ADX FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: ADX FOUNDATION (EIN 46-4367431)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-14
IRS object ID: 201713189349102466
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
Form 990-PF
Schedule B
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-14T11:17:33-06:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410738189	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LETHERT SKWIRA SCHULTZ & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	170 7TH PL E STE 100	AddressLine1Txt
City	SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	551012361	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	464367431	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ACESSE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ACES	BusinessNameControlTxt
Phone	6124604700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	120 6TH ST S STE 1000	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	STEVEN RENNER	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	6124604700	PhoneNum
Signature	2017-11-08	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ZACHARY RYAN CPA	PreparerPersonNm
PTIN	P01247857	PTIN
Phone	6512245721	PhoneNum
Preparation	2017-11-14	PreparationDt

Filing Security Information FilingSecurityInformation

Field	Value	IRS element (for citing)
At Submission Creation Device Id	78D2E6C316E1047F8C61E98DEAAAACE292A57332	AtSubmissionCreationDeviceId
At Submission Filing Device Id	78D2E6C316E1047F8C61E98DEAAAACE292A57332	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,594,127	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$3,785	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$3,785	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$3,785	InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss	$1,597,912	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,785	TotalNetInvstIncmAmt
Total Adj Net Incm	$3,785	TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss	$3,560	OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$3,560	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$100,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$100,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$103,560	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$100,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,494,352	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,785	NetInvestmentIncomeAmt
Adjusted Net Income	$3,785	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$2,000	CashEOYAmt
Sav And Temp Cash Invst EOY	$1,495,912	SavAndTempCashInvstEOYAmt
Total Assets EOY	$1,497,912	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Accounts Payable EOY	$3,560	AccountsPayableEOYAmt
Total Liabilities EOY	$3,560	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted EOY	$1,494,352	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances EOY	$1,494,352	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,497,912	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$1,494,352	ExcessRevenueOverExpensesAmt
Subtotal	$1,494,352	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,494,352	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$1,580,647	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$1,427,240	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	1.107485	DistributionYr1Rt
Net Vl Noncharitable Assets Yr2	$1,260,979	NetVlNoncharitableAssetsYr2Amt
Total Distribution	1.107485	TotalDistributionRt
Average Distribution	1.107485	AverageDistributionRt
Net Vl Noncharitable Assets	$983,629	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$1,089,354	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$38	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$1,089,392	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$100,000	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$76	InvestmentIncomeExciseTaxAmt
Subtotal	$76	SubtotalAmt
Tax Based On Investment Income	$76	TaxBasedOnInvestmentIncomeAmt
Tax Due	$76	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	MN	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	NONE	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	ACESSE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6124604700	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 WASHINGTON AVE S 690	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	STEVEN RENNER	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	C/O ACESSE CORP	AddressLine1Txt
Address Line2	100 WASHINGTON AVE S 690	AddressLine2Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Field	Value	IRS element (for citing)
Title	DIRECTOR	TitleTxt
Average Hrs Per Wk Devoted To Pos	000.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$998,608	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$998,608	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$998,608	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$14,979	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$983,629	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$49,181	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$49,181	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$76	TaxBasedOnInvestmentIncomeAmt
Total Tax	$76	TotalTaxAmt
Distributable Before Adj	$49,105	DistributableBeforeAdjAmt
Distributable Before Ded	$49,105	DistributableBeforeDedAmt
Distributable As Adjusted	$49,105	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$100,000	ExpensesAndContributionsAmt
Qualifying Distributions	$100,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$100,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$49,105	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$1,446,434	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$1,446,434	TotalExcessDistributionCyovAmt
Qualifying Distributions	$100,000	QualifyingDistributionsAmt
Applied To Current Year	$49,105	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$50,895	RemainingDistriFromCorpusAmt
Total Corpus	$1,497,329	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$1,497,329	ExcessDistriCyovToNextYrAmt
Excess From Year1	$1,446,434	ExcessFromYear1Amt
Excess From Current Year	$50,895	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CAN DO CANINES
9440 SCIENCE CENTER DR	NEW HOPE	MN	55428	501C3	DONATION	$20,000
ST JUDE'S CHILDREN'S HOSPITAL
5353 WAYZATA BLVD 500	ST LOUIS PARK	MN	55416	501C3	DONATION	$20,000
SECOND HARVEST
6325 SANDBURG RD 1700	GOLDEN VALLEY	MN	55427	501C3	DONATION	$20,000
FEED MY STARVING CHILDREN
401 93RD AVE NW	COON RAPIDS	MN	55433	501C3	DONATION	$20,000
PARENTS IN COMMUNITY ACTION
4255 3RD AVE S	MINNEAPOLIS	MN	55409	501C3	DONATION	$20,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$100,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$3,785	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$3,785	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,785	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHWAB DONOR ADVISED FUND	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	211 MAIN ST	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94105	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,594,127	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT OTHER PROFESSIONAL FEES	CategoryTxt
Amt	$3,560	Amt

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