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RICK AND TINA MALNATI CHARITABLE FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
RICK AND TINA MALNATI CHARITABLE FOUNDATION INC (EIN 81-5011883)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-06-08
IRS object ID
201811599349100006
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)
Return2018-06-08T09:49:48-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN822038965PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Evanston Tax Advisors LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11300 E Woodfield Rd ST300AddressLine1Txt
CitySchaumburgCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN815011883EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Rick and Tina Malnati CharitableBusinessNameLine1Txt
Business Name Line2Foundation IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRICKBusinessNameControlTxt
Phone8473978625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 E Woodfield RoadAddressLine1Txt
CitySchaumburgCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRick MalnatiPersonNm
Person TitlePresidentPersonTitleTxt
Signature2018-06-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNoreen T FaheyPreparerPersonNm
PTINP00468119PTIN
Phone8479073825PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$637,301FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$10,238DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,238DividendsNetInvstIncmAmt
Dividends Adj Net Incm$10,238DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$17,095NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$547,742GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$17,095CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$17,095NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$273OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,027,606TotalRevAndExpnssAmt
Total Net Invst Incm$27,333TotalNetInvstIncmAmt
Total Adj Net Incm$27,333TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$3,176OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,176TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$412,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$412,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$415,676TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$412,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$611,930ExcessRevenueOverExpensesAmt
Net Investment Income$27,333NetInvestmentIncomeAmt
Adjusted Net Income$27,333AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$51,375SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$51,375SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$491,443CorporateStockEOYAmt
Corporate Stock EOYFMV$517,321CorporateStockEOYFMVAmt
Corporate Bonds EOY$69,112CorporateBondsEOYAmt
Corporate Bonds EOYFMV$68,605CorporateBondsEOYFMVAmt
Total Assets EOY$611,930TotalAssetsEOYAmt
Total Assets EOYFMV$637,301TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted EOY$611,930UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances EOY$611,930TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$611,930TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$611,930ExcessRevenueOverExpensesAmt
Subtotal$611,930SubtotalAmt
Tot Net Ast Or Fund Balances EOY$611,930TotNetAstOrFundBalancesEOYAmt

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
Charles Schwab #5695-8543P2017-06-302017-06-30$499,981$482,887$17,094$17,094
Delek US HoldingsP2017-06-062017-07-05$8$8
Power Shares DB CommodityP2017-06-062017-07-06$47,753$47,752$1$1
FieldValueIRS element (for citing)
Capital Gain Net Income$17,095CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$17,095NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$547InvestmentIncomeExciseTaxAmt
Subtotal$547SubtotalAmt
Tax Based On Investment Income$547TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$19EsPenaltyAmt
Tax Due$566TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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 Line1Keith CantrellBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8473973000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11300 E Woodfield Road Suite 300AddressLine1Txt
CitySchaumburgCityNm
State AbbreviationILStateAbbreviationCd
ZIP601734984ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Rick Malnati
575 Sunset Ridge RoadNorthfieldIL60093Pres / Treas0.00$0
Christina Malnati
575 Sunset Ridge RoadNorthfieldIL60093V.P.0.00$0
Keith Cantrell
1300 E Woodfield Rd Ste 300SchaumburgIL60173Secretary0.00$0
Anthony Malnati
575 Sunset Ridge RoadNorthfieldIL60093Director0.00$0
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$488,855AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,360AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$519,215TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$519,215AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,788CashDeemedCharitableAmt
Net Vl Noncharitable Assets$511,427NetVlNoncharitableAssetsAmt
Minimum Investment Return$25,571MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$25,571MinimumInvestmentReturnAmt
Tax Based On Investment Income$547TaxBasedOnInvestmentIncomeAmt
Total Tax$547TotalTaxAmt
Distributable Before Adj$25,024DistributableBeforeAdjAmt
Distributable Before Ded$25,024DistributableBeforeDedAmt
Distributable As Adjusted$25,024DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$412,500ExpensesAndContributionsAmt
Qualifying Distributions$412,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$412,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$25,024DistributableAsAdjustedAmt
Qualifying Distributions$412,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$25,024AppliedToCurrentYearAmt
Remaining Distri From Corpus$387,476RemainingDistriFromCorpusAmt
Total Corpus$387,476TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$387,476ExcessDistriCyovToNextYrAmt
Excess From Current Year$387,476ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Chicago Jesuit Academy
5058 W Jackson BoulevardChicagoIL60644NonePCGeneral Purposes$20,000
Help Hope Live
100 Matsonford RoadRadnorPA19087NonePCGeneral Purposes$2,500
Sunset Ridge Elementary School
525 Sunset Ridge RoadNorthfieldIL60093NonePCGeneral Purposes$2,500
Elyssa's Mission
900 Skokie Boulevard Suite 120NorthbrookIL60062NonePCGeneral Purposes$1,500
Valparaiso University
1700 Chapel DriveValparaisoIN46383NonePCGeneral Purposes$2,500
National MS Society
PO Box 4527New YorkNY10163NonePCGeneral Purposes$1,000
Northwestern Memorial Foundation
541 N Fairbanks Court Suite 800ChicagoIL60611NonePCCancer Research$382,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$412,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion$10,238ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion$273ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$17,095RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,511ExclusionAmt
Related Or Exempt Function Incm$17,095RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$27,606TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonRick MalnatiContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1575 Sunset Ridge RoadAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationILStateAbbreviationCd
ZIP60093ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Doubleline Total Return$34,555$34,099
Oppenheimer Senior$34,557$34,506

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (49 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AT&T Inc.$9,740$9,759
AFLAC Inc.$7,565$8,866
Allete Inc.$2,500$2,528
AmerisourceBergen Co.$10,271$10,284
Amgen Inc.$8,346$8,521
Applied Materials$7,155$7,821
CA Inc.$8,489$8,786
Canadian PAC Railway$7,511$8,955
Capital One Financial$7,544$9,659
Cisco Systems Inc.$7,870$9,537
Corning Inc.$7,925$8,541
CVR Energy Inc.$1,905$3,165
CVS Health Corp$9,891$8,990
Eaton Corp PLC$8,243$8,533
EBAY Inc.$8,528$9,020
GoodYear Tire & Rubber$10,060$9,435
Great Plains Energy$7,402$8,221
HanesBrands Inc.$10,828$9,096
HealthSouth Corp$2,376$2,569
Host Hotels & Resort$7,649$8,496
Intel Corporation$6,554$8,540
Kroger Company$11,618$10,678
McDermott Intl Inc.$9,042$9,113
Mylan NV$8,579$9,604
Net App Inc.$7,076$10,068
Omnicom Group Inc.$10,637$9,322
Primerica Inc.$1,995$2,640
Reinsurance GP America$6,893$8,732
Sanderson Farms Inc.$2,064$2,359
Sanmina Corporation$2,896$2,541
Sonoco Products Co$8,471$8,874
Sysco Corporation$8,765$9,656
Tenneco Inc.$2,650$2,693
Toronto Dominion Bnk F$7,076$8,670
United Therapeutics$8,808$10,357
Valero Energy Corp$6,614$9,742
Wabash National Corp$2,765$2,930
Williams Companies$8,672$9,056
Worthington Inds Inc.$2,600$2,644
Guggenheim Bullet 2010$31,970$31,610
Guggenheim Bullet 2022$31,937$31,607
Guggenheim Bultsh 2018$31,946$31,740
Guggenheim Bultsh 2019$31,919$31,694
Guggenheim Bultsh 2020$31,987$31,680
IShares Gold ETF$26,932$28,873
Artisan Intl Value Fund$8,343$8,634
FMI Intl Fd$8,245$8,450
Oppenheimer Developing$10,112$11,437
Sunstone Hotel Invs$2,479$2,595

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescInvestment Management FeesDesc
Revenue And Expenses Per Books$3,176RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$273RevenueAndExpensesPerBooksAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonRick MalnatiPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1575 Sunset Ridge RoadAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationILStateAbbreviationCd
ZIP60093ZIPCd

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