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RUTH KERN FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
RUTH KERN FOUNDATION (EIN 27-2898229)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-07
IRS object ID
202141589349100869
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)
Return2021-06-07T15:21:47-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954440887PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Kramer Accountancy CorporationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1120 N Topanga Canyon Blvd Ste 111AddressLine1Txt
CityTopangaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90290ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN272898229EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUTH KERN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRUTHBusinessNameControlTxt
Phone2134893222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18225 CHAPIN LANEAddressLine1Txt
CitySUNLANDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91040ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL KENNEYPersonNm
Person TitleTrusteePersonTitleTxt
Signature2021-06-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANIELPersonFirstNm
Person LastKENNEYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRonald A Kramer CPAPreparerPersonNm
PTINP00000117PTIN
Phone3104559300PhoneNum

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$2,394,862FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$62,432DividendsRevAndExpnssAmt
Dividends Net Invst Incm$62,432DividendsNetInvstIncmAmt
Dividends Adj Net Incm$62,432DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$5,663NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$39,255GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,663CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$68,095TotalRevAndExpnssAmt
Total Net Invst Incm$68,095TotalNetInvstIncmAmt
Total Adj Net Incm$62,432TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$15,588CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$7,794CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$7,794CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$12,092LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$6,046LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$6,046LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$625AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$625AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$4,154TaxesRevAndExpnssAmt
Taxes Net Invst Incm$4,154TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,650OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$4,650OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$37,734TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,619TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$19,115TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$37,734TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,619TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,115TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$30,361ExcessRevenueOverExpensesAmt
Net Investment Income$49,476NetInvestmentIncomeAmt
Adjusted Net Income$62,432AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$761,090OtherInvestmentsBOYAmt
Other Investments EOY$791,451OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,394,862OtherInvestmentsEOYFMVAmt
Total Assets BOY$761,090TotalAssetsBOYAmt
Total Assets EOY$791,451TotalAssetsEOYAmt
Total Assets EOYFMV$2,394,862TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$761,090CapitalStockBOYAmt
Capital Stock EOY$791,451CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$761,090TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$791,451TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$761,090TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$791,451TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$761,090TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$30,361ExcessRevenueOverExpensesAmt
Subtotal$791,451SubtotalAmt
Tot Net Ast Or Fund Balances EOY$791,451TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1150 PUBLIC STORAGEP2013-09-202020-09-30$28,750$23,565$5,185$5,185
.283 VIATRIS INCP2011-09-212020-11-17$5$2$3$3
420 QWEST CORPP2014-06-162020-12-14$10,500$10,025$475$475
FieldValueIRS element (for citing)
Capital Gain Net Income$5,663CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$688InvestmentIncomeExciseTaxAmt
Subtotal$688SubtotalAmt
Tax Based On Investment Income$688TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$14EsPenaltyAmt
Tax Due$702TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 Line1DANIEL KENNEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2134893222PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18225 CHAPIN LANEAddressLine1Txt
CitySUNLANDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91040ZIPCd
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

FieldValueIRS element (for citing)
PersonDANIEL KENNEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1333 S HOPE ST STE 1000AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$15,588CompensationAmt
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$2,136,432AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,136,432TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,136,432AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,046CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,104,386NetVlNoncharitableAssetsAmt
Minimum Investment Return$105,219MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$105,219MinimumInvestmentReturnAmt
Tax Based On Investment Income$688TaxBasedOnInvestmentIncomeAmt
Total Tax$688TotalTaxAmt
Distributable Before Adj$104,531DistributableBeforeAdjAmt
Distributable Before Ded$104,531DistributableBeforeDedAmt
Distributable As Adjusted$104,531DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,115ExpensesAndContributionsAmt
Qualifying Distributions$19,115QualifyingDistributionsAmt
Adjusted Qualifying Distri$19,115AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$104,531DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$4,131ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,131TotalExcessDistributionCyovAmt
Qualifying Distributions$19,115QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$19,115AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$4,131ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,131ExcessDistributionCyovAppCYAmt
Undistributed Income CY$81,285UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$62,432RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,663RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$68,095RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$68,095TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$1,250Amt
Net Investment Income$625NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$625DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryHARRINGTON FOXX DUBROW & CANTERCategoryTxt
Legal Fees$12,092LegalFeesAmt
Net Investment Income$6,046NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,046DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISCELLANEOUS$23$23
TRUSTEE BOND$4,627$4,627

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAXES$4,144$4,144
STATE TAXES$10$10

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