DOWNEY FAMILY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
DOWNEY FAMILY FOUNDATION INC (EIN 82-0577920)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-12
IRS object ID
201741329349102944
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)
Return2017-05-12T16:36:25-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SILICON PARK TAX CONSULTANTSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11520 The Alameda 120AddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95126ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN820577920EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOWNEY FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOWNBusinessNameControlTxt
Phone4089979632PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12914 BIRD ROCK ROADAddressLine1Txt
CityPEBBLE BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93953ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL DOWNEYPersonNm
Person TitlePresidentPersonTitleTxt
Signature2017-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVE PIROTTA - EAPreparerPersonNm
PTINP00044891PTIN
Phone4082805400PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$22,810DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,810DividendsNetInvstIncmAmt
Dividends Adj Net Incm$22,810DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$9,838NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$177,553GrossSalesPriceAmt
Total Rev And Expnss$32,975TotalRevAndExpnssAmt
Total Net Invst Incm$22,813TotalNetInvstIncmAmt
Total Adj Net Incm$22,813TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$6,041OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,041TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$37,158ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$37,158ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$43,199TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$37,158TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$10,224ExcessRevenueOverExpensesAmt
Net Investment Income$22,813NetInvestmentIncomeAmt
Adjusted Net Income$22,813AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,278CashBOYAmt
Cash EOY$7,086CashEOYAmt
Sav And Temp Cash Invst BOY$22,618SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,000SavAndTempCashInvstEOYAmt
Other Investments BOY$592,899OtherInvestmentsBOYAmt
Other Investments EOY$588,485OtherInvestmentsEOYAmt
Total Assets BOY$625,795TotalAssetsBOYAmt
Total Assets EOY$615,571TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$625,795CapitalStockBOYAmt
Capital Stock EOY$615,571CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$625,795TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$615,571TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$625,795TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$615,571TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$625,795TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$10,224ExcessRevenueOverExpensesAmt
Subtotal$615,571SubtotalAmt
Tot Net Ast Or Fund Balances EOY$615,571TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
WFA TRADES #2756-1497P2016-01-012016-01-01$11,793$11,782$11$11
WFA TRADES #2756-1497P2016-01-012016-01-01$147,093$157,609-$10,516-$10,516
WFA TRADES #2756-1497P2016-01-012016-01-01$18,667$18,000$667$667
FieldValueIRS element (for citing)
Capital Gain Net Income-$9,838CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$9,838NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$41,549AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$60,441AdjustedQlfyDistriYr2Amt
Adjusted Qlfy Distri Yr3$91,650AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$663,100NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.13821DistributionYr3Rt
Adjusted Qlfy Distri Yr4$32,075AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$685,536NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04679DistributionYr4Rt
Adjusted Qlfy Distri Yr5$18,010AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$663,734NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.02713DistributionYr5Rt
Total Distribution0.212136TotalDistributionRt
Average Distribution0.042427AverageDistributionRt
Net Investment Income Pct$228NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$228AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$37,158QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$228InvestmentIncomeExciseTaxAmt
Subtotal$228SubtotalAmt
Tax Based On Investment Income$228TaxBasedOnInvestmentIncomeAmt
Tax Due$228TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
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 Line1MICHAEL DOWNEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4089979632PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12914 BIRD ROCK ROADAddressLine1Txt
CityPEBBLE BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93953ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MICHAEL P DOWNEY
2914 BIRD ROCK ROADPEBBLE BEACHCA93953President & CFO1.00$0
JERI JEAN DOWNEY
2914 BIRD ROCK ROADPEBBLE BEACHCA93953Secretary1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$228TaxBasedOnInvestmentIncomeAmt
Total Tax$228TotalTaxAmt
Distributable Before Adj$228DistributableBeforeAdjAmt
Distributable Before Ded$228DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$37,158ExpensesAndContributionsAmt
Qualifying Distributions$37,158QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$228PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$36,930AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$60,656ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$41,800ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$102,456TotalExcessDistributionCyovAmt
Qualifying Distributions$37,158QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$37,158RemainingDistriFromCorpusAmt
Total Corpus$139,614TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$139,614ExcessDistriCyovToNextYrAmt
Excess From Year2$60,656ExcessFromYear2Amt
Excess From Year1$41,800ExcessFromYear1Amt
Excess From Current Year$37,158ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MONTEREY CHURCH
401 ALVARADO STMONTEREYCA93940NONEGENERAL SUPPORT$22,700
MONTEREY MINISTRIES
432 ALVARADO ST STE BMONTEREYCA93940NONEGENERAL SUPPORT$8,000
VICTORIOUS MINISTRY THROUGH CHRIST
120 TRISMEN TERRACEWINTER PARKFL32789NONEGENERAL SUPPORT$2,000
CAMPUS CRUSADE FOR CHRIST CRU
100 LAKE HART DRIVE 2200ORLANDOFL32832NONEGENERAL SUPPORT$2,500
COMPASSION INTERNATIONAL
12290 VOYAGER PARKWAYCOLORADO SPRINGSCO80921NONEGENERAL SUPPORT$1,958
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$37,158TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,810RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$9,838RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,975RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,975TotalIncomeProducingActyAmt

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 PersonMICHAEL P DOWNEYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12914 BIRD ROCK ROADAddressLine1Txt
CityPEBBLE BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93953ZIPCd
FieldValueIRS element (for citing)
Total Contributions$20,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryWELLS FARGO ADVISORY FEECategoryTxt
Amt$6,041Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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