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THE FRYE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE FRYE FOUNDATION (EIN 36-6032247)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-09
IRS object ID
202221299349101877
Schema version
2021v4.2
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)
Return2022-05-09T14:00:31-04:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN823240234PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vertex Accounting Partners LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13000 Woodcreek Dr Ste 120AddressLine1Txt
CityDowners GroveCityNm
State AbbreviationILStateAbbreviationCd
ZIP60515ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN366032247EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FRYE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRYEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11297 BURR OAK ROADAddressLine1Txt
CityLAKE FORESTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM FRYEPersonNm
Person TitlePRESIDENT DIRPersonTitleTxt
Phone8472344861PhoneNum
Signature2022-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastFRYEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGREGORY S ADAMS CPA MSTPreparerPersonNm
PTINP00095597PTIN
Phone6306571810PhoneNum
Preparation2022-05-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$850,708FMVAssetsEOYAmt
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$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$14,086DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,086DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$31,521NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$49,445GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$31,521CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$45,609TotalRevAndExpnssAmt
Total Net Invst Incm$45,609TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,755AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,755AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$5,577OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,577OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$193TaxesRevAndExpnssAmt
Taxes Net Invst Incm$193TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$8,550TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$8,525TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,550TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$8,525TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$37,059ExcessRevenueOverExpensesAmt
Net Investment Income$37,084NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$25,504CashBOYAmt
Cash EOY$46,088CashEOYAmt
Cash EOYFMV$46,088CashEOYFMVAmt
Corporate Stock BOY$404,935CorporateStockBOYAmt
Corporate Stock EOY$421,554CorporateStockEOYAmt
Corporate Stock EOYFMV$803,210CorporateStockEOYFMVAmt
Other Assets BOY$1,554OtherAssetsBOYAmt
Other Assets EOY$1,410OtherAssetsEOYAmt
Other Assets EOYFMV$1,410OtherAssetsEOYFMVAmt
Total Assets BOY$431,993TotalAssetsBOYAmt
Total Assets EOY$469,052TotalAssetsEOYAmt
Total Assets EOYFMV$850,708TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$431,993CapitalStockBOYAmt
Capital Stock EOY$469,052CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$431,993TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$469,052TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$431,993TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$469,052TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$431,993TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$37,059ExcessRevenueOverExpensesAmt
Subtotal$469,052SubtotalAmt
Tot Net Ast Or Fund Balances EOY$469,052TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
56 SHS SPDR S&P 500 ETFP2019-12-162021-11-19$26,305$17,924$8,381$8,381
M STANLEY CAP GAIN DIVIDENDSP2020-12-012021-12-31$23,140$23,140$23,140
FieldValueIRS element (for citing)
Capital Gain Net Income$31,521CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$515InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$515SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$515TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$482EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$482TotalPaymentsAndCreditsAmt
Tax Due$33TaxDueAmt

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
Individual With BooksGRAYSTONE CONSULTINGIndividualWithBooksNm
Phone3127064000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1233 S WACKER DRIVE SUITE 9390AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WILLIAM FRYE
1297 BURR OAK RDLAKE FORESTIL60045PRESIDENT DIRECTOR0.00$0$0$0
MARILYN BARRETT
20 SPUR ROADPINEHURSTNC28374TREASURER DIRECTOR0.00$0$0$0
EDWARD BARRETT JR
1289 PEACHTREE VIEW NEATLANTAGA30319VICE PRES DIRECTOR0.00$0$0$0
ANDREW BARRETT
619 KENT ST SEATLANTAGA30312DIRECTOR0.00$0$0$0
LORI PRESTON
878 WILLIAMS HILL RDRICHMONDVT05477SECRETARY DIRECTOR0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$762,340AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$35,796AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$798,136TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$798,136AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,972CashDeemedCharitableAmt
Net Vl Noncharitable Assets$786,164NetVlNoncharitableAssetsAmt
Minimum Investment Return$39,308MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$39,308MinimumInvestmentReturnAmt
Tax Based On Investment Income$515TaxBasedOnInvestmentIncomeAmt
Total Tax$515TotalTaxAmt
Distributable Before Adj$38,793DistributableBeforeAdjAmt
Distributable Before Ded$38,793DistributableBeforeDedAmt
Distributable As Adjusted$38,793DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$38,793DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$44,038ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$43,297ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$19,699ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$107,034TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$38,793ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$38,793ExcessDistributionCyovAppCYAmt
Total Corpus$68,241TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,245ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$62,996ExcessDistriCyovToNextYrAmt
Excess From Year4$43,297ExcessFromYear4Amt
Excess From Year3$19,699ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWILLIAM FRYERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11297 BURR OAK ROADAddressLine1Txt
CityLAKE FORESTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60045ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8479979358RecipientPhoneNum
Recipient Email AddressWPFRYE1989@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsTHERE IS NO SPECIFIED FORM FOR APPLICATION AND THERE ARE NO REQUIREMENTS RELATING TO MATERIALSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsTHE FOUNDATION MAKES CONTRIBUTIONS TO CHARITABLE ORANIZATIONS SELECTED BY ITS BOARD OF DIRECTORSRestrictionsOnAwardsTxt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,086ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$31,521ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$45,609ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$45,609TotalIncomeProducingActyAmt

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 TAX PREP FEESCategoryTxt
Amt$2,755Amt
Net Investment Income$2,755NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
M STANLEY 448 ETF & CLOSE END$139,774$380,442
M STANLEY 448 OPEN END FUNDS$281,780$422,768

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT INCOME RECEIVABLEDesc
BOY Book Value$1,554BOYBookValueAmt
EOY Book Value$1,410EOYBookValueAmt
EOYFMV$1,410EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ILLINOIS CHARITY BUREAU$15$0$0$0
SECRETARY OF STATE$10$0$0$0

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$5,577Amt
Net Investment Income$5,577NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$193Amt
Net Investment Income$193NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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