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RUTH KERN FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
RUTH KERN FOUNDATION (EIN 27-2898229)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-08-12
IRS object ID
202002259349100115
Schema version
2019v5.0
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)
Return2020-08-12T12:44:29-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-08-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRonald A Kramer CPAPreparerPersonNm
PTINP00000117PTIN
Phone3104559300PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,176,559FMVAssetsEOYAmt
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$65,284DividendsRevAndExpnssAmt
Dividends Net Invst Incm$65,284DividendsNetInvstIncmAmt
Dividends Adj Net Incm$65,284DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$34,797NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$153,977GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$34,797CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$100,081TotalRevAndExpnssAmt
Total Net Invst Incm$100,081TotalNetInvstIncmAmt
Total Adj Net Incm$65,284TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$14,648CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$7,324CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$7,324CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$12,918LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$6,459LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$6,459LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,037TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,037TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,540OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$2,540OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$33,643TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,320TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$18,823TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$133,643TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,320TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$118,823TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$33,562ExcessRevenueOverExpensesAmt
Net Investment Income$82,761NetInvestmentIncomeAmt
Adjusted Net Income$65,284AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$794,652OtherInvestmentsBOYAmt
Other Investments EOY$761,090OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,176,559OtherInvestmentsEOYFMVAmt
Total Assets BOY$794,652TotalAssetsBOYAmt
Total Assets EOY$761,090TotalAssetsEOYAmt
Total Assets EOYFMV$2,176,559TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$794,652CapitalStockBOYAmt
Capital Stock EOY$761,090CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$794,652TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$761,090TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$794,652TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$761,090TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$794,652TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$33,562ExcessRevenueOverExpensesAmt
Subtotal$761,090SubtotalAmt
Tot Net Ast Or Fund Balances EOY$761,090TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtAcquiredAcquiredDt
1150 STANLEY BLACK & DECKERP2019-12-13$28,750$28,369$381$381
85 HOME DEPOSTP2019-12-19$18,298$305$17,993$17,9931989-07-12
100 JOHNSON & JOHNSONP2019-12-17$14,126$771$13,355$13,3551987-06-26
2765 BUSINESS PARKS INCP2019-12-30$69,125$65,083$4,042$4,0422013-05-08
400 DOW DUPONTP2019-04-14$11,849$12,803-$954-$9542019-01-01
400 DOW DUPONTP2019-06-03$11,829$11,849-$20-$202019-01-01
FieldValueIRS element (for citing)
Capital Gain Net Income$34,797CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$593NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$108,635AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,923,676NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05647DistributionYr1Rt
Adjusted Qlfy Distri Yr2$107,256AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,815,130NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05909DistributionYr2Rt
Adjusted Qlfy Distri Yr3$92,686AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,635,363NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05668DistributionYr3Rt
Adjusted Qlfy Distri Yr4$93,241AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,641,888NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05679DistributionYr4Rt
Adjusted Qlfy Distri Yr5$58,265AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,588,228NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.03669DistributionYr5Rt
Total Distribution0.265714TotalDistributionRt
Average Distribution0.053143AverageDistributionRt
Net Vl Noncharitable Assets$2,047,265NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$108,798AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$828NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$109,626AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$118,823QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$828InvestmentIncomeExciseTaxAmt
Subtotal$828SubtotalAmt
Tax Based On Investment Income$828TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$31EsPenaltyAmt
Tax Due$859TaxDueAmt

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$0CompensationAmt
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$2,078,442AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,078,442TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,078,442AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,177CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,047,265NetVlNoncharitableAssetsAmt
Minimum Investment Return$102,363MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$102,363MinimumInvestmentReturnAmt
Tax Based On Investment Income$828TaxBasedOnInvestmentIncomeAmt
Total Tax$828TotalTaxAmt
Distributable Before Adj$101,535DistributableBeforeAdjAmt
Distributable Before Ded$101,535DistributableBeforeDedAmt
Distributable As Adjusted$101,535DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$118,823ExpensesAndContributionsAmt
Qualifying Distributions$118,823QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$828PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$117,995AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$101,535DistributableAsAdjustedAmt
Undistributed Income PY$13,157UndistributedIncomePYAmt
Qualifying Distributions$118,823QualifyingDistributionsAmt
Applied To Year1$13,157AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$101,535AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,131RemainingDistriFromCorpusAmt
Total Corpus$4,131TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$4,131ExcessDistriCyovToNextYrAmt
Excess From Current Year$4,131ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSAN DIEGO COUNTY CITIZENS SCHOLARSHRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7484AddressLine1Txt
CitySAN DIEGOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92167ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501c3RecipientFoundationStatusTxt
Grant Or Contribution PurposeScholarship GrantGrantOrContributionPurposeTxt
Amt$100,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$65,284RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34,797RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$100,081RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$100,081TotalIncomeProducingActyAmt

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$2,500Amt
Net Investment Income$2,500NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,500DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryHARRINGTON FOXX DUBROW & CANTERCategoryTxt
Legal Fees$12,918LegalFeesAmt
Net Investment Income$6,459NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,459DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISCELLANEOUS$26$26
TRUSTEE BOND$2,514$2,514

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAXES$1,002$1,002
STATE TAXES$35$35

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