JAMES N COST FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- JAMES N COST FOUNDATION (EIN 94-3270447)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-13
- IRS object ID
- 202131339349102043
- 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
- Form 990-PF
- Dissolution Stmt
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-13T14:04:11-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411411978 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LATHROP GPM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 S 8th Street 500 IDS Center | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943270447 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The James N Cost Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JAME | BusinessNameControlTxt |
| Phone | 5055773558 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2511 Alamosa Drive | AddressLine1Txt |
| City | Santa Fe | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87505 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Amy L Cost | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 5055773558 | PhoneNum |
| Signature | 2021-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Amy | PersonFirstNm |
| Person Last | Cost | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Julie A Frommelt | PreparerPersonNm |
| PTIN | P01355102 | PTIN |
| Phone | 6126323000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $418,330 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $8 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $8 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $12,523 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $12,523 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $35,798 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $60,503 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $35,798 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $48,329 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $48,329 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,282 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,282 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $369 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $369 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $27 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $27 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,678 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,678 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $274,435 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $19,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $278,113 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $23,178 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$229,784 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $48,329 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | -$668 | CashBOYAmt |
| Cash EOY | -$5,328 | CashEOYAmt |
| Cash EOYFMV | -$5,330 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $62,369 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $52,126 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $52,126 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $392,751 | CorporateStockBOYAmt |
| Corporate Stock EOY | $149,111 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $352,655 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $14,234 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,693 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $18,879 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $468,686 | TotalAssetsBOYAmt |
| Total Assets EOY | $201,602 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $418,330 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $49,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $11,700 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $49,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,700 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $419,686 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $189,902 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $419,686 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $189,902 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $468,686 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $201,602 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $419,686 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$229,784 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $189,902 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $189,902 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 40 Adobe Sys Inc. | P | 2020-02-07 | $14,669 | $174 | $14,495 | $14,495 |
| 10 Adobe Sys In. | P | 2020-06-18 | $4,181 | $44 | $4,137 | $4,137 |
| 151 Bank of New York Co New | P | 2020-06-05 | $6,337 | $4,080 | $2,257 | $2,257 |
| 40 Boston PPTYs | P | 2020-04-27 | $3,750 | $1,326 | $2,424 | $2,424 |
| 244 BP PLC ADR | P | 2020-02-07 | $8,880 | $6,500 | $2,380 | $2,380 |
| 160 Kennametal Inc. | P | 2020-04-14 | $3,630 | $4,128 | -$498 | -$498 |
| 12 Markel Corp | P | 2020-04-14 | $11,530 | $2,299 | $9,231 | $9,231 |
| 20 Microsoft Corp | P | 2020-06-18 | $3,913 | $331 | $3,582 | $3,582 |
| 200 Suncor Energy Inc. | P | 2020-06-18 | $3,599 | $5,823 | -$2,224 | -$2,224 |
| Viatria/Pfizer spin off cash in lieu | P | 2020-11-16 | $14 | $14 | $14 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $35,798 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $672 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $672 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $672 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $7 | EsPenaltyAmt |
| Tax Due | $679 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Amy L Cost | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5055773558 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2511 Alamosa Drive | AddressLine1Txt |
| City | Santa Fe | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87505 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Amy L Cost | ||||||||
| 2511 Alamosa Drive | Santa Fe | NM | 87505 | Trustee | 1.00 | $0 | $0 | $0 |
| James A Cost | ||||||||
| 27 Blue Jay Drive | Santa Fe | NM | 87506 | Trustee | 0.25 | $0 | $0 | $0 |
| Heidi Cost | ||||||||
| 27 Blue Jay Drive | Santa Fe | NM | 87506 | Trustee | 0.25 | $0 | $0 | $0 |
| Holly Cost | ||||||||
| 287 Fair Oaks | San Francisco | CA | 94114 | Trustee | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $390,530 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $43,339 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $433,869 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $433,869 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,508 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $427,361 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $21,368 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $21,368 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $672 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $672 | TotalTaxAmt |
| Distributable Before Adj | $20,696 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $20,696 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $20,696 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $23,178 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $23,178 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $23,178 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $20,696 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $4,624 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $4,048 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,772 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,906 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $5,593 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $21,943 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $23,178 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $20,696 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,482 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $24,425 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $4,624 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $19,801 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $4,048 | ExcessFromYear4Amt |
| Excess From Year3 | $2,772 | ExcessFromYear3Amt |
| Excess From Year2 | $4,906 | ExcessFromYear2Amt |
| Excess From Year1 | $5,593 | ExcessFromYear1Amt |
| Excess From Current Year | $2,482 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| The Food Depot | |||||||
| 1222 A Siler Road | Santa Fe | NM | 87507 | Public | General Operating | $2,000 | |
| United Way of Santa Fe County | |||||||
| 440 Cerrillos Raod Suite A | Santa Fe | NM | 87501 | Public | General Operating | $1,900 | |
| La Familia Medical Center | |||||||
| 1035 Alto Street | Santa Fe | NM | 87501 | Public | General Operating | $1,900 | |
| Santa Fe Solace Crisis Treatment Center | |||||||
| 6901 Valentine Way | Santa Fe | NM | 87507 | Public | General Operating | $2,000 | |
| Youth Shelters and Family Services | |||||||
| PO Box 2879 | Santa Fe | NM | 87502 | Public | General OperatingGeneral Operating | $1,900 | |
| Transgender Resource Center of New Mexico | |||||||
| PO Box 80872 | Albuquerque | NM | 87198 | Public | General Operating | $500 | |
| Vallecitos Mountain Retreat Center | |||||||
| PO Box 4051 | Dugangeo | CA | 81302 | Public | General Operating | $3,400 | |
| Access Reproductive Justice | |||||||
| PO Box 3609 | Oakland | CA | 94609 | Public | General Operating | $2,000 | |
| Hekab Be Biblioteca | |||||||
| 306 St Andrew Road | Newport Beach | CA | 92663 | Public | General Operating | $2,000 | |
| Heluna Health SisterWeb | |||||||
| 13300 Crossroads Pkwy North Suite | City of Industry | CA | 91746 | Public | General Operating | $1,900 | 450 |
| Expenditure responsibilty grant to The Charles Piper Cost Foundation | |||||||
| 2950 Avalon Avenue | Berkeley | CA | 94705 | Private Foundation | See Part VII-B, 5c (Reported here at Cost Basis Value) | $254,935 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $274,435 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $12,523 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $35,798 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $48,329 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $48,329 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Charles Piper Cost Foundation (EIN 41-1635764) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2950 Avalon Avenue | AddressLine1Txt |
| City | Berkeley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | The following publicly traded securities and $8555.24 cash were distributed and valued on 1/8/20 (PDF ATTACHMENTS ALSO MORE FULLY DESCRIBE VALUATION (COST BASIS AND FAIR MARKET VALUES)): 120 Adobe Sys; 140 Apollo Investment; 236 AT&T; 226 Bank of New York; 180 Becton Dickinson; 12 Blackrock Inc.; 60 Boston PPTYs; 366 BP PLC ADR; 300 Bristol-Myers Squibb; 1200 CHS Inc. 8%; 180 Cisco Systems; 240Cohen & Steers REIT; 300 Cohen & Steers Infrast; 336 ConocoPhillips; 240 Dominion Res Inc; 100 Duke Energy; 360 E O G Resources Inc.; 240 JP Morgan Chase; 240Kayne Anderson; 240 Kennametal; 120 Kimberly Clark; 480 Kinder Morgan Holdco; 360 Leggett & Platt; 18 Markel Corp Hldg; 120 Medtronic PLC; 240 Microsoft Corp; 90 Paychex; 240 Pfizer; 168 Phillips 66; 234 Procter & Gamble; 120 Schlumberger Ltd; 240 Target Corp; 240 Texas Instruments; 92 Verizon; 114 Vodafone Group; 30 3M Company; 120 Alexandria Real Est Eqty REIT; 120 Ishares S&P US Pfd Fund | ShortExplanationTxt |
| Dissolution | $635,546 | DissolutionAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Charles Piper Cost Foundation (EIN 41-1635764) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2950 Avalon Avenue | AddressLine1Txt |
| City | Berkeley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2020-01-08 | GrantDt |
| Grant | $635,546 | GrantAmt |
| Purpose Of Grant | The purpose of the grant is to further religious, charitable, scientific, literary, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The grant was made to achieve the transition of philanthropic leadership to the next generation of the Cost family by equitably dividing the assets of the James N. Cost Foundation as between that foundation and the Charles Piper Cost Foundation, with each such foundation to be led by a separate branch of the Cost family. | PurposeOfGrantTxt |
| Expended By Grantee | $31,920 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | No diversion to best of Foundation's knowledge after review of the reports. | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 12/29/2020 | DatesOfReportsByGranteeTxt |
| Verification | 2020-12-29 | VerificationDt |
| Results Of Verification | To the best of the Foundation's knowledge after review of the reports, no portion of the granted funds has been diverted from the purpose of the grant as set forth above. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (34 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 100 Abbvie Inc. | $9,260 | $10,715 |
| 30 Adobe Sys Inc | $131 | $15,004 |
| 93 Apollo Investment Co | $5,424 | $988 |
| 158 AT&T Inc New | $1,410 | $4,544 |
| 120 Becton Dickinson Co | $2,938 | $30,026 |
| 8 Blackrock Inc. | $4,308 | $5,772 |
| 200 Bristol-Myers Squibb Co. | $4,932 | $12,406 |
| 800 CHS Inc. 8% pfd | $20,607 | $23,920 |
| 120 Cisco Systems Inc. | $2,244 | $5,370 |
| 160 Cohen & Steers REIT | $1,279 | $3,653 |
| 200 Cohen & Steers Infrast | $2,318 | $5,164 |
| 224 Conoco Phillips | $5,007 | $8,958 |
| 160 Dominion Res Inc. VA New | $6,469 | $12,032 |
| 66 Duke Energy Corp New | $3,157 | $6,043 |
| 240 EOG Resources Inc. | $2,047 | $11,969 |
| 160 JP Morgan Chase & Co. | $5,638 | $20,331 |
| 160 Kayne Anderson MLP | $2,420 | $920 |
| 80 Kimberly Clark Corp | $3,801 | $10,786 |
| 320 Kinder Morgan Holdco LLC | $10,666 | $4,374 |
| 240 Leggett & Platt Inc. | $5,148 | $10,632 |
| 80 Medtronic PLC | $6,156 | $9,371 |
| 140 Microsoft Corp | $2,314 | $31,139 |
| 60 Paychex Inc. | $3,789 | $5,591 |
| 160 Pfizer Inc. | $55 | $5,890 |
| 112 Phillips 66 | $1,488 | $7,833 |
| 156 Procter & Gamble | $5,882 | $21,706 |
| 80 Schlumberget Ltd | $2,530 | $1,746 |
| 160 Target Corp | $9,320 | $28,245 |
| 160 Texas Instruments Inc. | $4,310 | $26,261 |
| 37 Verizon | $1,778 | $2,174 |
| 19 Viatris Inc. | $3 | $356 |
| 76 Vodafone Group New | $4,354 | $1,252 |
| 100 Walgreen Boots Alli | $3,820 | $3,988 |
| 20 3M Company | $4,108 | $3,496 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 80 Alexandria Real Est Eqty REIT | AT COST | $3,410 | $14,258 |
| 120 IShares S&P Us Pfd Fund | AT COST | $2,283 | $4,621 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | On January 8, 2020, the James N. Cost Foundation transferred more than 25% of the fair market value of its net assets to the Charles Piper Cost Foundation (EIN 41-1635764), a private foundation. SEE ADDITIONAL INFORMATION ATTACHED AS PDF. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Lathrop GPM LLP | CategoryTxt |
| Legal Fees | $3,282 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,282 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| State of Minnesota Charities Division Filing Fee | $25 | $0 | $25 |
| ADR Pass Through Fees | $2 | $0 | $2 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Outstanding Checks | Desc |
| BOY Book Value | $49,000 | BOYBookValueAmt |
| EOY Book Value | $11,700 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Excise Tax - 2019 990-PF | CategoryTxt |
| Amt | $369 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $369 | DisbursementsCharitablePrpsAmt |
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