THE KARLA SCHERER FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE KARLA SCHERER FOUNDATION (EIN 38-2877392)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-12
- IRS object ID
- 202241329349102209
- Schema version
- 2021v4.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-12T11:56:28-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 383635706 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REHMANN ROBSON LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 218 N MAIN ST STE 102 | AddressLine1Txt |
| City | CHEBOYGAN | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49721 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382877392 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARLA SCHERER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KARL | BusinessNameControlTxt |
| Phone | 3129439191 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 N MICHIGAN AVE STE 2330 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KARLA SCHERER | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 3129439191 | PhoneNum |
| Signature | 2022-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KARLA | PersonFirstNm |
| Person Last | SCHERER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DEBRA C KITELEY | PreparerPersonNm |
| PTIN | P00188333 | PTIN |
| Phone | 2316273143 | PhoneNum |
| Preparation | 2022-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,788,277 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $20 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $20 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $164,676 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $164,676 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$16,855 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $142,316 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$18,424 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$2,143 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $129,417 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $162,553 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,545 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,273 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,273 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $3,163 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,104 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $961 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $97,048 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $24,262 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $72,786 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,621 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,238 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,384 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $118,338 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $31,877 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $83,443 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $150,700 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $150,700 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $269,038 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $31,877 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $234,143 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$139,621 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $130,676 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $344,774 | CashBOYAmt |
| Cash EOY | $353,754 | CashEOYAmt |
| Cash EOYFMV | $353,754 | CashEOYFMVAmt |
| Corporate Stock BOY | $4,960,664 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,239,466 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,239,466 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $192,034 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $93,422 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $93,422 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $52,741 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $83,222 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $83,222 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $107,417 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $93,554 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $14,826 | LandBOYAmt |
| Land EOY | $13,863 | LandEOYAmt |
| Land EOYFMV | $13,863 | LandEOYFMVAmt |
| Other Assets BOY | $4,550 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,550 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,550 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $5,569,589 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,788,277 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,788,277 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $5,569,589 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $6,788,277 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,569,589 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,788,277 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,569,589 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,788,277 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,569,589 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$139,621 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,358,309 | OtherIncreasesAmt |
| Subtotal | $6,788,277 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,788,277 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| JPM FIXED INCOME | P | $98,514 | $112,049 | -$13,535 | -$13,535 |
| BROOKFIELD PROPERTY PARTNERS | P | $43,802 | $47,122 | -$3,320 | -$3,320 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$16,855 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,816 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,816 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,816 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,800 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $1,800 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $16 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KARLA SCHERER | IndividualWithBooksNm |
| Phone | 3129439191 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVE STE NO 2330 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| KARLA SCHERER | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | CHRM-BD, CEO & TRUSTEE | 20.00 | $0 | $0 | $0 |
| HADLEY KIMBERLIN | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | TREASURER | 2.00 | $0 | $0 | $0 |
| AMANDA MCKENZIE | |||||||||
| 737 NORTH MICHIGAN AVENUE SUITE | 2330 | CHICAGO | IL | 60611 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,810,774 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $415,902 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $18,895 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $6,245,571 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $6,245,571 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $93,684 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $6,151,887 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $307,594 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $307,594 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,816 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,816 | TotalTaxAmt |
| Distributable Before Adj | $305,778 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $305,778 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $305,778 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $234,143 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $234,143 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $305,778 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $200,685 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $234,143 | QualifyingDistributionsAmt |
| Applied To Year1 | $200,685 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $33,458 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $272,320 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KARLA SCHERER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | KARLA SCHERER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 737 NORTH MICHIGAN AVENUE SUITE | AddressLine1Txt |
| Address Line2 | 2330 | AddressLine2Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3129439191 | RecipientPhoneNum |
| Form And Info And Materials | N/A | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | N/A | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| RUSH UNIVERSITY MEDICAL CENTER | ||||||
| 1620 W HARRISON ST | CHICAGO | IL | 60612 | PC | GENERAL FUND | $500 |
| ART INSTITUTE OF CHICAGO DEPT OF AMERICAN ART | ||||||
| 111 SOUTH MICHIGAN AVE | CHICAGO | IL | 60603 | PC | GENERAL FUND | $5,000 |
| FIELD MUSEUM | ||||||
| 1400 S LAKE SHORE DRIVE | CHICAGO | IL | 60605 | PC | GENERAL FUND | $10,000 |
| LYRIC OPERA OF CHICAGO | ||||||
| 20 N UPPER WACKER DR | CHICAGO | IL | 60606 | PC | GENERAL FUND | $5,000 |
| HEALTHNETWORK FOUNDATION | ||||||
| 33 RIVER STREET | CHAGRIN FALLS | OH | 44022 | PC | GENERAL FUND | $15,000 |
| KBACH FRIENDS OF PUBLIC RADIO ARIZONA | ||||||
| 2323 W 14TH STREET | TEMPE | AZ | 85281 | PC | GENERAL FUND | $1,000 |
| LIFELINE THEATRE | ||||||
| 6912 N GLENWOOD AVE | CHICAGO | IL | 60626 | PC | GENERAL FUND | $1,000 |
| WFMT | ||||||
| 5400 N ST LOUIS AVENUE | CHICAGO | IL | 60625 | PC | GENERAL FUND | $1,000 |
| PLANNED PARENTHOOD FEDERATION OF AMERICA | ||||||
| 1215 W FULTON MARKET | CHICAGO | IL | 60607 | PC | GENERAL FUND | $20,000 |
| PROVIDENCE ST MEL SCHOOL | ||||||
| 119 S CENTRAL PARK BLVD | CHICAGO | IL | 60624 | PC | GENERAL FUND | $2,000 |
| THE CHICAGO SYMPHONY ORCHESTRA | ||||||
| 220 S MICHIGAN AVE | CHICAGO | IL | 60604 | PC | GENERAL FUND | $5,000 |
| UNIVERSITY OF CHICAGO SCHERER CENTER | ||||||
| 5801 SOUTH ELLIS AVENUE | CHICAGO | IL | 60637 | PC | GENERAL FUND | $50,000 |
| NATIONAL PORTRAIT GALLERY | ||||||
| 40 ETTL LN UNIT 20 | GREENWICH | CT | 06831 | PC | GENERAL FUND | $25,000 |
| COURT THEATRE | ||||||
| 5535 SOUTH ELLIS AVENUE | CHICAGO | IL | 60637 | PC | GENERAL FUND | $10,000 |
| MICHIGAN SUPREME COURT SOCIETY | ||||||
| 925 W OTTAWA STREET | LANSING | MI | 48915 | PC | GENERAL FUND | $200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $150,700 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $20 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $164,676 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$16,855 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| PASS THRU - CALUMET SPECIALTY PRODUCTS PARTNERS | 900001 | -$16,281 | 14 | -$3,050 |
| PASS THRU - BROOKFIELD | 900001 | 14 | $907 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$16,281 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $145,698 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $129,417 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $10,545 | Amt |
| Net Investment Income | $5,273 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,273 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (39 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| FILING CABINETS | 1990-03-08 | $696 | $696 | SL | 7.000000000000 | $0 | $0 |
| FILING CABINETS | 1990-09-06 | $924 | $924 | SL | 7.000000000000 | $0 | $0 |
| OFFICE EQUIPMENT | 1990-05-10 | $1,314 | $1,314 | SL | 5.000000000000 | $0 | $0 |
| CONFERENCE ROOM FURNITURE | 1992-09-10 | $16,299 | $16,299 | SL | 7.000000000000 | $0 | $0 |
| OFFICE FURNITURE | 1992-08-10 | $5,742 | $5,742 | SL | 7.000000000000 | $0 | $0 |
| CALCULATOR | 1992-09-01 | $50 | $50 | SL | 7.000000000000 | $0 | $0 |
| APPLIANCES | 1992-08-01 | $179 | $179 | SL | 7.000000000000 | $0 | $0 |
| POSTAGE EQUIPMENT | 1992-09-10 | $2,090 | $2,090 | SL | 7.000000000000 | $0 | $0 |
| FILING CABINETS (5 DRAWER) | 1993-03-02 | $688 | $688 | SL | 7.000000000000 | $0 | $0 |
| SIGNS | 1993-06-03 | $2,138 | $2,138 | SL | 7.000000000000 | $0 | $0 |
| PARSON'S TABLE | 1993-12-09 | $850 | $850 | SL | 7.000000000000 | $0 | $0 |
| FILING CABINETS | 1995-03-08 | $1,149 | $1,149 | SL | 7.000000000000 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-23 | $12,303 | $7,431 | SL | 39.000000000000 | $315 | $0 |
| AREA RUG | 1997-05-23 | $8,250 | $8,250 | SL | 7.000000000000 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-19 | $3,067 | $1,863 | SL | 39.000000000000 | $79 | $0 |
| LEASEHOLD IMPROVEMENTS | 1997-05-23 | $22,120 | $13,372 | SL | 39.000000000000 | $567 | $0 |
| FILE CABINETS | 1997-06-17 | $2,194 | $2,194 | SL | 7.000000000000 | $0 | $0 |
| SOFA | 1997-06-23 | $6,140 | $6,140 | SL | 7.000000000000 | $0 | $0 |
| 2 CHAIRS | 1997-06-23 | $5,430 | $5,430 | SL | 7.000000000000 | $0 | $0 |
| CREDENZA, 2 BOOK CASES & DESKTOP | 1997-07-03 | $11,373 | $11,373 | SL | 7.000000000000 | $0 | $0 |
| HP LASERJET 5 PRINTER | 1997-07-08 | $1,209 | $1,209 | SL | 5.000000000000 | $0 | $0 |
| 20" TV & VCR | 1997-07-10 | $500 | $500 | SL | 7.000000000000 | $0 | $0 |
| 3 DESK CHAIRS | 1997-10-08 | $394 | $394 | SL | 7.000000000000 | $0 | $0 |
| COMPUTER SERVER | 1999-10-09 | $839 | $839 | SL | 5.000000000000 | $0 | $0 |
| BATTERY PACK | 1999-03-08 | $455 | $455 | SL | 5.000000000000 | $0 | $0 |
| COMPUTER & CABLE | 1999-10-09 | $953 | $953 | SL | 5.000000000000 | $0 | $0 |
| PRINTER & CABLE | 1999-10-06 | $735 | $735 | SL | 5.000000000000 | $0 | $0 |
| SCANNER | 1999-10-06 | $150 | $150 | SL | 5.000000000000 | $0 | $0 |
| COPIER / FAX MACHINE | 2002-02-01 | $3,703 | $3,703 | SL | 5.000000000000 | $0 | $0 |
| MONITOR | 2005-05-07 | $391 | $391 | SL | 5.000000000000 | $0 | $0 |
| COMPUTER | 2005-06-01 | $1,147 | $1,147 | SL | 5.000000000000 | $0 | $0 |
| PHONE SYSTEM | 2007-02-27 | $764 | $764 | SL | 7.000000000000 | $0 | $0 |
| COPIER / FAX MACHINE | 2008-02-21 | $2,199 | $2,199 | SL | 5.000000000000 | $0 | $0 |
| COPIER / FAX MACHINE | 2008-03-14 | $524 | $524 | SL | 5.000000000000 | $0 | $0 |
| COPIER / FAX MACHINE | 2008-04-01 | $414 | $414 | SL | 5.000000000000 | $0 | $0 |
| HP TOUCHSMART 610 COMPUTER | 2011-05-05 | $12,990 | $12,990 | SL | 5.000000000000 | $0 | $0 |
| DESK CHAIR | 2011-03-21 | $1,389 | $1,389 | SL | 7.000000000000 | $0 | $0 |
| ELECTRIC POSTAGE SCALE | 2014-03-29 | $131 | $131 | SL | 5.000000000000 | $0 | $0 |
| SHREDDER | 2015-02-24 | $244 | $244 | SL | 5.000000000000 | $0 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | NUVEEN GLOBAL H-A FD | BondNm |
| EOY Book Value | $93,422 | EOYBookValueAmt |
| EOYFMV | $93,422 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (40 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES | $140,740 | $140,740 |
| ABBVIE INC COM | $135,400 | $135,400 |
| ANNALY CAPITAL MANAGEMENT INC. | $23,460 | $23,460 |
| AVANOS MED INC | $8,668 | $8,668 |
| BLACKROCK INTL GROWTH | $56,520 | $56,520 |
| BRISTOL MYERS SQUIBB CO | $249,400 | $249,400 |
| BROOKFIELD ASSET MANAGE | $12,921 | $12,921 |
| CARRIER GLOBAL CORP. | $108,480 | $108,480 |
| CBL & ASSOC PROP. | $718 | $718 |
| CHEMOURS CO | $20,136 | $20,136 |
| CHEVRON CORP NEW | $234,700 | $234,700 |
| CIGNA CORP NEW | $55,800 | $55,800 |
| CONOCOPHILLIPS | $144,360 | $144,360 |
| CORTEVA INC | $60,613 | $60,613 |
| DARDEN RESTAURANTS INC | $150,640 | $150,640 |
| DEERE & CO | $171,445 | $171,445 |
| DOW INC | $72,715 | $72,715 |
| DUPONT DE NEMOURS INC | $49,195 | $49,195 |
| ELI LILLY AND CO | $1,104,880 | $1,104,880 |
| EXELON CORP | $57,760 | $57,760 |
| EXXON MOBIL | $61,190 | $61,190 |
| FOUR CORNERS PROPERTY TRUST | $14,676 | $14,676 |
| HEALTHPEAK PPTYS INC | $175,614 | $175,614 |
| INTL FLAVORS & FRAGRANCES | $72,764 | $72,764 |
| KELLOGG COMPANY | $128,840 | $128,840 |
| KIMBERLY CLARK CORP. | $285,840 | $285,840 |
| KKR & CO INC | $265,965 | $265,965 |
| MERCK & CO INC | $536,480 | $536,480 |
| ORGANON & CO | $21,315 | $21,315 |
| OTIS WORLDWIDE CORP | $87,070 | $87,070 |
| PFIZER | $590,500 | $590,500 |
| PROCTOR & GAMBLE CO | $163,580 | $163,580 |
| RAYTHEON TECHNOLOGIES CORP | $172,120 | $172,120 |
| ROYAL DUTCH SHELL PLC | $86,800 | $86,800 |
| UNITI GROUP INC | $11,264 | $11,264 |
| VERIZON COMMUNICATIONS | $220,103 | $220,103 |
| VIATRIS INC | $16,777 | $16,777 |
| VOLKSWAGEN AG | $117,117 | $117,117 |
| WALMART INC | $289,380 | $289,380 |
| ZIMMER BIOMET HOLDINGS INC | $63,520 | $63,520 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BROOKFIELD PROP PFD | FMV | $4,022 | $4,022 |
| CALUMET SPECIALTY PRODS | FMV | $79,200 | $79,200 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| CONFERENCE ROOM FURNITURE | $16,299 | $16,299 | $0 | $0 |
| OFFICE FURNITURE | $5,742 | $5,742 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | $12,303 | $7,746 | $4,557 | $4,557 |
| AREA RUG | $8,250 | $8,250 | $0 | $0 |
| LEASEHOLD IMPROVEMENTS | $3,067 | $1,942 | $1,125 | $1,125 |
| LEASEHOLD IMPROVEMENTS | $22,120 | $13,939 | $8,181 | $8,181 |
| SOFA | $6,140 | $6,140 | $0 | $0 |
| 2 CHAIRS | $5,430 | $5,430 | $0 | $0 |
| CREDENZA, 2 BOOK CASES & DESKTOP | $11,373 | $11,373 | $0 | $0 |
| COPIER / FAX MACHINE | $3,703 | $3,703 | $0 | $0 |
| HP TOUCHSMART 610 COMPUTER | $12,990 | $12,990 | $0 | $0 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ARTWORK | Desc |
| BOY Book Value | $4,550 | BOYBookValueAmt |
| EOY Book Value | $4,550 | EOYBookValueAmt |
| EOYFMV | $4,550 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TELEPHONE | $1,566 | $392 | $1,175 |
| VOLUNTEER PARKING EXPENSE | $3,348 | $0 | $3,348 |
| OFFICE EXPENSE | $32 | $8 | $24 |
| INSURANCE | $569 | $569 | $0 |
| MISCELLANEOUS | $15 | $4 | $11 |
| UTILITIES | $901 | $225 | $676 |
| IT SUPPORT | $160 | $40 | $120 |
| FILING FEES | $30 | $0 | $30 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PASS THRU - CALUMET SPECIALTY PRODUCTS PARTNERS | -$19,331 | -$3,050 | -$19,331 |
| PASS THRU - BROOKFIELD | $907 | $907 | $907 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET CHANGE IN UNREALIZED GAIN | Desc |
| Amt | $1,358,309 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $1,104 | $1,104 | $0 |
| EXCISE TAXES | $2,059 | $0 | $0 |
Comments