LIFT A LIFE FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- LIFT A LIFE FOUNDATION INC (EIN 61-1359337)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-14
- IRS object ID
- 202213189349102621
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-14T10:45:35-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 341965417 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORNERSTONE FAMILY OFFICE LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | MONARCH CENTRE 300 5885 LANDERBROOK | AddressLine1Txt |
| Address Line2 | DR | AddressLine2Txt |
| City | MAYFIELD HEIGHTS | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44124 | 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 | 611359337 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIFT A LIFE FOUNDATION INC | BusinessNameLine1Txt |
| Business Name Line2 | C/O CORNERSTONE FAMILY OFFICE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIFT | BusinessNameControlTxt |
| Phone | 5022903218 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5885 LANDERBROOK DR 300 | AddressLine1Txt |
| City | MAYFIELD HEIGHTS | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44124 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ASHLEY N BUTLER | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 5022903218 | PhoneNum |
| Signature | 2022-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ASHLEY | PersonFirstNm |
| Person Last | BUTLER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CORNERSTONE FAMILY OFFICE LLC | PreparerPersonNm |
| PTIN | P00152568 | PTIN |
| Phone | 4404600460 | PhoneNum |
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 | $88,758,909 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $21,657,056 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $146,016 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $146,016 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $478,674 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $478,674 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $16,586,217 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $16,586,217 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $38,867,963 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $17,210,907 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $215,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $165,501 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $4,993 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $67,294 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $436,722 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $367,084 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $93,021 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $84,803 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,067,834 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $367,084 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,468,734 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,468,734 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,536,568 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $367,084 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,468,734 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $33,331,395 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,843,823 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,818,203 | CashBOYAmt |
| Cash EOY | $23,979,327 | CashEOYAmt |
| Cash EOYFMV | $23,979,327 | CashEOYFMVAmt |
| Acct Rcvbl | $6,725 | AcctRcvblAmt |
| Acct Rcvbl EOY | $6,725 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $6,725 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $39,054,616 | CorporateStockBOYAmt |
| Corporate Stock EOY | $43,255,789 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $64,765,080 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $7,777 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $7,777 | LandBOYAmt |
| Land EOY | $7,777 | LandEOYAmt |
| Land EOYFMV | $7,777 | LandEOYFMVAmt |
| Total Assets BOY | $49,880,596 | TotalAssetsBOYAmt |
| Total Assets EOY | $67,249,618 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $88,758,909 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $49,880,596 | RetainedEarningBOYAmt |
| Retained Earning EOY | $67,249,618 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $49,880,596 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $67,249,618 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $49,880,596 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $67,249,618 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $49,880,596 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $33,331,395 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $83,211,991 | SubtotalAmt |
| Other Decreases | $15,962,373 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $67,249,618 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| SHORT TERM | P | 2021-12-31 | $629,323 | $629,323 |
| LONG TERM | P | 2021-12-31 | $15,956,894 | $15,956,894 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $16,586,217 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $234,129 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $234,129 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $234,129 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $55,565 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $195,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $250,565 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $16,436 | OverpaymentAmt |
| Applied To ES Tax | $16,436 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | KY | 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 | 0 | ComplyWithPublicInspRqrInd |
| Website Address | WWW.LIFTALIFEFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | ASHLEY NOVAK BUTLER | IndividualWithBooksNm |
| Phone | 5022903218 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6000 BROWNSBORO PARK BLVD STE C | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40207 | 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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
| 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 (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID C NOVAK | ||||||||
| 11658 TURTLE BEACH RD | NORTH PALM BEACH | FL | 33408 | DIRECTOR & PRESIDENT | 0.00 | $0 | $0 | $0 |
| WENDY L NOVAK | ||||||||
| 11658 TURTLE BEACH RD | NORTH PALM BEACH | FL | 33408 | DIRECTOR,VP,SECRET,TREAS | 0.00 | $0 | $0 | $0 |
| ASHLEY NOVAK BUTLER | ||||||||
| 40 RIVER HILL DR | LOUISVILLE | KY | 40207 | DIRECTOR | 40.00 | $215,500 | $0 | $0 |
| JONATHAN A BUTLER | ||||||||
| 40 RIVER HILL DR | LOUISVILLE | KY | 40207 | DIRECTOR | 0.00 | $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 |
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 | $60,139,153 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,124,848 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $14,502 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $68,278,503 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $68,278,503 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,024,178 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $67,254,325 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,362,716 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,362,716 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $234,129 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $234,129 | TotalTaxAmt |
| Distributable Before Adj | $3,128,587 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,128,587 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,128,587 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,468,734 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,468,734 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,128,587 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $4,853,979 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $9,661,998 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $5,676,550 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $8,711,368 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $5,133,963 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $34,037,858 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,468,734 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,128,587 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,340,147 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $35,378,005 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $4,853,979 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $30,524,026 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $9,661,998 | ExcessFromYear4Amt |
| Excess From Year3 | $5,676,550 | ExcessFromYear3Amt |
| Excess From Year2 | $8,711,368 | ExcessFromYear2Amt |
| Excess From Year1 | $5,133,963 | ExcessFromYear1Amt |
| Excess From Current Year | $1,340,147 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DAVID C NOVAK | ContributingManagerNm |
| Contributing Manager | WENDY L NOVAK | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (50 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| A CURE FOR ROBERT INC | ||||||
| 508 TIFFANY LANE | LOUISVILLE | KY | 40207 | PUBLIC | GENERAL | $20,000 |
| APPLE PATCH COMMUNITY INC DBA PILLAR | ||||||
| 7408 HIGHWAY 329 | CRESTWOOD | KY | 40014 | PUBLIC | HUNGER | $13,000 |
| BRIDGE KIDS INTERNATIONAL | ||||||
| 501 W KENWOOD DR | LOUISVILLE | KY | 40214 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $84,660 |
| CAMP HENDON | ||||||
| 1640 LYNDON FARM COURT SUITE 108 | LOUISVILLE | KY | 40223 | PUBLIC | JUVENILE DIABETES (JD) | $50,000 |
| CATHOLIC CHARITIES OF LOUISVILLE | ||||||
| 2911 S 4TH ST | LOUISVILLE | KY | 40208 | PUBLIC | HUNGER | $50,000 |
| CENTER FOR NEIGHBORHOODS | ||||||
| 507 S 3RD STREET | LOUISVILLE | KY | 40202 | PUBLIC | LEADERSHIP DEVELOPMENT (LD) | $10,000 |
| CHRIST CHURCH UNITED METHODIST | ||||||
| 414 BROWNSBORO RD | LOUISVILLE | KY | 40207 | PUBLIC | GENERAL | $6,500 |
| CITY SCHOOLHOUSE | ||||||
| 2600 DIXIE HIGHWAY | LOUISVILLE | KY | 40216 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $30,000 |
| CNPE | ||||||
| 325 W MAIN STREET | LOUISVILLE | KY | 40202 | PUBLIC | LEADERSHIP DEVELOPMENT (LD) | $25,000 |
| COMMUNITY FOUNDATION OF LOUISVILLE | ||||||
| 325 W MAIN ST 1110 | LOUISVILLE | KY | 40202 | PUBLIC | LEADERSHIP DEVELOPMENT/JUVENILE DIABETES | $94,000 |
| DARE TO CARE FOOD BANK | ||||||
| 5803 FERN VALLEY ROAD | LOUISVILLE | KY | 40228 | PUBLIC | HUNGER | $500,000 |
| FAMILY ENRICHMENT CENTER | ||||||
| 1133 ADAMS ST | BOWLING GREEN | KY | 42101 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $20,000 |
| FAMILY SCHOLAR HOUSE | ||||||
| 403 REG SMITH CIRCLE | LOUISVILLE | KY | 40208 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $50,000 |
| FEEDING KENTUCKY | ||||||
| 1210 WILKINSON BLVD UNIT 5522 | FRANKFORT | KY | 40602 | PUBLIC | HUNGER | $35,000 |
| FOLDS OF HONOR FOUNDATION | ||||||
| 5800 N PATRIOT DRIVE | OWASSO | OK | 74055 | PUBLIC | MILITARY FAMILIES | $100,000 |
| FOUNDATION FOR IMPACT ON LITERACY AND LEARNING | ||||||
| PO BOX 4144 | BROADLANDS | VA | 20148 | PUBLIC | LEADERSHIP DEVELOPMENT (LD) | $1,168,275 |
| FRIENDS SCHOOL INC | ||||||
| 901 BRECKENRIDGE LN | LOUISVILLE | KY | 40207 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $35,392 |
| FUND FOR THE ARTS | ||||||
| 623 W MAIN ST 200 | LOUISVILLE | KY | 40202 | PUBLIC | LEADERSHIP/JUVENILE DIABETES | $110,000 |
| GILDA'S CLUB LOUISVILLE | ||||||
| 633 BAXTER AVE | LOUISVILLE | KY | 40204 | PUBLIC | GENERAL | $50,000 |
| GLEAN KENTUCKY | ||||||
| PO BOX 4448 | LEXINGTON | KY | 40544 | PUBLIC | HUNGER | $24,907 |
| GREEN HILL THERAPY | ||||||
| 1410 LONG RUN RD | LOUISVILLE | KY | 40245 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $22,000 |
| HOME OF THE INNOCENTS | ||||||
| 1100 E MARKET ST | LOUISVILLE | KY | 40206 | PUBLIC | HUNGER | $20,000 |
| HOPE COLLABORATIVE | ||||||
| 5007 SOUTHSIDE DR | LOUISVILLE | KY | 40214 | PUBLIC | HUNGER | $30,000 |
| HORATIO ALGER ASSOCIATION | ||||||
| 99 CANAL CENTER PLAZA | ALEXANDRIA | VA | 22314 | PUBLIC | GENERAL | $100,000 |
| IRON BELL MINISTRIES | ||||||
| 16026 AIKEN RD | LOUISVILLE | KY | 40245 | PUBLIC | RELIGIOUS | $50,000 |
| JEWISH FAMILY AND CAREER SERVICES | ||||||
| 2821 KLEMPNER WAY | LOUISVILLE | KY | 40205 | PUBLIC | HUNGER | $25,000 |
| KENTUCKY CENTER FOR ECONOMIC POLICY | ||||||
| 433 CHESTNUT ST | BEREA | KY | 40403 | PUBLIC | HUNGER | $35,000 |
| KENTUCKY YOUTH ADVOCATES | ||||||
| 10200 LINN STATION RD SUITE 310 | LOUISVILLE | KY | 40223 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $35,000 |
| LIFESONG FOR ORPHANS | ||||||
| PO BOX 9 101 N WESTERN AVE | GRIDLEY | IL | 61744 | PUBLIC | GENERAL | $50,000 |
| LOCAL INITIATIVE SUPPORT CORP (LISC) | ||||||
| 28 LIBERTY ST FLOOR 34 | NEW YORK | NY | 10005 | PUBLIC | GENERAL | $40,000 |
| LOST TREE VILLAGE CHARITABLE FOUNDATION | ||||||
| 8 CHURCH LN | NORTH PALM BEACH | FL | 33408 | PUBLIC | GENERAL | $50,000 |
| LOUISVILLE PARKS FOUNDATION | ||||||
| PO BOX 5755 | LOUISVILLE | KY | 40255 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $25,000 |
| LOVE THY NEIGHBOR | ||||||
| 6864 NW 25TH WAY | FT LAUDERDALE | FL | 33309 | PUBLIC | GENERAL | $20,000 |
| MARINE CORE SCHOLARSHIP FUND | ||||||
| 909 N WASHINGTON STREET SUITE 400 | ALEXANDRIA | VA | 22314 | PUBLIC | GENERAL | $100,000 |
| MARYHURST | ||||||
| 1015 DORSEY LANE | LOUISVILLE | KY | 40223 | PUBLIC | GENERAL | $50,000 |
| METRO PGA FOUNDATION | ||||||
| 49 KNOLLWOOD ROAD SUITE 200 | ELMSFORD | NY | 10523 | PUBLIC | GENERAL | $10,000 |
| METRO UNITED WAY | ||||||
| PO BOX 4488 | LOUISVILLE | KY | 40204 | PUBLIC | EARLY CHILDHOOD EDUCATION | $700,000 |
| NATIONAL CHRISTIAN FOUNDATION | ||||||
| 651 PERIMETER DRIVE 620 | LEXINGTON | KY | 40517 | PUBLIC | RELIGIOUS | $250,000 |
| NEIGHBORHOOD HOUSE | ||||||
| 201 N 25TH ST | LOUISVILLE | KY | 40212 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $50,000 |
| R 15-20 MINISTRIES INC | ||||||
| 4407 THOMPSON FARM | BEDFORD | MA | 01730 | PUBLIC | RELIGIOUS | $50,000 |
| SKILZ 4 LIFE | ||||||
| 204 E JACOB ST | LOUISVILLE | KY | 40203 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $20,000 |
| STAGE ONE FAMILY THEATRE | ||||||
| 323 W BROADWAY STE 600 | LOUISVILLE | KY | 40202 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $35,000 |
| TEACH FOR AMERICA NY | ||||||
| 25 BROADWAY 12TH FL | NEW YORK | NY | 10004 | PUBLIC | GENERAL | $15,000 |
| THE JAMES C FERRER EDUCATIONAL FUND | ||||||
| 200 TUCKAHOE ROAD | SOUTHHAMPTON | NY | 11968 | PUBLIC | GENERAL | $5,000 |
| VANDERBILT UNIVERSITY | ||||||
| 2301 VANDERBILT PLACE | NASHVILLE | TN | 37240 | PUBLIC | GENERAL | $20,000 |
| VILLA ACADEMY | ||||||
| 5001 NE 50TH ST | SEATTLE | WA | 98105 | PUBLIC | GENERAL | $5,000 |
| VIRGINIA CHANCE SCHOOL | ||||||
| 4200 LIME KILN LN | LOUISVILLE | KY | 40222 | PUBLIC | GENERAL | $10,000 |
| VISUALLY IMPAIRED PRESCHOOL SERVICES | ||||||
| 1906 GOLDSMITH LN | LOUISVILLE | KY | 40218 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $20,000 |
| VOLUNTEERS OF AMERICA MID STATES | ||||||
| 570 SOUTH FOURTH STREET SUITE 100 | LOUISVILLE | KY | 40202 | PUBLIC | EARLY CHILDHOOD EDUCATION / GENERAL | $50,000 |
| WEST PALM GOLF COMMUNITY TRUST | ||||||
| 525 OKEECHOBEE BLVD STE 1100 | WEST PALM BEACH | FL | 33401 | PUBLIC | GENERAL | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,468,734 | 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 | $146,016 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $478,674 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $16,586,217 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $17,210,907 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $17,210,907 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| DAVID C AND WENDY L NOVAK | |||||||
| 1 | 11658 TURTLE BEACH RD | NORTH PALM BEACH | FL | 33408 | $6,914,160 | Yes (X) | |
| DAVID C AND WENDY L NOVAK | |||||||
| 2 | 11658 TURTLE BEACH RD | NORTH PALM BEACH | FL | 33408 | $14,735,046 | Yes (X) | |
| JEFFREY HENDERSON | |||||||
| 3 | 7100 HICKORY VALLEY ROAD | LOUISVILLE | KY | 40299 | $7,850 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 145,500 SHARES YUM CHINA HOLDINGS, INC (YUMC) | $6,914,160 | 2021-12-20 |
| 2 | 112,550 SHARES YUM BRANDS, INC (YUM) | $14,735,046 | 2021-12-20 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $67,294 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | EQUITIES & FIXED INCOME | StockNm |
| EOY Book Value | $43,255,789 | EOYBookValueAmt |
| EOYFMV | $64,765,080 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $4,993 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK TAX DIFFERENCE | Desc |
| Amt | $15,962,373 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $700 | $0 | $0 |
| INSURANCE | $23,456 | $0 | $0 |
| MARKETING | $1,188 | $0 | $0 |
| MEALS | $263 | $0 | $0 |
| MEDICAL REIMBURSEMENT | $3,681 | $0 | $0 |
| MEMBERSHIP | $25,350 | $0 | $0 |
| MISCELLANEOUS | $7,098 | $0 | $0 |
| OFFICE EXPENSE | $1,350 | $0 | $0 |
| OFFICE SUPPLIES | $307 | $0 | $0 |
| PAYROLL EXPENSES | $1,703 | $0 | $0 |
| BOOK MANUSCRIPT | $36,159 | $0 | $0 |
| WEBSITE MAINTENANCE | $245 | $0 | $0 |
| SOFTWARE | $10,108 | $0 | $0 |
| VIDEO PRODUCTION | $6,725 | $0 | $0 |
| INFLATION ADJUST TO BASIS | -$33,530 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MANAGEMENT FEES TO ADVISOR | $367,084 | $367,084 | $0 |
| OTHER PROFESSIONAL FEES | $69,638 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAXES PAID | $67,000 | $0 | $0 |
| ANNUAL FILING FEE | $715 | $0 | $0 |
| PAYROLL TAXES | $24,856 | $0 | $0 |
| OTHER TAX | $450 | $0 | $0 |
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