WILLIAM A GREGORY JR FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WILLIAM A GREGORY JR FOUNDATION INC (EIN 59-3607455)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-08-13
IRS object ID
202522259349100237
Schema version
2023v6.0
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)
Return2025-08-13T16:22:30-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN994124805PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KELLY PARTNERSFRS ACCOUNTANTSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11301 66TH ST NAddressLine1Txt
CitySAINT PETERSBURGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP337105501ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593607455EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM A GREGORY JR FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILLBusinessNameControlTxt
Phone8137602792PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13225 S MACDILL AVE 129AddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP33629ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHEIDI B MCCREEPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8137602792PhoneNum
Signature2025-08-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL E HOROWITZPreparerPersonNm
PTINP01474269PTIN
Phone7273471120PhoneNum
Preparation2025-08-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,272,652FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$119InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$119InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$129,830DividendsRevAndExpnssAmt
Dividends Net Invst Incm$129,830DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$337,639NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,386,951GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$49,175CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$467,588TotalRevAndExpnssAmt
Total Net Invst Incm$179,124TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,300AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$64,667OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$64,667OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$5,302TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$460OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$72,729TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$64,667TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$177,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$177,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$249,729TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$64,667TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$177,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$217,859ExcessRevenueOverExpensesAmt
Net Investment Income$114,457NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$1CashBOYAmt
Sav And Temp Cash Invst BOY$114,183SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$56,508SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$56,508SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$5,065,693CorporateStockBOYAmt
Corporate Stock EOY$5,341,226CorporateStockEOYAmt
Corporate Stock EOYFMV$7,216,144CorporateStockEOYFMVAmt
Total Assets BOY$5,179,875TotalAssetsBOYAmt
Total Assets EOY$5,397,734TotalAssetsEOYAmt
Total Assets EOYFMV$7,272,652TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$5,179,875RetainedEarningBOYAmt
Retained Earning EOY$5,397,734RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,179,875TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,397,734TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,179,875TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,397,734TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,179,875TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$217,859ExcessRevenueOverExpensesAmt
Subtotal$5,397,734SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,397,734TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$49,175CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,591InvestmentIncomeExciseTaxAmt
Subtotal$1,591SubtotalAmt
Tax Based On Investment Income$1,591TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,880EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,880TotalPaymentsAndCreditsAmt
Overpayment$289OverpaymentAmt
Applied To ES Tax$289AppliedToESTaxAmt

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
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 BooksKAREN F MILLSIndividualWithBooksNm
Phone8137602792PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13225 S MACDILL AVENUEAddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP33629ZIPCd
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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12022UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HEIDI B MCCREE
3225 S MACDILL AVENUETAMPAFL33629DIRECTOR1.00$0$0$0
KAREN F MILLS
3225 S MACDILL AVENUETAMPAFL33629DIRECTOR1.00$0$0$0
HEIDI B MCCREE
3225 S MACDILL AVENUETAMPAFL33629DIRECTOR1.00$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$6,684,747AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$85,822AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,770,569TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$6,770,569AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$101,559CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,669,010NetVlNoncharitableAssetsAmt
Minimum Investment Return$333,451MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$333,451MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,591TaxBasedOnInvestmentIncomeAmt
Total Tax$1,591TotalTaxAmt
Distributable Before Adj$331,860DistributableBeforeAdjAmt
Distributable Before Ded$331,860DistributableBeforeDedAmt
Distributable As Adjusted$331,860DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$177,000ExpensesAndContributionsAmt
Qualifying Distributions$177,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$331,860DistributableAsAdjustedAmt
Undistributed Income PY$295,203UndistributedIncomePYAmt
Qualifying Distributions$177,000QualifyingDistributionsAmt
Applied To Year1$177,000AppliedToYear1Amt
Taxable2$118,203Taxable2Amt
Undistributed Income CY$331,860UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
KEEP TAMPA BAY BEAUTIFUL
PO BOX 2104TAMPAFL33601PROVIDE SUPPORT FOR ACTIVITIES$25,000
HILLSBOROUGH EDUCATION FOUNDATION
2306 N HOWARD AVETAMPAFL33607PROVIDE SUPPORT FOR ACTIVITIES$52,000
HCC FOUNDATION
39 COLUMBIA DRTAMPAFL33606PROVIDE SUPPORT FOR ACTIVITIES$50,000
UNIVERSITY OF SOUTH FLORIDA
4202 E FOWLER AVETAMPAFL33620PROVIDE SUPPORT FOR ACTIVITIES$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$177,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$119ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$129,830ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$337,639ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$467,588ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$467,588TotalIncomeProducingActyAmt

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

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,300Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
RJ 5962PURCHASE$238,269$181,746$56,523
US 8164PURCHASE$17,092$16,165$927
MS 7268PURCHASE$533,497$344,806$188,691
MS 9414PURCHASE$541,732$506,595$35,137
RJ 5936PURCHASE
MISC COST ADJPURCHASE$6,884$6,884
MISC COST ADJPURCHASE$302$302

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MORGAN STANLEY 9414$1,078,929$1,114,368
RAYMOND JAMES - 5962$2,167,654$2,153,406
US TRUST 8164$78,645$106,766
MORGAN STANLEY 7268$2,015,998$3,841,604

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OTHER - EXPENSE REIMBURSEMENT$460

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$64,667Amt
Net Investment Income$64,667NetInvestmentIncomeAmt

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationFLORIDA HURRICANE MILTON EM-3622-FLExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$5,302Amt

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