TED AND ROWENA CROSBIE FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
TED AND ROWENA CROSBIE FOUNDATION (EIN 81-4726692)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-04-28
IRS object ID
202111189349100706
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)
Return2021-04-28T08:45:57-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421104473PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCGOWEN HURST CLARK & SMITH PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11601 W LAKES PKWY STE 300AddressLine1Txt
CityWEST DES MOINESCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50266ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814726692EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TED & ROWENA CROSBIE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTED&BusinessNameControlTxt
Phone5159719077PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROWENA CROSBIEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5159719077PhoneNum
Signature2021-04-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROWENAPersonFirstNm
Person LastCROSBIEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHLEEN A KOENIG CPAPreparerPersonNm
PTINP00054884PTIN
Phone5152883279PhoneNum
Preparation2021-04-09PreparationDt
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$1,427,151FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$124,857ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23,525DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,525DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$76,188NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$581,403GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$76,188CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$224,573TotalRevAndExpnssAmt
Total Net Invst Incm$99,716TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,910AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,455AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,455AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$12,076OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,076OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$4,660TaxesRevAndExpnssAmt
Taxes Net Invst Incm$190TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$19,646TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,721TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,455TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$62,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$62,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$81,646TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,721TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$63,455TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$142,927ExcessRevenueOverExpensesAmt
Net Investment Income$85,995NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$12,581SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$89,679SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$89,679SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$929,980CorporateStockBOYAmt
Corporate Stock EOY$883,698CorporateStockEOYAmt
Corporate Stock EOYFMV$1,238,860CorporateStockEOYFMVAmt
Corporate Bonds BOY$30,160CorporateBondsBOYAmt
Corporate Bonds EOY$96,038CorporateBondsEOYAmt
Corporate Bonds EOYFMV$98,612CorporateBondsEOYFMVAmt
Total Assets BOY$972,721TotalAssetsBOYAmt
Total Assets EOY$1,069,415TotalAssetsEOYAmt
Total Assets EOYFMV$1,427,151TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$972,721RetainedEarningBOYAmt
Retained Earning EOY$1,069,415RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$972,721TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,069,415TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$972,721TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,069,415TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$972,721TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$142,927ExcessRevenueOverExpensesAmt
Subtotal$1,115,648SubtotalAmt
Other Decreases$46,233OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,069,415TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SCHWAB STP2020-01-012020-12-31$107,623$105,186$2,437$2,437
SCHWAB LTP2019-01-012020-12-31$473,661$400,029$73,632$73,632
FieldValueIRS element (for citing)
Capital Gain Net Income$76,188CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,437NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,195InvestmentIncomeExciseTaxAmt
Subtotal$1,195SubtotalAmt
Tax Based On Investment Income$1,195TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,800EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,800TotalPaymentsAndCreditsAmt
Overpayment$1,605OverpaymentAmt
Applied To ES Tax$1,605AppliedToESTaxAmt

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 StateIAOrgReportOrRegisterStateCd
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 BooksROWENA CROSBIEIndividualWithBooksNm
Phone5159719077PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
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

FieldValueIRS element (for citing)
PersonROWENA CROSBIEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE CTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$969,938AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$51,130AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,021,068TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,021,068AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,316CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,005,752NetVlNoncharitableAssetsAmt
Minimum Investment Return$50,288MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$50,288MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,195TaxBasedOnInvestmentIncomeAmt
Total Tax$1,195TotalTaxAmt
Distributable Before Adj$49,093DistributableBeforeAdjAmt
Distributable Before Ded$49,093DistributableBeforeDedAmt
Distributable As Adjusted$49,093DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$63,455ExpensesAndContributionsAmt
Qualifying Distributions$63,455QualifyingDistributionsAmt
Adjusted Qualifying Distri$63,455AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$49,093DistributableAsAdjustedAmt
Undistributed Income PY$14,673UndistributedIncomePYAmt
Qualifying Distributions$63,455QualifyingDistributionsAmt
Applied To Year1$14,673AppliedToYear1Amt
Applied To Current Year$48,782AppliedToCurrentYearAmt
Undistributed Income CY$311UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line2RecipientUSAddress/AddressLine2Txt
WORLD FOOD PRIZE
100 LOCUST STREETDES MOINESIA50309501C3EDUCATION$30,000
CHRYSALIS FOUNDATION
300 E LOCUST ST NO 245DES MOINESIA503091852501C3SUPPORT$1,000
VARIETY - THE CHILDREN'S CHARITY OF
505 5TH AVENUEDES MOINESIA50309501C3SUPPORT$1,000IOWA
GIRL SCOUTS
10715 HICKMAN ROADURBANDALEIA503223733501C3EDUCATION$1,000
LEUKEMIA & LYMPHOMA SOCIETY
2700 WESTOWN PKWY 260WEST DES MOINESIA50266501C3SUPPORT$500
FOOD BANK OF IOWA
PO BOX 1517DES MOINESIA50305501C3SUPPORT$10,000
URBAN DREAMS
601 FOREST AVENUEDES MOINESIA50314501C3SUPPORT$15,000
CIVIC MUSIC ASSOCIATION OF
900 KEOSAUQUA WAYDES MOINESIA50309501C3EDUCATION$1,000DES MOINESSUITE 113
ROTARY DMAM FOUNDATION
32409 WILDWOOD DRIVEADELIA50003501C3SUPPORT$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$62,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,525ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$76,188ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$99,716ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$99,716TotalIncomeProducingActyAmt

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 PersonROWENA CROSBIEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line135054 FILMORE COURTAddressLine1Txt
CityEARLHAMCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50072ZIPCd
FieldValueIRS element (for citing)
Total Contributions$124,857TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
11,229 ISHARES RUSSELL MID CAP$83,8612020-12-17
1210 ISHARES RUSSELL 2000$40,9962020-12-17

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,910Amt
Net Investment Income$1,455NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,455DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondBONDSBondNm
EOY Book Value$96,038EOYBookValueAmt
EOYFMV$98,612EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKSStockNm
EOY Book Value$883,698EOYBookValueAmt
EOYFMV$1,238,860EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TO FMV ADJUSTMENT AT TIME OF STOCK DONATIONDesc
Amt$46,233Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$12,076Amt
Net Investment Income$12,076NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
TAXES OWED & ESTIMATES$4,470
FOREIGN TAX$190$190

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