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ANTONIO J GRACIAS FAMILY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ANTONIO J GRACIAS FAMILY FOUNDATION INC (EIN 85-3941297)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202203189349103095
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)
Return2022-11-14T09:50:19-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN651164012PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NDH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1303 W Madison St Ste 950AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN853941297EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Antonio J Gracias Family Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlANTOBusinessNameControlTxt
Phone3124610876PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 W Madison St Ste 3700AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60661ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAntonio GraciasPersonNm
Person TitleDirectorPersonTitleTxt
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAntonioPersonFirstNm
Person LastGraciasPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeremy DubowPreparerPersonNm
PTINP00363657PTIN
Phone3124610514PhoneNum

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$167,052,792FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$149,773,240ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6,451InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,451InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$15,649,855NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$15,663,064GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,649,855CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$165,429,546TotalRevAndExpnssAmt
Total Net Invst Incm$15,656,306TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$700,090ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$700,090ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$700,090TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$700,090TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$164,729,456ExcessRevenueOverExpensesAmt
Net Investment Income$15,656,306NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$15,454,531CashEOYAmt
Cash EOYFMV$15,454,531CashEOYFMVAmt
Corporate Stock BOY$28,226,800CorporateStockBOYAmt
Corporate Stock EOY$151,598,261CorporateStockEOYAmt
Corporate Stock EOYFMV$151,598,261CorporateStockEOYFMVAmt
Total Assets BOY$28,226,800TotalAssetsBOYAmt
Total Assets EOY$167,052,792TotalAssetsEOYAmt
Total Assets EOYFMV$167,052,792TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$28,226,800CapitalStockBOYAmt
Capital Stock EOY$167,052,792CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$28,226,800TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$167,052,792TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$28,226,800TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$167,052,792TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$28,226,800TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$164,729,456ExcessRevenueOverExpensesAmt
Subtotal$192,956,256SubtotalAmt
Other Decreases$25,903,464OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$167,052,792TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property18,500.00 shs Tesla, Inc. CommonPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2012-04-16AcquiredDt
Sold2021-02-09SoldDt
Gross Sales Price$15,663,064GrossSalesPriceAmt
Cost Or Other Basis$13,209CostOrOtherBasisAmt
Gain Or Loss$15,649,855GainOrLossAmt
Gains Minus Excess Or Losses$15,649,855GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$15,649,855CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$217,623InvestmentIncomeExciseTaxAmt
Subtotal$217,623SubtotalAmt
Tax Based On Investment Income$217,623TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$215,000EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$1,870,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,085,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$36EsPenaltyAmt
Overpayment$1,867,341OverpaymentAmt
Applied To ES Tax$1,867,341AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 Line1Jeffrey ZaludaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124610876PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 W Madison St Ste 3700AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60661ZIPCd
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
Antonio Gracias
875 N Michigan Ave Ste 3214ChicagoIL60606Officer1.00$0
Maria Gracias
875 N Michigan Ave Ste 3214ChicagoIL60611Officer0.00$0
James Star
875 N Michigan Ave Ste 3214ChicagoIL60611Officer0.00$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$26,995,582AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$13,573,827AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$40,569,409TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$40,569,409AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$608,541CashDeemedCharitableAmt
Net Vl Noncharitable Assets$39,960,868NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,998,043MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,998,043MinimumInvestmentReturnAmt
Tax Based On Investment Income$217,623TaxBasedOnInvestmentIncomeAmt
Total Tax$217,623TotalTaxAmt
Distributable Before Adj$1,780,420DistributableBeforeAdjAmt
Distributable Before Ded$1,780,420DistributableBeforeDedAmt
Distributable As Adjusted$1,780,420DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$700,090ExpensesAndContributionsAmt
Qualifying Distributions$700,090QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,780,420DistributableAsAdjustedAmt
Undistributed Income PY$159,536UndistributedIncomePYAmt
Qualifying Distributions$700,090QualifyingDistributionsAmt
Applied To Year1$159,536AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$540,554AppliedToCurrentYearAmt
Undistributed Income CY$1,239,866UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerAntonio GraciasContributingManagerNm
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
University of Chicago
5801 S Ellis AveChicagoIL60637NonePCGeneral operating expenses in its entirety.$24,422
University of Chicago
5801 S Ellis AveChicagoIL60637NonePCGeneral operating expenses in its entirety.$437,265
Aspen Institute
2300 N St NW Ste 700WashingtonDC20037NonePCGeneral operating expenses in its entirety.$238,403
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$700,090TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,451ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$15,649,855ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,656,306ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,656,306TotalIncomeProducingActyAmt

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 PersonAntonio GraciasContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13737 Collins Avenue PH3AddressLine1Txt
CityMiami BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33140ZIPCd
FieldValueIRS element (for citing)
Total Contributions$149,733,240TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyTesla, Inc. Common StockNoncashPropertyDesc
Fair Market Value$149,733,240FairMarketValueAmt
Received2021-11-05ReceivedDt

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