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KAUL FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
KAUL FOUNDATION INC (EIN 47-2028290)
Tax period
2016-12-01 to 2017-11-30
Filed
2018-06-19
IRS object ID
201811709349100311
Schema version
2016v3.0
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)
Return2018-06-19T15:15:32-04:00ReturnTs
Tax Period End2017-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593757352PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jeffrey D Walker CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13805 S Westshore BlvdAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33611ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472028290EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Kaul Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAULBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13203 W Cypress StAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33607ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVictor HolcombPersonNm
Person TitlePresidentPersonTitleTxt
Phone8132585835PhoneNum
Signature2018-06-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D Walker CPAPreparerPersonNm
PTINP01336991PTIN
Phone8138313933PhoneNum
Preparation2018-06-19PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,301,011FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$529InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss$143,727DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$200,876NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,231,289GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$200,876CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$7,254NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$345,132TotalRevAndExpnssAmt
Total Net Invst Incm$200,876TotalNetInvstIncmAmt
Total Adj Net Incm$7,254TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$59,471OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$16,312OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$59,471TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,312TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$347,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$347,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$406,971TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,312TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$347,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$61,839ExcessRevenueOverExpensesAmt
Net Investment Income$184,564NetInvestmentIncomeAmt
Adjusted Net Income$7,254AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$186,719SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$226,004SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$226,004SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$5,608,817CorporateStockBOYAmt
Corporate Stock EOY$5,561,854CorporateStockEOYAmt
Corporate Stock EOYFMV$7,534,427CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,602,527CorporateBondsBOYAmt
Corporate Bonds EOY$1,548,366CorporateBondsEOYAmt
Corporate Bonds EOYFMV$1,540,580CorporateBondsEOYFMVAmt
Total Assets BOY$7,398,063TotalAssetsBOYAmt
Total Assets EOY$7,336,224TotalAssetsEOYAmt
Total Assets EOYFMV$9,301,011TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$7,574,734CapitalStockBOYAmt
Capital Stock EOY$7,574,734CapitalStockEOYAmt
Retained Earning BOY-$176,671RetainedEarningBOYAmt
Retained Earning EOY-$238,510RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$7,398,063TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,336,224TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,398,063TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,336,224TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,398,063TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$61,839ExcessRevenueOverExpensesAmt
Subtotal$7,336,224SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,336,224TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
Capital Gain DistributionsP2016-01-012017-11-30$69,955$69,955$69,955
SecuritesP2017-01-012017-11-30$328,186$7,254$7,254$320,932
SecuritiesP2016-01-012017-11-30$833,148$123,667$123,667$709,481
FieldValueIRS element (for citing)
Capital Gain Net Income$200,876CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$7,254NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$417,368AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$7,316,522NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.057045DistributionYr1Rt
Adjusted Qlfy Distri Yr2$413,703AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$8,405,626NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.049217DistributionYr2Rt
Adjusted Qlfy Distri Yr3$270,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$8,639,796NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.031251DistributionYr3Rt
Adjusted Qlfy Distri Yr4$295,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$8,015,856NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.036864DistributionYr4Rt
Adjusted Qlfy Distri Yr5$355,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,448,958NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.047658DistributionYr5Rt
Total Distribution0.222035TotalDistributionRt
Average Distribution0.044407AverageDistributionRt
Net Vl Noncharitable Assets$8,615,717NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$382,598AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,846NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$384,444AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$347,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,691InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$3,691SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$3,691TaxBasedOnInvestmentIncomeAmt
Tax Due$3,691TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
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
Individual With BooksVictor HolcombIndividualWithBooksNm
Phone8132585835PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13203 W Cypress StAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33607ZIPCd
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
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Victor Holcomb
3203 W Cypress StTampaFL33607President30.00$0$0$0
John L Holcomb
3203 W Cypress StTampaFL33607VP Secretary Treasurer30.00$0$0$0
William Smalley
3203 W Cypress StTampaFL33607Director1.00$6,000$0$0
William Poe
3203 W Cypress StTampaFL33607Director1.00$6,000$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$8,603,161AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$143,760AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,746,921TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$8,746,921AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$131,204CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,615,717NetVlNoncharitableAssetsAmt
Minimum Investment Return$430,786MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$430,786MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,691TaxBasedOnInvestmentIncomeAmt
Total Tax$3,691TotalTaxAmt
Distributable Before Adj$427,095DistributableBeforeAdjAmt
Distributable Before Ded$427,095DistributableBeforeDedAmt
Distributable As Adjusted$427,095DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$347,500ExpensesAndContributionsAmt
Qualifying Distributions$347,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$347,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$427,095DistributableAsAdjustedAmt
Undistributed Income PY$338,509UndistributedIncomePYAmt
Qualifying Distributions$347,500QualifyingDistributionsAmt
Applied To Year1$338,509AppliedToYear1Amt
Applied To Current Year$8,991AppliedToCurrentYearAmt
Undistributed Income CY$418,104UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNoneContributingManagerNm
Shareholder ManagerNoneShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee Schedule AttachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13203 Cypress AveAddressLine1Txt
CityTampaCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33629ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeSocial and Scientific AchievementGrantOrContributionPurposeTxt
Amt$347,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$347,500TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$529ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$143,727ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$200,876ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$345,132ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$345,132TotalIncomeProducingActyAmt

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

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

Short ExplanationShortExplanationTxt
William Smalley
Director Fee
William Poe
Director Fee

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Fixed Income Investments$1,540,580$1,540,580
Less Unrealized Gain Loss$7,786$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Corporate Stocks$4,705,085$6,202,439
Alternative Investments$856,769$1,331,988

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (8 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
License Fee$61$30$0$0
Asset Mgmt Fees$24,541$12,570$0$0
Rent$5,500$2,750$0$0
2013 Excise Tax$2,486$0$0$0
Director Fees$12,000$0$0$0
Office Expense$1,649$825$0$0
Legl Fees$274$137$0$0
Book Loss on Abandoned capital$12,960$0$0$0

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