ANCONA FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ANCONA FAMILY FOUNDATION (EIN 46-1606217)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202303199349110175
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)
Return2023-11-15T20:13:29-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN943313644PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Chu and Waters LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1595 Market Street Suite 2350AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461606217EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Ancona Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlANCOBusinessNameControlTxt
Phone8475646287PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1199 North Green Bay RoadAddressLine1Txt
CityLake ForestCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEdgar AnconaPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstEdgarPersonFirstNm
Person LastAnconaPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAnthony T LiangPreparerPersonNm
PTINP00845266PTIN
Phone4157819900PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$579,606FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$110,069ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$11,830DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,830DividendsNetInvstIncmAmt
Dividends Adj Net Incm$11,830DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,105NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$19,650GrossSalesPriceAmt
Total Rev And Expnss$119,795TotalRevAndExpnssAmt
Total Net Invst Incm$11,831TotalNetInvstIncmAmt
Total Adj Net Incm$11,831TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$2,777OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,777OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$174TaxesRevAndExpnssAmt
Taxes Net Invst Incm$174TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,951TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,951TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$38,125ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$38,125ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,076TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,951TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$38,125TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$78,719ExcessRevenueOverExpensesAmt
Net Investment Income$8,880NetInvestmentIncomeAmt
Adjusted Net Income$11,831AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$117,246CashBOYAmt
Cash EOY$105,382CashEOYAmt
Cash EOYFMV$105,382CashEOYFMVAmt
Corporate Stock BOY$249,297CorporateStockBOYAmt
Corporate Stock EOY$272,517CorporateStockEOYAmt
Corporate Stock EOYFMV$320,082CorporateStockEOYFMVAmt
Corporate Bonds BOY$53,822CorporateBondsBOYAmt
Corporate Bonds EOY$95,486CorporateBondsEOYAmt
Corporate Bonds EOYFMV$86,476CorporateBondsEOYFMVAmt
Other Investments BOY$35,390OtherInvestmentsBOYAmt
Other Investments EOY$61,089OtherInvestmentsEOYAmt
Other Investments EOYFMV$67,666OtherInvestmentsEOYFMVAmt
Total Assets BOY$455,755TotalAssetsBOYAmt
Total Assets EOY$534,474TotalAssetsEOYAmt
Total Assets EOYFMV$579,606TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$455,755NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$534,474NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$455,755TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$534,474TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$455,755TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$534,474TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$455,755TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$78,719ExcessRevenueOverExpensesAmt
Subtotal$534,474SubtotalAmt
Tot Net Ast Or Fund Balances EOY$534,474TotNetAstOrFundBalancesEOYAmt

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 DistributionsP2022-01-012022-12-31$3,182$3,182$3,182
Norther Trust SL - 73997P2022-01-012022-12-31$3,937-$765-$765$4,702
Norther Trust LT - 73997P2022-01-012022-12-31$12,531-$4,522-$4,522$17,053
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,105CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$2,105NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$123InvestmentIncomeExciseTaxAmt
Subtotal$123SubtotalAmt
Tax Based On Investment Income$123TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,677EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$2,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$4,677TotalPaymentsAndCreditsAmt
Overpayment$4,554OverpaymentAmt
Applied To ES Tax$4,554AppliedToESTaxAmt

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
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Edgar AnconaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8472958154PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1199 North Green Bay RoadAddressLine1Txt
CityLake ForrestCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Edgar Ancona
199 N Green Bay RoadLake ForrestIL60045Director1.00$0
Nora Ancona
199 N Green Bay RoadLake ForrestIL60045Director1.00$0
John Ancona
31 Black Birch LaneScarsdaleNY10583Director1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$475,207AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$109,834AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$585,041TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$585,041AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,776CashDeemedCharitableAmt
Net Vl Noncharitable Assets$576,265NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,813MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,813MinimumInvestmentReturnAmt
Tax Based On Investment Income$123TaxBasedOnInvestmentIncomeAmt
Total Tax$123TotalTaxAmt
Distributable Before Adj$28,690DistributableBeforeAdjAmt
Distributable Before Ded$28,690DistributableBeforeDedAmt
Distributable As Adjusted$28,690DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$38,125ExpensesAndContributionsAmt
Qualifying Distributions$38,125QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,690DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,498ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$524,733ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$30,196ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$21,261ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$22,148ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$604,836TotalExcessDistributionCyovAmt
Qualifying Distributions$38,125QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,690AppliedToCurrentYearAmt
Remaining Distri From Corpus$9,435RemainingDistriFromCorpusAmt
Total Corpus$614,271TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,498ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$607,773ExcessDistriCyovToNextYrAmt
Excess From Year4$524,733ExcessFromYear4Amt
Excess From Year3$30,196ExcessFromYear3Amt
Excess From Year2$21,261ExcessFromYear2Amt
Excess From Year1$22,148ExcessFromYear1Amt
Excess From Current Year$9,435ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEdgar AnconaContributingManagerNm
Contributing ManagerJohn AnconaContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Amherst Fund
PO Box 5000AmherstMA01002NONEPCGrant to Public Charity$3,000
Junior League of Chicago
1447 N Astor StreetChicagoIL60610NONEPCGrant to Public Charity$685
Nantucket Atheneum
1 India StreetNantucketMA02554NONEPCGrant to Public Charity$1,500
Nantucket Preservation Trust
55 Main StreetNantucketMA02554NONEPCGrant to Public Charity$1,500
Univ of Chicago Booth School of Bus
5807 South Woodlawn AvenueChicagoIL60637NONEPCGrant to Public University$5,000
Northern Illinois Food Bank
273 Dearborn CourtGenevaIL60134NONEPCGrant to Public Charity$1,000
Lake Forest Open Lands Assoc
350 North Waukegan RoadLake ForestIL60045NONEPCGrant to Public Charity$200
Rensselaer Polytechnic Institute
110 8th StreetTroyNY12180NONEPCGrant to Public Charity$10,000
American Friends of LSE
424 West 33rd Street Suite 280New YorkNY10001NONEPCGrant to Public Charity$4,000
Greenwich Academy
200 N Maple AvenueGreenwichCT06830NONEPCGrant to Educational Institution$400
Friends of Nantucket Public Schools
10 Surfside RoadNantucketMA02554NONEPCGrant to Public Charity$300
Nantucket Cottage Hospital
57 Prospect StreetNantucketMA02554NONEPCGeneral Operating Purposes.$5,000
Nantucket Garden Club
PO Box 627NantucketMA02554NONEPCCommunity organization that supports schools and education.$140
Society for the Relief of Women and
230 W 41st StNew YorkNY10036NONEPCGrant to Public Charity$100
Egan Maritime
PO Box 2923NantucketMA02584NONEPCGrant to Public Charity$700
Be the Match
PO Box 1450MinneapollsMN55485NONEPCGrant to Public Charity$500
York College Foundation
94 - 20 Guy R Brewer BlvdJamaicaNY11451NONEPCGrant to Public University$4,000
Alzheimer's Association
225 N Michigan Ave FL 17ChicagoIL60601NONEPCGeneral Operating Purposes.$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$38,125TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,830ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$2,105ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,726ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,726TotalIncomeProducingActyAmt

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

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryAdvisor FeesCategoryTxt
Amt$2,777Amt
Net Investment Income$2,777NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign Tax PaidCategoryTxt
Amt$174Amt
Net Investment Income$174NetInvestmentIncomeAmt

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