UPSIDE DOWN FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
UPSIDE DOWN FOUNDATION (EIN 20-3701540)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-15
IRS object ID
201711359349102346
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)
Return2017-05-15T13:32:46-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954659692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUCAS HORSFALL MURPHY & PINDROH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 E CORSON ST STE 200AddressLine1Txt
CityPASADENACityNm
State AbbreviationCAStateAbbreviationCd
ZIP911033841ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203701540EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UPSIDE DOWN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUPSIBusinessNameControlTxt
Phone8189524120PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1399 FLINTRIDGE OAKS DRAddressLine1Txt
CityLA CANADACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91011ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJERRY WADAPersonNm
Person TitlePRESIDENT & DIRPersonTitleTxt
Signature2017-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIE LEEPreparerPersonNm
PTINP00914531PTIN
Phone6267445100PhoneNum
Preparation2017-05-12PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdCCCA9011C19B24D830D07A6325CD33DBF1792E80AtSubmissionCreationDeviceId
At Submission Filing Device Id486853E74F690AAAF47EBE1803FAF9551AEBAC8EAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$839,851FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$17,578ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$9,542DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,542DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$13,311NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$79,820GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$13,311CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$40,431TotalRevAndExpnssAmt
Total Net Invst Incm$22,853TotalNetInvstIncmAmt
Taxes Rev And Expnss$247TaxesRevAndExpnssAmt
Taxes Net Invst Incm$247TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$247TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$247TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$55,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$55,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$55,247TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$247TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$55,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,816ExcessRevenueOverExpensesAmt
Net Investment Income$22,606NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$18,302SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,770SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,770SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$553,695CorporateStockBOYAmt
Corporate Stock EOY$554,347CorporateStockEOYAmt
Corporate Stock EOYFMV$792,633CorporateStockEOYFMVAmt
Other Investments BOY$44,772OtherInvestmentsBOYAmt
Other Investments EOY$45,836OtherInvestmentsEOYAmt
Other Investments EOYFMV$45,448OtherInvestmentsEOYFMVAmt
Total Assets BOY$616,769TotalAssetsBOYAmt
Total Assets EOY$601,953TotalAssetsEOYAmt
Total Assets EOYFMV$839,851TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$616,769RetainedEarningBOYAmt
Retained Earning EOY$601,953RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$616,769TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$601,953TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$616,769TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$601,953TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$616,769TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,816ExcessRevenueOverExpensesAmt
Subtotal$601,953SubtotalAmt
Tot Net Ast Or Fund Balances EOY$601,953TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
101.288 SHS HUMANA INC.D2016-05-162016-05-31$17,718$17,578$140$140
25 SHS ALPHABET INC CL AD2014-12-312016-06-03$18,743$11,629$7,114$7,114
325 SHS CERNER CORPD2016-08-08$20,111$21,792-$1,681-$1,681
150 SHS BERKSHIRE HATHAWAY INCD2014-12-312016-09-08$22,643$15,510$7,133$7,133
FieldValueIRS element (for citing)
Capital Gain Net Income$13,311CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$140NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$47,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$784,814NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.059887DistributionYr1Rt
Adjusted Qlfy Distri Yr2$149,613AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$744,933NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.200841DistributionYr2Rt
Adjusted Qlfy Distri Yr3$118,750AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$695,150NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.170826DistributionYr3Rt
Adjusted Qlfy Distri Yr4$157,056AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$308,854NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.508512DistributionYr4Rt
Adjusted Qlfy Distri Yr5$248,120AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$345,586NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.717969DistributionYr5Rt
Total Distribution1.658035TotalDistributionRt
Average Distribution0.331607AverageDistributionRt
Net Vl Noncharitable Assets$811,181NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$268,993AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$226NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$269,219AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$55,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$452InvestmentIncomeExciseTaxAmt
Subtotal$452SubtotalAmt
Tax Based On Investment Income$452TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$260EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$192AppliedToEsTaxAmt
Total Payments And Credits$452TotalPaymentsAndCreditsAmt

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 StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1JERRY WADABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8189524120PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1399 FLINTRIDGE OAKS DRAddressLine1Txt
CityLA CANADACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91011ZIPCd
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
JERRY WADA
399 FLLINTRIDGE OAKS DRLA CANADACA91011PRESIDENT &000.00$0$0$0
JANE WADA
399 FLINTRIDGE OAKS DRLA CANADACA91011SECRETARY &000.00$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$813,498AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,036AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$823,534TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$823,534AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,353CashDeemedCharitableAmt
Net Vl Noncharitable Assets$811,181NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,559MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,559MinimumInvestmentReturnAmt
Tax Based On Investment Income$452TaxBasedOnInvestmentIncomeAmt
Total Tax$452TotalTaxAmt
Distributable Before Adj$40,107DistributableBeforeAdjAmt
Distributable Before Ded$40,107DistributableBeforeDedAmt
Distributable As Adjusted$40,107DistributableAsAdjustedAmt

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$40,107DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$231,121ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$141,725ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$84,545ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$112,613ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$8,017ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$578,021TotalExcessDistributionCyovAmt
Qualifying Distributions$55,000QualifyingDistributionsAmt
Applied To Current Year$40,107AppliedToCurrentYearAmt
Remaining Distri From Corpus$14,893RemainingDistriFromCorpusAmt
Total Corpus$592,914TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$231,121ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$361,793ExcessDistriCyovToNextYrAmt
Excess From Year4$141,725ExcessFromYear4Amt
Excess From Year3$84,545ExcessFromYear3Amt
Excess From Year2$112,613ExcessFromYear2Amt
Excess From Year1$8,017ExcessFromYear1Amt
Excess From Current Year$14,893ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJERRY AND JANE WADAContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJERRY WADARecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1399 FLINTRIDGE OAKS DRIVEAddressLine1Txt
CityLA CANADACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91011ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8189524120RecipientPhoneNum
Recipient Email AddressJWADA@EARTHLINK.NETRecipientEmailAddressTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ROBERT AND PEARL ALLEN
P O BOX 59MOKELUMNE HILLCA95245NONECHURCHMISSION WORK$20,000
EPICENTRE CHURCH
1539 E HOWARD STPASADENACA91104NONECHURCHMISSION WORK$10,000
JASON KERNER
19500 SW ALDERWOOD CTALOHAOR97003NONEINDIVIDUALMISSIONARY IN IRAQ$10,000
JEFF CLARA CHAN
2208 S DATE AVEALHAMBRACA91803NONEINDIVIDUALMISSIONARIES IN MALAWI$15,000
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$9,542ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,311ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,853ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,853TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJERRY WADAContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1399 FLINTRIDGE OAKS DRAddressLine1Txt
CityLA CANADACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91011ZIPCd
FieldValueIRS element (for citing)
Total Contributions$17,578TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property101.2879 HUMANA INC. STOCKNoncashPropertyDesc
Fair Market Value$17,578FairMarketValueAmt
Received2016-05-10ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockVARIOUS PUBLICLY-TRADED SECURIStockNm
EOY Book Value$554,347EOYBookValueAmt
EOYFMV$792,633EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemJANUS TWENTYCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$45,836BookValueAmt
EOYFMV$45,448EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
STATE FILING FEES$35$35
IRS TAX ON INVESTMENT INCOME$212$212

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