ERNEST C AND MARION R KARRAS FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
ERNEST C AND MARION R KARRAS FAMILY FOUNDATION (EIN 27-1530381)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-06-27
IRS object ID
201911789349100611
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)
Return2019-06-27T13:48:42-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN472378004PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SWARTZ & REEDER ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1400 SKOKIE BLVD STE 290AddressLine1Txt
CityNORTHBROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP600627902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271530381EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ERNEST C AND MARION R KARRAS FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlERNEBusinessNameControlTxt
Phone6305799800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4942AddressLine1Txt
CityOAK BROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60522ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERNEST C KARRASPersonNm
Person TitleCO-TRUSTEEPersonTitleTxt
Phone6305799800PhoneNum
Signature2019-06-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARRY A SWARTZPreparerPersonNm
PTINP00057409PTIN
Phone8472415800PhoneNum
Preparation2019-06-27PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.16.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-06-27IPDt
IP Tm13:48:42IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id19C3764FD7E16FB4ACA36044FF05FC5449D87197AtSubmissionCreationDeviceId
At Submission Filing Device IdB3378FDA7FD6FCE78EA220F1EB933BEC585536A3AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$416,746FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$803InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$803InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$803InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$10,584DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,584DividendsNetInvstIncmAmt
Dividends Adj Net Incm$10,584DividendsAdjNetIncmAmt
Total Rev And Expnss$61,387TotalRevAndExpnssAmt
Total Net Invst Incm$11,387TotalNetInvstIncmAmt
Total Adj Net Incm$11,387TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$122OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$122TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$36,375ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$36,375ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$36,497TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$36,375TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$24,890ExcessRevenueOverExpensesAmt
Net Investment Income$11,387NetInvestmentIncomeAmt
Adjusted Net Income$11,387AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$391,856CashBOYAmt
Cash EOY$416,746CashEOYAmt
Cash EOYFMV$416,746CashEOYFMVAmt
Total Assets BOY$391,856TotalAssetsBOYAmt
Total Assets EOY$416,746TotalAssetsEOYAmt
Total Assets EOYFMV$416,746TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$391,856RetainedEarningBOYAmt
Retained Earning EOY$416,746RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$391,856TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$416,746TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$391,856TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$416,746TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$391,856TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$24,890ExcessRevenueOverExpensesAmt
Subtotal$416,746SubtotalAmt
Tot Net Ast Or Fund Balances EOY$416,746TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$17,550AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$251,058NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.069904DistributionYr1Rt
Adjusted Qlfy Distri Yr2$51,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$305,909NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.168351DistributionYr2Rt
Total Distribution0.238255TotalDistributionRt
Average Distribution0.119128AverageDistributionRt
Net Vl Noncharitable Assets$208,955NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$24,892AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$114NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$25,006AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$36,375QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$114InvestmentIncomeExciseTaxAmt
Subtotal$114SubtotalAmt
Tax Based On Investment Income$114TaxBasedOnInvestmentIncomeAmt
Tax Due$114TaxDueAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksERNEST C KARRASIndividualWithBooksNm
Phone6305799800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line175 FOREST GATE CIRAddressLine1Txt
CityOAK BROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60523ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ERNEST C KARRAS
75 FOREST GATE CIRCLEOAK BROOKIL60523CO-TRUSTEE000.00$0$0$0
MARION R KARRAS
75 FOREST GATE CIRCLEOAK BROOKIL60523CO-TRUSTEE000.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$212,137AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$212,137TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$212,137AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,182CashDeemedCharitableAmt
Net Vl Noncharitable Assets$208,955NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,448MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,448MinimumInvestmentReturnAmt
Tax Based On Investment Income$114TaxBasedOnInvestmentIncomeAmt
Total Tax$114TotalTaxAmt
Distributable Before Adj$10,334DistributableBeforeAdjAmt
Distributable Before Ded$10,334DistributableBeforeDedAmt
Distributable As Adjusted$10,334DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$36,375ExpensesAndContributionsAmt
Qualifying Distributions$36,375QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$114PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$36,261AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$10,334DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$35,851ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,005ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$40,856TotalExcessDistributionCyovAmt
Qualifying Distributions$36,375QualifyingDistributionsAmt
Applied To Current Year$10,334AppliedToCurrentYearAmt
Remaining Distri From Corpus$26,041RemainingDistriFromCorpusAmt
Total Corpus$66,897TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$66,897ExcessDistriCyovToNextYrAmt
Excess From Year2$35,851ExcessFromYear2Amt
Excess From Year1$5,005ExcessFromYear1Amt
Excess From Current Year$26,041ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ST JUDE CHILDRENS HOSPITAL
501 ST JUDE PLACEMENPHISTN38105RESEARCH$250
NORTHWESTERN UNIVERSITY
1201 DAVIS STREETEVANSTONIL60208RESERCH$1,000
UNIVERSITY OF ILLINOIS
1305 W GREEN STREETURBANAIL61801EDUCATION$5,000
ART INSTITUTE OF CHICAGO
111 S MICHIGAN AVECHICAGOIL60661EDUCATION$250
HOLY APOSTLES PHILOPTOCHOS
2501 S WOLF RDWESTCHESTERIL60154RELIGIOUS$1,000
HOLY APOSTLES CHURCH
2501 S WOLF RDWESTCHESTERIL60154RELIGIOUS$3,000
METROPOLIS OF CHGO PHILOPTOCHOS
40 E BURTON PLACECHICAGOIL60610RELIGOUS$1,000
CHICAGO SYMPHONY ORCHESTRA
220 S MICHIGANCHICAGOIL60604MUSIC EDUCATION$750
INTERNATIONAL ORTHODOX CHARITIES
110 WEST ROAD SUITE 360BALTIMOREMD21204RELIGIOUS$1,375
ASSUMPTION CHURCH
601 S CENTRALCHICAGOIL60644RELIGIOUS$3,250
TIMOTHY CHRISTIAN SCHOOL
188 W BUTTERFIELD RDELMHURSTIL60126EDUCATION$1,000
SIGMA DHI DELTA
901 WEST ILLINOIS STURBANAIL61801EDUCATION$3,000
LURIE'S CHILDREN FOUNDATION
225 E CHICAGO AVECHICAGOIL60611RESEARCH$250
BENET ACADEMY
2200 MAPLE AVELISLEIL60532EDUCATION$250
ST IAKOVOS RETREAT CENTER
920 224TH AVEKANSASVILLEWI53139RELIGIOUS$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$36,375TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$803RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,584RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,387RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,387TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonERNEST C KARRASContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line175 FOREST GATE CIRCLEAddressLine1Txt
CityOAK BROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60523ZIPCd
FieldValueIRS element (for citing)
Total Contributions$50,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
LICENSE AND PERMITS$23
POSTAGE$70
OFFICE EXPENSES$29

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