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STRONGPOINT FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
STRONGPOINT FOUNDATION (EIN 84-3869796)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-10
IRS object ID
202121309349101702
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)
Return2021-05-10T09:57:39-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350900596PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARNES & THORNBURGBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 N WACKER DR SUITE 4400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN843869796EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Strongpoint FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTROBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1650B Fremont AveAddressLine1Txt
CityLos AltosCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94024ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid BabulakPersonNm
Person TitlePresidentPersonTitleTxt
Signature2021-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDavidPersonFirstNm
Person LastBabulakPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHeather CarmodyPreparerPersonNm
PTINP01426185PTIN
Phone3122148337PhoneNum

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$2,325,473FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$664,204ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,983InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,983InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5,983InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$20,800DividendsRevAndExpnssAmt
Dividends Net Invst Incm$20,800DividendsNetInvstIncmAmt
Dividends Adj Net Incm$20,800DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$549NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$30,050GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$549CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$549NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss-$72,965OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$618,571TotalRevAndExpnssAmt
Total Net Invst Incm$27,332TotalNetInvstIncmAmt
Total Adj Net Incm$27,332TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$9,569AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,300OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$10,869TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$517,824ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$517,824ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$528,693TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$517,824TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$89,878ExcessRevenueOverExpensesAmt
Net Investment Income$27,332NetInvestmentIncomeAmt
Adjusted Net Income$27,332AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,004,727CashBOYAmt
Cash EOY$1,690CashEOYAmt
Cash EOYFMV$1,690CashEOYFMVAmt
Other Assets EOY$2,323,783OtherAssetsEOYAmt
Other Assets EOYFMV$2,323,783OtherAssetsEOYFMVAmt
Total Assets BOY$2,004,727TotalAssetsBOYAmt
Total Assets EOY$2,325,473TotalAssetsEOYAmt
Total Assets EOYFMV$2,325,473TotalAssetsEOYFMVAmt
Accounts Payable EOY$15AccountsPayableEOYAmt
Total Liabilities EOY$15TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,004,727NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$2,004,727TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,325,458TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,004,727TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,325,473TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,004,727TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$89,878ExcessRevenueOverExpensesAmt
Other Increases$230,853OtherIncreasesAmt
Subtotal$2,325,458SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,325,458TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyGS - see attachedPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2020-01-01AcquiredDt
Sold2020-01-01SoldDt
Gross Sales Price$30,050GrossSalesPriceAmt
Cost Or Other Basis$29,501CostOrOtherBasisAmt
Gain Or Loss$549GainOrLossAmt
Gains Minus Excess Or Losses$549GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$549CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$549NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$380InvestmentIncomeExciseTaxAmt
Subtotal$380SubtotalAmt
Tax Based On Investment Income$380TaxBasedOnInvestmentIncomeAmt
Tax Due$380TaxDueAmt

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 StateCAOrgReportOrRegisterStateCd
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 Line1Dave BabulakBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3128061488PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11727 S Springer Road Unit AAddressLine1Txt
CityMountain ViewCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94040ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
David Babulak
655 Bradford 744Palo AltoCA94063President1.00$0
Lien Babulak
655 Bradford 744Palo AltoCA94063Treasurer1.00$0
John McCarthy
6506 Brookes Hil CTBethesdaMD20816Secretary1.00$0
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$1,434,406AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,792AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$413,324FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,849,522TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,849,522AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$27,743CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,821,779NetVlNoncharitableAssetsAmt
Minimum Investment Return$91,089MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$91,089MinimumInvestmentReturnAmt
Tax Based On Investment Income$380TaxBasedOnInvestmentIncomeAmt
Total Tax$380TotalTaxAmt
Distributable Before Adj$90,709DistributableBeforeAdjAmt
Distributable Before Ded$90,709DistributableBeforeDedAmt
Distributable As Adjusted$90,709DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$517,824ExpensesAndContributionsAmt
Qualifying Distributions$517,824QualifyingDistributionsAmt
Adjusted Qualifying Distri$517,824AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$90,709DistributableAsAdjustedAmt
Undistributed Income PY$3,978UndistributedIncomePYAmt
Qualifying Distributions$517,824QualifyingDistributionsAmt
Applied To Year1$3,978AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$90,709AppliedToCurrentYearAmt
Remaining Distri From Corpus$423,137RemainingDistriFromCorpusAmt
Total Corpus$423,137TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$423,137ExcessDistriCyovToNextYrAmt
Excess From Current Year$423,137ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Institute for Justice
901 North Glebe Road Suite 900ArlingtonVA22203NonePCUnrestricted gift$30,000
JDFR
200 Vesey Street 28th FloorNew YorkNY10281NonePCUnrestricted gift$1,000
Second Harvest of Silicon Valley
750 Curtner AvenueSan JoseCA95125NonePCUnrestricted gift.$424,824
Sunnyvale Community Services
725 Kifer RoadSunnyvaleCA94086NonePCUnrestricted gift.$15,000
SJSU Human Rights
One Washing SquareSan JoseCA95192NonePCUnrestricted gift.$45,000
United States Healthful Food
1111 Broadway 3rd FloorOaklandCA94607NonePCUnrestricted gift.$1,000
Urban Prairie
1310 S Ashland AveChicagoIL60608NonePCUnrestricted gift.$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$517,824TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$5,983ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$20,800ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$549ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$27,332ExclusionAmt
Related Or Exempt Function Incm-$72,965RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$45,633TotalIncomeProducingActyAmt

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 PersonDavid BabulakContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11727 S Springer Road Unit AAddressLine1Txt
CityMountain ViewCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94040ZIPCd
FieldValueIRS element (for citing)
Total Contributions$664,204TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLegal & accuntingCategoryTxt
Amt$9,569Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Goldman Sachs$1,899,379
Investment in EMP, LLC$424,404
Investment in GS$1,899,379
Other investments$424,404

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMiscellaneousDesc
Revenue And Expenses Per Books$1,300RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Revenue And Expenses Per Books-$72,965RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUnrealized gainsDesc
Amt$230,853Amt

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