THE CHARLESS FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE CHARLESS FOUNDATION (EIN 43-0666753)
Tax period
2018-11-01 to 2019-10-31
Filed
2019-11-25
IRS object ID
201913299349100856
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-25T16:08:36-06:00ReturnTs
Tax Period End2019-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN431533361PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MADDOCKHENSON PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15353 S LINDBERGH BLVD STE 200AddressLine1Txt
CityST LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP631263520ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN430666753EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CHARLESS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHARBusinessNameControlTxt
Phone3148948400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15353 SOUTH LINDBERGH SUITE 200AddressLine1Txt
CityST LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63126ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID STREETTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3144814840PhoneNum
Signature2019-11-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN M HENSONPreparerPersonNm
PTINP00546132PTIN
Phone3148948400PhoneNum
Preparation2019-11-20PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.35.170.202IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-25IPDt
IP Tm16:08:36IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB9228F7E69232EBEBC795830F2E852EBEC9B0BFDAtSubmissionCreationDeviceId
At Submission Filing Device IdB9228F7E69232EBEBC795830F2E852EBEC9B0BFDAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$87,569FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,860InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,860InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,710NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$46,653GrossSalesPriceAmt
Other Income Rev And Expnss$9OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$159TotalRevAndExpnssAmt
Total Net Invst Incm$1,860TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$1,018LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$4,390AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$198OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$198OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$33TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,639TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$198TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,639TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$198TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,480ExcessRevenueOverExpensesAmt
Net Investment Income$1,662NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$43,489SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$86,309SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$86,309SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$48,363CorporateStockBOYAmt
Other Assets BOY$1,318OtherAssetsBOYAmt
Other Assets EOY$1,260OtherAssetsEOYAmt
Other Assets EOYFMV$1,260OtherAssetsEOYFMVAmt
Total Assets BOY$93,170TotalAssetsBOYAmt
Total Assets EOY$87,569TotalAssetsEOYAmt
Total Assets EOYFMV$87,569TotalAssetsEOYFMVAmt
Other Liabilities BOY$154OtherLiabilitiesBOYAmt
Other Liabilities EOY$33OtherLiabilitiesEOYAmt
Total Liabilities BOY$154TotalLiabilitiesBOYAmt
Total Liabilities EOY$33TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$93,016UnrestrictedBOYAmt
Unrestricted EOY$87,536UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$93,016TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$87,536TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$93,170TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$87,569TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$93,016TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,480ExcessRevenueOverExpensesAmt
Subtotal$87,536SubtotalAmt
Tot Net Ast Or Fund Balances EOY$87,536TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BANK OF AMERICA 4% PFD SER 4 BML+JP2017-07-202019-05-02$22,066$24,320-$2,254-$2,254
THE GOLDMAN SACHS 6.2% PFD SER B BS+P2017-06-192019-05-02$4,017$3,942$75$75
WELLS FARGO 5.625% PRD SER Y WFC+YP2017-05-152019-05-02$20,570$20,101$469$469
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,710CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$90,096NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$6,791,881AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$4,527,050NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.500288DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$8,397,517NetVlNoncharitableAssetsYr3Amt
Net Vl Noncharitable Assets Yr4$8,200,128NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$1,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,898,448NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.000127DistributionYr5Rt
Total Distribution1.500415TotalDistributionRt
Average Distribution0.750208AverageDistributionRt
Net Vl Noncharitable Assets$85,792NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$64,362AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$17NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$64,379AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$33InvestmentIncomeExciseTaxAmt
Subtotal$33SubtotalAmt
Tax Based On Investment Income$33TaxBasedOnInvestmentIncomeAmt
Tax Due$33TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 StateMOOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.GUIDESTAR.ORGWebsiteAddressTxt
Individual With BooksMADDOCKHENSON PCIndividualWithBooksNm
Phone3148948400PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15353 SOUTH LINDBERGH STE 200AddressLine1Txt
CityST LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63126ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CAROL GASKIN
11 ST ANDREWS DRST LOUISMO63124DIRECTOR000.00$0$0$0
BETSY PHELAN
6 TOWN AND COUNTRY DRST LOUISMO63124DIRECTOR000.00$0$0$0
STACEY MCKINNEY
23 BROOKMILL LANEST LOUISMO63017SECRETARY/TR000.00$0$0$0
SUE MOORE
7 LINDWORTH LANEST LOUISMO63124DIRECTOR000.00$0$0$0
SALLY LILLY
230 S BRENTWOOD BLVD UNIT 17AST LOUISMO63105DIRECTOR000.00$0$0$0
ANN MCCANDLESS
750 S HANLEY ROAD UNIT 16ST LOUISMO63105DIRECTOR000.00$0$0$0
DESSA MORROW
330 CARLYLE LAKE DRST LOUISMO63141DIRECTOR000.00$0$0$0
DAVID STREETT
439 S KIRKWOOD RD STE 204KIRKWOODMO63122PRESIDENT000.00$0$0$0
JOHN ROWE
1630 DES PERES RDST LOUISMO63131DIRECTOR000.00$0$0$0
JIM FULLINWIDER
1815 CRITTENDEN STST LOUISMO63118VICE PRESIDE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$22,401AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$64,697AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$87,098TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$87,098AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,306CashDeemedCharitableAmt
Net Vl Noncharitable Assets$85,792NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,290MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,290MinimumInvestmentReturnAmt
Tax Based On Investment Income$33TaxBasedOnInvestmentIncomeAmt
Total Tax$33TotalTaxAmt
Distributable Before Adj$4,257DistributableBeforeAdjAmt
Distributable Before Ded$4,257DistributableBeforeDedAmt
Distributable As Adjusted$4,257DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,257DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$6,566,177ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$6,566,177TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$4,257ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,257ExcessDistributionCyovAppCYAmt
Total Corpus$6,561,920TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$6,561,920ExcessDistriCyovToNextYrAmt
Excess From Year2$6,561,920ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,860ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$1,710ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescCLASS ACTION SETTLEMENTSDesc
Exclusion14ExclusionCd
Exclusion$9ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$159ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$159TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$4,390Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNm
1000SHS BANK OF AMERICA 4% PREFERRED
150 SHS GOLDMAN SACHS 6.2% PREFERRED
800 SHS WELLS FARGO 5.625% PREFERRED

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGALCategoryTxt
Legal Fees$1,018LegalFeesAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CEMETARY LOTS$1,260$1,260$1,260
ACCRUED INTEREST$58

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescCLASS ACTION SETTLEMENTSDesc
Revenue And Expenses Per Books$9RevenueAndExpensesPerBooksAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescEXCISE TAX PAYABLEDesc
BOY Book Value$154BOYBookValueAmt
EOY Book Value$33EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT ADVISORY FEECategoryTxt
Amt$198Amt
Net Investment Income$198NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAX - 10/31/19CategoryTxt
Amt$33Amt

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