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JAMES H FRANK FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
JAMES H FRANK FOUNDATION (EIN 33-1185058)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-02
IRS object ID
202123069349101427
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)
Return2021-11-02T11:32:54-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN474728406PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cohen Bender & Golden LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112400 Wilshire Blvd Ste 1250AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90025ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331185058EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES H FRANK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone3104509178PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12678 34TH STREETAddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES H FRANKPersonNm
Person Titlepresident & CFOPersonTitleTxt
Signature2021-11-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMES HPersonFirstNm
Person LastFRANKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT L GOLDEN CPAPreparerPersonNm
PTINP00227738PTIN
Phone3108201232PhoneNum

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$185,853FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$10,464ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$31InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$31InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,903DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,903DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$43,782NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$64,278GrossSalesPriceAmt
Total Rev And Expnss-$28,384TotalRevAndExpnssAmt
Total Net Invst Incm$4,934TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$241TaxesRevAndExpnssAmt
Taxes Net Invst Incm$103TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$932OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$819OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,673TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$922TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,385ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,385ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,058TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$922TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,385TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$37,442ExcessRevenueOverExpensesAmt
Net Investment Income$4,012NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$92,079SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$26,818SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$26,818SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$89,356CorporateStockBOYAmt
Corporate Stock EOY$40,264CorporateStockEOYAmt
Corporate Stock EOYFMV$39,328CorporateStockEOYFMVAmt
Other Investments BOY$48,582OtherInvestmentsBOYAmt
Other Investments EOY$125,649OtherInvestmentsEOYAmt
Other Investments EOYFMV$119,707OtherInvestmentsEOYFMVAmt
Other Assets BOY$155OtherAssetsBOYAmt
Total Assets BOY$230,172TotalAssetsBOYAmt
Total Assets EOY$192,731TotalAssetsEOYAmt
Total Assets EOYFMV$185,853TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$230,172RetainedEarningBOYAmt
Retained Earning EOY$192,731RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$230,172TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$192,731TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$230,172TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$192,731TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$230,172TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$37,442ExcessRevenueOverExpensesAmt
Other Increases$1OtherIncreasesAmt
Subtotal$192,731SubtotalAmt
Tot Net Ast Or Fund Balances EOY$192,731TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1250 BLACKROCK MULTI SECTORP2013-02-252020-02-06$20,768$24,796-$4,028-$4,028
1000 CAPITAL FIN CORPP2015-04-082020-02-06$8,904$18,282-$9,378-$9,378
600 DOUBLELINE INCOME SOLUTIONSP2013-04-252020-02-06$12,473$14,986-$2,513-$2,513
1000 HI-CRUSH INC MLPP2017-03-092020-02-06$772$12,218-$11,446-$11,446
1000 LEGRAND S A UNSPONSORED ADRP2018-06-062020-02-06$16,020$15,325$695$695
200 OVINTIV INCP2018-01-092020-02-06$3,395$13,693-$10,298-$10,298
142 CAPITAL PRODUCT PARTNERS LPP2014-09-032020-02-06$1,751$8,760-$7,009-$7,009
Capital Gain Dividends$195
FieldValueIRS element (for citing)
Capital Gain Net Income-$43,782CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$56InvestmentIncomeExciseTaxAmt
Subtotal$56SubtotalAmt
Tax Based On Investment Income$56TaxBasedOnInvestmentIncomeAmt
Tax Due$56TaxDueAmt

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 Line1COHEN BENDER & GOLDEN LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3108201232PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112400 WILSHIRE BLVD STE 1250AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90025ZIPCd
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
JAMES H FRANK
2678 34TH STREETSANTA MONICACA90405president & CFO5.00$0
ROBERT MARCUS
7218 ELMSBURY LANEWEST HILLSCA91307SECRETARY & DIR1.00$0
SAMUEL BLASER
406 S LEMON AVENUE 6WALNUTCA91789Director1.00$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$131,323AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$39,124AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$170,447TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$170,447AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,557CashDeemedCharitableAmt
Net Vl Noncharitable Assets$167,890NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,395MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,395MinimumInvestmentReturnAmt
Tax Based On Investment Income$56TaxBasedOnInvestmentIncomeAmt
Total Tax$56TotalTaxAmt
Distributable Before Adj$8,339DistributableBeforeAdjAmt
Distributable Before Ded$8,339DistributableBeforeDedAmt
Distributable As Adjusted$8,339DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,385ExpensesAndContributionsAmt
Qualifying Distributions$5,385QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,385AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,339DistributableAsAdjustedAmt
Undistributed Income PY$5,377UndistributedIncomePYAmt
Qualifying Distributions$5,385QualifyingDistributionsAmt
Applied To Year1$5,377AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8AppliedToCurrentYearAmt
Undistributed Income CY$8,331UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
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
petersen auto museum
6060 WILSHIRE BLVDLOS ANGELESCA90036UNRELATEDPCCHARITABLE$2,700
CHP 11-99 FOUNDATION
2244 N STATE COLLEGE BLVDFULLERTONCA92831UNRELATEDPCCHARITABLE$500
SCLERODERMA RESEARCH FOUNDATION
11704 WILSHIRE BLVDLOS ANGELESCA90025UNRELATEDPCCHARITABLE$100
AMIT CHILDREN
1122 S ROBERTSON BLVD 9LOS ANGELESCA90035UNRELATEDPCCHARITABLE$100
CEDARS SINAI
8700 BEVERLY BLVD STE 2416LOS ANGELESCA90048UNRELATEDPCCHARITABLE$635
HUNTINGTON'S DISEASE SOCIETY OF AME
505 EIGTH AVENUE SUITE 902NEW YORKNY10018UNRELATEDPCCHARITABLE$1,250
OPERATION GRATITUDE INC
P O BOX 260257ENCINOCA91426UNRELATEDPCCHARITABLE$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,385TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$31ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,903ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$43,782ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$38,848ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$38,848TotalIncomeProducingActyAmt

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 PersonJAMES H FRANKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12678 34TH STREETAddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90405ZIPCd
FieldValueIRS element (for citing)
Total Contributions$10,464TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property150 SHARES OF RAYTHEON TECHNOLOGIES CORPNoncashPropertyDesc
Fair Market Value$10,464FairMarketValueAmt
Received2020-11-20ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1000 CAPITALA FIN CORP
1000 HI-CRUSH PARNTERS LP MLP
1000 ENCANA CORP
1000 LEGRAND SA
200 UNTD TECHNOLOGIES CORP
200 CARRIER GLOBAL CORP$5,571$7,544
100 OTIS WORLDWIDE CORP$7,790$6,755
350 RAYTHEON TECHNOLOGIES CORP$26,903$25,029

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
400 VANGUARD INTLAT COST$25,068$24,312
1250 blackrock multi sector incomeAT COST
1000 CAPITAL PROD PARTNERS LP UNITSAT COST
600 DOUBLELINE INCOME SOLUTIONS FDAT COST
700 ISHARE COREAT COST$67,490$61,369
150 WISDOMTREE EMERGING MARKETSAT COST$6,526$6,171
300 VANGUARD INTER TERM BONDAT COST$26,565$27,855

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
MANAGEMENT FEES$819$819
OFFICE SUPPLIES$113

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNON-DIVIDEND DISTRIBUTIONDesc
Amt$1Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
federal EXCISE TAX$86
FOREIGN TAX$103$103
STATE TAX$52

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