KLIMKIEWICZ FAM FOUNDATION TR: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KLIMKIEWICZ FAM FOUNDATION TR (EIN 54-6658079)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-15
IRS object ID
202523199349100312
Schema version
2024v5.2
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)
Return2025-11-15T07:38:38-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1300 E Main St Ste 1300AddressLine1Txt
CityNorfolkCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23510ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN546658079EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Klimkiewicz Family FoundationBusinessNameLine1Txt
Business Name Line2c/o B June Klimkiewicz TrusteeBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% KLIMKIEWICZ FAMILY FOUNDATIOInCareOfNm
Business Name ControlKLIMBusinessNameControlTxt
Phone7579619926PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11501 Duke of Windsor RoadAddressLine1Txt
CityVirginia BeachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23454ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJune KlimkiewiczPersonNm
Person TitleTrusteePersonTitleTxt
Phone7579619926PhoneNum
Signature2025-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTODD TERESCOPreparerPersonNm
PTINP00247720PTIN
Phone7576407190PhoneNum
Preparation2025-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$57,618FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$205,097ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$0NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$205,097GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,957CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$205,097TotalRevAndExpnssAmt
Total Net Invst Incm$5,957TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$5,355TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5,355TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,355TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,355TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$224,601ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$224,601ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$229,956TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,355TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$224,601TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$24,859ExcessRevenueOverExpensesAmt
Net Investment Income$602NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$82,477CashBOYAmt
Cash EOY$57,618CashEOYAmt
Cash EOYFMV$57,618CashEOYFMVAmt
Total Assets BOY$82,477TotalAssetsBOYAmt
Total Assets EOY$57,618TotalAssetsEOYAmt
Total Assets EOYFMV$57,618TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$82,477NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$57,618NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$82,477TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$57,618TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$82,477TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$57,618TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$82,477TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$24,859ExcessRevenueOverExpensesAmt
Subtotal$57,618SubtotalAmt
Tot Net Ast Or Fund Balances EOY$57,618TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1901 SHS DELL STOCK2024-01-102024-01-18$151,964$146,586$5,378$5,378
169 SHS APPLE STOCK2024-01-102024-01-18$31,434$31,288$146$146
34 SHS ELI LILLY AND COMPANY STOCK2024-01-102024-01-18$21,699$21,266$433$433
FieldValueIRS element (for citing)
Capital Gain Net Income$5,957CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8InvestmentIncomeExciseTaxAmt
Subtotal$8SubtotalAmt
Tax Based On Investment Income$8TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,584EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$2,584TotalPaymentsAndCreditsAmt
Overpayment$2,576OverpaymentAmt
Applied To ES Tax$2,576AppliedToESTaxAmt

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
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 Line1KLIMKIEWICZ FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7579619926PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11501 DUKE OF WINDSOR ROADAddressLine1Txt
Cityvirginia beachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23454ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
B JUNE KLIMKIEWICZ
1501 Duke of Windsor RoadVirginia BeachVA23454TRUSTEE0.5$0$0$0
D KEITH KLIMKIEWICZ
1501 Duke of Windsor RoadVirginia BeachVA23454TRUSTEE0$0$0$0
ELIZABETH CIOLFI
1501 Duke of Windsor RoadVirginia BeachVA23454TRUSTEE0$0$0$0
STEPHEN DEWITT KLIMKIEWICZ
1501 Duke of Windsor RoadVirginia BeachVA23454TRUSTEE0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$263,051AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$263,051TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$263,051AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,946CashDeemedCharitableAmt
Net Vl Noncharitable Assets$259,105NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,955MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,955MinimumInvestmentReturnAmt
Tax Based On Investment Income$8TaxBasedOnInvestmentIncomeAmt
Total Tax$8TotalTaxAmt
Distributable Before Adj$12,947DistributableBeforeAdjAmt
Distributable Before Ded$12,947DistributableBeforeDedAmt
Distributable As Adjusted$12,947DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$224,601ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$224,601QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,947DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$138,619ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$203,554ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$205,831ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$228,951ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$191,061ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$968,016TotalExcessDistributionCyovAmt
Qualifying Distributions$224,601QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$12,947AppliedToCurrentYearAmt
Remaining Distri From Corpus$211,654RemainingDistriFromCorpusAmt
Total Corpus$1,179,670TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$138,619ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,041,051ExcessDistriCyovToNextYrAmt
Excess From Year4$203,554ExcessFromYear4Amt
Excess From Year3$205,831ExcessFromYear3Amt
Excess From Year2$228,951ExcessFromYear2Amt
Excess From Year1$191,061ExcessFromYear1Amt
Excess From Current Year$211,654ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerB JUNE KLIMKIEWICZContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Fanconi Anemia Research Fund
360 E 10th Ave Suite 201EugeneOR97401NONEPCFURTHER DONEE'S CHARITABLE PURPOSE.$175,000
CHKD
601 childrens laneNorfolkVA23507NONEPCFURTHER DONEE'S CHARITABLE PURPOSE.$12,500
Cape Henry Collegiate
1320 MILL DAM ROADVIRGINIA BEACHVA23454NONEPCFURTHER DONEE'S CHARITABLE PURPOSE.$25,000
Langley Residential Support Services
2070 Chain Bridge Road ste G55ViennaVA22182NONEPCFURTHER DONEE'S CHARITABLE PURPOSE.$10,000
Foodbank of Southeastern Virginia
800 Tidewater DriveNorfolkVA23504NONEPCFURTHER DONEE'S CHARITABLE PURPOSE.$1,000
D-FEET Cancer
2504 Early CTVIRGINIA BEACHVA23454NONEFURTHER DONEE'S CHARITABLE PURPOSE.$1,101
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$224,601TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Dividends And Interest From Sec DtlDividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp
Subtotals Incm Producing ActySubtotalsIncmProducingActyGrp

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 PersonDONALD F KLIMKIEWICZContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11501 Duke of Windsor RdAddressLine1Txt
CityVirginia BeachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23454ZIPCd
FieldValueIRS element (for citing)
Total Contributions$205,097TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property34 SHS LILLY ELI AND COMPANY STOCK 1,901 SHS DELL TECH CLASS C STOCK 169 SHS APPLE INC STOCKNoncashPropertyDesc
Fair Market Value$205,097FairMarketValueAmt
Received2024-01-10ReceivedDt

Depreciation Schedule DepreciationSchedule

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
2023 FEDERAL TAX PAYMENTS$2,771$2,771
2024 FEDERAL ESTIMATE PAYMENTS$2,584$2,584

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