GOOD PART FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GOOD PART FOUNDATION (EIN 38-3558047)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-13
IRS object ID
202323179349104017
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)
Return2023-11-13T18:33:20-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN383012365PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WILKIE & ASSOCIATES CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1300 E LONG LAKE ROAD SUITE 138AddressLine1Txt
CityBLOOMFIELD HILLSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48304ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN383558047EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GOOD PART FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGOODBusinessNameControlTxt
Phone7349839042PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14975 RIDGE CREEK LANEAddressLine1Txt
CityANN ARBORCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAEL BRYANTPersonNm
Person TitlePRES/SEC/TREAS/DIRPersonTitleTxt
Phone7349839042PhoneNum
Signature2023-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL A WILKIEPreparerPersonNm
PTINP00082046PTIN
Phone2483350677PhoneNum
Preparation2023-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,755,360FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$638,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$239InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$239InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$60,400DividendsRevAndExpnssAmt
Dividends Net Invst Incm$60,400DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$164,688NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,292,133GrossSalesPriceAmt
Total Rev And Expnss$533,951TotalRevAndExpnssAmt
Total Net Invst Incm$60,639TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$480LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,300AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$7,653OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,653OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$10,728TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,053TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$21,161TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$8,706TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$23,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$23,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,161TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$8,706TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$23,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$489,790ExcessRevenueOverExpensesAmt
Net Investment Income$51,933NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$65,950SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$161,781SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$161,781SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,194,566CorporateStockBOYAmt
Corporate Stock EOY$2,593,579CorporateStockEOYAmt
Corporate Stock EOYFMV$2,593,579CorporateStockEOYFMVAmt
Corporate Bonds BOY$217,375CorporateBondsBOYAmt
Total Assets BOY$2,477,891TotalAssetsBOYAmt
Total Assets EOY$2,755,360TotalAssetsEOYAmt
Total Assets EOYFMV$2,755,360TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,477,891RetainedEarningBOYAmt
Retained Earning EOY$2,755,360RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,477,891TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,755,360TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,477,891TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,755,360TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,477,891TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$489,790ExcessRevenueOverExpensesAmt
Other Increases$660OtherIncreasesAmt
Subtotal$2,968,341SubtotalAmt
Other Decreases$212,981OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,755,360TotNetAstOrFundBalancesEOYAmt

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
SCHWAB ST GAINS/LOSSESP2021-09-302022-06-09$55,650$60,005-$4,355-$4,355
SCHWAB LT GAINS/LOSSESP2021-01-132022-06-09$6,762$9,293-$2,531-$2,531
STIFEL ST GAINS/LOSSESP2021-03-152022-03-08$2,145,458$2,322,576-$177,118-$177,118
STIFEL LT GAINS/LOSSESP2020-10-052022-03-08$83,615$64,947$18,668$18,668
FieldValueIRS element (for citing)
Capital Gain Net Income-$164,688CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$722InvestmentIncomeExciseTaxAmt
Subtotal$722SubtotalAmt
Tax Based On Investment Income$722TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,970EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,970TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$11EsPenaltyAmt
Overpayment$4,237OverpaymentAmt
Applied To ES Tax$4,237AppliedToESTaxAmt

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 StateMIOrgReportOrRegisterStateCd
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 BooksLAEL BRYANTIndividualWithBooksNm
Phone7349839042PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14975 RIDGE CREEK LANEAddressLine1Txt
CityANN ARBORCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48105ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BARTON B BRYANT
7500 BROOKVILLE RDPLYMOUTHMI48170DIRECTOR2.00$0$0$0
LORRRAINE A BRYANT
7500 BROOKVILLE RDPLYMOUTHMI48170DIRECTOR2.00$0$0$0
LAEL BRYANT
4975 RIDGE CREEK LANEANN ARBORMI48105PRES/SEC/TRE4.00$0$0$0
AMY BRYANT
4975 RIDGE CREEK LANEANN ARBORMI48105DIRECTOR2.00$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$2,180,397AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$321,588AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,501,985TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,501,985AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$37,530CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,464,455NetVlNoncharitableAssetsAmt
Minimum Investment Return$123,223MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$123,223MinimumInvestmentReturnAmt
Tax Based On Investment Income$722TaxBasedOnInvestmentIncomeAmt
Total Tax$722TotalTaxAmt
Distributable Before Adj$122,501DistributableBeforeAdjAmt
Distributable Before Ded$122,501DistributableBeforeDedAmt
Distributable As Adjusted$122,501DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$23,000ExpensesAndContributionsAmt
Qualifying Distributions$23,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$122,501DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$759,297ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$370,032ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$1,992,308ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,121,637TotalExcessDistributionCyovAmt
Qualifying Distributions$23,000QualifyingDistributionsAmt
Applied To Current Year$23,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$99,501ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$99,501ExcessDistributionCyovAppCYAmt
Total Corpus$3,022,136TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$659,796ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,362,340ExcessDistriCyovToNextYrAmt
Excess From Year4$370,032ExcessFromYear4Amt
Excess From Year1$1,992,308ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
REDEEMER CHURCH
611 1/2 WILLIAM STANN ARBORMI48104GENERAL FUNDS$2,000
MUSTARD SEED FOUNDATION
PO BOX 910781LEXINGTONKY40591GENERAL FUNDS$15,000
REFORMED BAPTIST NETWORK
860 PEACHCREST CT NEGRAND RAPIDSMI49505GENERAL FUNDS$5,000
SONSET SOLUTIONS
2830 17TH STREETELKHARTIN465174008GENERAL FUNDS$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$23,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$239ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$60,400ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$164,688ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$104,049ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$104,049TotalIncomeProducingActyAmt

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 PersonLAEL AND AMY BRYANTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14975 RIDGE CREEK LANEAddressLine1Txt
CityANN ARBORCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48105ZIPCd
FieldValueIRS element (for citing)
Total Contributions$638,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,300Amt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationNOT REQUIRED, NO SOLICITATION OF CONTRIBUTIONS.ExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondSTIFEL 3994 FIXED INCOMEBondNm

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
STIFEL 3994 EQUITIES
STIFEL 3994 MUTUAL FUNDS
SCHWAB 2137 EQUITIES$25,175$25,175
SCHWAB 2137 MUTUAL FDS/ETF$2,568,404$2,568,404

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$480LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
UNREALIZED DEPR-SCHWAB 2137$131,982
UNREALIZED DEPR-STIFEL 3994$80,999

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNONDIVIDEND DIST SCHWAB 2137Desc
Amt$660Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
INVESTMENT FEES-SCHWAB 2137$3,383$3,383
INVESTMENT FEES-STIFEL 3994$4,270$4,270

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES PD-SCHWAB 2137$1,053$1,053
EXCISE TAX-2021$4,705
EXCISE TAX-2022$4,970

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