STROUD FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: STROUD FOUNDATION (EIN 01-0793830)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-10-16
IRS object ID: 201712899349100736
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
Other Decreases Schedule
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-10-16T16:56:47-07:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLARENCE WHITE CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 5389	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	946050389	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	010793830	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Stroud Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	STRO	BusinessNameControlTxt
Phone	6303680511	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1900 Spring Road	AddressLine1Txt
City	Oak Brook	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60523	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Joseph A Stroud	PersonNm
Person Title	President	PersonTitleTxt
Signature	2017-10-16	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Clarence White CPA	PreparerPersonNm
PTIN	P00639084	PTIN
Phone	5103768346	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$100,000	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$90	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$90	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$90	InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss	$90	TotalRevAndExpnssAmt
Total Net Invst Incm	$90	TotalNetInvstIncmAmt
Total Adj Net Incm	$90	TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,012,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,012,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,012,000	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,012,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,011,910	ExcessRevenueOverExpensesAmt
Net Investment Income	$90	NetInvestmentIncomeAmt
Adjusted Net Income	$90	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,114,067	CashBOYAmt
Cash EOY	$102,157	CashEOYAmt
Other Nts And Loans Rcvbl	$100,000	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$100,000	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$100,000	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$100,000	OtherNtsAndLoansRcvblEOYFMVAmt
Prepaid Expenses BOY	$3,920	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$669	PrepaidExpensesEOYAmt
Total Assets BOY	$1,217,987	TotalAssetsBOYAmt
Total Assets EOY	$202,826	TotalAssetsEOYAmt
Total Assets EOYFMV	$100,000	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$8,920	AccountsPayableBOYAmt
Accounts Payable EOY	$8,920	AccountsPayableEOYAmt
Total Liabilities BOY	$8,920	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$8,920	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$1,209,067	UnrestrictedBOYAmt
Unrestricted EOY	$193,906	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,209,067	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$193,906	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,217,987	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$202,826	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,209,067	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,011,910	ExcessRevenueOverExpensesAmt
Subtotal	$197,157	SubtotalAmt
Other Decreases	$3,251	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$193,906	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$2	InvestmentIncomeExciseTaxAmt
Subtotal	$2	SubtotalAmt
Tax Based On Investment Income	$2	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$669	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$669	TotalPaymentsAndCreditsAmt
Overpayment	$667	OverpaymentAmt
Applied To ES Tax	$667	AppliedToESTaxAmt

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
Org Report Or Register State	IL	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	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

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

Field	Value	IRS element (for citing)
Phone	6303680511	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1900 Spring Road Suite 202	AddressLine1Txt
City	Oak Brook	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60523	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 (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
Joseph A Stroud
109 Indian Trail Road	Oak Brook	IL	60523	President	2.00	$0
Yvonne M Stroud
109 Indian Trail Road	Oak Brook	IL	60523	Secretary/Trea.	0.50	$0
Vonesca Stroud
460 McGraw Street	Seattle	WA	98109	Director	0.25	$0
Amber Stroud
109 Indian Trail Road	Oak Brook	IL	60523	Director	0.25	$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	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$0	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$0	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$0	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$0	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Tax Based On Investment Income	$2	TaxBasedOnInvestmentIncomeAmt
Total Tax	$2	TotalTaxAmt
Distributable Before Adj	$2	DistributableBeforeAdjAmt
Distributable Before Ded	$2	DistributableBeforeDedAmt
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,012,000	ExpensesAndContributionsAmt
Qualifying Distributions	$1,012,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$1,012,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$79,500	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3	$267,500	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$71,467	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$35,000	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$453,467	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,012,000	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus	$1,012,000	RemainingDistriFromCorpusAmt
Total Corpus	$1,465,467	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$79,500	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,385,967	ExcessDistriCyovToNextYrAmt
Excess From Year3	$267,500	ExcessFromYear3Amt
Excess From Year2	$71,467	ExcessFromYear2Amt
Excess From Year1	$35,000	ExcessFromYear1Amt
Excess From Current Year	$1,012,000	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	Joseph A Stroud President	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1900 Spring Road Suite 202	AddressLine1Txt
City	Oak Brook	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60523	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	2392984793	RecipientPhoneNum
Recipient Email Address	josephtroud@me.com	RecipientEmailAddressTxt
Form And Info And Materials	No Formal Application Required. A Request in Letter Form Setting Forth Details of Funds Requested Is Accetable.	FormAndInfoAndMaterialsTxt
Submission Deadlines	None	SubmissionDeadlinesTxt
Restrictions On Awards	None	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Americans for Huntington Initiative
18000 Oak Park Ave	Tinley Park	IL	60477	None	None	General Support	$7,000
Creative Kids Count Inc
4421 W Culbreath Ave	Tampa	FL	33609	None	None	General Support	$5,000
My Christian TV Eden Inc
1900 Spring Road Suite 202	Oak Brook	IL	60523	None	None	General Support	$1,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,012,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	1	ExclusionCd
Exclusion	$90	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$90	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$90	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 Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	Income Taxes Paid	Desc
Amt	$3,251	Amt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	Victorious Life Teach Embassy	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$100,000	BalanceDueAmt

STROUD FOUNDATION: Form 990PF, tax year 2016

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Comments