The Drake Foundation: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
The Drake Foundation (EIN 62-1684643)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-14
IRS object ID
201821349349102932
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)
Return2018-05-14T13:20:50-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454110923PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DELBROCCO & ASSOCIATES PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14735 SPOTTSWOOD SUITE 201AddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38117ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN621684643EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE DRAKE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDRAKBusinessNameControlTxt
Phone9012215220PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1482 HALLE PARK DRIVE SUITE 101AddressLine1Txt
CityCOLLIERVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP38017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDARIN DRAKEPersonNm
Person TitleSECRETARY/BODPersonTitleTxt
Phone9012215220PhoneNum
Signature2018-05-07SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER F VOEHRINGERPreparerPersonNm
PTINP00846402PTIN
Phone9016819272PhoneNum
Preparation2018-05-07PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address216.37.73.30IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-05-14IPDt
IP Tm13:20:50IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdCBA6ECF903339614888043D4B7D2786D99430D70AtSubmissionCreationDeviceId
At Submission Filing Device IdCBA6ECF903339614888043D4B7D2786D99430D70AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$346,699FMVAssetsEOYAmt
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$3,475InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,475InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$3,475TotalRevAndExpnssAmt
Total Net Invst Incm$3,475TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$73,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$73,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$73,600TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$73,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$70,125ExcessRevenueOverExpensesAmt
Net Investment Income$3,475NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$416,824SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$346,699SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$346,699SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$416,824TotalAssetsBOYAmt
Total Assets EOY$346,699TotalAssetsEOYAmt
Total Assets EOYFMV$346,699TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$416,824RetainedEarningBOYAmt
Retained Earning EOY$346,699RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$416,824TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$346,699TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$416,824TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$346,699TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$416,824TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$70,125ExcessRevenueOverExpensesAmt
Subtotal$346,699SubtotalAmt
Tot Net Ast Or Fund Balances EOY$346,699TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$155,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$484,592NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.319857DistributionYr1Rt
Adjusted Qlfy Distri Yr3$251,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$491,356NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.510831DistributionYr3Rt
Adjusted Qlfy Distri Yr4$305,652AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$477,871NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.639612DistributionYr4Rt
Adjusted Qlfy Distri Yr5$336,600AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$498,021NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.675875DistributionYr5Rt
Total Distribution2.146175TotalDistributionRt
Average Distribution0.536544AverageDistributionRt
Net Vl Noncharitable Assets$376,036NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$201,760AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$35NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$201,795AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$73,600QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$70InvestmentIncomeExciseTaxAmt
Subtotal$70SubtotalAmt
Tax Based On Investment Income$70TaxBasedOnInvestmentIncomeAmt
Tax Due$70TaxDueAmt

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 StateTNOrgReportOrRegisterStateCd
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 Line1DARIN DRAKEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9012215220PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1482 HALLE PARK DRIVE SUITE 101AddressLine1Txt
CityCOLLIERVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP38017ZIPCd
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

FieldValueIRS element (for citing)
PersonDARIN DRAKEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1482 HALLE PARK DRIVE SUITE 101AddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38017ZIPCd
FieldValueIRS element (for citing)
TitleSECRETARY/BOTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$381,762AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$381,762TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$381,762AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,726CashDeemedCharitableAmt
Net Vl Noncharitable Assets$376,036NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,802MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$18,802MinimumInvestmentReturnAmt
Tax Based On Investment Income$70TaxBasedOnInvestmentIncomeAmt
Total Tax$70TotalTaxAmt
Distributable Before Adj$18,732DistributableBeforeAdjAmt
Distributable Before Ded$18,732DistributableBeforeDedAmt
Distributable As Adjusted$18,732DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$73,600ExpensesAndContributionsAmt
Qualifying Distributions$73,600QualifyingDistributionsAmt
Adjusted Qualifying Distri$73,600AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,732DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$311,826ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$281,838ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$226,492ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$174,410ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$130,864ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,125,430TotalExcessDistributionCyovAmt
Qualifying Distributions$73,600QualifyingDistributionsAmt
Applied To Current Year$18,732AppliedToCurrentYearAmt
Remaining Distri From Corpus$54,868RemainingDistriFromCorpusAmt
Total Corpus$1,180,298TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$311,826ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$868,472ExcessDistriCyovToNextYrAmt
Excess From Year4$281,838ExcessFromYear4Amt
Excess From Year3$226,492ExcessFromYear3Amt
Excess From Year2$174,410ExcessFromYear2Amt
Excess From Year1$130,864ExcessFromYear1Amt
Excess From Current Year$54,868ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDARIN DRAKERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1482 HALLE PARK DRIVE SUITE 101AddressLine1Txt
CityCOLLIERVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP38017ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9012211524RecipientPhoneNum
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxt
HOPEWEST
725 S 4TH STREETMONTROSECO81401FURTHER EXEMPT PURPOSE$10,000
JDRF
506 HALLE PARK DRIVECOLLIERVILLETN38017FURTHER EXEMPT PURPOSE$10,000
PASTORAL LEADERSHIP INSTITUTE
PO BOX 972WHEATONIL601870972FURTHER EXEMPT PURPOSE$50,000NONE
FAITH LUTHERAN CHURCH
507 N BYHALIA ROADCOLLIERVILLETN38017FURTHER EXEMPT PURPOSE$3,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$73,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion2ExclusionCd
Exclusion$3,475ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,475ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,475TotalIncomeProducingActyAmt

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

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