DUANE AND MARCI SHAW FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: DUANE AND MARCI SHAW FOUNDATION INC (EIN 45-5628049)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-07-15
IRS object ID: 202201969349100505
Schema version: 2021v4.0
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
Other Expenses Schedule
Other Notes Loans Rcvbl Short Sch2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-07-15T12:14:22-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt
Disaster Relief	EXTENSION GRANTED TO NOVEMBER 15, 2022	DisasterReliefTxt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	870406295	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ALLRED JACKSON PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 EAST 2500 NORTH SUITE 200	AddressLine1Txt
City	NORTH LOGAN	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	843413088	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	455628049	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DUANE AND MARCI SHAW	BusinessNameLine1Txt
Business Name Line2	FOUNDATION INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	DUAN	BusinessNameControlTxt
Phone	8015307359	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	13113 SOUTH GROUSE POINTE COVE	AddressLine1Txt
City	DRAPER	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84020	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN DUANE SHAW	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2022-05-31	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DUANE	PersonFirstNm
Person Last	SHAW	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	D SCOTT JACKSON	PreparerPersonNm
PTIN	P00181911	PTIN
Phone	4357526441	PhoneNum
Preparation	2022-05-31	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Special Condition	EXTENSION GRANTED TO NOVEMBER 15, 2022	SpecialConditionDesc
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$11,646,792	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
Dividends Rev And Expnss	$902,479	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$902,479	DividendsNetInvstIncmAmt
Total Rev And Expnss	$902,479	TotalRevAndExpnssAmt
Total Net Invst Incm	$902,479	TotalNetInvstIncmAmt
Taxes Rev And Expnss	$19,800	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$14,950	TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss	$50	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$50	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$19,850	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$15,000	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$611,744	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$611,744	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$631,594	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$15,000	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$611,744	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$270,885	ExcessRevenueOverExpensesAmt
Net Investment Income	$887,479	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$2,673,056	CashBOYAmt
Cash EOY	$897,181	CashEOYAmt
Cash EOYFMV	$897,181	CashEOYFMVAmt
Other Nts And Loans Rcvbl	$10,749,611	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$8,702,851	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$10,749,611	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$10,749,611	OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY	$11,375,907	TotalAssetsBOYAmt
Total Assets EOY	$11,646,792	TotalAssetsEOYAmt
Total Assets EOYFMV	$11,646,792	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$11,375,907	RetainedEarningBOYAmt
Retained Earning EOY	$11,646,792	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$11,375,907	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$11,646,792	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$11,375,907	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$11,646,792	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$11,375,907	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$270,885	ExcessRevenueOverExpensesAmt
Subtotal	$11,646,792	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$11,646,792	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$12,336	InvestmentIncomeExciseTaxAmt
Subtotal	$12,336	SubtotalAmt
Tax Based On Investment Income	$12,336	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$12,800	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$12,800	TotalPaymentsAndCreditsAmt
Overpayment	$464	OverpaymentAmt
Applied To ES Tax	$464	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	UT	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	JOHN DUANE SHAW	IndividualWithBooksNm
Phone	8015307359	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	13113 SOUTH GROUSE POINTE COVE	AddressLine1Txt
City	DRAPER	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84020	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	false	BusinessHoldingsInd
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 (6 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
JOHN DUANE SHAW
13113 SOUTH GROUSE POINTE COVE	DRAPER	UT	84020	DIRECTOR	1.00	$0	$0	$0
MARCHELLE MARIE SHAW
13113 SOUTH GROUSE POINTE COVE	DRAPER	UT	84020	DIRECTOR	1.00	$0	$0	$0
JOHN WILLIAM SHAW
13113 SOUTH GROUSE POINTE COVE	DRAPER	UT	84020	DIRECTOR	1.00	$0	$0	$0
REBECCA LYN ALDER
13113 SOUTH GROUSE POINTE COVE	DRAPER	UT	84020	DIRECTOR	1.00	$0	$0	$0
NATALIE ANNE KESSLER
13113 SOUTH GROUSE POINTE COVE	DRAPER	UT	84020	DIRECTOR	1.00	$0	$0	$0
KAREN MARIE BITTON
13113 SOUTH GROUSE POINTE COVE	DRAPER	UT	84020	DIRECTOR	1.00	$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	DONATION OF FUNDS TO OTHER IRC SECTION 501(C)(3) PUBLIC CHARITIES	Description1Txt
Expenses1	$611,744	Expenses1Amt

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	$9,640,949	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$1,859,113	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$11,500,062	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$11,500,062	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$172,501	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$11,327,561	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$566,378	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$566,378	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$12,336	TaxBasedOnInvestmentIncomeAmt
Total Tax	$12,336	TotalTaxAmt
Distributable Before Adj	$554,042	DistributableBeforeAdjAmt
Distributable Before Ded	$554,042	DistributableBeforeDedAmt
Distributable As Adjusted	$554,042	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$611,744	ExpensesAndContributionsAmt
Qualifying Distributions	$611,744	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$554,042	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$38,850	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3	$144,276	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$92,257	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,060,908	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$1,336,291	TotalExcessDistributionCyovAmt
Qualifying Distributions	$611,744	QualifyingDistributionsAmt
Applied To Current Year	$554,042	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$57,702	RemainingDistriFromCorpusAmt
Total Corpus	$1,393,993	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$38,850	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,355,143	ExcessDistriCyovToNextYrAmt
Excess From Year3	$144,276	ExcessFromYear3Amt
Excess From Year2	$92,257	ExcessFromYear2Amt
Excess From Year1	$1,060,908	ExcessFromYear1Amt
Excess From Current Year	$57,702	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	JOHN DUANE SHAW	ContributingManagerNm
Contributing Manager	MARCHELLE MARIE SHAW	ContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	L S MCCULLOUGH	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	339 WEST 13490 SOUTH	AddressLine1Txt
City	DRAPER	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84020	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8015307359	RecipientPhoneNum
Form And Info And Materials	PLEASE CONTACT THE FOUNDATION AT 801-530-7359	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	PLEASE CONTACT THE FOUNDATION AT 801-530-7359	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Business Name Line2RecipientBusinessName/BusinessNameLine2Txt
BOOK OF MORMON CENTRAL
330 EAST 400 SOUTH	SPRINGVILLE	UT	84663	NONE	PC	TO BE USED TO FURTHER EXEMPT PURPOSE	$25,000
HALE CENTRE THEATRE
9900 SOUTH MONROE	SANDY	UT	84070	NONE	PC	TO BE USED TO FURTHER EXEMPT PURPOSE	$3,744
INTERNATIONAL CENTER FOR LAW
BRIGHAM YOUNG UNIVERSITY	PROVO	UT	84602	NONE	PC	TO BE USED TO FURTHER EXEMPT PURPOSE	$5,000	AND RELIGIOUS STUDIES AT BYU
THE CHURCH OF JESUS CHRIST OF
50 E NORTH TEMPLE STREET	SALT LAKE CITY	UT	84150	NONE PC		TO BE USED TO FURTHER EXEMPT PURPOSE	$575,000	LATTER-DAY SAINTS
TUACAHN CENTER FOR THE ARTS
1100 TUACAHN DRIVE	IVINS	UT	84738	NONE	PC	TO BE USED TO FURTHER EXEMPT PURPOSE	$2,500
UTAH FOOD BANK
3150 SOUTH 900 WEST	SALT LAKE CITY	UT	84119	NONE	PC	TO BE USED TO FURTHER EXEMPT PURPOSE	$500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$611,744	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$902,479	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$902,479	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$902,479	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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES	$50	$50

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	LOANS RECEIVABLE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$10,749,611	BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
SECTION 4940 TAX	$14,950	$14,950
OTHER TAXES	$4,850

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