THE TEN TALENT FOUNDATION LTD: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE TEN TALENT FOUNDATION LTD (EIN 39-1822359)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-13
IRS object ID
202121339349102082
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)
Return2021-05-13T12:40:12-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200503877PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SEBER TANS PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1555 W CROSSTOWN PARKWAY STE 304AddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49008ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391822359EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TEN TALENTS FOUNDATION LTDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTENTBusinessNameControlTxt
Phone2692172002PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12435 WAITE AVENUEAddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49008ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMUEL H CUPPSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2693828050PhoneNum
Signature2021-05-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMUELPersonFirstNm
Person LastCUPPSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSUSAN M VALENTINEPreparerPersonNm
PTINP01369471PTIN
Phone2693438180PhoneNum
Preparation2021-05-01PreparationDt
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$1,289,623FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$121,087ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$13,899DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,899DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,710NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$325,796GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,710CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$139,701TotalRevAndExpnssAmt
Total Net Invst Incm$18,614TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$360AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,440AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$527OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$527OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,327TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$360TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,967TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$42,327TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$360TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$41,967TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$97,374ExcessRevenueOverExpensesAmt
Net Investment Income$18,254NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$45,751SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$32,456SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$32,456SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$637,675CorporateStockBOYAmt
Corporate Stock EOY$748,344CorporateStockEOYAmt
Corporate Stock EOYFMV$1,257,167CorporateStockEOYFMVAmt
Total Assets BOY$683,426TotalAssetsBOYAmt
Total Assets EOY$780,800TotalAssetsEOYAmt
Total Assets EOYFMV$1,289,623TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$683,426RetainedEarningBOYAmt
Retained Earning EOY$780,800RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$683,426TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$780,800TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$683,426TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$780,800TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$683,426TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$97,374ExcessRevenueOverExpensesAmt
Subtotal$780,800SubtotalAmt
Tot Net Ast Or Fund Balances EOY$780,800TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$88,889$104,847-$15,958-$15,958
PUBLICLY TRADED SECURITIESP$230,081$216,239$13,842$13,842
FieldValueIRS element (for citing)
Capital Gain Net Income$4,710CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$254InvestmentIncomeExciseTaxAmt
Subtotal$254SubtotalAmt
Tax Based On Investment Income$254TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,826EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,826TotalPaymentsAndCreditsAmt
Overpayment$1,572OverpaymentAmt
Applied To ES Tax$1,572AppliedToESTaxAmt

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 StateWIOrgReportOrRegisterStateCd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
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 AddressWWW.TENTALENTSFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksSAMUEL H CUPPSIndividualWithBooksNm
Phone2693828050PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12435 WAITE AVENUEAddressLine1Txt
CityKALAMAZOOCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49008ZIPCd
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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ANDREW S CUPPS
1853 N HOWE STREETCHICAGOIL60614PRESIDENT0.25$0$0$0
STEVEN DONOGHUE
1415 PARKER 665DETROITMI48214VICE-PRES0.25$0$0$0
SAMUEL H CUPPS
2435 WAITE AVENUEKALAMAZOOMI49008TREASURER0.25$0$0$0
CAROLE D CUPPS
2435 WAITE AVENUEKALAMAZOOMI49008SECRETARY0.25$0$0$0
DANIELLE CUPPS
1853 N HOWE STREETCHICAGOIL60614DIRECTOR0.25$0$0$0
LAURA DONOGHUE
1415 PARKER 665DETROITMI48214DIRECTOR0.25$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$721,413AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$26,081AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$747,494TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$747,494AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,212CashDeemedCharitableAmt
Net Vl Noncharitable Assets$736,282NetVlNoncharitableAssetsAmt
Minimum Investment Return$36,814MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$36,814MinimumInvestmentReturnAmt
Tax Based On Investment Income$254TaxBasedOnInvestmentIncomeAmt
Total Tax$254TotalTaxAmt
Distributable Before Adj$36,560DistributableBeforeAdjAmt
Distributable Before Ded$36,560DistributableBeforeDedAmt
Distributable As Adjusted$36,560DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,967ExpensesAndContributionsAmt
Qualifying Distributions$41,967QualifyingDistributionsAmt
Adjusted Qualifying Distri$41,967AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,560DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,143ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,914ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$3,057TotalExcessDistributionCyovAmt
Qualifying Distributions$41,967QualifyingDistributionsAmt
Applied To Current Year$36,560AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,407RemainingDistriFromCorpusAmt
Total Corpus$8,464TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,143ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$7,321ExcessDistriCyovToNextYrAmt
Excess From Year4$1,914ExcessFromYear4Amt
Excess From Current Year$5,407ExcessFromCurrentYearAmt

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
METRO SQUASH
6100 S COTTAGE GROVE AVECHICAGOIL60637NONEPUBLICGENERAL SUPPORT$20,000
JUNIOR ACHIEVEMENT OF SW MICHIGAN
2775 W DICKMAN RDBATTLE CREEKMI49037NONEPUBLICGENERAL SUPPORT$5,000
KIPP FOUNDATION
135 MAIN ST STE 1700SAN FRANCISCOCA94105NONEPUBLICGENERAL SUPPORT$5,000
KIPP - CHICAGO
1945 S HALSTED STE 101CHICAGOIL60608NONEPUBLICGENERAL SUPPORT$5,000
MATH CIRCLES OF CHICAGO
1034 N WELLS STCHICAGOIL60610CHARITABLE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,899ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,710ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$18,614ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,614TotalIncomeProducingActyAmt

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 PersonANDREW DANIELLE CUPPSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11853 N HOWE STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60614ZIPCd
FieldValueIRS element (for citing)
Total Contributions$121,087TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmt
11000 SHARES OF ARKK$124,250
1400 SHARES OF QQQ$123,620

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,800Amt
Net Investment Income$360NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,440DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCK INVESTMENTSStockNm
EOY Book Value$748,344EOYBookValueAmt
EOYFMV$1,257,167EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
NATIONAL REGISTERED AGENTS-WI$467$467
STATE FILING FEES-MI$20$20
BANK FEES$40$40

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