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CUSHING FAMILY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
CUSHING FAMILY FOUNDATION (EIN 46-1636778)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-09
IRS object ID
201811299349100246
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)
Return2018-05-09T08:50:06-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN320077509PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Harrison & Held LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1333 W Wacker Dr STE 1700AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461636778EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL J CUSHING FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2CO ROBERT T NAPIER HARRISON & HELDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCUSHBusinessNameControlTxt
Phone3123321111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1333 W WACKER DRIVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL J CUSHINGPersonNm
Person TitleTrusteePersonTitleTxt
Signature2018-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARGARET A NAGELAPreparerPersonNm
PTINP00439254PTIN
Phone3123321111PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,213,111FMVAssetsEOYAmt
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$55,450DividendsRevAndExpnssAmt
Dividends Net Invst Incm$55,450DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$175,596NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$559,232GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$175,596CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$386OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$386OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$231,432TotalRevAndExpnssAmt
Total Net Invst Incm$231,432TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$9,170OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,170OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,136TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,136TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$15OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$11,321TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,306TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$15TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$95,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$95,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$106,321TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,306TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$95,015TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$125,111ExcessRevenueOverExpensesAmt
Net Investment Income$221,126NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,000CashBOYAmt
Cash EOY$16CashEOYAmt
Cash EOYFMV$16CashEOYFMVAmt
Sav And Temp Cash Invst BOY$70,819SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$60,362SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$60,362SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,186,693CorporateStockBOYAmt
Corporate Stock EOY$1,339,035CorporateStockEOYAmt
Corporate Stock EOYFMV$1,547,237CorporateStockEOYFMVAmt
Corporate Bonds BOY$401,268CorporateBondsBOYAmt
Corporate Bonds EOY$422,112CorporateBondsEOYAmt
Corporate Bonds EOYFMV$421,188CorporateBondsEOYFMVAmt
Other Investments BOY$225,344OtherInvestmentsBOYAmt
Other Investments EOY$197,710OtherInvestmentsEOYAmt
Other Investments EOYFMV$184,308OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,894,124TotalAssetsBOYAmt
Total Assets EOY$2,019,235TotalAssetsEOYAmt
Total Assets EOYFMV$2,213,111TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,894,124CapitalStockBOYAmt
Capital Stock EOY$2,019,235CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,894,124TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,019,235TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,894,124TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,019,235TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,894,124TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$125,111ExcessRevenueOverExpensesAmt
Subtotal$2,019,235SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,019,235TotNetAstOrFundBalancesEOYAmt

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
NORTHERN TRUST A/C - VARIOUSP2017-12-312017-12-31$1,724$1,697$27$27
NORTHERN TRUST A/C - VARIOUSP2017-12-312017-12-31$531,454$381,939$149,515$149,515
Capital Gain Dividends$26,054
FieldValueIRS element (for citing)
Capital Gain Net Income$175,596CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxYes (true)LiableSection4942TaxInd

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,423InvestmentIncomeExciseTaxAmt
Subtotal$4,423SubtotalAmt
Tax Based On Investment Income$4,423TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,077EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,077TotalPaymentsAndCreditsAmt
Tax Due$3,346TaxDueAmt

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 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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ROBERT T NAPIERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3123321111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1HH 333 W WACKER DR STE 1700AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMICHAEL J CUSHINGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1333 W WACKER DR STE 1700AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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$2,076,465AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$59,790AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,136,255TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,136,255AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,044CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,104,211NetVlNoncharitableAssetsAmt
Minimum Investment Return$105,211MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$105,211MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,423TaxBasedOnInvestmentIncomeAmt
Total Tax$4,423TotalTaxAmt
Distributable Before Adj$100,788DistributableBeforeAdjAmt
Distributable Before Ded$100,788DistributableBeforeDedAmt
Distributable As Adjusted$100,788DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$95,015ExpensesAndContributionsAmt
Qualifying Distributions$95,015QualifyingDistributionsAmt
Adjusted Qualifying Distri$95,015AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$100,788DistributableAsAdjustedAmt
Undistributed Income PY$92,224UndistributedIncomePYAmt
Qualifying Distributions$95,015QualifyingDistributionsAmt
Applied To Year1$92,224AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,791AppliedToCurrentYearAmt
Undistributed Income CY$97,997UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL J CUSHINGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UNIVERSITY YMCA
1001 S WRIGHT STREETCHAMPAIGNIL61820NONEPCGENERAL PURPOSES$3,000
CHELONIAN RESEARCH FOUNDATION
168 GOODRICH STREETLUNENBURGMA01462NONEPCGENERAL PURPOSES$10,000
GLEN ELLYN CHILDREN'S RESOURCE CENT
346 TAFT AVENUE SUITE 205GLEN ELLYNIL60137NONEPCGENERAL PURPOSES$60,000
CRI - CHILDREN'S RESOURCES INTERNAT
5039 CONNECTICUT AVE NW STE 1WASHINGTONDC20008NONEPCGENERAL PURPOSES$10,000
ASPCA
424 E 92ND STREETNEW YORKNY10128NONEPCGENERAL PURPOSES$2,000
SHINE GLOBAL INC
350 W 42ND STREET 41GNEW YORKNY10036NONEPCGENERAL PURPOSES$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$95,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$55,450ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$386ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$149,542ExclusionAmt
Related Or Exempt Function Incm$26,054RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$205,378ExclusionAmt
Related Or Exempt Function Incm$26,054RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$231,432TotalIncomeProducingActyAmt

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 Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondFIXED INCOMEBondNm
EOY Book Value$422,112EOYBookValueAmt
EOYFMV$421,188EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
EQUITIES$1,076,775$1,241,835
EQUITIES$262,260$305,402

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
REAL ESTATE FUNDSAT COST$78,309$87,710
COMMODITIESAT COST$119,401$96,598

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescIL ANNUAL FILING FEEDesc
Revenue And Expenses Per Books$15RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$15DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$386RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
NORTHERN INVESTMENT MANAGEMENT FEES$2,769$2,769$0$0
NORTHERN TRUST AGENCY FEES$6,401$6,401$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ESTIMATED EXCISE TAXES PAID$1,000
FOREIGN TAXES PAID$1,136$1,136

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