THE JAMES BILLINGS FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE JAMES BILLINGS FOUNDATION INC (EIN 20-5822145)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-06
IRS object ID
202333109349100028
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)
Return2023-11-06T10:34:11-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MDENNIS MODRAK CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1371 INTERSTATE BLVDAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205822145EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE JAMES BILLINGS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line17672 DONALD ROSS RD WAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES BILLINGSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9413663125PhoneNum
Signature2023-08-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastBILLINGSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonM DENNIS MODRAK CPAPreparerPersonNm
PTINP01241654PTIN
Phone9413774500PhoneNum
Preparation2023-08-02PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$362,261FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$6,578DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,578DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$30,480NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$62,807GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$30,480CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$37,058TotalRevAndExpnssAmt
Total Net Invst Incm$37,058TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,550AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$3,600OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$452TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,602TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$26,602TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$21,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$10,456ExcessRevenueOverExpensesAmt
Net Investment Income$37,058NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$13,147CashBOYAmt
Cash EOY$16,963CashEOYAmt
Cash EOYFMV$16,963CashEOYFMVAmt
Corporate Stock BOY$92,924CorporateStockBOYAmt
Corporate Stock EOY$99,564CorporateStockEOYAmt
Corporate Stock EOYFMV$345,298CorporateStockEOYFMVAmt
Total Assets BOY$106,071TotalAssetsBOYAmt
Total Assets EOY$116,527TotalAssetsEOYAmt
Total Assets EOYFMV$362,261TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$106,071RetainedEarningBOYAmt
Retained Earning EOY$116,527RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$106,071TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$116,527TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$106,071TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$116,527TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$106,071TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$10,456ExcessRevenueOverExpensesAmt
Subtotal$116,527SubtotalAmt
Tot Net Ast Or Fund Balances EOY$116,527TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
APPLEP2022-07-15$19,174$1,611$17,563$17,563
GILEADP2022-07-15$9,395$11,882-$2,487-$2,487
WARNER BROSP2022-07-15$992$1,234-$242-$242
BLACKSTONEP2022-09-15$21,081$4,230$16,851$16,851
AT&TP2022-11-15$4,255$7,780-$3,525-$3,525
BRISTOLP2022-11-15$7,910$5,590$2,320$2,320
P
FieldValueIRS element (for citing)
Capital Gain Net Income$30,480CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$515InvestmentIncomeExciseTaxAmt
Subtotal$515SubtotalAmt
Tax Based On Investment Income$515TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$554EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$554TotalPaymentsAndCreditsAmt
Overpayment$39OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$39RefundAmt

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 StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES BILLINGSIndividualWithBooksNm
Phone9415044510PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17672 DONALD ROSS RD WAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd
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
JAMES BILLINGS
7672 DONALD ROSS RD WSARASOTAFL34240PRESIDENT0.00$0$0$0
KARIN S BILLINGS
7672 DONALD ROSS RD WSARASOTAFL34240SECRETARY0.00$0$0$0
ELIZABETH B WRIGHT
135 AVENIDA MIRAFLORESTIBURONCA94920DIRECTOR0.00$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$407,847AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$16,055AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$423,902TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$423,902AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,359CashDeemedCharitableAmt
Net Vl Noncharitable Assets$417,543NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,877MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,877MinimumInvestmentReturnAmt
Tax Based On Investment Income$515TaxBasedOnInvestmentIncomeAmt
Total Tax$515TotalTaxAmt
Distributable Before Adj$20,362DistributableBeforeAdjAmt
Distributable Before Ded$20,362DistributableBeforeDedAmt
Distributable As Adjusted$20,362DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,000ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$21,500CharitableAssetsAcquisPaidAmt
Qualifying Distributions$42,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,362DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$11ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,502ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$8,310ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$13,342ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$15,832ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$45,997TotalExcessDistributionCyovAmt
Qualifying Distributions$42,500QualifyingDistributionsAmt
Applied To Current Year$20,362AppliedToCurrentYearAmt
Remaining Distri From Corpus$22,138RemainingDistriFromCorpusAmt
Total Corpus$68,135TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$11ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$68,124ExcessDistriCyovToNextYrAmt
Excess From Year4$8,502ExcessFromYear4Amt
Excess From Year3$8,310ExcessFromYear3Amt
Excess From Year2$13,342ExcessFromYear2Amt
Excess From Year1$15,832ExcessFromYear1Amt
Excess From Current Year$22,138ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJAMES BILLINGSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line17672 DONALD ROSS RD WAddressLine1Txt
CitySARSOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34240ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9413663125RecipientPhoneNum
Form And Info And MaterialsWRITTEN REQUESTS ONLYFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CORNELL UNIVERSITY
PO BOX 2600ITHACANY14851CHARITABLE$2,500
FANDANGO SANCTUARY INC
616 PINTO TRAILLENGLEWOODFL34223CHARITABLE$12,500
JOE DI MAGGIO HOSPITAL
921 35TH AVEHOLLYWOODFL33021CHARITABLE$5,000
SPCA
5850 BRANNEN RD SLAKELANDFL33813CHARITABLE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$6,578ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$30,480ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$37,058ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$37,058TotalIncomeProducingActyAmt

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)
CategoryCPACategoryTxt
Amt$1,550Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCHWAB INSTITUTIONALStockNm
EOY Book Value$99,564EOYBookValueAmt
EOYFMV$345,298EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$3,600Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$452Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.