BETA

J2 FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
J2 FAMILY FOUNDATION (EIN 46-3595823)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202221369349102387
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)
Return2022-05-16T10:42:49-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363077757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRAY HUNTER STENN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAINE STAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463595823EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1J2 FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJ2FABusinessNameControlTxt
Phone2177734411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH P TRACYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2022-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOSEPHPersonFirstNm
Person LastTRACYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY A MCPHERSON CPAPreparerPersonNm
PTINP00917157PTIN
Phone2172220304PhoneNum
Preparation2022-05-13PreparationDt
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$5,327,751FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$475,056ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$37,660DividendsRevAndExpnssAmt
Dividends Net Invst Incm$37,660DividendsNetInvstIncmAmt
Dividends Adj Net Incm$37,660DividendsAdjNetIncmAmt
Other Income Rev And Expnss$436OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$436OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$513,157TotalRevAndExpnssAmt
Total Net Invst Incm$37,665TotalNetInvstIncmAmt
Total Adj Net Incm$38,101TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$71LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$53LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$53LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$18LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,340AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,005AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,005AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$335AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$500TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$33OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,944TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,058TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,058TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$353TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$204,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$204,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$206,344TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,058TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,058TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$204,753TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$306,813ExcessRevenueOverExpensesAmt
Net Investment Income$36,607NetInvestmentIncomeAmt
Adjusted Net Income$37,043AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY-$1CashEOYAmt
Sav And Temp Cash Invst BOY$11,942SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$18,700SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$18,700SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$2,211,857OtherInvestmentsBOYAmt
Other Investments EOY$2,511,913OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,309,051OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,223,799TotalAssetsBOYAmt
Total Assets EOY$2,530,612TotalAssetsEOYAmt
Total Assets EOYFMV$5,327,751TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,223,799CapitalStockBOYAmt
Capital Stock EOY$2,530,612CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,223,799TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,530,612TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,223,799TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,530,612TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,223,799TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$306,813ExcessRevenueOverExpensesAmt
Subtotal$2,530,612SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,530,612TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$509InvestmentIncomeExciseTaxAmt
Subtotal$509SubtotalAmt
Tax Based On Investment Income$509TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$223EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$223TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$5EsPenaltyAmt
Tax Due$291TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOSEPH P TRACYIndividualWithBooksNm
Phone2177733922PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOSEPH P TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301PRESIDENT000.00$0$0$0
JILL A TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301TREASURER000.00$0$0$0
CHRISTIE L MUGERDITCHIAN
3115 EVANGELINE ROADQUINCYIL62301SECRETARY000.00$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)
Description1N/ADescription1Txt

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$11,246AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,979,102FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,990,348TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,990,348AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$59,855CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,930,493NetVlNoncharitableAssetsAmt
Minimum Investment Return$196,525MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$196,525MinimumInvestmentReturnAmt
Tax Based On Investment Income$509TaxBasedOnInvestmentIncomeAmt
Total Tax$509TotalTaxAmt
Distributable Before Adj$196,016DistributableBeforeAdjAmt
Distributable Before Ded$196,016DistributableBeforeDedAmt
Distributable As Adjusted$196,016DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$204,753ExpensesAndContributionsAmt
Qualifying Distributions$204,753QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$196,016DistributableAsAdjustedAmt
Undistributed Income PY$11,092UndistributedIncomePYAmt
Qualifying Distributions$204,753QualifyingDistributionsAmt
Applied To Year1$11,092AppliedToYear1Amt
Applied To Current Year$193,661AppliedToCurrentYearAmt
Undistributed Income CY$2,355UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEPH P TRACYContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJ2 FAMILY FOUNDATION JOSEPH TRACYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2177734411RecipientPhoneNum
Recipient Email AddressJOETRACY@DOTFOODS.COMRecipientEmailAddressTxt
Form And Info And MaterialsTHE FOUNDATION WILL NOT INITIALLY REQUIRE THAT RECIPIENT CHARITIES APPLY FOR GRANTS, BUT MAY LATER AS THE FOUNDATION GROWS. INSTEAD OF REACTING TO GRANT REQUESTS, THE FOUNDATION WILL BE PRO-ACTIVE IN SELECTING WORTHY AREA CHARITIES FOR GRANTS WITHIN THE SCOPE OF THE FOUNDATION'S PURPOSE.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsAWARDS ARE GENERALLY LIMITED TO ORGANIZATIONS THAT EDUCATE STUDENTS SUCH AS PAROCHIAL AND PUBLIC SCHOOLS, ORGANIZATIONS THAT PROVIDE AID AND ASSISTANCE TO YOUNG CHILDREN, YOUNG MOTHERS, FAMILIES, AND ALL INVIDIUALS WHO ARE STRUGGLING TO SUPPORT THEMSELVES SHORT-TERM AND NEED ASSISTANCE AND SUPPORT TO GET BACK ON THEIR FEET AND COMPLETE THEIR EDUCATION OR GAINFUL EMPLOYMENT, AND ORGANIZATIONS OR PROGRAMS THAT DEVELOP LEADERSHIP SKILLS OF INDIVIDUALS WHO RESIDE WITHIN A 100-MILE RADIUS OF QUINCY, ILLINOIS, THROUGH PROGRAMS, SEMINARS AND SCHOLARSHIPS TO THOSE WHO HAVE ACHIEVED AT LEAST A HIGH SCHOOL DEGREE.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
QUINCY NOTRE DAME FOUNDATION
1400 SOUTH 11 STQUINCYIL62301PCTEACHER, TALENT, RECRUITMENT, RETENT$4,400
QUINCY UNIVERSITY
1800 COLLEGE AVEQUINCYIL62301PCFACULTY INCENTIVE PROGRAM$200,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$204,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$37,660ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescREFUNDDesc
Related Or Exempt Function Incm$436RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$37,665ExclusionAmt
Related Or Exempt Function Incm$436RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$38,101TotalIncomeProducingActyAmt

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 PersonJOSEPH P TRACYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Total Contributions$475,056TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1,179 DOT FOODS, INC. NON-VOTINGNoncashPropertyDesc
Fair Market Value$300,056FairMarketValueAmt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,340Amt
Net Investment Income$1,005NetInvestmentIncomeAmt
Adjusted Net Income$1,005AdjustedNetIncomeAmt
Disbursements Charitable Prps$335DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item15,789. DOT FOODS, INC-CLOSELY-HELDCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$2,511,913BookValueAmt
EOYFMV$5,309,051EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryATTORNEY FEECategoryTxt
Legal Fees$71LegalFeesAmt
Net Investment Income$53NetInvestmentIncomeAmt
Adjusted Net Income$53AdjustedNetIncomeAmt
Disbursements Charitable Prps$18DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
IL CHARITABLE ANNUAL REPORT F$15
MISCELLANEOUS$18

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescREFUNDDesc
Revenue And Expenses Per Books$436RevenueAndExpensesPerBooksAmt
Adjusted Net Income$436AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$500Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.