SALLY HUGHES CHURCH FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- SALLY HUGHES CHURCH FOUNDATION (EIN 77-0344378)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-13
- IRS object ID
- 202013189349103726
- Schema version
- 2019v5.1
- 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
- Form 990-PF
- Accounting Fees Schedule
- Applied To Prior Year Election
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T17:47:36-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 941541507 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BIANCHIKASAVAN & POPE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 LINCOLN AVENUE SUITE 200 | AddressLine1Txt |
| City | SALINAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770344378 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALLY HUGHES CHURCH FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O ANNE LEACH | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALL | BusinessNameControlTxt |
| Phone | 8317582401 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1418 S MAIN STREET NO 203 | AddressLine1Txt |
| City | SALINAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93908 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNE LEACH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8317582401 | PhoneNum |
| Signature | 2020-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GAIL A DELOREY | PreparerPersonNm |
| PTIN | P00039273 | PTIN |
| Phone | 8317575311 | PhoneNum |
| Preparation | 2020-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.250.205.18 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-13 | IPDt |
| IP Tm | 11:32:58 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 22E75AD2C1C546D249EC32B156E23CF8FA4B3CE0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 635F5CFA48A09FB4A086B70DF93422F5190B61BC | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,286,725 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $90,875 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $90,875 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $143,633 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $143,633 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $29,977 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $29,977 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $14,745 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$15,767 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,541,518 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $203 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $203 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $248,921 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $264,688 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $23,191 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $16,234 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,957 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $19,415 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $13,591 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,824 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $37,521 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $36,351 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,170 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $19,708 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $15,232 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,052 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $101,887 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $81,408 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $13,951 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $517,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $517,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $618,887 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $81,408 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $530,951 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$369,966 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $183,280 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,843 | CashBOYAmt |
| Cash EOY | $17,155 | CashEOYAmt |
| Cash EOYFMV | $17,155 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,525,293 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,274,707 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,274,707 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses EOY | $15,645 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $15,645 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $8,514,698 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,334,218 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,334,218 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,645,000 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $984,928 | LandBOYAmt |
| Land EOY | $1,645,000 | LandEOYAmt |
| Land EOYFMV | $1,645,000 | LandEOYFMVAmt |
| Total Assets BOY | $11,027,762 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,286,725 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,286,725 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $81,127 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $81,127 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $10,946,635 | RetainedEarningBOYAmt |
| Retained Earning EOY | $12,286,725 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,946,635 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $12,286,725 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $11,027,762 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $12,286,725 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,946,635 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$369,966 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,710,056 | OtherIncreasesAmt |
| Subtotal | $12,286,725 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $12,286,725 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| WELLS FARGO #2496 COVERED SHORT | P | 2019-01-05 | 2019-12-31 | $404,736 | $428,760 | -$24,024 | -$24,024 |
| WELLS FARGO #2496 COVERED LONG | P | 2018-01-01 | 2019-12-31 | $1,084,285 | $1,128,525 | -$44,240 | -$44,240 |
| ALLY BANK CD | P | 2019-09-11 | 2019-12-19 | $250,000 | $250,000 | $0 | $0 |
| BNY MELLON NA CD | P | 2019-09-11 | 2019-12-13 | $250,000 | $250,000 | $0 | $0 |
| EMPRISE BANK CD | P | 2019-09-11 | 2019-12-16 | $250,000 | $250,000 | $0 | $0 |
| PACIFIC WESTERN BANK CD | P | 2019-09-11 | 2019-12-17 | $250,000 | $250,000 | $0 | $0 |
| PEOPLES UNITED BK NA CD | P | 2019-09-11 | 2019-12-13 | $250,000 | $250,000 | $0 | $0 |
| STANTANDER BANK NA CD | P | 2019-09-16 | 2019-12-26 | $250,000 | $250,000 | $0 | $0 |
| WELLS FARGO#0885 NONCOVERED LONG | P | 2018-01-01 | 2019-12-31 | $3,500,000 | $3,500,000 | $0 | $0 |
| CAPITAL GAINS DIVIDENDS | P | $52,497 | $52,497 | $52,497 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$15,767 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $439,465 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $10,053,141 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.043714 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $393,042 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $8,296,271 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.047376 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $422,376 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $7,770,986 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.054353 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $212,500 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,744,060 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.027440 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $245,417 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,760,308 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.031625 | DistributionYr5Rt |
| Total Distribution | 0.204508 | TotalDistributionRt |
| Average Distribution | 0.040902 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $11,748,979 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $480,557 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,833 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $482,390 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $530,951 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $1,833 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,833 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,833 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $17,480 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $17,480 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $2 | EsPenaltyAmt |
| Overpayment | $15,645 | OverpaymentAmt |
| Applied To ES Tax | $15,645 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | SALLYCHURCHFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | ANNE LEACH | IndividualWithBooksNm |
| Phone | 8317582401 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1418 SOUTH MAIN ST SUITE 203 | AddressLine1Txt |
| City | SALINAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93908 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ANNE C LEACH | ||||||||
| 1418 SOUTH MAIN STREET SUITE 203 | SALINAS | CA | 93908 | DIRECTOR, PRESIDENT | 1.00 | $0 | $0 | $0 |
| W B LINDLEY | ||||||||
| 340 EL CAMINO REAL SOUTH 37B | SALINAS | CA | 93901 | DIRECTOR, VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| HARRY WARDWELL | ||||||||
| 19815 SPRING TERRACE RIDGE ROAD | SALINAS | CA | 93908 | DIRECTOR, SECRETARY | 1.00 | $0 | $0 | $0 |
| ROSS MERRILL | ||||||||
| PO BOX 659 | SALINAS | CA | 93902 | DIRECTOR, TREASURER | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,205,847 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,077,050 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,645,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,927,897 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,927,897 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $178,918 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,748,979 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $587,449 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $587,449 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,833 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,833 | TotalTaxAmt |
| Distributable Before Adj | $585,616 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $585,616 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $585,616 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $530,951 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $530,951 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,833 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $529,118 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $585,616 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $306,679 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $530,951 | QualifyingDistributionsAmt |
| Applied To Year1 | $306,679 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $224,272 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $361,344 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUBS OF MO CO | |||||||
| 85 MARYAL DRIVE | SALINAS | CA | 93906 | N/A | PC | GENERAL | $50,000 |
| CALIFORNIA INTERNATIONAL AIRSHOW | |||||||
| 37 MORTENSEN AVE | SALINAS | CA | 93902 | N/A | PC | GENERAL | $30,000 |
| PUBLIC RECREATION UNLIMITED | |||||||
| PO BOX 2562 | SALINAS | CA | 93902 | N/A | PC | SINGLE GRANT- IMPROVEMENTS TO SPORTS CENTER | $50,000 |
| ARIEL THEATRICAL | |||||||
| 320 MAIN STREET | SALINAS | CA | 93901 | N/A | PC | GENERAL - 2020 OUTREACH WEEK | $47,000 |
| BOB HOOVER ACADEMY | |||||||
| 265 SAN BENANCIO RD | SALINAS | CA | 93908 | N/A | PC | SINGLE GRANT - S.T.E.M. PROGRAM | $50,000 |
| MONTEREY JAZZ FESTIVAL | |||||||
| MONTEREY COUNTY FAIRGROUNDS | MONTEREY | CA | 93940 | N/A | PC | SINGLE GRANT FOR JAZZ IN THE SCHOOL & ALL STAR P | $10,000 |
| MEE MEMORIAL HOSPITAL | |||||||
| 300 CANAL STREET | KING CITY | CA | 93930 | N/A | PC | GREENFIELD CLINIC EXPANSION | $25,000 |
| CSUMB | |||||||
| 100 CAMPUS CENTER | SEASIDE | CA | 93955 | N/A | PC | COLLEGE OF SCIENCE BLDG II | $30,000 |
| SALINAS REGIONAL SPORTS AUTHORITY | |||||||
| 11188 PADRE DRIVE | SALINAS | CA | 93901 | N/A | PC | SOCCER COMPLEX FUND | $125,000 |
| SALINAS VALLEY MEMORIAL HOSPITAL FOUNDATION | |||||||
| PO BOX 4760 | SALINAS | CA | 93912 | N/A | EOF | FOR GONZALES FAMILY WELLNESS | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $517,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $90,875 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $143,633 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $14,745 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $203 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$15,767 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $233,689 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $233,689 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $19,415 | Amt |
| Net Investment Income | $13,591 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,824 | DisbursementsCharitablePrpsAmt |
Applied To Prior Year Election AppliedToPriorYearElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | THIS FOUNDATION HERE ELECTS TO APPLY PART OF 2016 QUALIFYING DISTRIBUTIONS TO 2014 REMAINING UNDISTRIBUTED INCOME UNDER REGULATIONS SECTION 53.4942(A)-3(D)(2). | ElectionDesc |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| VEGETABLE GROWERS SUPPLY | $25,051 | $25,051 |
| WELLS FARGO ACCT#0885 | $3,250,375 | $3,250,375 |
| WELLS FARGO ACCT#2496 | $6,058,792 | $6,058,792 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $23,191 | LegalFeesAmt |
| Net Investment Income | $16,234 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,957 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE | Desc |
| Revenue And Expenses Per Books | $2,052 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVISORY FEE CREDIT AND INTEREST | Desc |
| Revenue And Expenses Per Books | $203 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $203 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $203 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN (LOSS)- CHANGES | Desc |
| Amt | $1,710,056 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL EXCISE TAX PAYABLE | Desc |
| BOY Book Value | $81,127 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $33,621 | $33,621 | $0 |
| REAL ESTATE APPRAISAL FEES | $3,900 | $2,730 | $1,170 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $1,835 | $0 | $0 |
| FOREIGN TAXES | $2,481 | $0 | $0 |
| RRF-1 FEE | $150 | $0 | $0 |
| FTB | $10 | $0 | $0 |
| PROPERTY TAX DEDUCTED | $15,232 | $15,232 | $0 |
Comments