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BENCK FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BENCK FAMILY FOUNDATION (EIN 82-3503103)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-02-14
IRS object ID
202240459349100309
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)
Return2022-02-14T10:54:13-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN852555361PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HANSEN PLAHM & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18180 S CASS AVEAddressLine1Txt
CityDARIENCityNm
State AbbreviationILStateAbbreviationCd
ZIP605615013ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823503103EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BENCK FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBENCBusinessNameControlTxt
Phone6309688897PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line139 S FOREST AVENUEAddressLine1Txt
CityNAPERVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP60540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDIANE BENCKPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone6309688897PhoneNum
Signature2022-02-07SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDIANEPersonFirstNm
Person LastBENCKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRIS STEIN CPAPreparerPersonNm
PTINP01241273PTIN
Phone6309688897PhoneNum
Preparation2022-02-07PreparationDt
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$8,239,777FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,179,134ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$316,227DividendsRevAndExpnssAmt
Dividends Net Invst Incm$316,227DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,030,890NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$4,889,819GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,030,890CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,526,251TotalRevAndExpnssAmt
Total Net Invst Incm$1,347,117TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,650AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,650AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$10,799TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$30,242OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$30,242OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$43,691TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$32,892TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$747,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$747,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$791,191TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$32,892TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$747,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,735,060ExcessRevenueOverExpensesAmt
Net Investment Income$1,314,225NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$18,782CashBOYAmt
Cash EOY$32,725CashEOYAmt
Cash EOYFMV$32,725CashEOYFMVAmt
Sav And Temp Cash Invst BOY$195,954SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$343,655SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$343,655SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$4,527,952CorporateStockBOYAmt
Corporate Stock EOY$6,101,368CorporateStockEOYAmt
Corporate Stock EOYFMV$7,863,397CorporateStockEOYFMVAmt
Total Assets BOY$4,742,688TotalAssetsBOYAmt
Total Assets EOY$6,477,748TotalAssetsEOYAmt
Total Assets EOYFMV$8,239,777TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$4,742,688NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$6,477,748NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$4,742,688TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,477,748TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,742,688TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,477,748TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,742,688TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,735,060ExcessRevenueOverExpensesAmt
Subtotal$6,477,748SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,477,748TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$441,770$396,366$45,404$45,404
PUBLICLY TRADED SECURITIESP$4,448,049$3,462,563$985,486$985,486
FieldValueIRS element (for citing)
Capital Gain Net Income$1,030,890CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$45,404NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18,268InvestmentIncomeExciseTaxAmt
Subtotal$18,268SubtotalAmt
Tax Based On Investment Income$18,268TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,700EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,700TotalPaymentsAndCreditsAmt
Tax Due$12,568TaxDueAmt

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
Website AddressN/AWebsiteAddressTxt
Individual With BooksDIANE BENCKIndividualWithBooksNm
Phone6309688897PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line139 S FOREST AVENUEAddressLine1Txt
CityNAPERVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP60540ZIPCd
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)
PersonDIANE BENCKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line139 S FOREST AVENUEAddressLine1Txt
CityNAPERVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP60540ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
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$7,845,748AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$395,167AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,240,915TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,240,915AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$123,614CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,117,301NetVlNoncharitableAssetsAmt
Minimum Investment Return$405,865MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$405,865MinimumInvestmentReturnAmt
Tax Based On Investment Income$18,268TaxBasedOnInvestmentIncomeAmt
Total Tax$18,268TotalTaxAmt
Distributable Before Adj$387,597DistributableBeforeAdjAmt
Distributable Before Ded$387,597DistributableBeforeDedAmt
Distributable As Adjusted$387,597DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$747,500ExpensesAndContributionsAmt
Qualifying Distributions$747,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$387,597DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$31,511ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$112,278ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$22,518ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$166,307TotalExcessDistributionCyovAmt
Qualifying Distributions$747,500QualifyingDistributionsAmt
Applied To Current Year$387,597AppliedToCurrentYearAmt
Remaining Distri From Corpus$359,903RemainingDistriFromCorpusAmt
Total Corpus$526,210TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$526,210ExcessDistriCyovToNextYrAmt
Excess From Year3$31,511ExcessFromYear3Amt
Excess From Year2$112,278ExcessFromYear2Amt
Excess From Year1$22,518ExcessFromYear1Amt
Excess From Current Year$359,903ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
LITTLE FRIENDS
140 N WRIGHT STREETNAPERVILLEIL60540NONEPCGENERAL$100,000
LOAVES & FISHES COMMUNITY SERVICES
1871 HIGH GROVE LANENAPERVILLEIL60540NONEPCGENERAL$100,000
NAPERVILLE HERITAGE SOCIETY
523 S WEBSTER STNAPERVILLEIL60540NONEPCGENERAL$100,000
THE SALVATION ARMY
5040 NORTH PULASKI ROADCHICAGOIL606302788NONEPCGENERAL$10,000
WAYSIDE CROSS MINISTRIES
215 E NEW YORK STREETAURORAIL605053491NONEPCGENERAL$5,000
MERCY HOME FOR BOYS AND GIRLS
1140 W JACKSON BOULEVARDCHICAGOIL60607NONEPCGENERAL$5,000
THE ART INSTITUTE OF CHICAGO
111 SOUTH MICHIGAN AVECHICAGOIL60603NONEPCGENERAL$10,000
CHICAGO SYMPHONY ORCHESTRA
220 S MICHIGAN AVECHICAGOIL60604NONEPCGENERAL$10,000
CALS ANGELS
2422 W MAIN ST UNIT 3BST CHARLESIL60175NONEPCGENERAL$5,000
THE NIGHT MINISTRY
1735 N ASHLAND AVENUECHICAGOIL60622NONEPCGENERAL$2,500SUITE 2000
NAPERVILLE INTERPRETIVE CENTER
523 S WEBSTER STNAPERVILLEIL60540NONEPCGENERAL$400,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$747,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$316,227ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,030,890ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,347,117ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,347,117TotalIncomeProducingActyAmt

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
RICHARD W BENCK
19S051 CHANDELLE DRIVENAPERVILLEIL60564$990,916Yes (X)
MARY A BENCK
29S051 CHANDELLE DRIVENAPERVILLEIL60564$990,914Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1PUBLICLY TRADED SECURITIES$990,9162021-01-26
2PUBLICLY TRADED SECURITIES$990,9142021-01-26

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$2,650Amt
Net Investment Income$2,650NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFIFTH THIRD INVESTMENTSStockNm
EOY Book Value$6,101,368EOYBookValueAmt
EOYFMV$7,863,397EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT MANAGEMENT FEES$30,134$30,134
BANK FEES$108$108

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAXES$5,099
FEDERAL TAXES$5,700

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