PEAK6 FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
PEAK6 FOUNDATION (EIN 86-2586217)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-26
IRS object ID
202301779349100660
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)
Return2023-06-26T11:52:09-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Andersen Tax LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line171 South Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN862586217EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PEAK6 FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% KEVIN BATSONInCareOfNm
Business Name ControlPEAKBusinessNameControlTxt
Phone3124448000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1141 W JACKSON BLVD Suite STE 500AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606043108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personkevin batsonPersonNm
Person Titlevp of taxPersonTitleTxt
Phone3124448000PhoneNum
Signature2023-06-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstkevinPersonFirstNm
Person LastbatsonPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Form8822 B AttachedYes (X)Form8822BAttachedInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer Personkristen bolinPreparerPersonNm
PTINP01990729PTIN
Phone3123573950PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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$2,393,499FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,620,495ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$77,774NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,347,666GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,146,711CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,698,269TotalRevAndExpnssAmt
Total Net Invst Incm$1,146,711TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,000OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,000OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$61,850OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$61,850OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$63,850TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$63,850TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$298,920ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$298,920ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$362,770TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$63,850TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$298,920TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,335,499ExcessRevenueOverExpensesAmt
Net Investment Income$1,082,861NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$0CashBOYAmt
Cash EOY$2,393,499CashEOYAmt
Cash EOYFMV$2,393,499CashEOYFMVAmt
Total Assets BOY$0TotalAssetsBOYAmt
Total Assets EOY$2,393,499TotalAssetsEOYAmt
Total Assets EOYFMV$2,393,499TotalAssetsEOYFMVAmt
Mortgages And Notes Payable BOY$0MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY$56,000MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$2,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$58,000TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$0RetainedEarningBOYAmt
Retained Earning EOY$2,335,499RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$0TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,335,499TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,393,499TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$0TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,335,499ExcessRevenueOverExpensesAmt
Subtotal$2,335,499SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,335,499TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyROBINHOOD MARKETS INC 209,593 SHS CLASS A COMMON STOCKPropertyDesc
Sold2022-10-27SoldDt
Gross Sales Price$2,347,666GrossSalesPriceAmt
Cost Or Other Basis$1,200,955CostOrOtherBasisAmt
Gain Or Loss$1,146,711GainOrLossAmt
Gains Minus Excess Or Losses$1,146,711GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$1,146,711CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$15,052InvestmentIncomeExciseTaxAmt
Subtotal$15,052SubtotalAmt
Tax Based On Investment Income$15,052TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$16,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$16,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$430EsPenaltyAmt
Overpayment$518OverpaymentAmt
Applied To ES Tax$518AppliedToESTaxAmt

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
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1KEVIN BATSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124448000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1141 W JACKSON BLVD SUITE 500AddressLine1Txt
CitychicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60604ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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
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
MATTHEW HULSIZER
141 W JACKSON BLVD SUITE STE 500CHICAGOIL606043108Director0$0$0$0
JENNIFER JUST
141 W JACKSON BLVD SUITE STE 500CHICAGOIL606043108Director0$0$0$0
Jay Coppletta
141 W JACKSON BLVD SUITE STE 500CHICAGOIL606043108VICE PRESIDENT0$0$0$0
Judi Hart
141 W JACKSON BLVD SUITE STE 500CHICAGOIL606043108PRESIDENT0$0$0$0
James Baboulas
141 W JACKSON BLVD SUITE STE 500CHICAGOIL606043108VICE PRESIDENT0$0$0$0
Kevin Batson
141 W JACKSON BLVD SUITE STE 500CHICAGOIL606043108VICE PRESIDENT0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$502,810AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$502,810TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$502,810AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,542CashDeemedCharitableAmt
Net Vl Noncharitable Assets$495,268NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,763MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,763MinimumInvestmentReturnAmt
Tax Based On Investment Income$15,052TaxBasedOnInvestmentIncomeAmt
Total Tax$15,052TotalTaxAmt
Distributable Before Adj$9,711DistributableBeforeAdjAmt
Distributable Before Ded$9,711DistributableBeforeDedAmt
Distributable As Adjusted$9,711DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$298,920ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$298,920QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,711DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$298,920QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$9,711AppliedToCurrentYearAmt
Remaining Distri From Corpus$289,209RemainingDistriFromCorpusAmt
Total Corpus$289,209TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$289,209ExcessDistriCyovToNextYrAmt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$289,209ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
World Central Kitchen
200 Massachusetts Ave NW7th FloorWashingtonDC20001PCGENERAL OPERATING SUPPORT$285,000
Invstr Foundation Inc
1707 Post Oak Blvd 295HoustonTX77056PCGENERAL OPERATING SUPPORT$8,000
Action for Children
PC50 NEW BACKPACKS$56710 Heron RoadBelfastUKBT3 9LE
Children of Promise NYC
1842 Webster AvenueBRONXNY10457PC102 NEW BACKPACKS$1,157
Kids In Distress Inc
819 Northeast 26th StreetFort LauderdaleFL33305PC70 NEW BACKPACKS$794
Crown Community Academy of Fine Arts
2128 South Saint Louis AveChicagoIL60623PC150 NEW BACKPACKS$1,701
For Oak Cliff
907 E Ledbetter DrDallasTX75216PC100 NEW BACKPACKS$1,134
Arlington Middle School
8141 Lone Star RdJacksonvilleFL32211PC50 NEW BACKPACKS$567
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$298,920TotalGrantOrContriPdDurYrAmt

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 DtlDividendsAndInterestFromSecDtl
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$1,146,711ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,146,711ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,146,711TotalIncomeProducingActyAmt

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 (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
PEAK6 Group LLC
1141 W JACKSON BLVD STE 500CHICAGOIL606043108$50,000Yes (X)
PEAK6 Investments LLC
2141 W JACKSON BLVD STE 500CHICAGOIL606043108$2,564,893Yes (X)Yes (X)
American International Group Inc
3175 Water StNEW YORKNY10038$5,602Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor2ContributorNum
Noncash PropertyROBINHOOD MARKETS INC 209,593 SHS CLASS A COMMON STOCKNoncashPropertyDesc
Fair Market Value$2,269,892FairMarketValueAmt
Received2022-10-26ReceivedDt

Depreciation Schedule DepreciationSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescCONTRACTORSDesc
Revenue And Expenses Per Books$61,850RevenueAndExpensesPerBooksAmt
Net Investment Income$61,850NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescACCRUED TAX PROVIDER EXPENSEDesc
BOY Book Value$0BOYBookValueAmt
EOY Book Value$2,000EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEESCategoryTxt
Amt$2,000Amt
Net Investment Income$2,000NetInvestmentIncomeAmt

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