The Drake Foundation: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
The Drake Foundation (EIN 62-1684643)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-14
IRS object ID
201703189349102320
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)
Return2017-11-14T13:29:21-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-11-13SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER F VOEHRINGERPreparerPersonNm
PTINP00846402PTIN
Phone9016819272PhoneNum
Preparation2017-11-13PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdCBA6ECF903339614888043D4B7D2786D99430D70AtSubmissionCreationDeviceId
At Submission Filing Device IdCBA6ECF903339614888043D4B7D2786D99430D70AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$416,824FMVAssetsEOYAmt
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$4,704InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,704InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$4,704TotalRevAndExpnssAmt
Total Net Invst Incm$4,704TotalNetInvstIncmAmt
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$155,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$155,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$155,000TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$155,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$150,296ExcessRevenueOverExpensesAmt
Net Investment Income$4,704NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$567,120SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$416,824SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$416,824SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$567,120TotalAssetsBOYAmt
Total Assets EOY$416,824TotalAssetsEOYAmt
Total Assets EOYFMV$416,824TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$557,408RetainedEarningBOYAmt
Retained Earning EOY$407,112RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$557,408TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$407,112TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$557,408TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$407,112TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$557,408TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$150,296ExcessRevenueOverExpensesAmt
Subtotal$407,112SubtotalAmt
Tot Net Ast Or Fund Balances EOY$407,112TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr2$251,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$491,356NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.510831DistributionYr2Rt
Adjusted Qlfy Distri Yr3$305,652AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$477,871NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.639612DistributionYr3Rt
Adjusted Qlfy Distri Yr4$336,600AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$498,021NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.675875DistributionYr4Rt
Adjusted Qlfy Distri Yr5$76,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$376,927NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.201631DistributionYr5Rt
Total Distribution2.027949TotalDistributionRt
Average Distribution0.506987AverageDistributionRt
Net Vl Noncharitable Assets$484,592NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$245,682AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$47NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$245,729AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$155,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$94InvestmentIncomeExciseTaxAmt
Subtotal$94SubtotalAmt
Tax Based On Investment Income$94TaxBasedOnInvestmentIncomeAmt
Tax Due$94TaxDueAmt

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 Pos5.00AverageHrsPerWkDevotedToPosRt
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$491,972AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$491,972TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$491,972AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,380CashDeemedCharitableAmt
Net Vl Noncharitable Assets$484,592NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,230MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,230MinimumInvestmentReturnAmt
Tax Based On Investment Income$94TaxBasedOnInvestmentIncomeAmt
Total Tax$94TotalTaxAmt
Distributable Before Adj$24,136DistributableBeforeAdjAmt
Distributable Before Ded$24,136DistributableBeforeDedAmt
Distributable As Adjusted$24,136DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$155,000ExpensesAndContributionsAmt
Qualifying Distributions$155,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$155,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$24,136DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$311,826ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$281,838ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$226,492ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$174,410ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$994,566TotalExcessDistributionCyovAmt
Qualifying Distributions$155,000QualifyingDistributionsAmt
Applied To Current Year$24,136AppliedToCurrentYearAmt
Remaining Distri From Corpus$130,864RemainingDistriFromCorpusAmt
Total Corpus$1,125,430TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,125,430ExcessDistriCyovToNextYrAmt
Excess From Year4$311,826ExcessFromYear4Amt
Excess From Year3$281,838ExcessFromYear3Amt
Excess From Year2$226,492ExcessFromYear2Amt
Excess From Year1$174,410ExcessFromYear1Amt
Excess From Current Year$130,864ExcessFromCurrentYearAmt

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 (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient Foundation StatusRecipientFoundationStatusTxt
HOUSTON HIGH SCHOOL BAND
9755 WOLF RIVER BLVDGERMANTOWNTN38139NONEFURTHER EXEMPT PURPOSE$5,000
PASTORAL LEADERSHIP INSTITUTE
PO BOX 972WHEATONIL601870972NONEFURTHER EXEMPT PURPOSE$100,000
LUTHERAN CHURCH MO SYNOD
1675 WYNNE ROADCORDOVATN38016NONEFURTHER EXEMPT PURPOSE$25,000OTHER PUBLIC
FAITH LUTHERAN CHURCH
507 N BYHALIA ROADCOLLIERVILLETN38017NONEFURTHER EXEMPT PURPOSE$15,000OTHER PUBLIC
JDRF
506 HALLE PARK DRIVECOLLIERVILLETN38017FURTHER EXEMPT PURPOSE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$155,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion2ExclusionCd
Exclusion$4,704ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,704ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,704TotalIncomeProducingActyAmt

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

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.