BETA

BAER FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
BAER FAMILY FOUNDATION INC (EIN 20-3991889)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-03
IRS object ID
202121239349101432
Schema version
2020v4.1
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)
Return2021-05-03T11:07:55-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEVEN B WALTERS CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 67TH STREETAddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203991889EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BAER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBAERBusinessNameControlTxt
Phone5617024443PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1462 E BOCA RATON ROADAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID B BAERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2021-05-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVID B BAERPersonFirstNm
Person LastPRESIDENTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN B WALTERSPreparerPersonNm
PTINP00503757PTIN
Phone7574816670PhoneNum
Preparation2021-05-03PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
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$622,760FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$7,175DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,175DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$17,095NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$32,649GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$17,095CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$25,270TotalRevAndExpnssAmt
Total Net Invst Incm$24,270TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$950OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$950OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$607TaxesRevAndExpnssAmt
Taxes Net Invst Incm$607TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,573OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,573OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,130TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,130TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$30,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$30,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$34,130TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,130TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$30,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,860ExcessRevenueOverExpensesAmt
Net Investment Income$20,140NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$33,141CashBOYAmt
Cash EOY$27,327CashEOYAmt
Cash EOYFMV$27,327CashEOYFMVAmt
Other Investments BOY$523,267OtherInvestmentsBOYAmt
Other Investments EOY$526,621OtherInvestmentsEOYAmt
Other Investments EOYFMV$595,433OtherInvestmentsEOYFMVAmt
Total Assets BOY$556,408TotalAssetsBOYAmt
Total Assets EOY$553,948TotalAssetsEOYAmt
Total Assets EOYFMV$622,760TotalAssetsEOYFMVAmt
Accounts Payable BOY$23,600AccountsPayableBOYAmt
Accounts Payable EOY$30,000AccountsPayableEOYAmt
Total Liabilities BOY$23,600TotalLiabilitiesBOYAmt
Total Liabilities EOY$30,000TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$532,808NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$523,948NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$532,808TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$523,948TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$556,408TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$553,948TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$532,808TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,860ExcessRevenueOverExpensesAmt
Subtotal$523,948SubtotalAmt
Tot Net Ast Or Fund Balances EOY$523,948TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
268 SH ALGER SPECTRA FUNDP2009-11-022020-02-24$6,469$2,524$3,945$3,945
582 SH NUVEEN GLOBAL INFRAP2009-11-022020-02-24$6,772$4,535$2,237$2,237
46 SH NUVEEN GLOBAL INFRAP2009-11-252020-02-24$539$384$155$155
293 SH PGIM TOTAL RETURN BDP2018-01-022020-02-24$4,360$4,264$96$96
62 SH WELLS FARGO GR FDP2011-04-192020-02-24$2,830$2,441$389$389
1 SH WELLS FARGO GR FDP2011-04-202020-02-24$83$73$10$10
3 SH WELLS FARGO GR FDP2011-12-122020-02-24$143$121$22$22
610 UBS GOVT MONEY MKTP2020-07-282020-07-28$610$610
602 UBS GOVT MONEY MKTP2020-10-232020-10-23$602$602
FieldValueIRS element (for citing)
Capital Gain Net Income$17,095CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$280InvestmentIncomeExciseTaxAmt
Subtotal$280SubtotalAmt
Tax Based On Investment Income$280TaxBasedOnInvestmentIncomeAmt
Tax Due$280TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
Org Report Or Register StateMDOrgReportOrRegisterStateCd
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 BooksDAVID B BAERIndividualWithBooksNm
Phone5617024443PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1462 E BOCA RATON ROADAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DAVID B BAER
462 E BOCA RATON ROADBOCA RATONFL33432PRESIDENT003.00$0
JUSTIN M BAER
8504 BURNING TREE ROADBETHESDAMD20817TRUSTEE001.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

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$537,009AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,479AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$561,488TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$561,488AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,422CashDeemedCharitableAmt
Net Vl Noncharitable Assets$553,066NetVlNoncharitableAssetsAmt
Minimum Investment Return$27,653MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$27,653MinimumInvestmentReturnAmt
Tax Based On Investment Income$280TaxBasedOnInvestmentIncomeAmt
Total Tax$280TotalTaxAmt
Distributable Before Adj$27,373DistributableBeforeAdjAmt
Distributable Before Ded$27,373DistributableBeforeDedAmt
Distributable As Adjusted$27,373DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$30,000ExpensesAndContributionsAmt
Qualifying Distributions$30,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$30,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$27,373DistributableAsAdjustedAmt
Undistributed Income PY$25,506UndistributedIncomePYAmt
Qualifying Distributions$30,000QualifyingDistributionsAmt
Applied To Year1$25,506AppliedToYear1Amt
Applied To Current Year$4,494AppliedToCurrentYearAmt
Undistributed Income CY$22,879UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
JEWISH FEDERATION OF GREATER WASHIN
6101 EXECUTIVE BLVD STE 100NORTH BETHESDAMD20852PCYOUNG LEADERSHIP$5,000
CHARLES E SMITH JEWISH DAY SCHOOL
11710 HUNTERS LANEROCKVILLEMD20852PCUNRESTRICTED GIFT$10,000
UJA JEWISH COLORADO ASPEN VALLEY
300 S DAHLIA STREET STE 300DENVERCO80246PCUNRESTRICTED GIFT$5,000
JEWISH FEDERATION OF SOUTH PALM BEA
9901 DONNA KLEIN BLVDBOCA RATONFL33428PCUNRESTRICTED GIFT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$30,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,175ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$17,095ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$24,270ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,270TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (13 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIRST EAGLE GLOBAL FUNDAT COST$36,480$44,910
NUVEEN GLOBAL EQUITY INC FDAT COST$51,073$50,053
NUVEEN GLOBAL INFRA FUNDAT COST$50,939$56,399
WELLS FARGO GROWTH FDAT COST$25,631$34,999
PIMCO GNMA FUNDAT COST$67,017$67,229
HODGES SMALL CAP FUNDAT COST$23,444$26,398
VICTORY RS INVESTORS FUND CLASS YAT COST$18,105$18,285
VICTORY RS MID CAP GROWTHAT COST$14,693$24,646
STATE OF ISRAEL BDAT COST$35,000$35,000
ALGER SPECTRA FUND CLASS ZAT COST$34,905$62,085
BLACKROCK STRATEGIC GLOBAL BD FDAT COST$33,678$35,166
BOSTON PARTNERS L/S RESEARCH FDAT COST$68,229$70,191
PGIM TOTAL RETURN BOND CL ZAT COST$67,427$70,072

Legal Fees Schedule LegalFeesSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
QUARTERLY MANAGEMENT FEES$2,548$2,548
OTHER FEES$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategorySTEVEN B. WALTERS, CPACategoryTxt
Amt$950Amt
Net Investment Income$950NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTax on investment incomeCategoryTxt
Amt$607Amt
Net Investment Income$607NetInvestmentIncomeAmt

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