BETA

ROBET FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ROBET FOUNDATION INC (EIN 20-5260732)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-10
IRS object ID
202203149349103275
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-10T23:17:32-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN274374744PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Fiduciary Tax Services LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1400 S Walnut Street Ste 200AddressLine1Txt
CityMuncieCityNm
State AbbreviationINStateAbbreviationCd
ZIP47305ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205260732EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBET FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1400 S WALNUT STREETAddressLine1Txt
CityMUNCIECityNm
State AbbreviationINStateAbbreviationCd
ZIP47305ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES P BORGMANNPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone7652883651PhoneNum
Signature2022-11-10SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastBORGMANNPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTracy O OsbornePreparerPersonNm
PTINP00054497PTIN
Phone7652883651PhoneNum
Preparation2022-11-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
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$5,239,795FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$50InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$50InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$105,512DividendsRevAndExpnssAmt
Dividends Net Invst Incm$105,512DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$354,416NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$416,029GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$354,416CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$600OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$460,578TotalRevAndExpnssAmt
Total Net Invst Incm$459,978TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$17,866OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$13,400OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$4,466OtherProfFeesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$17,866TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,400TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,466TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$228,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$228,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$245,866TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,400TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$232,466TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$214,712ExcessRevenueOverExpensesAmt
Net Investment Income$446,578NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$80,264SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$231,589SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$231,589SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,051,617CorporateStockBOYAmt
Corporate Stock EOY$1,990,004CorporateStockEOYAmt
Corporate Stock EOYFMV$3,681,182CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,159,174CorporateBondsBOYAmt
Corporate Bonds EOY$1,284,174CorporateBondsEOYAmt
Corporate Bonds EOYFMV$1,327,024CorporateBondsEOYFMVAmt
Total Assets BOY$3,291,055TotalAssetsBOYAmt
Total Assets EOY$3,505,767TotalAssetsEOYAmt
Total Assets EOYFMV$5,239,795TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$3,291,055CapitalStockBOYAmt
Capital Stock EOY$3,505,767CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$3,291,055TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,505,767TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,291,055TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,505,767TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,291,055TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$214,712ExcessRevenueOverExpensesAmt
Subtotal$3,505,767SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,505,767TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
CAPITAL GAIN DISTRIBUTIONSP$124,959$124,959$124,959
VARIOUS LONGTERM SALES SEE ATTACHEDP$291,070$229,457$229,457$61,613
FieldValueIRS element (for citing)
Capital Gain Net Income$354,416CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,207InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6,207SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6,207TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,157EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$3,400ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$6,557TotalPaymentsAndCreditsAmt
Overpayment$350OverpaymentAmt
Refund$350RefundAmt

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 StateINOrgReportOrRegisterStateCd
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
Individual With BooksJAMES P BORGMANNIndividualWithBooksNm
Phone7652883651PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1400 S WALNUT STREETAddressLine1Txt
CityMUNCIECityNm
State AbbreviationINStateAbbreviationCd
ZIP47305ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LAUREN CONNER
3373 E OVERBY RDLAKE LEELANAUMI49653PRESIDENT0.50$0$0$0
JAMES P BORGMANN
400 S WALNUT STREET STE 200MUNCIEIN47305SECRETARY0.50$0$0$0
BRAD LATOUR
315 W ADAMS STREETMUNCIEIN47305TREASURER0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description118 GRANTS WERE MADE IN 2021 EACH RECIPIENT ORGANIZATION CARRIES OUT A MISSION WHICH IMPROVES THE QUALITY OF LIFE FOR PEOPLE DOMESTICALLY ANDOR ABROADDescription1Txt
Expenses1$228,000Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$5,016,673AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$196,135AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,212,808TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$5,212,808AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$78,192CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,134,616NetVlNoncharitableAssetsAmt
Minimum Investment Return$256,731MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$256,731MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,207TaxBasedOnInvestmentIncomeAmt
Total Tax$6,207TotalTaxAmt
Distributable Before Adj$250,524DistributableBeforeAdjAmt
Distributable Before Ded$250,524DistributableBeforeDedAmt
Distributable As Adjusted$250,524DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$232,466ExpensesAndContributionsAmt
Qualifying Distributions$232,466QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$250,524DistributableAsAdjustedAmt
Undistributed Income PY$95,728UndistributedIncomePYAmt
Qualifying Distributions$232,466QualifyingDistributionsAmt
Applied To Year1$95,728AppliedToYear1Amt
Applied To Current Year$136,738AppliedToCurrentYearAmt
Undistributed Income CY$113,786UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
RIDHWAN FOUNDATION
2075 EUNICE STBERKELEYCA94709NONEPCGENERAL PURPOSE$150,000
PLANNED PARENTHOOD OF NORTHERN MICH
1135 E EIGHTH STTRAVERSE CITYMI49686NONEPCGENERAL PURPOSE$7,000
WOMENS RESOURCE CENTER
423 PORTER STPETOSKEYMI49770NONEPCGENERAL PURPOSE$6,000
LEELANAU CHILDRENS CENTER
111 5TH STLELANDMI49654NONEPCGENERAL PURPOSE$6,000
INTERLOCHEN CENTER FOR THE ARTS
4000 J MADDY PKWYINTERLOCHENMI49643NONEPCDANCE SCHOLARSHIP$3,000
GOODWILL INN
2943 N KEYSTONE RDTRAVERSE CITYMI49686NONEPCGENERAL PURPOSE$10,000
WINGS OF WONDER
13035 S GREENWAY TRAILEMPIREMI49630NONEPCGENERAL PURPOSE$3,000
LEENANAU CHRISTIAN NEIGHBORS
7322 E DUCK LAKE RDLAKE LEELANAUMI49653NONEPCGENERAL PURPOSE$4,000
GUEST HOUSE
1601 JOSLYN ROADLAKE ORIONMI48360NONEPCGENERAL PURPOSE$10,000
MICHAELS PLACE
1212 VETERANS DRTRAVERSE CITYMI49684NONEPCGENERAL PURPOSE$3,000
TRAVERSE HEALTH CLINIC
1719 S GARFIELD AVENUETRAVERSE CITYMI49686NONEPCGENERAL PURPOSE$4,000
SAFE HARBOR OF GRAND TRAVERSE
517 WELLINGTON STTRAVERSE CITYMI49686NONEPCGENERAL PURPOSE$4,000
INLAND SEAS
100 DAME STSUTTONS BAYMI49682NONEPCGENERAL PURPOSE$2,000
THE TRAVERSE CITY DANCE PROJECT
4178 BARNES ROADTRAVERSE CITYMI49684NONEPCSCHOLARSHIP LOTTODANCE$3,000
UP NORTH PRIDE
PO BOX 133TRAVERSE CITYMI49685NONEPCGENERAL PURPOSE$3,000
LELAND PUBLIC SCHOOL
200 N GRAND AVELELANDMI49654NONEPCBOYTON SCHOLARSHIIN MEMORY OF TOBY BOYTON-FISHER$3,000
THE FRIENDSHIP COMMUNITY CENTER
501 BROADWAY STREETSUTTONS BAYMI49682NONEPCLIFT$4,000
LELAND UNITED METHODIST CHURCH
106 4TH STLELANDMI49654NONEPC5LOAVES2FISH$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$228,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$50ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$105,512ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$354,416ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$459,978ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$459,978TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BOND FUNDSBondNm
EOY Book Value$1,284,174EOYBookValueAmt
EOYFMV$1,327,024EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCOMMON STOCK AND EQUITY FUNDSStockNm
EOY Book Value$1,990,004EOYBookValueAmt
EOYFMV$3,681,182EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc2018 EXCISE TAX REFUNDDesc
Revenue And Expenses Per Books$600RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTRUSTEE FEESCategoryTxt
Amt$17,866Amt
Net Investment Income$13,400NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,466DisbursementsCharitablePrpsAmt

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