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JAMES H FRANK FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
JAMES H FRANK FOUNDATION (EIN 33-1185058)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-12
IRS object ID
202003179349102205
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)
Return2020-11-12T11:06:30-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN474728406PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cohen Bender & Golden LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112400 Wilshire Blvd Ste 1250AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90025ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331185058EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES H FRANK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone3104509178PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12678 34TH STREETAddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES H FRANKPersonNm
Person Titlepresident & CFOPersonTitleTxt
Signature2020-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT L GOLDEN CPAPreparerPersonNm
PTINP00227738PTIN
Phone3108201232PhoneNum
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$186,767FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$34,800ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$221InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$221InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,978DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,978DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$126NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$64,045GrossSalesPriceAmt
Total Rev And Expnss$39,873TotalRevAndExpnssAmt
Total Net Invst Incm$5,199TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,850AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$403TaxesRevAndExpnssAmt
Taxes Net Invst Incm$68TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$828OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$828OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,081TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$896TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,397ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,397ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,478TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$896TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$4,397TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$30,395ExcessRevenueOverExpensesAmt
Net Investment Income$4,303NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$26,601SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$92,079SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$92,079SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$90,730CorporateStockBOYAmt
Corporate Stock EOY$89,356CorporateStockEOYAmt
Corporate Stock EOYFMV$60,569CorporateStockEOYFMVAmt
Other Investments BOY$81,657OtherInvestmentsBOYAmt
Other Investments EOY$48,582OtherInvestmentsEOYAmt
Other Investments EOYFMV$33,964OtherInvestmentsEOYFMVAmt
Other Assets BOY$167OtherAssetsBOYAmt
Other Assets EOY$155OtherAssetsEOYAmt
Other Assets EOYFMV$155OtherAssetsEOYFMVAmt
Total Assets BOY$199,155TotalAssetsBOYAmt
Total Assets EOY$230,172TotalAssetsEOYAmt
Total Assets EOYFMV$186,767TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$199,155RetainedEarningBOYAmt
Retained Earning EOY$230,172RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$199,155TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$230,172TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$199,155TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$230,172TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$199,155TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$30,395ExcessRevenueOverExpensesAmt
Other Increases$1,393OtherIncreasesAmt
Subtotal$230,943SubtotalAmt
Other Decreases$771OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$230,172TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
500 APPTIO INCP2018-09-132019-01-11$19,000$20,294-$1,294-$1,294
98.121 DIAMOND S SHIPPING INCP2019-03-282019-04-18$1,216$1,050$166$166
.857 CAPITAL PRODUCT PARTNERS LPP2019-09-032019-04-03$9$53-$44-$44
1000 KBR INCP2014-07-252019-07-01$24,830$23,098$1,732$1,732
1000 PRINCIPAL REAL ESTATE INCP2013-06-252019-07-12$18,990$19,675-$685-$685
HI CRUSHP2014-01-012019-05-31$1-$1-$1
FieldValueIRS element (for citing)
Capital Gain Net Income-$126CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$86InvestmentIncomeExciseTaxAmt
Subtotal$86SubtotalAmt
Tax Based On Investment Income$86TaxBasedOnInvestmentIncomeAmt
Tax Due$86TaxDueAmt

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
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 Line1COHEN BENDER & GOLDEN LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3108201232PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112400 WILSHIRE BLVD STE 1250AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90025ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JAMES H FRANK
2678 34TH STREETSANTA MONICACA90405president & CFO5.00$0
ROBERT MARCUS
7218 ELMSBURY LANEWEST HILLSCA91307SECRETARY & DIR1.00$0
SAMUEL BLASER
406 S LEMON AVENUE 6WALNUTCA91789Director1.00$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$88,545AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,104AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$154,649TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$154,649AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,320CashDeemedCharitableAmt
Net Vl Noncharitable Assets$152,329NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,616MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,616MinimumInvestmentReturnAmt
Tax Based On Investment Income$86TaxBasedOnInvestmentIncomeAmt
Total Tax$86TotalTaxAmt
Distributable Before Adj$7,530DistributableBeforeAdjAmt
Distributable Before Ded$7,530DistributableBeforeDedAmt
Distributable As Adjusted$7,530DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,397ExpensesAndContributionsAmt
Qualifying Distributions$4,397QualifyingDistributionsAmt
Adjusted Qualifying Distri$4,397AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,530DistributableAsAdjustedAmt
Undistributed Income PY$2,244UndistributedIncomePYAmt
Qualifying Distributions$4,397QualifyingDistributionsAmt
Applied To Year1$2,244AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,153AppliedToCurrentYearAmt
Undistributed Income CY$5,377UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
peterson auto museum
6060 WILSHIRE BLVDLOS ANGELESCA90036UNRELATEDPCCHARITABLE$1,540
CHP 11-99 FOUNDATION
2244 N STATE COLLEGE BLVDFULLERTONCA92831UNRELATEDPCCHARITABLE$700
SCLERODERMA RESEARCH FOUNDATION
11704 WILSHIRE BLVDLOS ANGELESCA90025UNRELATEDPCCHARITABLE$100
CEDAR SINAI
8700 BEVERLY BLVD STE 2416LOS ANGELESCA90048UNRELATEDPCCHARITABLE$100
PASSTHROUGH FROM K1 -HI-CRUSH
1330 post oak blvd suite 600houstonTX77056UNRELATEDPCCHARITABLE$2
DISABLED AMERICAN VETERANS
11000 WILSHIRE BLVD 5227LOS ANGELESCA90024UNRELATEDPCCHARITABLE$100
HUNTINGTON'S DISEASE SOCIETY OF AME
505 EIGTH AVENUE SUITE 902NEW YORKNY10018UNRELATEDPCCHARITABLE$1,250
RONALD REAGAN FOUNDATION
40 PRESIDENTIAL DRIVESIMI VALLEYCA93065UNRELATEDPCCHARITABLE$105
TEEN CHALLENGE OF SOUTHERN CA
5445 CHICAGO AVENUERIVERSIDECA92507UNRELATEDPCCHARITABLE$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,397TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$221ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,978ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$126ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,073ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,073TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
JAMES H FRANK
12678 34TH STREETSANTA MONICACA90405$5,000Yes (X)
JAMES H FRANK
22678 34TH STREETSANTA MONICACA90405$29,800Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor2ContributorNum
Noncash Property200 SHARES UNITED TECHNOLOGIESNoncashPropertyDesc
Fair Market Value$29,800FairMarketValueAmt
Received2019-12-13ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$3,850Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1000 KBR INC
1000 CAPITALA FIN CORP$18,320$8,730
1000 HI-CRUSH PARNTERS LP MLP$12,218$882
500 APPTIO INC
1000 ENCANA CORP$13,693$4,690
1000 LEGRAND SA$15,325$16,315
200 UNTD TECHNOLOGIES CORP$29,800$29,952

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
1000 PRINCIPAL REAL ESTATE INCOME FUNDAT COST
1250 blackrock multi sector incomeAT COST$24,796$20,200
1000 CAPITAL PROD PARTNERS LP UNITSAT COST$8,800$1,908
600 DOUBLELINE INCOME SOLUTIONS FDAT COST$14,986$11,856

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDIVIDENDS & INTEREST RECEIVABLEDesc
BOY Book Value$167BOYBookValueAmt
EOY Book Value$155EOYBookValueAmt
EOYFMV$155EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (4 entries)

DescDescAmtAmt
EXCESS BUSINESS INTEREST EXPENSE FROM PTP$111
NON-DEDUCTIBLE EXPENSE FROM K-1$3
PENALTIES$187
unallowed loss from publicly traded partnership$470

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES/TRANSFER FEES$95$95
BOND AMORTIZATION$547$547
MANAGEMENT FEES$186$186

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNON-DIVIDEND DISTRIBUTIONDesc
Amt$1,393Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
federal EXCISE TAX$290
FOREIGN TAX$68$68
FTB FILING FEE$45

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