STAR FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
STAR FAMILY FOUNDATION (EIN 46-1477949)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-05
IRS object ID
202521259349102452
Schema version
2024v5.1
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)
Return2025-05-05T16:04:03-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRIEDMAN & HUEY ASSOC LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120940 S FRANKFORT SQUARE RDAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461477949EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STAR FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JAMES A STARInCareOfNm
Business Name ControlSTARBusinessNameControlTxt
Phone3123464100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line175 STEEPLECHASE DRAddressLine1Txt
CityASPENCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81611ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES STARPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3123464100PhoneNum
Signature2025-04-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS LEWANDOWSKIPreparerPersonNm
PTINP00729456PTIN
Phone7087996800PhoneNum
Preparation2025-04-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$32,210,096FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$21,492InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21,492InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$280,629DividendsRevAndExpnssAmt
Dividends Net Invst Incm$280,629DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$872,588NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,000,831GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$872,588CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,174,709TotalRevAndExpnssAmt
Total Net Invst Incm$1,174,709TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$7,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,750AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$3,750AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$3,382OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,382OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$17,500TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$28,382TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,132TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,750TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,025,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,025,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,053,382TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,132TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,028,750TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$121,327ExcessRevenueOverExpensesAmt
Net Investment Income$1,167,577NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$328,857CashBOYAmt
Cash EOY$578,426CashEOYAmt
Cash EOYFMV$578,426CashEOYFMVAmt
Corporate Stock BOY$7,662,609CorporateStockBOYAmt
Corporate Stock EOY$7,495,907CorporateStockEOYAmt
Corporate Stock EOYFMV$30,425,516CorporateStockEOYFMVAmt
Other Investments BOY$1,206,154OtherInvestmentsBOYAmt
Other Investments EOY$1,206,154OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,206,154OtherInvestmentsEOYFMVAmt
Total Assets BOY$9,197,620TotalAssetsBOYAmt
Total Assets EOY$9,280,487TotalAssetsEOYAmt
Total Assets EOYFMV$32,210,096TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$9,197,620RetainedEarningBOYAmt
Retained Earning EOY$9,280,487RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$9,197,620TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,280,487TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$9,197,620TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,280,487TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$9,197,620TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$121,327ExcessRevenueOverExpensesAmt
Subtotal$9,318,947SubtotalAmt
Other Decreases$38,460OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,280,487TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property1994.00 SHS MASTERCARD INC - APropertyDesc
How AcquiredPHowAcquiredCd
Acquired2013-08-05AcquiredDt
Sold2024-10-31SoldDt
Gross Sales Price$1,000,831GrossSalesPriceAmt
Cost Or Other Basis$128,243CostOrOtherBasisAmt
Gain Or Loss$872,588GainOrLossAmt
Gains Minus Excess Or Losses$872,588GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$872,588CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$16,229InvestmentIncomeExciseTaxAmt
Subtotal$16,229SubtotalAmt
Tax Based On Investment Income$16,229TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$22,087EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$22,087TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$5,858OverpaymentAmt
Applied To ES Tax$5,858AppliedToESTaxAmt

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 StateCOOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JAMES A STARBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3123464100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line175 STEEPLECHASE DRAddressLine1Txt
CityASPENCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81611ZIPCd
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
JAMES A STAR
75 STEEPLECHASE DRASPENCO81611PRESIDENT/TREASURER0$0$0$0
SARA CROWN STAR
75 STEEPLECHASE DRASPENCO81611SECRETARY/DIRECTOR0$0$0$0
DAN L DREXLER
222 N LASALLE ST SUITE 2000CHICAGOIL60601DIRECTOR0$0$0$0
STEPHANIE STAR
75 STEEPLECHASE DRASPENCO81611VICE PRESIDENT/TREASURER0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$26,038,831AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$402,795AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$26,441,626TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$26,441,626AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$396,624CashDeemedCharitableAmt
Net Vl Noncharitable Assets$26,045,002NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,302,250MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,302,250MinimumInvestmentReturnAmt
Tax Based On Investment Income$16,229TaxBasedOnInvestmentIncomeAmt
Total Tax$16,229TotalTaxAmt
Distributable Before Adj$1,286,021DistributableBeforeAdjAmt
Distributable Before Ded$1,286,021DistributableBeforeDedAmt
Distributable As Adjusted$1,286,021DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,028,750ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,028,750QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,286,021DistributableAsAdjustedAmt
Undistributed Income PY$993,995UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$1,028,750QualifyingDistributionsAmt
Applied To Year1$993,995AppliedToYear1Amt
Applied To Current Year$34,755AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$1,251,266UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MAYO CLINIC
200 FIRT ST SWROCHESTERMN559050001NONEPCGENERAL PURPOSES$150,000
NORTHWESTERN UNIVERSITY
633 CLARK STEVANSTONIL602080001NONEPCGENERAL PURPOSE$50,000
HISTORIC ROYAL PALACES INC
1350 AVE OF THE AMERICAS FL2 STE 26NEW YORKNY10019NONEPCGENERAL PURPOSE$300,000
HARVARD UNIVERSITY
1033 MASSACHUSETTS AVE STE 3CAMBRIDGEMA02138NONEPCGENERAL PURPOSE$450,000
MLK COMMUNITY CENTER INC
20 DR MARCUS WHEATLAND BLVDNEWPORTRI02840NONEPCGENERAL PURPOSES$75,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,025,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,492ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$280,629ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$872,588ExclusionAmt
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$1,174,709ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,174,709TotalIncomeProducingActyAmt

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)
CategoryFRIEDMAN & HUEYCategoryTxt
Amt$7,500Amt
Net Investment Income$3,750NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,750DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JP MORGAN CHASE EQUITY$5,745,909$28,675,518
BOMBAS LLC$1,749,998$1,749,998

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemUNREALIZED APPRECIATIONCategoryOrItemTxt
Book Value$1,206,154BookValueAmt
EOYFMV$1,206,154EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescRETURN OF CAPITAL ADJUSTMENTDesc
Amt$38,460Amt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFOREIGN EXCHANGE INCOMEDesc

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryJP MORGANCategoryTxt
Amt$3,382Amt
Net Investment Income$3,382NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAX PAYMENTCategoryTxt
Amt$17,500Amt

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