BETA

RUTH KERN FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
RUTH KERN FOUNDATION (EIN 27-2898229)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-10-02
IRS object ID
201912759349100011
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)
Return2019-10-02T15:58:26-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954440887PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Kramer Accountancy CorporationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1120 N Topanga Canyon Blvd Ste 111AddressLine1Txt
CityTopangaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90290ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN272898229EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUTH KERN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRUTHBusinessNameControlTxt
Phone2134893222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18225 CHAPIN LANEAddressLine1Txt
CitySUNLANDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91040ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL KENNEYPersonNm
Person TitleTrusteePersonTitleTxt
Signature2019-10-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRonald A KramerPreparerPersonNm
PTINP00000117PTIN
Phone3104559300PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,809,973FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$63,062DividendsRevAndExpnssAmt
Dividends Net Invst Incm$63,062DividendsNetInvstIncmAmt
Dividends Adj Net Incm$63,062DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$50,260NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$101,876GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$50,260CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$113,322TotalRevAndExpnssAmt
Total Net Invst Incm$113,322TotalNetInvstIncmAmt
Total Adj Net Incm$63,062TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$13,821CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$6,911CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$6,910CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$10,376LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$5,188LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$5,188LegalFeesDsbrsChrtblAmt
Interest Rev And Expnss$2InterestRevAndExpnssAmt
Interest Net Invst Incm$2InterestNetInvstIncmAmt
Taxes Rev And Expnss$1,031TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,031TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,539OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$2,539OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$27,769TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,132TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$14,637TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$95,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$95,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$122,769TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,132TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$109,637TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,447ExcessRevenueOverExpensesAmt
Net Investment Income$100,190NetInvestmentIncomeAmt
Adjusted Net Income$63,062AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$804,303OtherInvestmentsBOYAmt
Other Investments EOY$794,652OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,809,973OtherInvestmentsEOYFMVAmt
Total Assets BOY$804,303TotalAssetsBOYAmt
Total Assets EOY$794,652TotalAssetsEOYAmt
Total Assets EOYFMV$1,809,973TotalAssetsEOYFMVAmt
Other Liabilities BOY$1OtherLiabilitiesBOYAmt
Total Liabilities BOY$1TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$804,302CapitalStockBOYAmt
Capital Stock EOY$794,652CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$804,302TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$794,652TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$804,303TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$794,652TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$804,302TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,447ExcessRevenueOverExpensesAmt
Subtotal$794,855SubtotalAmt
Other Decreases$203OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$794,652TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
970 BANK OF AMERICAP2011-03-252018-08-28$24,250$22,141$2,109$2,109
1000 COUNTRYWIDE CAPP2010-11-232018-06-06$25,000$23,470$1,530$1,530
1000 INTELP1989-07-122018-03-09$5,062$95$4,967$4,967
550 INTELP1989-07-122018-08-06$26,347$522$25,825$25,825
100 MICROSOFT CORPP2004-03-192018-08-06$10,608$2,546$8,062$8,062
100 MICROSOFT CORPP2004-07-162018-08-06$10,609$2,842$7,767$7,767
FieldValueIRS element (for citing)
Capital Gain Net Income$50,260CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$107,256AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,815,130NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05909DistributionYr1Rt
Adjusted Qlfy Distri Yr2$92,686AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,635,363NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05668DistributionYr2Rt
Adjusted Qlfy Distri Yr3$93,241AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,641,888NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05679DistributionYr3Rt
Adjusted Qlfy Distri Yr4$58,265AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,588,228NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.03669DistributionYr4Rt
Adjusted Qlfy Distri Yr5$52,802AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,308,868NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04034DistributionYr5Rt
Total Distribution0.249583TotalDistributionRt
Average Distribution0.049917AverageDistributionRt
Net Vl Noncharitable Assets$1,923,676NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$96,024AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,002NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$97,026AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$109,637QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,002InvestmentIncomeExciseTaxAmt
Subtotal$1,002SubtotalAmt
Tax Based On Investment Income$1,002TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$41EsPenaltyAmt
Tax Due$1,043TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DANIEL KENNEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2134893222PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18225 CHAPIN LANEAddressLine1Txt
CitySUNLANDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91040ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDANIEL KENNEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1333 S HOPE ST STE 1000AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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$1,952,971AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,952,971TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,952,971AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$29,295CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,923,676NetVlNoncharitableAssetsAmt
Minimum Investment Return$96,184MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$96,184MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,002TaxBasedOnInvestmentIncomeAmt
Total Tax$1,002TotalTaxAmt
Distributable Before Adj$95,182DistributableBeforeAdjAmt
Distributable Before Ded$95,182DistributableBeforeDedAmt
Distributable As Adjusted$95,182DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$109,637ExpensesAndContributionsAmt
Qualifying Distributions$109,637QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,002PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$108,635AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$95,182DistributableAsAdjustedAmt
Undistributed Income PY$27,612UndistributedIncomePYAmt
Qualifying Distributions$109,637QualifyingDistributionsAmt
Applied To Year1$27,612AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$82,025AppliedToCurrentYearAmt
Undistributed Income CY$13,157UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSAN DIEGO COUNTY CITIZENS SCHOLARSHRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7484AddressLine1Txt
CitySAN DIEGOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92167ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501c3RecipientFoundationStatusTxt
Grant Or Contribution PurposeScholarship GrantGrantOrContributionPurposeTxt
Amt$95,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$95,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion$63,062ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$50,260RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$63,062ExclusionAmt
Related Or Exempt Function Incm$50,260RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$113,322TotalIncomeProducingActyAmt

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

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryHARRINGTON FOXX DUBROW & CANTERCategoryTxt
Legal Fees$10,376LegalFeesAmt
Net Investment Income$5,188NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$5,188DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescRECONCILIATION ADJUSTMENTDesc
Amt$203Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MISCELLANEOUS$26$26
TRUSTEE BOND$2,513$2,513

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescRoundingDesc
BOY Book Value$1BOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAXES$980$980
STATE TAXES$51$51

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