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THE BINKLEY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE BINKLEY FOUNDATION (EIN 68-0233907)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-03-16
IRS object ID
202100759349100215
Schema version
2020v4.0
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)
Return2021-03-16T20:25:39-04:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN942973613PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Complete FinancialBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1459 Fulton Street Suite 203AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94102ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN680233907EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Binkley FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBINKBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1610 Harbor Street STE 5AddressLine1Txt
CityVeniceCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90291ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCharles MitchellPersonNm
Person TitleTreasurer CFOPersonTitleTxt
Phone9256390835PhoneNum
Signature2021-03-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCharlesPersonFirstNm
Person LastMitchellPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonErik Hsieh EAPreparerPersonNm
PTINP00331152PTIN
Phone4152028555PhoneNum
Preparation2021-03-16PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,240,258FMVAssetsEOYAmt

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$22,624DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$81,393NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$258,036GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$81,393CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$5,540NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$104,017TotalRevAndExpnssAmt
Total Net Invst Incm$81,393TotalNetInvstIncmAmt
Total Adj Net Incm$5,540TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$760AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$770TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$22,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$770TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$22,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$103,247ExcessRevenueOverExpensesAmt
Net Investment Income$81,393NetInvestmentIncomeAmt
Adjusted Net Income$5,540AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,201CashBOYAmt
Cash EOY$2,000CashEOYAmt
Cash EOYFMV$2,000CashEOYFMVAmt
Corporate Stock BOY$441,162CorporateStockBOYAmt
Corporate Stock EOY$9,238,258CorporateStockEOYAmt
Corporate Stock EOYFMV$9,238,258CorporateStockEOYFMVAmt
Total Assets BOY$443,363TotalAssetsBOYAmt
Total Assets EOY$9,240,258TotalAssetsEOYAmt
Total Assets EOYFMV$9,240,258TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$443,363NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$9,240,258NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$443,363TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,240,258TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$443,363TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,240,258TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$443,363TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$103,247ExcessRevenueOverExpensesAmt
Other Increases$8,693,648OtherIncreasesAmt
Subtotal$9,240,258SubtotalAmt
Tot Net Ast Or Fund Balances EOY$9,240,258TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtDepreciationDepreciationAmt
CS-0692 Short Term CoveredP2020-10-212020-12-08$30,801$26,830$3,971
CS-0692 Long Term CoveredP2017-04-052020-06-16$116,043$94,378$21,665
CS ST Non Covered - Wells Fgo BondP2020-01-222020-12-04$33,726$32,157$1,569
CS LT Non Cvd-AecomP2006-05-192020-11-04$8,237$5,472$2,765
CS LT Non Cvd-Vanguard Dev Mkt ETFP2011-10-202020-06-16$10,035$8,181$1,854
CS LT Non Cvd-Tripadvisor IncP2005-08-092020-11-04$4,385$967$3,418
CS LT Non Cvd-HalliburtonP2002-09-252020-11-04$12,637$37,107$24,470
CS LT Non Cvd-CorningP2002-09-252020-11-04$10,141$6,703$3,438
CS LT Non Cvd-IntelP2002-09-252020-11-04$32,031$26,425$5,606
FieldValueIRS element (for citing)
Capital Gain Net Income$81,393CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$5,540NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,131InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,131SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,131TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$7,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$7,000TotalPaymentsAndCreditsAmt
Overpayment$5,869OverpaymentAmt
Applied To ES Tax$1,500AppliedToESTaxAmt
Refund$4,369RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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
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 BooksCharles MitchellIndividualWithBooksNm
Phone9256390835PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1610 Harbor StreetAddressLine1Txt
CityVeniceCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90291ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Charles Mitchell
610 Harbor StreetVeniceCA90291Treasurer CFO0.00$0$0$0
Terry Anne Binkley
2601 Ridge RdBerkeleyCA94709CEO0.00$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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,500,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,502,000TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,502,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$52,530CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,449,470NetVlNoncharitableAssetsAmt
Minimum Investment Return$172,474MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$172,474MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,131TaxBasedOnInvestmentIncomeAmt
Total Tax$1,131TotalTaxAmt
Distributable Before Adj$171,343DistributableBeforeAdjAmt
Distributable Before Ded$171,343DistributableBeforeDedAmt
Distributable As Adjusted$171,343DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$22,000ExpensesAndContributionsAmt
Qualifying Distributions$22,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$22,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$171,343DistributableAsAdjustedAmt
Qualifying Distributions$22,000QualifyingDistributionsAmt
Applied To Current Year$22,000AppliedToCurrentYearAmt
Undistributed Income CY$149,343UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Vascular Cures
274 Redwood Shores Parkway Ste 717Redwood CityCA94065Charitable$10,000
UC Berkeley Foundation
336 Sproul HallBerkeleyCA94720Charitable$10,000
World Central Kitchen
655 New York Ave NW 6th FloorWashingtonDC20001Charitable$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$22,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$81,393RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$81,393RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$81,393TotalIncomeProducingActyAmt

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 preparationCategoryTxt
Amt$760Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockStock investments -Schwab acntStockNm
EOY Book Value$9,238,258EOYBookValueAmt
EOYFMV$9,238,258EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescAdjustmt of Ln 2 gain already refldDesc
Amt$8,693,648Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryCalifornia taxCategoryTxt
Amt$10Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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