GILBERT FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GILBERT FOUNDATION (EIN 36-4089976)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-14
IRS object ID
201803189349101785
Schema version
2017v2.2
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)
Return2018-11-14T12:58:18-08:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Adducci Ipema & CoBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17808 W College Drive Ste 4SEAddressLine1Txt
CityPalos HeightsCityNm
State AbbreviationILStateAbbreviationCd
ZIP60463ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364089976EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GILBERT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGILBBusinessNameControlTxt
Phone7082122100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1123 ACACIA CIRCLEAddressLine1Txt
CityINDIAN HEAD PARKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60525ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHERESE C LANDSHOOTPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7082122100PhoneNum
Signature2018-04-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S ADDUCCIPreparerPersonNm
PTINP00379643PTIN
Phone7084301711PhoneNum
Preparation2018-11-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address73.111.44.167IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-14IPDt
IP Tm12:58:04IPTm
IP TimezonePSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD0C98CA7356151DA323392E0009736AA0D8D9122AtSubmissionCreationDeviceId
At Submission Filing Device IdD0C98CA7356151DA323392E0009736AA0D8D9122AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$82,621FMVAssetsEOYAmt
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$5,035DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,035DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,035TotalRevAndExpnssAmt
Total Net Invst Incm$5,035TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$825AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$412AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$413AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$20TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$27OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$13OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$14OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$877TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$430TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$447TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,177TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$430TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,747TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,142ExcessRevenueOverExpensesAmt
Net Investment Income$4,605NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$14,591CashBOYAmt
Cash EOY$10,449CashEOYAmt
Cash EOYFMV$10,449CashEOYFMVAmt
Corporate Stock BOY$72,172CorporateStockBOYAmt
Corporate Stock EOY$72,172CorporateStockEOYAmt
Corporate Stock EOYFMV$72,172CorporateStockEOYFMVAmt
Total Assets BOY$86,763TotalAssetsBOYAmt
Total Assets EOY$82,621TotalAssetsEOYAmt
Total Assets EOYFMV$82,621TotalAssetsEOYFMVAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$86,763RetainedEarningBOYAmt
Retained Earning EOY$82,621RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$86,763TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$82,621TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$86,763TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$82,621TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$86,763TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,142ExcessRevenueOverExpensesAmt
Subtotal$82,621SubtotalAmt
Tot Net Ast Or Fund Balances EOY$82,621TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$9,731AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$164,693NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.059086DistributionYr1Rt
Adjusted Qlfy Distri Yr2$9,022AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$160,158NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.056332DistributionYr2Rt
Adjusted Qlfy Distri Yr3$8,630AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$158,780NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.054352DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,902AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$146,633NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.060709DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,412AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$129,514NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.041787DistributionYr5Rt
Total Distribution0.272266TotalDistributionRt
Average Distribution0.054453AverageDistributionRt
Net Vl Noncharitable Assets$156,567NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$8,526AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$46NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$8,572AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,747QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$46InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$46SubtotalAmt
Tax Based On Investment Income$46TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3TotalPaymentsAndCreditsAmt
Original Return Tax Paid$3OriginalReturnTaxPaidAmt
Tax Due$43TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
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
Individual With BooksTHERESE C LANDSCHOOTIndividualWithBooksNm
Phone7082122100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1123 ACACIA CIRCLE 206AddressLine1Txt
CityINDIAN HEAD PARKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60525ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MAUREEN SHURE
680 N LAKE SHORE DRIVE 1604CHICAGOIL60611DIRECTOR1.00$0$0$0
JAMES L DUNNE
791 PRINCETON LANENEW LENOXIL60451PRESIDENT1.00$0$0$0
THERESE C LANDSCHOOT
123 ACACIA CIRCLE 206INDIAN HEAD PARKIL60525TREASURER/DIR3.00$0$0$0
SUSAN J DINA
4073 GROVE STWESTERN SPRINGSIL60558DIRECTOR1.00$0$0$0
WILLIAM M DUNNE
9832 S KENNETH AVEOAK LAWNIL60453DIRECTOR1.00$0$0$0
ROSE KENNEDY
9823 S HAMLINEVERGREEN PARKIL60805DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1Txt
Expenses1$0Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$143,053AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,898AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$158,951TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$158,951AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,384CashDeemedCharitableAmt
Net Vl Noncharitable Assets$156,567NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,828MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,828MinimumInvestmentReturnAmt
Tax Based On Investment Income$46TaxBasedOnInvestmentIncomeAmt
Total Tax$46TotalTaxAmt
Distributable Before Adj$7,782DistributableBeforeAdjAmt
Distributable Before Ded$7,782DistributableBeforeDedAmt
Distributable As Adjusted$7,782DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,747ExpensesAndContributionsAmt
Qualifying Distributions$8,747QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$46PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$8,701AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,782DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$1,732ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$781ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,220ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,698ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$5,431TotalExcessDistributionCyovAmt
Qualifying Distributions$8,747QualifyingDistributionsAmt
Applied To Current Year$7,782AppliedToCurrentYearAmt
Remaining Distri From Corpus$965RemainingDistriFromCorpusAmt
Total Corpus$6,396TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$6,396ExcessDistriCyovToNextYrAmt
Excess From Year4$1,732ExcessFromYear4Amt
Excess From Year3$781ExcessFromYear3Amt
Excess From Year2$1,220ExcessFromYear2Amt
Excess From Year1$1,698ExcessFromYear1Amt
Excess From Current Year$965ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NATIONAL JEWISH HEALTH
1400 JACKSON STREETDENVERCO802062762501(C)3TREATMENT FOR RESPITORY DISEASESSUPPORT FOR HOSPITAL PROVIDINGUNRESTRICTED GRANT$1,500
MISERCORDIA WOMEN'S LEAGUE
6300 N RIDGE AVECHICAGOIL60660501(C)3DEVELOPMENTAL DISABILIIESSUPPORT FOR PEOPLE WIHUNRESTRICTED GRANT$1,500
LEUKEMIA & LYMPHONA SOCIETY
651 WEST WASHINGTON BLVD SUITE 400CHICAGOIL60661501(C)3FIGHTING BLOOD CANCERSSUPPORT FOR ORGANIZATIONUNRESTRICTED GRANT$300
(no name)
$0
(no name)
$0
MISRICOEDIA QUINLAN
TERRACECHICAGOIL60660501(C)3FOR AN ORGANIZATION WHICH SUPPORTS PEOPLE WIHCONSTRUCTION PROJECTDEVELOPMENTAL DISABILIIES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,035ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,035ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,035TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryIPEMA & ASSOC PC TAX RETURN PREPCategoryTxt
Amt$825Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AT&T COMMON STOCK$26,422$26,422
COMCAST COMMON STOCK$2,121$2,121
WALGREEN BOOTS ALLIANCE COMMON STOCK$17,060$17,060
EXXON MOBIL$26,569$26,569

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$27RevenueAndExpensesPerBooksAmt
Net Investment Income$13NetInvestmentIncomeAmt
Disbursements Charitable Prps$14DisbursementsCharitablePrpsAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescBANK OVERDRAFTDesc

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescBANK OVERDRAFTDesc

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
ILLINOIS CHARITY BUREAU$15$15
ILLINOIS SECRETARY OF STATE$10$5$5
EXCISE TAX

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