BARBARA AND GIL KEMP FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BARBARA AND GIL KEMP FOUNDATION INC (EIN 20-3834827)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2025-01-29
- IRS object ID
- 202500299349100105
- Schema version
- 2023v6.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-01-29T12:19:22-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 562530411 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABRAMSON & COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 278 POST RD E | AddressLine1Txt |
| City | WESTPORT | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06880 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203834827 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE BARBARA AND GIL KEMP FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BARB | BusinessNameControlTxt |
| Phone | 9292946161 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2285 | AddressLine1Txt |
| City | DARIEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06820 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID G KEMP | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 9292946161 | PhoneNum |
| Signature | 2024-05-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RAYMOND ABRAMSON CPA | PreparerPersonNm |
| PTIN | P00054320 | PTIN |
| Phone | 2038521099 | PhoneNum |
| Preparation | 2025-01-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $806,094 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $2,459 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,459 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $2,459 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $3,504 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,504 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $3,504 | DividendsAdjNetIncmAmt |
| Other Income Rev And Expnss | $26,271 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $26,271 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $26,271 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $32,234 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $32,234 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $32,234 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $2,970 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,485 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,485 | AccountingFeesChrtblPrpsAmt |
| Other Expenses Rev And Expnss | $17 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $2,987 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,485 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,485 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,987 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,485 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,485 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $29,247 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $30,749 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $32,234 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $105,432 | CashBOYAmt |
| Cash EOY | $339,264 | CashEOYAmt |
| Cash EOYFMV | $339,263 | CashEOYFMVAmt |
| Other Investments BOY | $1,519,682 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $494,666 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $466,831 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $1,625,114 | TotalAssetsBOYAmt |
| Total Assets EOY | $833,930 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $806,094 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $80,000 | LoansFromOfficersBOYAmt |
| Other Liabilities BOY | $456,365 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $246,301 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $536,365 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $246,301 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,088,749 | RetainedEarningBOYAmt |
| Retained Earning EOY | $587,629 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,088,749 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $587,629 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,625,114 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $833,930 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,088,749 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $29,247 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,117,996 | SubtotalAmt |
| Other Decreases | $530,367 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $587,629 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $427 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $427 | SubtotalAmt |
| Tax Based On Investment Income | $427 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,778 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $4,778 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,351 | OverpaymentAmt |
| Applied To ES Tax | $4,351 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | DAVID G KEMP | IndividualWithBooksNm |
| Phone | 9292946161 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2285 | AddressLine1Txt |
| City | DARIEN | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06820 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| GILES K KEMP | ||||||||
| PO BOX 2285 | DARIEN | CT | 06820 | PRESIDENT | 0.50 | $0 | $0 | $0 |
| BARBARA GUSS | ||||||||
| PO BOX 2285 | DARIEN | CT | 06820 | VP/ TREASURE | 0.50 | $0 | $0 | $0 |
| REBECCA L KEMP | ||||||||
| PO BOX 2285 | DARIEN | CT | 06820 | DIRECTOR | 0.50 | $0 | $0 | $0 |
| DAVID G KEMP | ||||||||
| PO BOX 2285 | DARIEN | CT | 06820 | DIRECTOR | 0.50 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $300,120 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $339,263 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $156,387 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $795,770 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $795,770 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $11,937 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $783,833 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $39,192 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $39,192 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $427 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $427 | TotalTaxAmt |
| Distributable Before Adj | $38,765 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $38,765 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $38,765 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,485 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,485 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $38,765 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,213,898 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr2 | $432,120 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,646,018 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,485 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,485 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $37,280 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $37,280 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,608,738 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,176,618 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $432,120 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $432,120 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | GILES K KEMP | ContributingManagerNm |
| Contributing Manager | BARBARA GUSS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,459 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,504 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| SOFT SURROUNDINGS HOLDINGS | 14 | $10,329 |
| PACIFICEMPRISE, LLC | 14 | $15,942 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $32,234 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $32,234 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | CategoryTxt |
| Amt | $2,970 | Amt |
| Net Investment Income | $1,485 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,485 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| LEFFLER HOME | ||
| PACIFICEMPRISE LLC | $38,159 | $38,159 |
| SOFT SURROUNDINGS HOLDINGS II | $156,387 | $156,387 |
| VINTAGE 2013 PRIVATE INVESTMENTS | $300,120 | $272,285 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISP. LEFFLER HOME | Desc |
| Amt | $530,367 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| EXPENSES | |
| SOFT SURROUNDINGS HOLDINGS II | $17 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| SOFT SURROUNDINGS HOLDINGS II | $10,329 | $10,329 | $10,329 |
| PACIFICEMPRISE, LLC | $15,942 | $15,942 | $15,942 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| SOFT SURROUNDINGS HOLDINGS II | $455,608 | $246,301 |
| DUE TO BROKER | $757 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | DISASTER RELIEF - FILING DEADLINE EXTENDED TO 2/3/25. | ExplanationTxt |
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