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RITA BARBOUR KERN FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RITA BARBOUR KERN FOUNDATION (EIN 46-4475109)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202231369349100348
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)
Return2022-05-16T07:55:33-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN344404967PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eastman & Smith LtdBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 10032AddressLine1Txt
CityToledoCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43699ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464475109EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Rita Barbour Kern FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRITABusinessNameControlTxt
Phone4192471679PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One Seagate 27AddressLine1Txt
CityToledoCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43604ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid C KrockPersonNm
Person TitleTrusteePersonTitleTxt
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDavid CPersonFirstNm
Person LastKrockPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDavid C KrockPreparerPersonNm
PTINP00849569PTIN
Phone4192416000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$27,459,249FMVAssetsEOYAmt
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$362InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$362InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$405,420DividendsRevAndExpnssAmt
Dividends Net Invst Incm$405,420DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$520,459NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,881,764GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$520,459CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$123,242OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,049,483TotalRevAndExpnssAmt
Total Net Invst Incm$926,241TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$30,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$13,333CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$16,667CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$35,514LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$4,900LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$30,614LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$62,111OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$62,111OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$22,818TaxesRevAndExpnssAmt
Taxes Net Invst Incm$22,818TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$363OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$150,806TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$103,162TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$47,281TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,196,085ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,196,085ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,346,891TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$103,162TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,243,366TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$297,408ExcessRevenueOverExpensesAmt
Net Investment Income$823,079NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,270,609SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,361,723SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,361,723SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$14,679,126CorporateStockBOYAmt
Corporate Stock EOY$14,229,134CorporateStockEOYAmt
Corporate Stock EOYFMV$20,980,474CorporateStockEOYFMVAmt
Corporate Bonds BOY$2,013,665CorporateBondsBOYAmt
Corporate Bonds EOY$3,100,880CorporateBondsEOYAmt
Corporate Bonds EOYFMV$3,117,052CorporateBondsEOYFMVAmt
Other Assets BOY$18,646OtherAssetsBOYAmt
Other Assets EOY-$7,099OtherAssetsEOYAmt
Total Assets BOY$20,982,046TotalAssetsBOYAmt
Total Assets EOY$20,684,638TotalAssetsEOYAmt
Total Assets EOYFMV$27,459,249TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$20,982,046CapitalStockBOYAmt
Capital Stock EOY$20,684,638CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$20,982,046TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,684,638TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$20,982,046TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,684,638TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$20,982,046TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$297,408ExcessRevenueOverExpensesAmt
Subtotal$20,684,638SubtotalAmt
Tot Net Ast Or Fund Balances EOY$20,684,638TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly traded securitiesP$242,042$161,952$80,090$80,090
Publicly traded securitiesP$38,159$36,900$1,259$1,259
Publicly traded securitiesP$1,826,482$1,645,680$180,802$180,802
Publicly traded securitiesP$882,593$733,867$148,726$148,726
Publicly traded securitiesP$892,488$782,906$109,582$109,582
FieldValueIRS element (for citing)
Capital Gain Net Income$520,459CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,441InvestmentIncomeExciseTaxAmt
Subtotal$11,441SubtotalAmt
Tax Based On Investment Income$11,441TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$17,890EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$17,890TotalPaymentsAndCreditsAmt
Overpayment$6,449OverpaymentAmt
Applied To ES Tax$6,449AppliedToESTaxAmt

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 StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1David C KrockBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4192471679PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1One Seagate 27th FloorAddressLine1Txt
CityToledoCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43604ZIPCd
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
Nan L Wallace
337 Hillside DriveRossfordOH43460Trustee0.50$5,000
Roger Berkowitz
3000 Galloway Ridge Apt C005PittsboroNC27231Trustee1.50$7,500
David C Krock
3039 Sugar Ridge RoadPembervilleOH43450Trustee2.00$7,500
Nancy E Hibbert
2718 SandalwoodToledoOH43614Trustee1.00$5,000
Carolyn M Putney
4343 W Bancroft Street 3BToledoOH43615Trustee0.50$5,000
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/A no direct charitable activitiesDescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$22,305,396AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,808,391AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$26,113,787TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$26,113,787AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$391,707CashDeemedCharitableAmt
Net Vl Noncharitable Assets$25,722,080NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,286,104MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,286,104MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,441TaxBasedOnInvestmentIncomeAmt
Total Tax$11,441TotalTaxAmt
Distributable Before Adj$1,274,663DistributableBeforeAdjAmt
Distributable Before Ded$1,274,663DistributableBeforeDedAmt
Distributable As Adjusted$1,274,663DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,243,366ExpensesAndContributionsAmt
Qualifying Distributions$1,243,366QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,274,663DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$19,063ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$98,501ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$117,564TotalExcessDistributionCyovAmt
Qualifying Distributions$1,243,366QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,243,366AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$31,297ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$31,297ExcessDistributionCyovAppCYAmt
Total Corpus$86,267TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$86,267ExcessDistriCyovToNextYrAmt
Excess From Year2$86,267ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
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
Toledo Museum of Art
2445 Monroe StreetToledoOH43620PCGift to qualified charitable organization pursuant to the terms of the Foundation$688,680
Toledo Orchestra Association
1838 Parkwood AvenueToledoOH43697PCGift to qualified charitable organization pursuant to the terms of the Foundation$495,000
Dorset Village Library
P O Box 28DorsetVT05251PCGift to qualified charitable organizatio pursuant to the terms of the Foundation.$12,405
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,196,085TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$362RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$405,420RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$123,242RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$520,459RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,049,483RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,049,483TotalIncomeProducingActyAmt

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

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationIn lieu of furnishing a copy of FORM 990-PF, the foundation files an annual charitable report with the office of the Ohio Attorney General under the Ohio Charitable Trust Act.ExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxtLegal FeesLegalFeesAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
LEGAL FEES PAID 5/20/2022$18,736$2,450$0$16,286
LEGAL FEES PAID 9/01/2022$16,778$2,450$0$14,328

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDifferences tax/cash reportingDesc
BOY Book Value$18,646BOYBookValueAmt
EOY Book Value-$7,099EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Lacerte, tax charge$113
Miscellaneous$51
Ohio Atty Genl annual fee$100
Schwab check fees$99

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$123,242RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Fee credit$700-$700$0$0
Fourth Quarter Schwab Advisory$19,268$19,268$0$0
Second Quarter Schwab Advisory$24,075$24,075$0$0
Third Quarter Schwab Advisory$19,468$19,468$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
2020 FORM 990 TAX$3,541$3,541
2021 FORM 990 ESTIMATED TAX PAYMENTS$17,890$17,890
UBS ACT NO DW 20086-FOREIGN TAX WITHHELD$1,387$1,387

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