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CAROL AND DAVID ADELSON FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CAROL AND DAVID ADELSON FAMILY FOUNDATION (EIN 82-3708339)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-14
IRS object ID
202521349349104147
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)
Return2025-05-14T16:32:09-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823708339EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAROL AND DAVID ADELSON FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% ZUNIS CAPITAL MANAGEMENT INCInCareOfNm
Business Name ControlCAROBusinessNameControlTxt
Phone9185249001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11924 SOUTH UTICA AVE STE 530AddressLine1Txt
CityTULSACityNm
State AbbreviationOKStateAbbreviationCd
ZIP74104ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROL M ADELSONPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone9185249001PhoneNum
Signature2025-05-14SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,867,101FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$500ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$13,575InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13,575InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$76,730DividendsRevAndExpnssAmt
Dividends Net Invst Incm$76,730DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$19,091NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$150,511GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19,091CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$109,896TotalRevAndExpnssAmt
Total Net Invst Incm$109,396TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$6,693AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,347AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$3,346AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$3,680TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3,680TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$24OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$15OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$10,397TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,036TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,361TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$173,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$173,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$183,397TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,036TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$176,361TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$73,501ExcessRevenueOverExpensesAmt
Net Investment Income$102,360NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$38,820CashBOYAmt
Cash EOY$31,000CashEOYAmt
Cash EOYFMV$31,000CashEOYFMVAmt
Acct Rcvbl BOY$1,271AcctRcvblBOYAmt
US Government Obligations BOY$312,844USGovernmentObligationsBOYAmt
US Government Obligations EOY$304,854USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$307,012USGovtObligationsEOYFMVAmt
Corporate Stock BOY$2,705,003CorporateStockBOYAmt
Corporate Stock EOY$2,648,583CorporateStockEOYAmt
Corporate Stock EOYFMV$3,529,089CorporateStockEOYFMVAmt
Total Assets BOY$3,057,938TotalAssetsBOYAmt
Total Assets EOY$2,984,437TotalAssetsEOYAmt
Total Assets EOYFMV$3,867,101TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$56,953CapitalStockBOYAmt
Capital Stock EOY$56,953CapitalStockEOYAmt
Retained Earning BOY$3,000,985RetainedEarningBOYAmt
Retained Earning EOY$2,927,484RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,057,938TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,984,437TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,057,938TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,984,437TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,057,938TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$73,501ExcessRevenueOverExpensesAmt
Subtotal$2,984,437SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,984,437TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BOSTON OMAHA CORPORATIOND2017-06-162024-11-07$68,613$56,420$12,193$12,193
US TREASURY NOTE 3.0%D2022-09-232024-07-31$75,000$75,000
CAPITAL GAIN DIVIDENDSP$6,898
CAPITAL GAIN DIVIDENDSP$6,898
FieldValueIRS element (for citing)
Capital Gain Net Income$19,091CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,423InvestmentIncomeExciseTaxAmt
Subtotal$1,423SubtotalAmt
Tax Based On Investment Income$1,423TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$10,163EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$10,163TotalPaymentsAndCreditsAmt
Overpayment$8,740OverpaymentAmt
Applied To ES Tax$8,740AppliedToESTaxAmt

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 StatePAOrgReportOrRegisterStateCd
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 Line1ZUNIS CAPITAL MANAGEMENT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9185249001PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11924 SOUTH UTICA AVE STE 530AddressLine1Txt
CityTULSACityNm
State AbbreviationOKStateAbbreviationCd
ZIP74104ZIPCd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAVID M ADELSON
1924 SOUTH UTICA AVE STE 530TULSAOK74104DIRECTOR1.0$0$0$0
CAROL M ADELSON
1924 SOUTH UTICA AVE STE 530TULSAOK74104DIRECTOR1.0$0$0$0
ANNE E ADELSON
1924 SOUTH UTICA AVE STE 530TULSAOK74104DIRECTOR1.0$0$0$0
JOSEPH H ADELSON
1924 SOUTH UTICA AVE STE 530TULSAOK74104DIRECTOR1.0$0$0$0
PETER A ADELSON
1924 SOUTH UTICA AVE STE 530TULSAOK74104DIRECTOR1.0$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$3,843,397AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$64,805AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,908,202TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,908,202AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$58,623CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,849,579NetVlNoncharitableAssetsAmt
Minimum Investment Return$192,479MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$192,479MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,423TaxBasedOnInvestmentIncomeAmt
Total Tax$1,423TotalTaxAmt
Distributable Before Adj$191,056DistributableBeforeAdjAmt
Distributable Before Ded$191,056DistributableBeforeDedAmt
Distributable As Adjusted$191,056DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$176,361ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$176,361QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$191,056DistributableAsAdjustedAmt
Undistributed Income PY$172,653UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$176,361QualifyingDistributionsAmt
Applied To Year1$172,653AppliedToYear1Amt
Applied To Current Year$3,708AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$187,348UndistributedIncomeCYAmt
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)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ALL RECIPIENTS ARE 501(c)(3) ORGS SEE ATTACHEDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHEDAddressLine1Txt
CityTULSACityNm
State AbbreviationOKStateAbbreviationCd
ZIP74104ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHMENTGrantOrContributionPurposeTxt
Amt$173,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$173,000TotalGrantOrContriPdDurYrAmt

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$13,575ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$76,730ExclusionAmt
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 IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$19,091ExclusionAmt
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$109,396ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$109,396TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$6,693Amt
Net Investment Income$3,347NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,346DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BOSTON OMAHA CORP$315,541$403,449
DFA GLOBAL REAL ESTATE SECURIT$14,280$14,512
DFA INVT DIMENSIONS GROUP INCE$222,478$238,310
DFA INVT DIMENSIONS GROUP INC$262,781$335,528
HARDING LOEVNER FDS INC INTL E$100,000$104,416
VANGUARD 500 INDEX FUND ADMIRA$207,705$336,589
VANGUARD SMALL-CAP INDEX FUND$13,621$20,946
VANGUARD SMALL-CAP VALUE INDEX$56,891$83,017
EFT SERIES DISTILLATE US FUNDA$268,857$337,781
DFA INVT DIMENSIONS GROUP INC$219,671$303,532
DFA INVT DIMENSIONS GROUP INC$128,200$169,112
VANGUARD INDEX FDS TOT STKIDX$533,524$849,698
VANGUARD REIT ETF$185,034$207,111
JPMORGAN MORTGAGE BKED SEC CL$120,000$125,088

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$304,854USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$307,012USGovtObligationsEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
ANNUAL CHARITABLE REGISTRATION$15$15
POSTAGE & DELIVERY$9$9

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUNDDesc

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES PAIDCategoryTxt
Amt$3,680Amt
Net Investment Income$3,680NetInvestmentIncomeAmt

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