BOYD FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BOYD FAMILY FOUNDATION (EIN 65-6237736)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-11
IRS object ID
202233159349102953
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)
Return2022-11-11T18:05:35-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN201662635PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RAPACKI & COMPANY PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16800 FRANCE AVE S STE 120AddressLine1Txt
CityEDINACityNm
State AbbreviationMNStateAbbreviationCd
ZIP55435ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN656237736EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BOYD FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O VIRGINIA STOVERBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBOYDBusinessNameControlTxt
Phone5159614238PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11527 ALDERWOOD DRAddressLine1Txt
CitySUGAR LANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77479ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVIRGINIA STOVERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5159614238PhoneNum
Signature2022-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstVIRGINIAPersonFirstNm
Person LastSTOVERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH L RAPACKI JR CPAPreparerPersonNm
PTINP01202569PTIN
Phone9529455011PhoneNum
Preparation2022-11-11PreparationDt
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$428,711FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$8,779DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,779DividendsNetInvstIncmAmt
Total Rev And Expnss$8,779TotalRevAndExpnssAmt
Total Net Invst Incm$8,779TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$500AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,847OtherProfFeesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$884TravConfMeetingRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,231TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$26,231TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$17,452ExcessRevenueOverExpensesAmt
Net Investment Income$8,779NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$7,304SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,104SavAndTempCashInvstEOYAmt
US Government Obligations BOY$15,183USGovernmentObligationsBOYAmt
US Government Obligations EOY$14,113USGovernmentObligationsEOYAmt
Corporate Stock BOY$329,086CorporateStockBOYAmt
Corporate Stock EOY$428,711CorporateStockEOYAmt
Corporate Stock EOYFMV$428,711CorporateStockEOYFMVAmt
Total Assets BOY$351,573TotalAssetsBOYAmt
Total Assets EOY$448,928TotalAssetsEOYAmt
Total Assets EOYFMV$428,711TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$351,573NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$448,928NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$351,573TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$448,928TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$351,573TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$448,928TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$351,573TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$17,452ExcessRevenueOverExpensesAmt
Other Increases$114,807OtherIncreasesAmt
Subtotal$448,928SubtotalAmt
Tot Net Ast Or Fund Balances EOY$448,928TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$122InvestmentIncomeExciseTaxAmt
Subtotal$122SubtotalAmt
Tax Based On Investment Income$122TaxBasedOnInvestmentIncomeAmt
Tax Due$122TaxDueAmt

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
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksVIRGINIA STOVERIndividualWithBooksNm
Phone5153602946PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1802 WEST DETROIT AVENUEAddressLine1Txt
CityINDIANOLACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50125ZIPCd
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
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
VIRGINIA STOVER
1527 ALDERWOOD DRSUGAR LANDTX77479PRESIDENT000.00$0$0$0
MARY BAHRS
10004 THORNWOODKENSINGTONMD20895TRUSTEE000.00$0$0$0
JANE GRANDUSKY
7340 PIONEER ROADWEST PALM BEACHFL33401TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ORGANIZATION GAVE FUNDS TO UNION CONGREGATIONAL CHURCH WEST PALM BEACH FL WITH NO RESTRICTIONS AS HOW THE FUNDS MAY BE USED. ALSO THE BETHESDA MARYLAND UNITED CHURCH OF CHRIST.Description1Txt
Expenses1$12,500Expenses1Amt
Description2THE ORGANIZATION GAVE FUNDS TO SCHOOLS FOR EDUCATIONAL PURPOSES. (SCHOOL OF FINE ARTS FOUNDATION, WPB, FL. AND THE SIMPSON FUND, SIMPSON COLLEGE, INDIANOLA, IA.) AND THE IOWA BARN FOUNDATION, ZEARIGNG, IA. SCHOOL OF THE ARTS FOUNDATION WPB, FLDescription2Txt
Expenses2$1,000Expenses2Amt
Description3COMMUNITY FOUNDATION FOR NANTUCKET SCHOLARSHIPS. EMILY STOVER MEMORIAL SCHOLARSHIPDescription3Txt
Expenses3$2,500Expenses3Amt
Description4IOWA BARN SOCIETYDescription4Txt
Expenses4$500Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$350,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$14,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$370,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$370,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,550CashDeemedCharitableAmt
Net Vl Noncharitable Assets$364,450NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,223MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,000ExpensesAndContributionsAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$20,000QualifyingDistributionsAmt
Remaining Distri From Corpus$20,000RemainingDistriFromCorpusAmt
Total Corpus$20,000TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year2$3,032Year2Amt
Total$3,032TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year2$2,577Year2Amt
Total$2,577TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$20,000CurrentYearAmt
Year1$19,000Year1Amt
Year2$17,000Year2Amt
Year3$15,600Year3Amt
Total$71,600TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$20,000CurrentYearAmt
Year1$19,000Year1Amt
Year2$17,000Year2Amt
Year3$15,600Year3Amt
Total$71,600TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$12,149CurrentYearAmt
Year1$13,101Year1Amt
Year2$11,820Year2Amt
Year3$11,557Year3Amt
Total$48,627TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
IOWA BARN FOUNDATION
P O BOX 436P O BOX 436ZEARINGIA50201NONPROFITEDUCATION$500
SCHOOL OF ARTS FOUNDATION
PO BOX 552WEST PALM BEACHFL33402NONPROFITEDUCATION$2,000
THE SIMPSON FUND
701 N C STREET701 NC STINDIANOLAIA50125NONPROFITEDUCATION$1,000
UNION CONGREGATIONAL CHURCH
5088 SUMMIT BOULEVARDWEST PALM BEACHFL33415NONPROFITCHURCH$12,500
BETHESDA UNITED CHURCH OF CHRIST
FERNWOOD RDBETHESDAMD20817NONPROFITCHURCH$500
NANTUCKET AFFORDABLE HOUSING
75 OLD SOUTH RDNANTUCKETMA02554NONPROFITCOMMUNITY$1,000
COMMUNITY FOUNDATION FOR SCOLARSHIP
9B BAYBERRY CTNANTUCKETMA02554NONPROFITEDUCATION$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,779ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,779ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,779TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPCategoryTxt
Amt$500Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
OTHER FUNDS$392,887$392,887
MUTUAL FUNDS$35,824$35,824

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$14,113USGovtObligationsBookVlEOYAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINSDesc
Amt$114,807Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKER FEECategoryTxt
Amt$4,847Amt

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