MCKARNS FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MCKARNS FAMILY FOUNDATION (EIN 34-1664641)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-05-23
IRS object ID
202011449349100401
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)
Return2020-05-23T05:06:55-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341380250PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Herrens Tax Service LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112837 Cenfield St NEAddressLine1Txt
CityAllianceCityNm
State AbbreviationOHStateAbbreviationCd
ZIP446019414ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341664641EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MCKARNS FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2TR DTD 12311990BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMCKABusinessNameControlTxt
Phone3302232180PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line129950 CAMPBELL RDAddressLine1Txt
CityHANOVERTONCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44423ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM T MCKARNSPersonNm
Person TitleCO-TRUSTEEPersonTitleTxt
Signature2020-05-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCarolyn J GabricPreparerPersonNm
PTINP00104093PTIN
Phone3308755701PhoneNum
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$0FMVAssetsEOYAmt
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$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$905DividendsRevAndExpnssAmt
Dividends Net Invst Incm$905DividendsNetInvstIncmAmt
Dividends Adj Net Incm$905DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$4,531NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$6,123GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,531CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,446TotalRevAndExpnssAmt
Total Net Invst Incm$5,446TotalNetInvstIncmAmt
Total Adj Net Incm$915TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$425AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$170AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$255AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$12TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$7TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$30OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$487TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$195TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$292TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,550ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,550ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,037TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$195TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,842TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$591ExcessRevenueOverExpensesAmt
Net Investment Income$5,251NetInvestmentIncomeAmt
Adjusted Net Income$915AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,975SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,192SavAndTempCashInvstEOYAmt
Corporate Stock BOY$12,401CorporateStockBOYAmt
Corporate Stock EOY$11,593CorporateStockEOYAmt
Total Assets BOY$14,376TotalAssetsBOYAmt
Total Assets EOY$13,785TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$5,022CapitalStockBOYAmt
Capital Stock EOY$5,022CapitalStockEOYAmt
Additional Paid In Capital BOY$5,014AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$5,014AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$4,340RetainedEarningBOYAmt
Retained Earning EOY$3,749RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$14,376TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$13,785TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$14,376TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$13,785TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$14,376TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$591ExcessRevenueOverExpensesAmt
Subtotal$13,785SubtotalAmt
Tot Net Ast Or Fund Balances EOY$13,785TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
DODGE & COX CGDP2010-01-012019-12-31$576$576$576
50 WALT DISNEY CO.P1998-12-082019-04-01$5,547$3,955$3,955$1,592
FieldValueIRS element (for citing)
Capital Gain Net Income$4,531CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$4,590AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$16,444AdjustedQlfyDistriYr2Amt
Adjusted Qlfy Distri Yr3$5,399AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$5,444AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$16,524AdjustedQlfyDistriYr5Amt
Net Investment Income Pct$53NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$53AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$5,842QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$53InvestmentIncomeExciseTaxAmt
Subtotal$53SubtotalAmt
Tax Based On Investment Income$53TaxBasedOnInvestmentIncomeAmt
Tax Due$53TaxDueAmt

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
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 Line1WILLIAM T MCKARNSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3302232180PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line129950 CAMPBELL RDAddressLine1Txt
CityHANOVERTONCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44423ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
WILLIAM T MCKARNS
29950 CAMPBELL RDHANOVERTONOH44423CO-TRUSTEE0.25$0
PAULINE M MCKARNS
29950 CAMPBELL RDHANOVERTONOH44423CO-TRUSTEE0.25$0
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$53TaxBasedOnInvestmentIncomeAmt
Total Tax$53TotalTaxAmt
Distributable Before Adj$53DistributableBeforeAdjAmt
Distributable Before Ded$53DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,842ExpensesAndContributionsAmt
Qualifying Distributions$5,842QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$53PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$5,789AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$13,354ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,506ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,448ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$16,571ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,602ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$45,481TotalExcessDistributionCyovAmt
Qualifying Distributions$5,842QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$5,842RemainingDistriFromCorpusAmt
Total Corpus$51,323TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$13,354ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$37,969ExcessDistriCyovToNextYrAmt
Excess From Year4$5,506ExcessFromYear4Amt
Excess From Year3$5,448ExcessFromYear3Amt
Excess From Year2$16,571ExcessFromYear2Amt
Excess From Year1$4,602ExcessFromYear1Amt
Excess From Current Year$5,842ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ST JOHNS CHURCH
PO BOX 309HANOVERTONOH44423N/APCRELIGIOUS ACTIVITIES$4,350
BISHOPS APPEAL DIOCESE OF YOUNGSTOWN
PO BOX 1195YOUNGSTOWNOH44501N/APCRELIGIOUS ACTIVITIES$1,000
ST JOHNS LUTHERAN CHURCH
16495 LISBON STMINERVAOH44654N/APCRELIGIOUS$100
HOSPICE OF THE VALLEY
9803 SHAROTT RDYOUNGSTOWNOH44514N/APCMEDICAL RESEARCH$50
SALEM ROTARY FOUNDATION
PO BOX 1244SALEMOH44460N/APCPHILANTHROPIC$50
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,550TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$905RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,531RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,446RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,446TotalIncomeProducingActyAmt

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)
CategoryTax Preparation Fee Form 990CategoryTxt
Amt$425Amt
Net Investment Income$170NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$255DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
General Explanation Supplemental Information for Form 990-PFPUBLIC NOTICE:Run notice in your local newspaper: PUBLIC NOTICE The Annual Report of TheMcKarns Family Foundation isavailable at its principleoffice for inspection duringregular business hours by anycitizen who requests it within180 days after the date ofthis notice. The address ofThe McKarns Family Foundationis 29950 Campbell Road, Han-overton, OH 44423, and itsmanager to contact is Mr.William McKarns, telephonenumber (330) 223-2180. Datedthis ________ The McKarns Fam-ily Foundation.Published in______________________________Date _________________________.
General Explanation Supplemental Information for Form 990-PFOHIO FILING INSTRUCTIONS:Enclose a check in the amount of $50 payable to: Treasurer, State of Ohio, and send on or before May 15th with the enclosed payment form to: Ohio Attorney General Charitable Law Section 150 E. Gay St., 23rd Floor Columbus, OH 43215-3130

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmt
DODGE & COX FUND$7,986
200 SH DISNEY STOCK$1,591
200 SH PEPSICO INC.$2,016

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOhio Filing FeesDesc
Revenue And Expenses Per Books$50RevenueAndExpensesPerBooksAmt
Net Investment Income$20NetInvestmentIncomeAmt
Disbursements Charitable Prps$30DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryU.S. TreasuryCategoryTxt
Amt$12Amt
Net Investment Income$5NetInvestmentIncomeAmt
Disbursements Charitable Prps$7DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.