BETA

BAYLESS FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
BAYLESS FAMILY FOUNDATION (EIN 81-4588609)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-07-02
IRS object ID
201931839349100208
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)
Return2019-07-02T10:13:10-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363029663PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Digiovine Hnilo Jordan JohnsonBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1184 SHUMAN BLVD STE 200AddressLine1Txt
CityNAPERVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP605638514ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814588609EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BAYLESS FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBAYLBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1445 N CLARK STAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEANN BAYLESSPersonNm
Person TitlePresidentPersonTitleTxt
Signature2019-07-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH J OVERHOLT CPAPreparerPersonNm
PTINP00228190PTIN
Phone6304201360PhoneNum
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$5,158,911FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$200ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$96,205DividendsRevAndExpnssAmt
Dividends Net Invst Incm$96,205DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$60,872NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$74,126GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$60,872CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$63,895OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$63,895OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$221,172TotalRevAndExpnssAmt
Total Net Invst Incm$220,972TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$32,137CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$8,653OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$7,272TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,918TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,531OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,577OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$52,593TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,495TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$315,398ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$315,398ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$367,991TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,495TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$315,398TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$146,819ExcessRevenueOverExpensesAmt
Net Investment Income$215,477NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,169,900SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$764,993SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$764,993SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$4,207,139OtherInvestmentsBOYAmt
Other Investments EOY$4,465,227OtherInvestmentsEOYAmt
Other Investments EOYFMV$4,393,918OtherInvestmentsEOYFMVAmt
Total Assets BOY$5,377,039TotalAssetsBOYAmt
Total Assets EOY$5,230,220TotalAssetsEOYAmt
Total Assets EOYFMV$5,158,911TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$5,377,039RetainedEarningBOYAmt
Retained Earning EOY$5,230,220RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,377,039TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,230,220TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,377,039TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,230,220TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,377,039TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$146,819ExcessRevenueOverExpensesAmt
Subtotal$5,230,220SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,230,220TotNetAstOrFundBalancesEOYAmt

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
300 ROBERT HALF INTL INCP2017-08-162018-07-25$21,766$13,254$8,512$8,512
FIDELITY 7325P2010-01-012018-12-31$51,585$51,585$51,585
T2 REIT FUND K-1P2010-01-012018-12-31$775$775$775
FieldValueIRS element (for citing)
Capital Gain Net Income$60,872CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$8,512NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,310InvestmentIncomeExciseTaxAmt
Subtotal$4,310SubtotalAmt
Tax Based On Investment Income$4,310TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$2,500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,500TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$77EsPenaltyAmt
Tax Due$1,887TaxDueAmt

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
Org Report Or Register StateILOrgReportOrRegisterStateCd
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 Line1KEVIN SULLIVANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3126611434PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1445 N CLARK STAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60610ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
RICHARD L BAYLESS
445 N CLARK STCHICAGOIL60610Treasurer1.00$0
DEANN BAYLESS
445 N CLARK STCHICAGOIL60610President1.00$0
LANE BAYLESS SULLIVAN
2164 N CLAIREMONT 2FCHICAGOIL60647Secretary1.00$0
KEVIN SULLIVAN
2164 N CLAIREMONT 2FCHICAGOIL60647Director1.00$32,137
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$4,756,569AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$925,718AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,682,287TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$5,682,287AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$85,234CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,597,053NetVlNoncharitableAssetsAmt
Minimum Investment Return$279,853MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$279,853MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,310TaxBasedOnInvestmentIncomeAmt
Total Tax$4,310TotalTaxAmt
Distributable Before Adj$275,543DistributableBeforeAdjAmt
Distributable Before Ded$275,543DistributableBeforeDedAmt
Distributable As Adjusted$275,543DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$315,398ExpensesAndContributionsAmt
Qualifying Distributions$315,398QualifyingDistributionsAmt
Adjusted Qualifying Distri$315,398AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$275,543DistributableAsAdjustedAmt
Undistributed Income PY$52,898UndistributedIncomePYAmt
Qualifying Distributions$315,398QualifyingDistributionsAmt
Applied To Year1$52,898AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$262,500AppliedToCurrentYearAmt
Undistributed Income CY$13,043UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRICHARD L BAYLESSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PORCHLIGHT MUSIC THEATRE
1016 N DEARBORN STCHICAGOIL60610NONETO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS.$50,000
STEPPENWOLF THEATRE COMPANY
1650 N HALSTED STCHICAGOIL60614NONETO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS.$5,000
THE HOUSE THEATRE OF CHICAGO
4020 N ROCKWELL STCHICAGOIL60618NONETO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS.$2,500
ALBANY PARK THEATER PROJECT
5100 N RIDGEWAY AVECHICAGOIL60625NONETO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS.$50,000
SURABHI ENSEMBLE OF RAGAS
445 N CLARK STCHICAGOIL60654NONETO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS.$5,000
CHICAGO COMMUNITY TRUST
225 N MICHIGAN AVENUE SUITE 2200CHICAGOIL60601NONETO PROMOTE, ENCOURAGE, AND SUPPORT THE EXPRESSION OR APPLICATION OF HUMAN CREATIVE SKILL AND IMAGINATION THROUGH ALL FORMS OF THE ARTS, INCLUDING LITERATURE, PERFORMING ARTS, VISUAL ARTS, MEDIA ARTS, AND CULINARY ARTS.$202,898
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$315,398TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$96,205ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$63,895ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$60,872ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$220,972ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$220,972TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIDELITY INVESTMENTSAT COST$4,218,953$4,151,430
KOVITZ SECURITIESAT COST$246,274$242,488

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
FILING FEES$115
INVESTMENT FEES$2,577$2,577
PAYROLL FEES$1,839

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$63,895RevenueAndExpensesPerBooksAmt
Net Investment Income$63,895NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEESCategoryTxt
Amt$8,653Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAX$1,887
FOREIGN TAXES PAID$2,918$2,918
PAYROLL TAXES$2,467

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