRAMER ACCOUNTANCY CORPORATIONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11861 N TOPANGA CANYON BLVD STE HAddressLine1Txt
CityTOPANGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90290ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN272898229EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUTH KERN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRUTHBusinessNameControlTxt
Phone2134893222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18225 CHAPIN LANEAddressLine1Txt
CitySUNLANDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91040ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL KENNEYPersonNm
Person TitleTrusteePersonTitleTxt
Signature2023-04-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANIELPersonFirstNm
Person LastKENNEYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRonald A Kramer CPAPreparerPersonNm
PTINP00000117PTIN
Phone3104559300PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$2,216,024FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$59,705DividendsRevAndExpnssAmt
Dividends Net Invst Incm$59,705DividendsNetInvstIncmAmt
Dividends Adj Net Incm$59,705DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$41,215NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$58,368GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$41,215CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$100,920TotalRevAndExpnssAmt
Total Net Invst Incm$100,920TotalNetInvstIncmAmt
Total Adj Net Incm$59,705TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$18,777CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$9,388CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$9,389CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$14,348LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$7,174LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$7,174LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$625AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$625AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$5,143OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$5,143OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$39,518TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,187TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$22,331TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$139,518TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,187TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$122,331TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$38,598ExcessRevenueOverExpensesAmt
Net Investment Income$83,733NetInvestmentIncomeAmt
Adjusted Net Income$59,705AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$599,845OtherInvestmentsBOYAmt
Other Investments EOY$561,247OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,216,024OtherInvestmentsEOYFMVAmt
Total Assets BOY$599,845TotalAssetsBOYAmt
Total Assets EOY$561,247TotalAssetsEOYAmt
Total Assets EOYFMV$2,216,024TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$599,845CapitalStockBOYAmt
Capital Stock EOY$561,247CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$599,845TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$561,247TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$599,845TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$561,247TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$599,845TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$38,598ExcessRevenueOverExpensesAmt
Subtotal$561,247SubtotalAmt
Tot Net Ast Or Fund Balances EOY$561,247TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
.599 DISCOVERYP2001-01-012022-04-11$16$12$4$4
100 CATERPILLARP2001-01-012022-12-22$22,725$5,856$16,869$16,869
100 CHEVRONP2001-01-012022-12-22$16,411$4,845$11,566$11,566
50 PFIZERP2001-01-012022-12-22$2,483$872$1,611$1,611
130 VIATRIS INCP2001-01-012022-12-22$1,338$1,084$254$254
100 WALMARTP2001-01-012022-12-22$13,863$449$13,414$13,414
176 WARNER BROSP2001-01-012022-12-22$1,532$4,035-$2,503-$2,503
FieldValueIRS element (for citing)
Capital Gain Net Income$41,215CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,164InvestmentIncomeExciseTaxAmt
Subtotal$1,164SubtotalAmt
Tax Based On Investment Income$1,164TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$32EsPenaltyAmt
Tax Due$1,196TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 Line1DANIEL KENNEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2134893222PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18225 CHAPIN LANEAddressLine1Txt
CitySUNLANDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91040ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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

FieldValueIRS element (for citing)
PersonDANIEL KENNEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1535 N BRAND BLVD STE 800AddressLine1Txt
CityGLENDALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP91203ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,311,619AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,311,619TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,311,619AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$34,674CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,276,945NetVlNoncharitableAssetsAmt
Minimum Investment Return$113,847MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$113,847MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,164TaxBasedOnInvestmentIncomeAmt
Total Tax$1,164TotalTaxAmt
Distributable Before Adj$112,683DistributableBeforeAdjAmt
Distributable Before Ded$112,683DistributableBeforeDedAmt
Distributable As Adjusted$112,683DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$122,331ExpensesAndContributionsAmt
Qualifying Distributions$122,331QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$112,683DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$163,733ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$163,733TotalExcessDistributionCyovAmt
Qualifying Distributions$122,331QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$112,683AppliedToCurrentYearAmt
Remaining Distri From Corpus$9,648RemainingDistriFromCorpusAmt
Total Corpus$173,381TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$173,381ExcessDistriCyovToNextYrAmt
Excess From Year1$163,733ExcessFromYear1Amt
Excess From Current Year$9,648ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSAN DIEGO COUNTY CITIZENS SCHOLARSHRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7484AddressLine1Txt
CitySAN DIEGOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92167ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501c3RecipientFoundationStatusTxt
Grant Or Contribution PurposeScholarship GrantGrantOrContributionPurposeTxt
Amt$100,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$59,705RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$41,215RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescUS TREASURY REFUNDDesc

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$100,920RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$100,920TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$1,250Amt
Net Investment Income$625NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$625DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryHARRINGTON FOXX DUBROW & CANTERCategoryTxt
Legal Fees$14,348LegalFeesAmt
Net Investment Income$7,174NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$7,174DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISCELLANEOUS$52$52
TRUSTEE BOND$5,091$5,091

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