RED JET FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- RED JET FOUNDATION (EIN 41-2021695)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-02
- IRS object ID
- 202033079349100423
- 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
- Schedule B
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Land Etc Schedule2
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-02T10:59:24-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WIPFLI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7601 FRANCE AVENUE SOUTH SUITE 400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55435 | 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 | 412021695 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RED JET FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REDJ | BusinessNameControlTxt |
| Phone | 7634490245 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 OAKVIEW ROAD | AddressLine1Txt |
| City | MEDINA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 553569595 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL J SULLIVAN III | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7634490245 | PhoneNum |
| Signature | 2020-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAURA C GUST CPA | PreparerPersonNm |
| PTIN | P01249425 | PTIN |
| Phone | 9525483400 | PhoneNum |
| Preparation | 2020-10-31 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 172.58.84.180 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-31 | IPDt |
| IP Tm | 15:17:52 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5AC857369B17848D94A05B6DA309AFAE5B9B08E3 | 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 | $1,251,790 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $45,256 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $26 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $26 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $26 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$748 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $24,508 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $44,534 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $26 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $26 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $54,791 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $55,433 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $34,058 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $34,058 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $88,849 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $55,433 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $34,058 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $88,849 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $55,433 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $34,058 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$44,315 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $26 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $10,436 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $20,912 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $20,912 | SavAndTempCashInvstEOYFMVAmt |
| Inventories BOY | $699,496 | InventoriesBOYAmt |
| Inventories EOY | $699,496 | InventoriesEOYAmt |
| Inventories EOYFMV | $699,496 | InventoriesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,132,362 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $600,980 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $586,173 | LandBOYAmt |
| Land EOY | $531,382 | LandEOYAmt |
| Land EOYFMV | $531,382 | LandEOYFMVAmt |
| Total Assets BOY | $1,296,105 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,251,790 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,251,790 | 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 | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,296,105 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,251,790 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,296,105 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,251,790 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,296,105 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$44,315 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $1,251,790 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,251,790 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | STIFFEL 0754 | PropertyDesc |
| Gross Sales Price | $24,508 | GrossSalesPriceAmt |
| Cost Or Other Basis | $25,256 | CostOrOtherBasisAmt |
| Gain Or Loss | -$748 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$748 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$748 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$748 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $63,232 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $45,914 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 1.377183 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $73,892 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $153,731 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.480658 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $64,881 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $136,784 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.474332 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $32,599 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $19,642 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 1.659658 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $42,657 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $13,059 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 3.266483 | DistributionYr5Rt |
| Total Distribution | 7.258314 | TotalDistributionRt |
| Average Distribution | 1.451663 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $14,584 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $21,171 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $0 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $21,171 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $34,058 | 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 | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,763 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $3,763 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,763 | OverpaymentAmt |
| Applied To ES Tax | $3,763 | 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 | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | 0 | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | DANIEL J SULLIVAN III | IndividualWithBooksNm |
| Phone | 7634731550 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 OAKVIEW ROAD | AddressLine1Txt |
| City | MEDINA | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | 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 |
|---|---|---|---|---|---|---|---|---|
| DANIEL J SULLIVAN III | ||||||||
| 1245 OAKVIEW ROAD | MEDINA | MN | 55356 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| CHRISTA H SULLIVAN | ||||||||
| 1245 OAKVIEW ROAD | MEDINA | MN | 55356 | TREASURER | 0.00 | $0 | $0 | $0 |
| DANIEL J SULLIVAN JR | ||||||||
| 10617 NORTH 83RD STREET | SCOTTSDALE | AZ | 85260 | DIRECTOR | 0.00 | $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 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ANOKA COUNTY AIRPORT, BLAINE, MN JUNE 2019THE L-39 AIRCRAFT PERFORMED FORMATION FLIGHT DEMONSTRATIONS. THE AIRCRAFT AND PILOT ALSO PARTICIPATED IN STATIC DISPLAY DEMONSTRATIONS AND CROWD INTERACTIONS: PICTURES WITH CHILDREN PROVIDING EDUCATION INFORMATION TO THE VIEWING PUBLICAPPROXIMATELY 5,000 PEOPLE ATTENDED THE AIR SHOW. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Description2 | WITTMAN AIRPORT, OSHKOSH, WI, JULY 2019THE MIG 17 STATIC DISPLAY PROVIDING EDUCATION INFORMATION TO THE VIEWING PUBLICAPPROXIMATELY 3,000 PEOPLE ATTENDED THE AIR SHOW. | Description2Txt |
| Expenses2 | $0 | Expenses2Amt |
| Description3 | AIREXPO 2019, EDEN PRAIRIE, MN, JULY 2019THE L-39 AIRCRAFT PERFORMED FORMATION FLIGHT AND STATIC DEMONSTRATIONS. PROVIDING EDUCATION INFORMATION TO THE VIEWING PUBLIC.APPROXIMATELY 10,000 PEOPLE ATTENDED. | Description3Txt |
| Expenses3 | $0 | Expenses3Amt |
| Description4 | NORTHERN ILLINOIS AIRSHOW, WAUKEGAN, IL SEPTEMBER 2019THE L-39 AIRCRAFT PERFORMED FORMATION FLIGHT AND STATIC DEMONSTRATIONS. PROVIDING EDUCATION INFORMATION TO THE VIEWING PUBLIC.APPROXIMATELY 8,000 PEOPLE ATTENDED. | Description4Txt |
| Expenses4 | $0 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $14,806 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,806 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,806 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $222 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,584 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $729 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $34,058 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $34,058 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $34,058 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2003-07-01 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $34,058 | CurrentYearAmt |
| Year1 | $63,232 | Year1Amt |
| Year2 | $73,892 | Year2Amt |
| Year3 | $64,881 | Year3Amt |
| Total | $236,063 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $34,058 | CurrentYearAmt |
| Year1 | $63,232 | Year1Amt |
| Year2 | $73,892 | Year2Amt |
| Year3 | $64,881 | Year3Amt |
| Total | $236,063 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,251,790 | CurrentYearAmt |
| Year1 | $1,296,105 | Year1Amt |
| Year2 | $1,329,332 | Year2Amt |
| Year3 | $1,480,185 | Year3Amt |
| Total | $5,357,412 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,230,878 | CurrentYearAmt |
| Year1 | $1,285,669 | Year1Amt |
| Year2 | $1,263,762 | Year2Amt |
| Year3 | $1,191,697 | Year3Amt |
| Total | $4,972,006 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $486 | CurrentYearAmt |
| Year1 | $1,531 | Year1Amt |
| Year2 | $5,125 | Year2Amt |
| Year3 | $4,559 | Year3Amt |
| Total | $11,701 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DANIEL J SULLIVAN III | ContributingManagerNm |
| Contributing Manager | CHRISTA H SULLIVAN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $26 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$748 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$722 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$722 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| DANIEL AND CHRISTA SULLIVAN | |||||||
| 1 | 1245 OAKVIEW ROAD | MEDINA | MN | 55356 | $20,000 | Yes (X) | |
| DANIEL AND CHRISTA SULLIVAN | |||||||
| 2 | 1245 OAKVIEW ROAD | MEDINA | MN | 55356 | $25,256 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | 25 SHS OF AUTOZONE INC | NoncashPropertyDesc |
| Fair Market Value | $25,256 | FairMarketValueAmt |
| Received | 2019-05-08 | ReceivedDt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
| Amt | $0 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (11 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| L-29 JET | 2001-12-05 | $90,000 | $81,000 | SL | 20.000000000000 | $4,500 | $0 | $4,500 |
| L-39 JET | 2001-12-05 | $650,000 | $333,000 | SL | 20.000000000000 | $32,500 | $0 | $32,500 |
| MIG-17 JET | 2001-12-05 | $150,000 | $107,000 | SL | 20.000000000000 | $7,500 | $0 | $7,500 |
| PARTS EJECTION | 2012-07-18 | $34,259 | $17,129 | 200DB | 5.000000000000 | $0 | $0 | $0 |
| TRAILER | 2013-12-09 | $1,572 | $786 | 200DB | 5.000000000000 | $0 | $0 | $0 |
| PARACHUTE | 2015-08-04 | $3,234 | $1,112 | 200DB | 7.000000000000 | $144 | $0 | $462 |
| PARACHUTE | 2015-09-16 | $3,297 | $1,133 | 200DB | 7.000000000000 | $147 | $0 | $471 |
| JET REPAIRS | 2017-07-19 | $50,000 | $3,542 | SL | 20.000000000000 | $2,500 | $0 | $2,500 |
| JET REPAIRS | 2017-08-11 | $70,000 | $4,958 | SL | 20.000000000000 | $3,500 | $0 | $3,500 |
| JET CAPITALIZED MAINT | 2017-01-01 | $40,000 | $4,000 | SL | 20.000000000000 | $2,000 | $0 | $2,000 |
| JET CAP MAINT | 2017-06-01 | $40,000 | $3,167 | SL | 20.000000000000 | $2,000 | $0 | $2,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| L-29 JET | $90,000 | $85,500 | $4,500 |
| L-39 JET | $650,000 | $365,500 | $284,500 |
| MIG-17 JET | $150,000 | $114,500 | $35,500 |
| PARTS EJECTION | $34,259 | $34,259 | $0 |
| TRAILER | $1,572 | $1,572 | $0 |
| PARACHUTE | $3,234 | $2,873 | $361 |
| PARACHUTE | $3,297 | $2,929 | $368 |
| JET REPAIRS | $50,000 | $6,042 | $43,958 |
| JET REPAIRS | $70,000 | $8,458 | $61,542 |
| JET CAPITALIZED MAINT | $40,000 | $6,000 | $34,000 |
| JET CAP MAINT | $40,000 | $5,167 | $34,833 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MN REGISTRATION | $390 | $0 | $0 | $390 |
| SUPPLIES/OXYGEN | $2,613 | $0 | $0 | $2,613 |
| MAINTENANCE | $2,538 | $0 | $0 | $2,538 |
| JET FUEL | $15,893 | $0 | $0 | $15,893 |
| MISCELLANEOUS | $199 | $0 | $0 | $199 |
| INSURANCE | $10,500 | $0 | $0 | $10,500 |
| AIR SHOW | $1,795 | $0 | $0 | $1,795 |
| BANK FEES | $130 | $0 | $0 | $130 |