JANE AND JIM SCHULTE FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
JANE AND JIM SCHULTE FOUNDATION (EIN 46-3516294)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-14
IRS object ID
201831349349102593
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

FieldValueIRS element (for citing)
Return2018-05-14T13:08:54-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN470700692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VERDANT ACCOUNTING PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112110 PORT GRACE BLVD STE 100AddressLine1Txt
CityLA VISTACityNm
State AbbreviationNEStateAbbreviationCd
ZIP681283190ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463516294EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JANE AND JIM SCHULTE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJANEBusinessNameControlTxt
Phone4028914996PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line117726 JONES STREETAddressLine1Txt
CityOMAHACityNm
State AbbreviationNEStateAbbreviationCd
ZIP68118ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJIM SCHULTEPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone4028914996PhoneNum
Signature2018-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN J GORACKE CPA CFEPreparerPersonNm
PTINP01013449PTIN
Phone4023301200PhoneNum
Preparation2018-05-11PreparationDt
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$1,440,622FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$5,926DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,926DividendsNetInvstIncmAmt
Dividends Adj Net Incm$5,926DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$77,805NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$149,595GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$77,805CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$83,731TotalRevAndExpnssAmt
Total Net Invst Incm$83,731TotalNetInvstIncmAmt
Total Adj Net Incm$5,926TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$445AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$445AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$445AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$11,222OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$11,222OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$11,222OtherProfFeesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$11,667TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$11,667TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$11,667TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$55,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$55,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$66,667TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$11,667TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$11,667TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$55,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$17,064ExcessRevenueOverExpensesAmt
Net Investment Income$72,064NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,033CashBOYAmt
Cash EOY$104,971CashEOYAmt
Cash EOYFMV$104,971CashEOYFMVAmt
Corporate Stock BOY$925,418CorporateStockBOYAmt
Corporate Stock EOY$856,636CorporateStockEOYAmt
Corporate Stock EOYFMV$1,335,651CorporateStockEOYFMVAmt
Total Assets BOY$946,451TotalAssetsBOYAmt
Total Assets EOY$961,607TotalAssetsEOYAmt
Total Assets EOYFMV$1,440,622TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$946,451CapitalStockBOYAmt
Capital Stock EOY$961,607CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$946,451TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$961,607TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$946,451TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$961,607TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$946,451TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$17,064ExcessRevenueOverExpensesAmt
Subtotal$963,515SubtotalAmt
Other Decreases$1,908OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$961,607TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ALPHABET INC CL CP2016-01-012017-12-26$79,040$42,060$36,980$36,980
APPLE IN COMP2013-11-062017-12-26$68,173$29,730$38,443$38,443
FieldValueIRS element (for citing)
Capital Gain Net Income$77,805CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$59,132AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,140,120NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.051865DistributionYr1Rt
Adjusted Qlfy Distri Yr2$50,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,097,482NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.045559DistributionYr2Rt
Adjusted Qlfy Distri Yr3$49,756AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,008,471NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.049338DistributionYr3Rt
Net Vl Noncharitable Assets Yr4$987,233NetVlNoncharitableAssetsYr4Amt
Total Distribution0.146762TotalDistributionRt
Average Distribution0.048921AverageDistributionRt
Net Vl Noncharitable Assets$1,266,155NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$61,942AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$721NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$62,663AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$55,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,441InvestmentIncomeExciseTaxAmt
Subtotal$1,441SubtotalAmt
Tax Based On Investment Income$1,441TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$22EsPenaltyAmt
Tax Due$463TaxDueAmt

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 StateNEOrgReportOrRegisterStateCd
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 Line1BRIDGES INVESTMENT MANAGEMENT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4023938300PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1256 DURHAM PLAZAAddressLine1Txt
Address Line28401 WEST DODGE ROADAddressLine2Txt
CityOMAHACityNm
State AbbreviationNEStateAbbreviationCd
ZIP68114ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JANE SCHULTE
17726 JONES STREETOMAHANE68118DIRECTOR5.00$0$0$0
JIM SCHULTE
17726 JONES STREETOMAHANE68118DIRECTOR5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,222,435AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$63,002AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,285,437TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,285,437AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$19,282CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,266,155NetVlNoncharitableAssetsAmt
Minimum Investment Return$63,308MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$63,308MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,441TaxBasedOnInvestmentIncomeAmt
Total Tax$1,441TotalTaxAmt
Distributable Before Adj$61,867DistributableBeforeAdjAmt
Distributable Before Ded$61,867DistributableBeforeDedAmt
Distributable As Adjusted$61,867DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$55,000ExpensesAndContributionsAmt
Qualifying Distributions$55,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$55,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$61,867DistributableAsAdjustedAmt
Undistributed Income PY$50,554UndistributedIncomePYAmt
Qualifying Distributions$55,000QualifyingDistributionsAmt
Applied To Year1$50,554AppliedToYear1Amt
Applied To Current Year$4,446AppliedToCurrentYearAmt
Undistributed Income CY$57,421UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CREATE FOUNDATION
1510 CHANDLER ROADBELLEVUENE68147GENERAL FUND$30,000
SIENA FRANCIS HOUSE
1131 STREET NORTH 18THOMAHANE68102GENERAL FUND$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$55,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,926ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$75,423ExclusionAmt
Related Or Exempt Function Incm$2,382RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$81,349ExclusionAmt
Related Or Exempt Function Incm$2,382RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$83,731TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$445Amt
Net Investment Income$445NetInvestmentIncomeAmt
Adjusted Net Income$445AdjustedNetIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
APPLE INC COM$127,287$287,691
GOOGLE INC/ALPHABET CL A$82,191$158,010
GOOGLE INC/ALPHABET CL C$111,639$156,960
TESLA MOTORS INC$99,460$108,973
CELGENE CORP COM$117,834$156,540
STERLING CAPITAL SM CAP VALUE FD I$56,559$70,308
AMAZON.COM$111,462$169,573
KNIGHT THERAPEUTICS INC.$51,054$43,546
PAYPAL HOLDINGS INC.$99,150$184,050

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

DescDescAmtAmt
FEDERAL TAXES$896
ESTIMATED TAX PAYMENT$1,000
TIMING ON MONEY MARKET VARIANCE$12

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
ADVISORY FEES$11,176$11,176$11,176
BIENNIAL FEE$46$46$46

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