BETA

SINGLETON FOUNDATION FOR FINANCIAL LITERACY AND ENTREPRENEURSHIP: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
SINGLETON FOUNDATION FOR FINANCIAL LITERACY AND ENTREPRENEURSHIP (EIN 47-5679434)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-07-12
IRS object ID
201941939349100509
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)
Return2019-07-12T14:06:49-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261185944PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JEAN M GADEA CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1505 N ALVERNON WAYAddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85711ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475679434EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SINGLETON FOUNDATION FOR FINANCIALBusinessNameLine1Txt
Business Name Line2LITERACY AND ENTREPRENEURSHIPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSINGBusinessNameControlTxt
Phone6266398259PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1212 26TH STREET 208AddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90402ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM SINGLETONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6266398259PhoneNum
Signature2019-06-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEAN M GADEAPreparerPersonNm
PTINP00166422PTIN
Phone5203261540PhoneNum
Preparation2019-07-01PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address52.38.98.93IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-07-01IPDt
IP Tm13:58:55IPTm
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF55B6701B91437EA36EDB05A9E22BBD8AACA302BAtSubmissionCreationDeviceId
At Submission Filing Device IdA522010E8DFB79C61586181B1973EC8D75E12575AtSubmissionFilingDeviceId
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$1,089,444FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,798,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$2,798,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$176,195CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$176,195CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$277,087OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$277,087OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$49,832PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$49,832PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$160,439LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$160,439LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$23,365AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$23,365AccountingFeesChrtblPrpsAmt
Occupancy Rev And Expnss$48,769OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$48,769OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$3,855TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$3,855TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,781,166OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,781,166OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,520,708TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,520,708TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,520,708TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,520,708TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$277,292ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$27,305CashBOYAmt
Cash EOY$1,083,393CashEOYAmt
Cash EOYFMV$1,083,393CashEOYFMVAmt
Prepaid Expenses BOY$675PrepaidExpensesBOYAmt
Prepaid Expenses EOY$900PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$900PrepaidExpensesEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$5,151LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$343LandBldgEquipAccumDeprecAmt
Land EOY$4,808LandEOYAmt
Land EOYFMV$5,151LandEOYFMVAmt
Total Assets BOY$27,980TotalAssetsBOYAmt
Total Assets EOY$1,089,101TotalAssetsEOYAmt
Total Assets EOYFMV$1,089,444TotalAssetsEOYFMVAmt
Accounts Payable BOY$19,617AccountsPayableBOYAmt
Accounts Payable EOY$803,446AccountsPayableEOYAmt
Total Liabilities BOY$19,617TotalLiabilitiesBOYAmt
Total Liabilities EOY$803,446TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$8,363UnrestrictedBOYAmt
Unrestricted EOY$285,655UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$8,363TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$285,655TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$27,980TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,089,101TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,363TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$277,292ExcessRevenueOverExpensesAmt
Subtotal$285,655SubtotalAmt
Tot Net Ast Or Fund Balances EOY$285,655TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$268,863AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$29,550NetVlNoncharitableAssetsYr1Amt
Distribution Yr19.098579DistributionYr1Rt
Adjusted Qlfy Distri Yr2$272,774AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$19,700NetVlNoncharitableAssetsYr2Amt
Distribution Yr213.846396DistributionYr2Rt
Total Distribution22.944975TotalDistributionRt
Average Distribution11.472488AverageDistributionRt
Net Vl Noncharitable Assets$334,825NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,841,276AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$3,841,276AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,520,708QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.SINGLETONFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone6266398259PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1212 26TH STREET 208AddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90402ZIPCd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WILLIAM SINGLETON
212 26TH STREET 208SANTA MONICACA90402PRESIDENT10.00$0$0$0
CAROLYN SINGLETON
212 26TH STREET 208SANTA MONICACA90402VICE PRESIDE10.00$0$0$0
JEAN GADEA
212 26TH STREET 208SANTA MONICACA90402SECRETARY/TR2.00$0$0$0
WILL THORNDIKE
212 26TH STREET 208SANTA MONICACA90402DIRECTOR2.00$0$0$0
SHELLEY MILES
212 26TH STREET 208SANTA MONICACA90402CEO40.00$176,195$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k4OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1TO PROMOTE FINANCIAL LITERACY AND ENTREPRENEURSHIP FOR EVERYONE. THE SINGLETON FOUNDATION WORKS TO RAISE AWARENESS, EFFECT CHANGE AND IMPROVE LIVES THROUGH A VARIETY OF PROGRAMS, INCLUDING DIGITAL OUTREACH, EDUCATIONAL ADVOCACY, SOCIAL IMPACT PARTNERSHIPS, GAMING, AND OUR SINGLETON CEO PRIZE FOR EXCELLENCE IN BUSINESS LEADERSHIP.Description1Txt
Expenses1$2,520,708Expenses1Amt

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$334,924AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$339,924TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$339,924AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,099CashDeemedCharitableAmt
Net Vl Noncharitable Assets$334,825NetVlNoncharitableAssetsAmt
Minimum Investment Return$16,741MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,520,708ExpensesAndContributionsAmt
Qualifying Distributions$2,520,708QualifyingDistributionsAmt
Adjusted Qualifying Distri$2,520,708AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$2,520,708QualifyingDistributionsAmt
Remaining Distri From Corpus$2,520,708RemainingDistriFromCorpusAmt
Total Corpus$2,520,708TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2015-11-19PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$2,520,708CurrentYearAmt
Year1$268,863Year1Amt
Year2$272,774Year2Amt
Total$3,062,345TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$2,520,708CurrentYearAmt
Year1$268,863Year1Amt
Year2$272,774Year2Amt
Total$3,062,345TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$11,161CurrentYearAmt
Year1$985Year1Amt
Year2$657Year2Amt
Total$12,803TotalAmt

Supplementary Information SupplementaryInformationGrp

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

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
WILLIAM SINGLETON
1212 26TH STREET 208SANTA MONICACA90402$2,050,000Yes (X)
DFS CORPORATE SERVICES LLC
22500 LAKE CROOK ROADRIVERWOODSIL60015$748,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$23,365Amt
Disbursements Charitable Prps$23,365DisbursementsCharitablePrpsAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemCOMPUTERCategoryOrItemTxt
Cost Or Other Basis$5,151CostOrOtherBasisAmt
Accumulated Depreciation$343AccumulatedDepreciationAmt
Book Value$4,808BookValueAmt
EOYFMV$5,151EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$160,439LegalFeesAmt
Disbursements Charitable Prps$160,439DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
PROMOTION$34,159$34,159
PROGRAM EXPENSES$710,600$710,600
PROGRAM DEVELOPMENT$1,036,407$1,036,407

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