ANCONA FAMILY FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ANCONA FAMILY FOUNDATION (EIN 46-1606217)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-14
- IRS object ID
- 201743189349103224
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-14T19:17:05-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chu and Waters LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 595 Market Street Suite 2350 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | 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 | 461606217 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ancona Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ANCO | BusinessNameControlTxt |
| Phone | 8475646287 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 199 North Green Bay Road | AddressLine1Txt |
| City | Lake Forrest | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60045 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Edgar Ancona | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2017-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Anthony T Liang | PreparerPersonNm |
| PTIN | P00845266 | PTIN |
| Phone | 4157819900 | PhoneNum |
| 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 | $548,107 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $110,000 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $985 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $985 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $985 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $7,563 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $7,563 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $7,563 | DividendsAdjNetIncmAmt |
| Other Income Rev And Expnss | $2,136 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $120,684 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,548 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $8,548 | TotalAdjNetIncmAmt |
| Taxes Rev And Expnss | $62 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $2,580 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $2,642 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $25,085 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $25,085 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $27,727 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $25,085 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $92,957 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $8,548 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,548 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $106,450 | CashBOYAmt |
| Cash EOY | $122,793 | CashEOYAmt |
| Cash EOYFMV | $122,793 | CashEOYFMVAmt |
| Corporate Stock BOY | $213,922 | CorporateStockBOYAmt |
| Corporate Stock EOY | $245,427 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $266,119 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $132,141 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $140,386 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $140,403 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $16,072 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $17,989 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $18,792 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $468,585 | TotalAssetsBOYAmt |
| Total Assets EOY | $526,595 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $548,107 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $34,947 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $34,947 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $433,638 | UnrestrictedBOYAmt |
| Unrestricted EOY | $526,595 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $433,638 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $526,595 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $468,585 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $526,595 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $433,638 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $92,957 | ExcessRevenueOverExpensesAmt |
| Subtotal | $526,595 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $526,595 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $171 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $171 | SubtotalAmt |
| Tax Based On Investment Income | $171 | TaxBasedOnInvestmentIncomeAmt |
| Applied To Es Tax | $171 | AppliedToEsTaxAmt |
| Total Payments And Credits | $171 | TotalPaymentsAndCreditsAmt |
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 |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Edgar Ancona | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8472958154 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 199 North Green Bay Road | AddressLine1Txt |
| City | Lake Forrest | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60045 | 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Edgar Ancona | ||||||
| 199 N Green Bay Road | Lake Forrest | IL | 60045 | Director | 1.00 | $0 |
| Nora Ancona | ||||||
| 199 N Green Bay Road | Lake Forrest | IL | 60045 | Director | 1.00 | $0 |
| John Ancona | ||||||
| 31 Black Birch Lane | Scarsdale | NY | 10583 | Director | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $416,581 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $44,100 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $460,681 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $460,681 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,910 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $453,771 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $22,689 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $22,689 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $171 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $171 | TotalTaxAmt |
| Distributable Before Adj | $22,518 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $22,518 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $22,518 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $25,085 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $25,085 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $25,085 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $22,518 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $12,596 | UndistributedIncomePYAmt |
| Qualifying Distributions | $25,085 | QualifyingDistributionsAmt |
| Applied To Year1 | $12,596 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $12,489 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $10,029 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Edgar Ancona | ContributingManagerNm |
| Contributing Manager | John Ancona | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Amherst Annual Fund | |||||||
| PO Box 5000 | Amherst | MA | 01002 | NONE | PC | Grant to Public Charity | $3,000 |
| Junior League of Chicago | |||||||
| 1447 N Astor Street | Chicago | IL | 60610 | NONE | PC | Grant to Public Charity | $1,185 |
| Nantucket Atheneum | |||||||
| 1 India Street | Nantucket | MA | 02554 | NONE | PC | Grant to Public Charity | $1,000 |
| Nantucket Historical Association | |||||||
| 13 Broad Street | Nantucket | MA | 02554 | NONE | PC | Grant to Public Charity | $500 |
| Nantucket Preservation Trust | |||||||
| 55 Main Street | Nantucket | MA | 02554 | NONE | PC | Grant to Public Charity | $1,000 |
| The Univ of Chicago Booth School of | |||||||
| 5807 South Woodlawn Avenue | Chicago | IL | 60637 | NONE | PC | Grant to Public University | $5,000 |
| Russell Sage Colleges | |||||||
| 65 1st Street | Troy | NY | 12180 | NONE | PC | Grant to Public Charity | $250 |
| Northern Illinois Food Bank | |||||||
| 273 Dearborn Court | Geneva | IL | 60134 | NONE | PC | Grant to Public Charity | $250 |
| Lake Forest Open Lands Assoc | |||||||
| 350 North Waukegan Road | Lake Forest | IL | 60045 | NONE | PC | Grant to Public Charity | $100 |
| Cystic Fibrosis Scholarship Foundat | |||||||
| 1555 Sherman Avenue 116 | Evanston | IL | 60201 | NONE | PC | Grant to Public Charity | $150 |
| Rensselaer Polytechnic Institute | |||||||
| 110 8th Street | Troy | NY | 12180 | PC | Grant to Public Charity | $5,000 | |
| American Friends of LSE | |||||||
| 424 West 33rd Street Suite 280 | New York | NY | 10001 | PC | Grant to Public Charity | $4,000 | |
| Junior League of Central Westcheste | |||||||
| 1039 Post Road | Scarsdale | NY | 10583 | PC | Grant to Public Charity | $900 | |
| Greenwich Academy | |||||||
| 200 N Maple Avenue | Greenwich | CT | 06830 | PC | Grant to Educational Institution | $2,500 | |
| Friends of Nantucket Public Schools | |||||||
| 10 Surfside Road | Nantucket | MA | 02554 | PC | Grant to Public Charity | $200 | |
| St Augustine's Food Pantry | |||||||
| 21 First Street | Troy | NY | 12180 | PC | Grant to Public Charity | $50 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $25,085 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $985 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,563 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,136 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $10,684 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $10,684 | 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 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investment expense | Desc |
| Revenue And Expenses Per Books | $2,580 | RevenueAndExpensesPerBooksAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $2,136 | RevenueAndExpensesPerBooksAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal investment tax | CategoryTxt |
| Amt | $62 | Amt |
Comments