THE FALCK FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: THE FALCK FOUNDATION INC (EIN 59-3098588)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-04-20
IRS object ID: 202101109349100620
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
Form 990-PF
Accounting Fees Schedule
Gain Loss Sale Other Assets Sch
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-04-20T11:36:46-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	592110180	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HILLEGASS CHEPENIK & HOOD CPAS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	427 3RD STREET NORTH	AddressLine1Txt
City	JACKSONVILLE BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	322507028	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	593098588	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE FALCK FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FALC	BusinessNameControlTxt
Phone	9042002154	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5574 RAMBLEWOOD COURT	AddressLine1Txt
City	COLUMBUS	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	43235	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DAPHNE E FRANC	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	9042460713	PhoneNum
Signature	2021-04-20	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DAPHNE	PersonFirstNm
Person Last	FRANC	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	TERRY J HOOD	PreparerPersonNm
PTIN	P01200953	PTIN
Phone	9042002154	PhoneNum
Preparation	2021-04-20	PreparationDt

Field	Value	IRS element (for citing)
Tax	2020	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	$1,822,156	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	$5,000	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$38,353	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$38,353	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$82,019	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$146,161	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$46,343	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$141	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$141	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$125,513	TotalRevAndExpnssAmt
Total Net Invst Incm	$84,696	TotalNetInvstIncmAmt
Total Adj Net Incm	$141	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$1,175	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$1,175	AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss	$15,599	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$14,401	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$16,774	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$15,576	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$84,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$84,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$100,774	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$15,576	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$84,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$24,739	ExcessRevenueOverExpensesAmt
Net Investment Income	$69,120	NetInvestmentIncomeAmt
Adjusted Net Income	$141	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$1,042	SavAndTempCashInvstBOYAmt
Other Investments BOY	$1,553,309	OtherInvestmentsBOYAmt
Other Investments EOY	$1,579,090	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$1,822,156	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$1,554,351	TotalAssetsBOYAmt
Total Assets EOY	$1,579,090	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,822,156	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$1,554,351	RetainedEarningBOYAmt
Retained Earning EOY	$1,579,090	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,554,351	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,579,090	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,554,351	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,579,090	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,554,351	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$24,739	ExcessRevenueOverExpensesAmt
Subtotal	$1,579,090	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,579,090	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$46,343	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$961	InvestmentIncomeExciseTaxAmt
Subtotal	$961	SubtotalAmt
Tax Based On Investment Income	$961	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$22	EsPenaltyAmt
Tax Due	$983	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	TERRY J HOOD	IndividualWithBooksNm
Phone	9042002154	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 459	AddressLine1Txt
City	MAGGIE VALLEY	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28751	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
DAPHNE E FRANC
8049 WHISPER LAKE LANE WEST	8049 WHISPER LAKE LANE WEST	PONTE VEDRA BEACH	FL	32082	TRUSTEE	1.00	$0	$0	$0
REBECCA F WININGER
5574 RAMBLEWOOD COURT	5574 RAMBLEWOOD COURT	COLUMBUS	OH	43235	TRUSTEE	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,650,492	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$408	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,650,900	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$1,650,900	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$24,764	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,626,136	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$81,307	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$81,307	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$961	TaxBasedOnInvestmentIncomeAmt
Total Tax	$961	TotalTaxAmt
Distributable Before Adj	$80,346	DistributableBeforeAdjAmt
Distributable Before Ded	$80,346	DistributableBeforeDedAmt
Distributable As Adjusted	$80,346	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$84,000	ExpensesAndContributionsAmt
Qualifying Distributions	$84,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$84,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$80,346	DistributableAsAdjustedAmt
Undistributed Income PY	$79,906	UndistributedIncomePYAmt
Qualifying Distributions	$84,000	QualifyingDistributionsAmt
Applied To Year1	$79,906	AppliedToYear1Amt
Applied To Current Year	$4,094	AppliedToCurrentYearAmt
Undistributed Income CY	$76,252	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
FL SCHOOL-DEAF & BLIND
207 SAN MARCO AVE	207 SAN MARCO AVE	ST AUGUSTINE	FL	32084	NONE	DONATION	$42,000
SPINAL CORD SOCIETY
19051 COUNTY HIGHWAY	19051 COUNTY HIGHWAY	FERGUS FALLS	MN	56537	NONE	DONATION	$42,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$84,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$38,353	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$82,019	RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	NONDIVIDEND DISTRIBUTIONS	Desc
Related Or Exempt Function Incm	$141	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$120,513	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$120,513	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$1,175	Amt
Net Investment Income	$1,175	NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (5 entries)

AssetAssetDesc	AcquiredAcquiredDt	How AcquiredHowAcquiredTxt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	BasisBasisAmt	Total NetTotalNetAmt
COVERED SECURITIES-WELLS FARGO	2014-01	PURCHASE	2020-11	$38,462	$29,536	$8,926
BLACKROCK GLOBAL ALLOC-696.790 SHS	2009-05	PURCHASE	2020-11	$15,044	$11,489	$3,555
AMERICAN FUNDS CAP WRLD-55.356 SHS	2010-06	PURCHASE	2020-11	$3,107	$1,670	$1,437
AMERFUNDS GRTH FUND AMER-688.693 SHS	2010-06	PURCHASE	2020-11	$43,157	$21,447	$21,710
GEN MTS 7.375% SR NT	2020-10	PURCHASE	2020-10	$48		$48

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	MUTUAL FUNDS	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
Book Value	$1,579,090	BookValueAmt
EOYFMV	$1,822,156	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKERAGE FEES	$14,401	$14,401
FEDERAL INCOME TAX	$1,198

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	NONDIVIDEND DISTRIBUTIONS	Desc
Revenue And Expenses Per Books	$141	RevenueAndExpensesPerBooksAmt
Adjusted Net Income	$141	AdjustedNetIncomeAmt

THE FALCK FOUNDATION INC: Form 990PF, tax year 2020

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (5 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Comments