BETA

THE HELM FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE HELM FOUNDATION INC (EIN 26-0001014)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-15
IRS object ID
202241359349100404
Schema version
2020v4.1
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)
Return2022-05-15T09:52:20-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARCUM LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 MELVILLE PARK RDAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260001014EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HELM FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% SCOTT HELMInCareOfNm
Business Name ControlHELMBusinessNameControlTxt
Phone6314144000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o MARCUM LLP-10 MELVILLE PARK RDAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT HELMPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6314144000PhoneNum
Signature2022-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSCOTTPersonFirstNm
Person LastHELMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRONALD FINKELSTEINPreparerPersonNm
PTINP00301744PTIN
Phone6314144000PhoneNum
Preparation2022-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial Return Former Pub ChrtyYes (X)InitialReturnFormerPubChrtyInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,882,652FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$12,351DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,351DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$86,969NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$175,508GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$86,969CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$4OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$4OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$99,324TotalRevAndExpnssAmt
Total Net Invst Incm$99,324TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$17,500TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$45,455DeprecAndDpltnRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$62,955TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$205,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$205,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$267,955TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$205,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$168,631ExcessRevenueOverExpensesAmt
Net Investment Income$99,324NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$20,589CashBOYAmt
Cash EOY$20,589CashEOYAmt
Cash EOYFMV$20,589CashEOYFMVAmt
Sav And Temp Cash Invst BOY$159,090SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$84,453SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$84,453SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$738,108CorporateStockBOYAmt
Corporate Stock EOY$689,569CorporateStockEOYAmt
Corporate Stock EOYFMV$886,335CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,280,640LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$389,365LandBldgEquipAccumDeprecAmt
Land BOY$936,730LandBOYAmt
Land EOY$891,275LandEOYAmt
Land EOYFMV$891,275LandEOYFMVAmt
Total Assets BOY$1,854,517TotalAssetsBOYAmt
Total Assets EOY$1,685,886TotalAssetsEOYAmt
Total Assets EOYFMV$1,882,652TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,854,517CapitalStockBOYAmt
Capital Stock EOY$1,685,886CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,854,517TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,685,886TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,854,517TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,685,886TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,854,517TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$168,631ExcessRevenueOverExpensesAmt
Subtotal$1,685,886SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,685,886TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$122,447$52,043$70,404$70,404
PUBLICLY TRADED SECURITIESP$45,000$36,496$8,504$8,504
CAPITAL GAIN DIVIDENDSP$8,061
CAPITAL GAIN DIVIDENDSP$8,061
FieldValueIRS element (for citing)
Capital Gain Net Income$86,969CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,381InvestmentIncomeExciseTaxAmt
Subtotal$1,381SubtotalAmt
Tax Based On Investment Income$1,381TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,272EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$6,272TotalPaymentsAndCreditsAmt
Overpayment$4,891OverpaymentAmt
Applied To ES Tax$4,891AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SCOTT HELMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6314144000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O MARCUMLLP- 10 MELVILLE PARK ROAAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
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
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Lesley Malin Helm
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747President1.0$0$0$0
Scott Helm
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747VP, Secretary and Treasurer2.0$0$0$0
Gladys M Helm
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747Director1.0$0$0$0
JoAnne C Malin
c/o MARCUM LLP-10 MELVILLE PARK RDMELVILLENY11747Director1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$842,952AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$52,768AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$895,720TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$895,720AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,436CashDeemedCharitableAmt
Net Vl Noncharitable Assets$882,284NetVlNoncharitableAssetsAmt
Minimum Investment Return$44,114MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$44,114MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,381TaxBasedOnInvestmentIncomeAmt
Total Tax$1,381TotalTaxAmt
Distributable Before Adj$42,733DistributableBeforeAdjAmt
Distributable Before Ded$42,733DistributableBeforeDedAmt
Distributable As Adjusted$42,733DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$205,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$205,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$205,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$42,733DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$459,755ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$156,261ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$155,308ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$162,899ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$934,223TotalExcessDistributionCyovAmt
Qualifying Distributions$205,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$42,733AppliedToCurrentYearAmt
Remaining Distri From Corpus$162,267RemainingDistriFromCorpusAmt
Total Corpus$1,096,490TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$459,755ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$636,735ExcessDistriCyovToNextYrAmt
Excess From Year4$156,261ExcessFromYear4Amt
Excess From Year2$155,308ExcessFromYear2Amt
Excess From Year1$162,899ExcessFromYear1Amt
Excess From Current Year$162,267ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSCOTT HELMContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE STATEMENT BBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHEDAddressLine1Txt
CitySEE ATTACHEDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$205,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$205,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,351ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$86,969ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Exclusion$4ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$99,324ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$99,324TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyBUILDINGPropertyDesc
Acquired2014-02-01AcquiredDt
Cost Or Other Basis$1,250,000CostOrOtherBasisAmt
Prior Year Depreciation$343,910PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Life27LifeRt
Current Year Expense$45,455CurrentYearExpenseAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
XCEL ENERGY$0
MARKETABLE SECURITIES- STMT A$689,569$886,335

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemBUILDINGCategoryOrItemTxt
Cost Or Other Basis$1,250,000CostOrOtherBasisAmt
Accumulated Depreciation$389,365AccumulatedDepreciationAmt
Book Value$860,635BookValueAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINVESTMENT ADVISORY FEEDesc
Revenue And Expenses Per Books$4RevenueAndExpensesPerBooksAmt
Net Investment Income$4NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAX PAYMENTSCategoryTxt
Amt$17,500Amt

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