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RICHARD BURY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
RICHARD BURY FOUNDATION INC (EIN 45-0544142)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-13
IRS object ID
201601349349103130
Schema version
2015v2.1
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)
Return2016-05-13T17:38:28-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411854514PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERT E GANN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1INTREPID FINANCIAL GROUP INCAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55416ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450544142EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD BURY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRICHBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line17271 KURVERS POINT RDAddressLine1Txt
CityCHANHASSENCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55317ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBLAIR BURYPersonNm
Person TitleBOARD MEMBERPersonTitleTxt
Signature2016-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT E GANN JRPreparerPersonNm
PTINP01254703PTIN
Phone9525252283PhoneNum
Preparation2016-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$281,629FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss$3,932OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$3,932OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$8,932TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$3,932TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$300AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$300AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$3,932TaxesRevAndExpnssAmt
Taxes Adj Net Incm$3,932TaxesAdjNetIncmAmt
Deprec And Dpltn Rev And Expnss$5,769DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$25OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,026TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$325TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,932TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,525ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,525ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,551TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$325TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,932TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,525TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,619ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,476CashBOYAmt
Cash EOY$6,626CashEOYAmt
Cash EOYFMV$6,629CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$275,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$52,163LandBldgEquipAccumDeprecAmt
Land BOY$228,606LandBOYAmt
Land EOY$222,837LandEOYAmt
Land EOYFMV$275,000LandEOYFMVAmt
Total Assets BOY$232,082TotalAssetsBOYAmt
Total Assets EOY$229,463TotalAssetsEOYAmt
Total Assets EOYFMV$281,629TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$232,082RetainedEarningBOYAmt
Retained Earning EOY$229,463RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$232,082TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$229,463TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$232,082TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$229,463TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$232,082TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,619ExcessRevenueOverExpensesAmt
Subtotal$229,463SubtotalAmt
Tot Net Ast Or Fund Balances EOY$229,463TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,200AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$4,609NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.260360DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,300AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,842NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.705755DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,707AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$767NetVlNoncharitableAssetsYr3Amt
Distribution Yr33.529335DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,367AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,191NetVlNoncharitableAssetsYr4Amt
Distribution Yr44.506297DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,840AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,466NetVlNoncharitableAssetsYr5Amt
Distribution Yr53.983629DistributionYr5Rt
Total Distribution12.985376TotalDistributionRt
Average Distribution2.597075AverageDistributionRt
Net Vl Noncharitable Assets$3,811NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$9,897AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$9,897AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,525QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateMNOrgReportOrRegisterStateCd
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
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone6126192074PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17271 KURVERS POINT ROADAddressLine1Txt
CityCHANHASSENCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55317ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BLAIR BURY
7271 KURVERS POINT RDCHANHASSENMN55317BOARD MEMBER1.00$0$0$0
BEVERLY SYLVESTRE
13386 KERRY LANEEDEN PRAIRIEMN55346BOARD MEMBER1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,869AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,869TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,869AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$58CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,811NetVlNoncharitableAssetsAmt
Minimum Investment Return$191MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$191MinimumInvestmentReturnAmt
Distributable Before Adj$191DistributableBeforeAdjAmt
Distributable Before Ded$191DistributableBeforeDedAmt
Distributable As Adjusted$191DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,525ExpensesAndContributionsAmt
Qualifying Distributions$1,525QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,525AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$191DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,767ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,307ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,669ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,208ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$970ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$15,921TotalExcessDistributionCyovAmt
Qualifying Distributions$1,525QualifyingDistributionsAmt
Applied To Current Year$191AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,334RemainingDistriFromCorpusAmt
Total Corpus$17,255TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,767ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,488ExcessDistriCyovToNextYrAmt
Excess From Year4$5,307ExcessFromYear4Amt
Excess From Year3$2,669ExcessFromYear3Amt
Excess From Year2$1,208ExcessFromYear2Amt
Excess From Year1$970ExcessFromYear1Amt
Excess From Current Year$1,334ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SHARING & CARING HANDS
525 N 7TH STMINNEAPOLISMN55405NONEPCENTITIES GENERAL FUND$1,500
CATHOLIC CHARITIES
1200 2ND AVE SMINNEAPOLISMN55403NONEPCGENERAL FUND OF ORGANIZATION$25
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,525TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Rev Part VII ProgramServiceRevPartVIIGrp

FieldValueIRS element (for citing)
DescSUBSIDIZED RENTDesc
Exclusion16ExclusionCd
Exclusion$3,932ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,932ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,932TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1ALineNumberTxt
Relationship StatementTHE FOUNDATION OWNS AND LEASES A BUILDING IN CROSS LAKE MN TO AN UNRELATED 501(C)(3)ORGANIZATION. RENTS CHARGED TO THE UNAFFILIATED EXEMPT ORGANIZATION ARE AT LESS THAN FAIR VALUE FOR THE PURPOSE OF AIDING THE TENANTS EXEMPT FUNCTIONRelationshipStatementTxt

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 PersonRICHARD BURYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11511 HERON DRAddressLine1Txt
CityCHANHASSENCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55317ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$300Amt
Net Investment Income$300NetInvestmentIncomeAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmt
CROSS LAKE LAND2006-12-27$50,000
CROSS LAKE BUILDING2006-12-27$225,000$46,394S/L39.0000$5,769

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
CROSS LAKE BUILDING$225,000$52,163$172,837$225,000
LAND$50,000$50,000$50,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ATTORNEY GENERAL FILING FEE$25$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescSUBSIDIZED RENTDesc
Revenue And Expenses Per Books$3,932RevenueAndExpensesPerBooksAmt
Adjusted Net Income$3,932AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryREAL ESTATE TAXESCategoryTxt
Amt$3,932Amt
Adjusted Net Income$3,932AdjustedNetIncomeAmt

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