THE TEN TALENT FOUNDATION LTD: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE TEN TALENT FOUNDATION LTD (EIN 39-1822359)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-12
IRS object ID
202321639349101202
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)
Return2023-06-12T13:17:11-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200503877PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SEBER TANS PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1555 W CROSSTOWN PARKWAY STE 304AddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49008ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391822359EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TEN TALENTS FOUNDATION LTDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTENTBusinessNameControlTxt
Phone2692172002PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12435 WAITE AVENUEAddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49008ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMUEL H CUPPSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2693828050PhoneNum
Signature2023-05-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMUELPersonFirstNm
Person LastCUPPSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSUSAN M VALENTINEPreparerPersonNm
PTINP01369471PTIN
Phone2693438180PhoneNum
Preparation2023-05-30PreparationDt
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$961,156FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$337InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$337InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,428DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,428DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$164,838NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$854,937GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$164,838CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$170,603TotalRevAndExpnssAmt
Total Net Invst Incm$170,603TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$750AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$750AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$2,676TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,176TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$750TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$750TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$54,176TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$750TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,750TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$116,427ExcessRevenueOverExpensesAmt
Net Investment Income$169,853NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$205,737SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$205,737SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$932,414CorporateStockBOYAmt
Corporate Stock EOY$818,104CorporateStockEOYAmt
Corporate Stock EOYFMV$755,419CorporateStockEOYFMVAmt
Total Assets BOY$932,414TotalAssetsBOYAmt
Total Assets EOY$1,023,841TotalAssetsEOYAmt
Total Assets EOYFMV$961,156TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$932,414RetainedEarningBOYAmt
Retained Earning EOY$1,023,841RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$932,414TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,023,841TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$932,414TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,023,841TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$932,414TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$116,427ExcessRevenueOverExpensesAmt
Subtotal$1,048,841SubtotalAmt
Other Decreases$25,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,023,841TotNetAstOrFundBalancesEOYAmt

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$118,741$158,217-$39,476-$39,476
PUBLICLY TRADED SECURITIESP$722,353$531,882$190,471$190,471
FieldValueIRS element (for citing)
Capital Gain Net Income$164,838CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,361InvestmentIncomeExciseTaxAmt
Subtotal$2,361SubtotalAmt
Tax Based On Investment Income$2,361TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,200EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,200TotalPaymentsAndCreditsAmt
Tax Due$161TaxDueAmt

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 StateWIOrgReportOrRegisterStateCd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
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
Individual With BooksSAMUEL H CUPPSIndividualWithBooksNm
Phone2693828050PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12435 WAITE AVENUEAddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49008ZIPCd
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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ANDREW S CUPPS
1853 N HOWE STREETCHICAGOIL60614PRESIDENT0.25$0$0$0
STEVEN DONOGHUE
1415 PARKER 665DETROITMI48214VICE-PRES0.25$0$0$0
SAMUEL H CUPPS
2435 WAITE AVENUEKALAMAZOOMI49008TREASURER0.25$0$0$0
CAROLE D CUPPS
2435 WAITE AVENUEKALAMAZOOMI49008SECRETARY0.25$0$0$0
DANIELLE CUPPS
1853 N HOWE STREETCHICAGOIL60614DIRECTOR0.25$0$0$0
LAURA DONOGHUE
1415 PARKER 665DETROITMI48214DIRECTOR0.25$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$755,419AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$145,199AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$900,618TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$900,618AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,509CashDeemedCharitableAmt
Net Vl Noncharitable Assets$887,109NetVlNoncharitableAssetsAmt
Minimum Investment Return$44,355MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$44,355MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,361TaxBasedOnInvestmentIncomeAmt
Total Tax$2,361TotalTaxAmt
Distributable Before Adj$41,994DistributableBeforeAdjAmt
Distributable Before Ded$41,994DistributableBeforeDedAmt
Distributable As Adjusted$41,994DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,750ExpensesAndContributionsAmt
Qualifying Distributions$50,750QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$41,994DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$1,647ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$1,647TotalExcessDistributionCyovAmt
Qualifying Distributions$50,750QualifyingDistributionsAmt
Applied To Current Year$41,994AppliedToCurrentYearAmt
Remaining Distri From Corpus$8,756RemainingDistriFromCorpusAmt
Total Corpus$10,403TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$10,403ExcessDistriCyovToNextYrAmt
Excess From Year2$1,647ExcessFromYear2Amt
Excess From Current Year$8,756ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxt
BOYS & GIRLS CLUB OF CHICAGO
2102 W MONROECHICAGOIL60612CHARITABLE$5,000
CHICAGO CRED
PO BOX 61239 DEPT 1173PALO ALTOCA94304CHARITABLE$2,000
CHICAGO HOPE ACADEMY
2189 WEST BOWLER STCHICAGOIL60612CHARITABLE$5,000
FRIENDS OF PAYTON
1034 N WELLS STCHICAGOIL60610CHARITABLE$5,000
GLENVIEW CLUB SCHOLARSHIP FOUNDATIO
100 GOLF RDGOLFIL60029CHARITABLE$2,000
JUNIOR ACHIEVEMENT OF SW MICHIGAN
3775 W DICKMAN RD STE CBATTLE CREEKMI49037GENERAL SUPPORT$5,000NONEPUBLIC
METRO SQUASH
6100 S COTTAGE GROVE AVECHICAGOIL60637GENERAL SUPPORT$20,000NONEPUBLIC
SPECIAL OLYMPICS
2 EAST 8TH STREETCHICAGOIL60605CHARITABLE$1,000
SUCCESS ACADEMY CHARTER SCHOOLS
95 PINE STNEW YORKNY10005CHARITABLE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$337ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,428ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$164,838ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$170,603ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$170,603TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,500Amt
Net Investment Income$750NetInvestmentIncomeAmt
Disbursements Charitable Prps$750DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCK INVESTMENTSStockNm
EOY Book Value$818,104EOYBookValueAmt
EOYFMV$755,419EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCORRECT COST TO ACTUALDesc
Amt$25,000Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc
EXPENSES
NATIONAL REGISTERED AGENTS-WI
STATE FILING FEES-MI

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$2,676Amt

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