BETA

PETE MORGAN FOUNDATION TRUST: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PETE MORGAN FOUNDATION TRUST (EIN 47-0833529)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202103199349109580
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)
Return2021-11-15T16:51:07-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN841281420PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Sprinkle & Associates LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11520 West Canal Court Suite 220AddressLine1Txt
CityLittletonCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80120ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470833529EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETE MORGAN FOUNDATION TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPETEBusinessNameControlTxt
Phone3032972142PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11520 W CANAL COURT STE 220AddressLine1Txt
CityLITTLETONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80120ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKYLEE MCVANEY LOURIEPersonNm
Person TitleTrusteePersonTitleTxt
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKYLEE MCVANEYPersonFirstNm
Person LastLOURIEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonStan G SprinklePreparerPersonNm
PTINP00279589PTIN
Phone3032972121PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$4,494,157FMVAssetsEOYAmt
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$92InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$92InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$71,035DividendsRevAndExpnssAmt
Dividends Net Invst Incm$71,035DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$307,674NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$895,522GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$307,674CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$378,801TotalRevAndExpnssAmt
Total Net Invst Incm$378,801TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$19AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$19AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$9,012OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,012OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$7,889TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$16,920TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,031TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$590,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$590,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$606,920TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,031TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$590,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$228,119ExcessRevenueOverExpensesAmt
Net Investment Income$369,770NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$31,093SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$257,050SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$257,050SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,847,716CorporateStockBOYAmt
Corporate Stock EOY$2,393,640CorporateStockEOYAmt
Corporate Stock EOYFMV$4,237,107CorporateStockEOYFMVAmt
Total Assets BOY$2,878,809TotalAssetsBOYAmt
Total Assets EOY$2,650,690TotalAssetsEOYAmt
Total Assets EOYFMV$4,494,157TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,878,809NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$2,878,809TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,650,690TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,878,809TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,650,690TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,878,809TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$228,119ExcessRevenueOverExpensesAmt
Subtotal$2,650,690SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,650,690TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
CAPITAL GAIN DISTRIBUTIONSP2010-01-012020-12-31$62,868$62,868$62,868
264.033 VANGUARD INSTL INDEX FUND INSTL PLUSP2019-12-142020-02-14$80,366$5,449$5,449$74,917
183.3 VANGUARD INSTL INDEX FUND INSTL PLUSP2020-03-262020-06-22$51,216$10,754$10,754$40,462
2504 VANGUARD INSTL INDEX FUND INSTL PLUSP2014-12-312020-06-22$699,643$227,174$227,174$472,469
KING STREET CAPITAL LTDP2010-01-012020-12-01$1,429$1,429$1,429
FieldValueIRS element (for citing)
Capital Gain Net Income$307,674CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,140InvestmentIncomeExciseTaxAmt
Subtotal$5,140SubtotalAmt
Tax Based On Investment Income$5,140TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$15,000EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$10,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$25,000TotalPaymentsAndCreditsAmt
Overpayment$19,860OverpaymentAmt
Applied To ES Tax$19,860AppliedToESTaxAmt

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 StateCOOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SPRINKLE & ASSOCIATES LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3032972121PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11520 W CANAL CT 220AddressLine1Txt
CityLITTLETONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80120ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

FieldValueIRS element (for citing)
PersonKYLEE MCVANEY LOURIEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11520 W CANAL CT STE 220AddressLine1Txt
CityLITTLETONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80120ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,916,753AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$159,737AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,076,490TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$4,076,490AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$61,147CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,015,343NetVlNoncharitableAssetsAmt
Minimum Investment Return$200,767MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$200,767MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,140TaxBasedOnInvestmentIncomeAmt
Total Tax$5,140TotalTaxAmt
Distributable Before Adj$195,627DistributableBeforeAdjAmt
Distributable Before Ded$195,627DistributableBeforeDedAmt
Distributable As Adjusted$195,627DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$590,000ExpensesAndContributionsAmt
Qualifying Distributions$590,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$590,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$195,627DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$19,658ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$587,909ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$607,567TotalExcessDistributionCyovAmt
Qualifying Distributions$590,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$195,627AppliedToCurrentYearAmt
Remaining Distri From Corpus$394,373RemainingDistriFromCorpusAmt
Total Corpus$1,001,940TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,001,940ExcessDistriCyovToNextYrAmt
Excess From Year4$19,658ExcessFromYear4Amt
Excess From Year1$587,909ExcessFromYear1Amt
Excess From Current Year$394,373ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VALOR CHRISTIAN SCHOOLS
3775 E GRACE BLVDHIGHLANDS RANCHCO80126NonePCGENERAL SUPPORT$20,000
WELLSPRING CHURCH
3885 S BROADWAYENGLEWOODCO80113NonePCGENERAL SUPPORT$500,000
ASONE MINISTRIES
P O BOX 90155SIOUX FALLSSD57109NonePCGENERAL SUPPORT$30,000
CHRIST'S CHURCH OF GODHOPE RISING H
10043 KEENAN STHIGHLANDS RANCHCO80130NonePCGENERAL SUPPORT$30,000
PROMISED LAND LIVING
P O BOX 58786RALEIGHNC27658NonePCGENERAL SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$590,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$92ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$71,035ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$307,674ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$378,801ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$378,801TotalIncomeProducingActyAmt

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)
CategoryRAPTOR GLOBAL FEESCategoryTxt
Amt$19Amt
Net Investment Income$19NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
RAPTOR PRIVATE HOLDINGS LTD$16,712$4,317
RAPTOR GLOBAL PORTFOLIO LIQUIDATING TR$3,025$23,652
VANGUARD INSTL INDEX PLUS FUND$2,373,903$4,209,138

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES$3,000$3,000$0$0
RAPTOR GLOBAL PORTFOLIO FIDUC FEE$12$12$0$0
UNION BANK CUSTODIAL FEES$6,000$6,000$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX REFUNDS$7,111
FEDERAL EXCISE TAXES PAID$15,000

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