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KAREN AND JASON SUSSMAN FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
KAREN AND JASON SUSSMAN FAMILY FOUNDATION (EIN 27-3586426)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-03
IRS object ID
202141239349100424
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-03T09:35:13-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19500 Bryn Mawr Ave Suite 300AddressLine1Txt
CityRosemontCityNm
State AbbreviationILStateAbbreviationCd
ZIP60018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273586426EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Karen and Jason Sussman Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JASON SUSSMANInCareOfNm
Business Name ControlKAREBusinessNameControlTxt
Phone8479248669PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14485 Normandy CourtAddressLine1Txt
CityLong GroveCityNm
State AbbreviationILStateAbbreviationCd
ZIP60047ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJASON SUSSMAN TREASURERPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8479248669PhoneNum
Signature2021-05-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJASON SUSSMANPersonFirstNm
Person LastTREASURERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael J DeanPreparerPersonNm
PTINP00540379PTIN
Phone8476762000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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$749,477FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$137,660ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,575DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,575DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$33,204NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$33,204GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$33,204CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$182,449TotalRevAndExpnssAmt
Total Net Invst Incm$44,789TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$90LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$45LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$45LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,700AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$850AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$850AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$495TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$175OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$175OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,460TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$895TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,070TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$70,121ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$70,121ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$72,581TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$895TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$71,191TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$109,868ExcessRevenueOverExpensesAmt
Net Investment Income$43,894NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$52,192CashBOYAmt
Cash EOY$36,413CashEOYAmt
Cash EOYFMV$36,413CashEOYFMVAmt
Corporate Stock BOY$70,768CorporateStockBOYAmt
Corporate Stock EOY$70,768CorporateStockEOYAmt
Corporate Stock EOYFMV$155,718CorporateStockEOYFMVAmt
Other Investments BOY$112,496OtherInvestmentsBOYAmt
Other Investments EOY$238,143OtherInvestmentsEOYAmt
Other Investments EOYFMV$557,346OtherInvestmentsEOYFMVAmt
Total Assets BOY$235,456TotalAssetsBOYAmt
Total Assets EOY$345,324TotalAssetsEOYAmt
Total Assets EOYFMV$749,477TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$235,456RetainedEarningBOYAmt
Retained Earning EOY$345,324RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$235,456TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$345,324TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$235,456TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$345,324TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$235,456TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$109,868ExcessRevenueOverExpensesAmt
Subtotal$345,324SubtotalAmt
Tot Net Ast Or Fund Balances EOY$345,324TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
566.3800 SHS LORD ABBET GROWTHLEADERS FUND CL AP2014-01-312020-12-08$25,000$12,013$12,987$12,987
CAPITAL GAIN DIVIDENDSP$20,217
FieldValueIRS element (for citing)
Capital Gain Net Income$33,204CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$610InvestmentIncomeExciseTaxAmt
Subtotal$610SubtotalAmt
Tax Based On Investment Income$610TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$9EsPenaltyAmt
Tax Due$619TaxDueAmt

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 StateILOrgReportOrRegisterStateCd
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 Line1JASON SUSSMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8479248669PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14485 NORMANDY COURTAddressLine1Txt
CityLong GroveCityNm
State AbbreviationILStateAbbreviationCd
ZIP60047ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Karen Sussman
4485 Normandy CourtLong GroveIL60047President0.5$0$0$0
Jason Sussman
4485 Normandy CourtLong GroveIL60047Vice President, Treasurer0.5$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$418,536AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$41,622AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$460,158TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$460,158AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,902CashDeemedCharitableAmt
Net Vl Noncharitable Assets$453,256NetVlNoncharitableAssetsAmt
Minimum Investment Return$22,663MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$22,663MinimumInvestmentReturnAmt
Tax Based On Investment Income$610TaxBasedOnInvestmentIncomeAmt
Total Tax$610TotalTaxAmt
Distributable Before Adj$22,053DistributableBeforeAdjAmt
Distributable Before Ded$22,053DistributableBeforeDedAmt
Distributable As Adjusted$22,053DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$71,191ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$71,191QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$71,191AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$22,053DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$41,259ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$44,918ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$59,706ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$61,735ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$48,438ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$256,056TotalExcessDistributionCyovAmt
Qualifying Distributions$71,191QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$22,053AppliedToCurrentYearAmt
Remaining Distri From Corpus$49,138RemainingDistriFromCorpusAmt
Total Corpus$305,194TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$41,259ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$263,935ExcessDistriCyovToNextYrAmt
Excess From Year4$44,918ExcessFromYear4Amt
Excess From Year3$59,706ExcessFromYear3Amt
Excess From Year2$61,735ExcessFromYear2Amt
Excess From Year1$48,438ExcessFromYear1Amt
Excess From Current Year$49,138ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKAREN JASON SUSSMANContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonKAREN JASON SUSSMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14485 NORMANDY COURTAddressLine1Txt
CityLONG GOVECityNm
State AbbreviationILStateAbbreviationCd
ZIP60047ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8479248669RecipientPhoneNum
Form And Info And MaterialsNoneFormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsNoneRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
United States Holocaust Memorial Museum
100 Raoul Wallenberg Place SWWashingtonDC200242126NonePCTo enhance the purpose of the organization$500
St Jude Children's Research Hospital
501 St Jude PlaceMemphisTN38105NonePCTo enhance the purpose of the organization$6,000
North Shore University Health System
777 Park Avenue WestHighland ParkIL60035NonePCTo enhance the purpose of the organization$1,900Suite 1264
Pan-Mass Challenge
77 Fourth AvenueNeedhamMA02494NonePCTo enhance the purpose of the organization$256
Am Yisrael
4 Happ RoadNorthfieldIL60093NonePCTo enhance the purpose of the organization$31,900
Advocate Charitable Foundation
3075 Highland PkwyDowners GorveIL60515NonePCTo enhance the purpose of the organization$500600
Breast Cancer Research Foundation
28 West 44th StreetNew YorkNY10036NonePCTo enhance the purpose of the organization$500Suite 609
Cancer Wellness Center
215 Revere DriveNorthbrookIL60062NonePCTo enhance the purpose of the organization$1,000
Hazelden Betty Ford Foundation
PO Box 11Center CityMN55012NonePCTo enhance the purpose of the organization$1,500OS 3
Jewish United Fund of Metropolitan Chicago
Ben Gurlon WayChicagoIL606065056NonePCTo enhance the purpose of the organization$12,50030 South Wells Street
Living Beyond Breast Cancer
40 Monument RoadBala CynwydPA19004NonePCTo enhance the purpose of the organization$50Suite 104
American Friends of Magen David Adom
20 W 36th StreetNew YorkNY10018NonePCTo enhance the purpose of the organization$100Suite 180
Southern Poverty Law Center
400 Washington AvenueMontgomeryAL361022390NonePCTo enhance the purpose of the organization$500PO Box 2390
The ARK
6450 N California AvenueChicagoIL60645NonePCTo enhance the purpose of the organization$1,800
Chicago Public Media Inc (WBEZ)
848 East Grand AveChicagoIL606113509NonePCTo enhance the purpose of the organization$365
Sinai Hospital
2401 West Belvedere AvenueBaltimoreMD21215NonePCTo enhance the purpose of the organization$1,000
American Cancer Society
250 Wiliams Street NWAtlantaGA30303NonePCTo enhance the purpose of the organization$8,200
Cancer Research Institute
29 BroadwayNew YorkNY10006NonePCTo enhance the purpose of the organization$200Floor 4
Childcare Network Of Evanston
1335 Dodge AveEvanstonIL60201NonePCTo enhance the purpose of the organization$100
Colonial Wiliamsburg
101 Visitor Center DrWilliamsburgVA23185NonePCTo enhance the purpose of the organization$750
Cistyc Fibrosis Foundation
150 N Michigan AveChicagoIL60601To enhance the purpose of the organization$200Ste 1550
Lincoln Park Zoo
2001 N Clark StChicagoIL60614To enhance the purpose of the organization$100
Northfield Twship Food Pantry
2550 Waukegan RdGlenviewIL60025To enhance the purpose of the organization$100
Northwestern Mem Foundation
541 North Fairbanks CourtChicagoIL60611To enhance the purpose of the organization$100Suite 800
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$70,121TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,575ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$33,204ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$44,789ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44,789TotalIncomeProducingActyAmt

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 PersonKAREN AND JASON SUSSMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14485 NORMANDY COURTAddressLine1Txt
CityLONG GROVECityNm
State AbbreviationILStateAbbreviationCd
ZIP60047ZIPCd
FieldValueIRS element (for citing)
Total Contributions$137,660TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2,996 shares of ARK Innovation ETFNoncashPropertyDesc
Fair Market Value$250,000FairMarketValueAmt
Received2020-08-10ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,700Amt
Net Investment Income$850NetInvestmentIncomeAmt
Disbursements Charitable Prps$850DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
28 SHS - AMAZON.COM INC$14,118$91,194
5,000 SHS - SP500 CLIRN ISSUER$56,650$64,524

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
3,109 SHS - COLUMBIA SELIGMANAT COST$73,639$126,598
1,265 SHS - LORD ABBETT GROWTHAT COST$26,844$57,776
2,996 SHS - ARK INNOVATION ETFAT COST$137,660$372,972

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$90LegalFeesAmt
Net Investment Income$45NetInvestmentIncomeAmt
Disbursements Charitable Prps$45DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE REGISTRATION FEES$25$0$0$25
BANK FEES$150$0$0$150

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$495Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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