STRONGPOINT FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
STRONGPOINT FOUNDATION (EIN 84-3869796)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202203189349102265
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)
Return2022-11-14T08:05:55-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350900596PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARNES & THORNBURGBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 N WACKER DR SUITE 4400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN843869796EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Strongpoint FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTROBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1650B Fremont Ave 308AddressLine1Txt
CityLos AltosCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94024ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid BabulakPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDavidPersonFirstNm
Person LastBabulakPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHeather CarmodyPreparerPersonNm
PTINP01426185PTIN
Phone3122148337PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$2,812,211FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$509,798ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$16InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$16InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$16InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$31,548DividendsRevAndExpnssAmt
Dividends Net Invst Incm$31,548DividendsNetInvstIncmAmt
Dividends Adj Net Incm$31,548DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$356,880NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$581,572GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$356,880CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$356,880NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$57,914OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$956,156TotalRevAndExpnssAmt
Total Net Invst Incm$388,444TotalNetInvstIncmAmt
Total Adj Net Incm$388,444TotalAdjNetIncmAmt
Taxes Rev And Expnss$530TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$24OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$554TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$586,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$586,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$586,554TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$586,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$369,602ExcessRevenueOverExpensesAmt
Net Investment Income$388,444NetInvestmentIncomeAmt
Adjusted Net Income$388,444AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,690CashBOYAmt
Cash EOY$2,151CashEOYAmt
Cash EOYFMV$2,151CashEOYFMVAmt
Other Assets BOY$2,323,783OtherAssetsBOYAmt
Other Assets EOY$2,810,059OtherAssetsEOYAmt
Other Assets EOYFMV$2,810,060OtherAssetsEOYFMVAmt
Total Assets BOY$2,325,473TotalAssetsBOYAmt
Total Assets EOY$2,812,210TotalAssetsEOYAmt
Total Assets EOYFMV$2,812,211TotalAssetsEOYFMVAmt
Accounts Payable BOY$15AccountsPayableBOYAmt
Total Liabilities BOY$15TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,325,458NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,812,210NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,325,458TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,812,210TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,325,473TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,812,210TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,325,458TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$369,602ExcessRevenueOverExpensesAmt
Other Increases$117,150OtherIncreasesAmt
Subtotal$2,812,210SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,812,210TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyGS - see attachedPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2021-01-01AcquiredDt
Sold2021-01-01SoldDt
Gross Sales Price$581,572GrossSalesPriceAmt
Cost Or Other Basis$224,692CostOrOtherBasisAmt
Gain Or Loss$356,880GainOrLossAmt
Gains Minus Excess Or Losses$356,880GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$356,880CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$356,880NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,399InvestmentIncomeExciseTaxAmt
Subtotal$5,399SubtotalAmt
Tax Based On Investment Income$5,399TaxBasedOnInvestmentIncomeAmt
Tax Due$5,399TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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 Line1Dave BabulakBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3128061488PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11727 S Springer Road Unit AAddressLine1Txt
CityMountain ViewCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94040ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
David Babulak
650B Fremont AveLos AltosCA94024President1.00$0
Lien Babulak
650B Fremont AveLos AltosCA94024Treasurer1.00$0
John McCarthy
6506 Brookes Hil CTBethesdaMD20816Secretary1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,237,820AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,966AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$476,907FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,716,693TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,716,693AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$40,750CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,675,943NetVlNoncharitableAssetsAmt
Minimum Investment Return$133,797MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$133,797MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,399TaxBasedOnInvestmentIncomeAmt
Total Tax$5,399TotalTaxAmt
Distributable Before Adj$128,398DistributableBeforeAdjAmt
Distributable Before Ded$128,398DistributableBeforeDedAmt
Distributable As Adjusted$128,398DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$586,000ExpensesAndContributionsAmt
Qualifying Distributions$586,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$128,398DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$423,137ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$423,137TotalExcessDistributionCyovAmt
Qualifying Distributions$586,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$128,398AppliedToCurrentYearAmt
Remaining Distri From Corpus$457,602RemainingDistriFromCorpusAmt
Total Corpus$880,739TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$880,739ExcessDistriCyovToNextYrAmt
Excess From Year1$423,137ExcessFromYear1Amt
Excess From Current Year$457,602ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Institute for Justice
901 North Glebe Road Suite 900ArlingtonVA22203NonePCUnrestricted gift$30,000
Second Harvest of Silicon Valley
750 Curtner AvenueSan JoseCA95125NonePCUnrestricted gift.$500,000
Sunnyvale Community Services
725 Kifer RoadSunnyvaleCA94086NonePCUnrestricted gift.$10,000
SJSU Human Rights
One Washing SquareSan JoseCA95192NonePCUnrestricted gift.$10,000
United States Healthful Food
1111 Broadway 3rd FloorOaklandCA94607NonePCUnrestricted gift.$1,000
Fresh Lifelines For Youth
568 Valley WayMilpitasCA95035NoneGeneral$20,000
Hispanic Foundation of Silicon
1922 The Alameda Suite 217San JoseCA95126NonePCGeneral$3,000
University of Michigan
3003 S State St Suite 9000Ann ArborMI48109NonePCAROTC Normandy Leadership and Historical Research Studies Fund$12,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$586,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$16ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$31,548ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$356,880RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$31,564ExclusionAmt
Related Or Exempt Function Incm$414,794RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$446,358TotalIncomeProducingActyAmt

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 PersonDavid BabulakContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11727 S Springer Road Unit AAddressLine1Txt
CityMountain ViewCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94040ZIPCd
FieldValueIRS element (for citing)
Total Contributions$509,798TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyGoldman Sachs accountNoncashPropertyDesc
Fair Market Value$509,798FairMarketValueAmt
Received2021-05-25ReceivedDt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Goldman Sachs$1,899,379$2,322,262
Investment in EMP, LLC$487,798
Investment in GS$2,322,262
Other investments$424,404$487,797

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Revenue And Expenses Per Books$24RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Revenue And Expenses Per Books$57,914RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUnrealized gainsDesc
Amt$117,150Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal taxesCategoryTxt
Amt$530Amt

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