PARSIFAL FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
PARSIFAL FOUNDATION (EIN 36-4157248)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-11
IRS object ID
201501319349101330
Schema version
2014v5.0
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)
Return2015-05-11T09:40:23-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAMILTON THIES & LORCH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 S WACKER DR STE 3800AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364157248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PARSIFAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPARSBusinessNameControlTxt
Phone3122521500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1621 WEST MAPLE STREETAddressLine1Txt
CityHinsdaleCityNm
State AbbreviationILStateAbbreviationCd
ZIP60521ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES A FLETCHERPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone3122521500PhoneNum
Signature2015-05-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD B THIESPreparerPersonNm
Phone3126508650PhoneNum
Preparation2015-05-06PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$278,506FMVAssetsEOYAmt
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$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,638DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,638DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$164NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$164GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$164CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$11,804TotalRevAndExpnssAmt
Total Net Invst Incm$11,804TotalNetInvstIncmAmt
Taxes Rev And Expnss$196TaxesRevAndExpnssAmt
Taxes Net Invst Incm$196TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$196TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$196TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$16,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$16,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$16,196TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$196TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$16,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,392ExcessRevenueOverExpensesAmt
Net Investment Income$11,608NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY-$5,172SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY-$1,468SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV-$1,468SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$221,892CorporateStockBOYAmt
Corporate Stock EOY$221,668CorporateStockEOYAmt
Corporate Stock EOYFMV$279,974CorporateStockEOYFMVAmt
Total Assets BOY$216,720TotalAssetsBOYAmt
Total Assets EOY$220,200TotalAssetsEOYAmt
Total Assets EOYFMV$278,506TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$216,720CapitalStockBOYAmt
Capital Stock EOY$220,200CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$216,720TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$220,200TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$216,720TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$220,200TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$216,720TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,392ExcessRevenueOverExpensesAmt
Other Increases$7,872OtherIncreasesAmt
Subtotal$220,200SubtotalAmt
Tot Net Ast Or Fund Balances EOY$220,200TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Tortoise Energy fractional shareP2008-08-052014-06-24$37$0$0$37$0$0$0$37
Delaware Divesified Income Fund capital gain dividendP2010-04-012014-12-24$127$0$0$127$0$0$0$127
FieldValueIRS element (for citing)
Capital Gain Net Income$164CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$12,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$269,469NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.044532DistributionYr1Rt
Adjusted Qlfy Distri Yr2$13,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$247,061NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.054642DistributionYr2Rt
Adjusted Qlfy Distri Yr3$21,382AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$242,337NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.088233DistributionYr3Rt
Adjusted Qlfy Distri Yr4$15,250AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$222,036NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.068683DistributionYr4Rt
Adjusted Qlfy Distri Yr5$15,250AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$189,414NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.080511DistributionYr5Rt
Total Distribution0.336601TotalDistributionRt
Average Distribution0.067320AverageDistributionRt
Net Vl Noncharitable Assets$285,279NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$19,205AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$116NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$19,321AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$232InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$232SubtotalAmt
Tax Based On Investment Income$232TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$240EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$240TotalPaymentsAndCreditsAmt
Original Return Overpayment-$240OriginalReturnOverpaymentAmt
Overpayment$8OverpaymentAmt
Applied To ES Tax$8AppliedToESTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
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 BooksJAMES A FLETCHERIndividualWithBooksNm
Phone3122521500PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1621 Maple StreetAddressLine1Txt
CityHinsdaleCityNm
State AbbreviationILStateAbbreviationCd
ZIP60521ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES A FLETCHER
621 W Maple StreetHinsdaleIL60521Trustee10.00$0$0$0
MARGARET G FLETCHER
621 W Maple StreetHinsdaleIL60521Trustee10.00$0$0$0
LESLEY A FLETCHER
621 W Maple StreetHinsdaleIL60521Trustee5.00$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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$280,411AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,212AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$289,623TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$289,623AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,344CashDeemedCharitableAmt
Net Vl Noncharitable Assets$285,279NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,264MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,264MinimumInvestmentReturnAmt
Tax Based On Investment Income$232TaxBasedOnInvestmentIncomeAmt
Total Tax$232TotalTaxAmt
Distributable Before Adj$14,032DistributableBeforeAdjAmt
Distributable Before Ded$14,032DistributableBeforeDedAmt
Distributable As Adjusted$14,032DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$16,000ExpensesAndContributionsAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$16,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,032DistributableAsAdjustedAmt
Undistributed Income PY$13,214UndistributedIncomePYAmt
Excess Distribution Cyov Yr5$18,750ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$15,250ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$21,500ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$13,500ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$81,000TotalExcessDistributionCyovAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt
Remaining Distri From Corpus$16,000RemainingDistriFromCorpusAmt
Total Corpus$97,000TotalCorpusAmt
Taxable2$13,214Taxable2Amt
Undistributed Income CY$14,032UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$18,750ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$78,250ExcessDistriCyovToNextYrAmt
Excess From Year4$15,250ExcessFromYear4Amt
Excess From Year3$21,500ExcessFromYear3Amt
Excess From Year2$13,500ExcessFromYear2Amt
Excess From Year1$12,000ExcessFromYear1Amt
Excess From Current Year$16,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJAMES A FLETCHERRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1621 Maple StreetAddressLine1Txt
CityHInsdaleCityNm
State AbbreviationILStateAbbreviationCd
ZIP60521ZIPCd
FieldValueIRS element (for citing)
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1See attached scheduleBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1variousAddressLine1Txt
CityvariousCityNm
State AbbreviationILStateAbbreviationCd
ZIP60000ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation Statussee sch.RecipientFoundationStatusTxt
Grant Or Contribution Purposesee scheduleGrantOrContributionPurposeTxt
Amt$16,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$16,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Related Or Exempt Function Incm$164RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$164RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$164TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescN/ADesc

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasis MethodBasisMethodTxtTotal NetTotalNetAmt
UNKNOWN
fractional share, Tortoise Energy2008-08Purchased2014-06$37FMV$37
UNKNOWN
Delaware Diversified Income Fund2010-04Purchased2014-12$127FMV$127

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescmiscellaneousDesc
Amt$7,872Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign Tax paidCategoryTxt
Amt$196Amt
Net Investment Income$196NetInvestmentIncomeAmt

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