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PROVIDENCE INITIATIVES FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
PROVIDENCE INITIATIVES FOUNDATION INC (EIN 85-2664360)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-11
IRS object ID
202211319349100846
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-11T09:40:07-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450491842PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BLANKENSHIP CPA GROUP PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1215 WARD CIRCLEAddressLine1Txt
CityBRENTWOODCityNm
State AbbreviationTNStateAbbreviationCd
ZIP370272304ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN852664360EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PROVIDENCE INITIATIVES FOUNDATIONBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPROVBusinessNameControlTxt
Phone3525910544PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18549 NW 130TH STREETAddressLine1Txt
CityREDDICKCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32686ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD HOLLIS HELMSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3525910544PhoneNum
Signature2022-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRICHARD HPersonFirstNm
Person LastHELMSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCASSIE BENSON CPAPreparerPersonNm
PTINP01242398PTIN
Phone6153733771PhoneNum
Preparation2022-05-08PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,545,751FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,557,584ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$6,703DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,703DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,122,576NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$4,123,076GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,122,576CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$4,686,869TotalRevAndExpnssAmt
Total Net Invst Incm$3,129,285TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$23,282TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$25,282TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,126,169ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,126,169ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,151,451TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,126,169TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,535,418ExcessRevenueOverExpensesAmt
Net Investment Income$3,129,285NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$10,032SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$9,479SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$9,479SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,302,172CorporateStockBOYAmt
Corporate Stock EOY$2,536,272CorporateStockEOYAmt
Corporate Stock EOYFMV$2,536,272CorporateStockEOYFMVAmt
Total Assets BOY$2,312,204TotalAssetsBOYAmt
Total Assets EOY$2,545,751TotalAssetsEOYAmt
Total Assets EOYFMV$2,545,751TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,312,204NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,545,751NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,312,204TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,545,751TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,312,204TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,545,751TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,312,204TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,535,418ExcessRevenueOverExpensesAmt
Other Increases-$2,301,871OtherIncreasesAmt
Subtotal$2,545,751SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,545,751TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
TESLA INCP2021-08-312021-09-10$251,284$242,738$8,546$8,546
TESLA INCP2021-08-312021-10-07$196,814$183,893$12,921$12,921
TESLA INCP2021-08-312021-10-08$93,703$88,269$5,434$5,434
APPLE INCD2012-11-142021-02-23$234,006$37,822$196,184$196,184
APPLE INCD2012-11-152021-02-23$774,019$124,133$649,886$649,886
APPLE INCD2012-11-152021-04-16$234,313$33,680$200,633$200,633
APPLE INCD2012-11-152021-05-11$12,275$1,925$10,350$10,350
APPLE INCD2012-11-152021-08-31$1,079,693$136,643$943,050$943,050
APPLE INCD2012-12-312021-08-31$1,246,969$151,397$1,095,572$1,095,572
FieldValueIRS element (for citing)
Capital Gain Net Income$3,122,576CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$26,901NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$43,497InvestmentIncomeExciseTaxAmt
Subtotal$43,497SubtotalAmt
Tax Based On Investment Income$43,497TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$11,641EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$11,641TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$51EsPenaltyAmt
Tax Due$31,907TaxDueAmt

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
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 BooksRICHARD HOLLIS HELMSIndividualWithBooksNm
Phone3525910544PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18549 NW 130TH STAddressLine1Txt
CityREDDICKCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32686ZIPCd
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
RICHARD HOLLIS HELMS
8549 NW 130TH STREDDICKFL32686PRESIDENT1.00$0$0$0
TERESA R HELMS
8549 NW 130TH STREDDICKFL32686VICE PRESIDE0.50$0$0$0
ALEXANDER HELMS
8549 NW 130TH STREDDICKFL32686TREASURER0.50$0$0$0
LINDSAY R HELMS
8549 NW 130TH STREDDICKFL32686SECRETARY0.50$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)
Description1TO CONTRIBUTE TO THE ADVANCEMENT OF MEDICAL RESEARCH IN THE FIELD OF NEURODEGENERATIVE DISEASES.Description1Txt
Expenses1$1,550,000Expenses1Amt
Description2TO CONTRIBUTE TO THE ADVANCEMENT OF EDUCATION.Description2Txt
Expenses2$576,169Expenses2Amt

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$1,718,319AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$55,327AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,773,646TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,773,646AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,605CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,747,041NetVlNoncharitableAssetsAmt
Minimum Investment Return$87,352MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$87,352MinimumInvestmentReturnAmt
Tax Based On Investment Income$43,497TaxBasedOnInvestmentIncomeAmt
Total Tax$43,497TotalTaxAmt
Distributable Before Adj$43,855DistributableBeforeAdjAmt
Distributable Before Ded$43,855DistributableBeforeDedAmt
Distributable As Adjusted$43,855DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,126,169ExpensesAndContributionsAmt
Qualifying Distributions$2,126,169QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$43,855DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$903,593ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$903,593TotalExcessDistributionCyovAmt
Qualifying Distributions$2,126,169QualifyingDistributionsAmt
Applied To Current Year$43,855AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,082,314RemainingDistriFromCorpusAmt
Total Corpus$2,985,907TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,985,907ExcessDistriCyovToNextYrAmt
Excess From Year1$903,593ExcessFromYear1Amt
Excess From Current Year$2,082,314ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRICHARD H HELMSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NEURODEGENERATIVE DISEASE RESEARCH
15471 NW 112TH AVENUEREDDICKFL32686501C3CHARITABLE GIFT$1,550,000
FAIRBORN CITY SCHOOLS
306 E WHITTIER AVEFAIRBORNOH45324501C3CHARITABLE GIFT$359,869
UNIVERSITY OF FLORIDA
PO BOX 14425GAINSVILLEFL32604501C3CHARITABLE GIFT$216,300
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,126,169TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,703RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,122,576RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,129,285RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,129,285TotalIncomeProducingActyAmt

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 PersonRICHARD H HELMSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line18549 NW 130TH STAddressLine1Txt
CityREDDICKCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32686ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,557,584TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyAPPLE INC STOCKNoncashPropertyDesc
Fair Market Value$1,255,584FairMarketValueAmt
Received2021-08-30ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,000Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMORGAN STANLEY - SECURITIESStockNm
EOY Book Value$2,536,272EOYBookValueAmt
EOYFMV$2,536,272EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
UNREALIZED GAINS/LOSSES-$1,197,684
BOOK/TAX DIFFERENCE ON STOCK CONTRIBUTION-$1,104,187

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$23,282Amt

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