JOHN AND URSULA KANEL CHARITABLE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
JOHN AND URSULA KANEL CHARITABLE FOUNDATION (EIN 95-4400580)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-28
IRS object ID
202513019349101501
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)
Return2025-10-28T14:31:30-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954689174PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Platform IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11615 E Skyline DriveAddressLine1Txt
CityLa Habra HeightsCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90631ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954400580EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1John and Ursula Kanel CharitableBusinessNameLine1Txt
Business Name Line2Foundation co Alan T YoshitakeBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlJOHNBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1601 S Figueroa St 3300AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAlan T YoshitakePersonNm
Person TitleSecretaryPersonTitleTxt
Signature2025-10-28SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBrian J EganPreparerPersonNm
PTINP00357385PTIN
Phone2135055011PhoneNum
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$6,696,226FMVAssetsEOYAmt
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$201,493DividendsRevAndExpnssAmt
Dividends Net Invst Incm$201,493DividendsNetInvstIncmAmt
Dividends Adj Net Incm$201,493DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$16,661NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,545,576GrossSalesPriceAmt
Net ST Capital Gain Adj Net Incm$36,940NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$184,832TotalRevAndExpnssAmt
Total Net Invst Incm$201,493TotalNetInvstIncmAmt
Total Adj Net Incm$238,433TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$44,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$44,000CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$23,054LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$23,054LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$6,706AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$6,706AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$45,756OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$45,756OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$8,100TaxesRevAndExpnssAmt
Taxes Net Invst Incm$8,100TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$8,100TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$127,616TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$53,856TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$81,860TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$278,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$278,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$406,116TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$53,856TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$360,360TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$221,284ExcessRevenueOverExpensesAmt
Net Investment Income$147,637NetInvestmentIncomeAmt
Adjusted Net Income$238,433AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$352,099SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$266,318SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$266,318SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$220,265USGovernmentObligationsBOYAmt
US Government Obligations EOY$183,771USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$166,577USGovtObligationsEOYFMVAmt
Corporate Stock BOY$5,345,834CorporateStockBOYAmt
Corporate Stock EOY$5,149,124CorporateStockEOYAmt
Corporate Stock EOYFMV$6,019,316CorporateStockEOYFMVAmt
Corporate Bonds BOY$152,180CorporateBondsBOYAmt
Corporate Bonds EOY$249,881CorporateBondsEOYAmt
Corporate Bonds EOYFMV$244,015CorporateBondsEOYFMVAmt
Total Assets BOY$6,070,378TotalAssetsBOYAmt
Total Assets EOY$5,849,094TotalAssetsEOYAmt
Total Assets EOYFMV$6,696,226TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY$7,256,181AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$7,256,181AdditionalPaidInCapitalEOYAmt
Retained Earning BOY-$1,185,803RetainedEarningBOYAmt
Retained Earning EOY-$1,407,087RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$6,070,378TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,849,094TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$6,070,378TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,849,094TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,070,378TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$221,284ExcessRevenueOverExpensesAmt
Subtotal$5,849,094SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,849,094TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Shares at Merrill LynchP2024-01-012024-12-31$1,018,230$981,290$36,940$36,940
Shares at Merrill LynchP2016-01-012024-12-31$1,527,346$1,580,947-$53,601-$53,601
FieldValueIRS element (for citing)
Capital Gain Net Income-$16,661CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$36,940NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,052InvestmentIncomeExciseTaxAmt
Subtotal$2,052SubtotalAmt
Tax Based On Investment Income$2,052TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$7,505EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$7,505TotalPaymentsAndCreditsAmt
Overpayment$5,453OverpaymentAmt
Applied To ES Tax$5,453AppliedToESTaxAmt

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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Alan T YoshitakeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2135055011PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1601 S Figueroa StNo 3300AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900175793ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Alan T Yoshitake
601 S Figueroa St Suite 3300Los AngelesCA900175793Director3.00$22,000
Victor Anderson
2027-1 Gavin LaneDiamond BarCA91765Director3.00$22,000
Tetsu Tanimoto
333 S Hope Street Suite 3900Los AngelesCA90071Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$6,170,747AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$309,209AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,479,956TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$6,479,956AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$97,199CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,382,757NetVlNoncharitableAssetsAmt
Minimum Investment Return$319,138MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$319,138MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,052TaxBasedOnInvestmentIncomeAmt
Total Tax$2,052TotalTaxAmt
Distributable Before Adj$317,086DistributableBeforeAdjAmt
Distributable Before Ded$317,086DistributableBeforeDedAmt
Distributable As Adjusted$317,086DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$360,360ExpensesAndContributionsAmt
Qualifying Distributions$360,360QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$317,086DistributableAsAdjustedAmt
Undistributed Income PY$269,839UndistributedIncomePYAmt
Qualifying Distributions$360,360QualifyingDistributionsAmt
Applied To Year1$269,839AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$90,521AppliedToCurrentYearAmt
Undistributed Income CY$226,565UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Blind Childrens Center
4120 Marathon StreetLos AngelesCA90029Financial Aid$10,000
California Institute of Technology
1200 East California BlvdPasadenaCA91125Financial Aid$100,000
Centenary United Methodist Church
P O Box 412797Los AngelesCA90041Financial Aid$5,000
Crean Lutheran High School
12500 Sand Canyon AveIrvineCA92618Financial Aid$5,000
Friends of Wonderland
8510 Wonderland AvenueLos AngelesCA90046Financial Aid$5,000
California Pacific United Methodist
472 East Colorado BlvdPasadenaCA91102Financial Aid$1,000
Shriners Hospital for Children
909 S Fair Oaks AvenuePasadenaCA91105Financial Aid$40,000
UCLA Cancer Center Foundation
10833 La Conte AvenueLos AngelesCA90095Financial Aid$60,000
The Wesley School
4832 Tujunga AvenueNorth HollywoodCA91601Financial Aid$2,500
Rafu Shimpo Foundation
701 E 3RD St No 130Los AngelesCA90013Financial Aid$2,500
Hawaii Community Foundation
827 Fort Street MallHonoluluHI96813Financial Aid$10,000
Mira Catalina Elementary
30511 Lucancia DriveRancho Palos VerdesCA90275Financial Aid$2,500
Pasadena Humane Society
361 S Raymond AvenuePasadenaCA91105Financial Aid$2,500
Triton Booster Club Girls
700 Avenida PicoSan ClementeCA92673Financial Aid$6,000
Mission Viejo YMCA Golf
27341 Trabuco CircleMission ViejoCA92692Financial Aid$6,500
Samaritan's Purse
P O Box 3000BooneNC28607Financial Aid$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$278,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$201,493ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$16,661ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$184,832ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$184,832TotalIncomeProducingActyAmt

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)
CategoryBrian J. Egan, CPACategoryTxt
Amt$6,706Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,706DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategorySeyfarth ShawCategoryTxt
Legal Fees$23,054LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$23,054DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMerrill Lynch Account FeesCategoryTxt
Amt$45,756Amt
Net Investment Income$45,756NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Registry of Charitable Trusts$100$100$100
U. S. Treasury$8,000$8,000$8,000

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