BRAESIDE FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- BRAESIDE FOUNDATION (EIN 36-3779797)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202023219349102172
- 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
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T10:18:51-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362170602 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WARADY & DAVIS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 DEERFIELD RD SUITE 300S | AddressLine1Txt |
| City | DEERFIELD | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60015 | 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 | 363779797 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRAESIDE FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O STUART CHANEN - CHANEN & OLSTEIN | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BRAE | BusinessNameControlTxt |
| Phone | 8474694669 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7373 N LINCOLN AVENUE NO 100 | AddressLine1Txt |
| City | LINCOLNWOOD | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60712 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN SCHOMBERG | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8474694669 | PhoneNum |
| Signature | 2020-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES DONENBERG | PreparerPersonNm |
| PTIN | P00094695 | PTIN |
| Phone | 8472679600 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.8.122.20 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-03 | IPDt |
| IP Tm | 09:56:16 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 6B7D4504FB3FE256900941F61103C3D158002404 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 47612002A1604F49E80EAE8C9711AD8209E14D6E | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $821,108 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
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 | $17,678 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $17,678 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $19,604 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $19,604 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$118,569 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $773,360 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $93,500 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $12,213 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $37,282 | 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 | $117,916 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $117,916 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,082 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,062 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $6,020 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $223 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $223 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $210 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $31 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $179 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $125,431 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,316 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $124,115 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $38,400 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $38,400 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $163,831 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,316 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $162,515 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$151,618 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $35,966 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $36,885 | CashBOYAmt |
| Cash EOY | $32,005 | CashEOYAmt |
| Cash EOYFMV | $32,005 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $11,242 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $752 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $752 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $485,124 | CorporateStockBOYAmt |
| Corporate Stock EOY | $754,014 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $788,351 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $401,010 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $5,291 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,291 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $4,128 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $938,389 | TotalAssetsBOYAmt |
| Total Assets EOY | $786,771 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $821,108 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | 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 | $938,389 | RetainedEarningBOYAmt |
| Retained Earning EOY | $786,771 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $938,389 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $786,771 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $938,389 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $786,771 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $938,389 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$151,618 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $786,771 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $786,771 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (20 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| BERNSTEIN - BP PLC | 2016-03-28 | 2019-10-09 | $298 | $273 | $25 | $25 | |
| BERNSTEIN - CORTEVA | 2019-06-30 | 2019-10-09 | $22,333 | $26,133 | -$3,800 | -$3,800 | |
| BERNSTEIN - DOW INC | 2016-03-28 | 2019-10-09 | $37,576 | $43,243 | -$5,667 | -$5,667 | |
| BERNSTEIN - DRIVE SHACK | 2018-06-30 | 2019-10-09 | $2,018 | $6,952 | -$4,934 | -$4,934 | |
| BERNSTEIN - DUPONT DE NEMOURS INC | 2016-04-08 | 2019-10-09 | $55,054 | $62,584 | -$7,530 | -$7,530 | |
| BERNSTEIN - GENERAL ELECTRIC | 2016-04-14 | 2019-10-09 | $32,045 | $119,624 | -$87,579 | -$87,579 | |
| BERNSTEIN - PACIFIC GAS AND ELECTRIC | 2016-03-22 | 2019-10-09 | $10,971 | $59,037 | -$48,066 | -$48,066 | |
| BERNSTEIN - PUBLIC SERVICE ENTERPRISE GRP | 2016-04-21 | 2019-10-09 | $30,907 | $22,952 | $7,955 | $7,955 | |
| BERNSTEIN - SOUTHERN COMPANIES | 2016-04-11 | 2019-10-09 | $123,982 | $102,286 | $21,696 | $21,696 | |
| BERNSTEIN - WALGREENS BOOTS ALLIANCE INC | 2016-01-04 | 2019-10-09 | $26,188 | $42,040 | -$15,852 | -$15,852 | |
| BERNSTEIN - CITIGROUP 4.0% DUE 8/5/24 | 2016-04-25 | 2019-10-17 | $106,332 | $101,246 | $5,086 | $5,086 | |
| BERNSTEIN - QUALCOMM 4.8% DUE 5/20/45 | 2016-04-21 | 2019-10-17 | $118,786 | $103,515 | $15,271 | $15,271 | |
| BERNSTEIN - TRINITY IND INC 4.550% DUE 10/1/24 | 2016-04-28 | 2019-10-17 | $102,443 | $97,640 | $4,803 | $4,803 | |
| BERNSTEIN - WABTEC CORP | 2019-02-25 | 2019-10-09 | $1,276 | $1,276 | $1,276 | ||
| BERNSTEIN - GATX CORP 3.25% DUE 3/30/25 | 2016-04-04 | 2019-10-17 | $102,595 | $104,303 | -$1,708 | -$1,708 | |
| VANGUARD - WABTEC CORP - CIL | 2019-02-25 | 2019-02-26 | $45 | $49 | -$4 | -$4 | |
| VANGUARD - CORTEVA | 2016-03-28 | 2019-06-01 | $9 | $9 | $0 | $0 | |
| VANGUARD - DOW INC | 2016-03-28 | 2019-04-01 | $19 | $18 | $1 | $1 | |
| VANGUARD - DU PONT DE NEMOURS | 2016-03-28 | 2019-06-06 | $24 | $25 | -$1 | -$1 | |
| CAPITAL GAINS DIVIDENDS | $459 | $459 | $459 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$118,569 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $152,377 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $994,000 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.153297 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $54,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,310,242 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.041214 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $111,891 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,435,795 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.077930 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $142,881 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,066,370 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.069146 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $172,290 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,847,164 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.060513 | DistributionYr5Rt |
| Total Distribution | 0.402100 | TotalDistributionRt |
| Average Distribution | 0.080420 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $793,594 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $63,821 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $360 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $64,181 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $162,515 | 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 | $360 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $360 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $360 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $360 | TaxDueAmt |
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 | IL | 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 | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STUART J CHANEN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3126765480 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7373 N LINCOLN AVENUE NO 100 | AddressLine1Txt |
| City | LINCOLNWOOD | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60712 | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| JOHN SCHOMBERG | ||||||||
| 203 N LASALLE ST SUITE 2600 | CHICAGO | IL | 60601 | PRESIDENT | 0.50 | $0 | $0 | $0 |
| DARLENE OLIVER HIGHTOWER | ||||||||
| 600 S PAULINA ST SUITE 1013 | CHICAGO | IL | 60612 | SECRETARY | 0.50 | $0 | $0 | $0 |
| STUART J CHANEN | ||||||||
| 218 N JEFFERSON ST SUITE 300 | CHICAGO | IL | 60661 | 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 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RILEY SAFER HOLMES & CANCILA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 WEST MADISON STREET 2900 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL SERVICES | ServiceTypeTxt |
| Compensation | $117,916 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $778,298 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $27,381 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $805,679 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $805,679 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $12,085 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $793,594 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $39,680 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $39,680 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $360 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $360 | TotalTaxAmt |
| Distributable Before Adj | $39,320 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $39,320 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $39,320 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $162,515 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $162,515 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $360 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $162,155 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $39,320 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $38,075 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $38,075 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $162,515 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $39,320 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $123,195 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $161,270 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $161,270 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $38,075 | ExcessFromYear1Amt |
| Excess From Current Year | $123,195 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BELOVED COMMUNITY FAMILY WELLNESS CENTER | |||||||
| 6821 SOUTH HALSTED STREET | CHICAGO | IL | 60621 | NONE | PC | PROVIDE AFFORDABLE PRIMARY HEALTH CARE, EDUCATION AND SOCIAL SERVICE PROGRAMS TO THE GREATER ENGLEWOOD AND SURROUNDING COMMUNITIES | $9,600 |
| BRIGHT STAR COMMUNITY OUTREACH | |||||||
| 333 EAST 35TH STREET | CHICAGO | IL | 60616 | NONE | PC | EMPOWERING COMMUNITY RESIDENTS WITH SKILLS AND RESOURCES NEED TO BE SUCCESSFUL THROUGH PARENT EDUCATION, ADVOCACY, COUNSELING, MENTORING AND WORKFORCE DEVELOPMENT | $9,600 |
| HOWARD BROWN HEALTH CENTER | |||||||
| PO BOX 13500 | CHICAGO | IL | 60613 | NONE | PC | TO HELP ELIMINATE DISPARITIES IN HEALTHCARE BY LESBIAN, GAY, BISEXUAL AND TRANSGENDER PEOPLE THROUGH RESEARCH, EDUCATION AND PROMOTING HEALTH WELLNESS | $9,600 |
| NATIONAL ALLIANCE ON MENTAL ILLNESS | |||||||
| 1801 W WARNER AVENUE STE 202 | CHICAGO | IL | 60613 | NONE | PC | PROVIDE SERVICES FOR AMERICANS AFFECTED BY MENTAL ILLNESS ESPECIALLY SERIOUS MENTAL ILLNESS | $9,600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $38,400 | 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 | $17,678 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $19,604 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$118,569 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SETTLEMENT AGREEMENT | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $93,500 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $12,213 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,213 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | PAYMENT IS RESULT OF SETTLEMENT AGREEMENT WITH PARTIES WHO AGREED TO REIMBURSE FOUNDATION FOR EXCESS FEES AND TRADE EXECUTION CHARGES PAID RESULTING IN UNNECESSARY INVESTMENT LOSSES | RelationshipStatementTxt |
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 AND TAX PREPARATION | CategoryTxt |
| Amt | $7,082 | Amt |
| Net Investment Income | $1,062 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $6,020 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $754,014 | EOYBookValueAmt |
| EOYFMV | $788,351 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $117,916 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $117,916 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INTEREST RECEIVABLE | Desc |
| BOY Book Value | $4,128 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EXPENSE | $210 | $31 | $179 |
| FILING FEES | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SETTLEMENT AGREEMENT | Desc |
| Revenue And Expenses Per Books | $93,500 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $93,500 | AdjustedNetIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX PAID | CategoryTxt |
| Amt | $223 | Amt |
| Net Investment Income | $223 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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