CLEMENT AND KAREN ARRISON LEGACY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CLEMENT AND KAREN ARRISON LEGACY FOUNDATION (EIN 26-4663987)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-04-11
IRS object ID
201621029349100012
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)
Return2016-04-11T12:40:05-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN201536399PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PHILIP J TANTILLO CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line143 COURT ST STE 910AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14202ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264663987EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLEMENT AND KAREN ARRISONBusinessNameLine1Txt
Business Name Line2LEGACY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCLEMBusinessNameControlTxt
Phone7168810760PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135 LINCOLN PARKWAYAddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14222ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKAREN ARRISONPersonNm
Person TitlePRESIDENT/TRPersonTitleTxt
Phone7168810760PhoneNum
Signature2016-02-24SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPHILIP J TANTILLOPreparerPersonNm
PTINP01272891PTIN
Phone7168526981PhoneNum
Preparation2016-02-24PreparationDt
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$1,647,621FMVAssetsEOYAmt
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$32,185InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$27,560InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$32,185InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$543NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$19,466GrossSalesPriceAmt
Total Rev And Expnss$32,728TotalRevAndExpnssAmt
Total Net Invst Incm$27,560TotalNetInvstIncmAmt
Total Adj Net Incm$32,185TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$5,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,522TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,522TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,522TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$26,206ExcessRevenueOverExpensesAmt
Net Investment Income$27,560NetInvestmentIncomeAmt
Adjusted Net Income$32,185AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$698,205CashBOYAmt
Cash EOY$663,734CashEOYAmt
Cash EOYFMV$663,734CashEOYFMVAmt
US Government Obligations BOY$218,725USGovernmentObligationsBOYAmt
US Government Obligations EOY$202,225USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$235,998USGovtObligationsEOYFMVAmt
Mortgage Loans BOY$677,280MortgageLoansBOYAmt
Mortgage Loans EOY$754,457MortgageLoansEOYAmt
Mortgage Loans EOYFMV$747,889MortgageLoansEOYFMVAmt
Total Assets BOY$1,594,210TotalAssetsBOYAmt
Total Assets EOY$1,620,416TotalAssetsEOYAmt
Total Assets EOYFMV$1,647,621TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,594,210UnrestrictedBOYAmt
Unrestricted EOY$1,620,416UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,594,210TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,620,416TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,594,210TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,620,416TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,594,210TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$26,206ExcessRevenueOverExpensesAmt
Subtotal$1,620,416SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,620,416TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$1,575,657NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets Yr2$899,490NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3$1,100AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$837,876NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.001313DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,188AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$484,601NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.002452DistributionYr4Rt
Net Vl Noncharitable Assets Yr5$23,751NetVlNoncharitableAssetsYr5Amt
Total Distribution0.003765TotalDistributionRt
Average Distribution0.001883AverageDistributionRt
Net Vl Noncharitable Assets$1,618,078NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,047AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$276NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$3,323AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$551InvestmentIncomeExciseTaxAmt
Subtotal$551SubtotalAmt
Tax Based On Investment Income$551TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$625EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$625TotalPaymentsAndCreditsAmt
Overpayment$74OverpaymentAmt
Applied To ES Tax$74AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksKAREN ARRISONIndividualWithBooksNm
Phone7168810760PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135 LINCOLN PARKWAYAddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14222ZIPCd
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
KAREN ARRISON
35 LINCOLN PARKWAYBUFFALONY14222PRESIDENT/TR1.00$0$0$0
WILLARD B SAPERSTON
172 LAKE STREETHAMBURGNY14075DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NATURE'S WISDOM FARM IS A HOLISTICE AND INTEGRATIVE WELLNESS LEARNING CENTER. IT IS DEDICATED TO LIFE LONG LEARNING FOR BOTH HUMANS AND ANIMALS. WE ENCOURAGE NATURAL HEALING AND REHABILITATION THROUGH THE USE OF INTEGRATIVE WELLNESS PRACTICES WHICH BRING TOGETHER THE BEST OF ALL HEALING MODALITIES. WE ARE DEDICATED TO IMPROVING THE HUMAN/ANIMAL RELATIONSHIP THROUGH EDUCATIONAL PROGRAMS AND ACTIVITIES THAT PROMOTE A BETTER UNDERSTANDING OF ANIMALS, OUR ENVIORNMENT AND THE WISDOM OF NATURE AND HEALING. POSTURAL SEMINAR AT SPCA OF ERIE COUNTY WITH DR. KAREN GELLAMN, DVM. PHD OF EQUINE SPORTS MEDICINE. COLLABERATION WITH SPCA OF ERIE COUNTY REGARDING TEACHING BARN. PHOTONIC LIGHT THERAPY FOR EQUINE AND CANINE APPLICATIONS INCLUDING PURCHASE OF PHOTONIC (CLASS III COLD LASER)TORCH AND RESEARCH MATERIALS. REAL PROPERTY SEARCH.Description1Txt
Expenses1$6,522Expenses1Amt

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$857,049AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$785,670AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,642,719TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,642,719AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,641CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,618,078NetVlNoncharitableAssetsAmt
Minimum Investment Return$80,904MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$32,185CurrentYearAmt
Year1$35,494Year1Amt
Year2$12,326Year2Amt
Year3$9,602Year3Amt
Total$89,607TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$27,357CurrentYearAmt
Year1$30,170Year1Amt
Year2$10,477Year2Amt
Year3$8,162Year3Amt
Total$76,166TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Year3$1,100Year3Amt
Total$1,100TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Year3$1,100Year3Amt
Total$1,100TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$53,936CurrentYearAmt
Year1$52,522Year1Amt
Year2$29,983Year2Amt
Year3$27,929Year3Amt
Total$164,370TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,560ExclusionAmt
Related Or Exempt Function Incm$4,625RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$543RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$27,560ExclusionAmt
Related Or Exempt Function Incm$5,168RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$32,728TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Amt$5,000Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (6 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
8FHR 4023 3.500 111541-313714966-42012-03PURCHASE2015-01$4,000$4,000
8FHR 4023 3.500 111541-313716946-12012-03PURCHASE2015-02$1,000$1,000
8FHR 4023 3.500 111541-313718926-22012-03PURCHASE2015-03$2,000$2,000
8FHR 4023 3.500 111541-313722936-42012-03PURCHASE2015-04$4,000$4,000
FNR 13-121 MC 3.5%122543-3136AHEE6-22014-01PURCHASE2015-12$7,134$6,713$421
GNR 13-124 CT 3.5%082043-38378WVA8-52013-07PURCHASE2015-09$1,332$1,210$122

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
EXCISE TAX$1,247
CHARITIES REGISTRATION FEES$275

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