SEAR FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SEAR FAMILY FOUNDATION (EIN 75-2673430)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-21
IRS object ID
202221119349100122
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)
Return2022-04-21T10:52:54-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Joan K Bailey CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12706 Cockrell AvenueAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76109ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752673430EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Sear Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSEARBusinessNameControlTxt
Phone8175260011PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135 Watergate Drive 502AddressLine1Txt
CitySarasotaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJudith SearPersonNm
Person TitleSec/TreasPersonTitleTxt
Signature2022-04-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJudithPersonFirstNm
Person LastSearPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoan K BaileyPreparerPersonNm
PTINP01525573PTIN
Phone8178810499PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$4,288,031FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$205,943ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$7InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$7InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$73,328DividendsRevAndExpnssAmt
Dividends Net Invst Incm$73,328DividendsNetInvstIncmAmt
Dividends Adj Net Incm$73,328DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$208,599NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$335,307GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$208,599CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$487,877TotalRevAndExpnssAmt
Total Net Invst Incm$281,934TotalNetInvstIncmAmt
Total Adj Net Incm$73,335TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,200AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$824TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,024TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$182,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$182,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$186,524TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$182,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$301,353ExcessRevenueOverExpensesAmt
Net Investment Income$281,934NetInvestmentIncomeAmt
Adjusted Net Income$73,335AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$63,356CashBOYAmt
Cash EOY$144,047CashEOYAmt
Cash EOYFMV$144,047CashEOYFMVAmt
Corporate Stock BOY$619,082CorporateStockBOYAmt
Corporate Stock EOY$770,540CorporateStockEOYAmt
Corporate Stock EOYFMV$914,408CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,561,924CorporateBondsBOYAmt
Corporate Bonds EOY$1,711,924CorporateBondsEOYAmt
Corporate Bonds EOYFMV$2,129,576CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis$1,100,000InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$1,100,000LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$1,100,000LandBldgInvestmentsEOYAmt
Land EOYFMV$1,100,000LandEOYFMVAmt
Total Assets BOY$3,344,362TotalAssetsBOYAmt
Total Assets EOY$3,726,511TotalAssetsEOYAmt
Total Assets EOYFMV$4,288,031TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$3,344,362CapitalStockBOYAmt
Capital Stock EOY$3,726,511CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$3,344,362TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,726,511TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,344,362TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,726,511TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,344,362TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$301,353ExcessRevenueOverExpensesAmt
Other Increases$80,796OtherIncreasesAmt
Subtotal$3,726,511SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,726,511TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
300 Apple IncD2013-04-242021-12-06$49,591$21,786$27,805$27,805
759 Apple IncP2010-11-022021-12-06$125,463$55,115$70,348$70,348
516 Apple IncP2010-11-022021-09-27$74,949$37,470$37,479$37,479
74 Home DepotP2018-06-302021-09-27$25,239$12,337$12,902$12,902
Capital Gain Dividends$60,065
FieldValueIRS element (for citing)
Capital Gain Net Income$208,599CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,919InvestmentIncomeExciseTaxAmt
Subtotal$3,919SubtotalAmt
Tax Based On Investment Income$3,919TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$11EsPenaltyAmt
Tax Due$3,930TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Judith SearBusinessNameLine1Txt

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135 Watergate Drive 502AddressLine1Txt
CitySarasotaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Timothy R G Sear
35 Watergate Drive 502SarasotaFL34236President0.00$0
Judith Sear
35 Watergate Drive 502SarasotaFL34236Sec/Treas0.00$0
Adam J T Sear
3300 Bee Caves Rd Ste 650AustinTX78746Director0.00$0
Katherine M Johnson
65 Graycliff RdNewtonMA02159Director0.00$0
Charles D Sear
500 Throckmorton Street 3001Fort WorthTX76102Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,822,382AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$69,436AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,891,818TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,891,818AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$43,377CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,848,441NetVlNoncharitableAssetsAmt
Minimum Investment Return$142,422MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$142,422MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,919TaxBasedOnInvestmentIncomeAmt
Total Tax$3,919TotalTaxAmt
Distributable Before Adj$138,503DistributableBeforeAdjAmt
Distributable Before Ded$138,503DistributableBeforeDedAmt
Distributable As Adjusted$138,503DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$182,500ExpensesAndContributionsAmt
Qualifying Distributions$182,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$138,503DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$224,674ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$420,359ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$205,277ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$206,422ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$111,230ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,167,962TotalExcessDistributionCyovAmt
Qualifying Distributions$182,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$138,503AppliedToCurrentYearAmt
Remaining Distri From Corpus$43,997RemainingDistriFromCorpusAmt
Total Corpus$1,211,959TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$224,674ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$987,285ExcessDistriCyovToNextYrAmt
Excess From Year4$420,359ExcessFromYear4Amt
Excess From Year3$205,277ExcessFromYear3Amt
Excess From Year2$206,422ExcessFromYear2Amt
Excess From Year1$111,230ExcessFromYear1Amt
Excess From Current Year$43,997ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJudith SearRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line135 Watergate Drive 502AddressLine1Txt
CitySarasotaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8175260011RecipientPhoneNum
Form And Info And MaterialsNo specific form.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsNoneRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Schwab Charitable Fund
211 Main StSan FranciscoCA94105Unrestricted$175,000
USEPPA Island Historical Society
PO Box 640BokeeliaFL33922Unrestricted$2,500
USEPPA Island Fire and Rescue
PO Box 640BokeeliaFL33922Unrestricted$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$182,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$73,328ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$208,599ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$281,934ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$281,934TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionInd
Tim and Judith Sear
135 Watergate Drive 502SarasotaFL34236$122,906Yes (X)
Tim and Judith Sear
235 Watergate Drive 502SarasotaFL34236$80,320Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
11400 shares Alcon Inc$122,9062021-12-28
2800 shares Morgan Stanley$80,3202021-12-28

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$3,200Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLandCategoryOrItemTxt
Cost Or Other Basis$1,100,000CostOrOtherBasisAmt
Book Value$1,100,000BookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonTim and Judith SearPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line135 Watergate Drive 502AddressLine1Txt
CitySarasotaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Foundation Federal Tax$607
Property Tax$217

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