RICHARD DESICH FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
RICHARD DESICH FOUNDATION (EIN 26-4308958)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-14
IRS object ID
202521349349101932
Schema version
2024v5.0
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)
Return2025-05-14T14:00:48-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341753699PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RADACHI AND COMPANY CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 EQUITY WAY SUITE 110AddressLine1Txt
CityWESTLAKECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44145ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264308958EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DESICH FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDESIBusinessNameControlTxt
Phone4402925214PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 EQUITY WAYAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44145ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD DESICHPersonNm
Person TitlePRES., DIR. SECPersonTitleTxt
Phone4402925214PhoneNum
Signature2025-05-12SignatureDt
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 PersonRICHARD R RADACHIPreparerPersonNm
PTINP01350286PTIN
Phone4403653115PhoneNum
Preparation2025-05-14PreparationDt
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$8,255,597FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$139,907ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$17,175InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$17,175InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$17,175InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$124,060OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$124,060OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$281,142TotalRevAndExpnssAmt
Total Net Invst Incm$17,175TotalNetInvstIncmAmt
Total Adj Net Incm$141,235TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$4,599AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$4,599AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$3,343TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3,343TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$684,216OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$8,024OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$692,158TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,343TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,623TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$737,158TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,343TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$57,623TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$456,016ExcessRevenueOverExpensesAmt
Net Investment Income$13,832NetInvestmentIncomeAmt
Adjusted Net Income$141,235AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$1CashEOYAmt
Sav And Temp Cash Invst BOY$218,297SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,347SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,347SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$8,460,675OtherInvestmentsBOYAmt
Other Investments EOY$8,246,250OtherInvestmentsEOYAmt
Other Investments EOYFMV$8,249,250OtherInvestmentsEOYFMVAmt
Total Assets BOY$8,678,972TotalAssetsBOYAmt
Total Assets EOY$8,252,598TotalAssetsEOYAmt
Total Assets EOYFMV$8,255,597TotalAssetsEOYFMVAmt
Other Liabilities EOY$29,642OtherLiabilitiesEOYAmt
Total Liabilities EOY$29,642TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$8,678,972NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$8,222,956NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$8,678,972TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,222,956TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,678,972TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,252,598TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,678,972TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$456,016ExcessRevenueOverExpensesAmt
Subtotal$8,222,956SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,222,956TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$192InvestmentIncomeExciseTaxAmt
Subtotal$192SubtotalAmt
Tax Based On Investment Income$192TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,300EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,300TotalPaymentsAndCreditsAmt
Overpayment$3,108OverpaymentAmt
Applied To ES Tax$3,108AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksRICHARD DESICHIndividualWithBooksNm
Phone4402925214PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11 EQUITY WAYAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44145ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JEFFREY A DESICH
1 EQUITY WAYWESTLAKEOH44145V.P.000.00$0$0$0
RICHARD DESICH
1 EQUITY WAYWESTLAKEOH44145PRES., DIR.000.00$0$0$0
RICHARD A DESICH
1 EQUITY WAYWESTLAKEOH44145V.P.000.00$0$0$0
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$387,423AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$7,916,935FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,304,358TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,304,358AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$124,565CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,179,793NetVlNoncharitableAssetsAmt
Minimum Investment Return$408,990MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$408,990MinimumInvestmentReturnAmt
Tax Based On Investment Income$192TaxBasedOnInvestmentIncomeAmt
Total Tax$192TotalTaxAmt
Distributable Before Adj$408,798DistributableBeforeAdjAmt
Distributable Before Ded$408,798DistributableBeforeDedAmt
Distributable As Adjusted$408,798DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$57,623ExpensesAndContributionsAmt
Qualifying Distributions$57,623QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$408,798DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$401,740ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$390,975ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$837,613ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$1,630,328TotalExcessDistributionCyovAmt
Qualifying Distributions$57,623QualifyingDistributionsAmt
Applied To Current Year$57,623AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$351,175ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$351,175ExcessDistributionCyovAppCYAmt
Total Corpus$1,279,153TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$50,565ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,228,588ExcessDistriCyovToNextYrAmt
Excess From Year4$390,975ExcessFromYear4Amt
Excess From Year3$837,613ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRICHARD DESICHContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SUNDANCE INSTITUTE
P O BOX 684429PARK CITYUT84068SUNDANCE INSTITUTE CONTRIBUTION$25,000
CULVER EDUCATIONAL FOUNDATION
1300 ACADEMY ROADCULVERIN46511CULVERY ACADEMY CONTRIBUTION$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,175ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescTT FAMILY 181 W JOHNSON LLDesc
Related Or Exempt Function Incm$124,060RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$17,175ExclusionAmt
Related Or Exempt Function Incm$124,060RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$141,235TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonRICHARD DESICHContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1200 DORADO BEACH DRAddressLine1Txt
Address Line2APT 3632AddressLine2Txt
CityDORADOCityNm
State AbbreviationPRStateAbbreviationCd
ZIP00646ZIPCd
FieldValueIRS element (for citing)
Total Contributions$139,907TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$4,599Amt
Disbursements Charitable Prps$4,599DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
PACIFIC LIFE - POLICY VF5191FMV$3,669,984$3,669,984
TT FAMILY 1891 W JOHNSON LLCAT COST$4,576,266$4,579,266

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
ADMINISTRATIVE FEES$7,999$7,999
LIFE INSURANCE PREMIUM$676,192
TRUST OR CUSTODY FEE$25$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTT FAMILY 181 W JOHNSON LLCDesc
Revenue And Expenses Per Books$124,060RevenueAndExpensesPerBooksAmt
Adjusted Net Income$124,060AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescRELATED PARTY - UNITED BANCDesc
EOY Book Value$29,642EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$3,343Amt
Net Investment Income$3,343NetInvestmentIncomeAmt

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