BETA

J2 FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
J2 FAMILY FOUNDATION (EIN 46-3595823)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-13
IRS object ID
202531339349102393
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)
Return2025-05-13T12:53:21-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363077757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRAY HUNTER STENN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAINE STAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463595823EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1J2 FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJ2FABusinessNameControlTxt
Phone2177734411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH P TRACYPersonNm
Person TitlePRESIDENTPersonTitleTxt
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 PersonJEFFREY A MCPHERSON CPAPreparerPersonNm
PTINP00917157PTIN
Phone2172220304PhoneNum
Preparation2025-05-12PreparationDt
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$11,093,303FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,066InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,066InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,066InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$85,390DividendsRevAndExpnssAmt
Dividends Net Invst Incm$85,390DividendsNetInvstIncmAmt
Dividends Adj Net Incm$85,390DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$45,856NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$300,150GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$45,856CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$132,312TotalRevAndExpnssAmt
Total Net Invst Incm$132,312TotalNetInvstIncmAmt
Total Adj Net Incm$86,456TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,150AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$863AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$863AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$287AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$2,554TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,719TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$863TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$863TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$287TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$399,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$399,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$403,119TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$863TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$863TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$399,687TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$270,807ExcessRevenueOverExpensesAmt
Net Investment Income$131,449NetInvestmentIncomeAmt
Adjusted Net Income$85,593AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$1CashBOYAmt
Cash EOY-$2CashEOYAmt
Sav And Temp Cash Invst BOY$24,616SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,103SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,103SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$4,411,721OtherInvestmentsBOYAmt
Other Investments EOY$3,879,617OtherInvestmentsEOYAmt
Other Investments EOYFMV$11,085,200OtherInvestmentsEOYFMVAmt
Total Assets BOY$4,436,336TotalAssetsBOYAmt
Total Assets EOY$3,887,718TotalAssetsEOYAmt
Total Assets EOYFMV$11,093,303TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$3,936,593CapitalStockBOYAmt
Capital Stock EOY$3,887,718CapitalStockEOYAmt
Retained Earning BOY$499,743RetainedEarningBOYAmt
Tot Net Ast Or Fund Balances BOY$4,436,336TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,887,718TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,436,336TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,887,718TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,436,336TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$270,807ExcessRevenueOverExpensesAmt
Subtotal$4,165,529SubtotalAmt
Other Decreases$277,811OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,887,718TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property575 SH. DOT HOLDINGS CO.PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-05-31AcquiredDt
Sold2024-11-07SoldDt
Gross Sales Price$300,150GrossSalesPriceAmt
Cost Or Other Basis$254,294CostOrOtherBasisAmt
Gain Or Loss$45,856GainOrLossAmt
Gains Minus Excess Or Losses$45,856GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$45,856CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,827InvestmentIncomeExciseTaxAmt
Subtotal$1,827SubtotalAmt
Tax Based On Investment Income$1,827TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,560EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,560TotalPaymentsAndCreditsAmt
Tax Due$267TaxDueAmt

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 StateILOrgReportOrRegisterStateCd
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
Individual With BooksJOSEPH P TRACYIndividualWithBooksNm
Phone2177733922PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
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
JOSEPH P TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301PRESIDENT0.50$0$0$0
JILL A TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301TREASURER0.50$0$0$0
CHRISTIE L MUGERDITCHIAN
113 BEARS PAW TRAILNAPLESFL34102SECRETARY0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

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$72,928AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$10,214,313FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,287,241TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$10,287,241AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$154,309CashDeemedCharitableAmt
Net Vl Noncharitable Assets$10,132,932NetVlNoncharitableAssetsAmt
Minimum Investment Return$506,647MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$506,647MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,827TaxBasedOnInvestmentIncomeAmt
Total Tax$1,827TotalTaxAmt
Distributable Before Adj$504,820DistributableBeforeAdjAmt
Distributable Before Ded$504,820DistributableBeforeDedAmt
Distributable As Adjusted$504,820DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$399,687ExpensesAndContributionsAmt
Qualifying Distributions$399,687QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$504,820DistributableAsAdjustedAmt
Undistributed Income PY$373,098UndistributedIncomePYAmt
Qualifying Distributions$399,687QualifyingDistributionsAmt
Applied To Year1$373,098AppliedToYear1Amt
Applied To Current Year$26,589AppliedToCurrentYearAmt
Undistributed Income CY$478,231UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEPH P TRACYContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJ2 FAMILY FOUNDATION JOSEPH TRACYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2177734411RecipientPhoneNum
Recipient Email AddressJOETRACY@DOTFOODS.COMRecipientEmailAddressTxt
Form And Info And MaterialsTHE FOUNDATION WILL NOT INITIALLY REQUIRE THAT RECIPIENT CHARITIES APPLY FOR GRANTS, BUT MAY LATER AS THE FOUNDATION GROWS. INSTEAD OF REACTING TO GRANT REQUESTS, THE FOUNDATION WILL BE PRO-ACTIVE IN SELECTING WORTHY AREA CHARITIES FOR GRANTS WITHIN THE SCOPE OF THE FOUNDATION'S PURPOSE.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsAWARDS ARE GENERALLY LIMITED TO ORGANIZATIONS THAT EDUCATE STUDENTS SUCH AS PAROCHIAL AND PUBLIC SCHOOLS, ORGANIZATIONS THAT PROVIDE AID AND ASSISTANCE TO YOUNG CHILDREN, YOUNG MOTHERS, FAMILIES, AND ALL INVIDIUALS WHO ARE STRUGGLING TO SUPPORT THEMSELVES SHORT-TERM AND NEED ASSISTANCE AND SUPPORT TO GET BACK ON THEIR FEET AND COMPLETE THEIR EDUCATION OR GAINFUL EMPLOYMENT, AND ORGANIZATIONS OR PROGRAMS THAT DEVELOP LEADERSHIP SKILLS OF INDIVIDUALS WHO RESIDE WITHIN A 100-MILE RADIUS OF QUINCY, ILLINOIS, THROUGH PROGRAMS, SEMINARS AND SCHOLARSHIPS TO THOSE WHO HAVE ACHIEVED AT LEAST A HIGH SCHOOL DEGREE.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
QUINCY NOTRE DAME FOUNDATION
1400 SOUTH 11 STQUINCYIL62301PCTEACHER, TALENT, RECRUITMENT, RETENT$4,400
YMCA
3101 MAINE STQUINCYIL62301PCOPERATING$5,000
ST PETER CHURCH
2600 MAINE STQUINCYIL62301CHURCHUPON THIS ROCK CAPITAL CAMPAIGN FUND$390,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$399,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,066ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$85,390ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$45,856ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$132,312ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$132,312TotalIncomeProducingActyAmt

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$1,150Amt
Net Investment Income$863NetInvestmentIncomeAmt
Adjusted Net Income$863AdjustedNetIncomeAmt
Disbursements Charitable Prps$287DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item19,795 DOT FOODS, INC-CLOSELY-HELDCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$3,879,617BookValueAmt
EOYFMV$11,085,200EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPY STOCK BASIS ADJUSTMENTDesc
Amt$277,811Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
IL CHARITABLE ANNUAL REPORT F$15

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
EXCISE TAX$994
2024 ESTIMATE$1,560

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