BETA

Robert C Dart Foundation: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
Robert C Dart Foundation (EIN 20-5973757)
Tax period
2018-11-01 to 2019-10-31
Filed
2020-09-15
IRS object ID
202002599349100210
Schema version
2018v3.2
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)
Return2020-09-15T11:04:44-05:00ReturnTs
Tax Period End2019-10-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2018-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205973757EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Robert C Dart FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone5176763803PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 Hogsback RoadAddressLine1Txt
CityMasonCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48854ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFrancis X Liesman IIPersonNm
Person TitleAsst. SecretaryPersonTitleTxt
Phone5176763803PhoneNum
Signature2020-09-14SignatureDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.233.211.152IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-09-14IPDt
IP Tm12:30:17IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id0A7B0A52E43D239949DC710AD4BC1F0DDBE25AB8AtSubmissionCreationDeviceId
At Submission Filing Device Id0A7B0A52E43D239949DC710AD4BC1F0DDBE25AB8AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-01-07 14:23:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$19,084,280FMVAssetsEOYAmt
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$444,190DividendsRevAndExpnssAmt
Dividends Net Invst Incm$444,190DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$0NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$31,192,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$444,190TotalRevAndExpnssAmt
Total Net Invst Incm$444,190TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Other Expenses Rev And Expnss$145OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$145OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$145TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$145TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$145TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$145TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$444,045ExcessRevenueOverExpensesAmt
Net Investment Income$444,190NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$18,536,207OtherInvestmentsBOYAmt
Other Investments EOY$18,980,252OtherInvestmentsEOYAmt
Other Investments EOYFMV$19,084,280OtherInvestmentsEOYFMVAmt
Total Assets BOY$18,536,207TotalAssetsBOYAmt
Total Assets EOY$18,980,252TotalAssetsEOYAmt
Total Assets EOYFMV$19,084,280TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$18,536,207RetainedEarningBOYAmt
Retained Earning EOY$18,980,252RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$18,536,207TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$18,980,252TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,536,207TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$18,980,252TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,536,207TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$444,045ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$18,980,252SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$18,980,252TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Bank of America Corp2018-01-112019-01-15$3,000,000$3,000,000$0$0
Bank of America Corp2018-05-102019-01-15$2,400,000$2,400,000$0$0
CITIGroup Inc2018-05-302018-12-07$6,000,000$6,000,000$0$0
CITIGroup Inc2018-09-272019-07-29$1,500,000$1,500,000$0$0
United States Treasury2018-12-072019-01-15$6,061,000$6,061,000$0$0
United States Treasury2019-01-142019-01-24$11,531,000$11,531,000$0$0
United States Treasury2019-08-262019-09-10$700,000$700,000$0$0
FieldValueIRS element (for citing)
Capital Gain Net Income$0CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$275,985AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$18,830,044NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.014657DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,935,890AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$18,520,346NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.104528DistributionYr2Rt
Adjusted Qlfy Distri Yr3$3,472,388AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$20,775,259NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.167141DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,596,863AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$24,490,366NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.106036DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,059,654AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$26,755,034NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.076982DistributionYr5Rt
Total Distribution0.469344TotalDistributionRt
Average Distribution0.093869AverageDistributionRt
Net Vl Noncharitable Assets$18,431,295NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,730,127AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$4,442NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,734,569AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$145QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,884InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$8,884SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$8,884TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$7,459EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$7,459TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$1,425TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressForms 990-PF are available at www.guidestar.orgWebsiteAddressTxt
Individual With BooksTeri HullIndividualWithBooksNm
Phone5176763803PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 Hogsback RoadAddressLine1Txt
CityMasonCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48854ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmtAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
Robert C Dart
PO Box 30229Grand CaymanCJKY1-1201President, Treasurer, & Director0.00$0$0$0
James D Lammers
Secretary & Director0.00$0$0$0500 Hogsback RoadMasonMI48854
Francis X Liesman II
Assistant Secretary0.00$0$0$0500 Hogsback RoadMasonMI48854
Ariane M Dart
Director0.00$0$0$0500 Hogsback RoadMasonMI48854
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$14,534,492AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,177,483AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$18,711,975TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$18,711,975AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$280,680CashDeemedCharitableAmt
Net Vl Noncharitable Assets$18,431,295NetVlNoncharitableAssetsAmt
Minimum Investment Return$921,565MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$921,565MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,884TaxBasedOnInvestmentIncomeAmt
Total Tax$8,884TotalTaxAmt
Distributable Before Adj$912,681DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$912,681DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$912,681DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$145ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$145QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$145AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$912,681DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$63,135ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,374,681ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,440,205ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,014,795ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$4,892,816TotalExcessDistributionCyovAmt
Qualifying Distributions$145QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$145AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$912,536ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$912,536ExcessDistributionCyovAppCYAmt
Total Corpus$3,980,280TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,980,280ExcessDistriCyovToNextYrAmt
Excess From Year4$525,280ExcessFromYear4Amt
Excess From Year3$2,440,205ExcessFromYear3Amt
Excess From Year2$1,014,795ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRobert C DartContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$444,190ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$444,190ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$444,190TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
JP Morgan MMAT COST$1,266,126$1,266,126
Wells Fargo SavingsAT COST$2,326,085$2,326,085
RBC Money MarketAT COST$210,756$210,756
JP Morgan SecuritiesAT COST$14,473,208$14,577,070
RBC SecuritiesAT COST$704,077$704,243

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank FeesDesc
Revenue And Expenses Per Books$145RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$145DisbursementsCharitablePrpsAmt

Comments

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