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THE FALCK FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
THE FALCK FOUNDATION INC (EIN 59-3098588)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-04-14
IRS object ID
202011059349100401
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)
Return2020-04-14T06:39:48-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN592110180PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HILLEGASS CHEPENIK & HOOD CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1427 3RD STREET NORTHAddressLine1Txt
CityJACKSONVILLE BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP322507028ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593098588EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FALCK FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFALCBusinessNameControlTxt
Phone9042002154PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15574 RAMBLEWOOD COURTAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43235ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAPHNE E FRANCPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9042460713PhoneNum
Signature2020-04-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTERRY J HOODPreparerPersonNm
PTINP01200953PTIN
Phone9042002154PhoneNum
Preparation2020-04-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.85.54.134IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-04-14IPDt
IP Tm06:39:48IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id864CC0D8908E515D1E2E5344BF87942A43999A04AtSubmissionCreationDeviceId
At Submission Filing Device Id864CC0D8908E515D1E2E5344BF87942A43999A04AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,698,080FMVAssetsEOYAmt
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$130InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$130InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$38,705DividendsRevAndExpnssAmt
Dividends Net Invst Incm$38,705DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$89,679NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$429,843GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$33,645CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$128,514TotalRevAndExpnssAmt
Total Net Invst Incm$72,480TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,175AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$588AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$122TaxesRevAndExpnssAmt
Taxes Net Invst Incm$122TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$15,453OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$14,128OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$16,750TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$14,838TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$80,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$80,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$96,750TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$14,838TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$80,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$31,764ExcessRevenueOverExpensesAmt
Net Investment Income$57,642NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$13,442SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,042SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,042SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,509,145OtherInvestmentsBOYAmt
Other Investments EOY$1,553,309OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,697,038OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,522,587TotalAssetsBOYAmt
Total Assets EOY$1,554,351TotalAssetsEOYAmt
Total Assets EOYFMV$1,698,080TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,522,587RetainedEarningBOYAmt
Retained Earning EOY$1,554,351RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,522,587TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,554,351TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,522,587TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,554,351TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,522,587TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$31,764ExcessRevenueOverExpensesAmt
Subtotal$1,554,351SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,554,351TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$33,645CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$80,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,641,633NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.048732DistributionYr1Rt
Adjusted Qlfy Distri Yr2$79,348AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,627,523NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.048754DistributionYr2Rt
Adjusted Qlfy Distri Yr3$81,571AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,557,249NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.052381DistributionYr3Rt
Adjusted Qlfy Distri Yr4$83,087AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,652,819NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.050270DistributionYr4Rt
Adjusted Qlfy Distri Yr5$78,812AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,699,049NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.046386DistributionYr5Rt
Total Distribution0.246523TotalDistributionRt
Average Distribution0.049305AverageDistributionRt
Net Vl Noncharitable Assets$1,652,699NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$81,486AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$576NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$82,062AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$80,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,153InvestmentIncomeExciseTaxAmt
Subtotal$1,153SubtotalAmt
Tax Based On Investment Income$1,153TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$45EsPenaltyAmt
Tax Due$1,198TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
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
Individual With BooksTERRY J HOODIndividualWithBooksNm
Phone9042002154PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 459AddressLine1Txt
CityMAGGIE VALLEYCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28751ZIPCd
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
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/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAPHNE E FRANC
8049 WHISPER LAKE LANE WEST8049 WHISPER LAKE LANE WESTPONTE VEDRA BEACHFL32082TRUSTEE000.00$0$0$0
REBECCA F WININGER
5574 RAMBLEWOOD COURT5574 RAMBLEWOOD COURTCOLUMBUSOH43235TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,654,702AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,165AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,677,867TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,677,867AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$25,168CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,652,699NetVlNoncharitableAssetsAmt
Minimum Investment Return$82,635MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$82,635MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,153TaxBasedOnInvestmentIncomeAmt
Total Tax$1,153TotalTaxAmt
Distributable Before Adj$81,482DistributableBeforeAdjAmt
Distributable Before Ded$81,482DistributableBeforeDedAmt
Distributable As Adjusted$81,482DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$80,000ExpensesAndContributionsAmt
Qualifying Distributions$80,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$80,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$81,482DistributableAsAdjustedAmt
Undistributed Income PY$78,424UndistributedIncomePYAmt
Qualifying Distributions$80,000QualifyingDistributionsAmt
Applied To Year1$78,424AppliedToYear1Amt
Applied To Current Year$1,576AppliedToCurrentYearAmt
Undistributed Income CY$79,906UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FL SCHOOL-DEAF & BLIND
207 SAN MARCO AVE207 SAN MARCO AVEST AUGUSTINEFL32084NONEDONATION$40,000
SPINAL CORD SOCIETY
19051 COUNTY HIGHWAY19051 COUNTY HIGHWAYFERGUS FALLSMN56537NONEDONATION$40,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$80,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$130RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$38,705RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$89,679RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$128,514RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$128,514TotalIncomeProducingActyAmt

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)
Amt$1,175Amt
Net Investment Income$588NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmtAcquiredAcquiredDtSoldSoldDt
COVERED SECURITIES-WELLS FARGO ADVPURCHASE$218,616$206,020$12,596
COVERED SECURITIES-WELLS FARGO ADVPURCHASE$87,747$79,896$7,851
AB GLOBAL BOND FUNDPURCHASE$5,084$4,885$1992010-062019-11
BLACKROCK GLOBAL ALLOC INSTITPURCHASE$6,652$5,527$1,1252009-052009-11
AMERICAN FUNDS CAP WORLD GRTH & INCPURCHASE$22,305$14,200$8,1052010-062019-11
AMERICAN FUNDS GRTH FUND OF AMERICAPURCHASE$47,981$22,237$25,7442010-062019-11
LOOMIS SAYLES FDS-INV GRADE BONDSPURCHASE$7,813$7,399$4142009-052019-11

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,553,309BookValueAmt
EOYFMV$1,697,038EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKERAGE FEES$14,128$14,128
FEDERAL INCOME TAX$1,325

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES PAIDCategoryTxt
Amt$122Amt
Net Investment Income$122NetInvestmentIncomeAmt

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