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KARA J TROTT FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KARA J TROTT FAMILY FOUNDATION (EIN 82-1454838)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-26
IRS object ID
202241169349102264
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)
Return2022-04-26T16:21:07-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN310984945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WHALEN & COMPANY CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1250 WEST OLD WILSON BRIDGE ROAD STEAddressLine1Txt
CityWORTHINGTONCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43085ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN821454838EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KARA J TROTT FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKARABusinessNameControlTxt
Phone6147442936PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1294 E GAY STREETAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP432153212ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKARA J TROTTPersonNm
Person TitleDIR,PRESIDENT,TREAS.PersonTitleTxt
Phone6147442936PhoneNum
Signature2022-04-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKARAPersonFirstNm
Person LastTROTTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPATRICK J MCCLARY CPAPreparerPersonNm
PTINP00407485PTIN
Phone6143964200PhoneNum
Preparation2022-04-25PreparationDt
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$6,012,016FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$997,126ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$57InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$57InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$57InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$85,046DividendsRevAndExpnssAmt
Dividends Net Invst Incm$85,046DividendsNetInvstIncmAmt
Dividends Adj Net Incm$85,046DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$474,134NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,538,327GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$63,809CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,556,363TotalRevAndExpnssAmt
Total Net Invst Incm$148,912TotalNetInvstIncmAmt
Total Adj Net Incm$85,103TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$1,974LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$1,974LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss$1,466TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,466TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$31,408OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$18,662OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$12,746OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$34,848TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,128TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$14,720TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$500,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$500,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$534,848TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,128TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$514,720TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,021,515ExcessRevenueOverExpensesAmt
Net Investment Income$128,784NetInvestmentIncomeAmt
Adjusted Net Income$85,103AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,019,703SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$257,606SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$257,606SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$5,754,410CorporateStockEOYAmt
Corporate Stock EOYFMV$5,754,410CorporateStockEOYFMVAmt
Total Assets BOY$5,019,703TotalAssetsBOYAmt
Total Assets EOY$6,012,016TotalAssetsEOYAmt
Total Assets EOYFMV$6,012,016TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$5,019,703NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$6,012,016NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$5,019,703TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,012,016TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,019,703TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,012,016TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,019,703TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,021,515ExcessRevenueOverExpensesAmt
Subtotal$6,041,218SubtotalAmt
Other Decreases$29,202OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$6,012,016TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$63,809CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,790InvestmentIncomeExciseTaxAmt
Subtotal$1,790SubtotalAmt
Tax Based On Investment Income$1,790TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$900EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$900TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$22EsPenaltyAmt
Tax Due$912TaxDueAmt

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
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 BooksKARA TROTTIndividualWithBooksNm
Phone8002572038PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1294 E GAY STREETAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43215ZIPCd
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
KARA J TROTT
294 E GAY STREETCOLUMBUSOH43215DIR,PRESIDEN000.00$0$0$0
ROBERT W PHILIPS
294 E GAY STREETCOLUMBUSOH43215DIRECTOR, SE000.00$0$0$0
MIKHAIL ALEXANDER GEBHARDT
294 E GAY STREETCOLUMBUSOH432153212DIRECTOR000.00$0$0$0
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$4,512,541AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$669,072AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,181,613TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,181,613AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$77,724CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,103,889NetVlNoncharitableAssetsAmt
Minimum Investment Return$255,194MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$255,194MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,790TaxBasedOnInvestmentIncomeAmt
Total Tax$1,790TotalTaxAmt
Distributable Before Adj$253,404DistributableBeforeAdjAmt
Distributable Before Ded$253,404DistributableBeforeDedAmt
Distributable As Adjusted$253,404DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$514,720ExpensesAndContributionsAmt
Qualifying Distributions$514,720QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$253,404DistributableAsAdjustedAmt
Undistributed Income PY$6,060UndistributedIncomePYAmt
Qualifying Distributions$514,720QualifyingDistributionsAmt
Applied To Year1$6,060AppliedToYear1Amt
Applied To Current Year$253,404AppliedToCurrentYearAmt
Remaining Distri From Corpus$255,256RemainingDistriFromCorpusAmt
Total Corpus$255,256TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$255,256ExcessDistriCyovToNextYrAmt
Excess From Current Year$255,256ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKARA J TROTTContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HEARTLAND HIGH SCHOOL
760 E BROAD STREETCOLUMBUSOH43205N/A501(C)(3)TROTT FAMILY SCHOLARSHIP FUND$200,000
MAKE-A-WISH FOUNDATION OF OH KY IN
2545 FARMERS DR 300COLUMBUSOH43235N/A501(C)(3)GRANTING WISHES DELAYED DUE TO COVID$250,000
HEARTLAND HIGH SCHOOL
760 E BROAD STREETCOLUMBUSOH43205N/A501(C)(3)PRESENTING SPONSOR WERECOVER SCHOLA$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$500,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$57ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$85,046ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$474,134RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$85,103ExclusionAmt
Related Or Exempt Function Incm$474,134RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$559,237TotalIncomeProducingActyAmt

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 PersonKARA J TROTTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1294 E GAY STREETAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP432153212ZIPCd
FieldValueIRS element (for citing)
Total Contributions$997,126TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (10 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1TEXTRON INC 842 SH$63,2472021-12-07
1GENERAL MOTORS 1,097 SH$67,5092021-12-07
1QUANTA SVCS INC 643 SH$74,5882021-12-07
1CONOCOPHILLIPS 1,154 SH$86,5852021-12-07
1ON SEMICONDUCTOR 1,413 SH$91,8172021-12-07
1BANK OF AMERICA CORP 3,589 SH$160,3212021-12-07
1CHARLES SCHWAB CORP 1,010 SH$82,3762021-12-07
1ALPHABET INC CL A 46 SH$134,6692021-12-07
1PROLOGIS 581 SH$91,7832021-12-07
1LOWES COMPANIES 275 SH$70,1172021-12-07

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetNATIONAL FINANCIAL SERV 0167 STCAssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Gross Sales Price$1,474,518GrossSalesPriceAmt
Basis$1,064,193BasisAmt
Total Net$410,325TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
NATIONAL FIN 0167 MUTUAL FUNDS$4,994,217$4,994,217
NATIONAL FIN 1067 EXCHANGE TRADED$760,193$760,193

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$1,974LegalFeesAmt
Disbursements Charitable Prps$1,974DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNATIONAL FINANCIAL UNREALIZED LOSSDesc
Amt$29,202Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
MANAGEMENT FEE - INVESTMENTS$18,602$18,602
OHIO REGISTRATION ANNUAL FEES$200$200
FOUNDATION ADMINISTRATION$12,546$12,546
BANK FEES$60$60

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES (INVESTMENTS)CategoryTxt
Amt$1,466Amt
Net Investment Income$1,466NetInvestmentIncomeAmt

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