LUCILLE AND VIC WERTZ FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- LUCILLE AND VIC WERTZ FOUNDATION (EIN 38-2932817)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-10-09
- IRS object ID
- 201922829349100307
- 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
- Form 990-PF
- Accounting Fees Schedule
- Dissolution Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-10-09T10:55:35-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362985770 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SELDEN FOX LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 619 ENTERPRISE DRIVE | AddressLine1Txt |
| City | OAK BROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 605238835 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382932817 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUCILLE AND VIC WERTZ FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O DR RICHARD CALEEL | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LUCI | BusinessNameControlTxt |
| Phone | 7083019175 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15437 WEATHER VANE LANE | AddressLine1Txt |
| City | HOMER GLEN | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60491 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GEORGE SARKIS CALEEL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6304600094 | PhoneNum |
| Signature | 2019-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PAUL J ROZEK | PreparerPersonNm |
| PTIN | P00542258 | PTIN |
| Phone | 6309541400 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.201.115.82 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-14 | IPDt |
| IP Tm | 07:41:18 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DE88EBB26F1AA656D8C3B164115C4F11AE09418D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DE88EBB26F1AA656D8C3B164115C4F11AE09418D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,222,028 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,306 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,306 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $89,670 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $89,670 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $184,272 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,158,432 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $184,272 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $275,248 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $275,248 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $117,200 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $64,460 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $52,740 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,614 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $2,807 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,807 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $27,925 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $13,963 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $13,962 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $26,830 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $26,830 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $23,123 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $17,040 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $6,083 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $200,692 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $125,100 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $75,592 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,181,632 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $115,293 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,382,324 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $125,100 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $190,885 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,107,076 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $150,148 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $25,684 | CashBOYAmt |
| Cash EOY | $13,287 | CashEOYAmt |
| Cash EOYFMV | $13,287 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $253,822 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $221,557 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $221,557 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $3,082,096 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,403,337 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,654,710 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $689,989 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $344,772 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $332,474 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $4,051,591 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,982,953 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,222,028 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $4,051,591 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,982,953 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,051,591 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,982,953 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,051,591 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,982,953 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,051,591 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,107,076 | ExcessRevenueOverExpensesAmt |
| Other Increases | $38,438 | OtherIncreasesAmt |
| Subtotal | $1,982,953 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,982,953 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| JPMORGAN #05220 - VARIOUS SHORT-TERM - SEE ATTACHED | P | 2018-01-01 | 2018-12-31 | $238,670 | $240,824 | -$2,154 | -$2,154 |
| JPMORGAN #05220 - VARIOUS LONG-TERM - SEE ATTACHED | P | 2001-01-01 | 2018-12-31 | $27,287 | $24,935 | $2,352 | $2,352 |
| JPMORGAN #25812 - VARIOUS SHORT-TERM - SEE ATTACHED | P | 2018-01-01 | 2018-12-31 | $51,319 | $61,752 | -$10,433 | -$10,433 |
| JPMORGAN #25812 - VARIOUS LONG-TERM - SEE ATTACHED | P | 2001-01-01 | 2018-12-31 | $670,678 | $494,120 | $176,558 | $176,558 |
| JPMORGAN #06825 - VARIOUS LONG-TERM - SEE ATTACHED | P | 2001-01-01 | 2018-12-31 | $69,142 | $64,279 | $4,863 | $4,863 |
| JPMORGAN #50355 - VARIOUS SHORT-TERM - SEE ATTACHED | P | 2018-01-01 | 2018-12-31 | $85,594 | $88,250 | -$2,656 | -$2,656 |
| CAPITAL GAINS DIVIDENDS | P | $15,742 | $15,742 | $15,742 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $184,272 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $244,584 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $5,037,702 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.048551 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $241,815 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $4,667,845 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051804 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $238,001 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $4,904,159 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.048530 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $246,574 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $4,929,845 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.050017 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $243,398 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,661,456 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.052215 | DistributionYr5Rt |
| Total Distribution | 0.251117 | TotalDistributionRt |
| Average Distribution | 0.050223 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,676,440 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $184,642 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,501 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $186,143 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $190,885 | 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 | $1,501 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,501 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,501 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,200 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $13,200 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $11,699 | OverpaymentAmt |
| Applied To ES Tax | $1,520 | AppliedToESTaxAmt |
| Refund | $10,179 | 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 | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | DR RICHARD T CALEEL | IndividualWithBooksNm |
| Phone | 7083019175 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2004 SANDY PLACE | AddressLine1Txt |
| City | MONTECITO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93108 | 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 | Yes (1) | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| DR RICHARD CALEEL | ||||||||
| 2004 SANDY PLACE | MONTECITO | CA | 93108 | VICE PRESIDENT/SECRETARY | 8.00 | $54,500 | $0 | $0 |
| GEORGE SARKIS CALEEL | ||||||||
| 716 SOUTH STOUGH ST | HINSDALE | IL | 60521 | PRESIDENT | 1.00 | $54,500 | $0 | $0 |
| GIOVANNA CALEEL | ||||||||
| 754 GREENWICH UNIT 1B | NEW YORK | NY | 10014 | TRUSTEE | 1.00 | $4,100 | $0 | $0 |
| ALTA CALEEL | ||||||||
| 865 E 22ND ST UNIT B504 | LOMBARD | IL | 60148 | TRUSTEE | 1.00 | $4,100 | $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 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,452,920 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $279,506 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,732,426 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,732,426 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $55,986 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,676,440 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $183,822 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $183,822 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,501 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,501 | TotalTaxAmt |
| Distributable Before Adj | $182,321 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $182,321 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $182,321 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $190,885 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $190,885 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,501 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $189,384 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $182,321 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $151,423 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $190,885 | QualifyingDistributionsAmt |
| Applied To Year1 | $151,423 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $39,462 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $142,859 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CEDARS OF LEBANON FOUNDATION | |||||||
| 15437 WEATHER VANE LANE | HOMER GLEN | IL | 60491 | NONE | EXEMPT - PF | UNRESTRICTED | $115,293 |
| CALEEL FOUNDATION INC | |||||||
| 2 NATOMA DRIVE | OAK BROOK | IL | 60523 | RELATED ENTITY | EXEMPT - PF | UNRESTRICTED | $2,066,339 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,181,632 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,306 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $89,670 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $184,272 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $275,248 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $275,248 | 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 | Yes (1) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CALEEL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | PRIVATE FOUNDATION | OrganizationTypeDesc |
| Relationship Description | THE LUCILLE AND VIC WERTZ FOUNDATION IS IN THE PROCESS OF DISSOLVING OVER A TWO YEAR SPAN. IN 2018, SECURITIES VALUED AT $2,635,729 WAS TRANSFERRED TO THE CALEEL FOUNDATION INC. (EIN: 83-0796134) | RelationshipDescriptionTxt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $27,925 | Amt |
| Net Investment Income | $13,963 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $13,962 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CALEEL FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 NATOMA DRIVE | AddressLine1Txt |
| City | OAK BROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60523 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | CASH AND SECURITIES WITH A BOOK VALUE OF $2,066,339 AND A FAIR MARKET VALUE OF $2,635,729. | ShortExplanationTxt |
| Dissolution | $2,635,729 | DissolutionAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | JP MORGAN CHASE | BondNm |
| EOY Book Value | $344,772 | EOYBookValueAmt |
| EOYFMV | $332,474 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | JP MORGAN CHASE | StockNm |
| EOY Book Value | $1,403,337 | EOYBookValueAmt |
| EOYFMV | $1,654,710 | EOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE LUCILLE AND VIC WERTZ FOUNDATION IS IN THE PROCESS OF LIQUIDATING IN 2018 AND 2019. A SUBSTANTIAL CONTRACTION OCCURRED IN 2018 AS SECURITIES VALUED AT $2,635,729 WERE TRANSFERRED TO THE CALEEL FOUNDATION INC. (EIN: 83-0796134). SEE ATTACHED BOARD OF DIRECTORS MINUTES EXPLAINING THE LIQUIDATION. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $5,614 | LegalFeesAmt |
| Net Investment Income | $2,807 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,807 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| COMPUTER EXPENSE | $4,140 | $2,070 | $2,070 |
| INVESTMENT ADVISORY FEES | $10,958 | $10,958 | $0 |
| OFFICE EXPENSE | $2,068 | $1,034 | $1,034 |
| TELEPHONE | $202 | $101 | $101 |
| TRAVEL | $5,755 | $2,877 | $2,878 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR YEAR DONATION BV>FMV | Desc |
| Amt | $38,438 | Amt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | REASONABLE CAUSE WAIVER REQUEST - IRC 6651, FAILURE TO FILE PENALTYLATE RETURN FILED DUE TO CCH SOFTWARE OUTAGE. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ANNUAL REPORT FEE | $25 | $25 | $0 |
| FEDERAL EXCISE TAXES | $25,567 | $25,567 | $0 |
| INVESTMENT FOREIGN TAXES | $1,238 | $1,238 | $0 |