MARVIN AND MILDRED WEISS FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
MARVIN AND MILDRED WEISS FAMILY FOUNDATION (EIN 35-2049581)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-04-17
IRS object ID
201611089349100701
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)
Return2016-04-17T12:14:14-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352049581EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARVIN & MILDRED WEISS FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMARVBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1104 S MICHIGAN AVE SUITE 1300AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDONALD WEISSPersonNm
Person TitleDIRECTORPersonTitleTxt
Signature2016-03-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMITCHELL KNOPOFFPreparerPersonNm
PTINP00679753PTIN
Phone8472401040PhoneNum
Preparation2016-04-12PreparationDt
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$8,723FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
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$139DividendsRevAndExpnssAmt
Dividends Net Invst Incm$139DividendsNetInvstIncmAmt
Dividends Adj Net Incm$139DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$116NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$12,166GrossSalesPriceAmt
Total Rev And Expnss$26TotalRevAndExpnssAmt
Total Net Invst Incm$142TotalNetInvstIncmAmt
Total Adj Net Incm$142TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,125OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$5TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$590OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,720TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$11,432ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$11,432ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$14,152TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$11,432TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,126ExcessRevenueOverExpensesAmt
Net Investment Income$142NetInvestmentIncomeAmt
Adjusted Net Income$142AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$22,849CashBOYAmt
Cash EOY$8,630CashEOYAmt
Cash EOYFMV$8,630CashEOYFMVAmt
Prepaid Expenses EOY$93PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$93PrepaidExpensesEOYFMVAmt
Total Assets BOY$22,849TotalAssetsBOYAmt
Total Assets EOY$8,723TotalAssetsEOYAmt
Total Assets EOYFMV$8,723TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$22,849RetainedEarningBOYAmt
Retained Earning EOY$8,723RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$22,849TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,723TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$22,849TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,723TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$22,849TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,126ExcessRevenueOverExpensesAmt
Subtotal$8,723SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,723TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$23,572NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$9,999AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$27,541NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.363059DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$36,247NetVlNoncharitableAssetsYr3Amt
Net Vl Noncharitable Assets Yr4$32,209NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$19,999AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$51,024NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.391953DistributionYr5Rt
Total Distribution0.755012TotalDistributionRt
Average Distribution0.377506AverageDistributionRt
Net Vl Noncharitable Assets$19,700NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$7,437AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$7,438AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$11,432QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$96EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$96TotalPaymentsAndCreditsAmt
Overpayment$95OverpaymentAmt
Applied To ES Tax$95AppliedToESTaxAmt

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 ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressNONEWebsiteAddressTxt
Individual With BooksDONALD WEISSIndividualWithBooksNm
Phone3127543300PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1104 S MICHIGAN AVEAddressLine1Txt
Address Line2SUITE 1300AddressLine2Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
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

FieldValueIRS element (for citing)
PersonDONALD WEISSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1104 S MICHIGAN AVEAddressLine1Txt
Address Line2SUITE 1300AddressLine2Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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$20,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$20,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$20,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$300CashDeemedCharitableAmt
Net Vl Noncharitable Assets$19,700NetVlNoncharitableAssetsAmt
Minimum Investment Return$985MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$985MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$984DistributableBeforeAdjAmt
Distributable Before Ded$984DistributableBeforeDedAmt
Distributable As Adjusted$984DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$11,432ExpensesAndContributionsAmt
Qualifying Distributions$11,432QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$11,431AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$984DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$17,450ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$8,624ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$26,074TotalExcessDistributionCyovAmt
Qualifying Distributions$11,432QualifyingDistributionsAmt
Applied To Current Year$984AppliedToCurrentYearAmt
Remaining Distri From Corpus$10,448RemainingDistriFromCorpusAmt
Total Corpus$36,522TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$17,450ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$19,072ExcessDistriCyovToNextYrAmt
Excess From Year2$8,624ExcessFromYear2Amt
Excess From Current Year$10,448ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1WISEWAY CHARITABLE FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1104 S MICHIGAN AVEAddressLine1Txt
Address Line2SUITE 1300AddressLine2Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeORGANIZATION ACTIVITIESGrantOrContributionPurposeTxt
Amt$11,432Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$11,432TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$139ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$116RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Exclusion14ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$142ExclusionAmt
Related Or Exempt Function Incm-$116RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmt
ACCOUNTING$800
BMO TAX FEE$200

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
FEDERATED ULTRA SHORT FD2013-09PURCHASE2015-06$300$301-$1
FEDERATED ULTRA SHORT FD2013-09PURCHASE2015-07$500$502-$2
FEDERATED ULTRA SHORT FD2013-09PURCHASE2015-12$11,366$11,479-$113

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$590
MISCELLANEOUS

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$1,125Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$5Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.