INSPIRIT FUND: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
INSPIRIT FUND (EIN 46-3785697)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-16
IRS object ID
202033219349106668
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-16T15:29:45-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453807327PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BORCHARDT SENGER & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15975 S QUEBEC STREET STE 225AddressLine1Txt
CityCENTENNIALCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463785697EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INSPIRIT FUND INCBusinessNameLine1Txt
Business Name Line2CO BORCHARDT SENGER & ASSOCIATES LLCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINSPBusinessNameControlTxt
Phone8003785697PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15975 S QUEBEC ST STE 225AddressLine1Txt
CityCENTENNIALCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN BRADFORD KINGPersonNm
Person TitleCO-PRES/DIR/SECPersonTitleTxt
Signature2020-11-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELINDA BORCHARDTPreparerPersonNm
PTINP00303959PTIN
Phone3034887570PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,321,519FMVAssetsEOYAmt
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$725InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$725InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$120,400DividendsRevAndExpnssAmt
Dividends Net Invst Incm$116,384DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$339,026NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,746,058GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$339,026CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$460,151TotalRevAndExpnssAmt
Total Net Invst Incm$456,135TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$32,261OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$31,335OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$6,992TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3,992TaxesNetInvstIncmAmt
Occupancy Rev And Expnss$12,000OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$12,000OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,670OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,670OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$52,923TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$36,997TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$322,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$322,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$374,923TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$36,997TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$334,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$85,228ExcessRevenueOverExpensesAmt
Net Investment Income$419,138NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$292,136CashBOYAmt
Cash EOY$502,908CashEOYAmt
Cash EOYFMV$502,908CashEOYFMVAmt
Corporate Stock BOY$6,099,655CorporateStockBOYAmt
Corporate Stock EOY$6,599,702CorporateStockEOYAmt
Corporate Stock EOYFMV$6,936,937CorporateStockEOYFMVAmt
Other Investments BOY$2,354,037OtherInvestmentsBOYAmt
Other Investments EOY$1,828,446OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,881,674OtherInvestmentsEOYFMVAmt
Other Assets BOY$100,000OtherAssetsBOYAmt
Total Assets BOY$8,845,828TotalAssetsBOYAmt
Total Assets EOY$8,931,056TotalAssetsEOYAmt
Total Assets EOYFMV$9,321,519TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$8,845,828RetainedEarningBOYAmt
Retained Earning EOY$8,931,056RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,845,828TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,931,056TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,845,828TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,931,056TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,845,828TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$85,228ExcessRevenueOverExpensesAmt
Subtotal$8,931,056SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,931,056TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEYP2019-01-012019-12-31$549,194$509,759$39,435$39,435
MORGAN STANLEYP2019-01-012019-12-31$1,337,859$1,298,683$39,176$39,176
MORGAN STANLEYP2019-01-012019-12-31$430,152$424,475$5,677$5,677
MORGAN STANLEYP2019-01-012019-12-31$37,031$30,829$6,202$6,202
IRONWOOD MULTI-STRATEGYP2019-01-012019-12-31$224$224$224
BX TAX OPPS IIP2019-01-012019-12-31$24,237$24,237$24,237
IRONWOOD MULTI-STRATEGY-REDEMPTIONP2019-01-012019-12-31$400,000$393,286$6,714$6,714
ABS REDEMPTION GAINP2019-01-012019-12-31$845,875$750,000$95,875$95,875
Capital Gain Dividends$121,486
FieldValueIRS element (for citing)
Capital Gain Net Income$339,026CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$598,992AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$9,144,806NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.06550DistributionYr1Rt
Adjusted Qlfy Distri Yr2$360,821AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$9,725,795NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.03710DistributionYr2Rt
Adjusted Qlfy Distri Yr3$602,230AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$9,181,089NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.06560DistributionYr3Rt
Adjusted Qlfy Distri Yr4$419,600AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$10,006,872NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04193DistributionYr4Rt
Adjusted Qlfy Distri Yr5$79,092AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$10,043,624NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.00788DistributionYr5Rt
Total Distribution0.218001TotalDistributionRt
Average Distribution0.043600AverageDistributionRt
Net Vl Noncharitable Assets$8,857,134NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$386,171AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$4,191NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$390,362AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$334,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,383InvestmentIncomeExciseTaxAmt
Subtotal$8,383SubtotalAmt
Tax Based On Investment Income$8,383TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,933EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$5,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$7,933TotalPaymentsAndCreditsAmt
Tax Due$450TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MELINDA BORCHARDTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3034887570PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15975 S QUEBEC ST STEAddressLine1Txt
CityCENTENNIALCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JOHN BRADFORD KING
5975 S QUEBEC ST STE 225CENTENNIALCO80111CO-PRES/DIR/SEC10.00$0
PAMELA KING
5975 S QUEBEC ST STE 225CENTENNIALCO80111CO-PRES/DIR/TRE2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$5,880,975AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$410,981AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,700,058FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,992,014TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$8,992,014AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$134,880CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,857,134NetVlNoncharitableAssetsAmt
Minimum Investment Return$442,857MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$442,857MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,383TaxBasedOnInvestmentIncomeAmt
Total Tax$8,383TotalTaxAmt
Distributable Before Adj$434,474DistributableBeforeAdjAmt
Distributable Before Ded$434,474DistributableBeforeDedAmt
Distributable As Adjusted$434,474DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$334,000ExpensesAndContributionsAmt
Qualifying Distributions$334,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$334,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$434,474DistributableAsAdjustedAmt
Undistributed Income PY$321,108UndistributedIncomePYAmt
Qualifying Distributions$334,000QualifyingDistributionsAmt
Applied To Year1$321,108AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$12,892AppliedToCurrentYearAmt
Undistributed Income CY$421,582UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MORGAN STANLEY GLOBAL IMPACT FUNDIN
1177 6TH AVE 41ST FLRNEW YORKNY10036NONEGENERAL AND UNRESTRICTED$222,000
PASADENA PLAYHOUSE
39 S EL MOLINO AVEPASADENACA91101NONEGENERAL AND UNRESTRICTED$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$322,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$725ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$120,400ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$339,026ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$460,151ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$460,151TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescSERVICE FEESDesc
Revenue And Expenses Per Books$1,670RevenueAndExpensesPerBooksAmt
Net Investment Income$1,670NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVISORY FEES$29,167$29,167$0$0
PROFESSIONAL FEES$1,242$1,242$0$0
TAX PREPARATION$1,852$926$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXTENSION$3,000
FOREIGN TAXES PAID$3,992$3,992

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