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TED AND ROWENA CROSBIE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
TED AND ROWENA CROSBIE FOUNDATION (EIN 81-4726692)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-09-12
IRS object ID
202322559349100532
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)
Return2023-09-12T13:59:22-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421104473PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MHCS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11601 W LAKES PKWY STE 300AddressLine1Txt
CityWEST DES MOINESCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50266ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814726692EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TED & ROWENA CROSBIE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTED&BusinessNameControlTxt
Phone5159719077PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROWENA CROSBIEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5159719077PhoneNum
Signature2023-06-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROWENAPersonFirstNm
Person LastCROSBIEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCARSON MESSENGER CPAPreparerPersonNm
PTINP01887999PTIN
Phone5152883279PhoneNum
Preparation2023-06-21PreparationDt
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$1,359,107FMVAssetsEOYAmt
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$84InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$84InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$36,664DividendsRevAndExpnssAmt
Dividends Net Invst Incm$36,664DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$23NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$16,129GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$23CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$36,771TotalRevAndExpnssAmt
Total Net Invst Incm$36,771TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$6CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,420AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,210AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,210AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$15,898OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$15,898OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$610TaxesRevAndExpnssAmt
Taxes Net Invst Incm$610TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$18,934TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,718TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,210TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$91,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$91,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$110,434TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,718TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$92,710TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$73,663ExcessRevenueOverExpensesAmt
Net Investment Income$19,053NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$99,257SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$41,040SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$41,040SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$961,626CorporateStockBOYAmt
Corporate Stock EOY$956,449CorporateStockEOYAmt
Corporate Stock EOYFMV$1,216,416CorporateStockEOYFMVAmt
Corporate Bonds BOY$116,255CorporateBondsBOYAmt
Corporate Bonds EOY$105,986CorporateBondsEOYAmt
Corporate Bonds EOYFMV$101,651CorporateBondsEOYFMVAmt
Total Assets BOY$1,177,138TotalAssetsBOYAmt
Total Assets EOY$1,103,475TotalAssetsEOYAmt
Total Assets EOYFMV$1,359,107TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,177,138RetainedEarningBOYAmt
Retained Earning EOY$1,103,475RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,177,138TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,103,475TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,177,138TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,103,475TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,177,138TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$73,663ExcessRevenueOverExpensesAmt
Subtotal$1,103,475SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,103,475TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SCHWAB STP2022-01-012022-12-31$6,102$6,621-$519-$519
SCHWAB LTP2021-01-012022-12-31$9,680$9,485$195$195
FieldValueIRS element (for citing)
Capital Gain Net Income$23CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$265InvestmentIncomeExciseTaxAmt
Subtotal$265SubtotalAmt
Tax Based On Investment Income$265TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$520EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$520TotalPaymentsAndCreditsAmt
Overpayment$255OverpaymentAmt
Applied To ES Tax$255AppliedToESTaxAmt

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 StateIAOrgReportOrRegisterStateCd
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 BooksROWENA CROSBIEIndividualWithBooksNm
Phone5159719077PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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)
PersonROWENA CROSBIEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$6CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$1,472,325AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$70,149AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,542,474TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,542,474AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$23,137CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,519,337NetVlNoncharitableAssetsAmt
Minimum Investment Return$75,967MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$75,967MinimumInvestmentReturnAmt
Tax Based On Investment Income$265TaxBasedOnInvestmentIncomeAmt
Total Tax$265TotalTaxAmt
Distributable Before Adj$75,702DistributableBeforeAdjAmt
Distributable Before Ded$75,702DistributableBeforeDedAmt
Distributable As Adjusted$75,702DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$92,710ExpensesAndContributionsAmt
Qualifying Distributions$92,710QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$75,702DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$30,053ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$30,053TotalExcessDistributionCyovAmt
Qualifying Distributions$92,710QualifyingDistributionsAmt
Applied To Current Year$75,702AppliedToCurrentYearAmt
Remaining Distri From Corpus$17,008RemainingDistriFromCorpusAmt
Total Corpus$47,061TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$47,061ExcessDistriCyovToNextYrAmt
Excess From Year1$30,053ExcessFromYear1Amt
Excess From Current Year$17,008ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
WORLD FOOD PRIZE FOUNDATION
100 LOCUST STREETDES MOINESIA50309501C3EDUCATION$30,000
CHRYSALIS FOUNDATION
1248 8TH STREET SUITE 101WEST DES MOINESIA50265501C3SUPPORT$5,000
VARIETY - THE CHILDREN'S CHARITY OF
505 5TH AVENUE SUITE 310DES MOINESIA50309501C3SUPPORT$10,000IOWA
GIRL SCOUTS OF GREATER IOWA
10715 HICKMAN ROADURBANDALEIA503223733501C3EDUCATION$1,000
URBAN DREAMS
601 FOREST AVENUEDES MOINESIA50314501C3SUPPORT$10,000
PUPPY JAKE FOUNDATION
3101 104TH STREET 2URBANDALEIA50322501C3SUPPORT$1,000
GREAT OUTDOORS FOUNDATION
501 SW 7TH STREET STE GDES MOINESIA50309501C3SUPPORT$5,000
OBESITY AWARENESS IN ACTION
1151 EAGLE DR 177LOVELANDCO80537501C3SUPPORT$5,000
YSS
PO BOX 1628AMESIA50010501C3SUPPORT$5,000
CIVIC MUSIC ASSOCIATION
900 KEOSAUQUA WAY STE 113DES MOINESIA50309501C3SUPPORT$1,000
GOLF CHARITABLE FOUND OF GREATER DM
PO BOX 93905DES MOINESIA50393501C3SUPPORT$10,000
GREATER DM HABITAT FOR HUMANITY
2200 E EUCLID AVEDES MOINESIA50317501C3SUPPORT$5,000
GRAND VIEW UNIVERSITY
1200 GRANDVIEW AVENUEDES MOINESIA50316501C3EDUCATION$2,500
WHITEROCK CONSERVANCY
1436 HIGHWAY 141COON RAPIDSIA50058501C3SUPPORT$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$91,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$84ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$36,664ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$36,771ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,771TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,420Amt
Net Investment Income$1,210NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,210DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondBONDSBondNm
EOY Book Value$105,986EOYBookValueAmt
EOYFMV$101,651EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKSStockNm
EOY Book Value$956,449EOYBookValueAmt
EOYFMV$1,216,416EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$15,898Amt
Net Investment Income$15,898NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$610Amt
Net Investment Income$610NetInvestmentIncomeAmt

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