ERNEST C AND MARION R KARRAS FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ERNEST C AND MARION R KARRAS FAMILY FOUNDATION (EIN 27-1530381)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-08-09
- IRS object ID
- 201802219349100100
- Schema version
- 2017v2.3
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-08-09T05:43:27-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472378004 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SWARTZ & REEDER ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 SKOKIE BLVD STE 290 | AddressLine1Txt |
| City | NORTHBROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 600627902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271530381 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNEST C AND MARION R KARRAS FAMILY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ERNE | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4942 | AddressLine1Txt |
| City | OAK BROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60522 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERNEST C KARRAS | PersonNm |
| Person Title | CO-TRUSTEE | PersonTitleTxt |
| Phone | 6305799800 | PhoneNum |
| Signature | 2018-07-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BARRY A SWARTZ | PreparerPersonNm |
| PTIN | P00057409 | PTIN |
| Phone | 8472415800 | PhoneNum |
| Preparation | 2018-08-09 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $391,856 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $50,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $413 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $413 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $413 | InterestOnSavingsAdjNetIncmAmt |
| Total Rev And Expnss | $50,413 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $413 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $413 | TotalAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $79 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $79 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $17,550 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $17,550 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $17,629 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $17,550 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $32,784 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $413 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $413 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $259,072 | CashBOYAmt |
| Cash EOY | $391,856 | CashEOYAmt |
| Cash EOYFMV | $391,856 | CashEOYFMVAmt |
| Other Investments BOY | $100,000 | OtherInvestmentsBOYAmt |
| Total Assets BOY | $359,072 | TotalAssetsBOYAmt |
| Total Assets EOY | $391,856 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $391,856 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $359,072 | RetainedEarningBOYAmt |
| Retained Earning EOY | $391,856 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $359,072 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $391,856 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $359,072 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $391,856 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $359,072 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $32,784 | ExcessRevenueOverExpensesAmt |
| Subtotal | $391,856 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $391,856 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $51,500 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $305,909 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.168351 | DistributionYr1Rt |
| Total Distribution | 0.168351 | TotalDistributionRt |
| Average Distribution | 0.168351 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $251,058 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $42,266 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $4 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $42,270 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $17,550 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $8 | SubtotalAmt |
| Tax Based On Investment Income | $8 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $8 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | ERNEST C KARRAS | IndividualWithBooksNm |
| Phone | 6305799800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 FOREST GATE CIR | AddressLine1Txt |
| City | OAK BROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60523 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| ERNEST C KARRAS | ||||||||
| 75 FOREST GATE CIRCLE | OAK BROOK | IL | 60523 | CO-TRUSTEE | 5.00 | $0 | $0 | $0 |
| MARION R KARRAS | ||||||||
| 75 FOREST GATE CIRCLE | OAK BROOK | IL | 60523 | CO-TRUSTEE | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $254,881 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $254,881 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $254,881 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,823 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $251,058 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $12,553 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $12,553 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8 | TotalTaxAmt |
| Distributable Before Adj | $12,545 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $12,545 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $12,545 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $17,550 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $17,550 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $17,550 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $12,545 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr1 | $35,851 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $35,851 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $17,550 | QualifyingDistributionsAmt |
| Applied To Current Year | $12,545 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,005 | RemainingDistriFromCorpusAmt |
| Total Corpus | $40,856 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $40,856 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $35,851 | ExcessFromYear1Amt |
| Excess From Current Year | $5,005 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| ST JUDE CHILDRENS HOSPITAL | |||||
| 501 ST JUDE PLACE | MENPHIS | TN | 38105 | RESEARCH | $250 |
| NORTHWESTERN UNIVERSITY | |||||
| 1201 DAVIS STREET | EVANSTON | IL | 60208 | RESERCH | $1,000 |
| UNIVERSITY OF ILLINOIS | |||||
| 1305 W GREEN STREET | URBANA | IL | 61801 | EDUCATION | $5,000 |
| NATIONAL HELLENIC MUSEUM | |||||
| 333 S HALSTED ST | CHICAGO | IL | 60661 | EDUCATION | $500 |
| HOLY APOSTLES PHILOPTOCHOS | |||||
| 2501 S WOLF RD | WESTCHESTER | IL | 60154 | RELIGIOUS | $500 |
| HOLY APOSTLES CHURCH | |||||
| 2501 S WOLF RD | WESTCHESTER | IL | 60154 | RELIGIOUS | $3,000 |
| METROPOLIS OF CHGO PHILOPTOCHOS | |||||
| 40 E BURTON PLACE | CHICAGO | IL | 60610 | RELIGOUS | $1,200 |
| CHICAGO SYMPHONY ORCHESTRA | |||||
| 220 S MICHIGAN | CHICAGO | IL | 60604 | MUSIC EDUCATION | $350 |
| INTERNATIONAL ORTHODOX CHARITIES | |||||
| 110 WEST ROAD SUITE 360 | BALTIMORE | MD | 21204 | RELIGIOUS | $1,000 |
| ASSUMPTION CHURCH | |||||
| 601 S CENTRAL | CHICAGO | IL | 60644 | RELIGIOUS | $3,000 |
| TIMOTHY CHRISTIAN SCHOOL | |||||
| 188 W BUTTERFIELD RD | ELMHURST | IL | 60126 | EDUCATION | $1,000 |
| SILMA PHI DELTA | |||||
| 901 WEST ILLINOIS ST | URBANA | IL | 61801 | EDUCATION | $250 |
| LURIE'S CHILDREN FOUNDATION | |||||
| 225 E CHICAGO AVE | CHICAGO | IL | 60611 | RESEARCH | $250 |
| BENET ACADEMY | |||||
| 2200 MAPLE AVE | LISLE | IL | 60532 | EDUCATION | $250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $17,550 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $413 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $413 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $413 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | ERNEST C KARRAS | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 FOREST GATE CIRCLE | AddressLine1Txt |
| City | OAK BROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60523 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $50,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | TD AMERITRADE | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| EXPENSES | |
| LICENSE AND PERMITS | $15 |
| POSTAGE | $64 |
Comments