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TED AND ROWENA CROSBIE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
TED AND ROWENA CROSBIE FOUNDATION (EIN 81-4726692)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-06-14
IRS object ID
202231659349100508
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)
Return2022-06-14T09:40:39-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421104473PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MHCS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11601 W LAKES PKWY STE 300AddressLine1Txt
CityWEST DES MOINESCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50266ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814726692EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TED & ROWENA CROSBIE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTED&BusinessNameControlTxt
Phone5159719077PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROWENA CROSBIEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5159719077PhoneNum
Signature2022-05-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROWENAPersonFirstNm
Person LastCROSBIEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSEAN LARSON CPAPreparerPersonNm
PTINP00644747PTIN
Phone5152883279PhoneNum
Preparation2022-05-23PreparationDt
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$1,725,841FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$165,430ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$7InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$28,569DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,569DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$102,693NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$232,426GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$102,693CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$296,699TotalRevAndExpnssAmt
Total Net Invst Incm$131,269TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,100AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,100AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$15,735OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$15,735OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$387TaxesRevAndExpnssAmt
Taxes Net Invst Incm$387TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$18,322TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,222TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,100TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$83,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$83,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$101,322TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,222TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$84,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$195,377ExcessRevenueOverExpensesAmt
Net Investment Income$114,047NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$89,679SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$99,257SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$99,257SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$883,698CorporateStockBOYAmt
Corporate Stock EOY$961,626CorporateStockEOYAmt
Corporate Stock EOYFMV$1,515,287CorporateStockEOYFMVAmt
Corporate Bonds BOY$96,038CorporateBondsBOYAmt
Corporate Bonds EOY$116,255CorporateBondsEOYAmt
Corporate Bonds EOYFMV$111,297CorporateBondsEOYFMVAmt
Total Assets BOY$1,069,415TotalAssetsBOYAmt
Total Assets EOY$1,177,138TotalAssetsEOYAmt
Total Assets EOYFMV$1,725,841TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,069,415RetainedEarningBOYAmt
Retained Earning EOY$1,177,138RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,069,415TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,177,138TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,069,415TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,177,138TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,069,415TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$195,377ExcessRevenueOverExpensesAmt
Subtotal$1,264,792SubtotalAmt
Other Decreases$87,654OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,177,138TotNetAstOrFundBalancesEOYAmt

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
SCHWAB STP2021-01-012021-12-31$9,714$7,913$1,801$1,801
SCHWAB LTP2020-01-012021-12-31$220,219$121,820$98,399$98,399
FieldValueIRS element (for citing)
Capital Gain Net Income$102,693CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$1,801NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,585InvestmentIncomeExciseTaxAmt
Subtotal$1,585SubtotalAmt
Tax Based On Investment Income$1,585TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,605EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,605TotalPaymentsAndCreditsAmt
Overpayment$20OverpaymentAmt
Applied To ES Tax$20AppliedToESTaxAmt

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 StateIAOrgReportOrRegisterStateCd
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 BooksROWENA CROSBIEIndividualWithBooksNm
Phone5159719077PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
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

FieldValueIRS element (for citing)
PersonROWENA CROSBIEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$1,028,809AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$94,468AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,123,277TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,123,277AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,849CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,106,428NetVlNoncharitableAssetsAmt
Minimum Investment Return$55,321MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$55,321MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,585TaxBasedOnInvestmentIncomeAmt
Total Tax$1,585TotalTaxAmt
Distributable Before Adj$53,736DistributableBeforeAdjAmt
Distributable Before Ded$53,736DistributableBeforeDedAmt
Distributable As Adjusted$53,736DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$84,100ExpensesAndContributionsAmt
Qualifying Distributions$84,100QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$53,736DistributableAsAdjustedAmt
Undistributed Income PY$311UndistributedIncomePYAmt
Qualifying Distributions$84,100QualifyingDistributionsAmt
Applied To Year1$311AppliedToYear1Amt
Applied To Current Year$53,736AppliedToCurrentYearAmt
Remaining Distri From Corpus$30,053RemainingDistriFromCorpusAmt
Total Corpus$30,053TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$30,053ExcessDistriCyovToNextYrAmt
Excess From Current Year$30,053ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerROWENA CROSBIEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
WORLD FOOD PRIZE
100 LOCUST STREETDES MOINESIA50309501C3EDUCATION$30,000
CHRYSALIS FOUNDATION
1248 8TH STREET SUITE 101WEST DES MOINESIA50265501C3SUPPORT$1,000
VARIETY - THE CHILDREN'S CHARITY OF
505 5TH AVENUE SUITE 310DES MOINESIA50309501C3SUPPORT$1,000IOWA
GIRL SCOUTS
10715 HICKMAN ROADURBANDALEIA503223733501C3EDUCATION$1,000
FOOD BANK OF IOWA
PO BOX 1517DES MOINESIA50305501C3SUPPORT$10,000
URBAN DREAMS
601 FOREST AVENUEDES MOINESIA50314501C3SUPPORT$15,000
ROTARY DMAM FOUNDATION
32409 WILDWOOD DRIVEADELIA50003501C3SUPPORT$1,500
COUNT THE KICKS
PO BOX 71093CLIVEIA50325501C3SUPPORT$1,000
PUPPY JAKE FOUNDATION
PO BOX 12220DES MOINESIA50312501C3SUPPORT$1,000
AMERICAN PARKINSON DISEASE
PO BOX 61420STATEN ISLANDNY10306501C3SUPPORT$500ASSOCIATION
CENTRAL IOWA WATER TRAILS
PO BOX 8071DES MOINESIA50301501C3SUPPORT$5,000
AMERICAN HEART ASSOCIATION
8805 CHAMBERY BLVD 300JOHNSTONIA50131501C3SUPPORT$5,000
OBESITY AWARENESS IN ACTION
1151 EAGLE DR 177LOVELANDCO80537501C3SUPPORT$5,000
EVERYSTEP
3000 EASTON BOULEVARDDES MOINESIA503173124501C3SUPPORT$1,000
YSS
PO BOX 1628AMESIA50010501C3SUPPORT$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$83,000TotalGrantOrContriPdDurYrAmt

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$28,569ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$102,693ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$131,269ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$131,269TotalIncomeProducingActyAmt

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 PersonROWENA CROSBIEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE COURTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
FieldValueIRS element (for citing)
Total Contributions$165,430TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property357 OF ISHARES CORE S&P 500 ETFNoncashPropertyDesc
Fair Market Value$165,430FairMarketValueAmt
Received2021-12-17ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,200Amt
Net Investment Income$1,100NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,100DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondBONDSBondNm
EOY Book Value$116,255EOYBookValueAmt
EOYFMV$111,297EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKSStockNm
EOY Book Value$961,626EOYBookValueAmt
EOYFMV$1,515,287EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TO FMV ADJUSTMENT AT TIME OF STOCK DONATIONDesc
Amt$87,654Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$15,735Amt
Net Investment Income$15,735NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$387Amt
Net Investment Income$387NetInvestmentIncomeAmt

Comments

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