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KAUL FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KAUL FOUNDATION INC (EIN 47-2028290)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-08-02
IRS object ID
202312149349100716
Schema version
2021v4.2
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)
Return2023-08-02T13:44:09-04:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593757352PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jeffrey D Walker CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13805 S Westshore BlvdAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33611ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472028290EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kaul Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAULBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13203 W Cypress StAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33607ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVictor W HolcombPersonNm
Person TitleTrusteePersonTitleTxt
Phone8132582335PhoneNum
Signature2023-04-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstVictor WPersonFirstNm
Person LastHolcombPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey WalkerPreparerPersonNm
PTINP01336991PTIN
Phone8135056908PhoneNum
Preparation2023-08-02PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,065,906FMVAssetsEOYAmt
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$2,975InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,975InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$250,975DividendsRevAndExpnssAmt
Dividends Net Invst Incm$250,975DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$577,187NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,821,033GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$577,187CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$831,137TotalRevAndExpnssAmt
Total Net Invst Incm$831,137TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$15,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$15,000CompOfcrDirTrstDsbrsChrtblAmt
Other Expenses Rev And Expnss$57,155OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$51,060OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$72,155TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$51,060TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$15,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$510,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$510,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$582,155TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$51,060TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$525,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$248,982ExcessRevenueOverExpensesAmt
Net Investment Income$780,077NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$69,023SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$185,394SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$185,394SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$5,724,487CorporateStockBOYAmt
Corporate Stock EOY$5,166,761CorporateStockEOYAmt
Corporate Stock EOYFMV$6,630,252CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,790,951CorporateBondsBOYAmt
Corporate Bonds EOY$2,493,378CorporateBondsEOYAmt
Corporate Bonds EOYFMV$2,250,260CorporateBondsEOYFMVAmt
Total Assets BOY$7,584,461TotalAssetsBOYAmt
Total Assets EOY$7,845,533TotalAssetsEOYAmt
Total Assets EOYFMV$9,065,906TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$7,584,461NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$7,845,533NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$7,584,461TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,845,533TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,584,461TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,845,533TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,584,461TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$248,982ExcessRevenueOverExpensesAmt
Other Increases$12,090OtherIncreasesAmt
Subtotal$7,845,533SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,845,533TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
Capital Gain Dist from mutual fundsP2020-11-302021-12-13$443,406$443,406$443,406
Securities see schP2019-11-302022-11-30$1,224,944$156,443$156,443$1,068,501
Securites see schP2019-11-302022-11-30$152,683-$22,662-$22,662$175,345
FieldValueIRS element (for citing)
Capital Gain Net Income$577,187CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$22,662NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$10,843InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$10,843SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$10,843TaxBasedOnInvestmentIncomeAmt
Tax Due$10,843TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
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
Individual With BooksVictor W HolcombIndividualWithBooksNm
Phone8132585835PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13203 W Cypress StAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33607ZIPCd
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
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Victor W Holcomb
3203 W Cypress StTampaFL33607Secretary30.00$0$0$0
John Holcomb
3203 W Cypress StTampaFL33607President30.00$0$0$0
William Smalley
3203 W Cypress StTampaFL33607Director Trustee5.00$7,500$0$0
William Poe
3203 W Cypress StTampaFL33607Director5.00$7,500$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$9,443,097AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$259,955AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,703,052TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$9,703,052AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$145,546CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,557,506NetVlNoncharitableAssetsAmt
Minimum Investment Return$477,875MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$477,875MinimumInvestmentReturnAmt
Tax Based On Investment Income$10,843TaxBasedOnInvestmentIncomeAmt
Total Tax$10,843TotalTaxAmt
Distributable Before Adj$467,032DistributableBeforeAdjAmt
Distributable Before Ded$467,032DistributableBeforeDedAmt
Distributable As Adjusted$467,032DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$525,000ExpensesAndContributionsAmt
Qualifying Distributions$525,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$467,032DistributableAsAdjustedAmt
Undistributed Income PY$495,532UndistributedIncomePYAmt
Qualifying Distributions$525,000QualifyingDistributionsAmt
Applied To Year1$495,532AppliedToYear1Amt
Applied To Current Year$29,468AppliedToCurrentYearAmt
Undistributed Income CY$437,564UndistributedIncomeCYAmt

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 PersonSee Schedule attachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13203 Cyress StAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33607ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipnoneRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeEducation achievment Public welfareGrantOrContributionPurposeTxt
Amt$510,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$510,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,975ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$250,975ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
Mutual Funds18$443,406
Sale of Securities18$156,443

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$853,799ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$853,799TotalIncomeProducingActyAmt

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

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

Short ExplanationShortExplanationTxt
William Smalley
Trustee Fees
William Poe
Director Fees

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondBNY SecuritiesBondNm
EOY Book Value$2,493,378EOYBookValueAmt
EOYFMV$2,250,260EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BNY Mellon$4,422,553$5,488,021
Alternative PE Funds$744,208$1,142,231

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Asset Mgmt Fees$46,109$46,109$0$0
Foreign Taxes$4,951$4,951$0$0
Federal Excise Tax$6,095$0$0$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescBook to Tax basis adjDesc
Amt$12,090Amt

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