BETA

Robert C Dart Foundation: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
Robert C Dart Foundation (EIN 20-5973757)
Tax period
2014-11-01 to 2015-10-31
Filed
2016-09-08
IRS object ID
201642529349100304
Schema version
2014v6.0
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)
Return2016-09-08T13:14:00-05:00ReturnTs
Tax Period End2015-10-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2014-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205973757EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Robert C Dart FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone5176763803PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 Hogsback RoadAddressLine1Txt
CityMasonCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48854ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFrancis X Liesman IIPersonNm
Person TitleAsst SecretaryPersonTitleTxt
Phone5176763803PhoneNum
Signature2016-08-25SignatureDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$24,036,833FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$116,792DividendsRevAndExpnssAmt
Dividends Net Invst Incm$116,792DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$116,792TotalRevAndExpnssAmt
Total Net Invst Incm$116,792TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Other Expenses Rev And Expnss$336OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$336OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$336TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$336TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,597,695ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,597,695ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,598,031TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,598,031TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,481,239ExcessRevenueOverExpensesAmt
Net Investment Income$116,792NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$25,918,830OtherInvestmentsBOYAmt
Other Investments EOY$23,437,591OtherInvestmentsEOYAmt
Other Investments EOYFMV$24,036,833OtherInvestmentsEOYFMVAmt
Total Assets BOY$25,918,830TotalAssetsBOYAmt
Total Assets EOY$23,437,591TotalAssetsEOYAmt
Total Assets EOYFMV$24,036,833TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$25,918,830RetainedEarningBOYAmt
Retained Earning EOY$23,437,591RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$25,918,830TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$23,437,591TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$25,918,830TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$23,437,591TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$25,918,830TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,481,239ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$23,437,591SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$23,437,591TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$2,059,654AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$26,755,034NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.076982DistributionYr1Rt
Adjusted Qlfy Distri Yr2$252,577AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$27,576,384NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.009159DistributionYr2Rt
Adjusted Qlfy Distri Yr3$312,720AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$27,845,199NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.011231DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,207,081AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$27,155,299NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.081276DistributionYr4Rt
Adjusted Qlfy Distri Yr5$3,249,886AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$18,266,072NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.177919DistributionYr5Rt
Total Distribution0.356567TotalDistributionRt
Average Distribution0.071313AverageDistributionRt
Net Vl Noncharitable Assets$24,490,366NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,746,481AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,168NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,747,649AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,598,031QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,168InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,168SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,168TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$8,849EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$8,849TotalPaymentsAndCreditsAmt
Overpayment$7,681OverpaymentAmt
Applied To ES Tax$7,681AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressForms 990-PF are available at www.guidestar.orgWebsiteAddressTxt
Individual With BooksTeri HullIndividualWithBooksNm
Phone5176763803PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 Hogsback RoadAddressLine1Txt
CityMasonCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48854ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (1)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmtAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
Robert C Dart
PO Box 30229Grand CaymanCJKY1-1201President, Treasurer, & Director0.00$0$0$0
James D Lammers
Secretary & Director0.00$0$0$0500 Hogsback RoadMasonMI48854
Francis X Liesman II
Assistant Secretary0.00$0$0$0500 Hogsback RoadMasonMI48854
Ariane M Dart
PO Box 30229Grand CaymanCJKY1-1201Director0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,693,690AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,169,626AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$24,863,316TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$24,863,316AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$372,950CashDeemedCharitableAmt
Net Vl Noncharitable Assets$24,490,366NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,224,518MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,224,518MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,168TaxBasedOnInvestmentIncomeAmt
Total Tax$1,168TotalTaxAmt
Distributable Before Adj$1,223,350DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,223,350DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,223,350DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,598,031ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$2,598,031QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,168PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$2,596,863AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,223,350DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$2,336,850ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$850,954ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$724,181ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,911,985TotalExcessDistributionCyovAmt
Qualifying Distributions$2,598,031QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,223,350AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,374,681RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$5,286,666TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$2,336,850ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,949,816ExcessDistriCyovToNextYrAmt
Excess From Year4$850,954ExcessFromYear4Amt
Excess From Year1$724,181ExcessFromYear1Amt
Excess From Current Year$1,374,681ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRobert C DartContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Central Caribbean Marine Institute Inc
PO Box 1461PrincetonNJ08542501(c)(3)Coral Nursery Project$62,695
Dart Foundation
500 Hogsback RoadMasonMI48854Private FoundationGeneral Operations$2,000,000
Out-of-Door Academy of Sarasota
444 Reid StreetSarasotaFL34242501(c)(3)General support$400,000
Olympian Foundation
1420 Bay Point RdSarasotaFL34236501(c)(3)General support$100,000
Ringling College of Art and Design Inc
2700 North Tamiami TrailSarasotaFL34234501(c)(3)General support$30,000
Child Protection Center Inc
720 South Orange AvenueSarasotaFL34236501(c)(3)General support$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,597,695TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$116,792ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$116,792ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$116,792TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdGrantGrantDtGrantGrantAmtPurpose Of GrantPurposeOfGrantTxtExpended By GranteeExpendedByGranteeAmtAny Diversion By GranteeAnyDiversionByGranteeTxtDates Of Reports By GranteeDatesOfReportsByGranteeTxt
Dart Foundation
500 Hogsback RdMasonMI488542014-05-23$2,000,000To fund the Dart Foundation's grant making activities$514,201NoAugust 20, 2015
Dart Foundation
500 Hogsback RdmasonMI488542015-03-24$2,000,000To fund the Dart Foundation's grant making activities$1,290,237NoAugust 20, 2015

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
JP Morgan MMAT COST$455$455
Wells Fargo SavingsAT COST$20,239,707$20,239,707
RBC Wealth ManagementAT COST$3,143,498$3,742,740
RBC Money MarketAT COST$53,931$53,931

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank FeesDesc
Revenue And Expenses Per Books$336RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$336DisbursementsCharitablePrpsAmt

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