BETA

JAMES P BANKS FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
JAMES P BANKS FOUNDATION (EIN 47-5582111)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-01-30
IRS object ID
201730309349100503
Schema version
2015v3.0
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)
Return2017-01-30T13:53:11-06:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363856676PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KUTCHINS ROBBINS & DIAMOND LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11101 PERIMETER DR STE 760AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475582111EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES P BANKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone8472401040PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 GRAYSTONE CTAddressLine1Txt
CityN BARRINGTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP60010ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES P BANKSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8472401040PhoneNum
Signature2017-01-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALLEN I KUTCHINSPreparerPersonNm
PTINP00116318PTIN
Phone8472401040PhoneNum
Preparation2017-01-30PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,551,081FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,500,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$8,008InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8,008InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$10,780DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,780DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,295NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$60,295GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,295CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,521,083TotalRevAndExpnssAmt
Total Net Invst Incm$21,083TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$32,500CompOfcrDirTrstRevAndExpnssAmt
Pension Empl Bnft Rev And Expnss$968PensionEmplBnftRevAndExpnssAmt
Legal Fees Rev And Expnss$241LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$619AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$5,500OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,947OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$39,978TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,097TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$39,978TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,097TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,481,105ExcessRevenueOverExpensesAmt
Net Investment Income$15,986NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$692,995SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$692,995SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$7,576AcctRcvblAmt
Acct Rcvbl EOY$7,576AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$7,576AcctRcvblEOYFMVAmt
Corporate Stock EOY$1,176,176CorporateStockEOYAmt
Corporate Stock EOYFMV$1,221,867CorporateStockEOYFMVAmt
Corporate Bonds EOY$604,358CorporateBondsEOYAmt
Corporate Bonds EOYFMV$628,643CorporateBondsEOYFMVAmt
Total Assets EOY$2,481,105TotalAssetsEOYAmt
Total Assets EOYFMV$2,551,081TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted EOY$2,481,105UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances EOY$2,481,105TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,481,105TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$2,481,105ExcessRevenueOverExpensesAmt
Subtotal$2,481,105SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,481,105TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICALLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$60,295GrossSalesPriceAmt
Cost Or Other Basis$58,000CostOrOtherBasisAmt
Gain Or Loss$2,295GainOrLossAmt
Gains Minus Excess Or Losses$2,295GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$2,295CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,295NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$320InvestmentIncomeExciseTaxAmt
Subtotal$320SubtotalAmt
Tax Based On Investment Income$320TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$500AppliedToEsTaxAmt
Total Payments And Credits$500TotalPaymentsAndCreditsAmt
Overpayment$180OverpaymentAmt
Applied To ES Tax$180AppliedToESTaxAmt

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 StateILOrgReportOrRegisterStateCd
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 Line1KUTCHINS ROBBINS & DIAMONDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8472401040PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11101 PERIMETER DRIVEAddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES P BANKS
18 GRAYSTONE CTN BARRINGTONIL60010PRESIDENT1.00$0$0$0
MARTI JADD
18 GRAYSTONE CTN BARRINGTONIL60010SEC/PUB RELA40.00$32,500$0$0
JOSEPH O'BREIN SR
18 GRAYSTONE CTN BARRINGTONIL60010TREASURER1.00$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$605,019AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$721,049AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,326,068TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,326,068AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$19,891CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,306,177NetVlNoncharitableAssetsAmt
Minimum Investment Return$65,309MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$65,309MinimumInvestmentReturnAmt
Tax Based On Investment Income$320TaxBasedOnInvestmentIncomeAmt
Total Tax$320TotalTaxAmt
Distributable Before Adj$64,989DistributableBeforeAdjAmt
Distributable Before Ded$64,989DistributableBeforeDedAmt
Distributable As Adjusted$64,989DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$64,989DistributableAsAdjustedAmt
Undistributed Income CY$64,989UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES P BANKSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,008ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,780ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$2,295ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,083ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,083TotalIncomeProducingActyAmt

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 PersonJAMES P BANKSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line118 GRAYSTONE CTAddressLine1Txt
CityN BARRINGTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP60010ZIPCd
FieldValueIRS element (for citing)
Total Contributions$2,500,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$619Amt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (23 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
VIACOM INC$27,534$27,558
VALERO ENERGY$27,463$28,215
ONEOK PARTNERS$20,336$20,546
FORD MOTOR CREDIT$28,416$28,418
AT&T INC$26,699$27,455
JP MORGAN CHASE$26,837$27,821
LINCOLN NATIONAL$21,240$21,451
WELLS FARGO$26,104$26,915
CITIGROUP$26,520$26,820
CNA FINANCIAL$24,095$24,269
REALTY INCOME$25,781$26,257
WALGREENS BOOT ALLIANCE$26,040$26,487
BIOGEN INC$20,321$21,529
HSBC HOLDINGS$26,221$26,439
DOW CHEMICAL$32,684$33,520
GOLDMAN SACHS$26,634$27,351
IBM CORP$29,370$32,526
COMCAST CORP$27,064$27,584
FEDEX CORP$26,110$28,376
GILEAD SCIENCES INC$26,794$27,798
VERIZON GLOBAL$27,152$30,346
MCDONALDS CORP$25,182$28,201
CATERPILLAR$29,761$32,761

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (30 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COMCAST CORP$5,250$5,629
GATX CORP$22,020$22,500
JP MORGAN CHASE$11,097$11,369
METLIFE INC$8,037$8,339
MORGAN STANLEY$12,417$12,420
NEXTERA ENERGY CAP$5,538$5,603
PUBLIC STORAGE$5,376$5,567
THE ALLSTATE CORP$13,805$14,677
US BANCORP$13,004$14,014
VERIZON COMM INC$8,391$8,388
WELLS FARGO$10,660$10,768
APPLE INC$99,730$95,600
ASTON DOUBLELINE CORE$37,965$39,270
DOUBLELINE TOTAL RETURN$53,283$53,480
EATON VANCE HIGH INCOME$23,024$24,515
ISHARES TIPS$25,394$25,667
ISHARES US PREFERRED$30,713$31,513
SUNAMERICA FLEXIBLE$25,034$25,034
TEMPLETON GLOBAL$22,820$23,774
CONSUMER DISCRETIONARY$90,596$93,360
HEALTH CARE SELECT$83,674$85,616
MATERIALS SELECT$14,069$15,200
SECTOR SPDR CONSMRS$89,420$97,174
SECTOR SPDR ENERGY$42,254$47,632
SECTOR SPDR INDUSTRIAL$102,265$109,668
SECTOR SPDR UTILTIES$42,531$49,374
SPDR KBW INSURANCE$28,040$27,733
VANGUARD FINANCIALS ETF$108,446$109,970
VANGUARD INFORMATION$119,413$122,725
VANGUARD TELECOMM SRVCS$21,910$25,288

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$241LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES$150$150

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
INVESTMENT MANAGEMENT$4,947$4,947
PAYROLL PROCESSING$553

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonJAMES P BANKSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 GRAYSTONE CTAddressLine1Txt
CityN BARRINGTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP60010ZIPCd

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