SKIP AND SUSAN GILLILAND FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SKIP AND SUSAN GILLILAND FOUNDATION (EIN 20-2020387)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-09
IRS object ID
202103139349100625
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)
Return2021-11-09T09:39:03-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593744758PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PADGETT AND DAVIS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1447 ATLANTIC BLVD STE 5AddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32233ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN202020387EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SKIP & SUSAN GILLILANDBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSKIPBusinessNameControlTxt
Phone3362402242PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 COUNTRY CLUB LANEAddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32233ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE F GILLILANDPersonNm
Person TitlePRES, TREA, DIRECTORPersonTitleTxt
Phone3362402242PhoneNum
Signature2021-11-09SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGEORGEPersonFirstNm
Person LastGILLILANDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDONALD A PADGETTPreparerPersonNm
PTINP01290430PTIN
Phone9042491776PhoneNum
Preparation2021-11-09PreparationDt
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$1,019,686FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$60InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$60InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$60InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$16,132DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,132DividendsNetInvstIncmAmt
Dividends Adj Net Incm$16,132DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$4,835NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$110,905GrossSalesPriceAmt
Other Income Rev And Expnss$16,555OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$16,555OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$16,555OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$27,912TotalRevAndExpnssAmt
Total Net Invst Incm$32,747TotalNetInvstIncmAmt
Total Adj Net Incm$32,747TotalAdjNetIncmAmt
Deprec And Dpltn Rev And Expnss$3,907DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Adj Net Incm$3,907DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$50,633OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$50,633OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$54,540TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$50,633TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,907TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,316ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,316ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$74,856TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$50,633TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,907TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$20,316TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$46,944ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$28,840AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,411CashBOYAmt
Cash EOY$9,844CashEOYAmt
Cash EOYFMV$9,844CashEOYFMVAmt
Other Investments BOY$761,992OtherInvestmentsBOYAmt
Other Investments EOY$831,141OtherInvestmentsEOYAmt
Other Investments EOYFMV$831,141OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$241,776LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$63,075LandBldgEquipAccumDeprecAmt
Land BOY$209,732LandBOYAmt
Land EOY$178,701LandEOYAmt
Land EOYFMV$178,701LandEOYFMVAmt
Total Assets BOY$974,135TotalAssetsBOYAmt
Total Assets EOY$1,019,686TotalAssetsEOYAmt
Total Assets EOYFMV$1,019,686TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$974,135RetainedEarningBOYAmt
Retained Earning EOY$1,019,686RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$974,135TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,019,686TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$974,135TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,019,686TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$974,135TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$46,944ExcessRevenueOverExpensesAmt
Other Increases$92,495OtherIncreasesAmt
Subtotal$1,019,686SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,019,686TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$1,944EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,944TotalPaymentsAndCreditsAmt
Overpayment$1,944OverpaymentAmt
Applied To ES Tax$1,944AppliedToESTaxAmt

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
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
Website AddressN/AWebsiteAddressTxt
Individual With BooksGEORGE F GILLILANDIndividualWithBooksNm
Phone3362402242PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1330 COUNTRY CLUB LANEAddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32233ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GEORGE F GILLILAND
330 COUNTRY CLUB LANEATLANTIC BEACHFL32233PRES, TREA,1.00$0$0$0
SUSAN F GILLILAND
330 COUNTRY CLUB LANEATLANTIC BEACHFL32233SECRETARY, D0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$944,536AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,128AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$950,664TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$950,664AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,260CashDeemedCharitableAmt
Net Vl Noncharitable Assets$936,404NetVlNoncharitableAssetsAmt
Minimum Investment Return$46,820MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$46,820MinimumInvestmentReturnAmt
Distributable Before Adj$46,820DistributableBeforeAdjAmt
Distributable Before Ded$46,820DistributableBeforeDedAmt
Distributable As Adjusted$46,820DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,316ExpensesAndContributionsAmt
Qualifying Distributions$20,316QualifyingDistributionsAmt
Adjusted Qualifying Distri$20,316AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$46,820DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$46,596ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$46,596TotalExcessDistributionCyovAmt
Qualifying Distributions$20,316QualifyingDistributionsAmt
Applied To Current Year$20,316AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$26,504ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$26,504ExcessDistributionCyovAppCYAmt
Total Corpus$20,092TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$20,092ExcessDistriCyovToNextYrAmt
Excess From Year3$20,092ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DISCOVERY INSTITUTE
208 COLUMBIA STREETSEATTLEWA98104SCIENTIFIC AND TECH EDUCATION$10,000
AMERICAN ALLIANCE OF JEWS AND CHRIS
PO BO 58MERCER ISLANDWA98040CHARITABLE ACTIVITIES$566
BEACHES CHAPEL
610 FLORIDA BLVDNEPTUNE BEACHFL32266CHARITABLE ACTIVITIES$6,500
OTHER VARIOUS CHARITIES
VARIOUSNEPTUNE BEACHFL32266VARIOUS COMMUNITY SUPPORT GROUPS$3,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,316TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Rev Part VII ProgramServiceRevPartVIIGrp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$60ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,132ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$16,555ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$4,835RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$32,747ExclusionAmt
Related Or Exempt Function Incm-$4,835RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$27,912TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (6 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtAdjusted Net IncomeAdjustedNetIncomeAmt
LAND2005-03-11$100,000
BUILDING2005-03-11$150,000$56,890S/L39.0000$3,846$3,846
ROOF - LAURO'S HOUSE2017-05-01$2,395$773S/L39.0000$61$61
GAS TANK - JUSTIN2007-03-01$479$479200DB5.0000
WINDOWS - 51092012-06-01$1,026$1,026200DB7.0000
LAND IMPROVMENT2018-04-02$15,000

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
BBT 1546 SEE ATTACHEDPURCHASE$2,867$3,489-$622
BBT 1546 SEE ATTACHEDPURCHASE$108,038$112,251-$4,213

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
BB&T ACCOUNT 1546FMV$770,748$770,748
LIFECODEXFMV$60,393$60,393

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Cost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
$126,776$63,075$63,701$63,701
$115,000$115,000$115,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT FEES$4,662$4,662
ADMINISTRATION FEES$41$41
PROFESSIONAL FEES$3,250$3,250
RENTAL EXPENSES:
PROPERTY TAXES$2,373$2,373
UTILITIES$355$355
INSURANCE$757$757
REPAIRS AND MAINTENACE$32,232$32,232
DEPRECIATION$3,908$3,908
OFFICE EXPENSE$6$6
LICENSE AND TAXES$100$100
PROFESSIONAL FEES$2,949$2,949

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Revenue And Expenses Per Books$16,555RevenueAndExpensesPerBooksAmt
Net Investment Income$16,555NetInvestmentIncomeAmt
Adjusted Net Income$16,555AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN FMV OF INVESTMENTSDesc
Amt$92,495Amt

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