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DOWNEY FAMILY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
DOWNEY FAMILY FOUNDATION INC (EIN 82-0577920)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-12
IRS object ID
202003179349102130
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)
Return2020-11-12T16:31:15-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN770054149PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SILICON PARK TAX CONSULTANTSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11520 The Alameda 120AddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95126ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN820577920EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOWNEY FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOWNBusinessNameControlTxt
Phone4089210383PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12914 BIRD ROCK ROADAddressLine1Txt
CityPEBBLE BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93953ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL DOWNEYPersonNm
Person TitlePresidentPersonTitleTxt
Phone4089210383PhoneNum
Signature2020-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVE PIROTTA - EAPreparerPersonNm
PTINP00044891PTIN
Phone4082805400PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$644,448FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$45InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$45InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$45InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$15,936DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,936DividendsNetInvstIncmAmt
Dividends Adj Net Incm$15,936DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$210NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$69,042GrossSalesPriceAmt
Total Rev And Expnss$36,271TotalRevAndExpnssAmt
Total Net Invst Incm$15,981TotalNetInvstIncmAmt
Total Adj Net Incm$15,981TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$930AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$5,825OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,755TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,043ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,043ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$46,798TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,043TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$10,527ExcessRevenueOverExpensesAmt
Net Investment Income$15,981NetInvestmentIncomeAmt
Adjusted Net Income$15,981AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$34,869CashBOYAmt
Cash EOY$23,725CashEOYAmt
Other Investments BOY$586,334OtherInvestmentsBOYAmt
Other Investments EOY$590,176OtherInvestmentsEOYAmt
Other Investments EOYFMV$644,448OtherInvestmentsEOYFMVAmt
Total Assets BOY$621,203TotalAssetsBOYAmt
Total Assets EOY$613,901TotalAssetsEOYAmt
Total Assets EOYFMV$644,448TotalAssetsEOYFMVAmt
Other Liabilities EOY$3,225OtherLiabilitiesEOYAmt
Total Liabilities EOY$3,225TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$621,203NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$621,203TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$610,676TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$621,203TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$613,901TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$621,203TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$10,527ExcessRevenueOverExpensesAmt
Subtotal$610,676SubtotalAmt
Tot Net Ast Or Fund Balances EOY$610,676TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
134.665 SHS DELAWARE GROUPP2019-01-252019-09-20$2,493$2,440$53$53
11.16 SHS VIRTUS FUNDSP2018-06-202019-02-20$390$417-$27-$27
160.514 SHS VIRTUS KAR SMCP COREP2018-08-072019-02-20$5,610$6,000-$390-$390
10000 SHS FEDERATED TREAS CASHP2019-05-302019-09-10$10,000$10,000
WFA TRADES #2756-1497P2019-01-012019-01-01$50,549$50,395$154$154
FieldValueIRS element (for citing)
Capital Gain Net Income-$210CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$210NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$42,906AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$36,272AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$622,346NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05828DistributionYr2Rt
Adjusted Qlfy Distri Yr3$36,930AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$625,795NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05901DistributionYr3Rt
Adjusted Qlfy Distri Yr4$41,549AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$615,571NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.06750DistributionYr4Rt
Adjusted Qlfy Distri Yr5$60,441AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$632,541NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.09555DistributionYr5Rt
Total Distribution0.280346TotalDistributionRt
Average Distribution0.056069AverageDistributionRt
Net Investment Income Pct$160NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$160AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$40,043QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$160InvestmentIncomeExciseTaxAmt
Subtotal$160SubtotalAmt
Tax Based On Investment Income$160TaxBasedOnInvestmentIncomeAmt
Tax Due$160TaxDueAmt

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 Line1MICHAEL DOWNEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4089210383PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12914 BIRD ROCK ROADAddressLine1Txt
CityPEBBLE BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93953ZIPCd
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
MICHAEL P DOWNEY
2914 BIRD ROCK ROADPEBBLE BEACHCA93953President & CFO1.00$0
JERI JEAN DOWNEY
2914 BIRD ROCK ROADPEBBLE BEACHCA93953Secretary1.00$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$160TaxBasedOnInvestmentIncomeAmt
Total Tax$160TotalTaxAmt
Distributable Before Adj$160DistributableBeforeAdjAmt
Distributable Before Ded$160DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,043ExpensesAndContributionsAmt
Qualifying Distributions$40,043QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$160PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$39,883AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$60,656ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$41,800ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$37,158ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,127ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$42,997ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$188,738TotalExcessDistributionCyovAmt
Qualifying Distributions$40,043QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$40,043RemainingDistriFromCorpusAmt
Total Corpus$228,781TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$60,656ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$168,125ExcessDistriCyovToNextYrAmt
Excess From Year4$41,800ExcessFromYear4Amt
Excess From Year3$37,158ExcessFromYear3Amt
Excess From Year2$6,127ExcessFromYear2Amt
Excess From Year1$42,997ExcessFromYear1Amt
Excess From Current Year$40,043ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL P DOWNEYContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MONTEREY CHURCH
401 ALVARADO STMONTEREYCA93940NONE501(C)(3)GENERAL SUPPORT$13,600
MONTEREY MINISTRIES
432 ALVARADO ST STE BMONTEREYCA93940NONEGENERAL SUPPORT$17,600
CAMPUS CRUSADE FOR CHRIST CRU
100 LAKE HART DRIVE 2200ORLANDOFL32832NONE501(C)(3)GENERAL SUPPORT$3,000
COMPASSION INTERNATIONAL
12290 VOYAGER PARKWAYCOLORADO SPRINGSCO80921NONE501(C)(3)GENERAL SUPPORT$2,513
HERITAGE FOUNDATION
214 MASSACHUTES AVE NEWASHINGTONDC20002NONE501(C)(3)GENERAL SUPPORT$2,000
CHILDREN'S HOPECHEST
PO BOX 1190PALMER LAKECO80133NONE501(C)(3)GENERAL SUPPORT$1,080
QUAIL LAKES BAPTIST CHURCH
1904 QUAIL LAKES DRSTOCKTONCA95207NONE501(C)(3)GENERAL SUPPORT$250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,043TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$45ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,936ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion-$210ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,771ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,771TotalIncomeProducingActyAmt

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 PersonMICHAEL P DOWNEYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12914 BIRD ROCK ROADAddressLine1Txt
CityPEBBLE BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93953ZIPCd
FieldValueIRS element (for citing)
Total Contributions$20,500TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEESCategoryTxt
Amt$930Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescUNCASHED GRANT CHECKSDesc
EOY Book Value$3,225EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryWELLS FARGO ADVISORY FEECategoryTxt
Amt$5,825Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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