BETA

J2 FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
J2 FAMILY FOUNDATION (EIN 46-3595823)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-17
IRS object ID
202101379349102550
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)
Return2021-05-17T15:32:10-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363077757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRAY HUNTER STENN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAINE STAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463595823EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1J2 FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJ2FABusinessNameControlTxt
Phone2177734411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH P TRACYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2021-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOSEPHPersonFirstNm
Person LastTRACYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY A MCPHERSON CPAPreparerPersonNm
PTINP00917157PTIN
Phone2172220304PhoneNum
Preparation2021-05-14PreparationDt
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$3,730,187FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$470,113ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$32,221DividendsRevAndExpnssAmt
Dividends Net Invst Incm$32,221DividendsNetInvstIncmAmt
Dividends Adj Net Incm$32,221DividendsAdjNetIncmAmt
Total Rev And Expnss$502,344TotalRevAndExpnssAmt
Total Net Invst Incm$32,231TotalNetInvstIncmAmt
Total Adj Net Incm$32,231TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,235AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$926AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$926AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$309AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$158TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,408TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$926TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$926TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$309TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$192,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$192,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$193,808TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$926TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$926TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$192,709TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$308,536ExcessRevenueOverExpensesAmt
Net Investment Income$31,305NetInvestmentIncomeAmt
Adjusted Net Income$31,305AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$3,519SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,942SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,942SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,911,744OtherInvestmentsBOYAmt
Other Investments EOY$2,211,857OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,718,245OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,915,263TotalAssetsBOYAmt
Total Assets EOY$2,223,799TotalAssetsEOYAmt
Total Assets EOYFMV$3,730,187TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,915,263CapitalStockBOYAmt
Capital Stock EOY$2,223,799CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,915,263TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,223,799TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,915,263TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,223,799TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,915,263TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$308,536ExcessRevenueOverExpensesAmt
Subtotal$2,223,799SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,223,799TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$435InvestmentIncomeExciseTaxAmt
Subtotal$435SubtotalAmt
Tax Based On Investment Income$435TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,094EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,094TotalPaymentsAndCreditsAmt
Overpayment$659OverpaymentAmt
Applied To ES Tax$659AppliedToESTaxAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOSEPH P TRACYIndividualWithBooksNm
Phone2177733922PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
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
JOSEPH P TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301PRESIDENT1.00$0$0$0
JILL A TRACY
3301 CAMBRIDGE ESTATESQUINCYIL62301TREASURER1.00$0$0$0
CHRISTIE L MUGERDITCHIAN
3115 EVANGELINE ROADQUINCYIL62301SECRETARY1.00$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)
Description1N/ADescription1Txt

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,732AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,447,226FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,457,958TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,457,958AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$51,869CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,406,089NetVlNoncharitableAssetsAmt
Minimum Investment Return$170,304MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$170,304MinimumInvestmentReturnAmt
Tax Based On Investment Income$435TaxBasedOnInvestmentIncomeAmt
Total Tax$435TotalTaxAmt
Distributable Before Adj$169,869DistributableBeforeAdjAmt
Distributable Before Ded$169,869DistributableBeforeDedAmt
Distributable As Adjusted$169,869DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$192,709ExpensesAndContributionsAmt
Qualifying Distributions$192,709QualifyingDistributionsAmt
Adjusted Qualifying Distri$192,709AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$169,869DistributableAsAdjustedAmt
Undistributed Income PY$33,932UndistributedIncomePYAmt
Qualifying Distributions$192,709QualifyingDistributionsAmt
Applied To Year1$33,932AppliedToYear1Amt
Applied To Current Year$158,777AppliedToCurrentYearAmt
Undistributed Income CY$11,092UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEPH P TRACYContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJ2 FAMILY FOUNDATION JOSEPH TRACYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2177734411RecipientPhoneNum
Recipient Email AddressJOETRACY@DOTFOODS.COMRecipientEmailAddressTxt
Form And Info And MaterialsTHE FOUNDATION WILL NOT INITIALLY REQUIRE THAT RECIPIENT CHARITIES APPLY FOR GRANTS, BUT MAY LATER AS THE FOUNDATION GROWS. INSTEAD OF REACTING TO GRANT REQUESTS, THE FOUNDATION WILL BE PRO-ACTIVE IN SELECTING WORTHY AREA CHARITIES FOR GRANTS WITHIN THE SCOPE OF THE FOUNDATION'S PURPOSE.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsAWARDS ARE GENERALLY LIMITED TO ORGANIZATIONS THAT EDUCATE STUDENTS SUCH AS PAROCHIAL AND PUBLIC SCHOOLS, ORGANIZATIONS THAT PROVIDE AID AND ASSISTANCE TO YOUNG CHILDREN, YOUNG MOTHERS, FAMILIES, AND ALL INVIDIUALS WHO ARE STRUGGLING TO SUPPORT THEMSELVES SHORT-TERM AND NEED ASSISTANCE AND SUPPORT TO GET BACK ON THEIR FEET AND COMPLETE THEIR EDUCATION OR GAINFUL EMPLOYMENT, AND ORGANIZATIONS OR PROGRAMS THAT DEVELOP LEADERSHIP SKILLS OF INDIVIDUALS WHO RESIDE WITHIN A 100-MILE RADIUS OF QUINCY, ILLINOIS, THROUGH PROGRAMS, SEMINARS AND SCHOLARSHIPS TO THOSE WHO HAVE ACHIEVED AT LEAST A HIGH SCHOOL DEGREE.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
QUINCY NOTRE DAME FOUNDATION
1400 SOUTH 11 STQUINCYIL62301PCTEACHER, TALENT, RECRUITMENT, RETENT$89,400
UNITED WAY ADAMS COUNTY
936 BROADWAY ST STE FQUINCYIL62301PCCHARITABLE SUPPORT$3,000
QUINCY UNIVERSITY
1800 COLLEGE AVEQUINCYIL62301PCFACULTY INCENTIVE PROGRAM$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$192,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$32,221ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$32,231ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$32,231TotalIncomeProducingActyAmt

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 PersonJOSEPH P TRACYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP62301ZIPCd
FieldValueIRS element (for citing)
Total Contributions$470,113TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1,325 DOT FOODS, INC. NON-VOTINGNoncashPropertyDesc
Fair Market Value$300,113FairMarketValueAmt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,235Amt
Net Investment Income$926NetInvestmentIncomeAmt
Adjusted Net Income$926AdjustedNetIncomeAmt
Disbursements Charitable Prps$309DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item14,610. DOT FOODS, INC-CLOSELY-HELDCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$2,211,857BookValueAmt
EOYFMV$3,718,245EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
IL CHARITABLE ANNUAL REPORT F$15

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonJOSEPH P TRACYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13301 CAMBRIDGE ESTATESAddressLine1Txt
CityQUINCYCityNm
State AbbreviationILStateAbbreviationCd
ZIP623013926ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$158Amt

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