BETA

ACKERMAN FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ACKERMAN FOUNDATION INC (EIN 58-2284728)
Tax period
2014-12-01 to 2015-11-30
Filed
2015-12-22
IRS object ID
201503569349100305
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)
Return2015-12-22T11:34:40-06:00ReturnTs
Tax Period End2015-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112973036PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHALIK MORRIS & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 CROSSWAYS PK DR WESTAddressLine1Txt
CityWOODBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN582284728EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ACKERMAN FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlACKEBusinessNameControlTxt
Phone8006629595PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15125 RACE COURTAddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80216ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL ACKERMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8006629595PhoneNum
Signature2015-12-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCLIFFORD R WASSERMAN CPAPreparerPersonNm
PTINP01341106PTIN
Phone5163388700PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,756,970FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$715,016ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$106InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$106InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$22,082DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,082DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$10,245NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$726,959TotalRevAndExpnssAmt
Total Net Invst Incm$22,188TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$12,195OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,195OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$13,695TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,695TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$97,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$97,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$111,295TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,695TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$97,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$615,664ExcessRevenueOverExpensesAmt
Net Investment Income$8,493NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$109,279CashBOYAmt
Cash EOY$269,820CashEOYAmt
Cash EOYFMV$269,820CashEOYFMVAmt
Other Investments BOY$1,032,027OtherInvestmentsBOYAmt
Other Investments EOY$1,487,150OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,487,150OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,141,306TotalAssetsBOYAmt
Total Assets EOY$1,756,970TotalAssetsEOYAmt
Total Assets EOYFMV$1,756,970TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$36,454CapitalStockBOYAmt
Capital Stock EOY$36,454CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$1,104,852RetainedEarningBOYAmt
Retained Earning EOY$1,720,516RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,141,306TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,756,970TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,141,306TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,756,970TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,141,306TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$615,664ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$1,756,970SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,756,970TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
VARIOUS TRADESP2014-10-312015-11-30$11,669$11,669
VARIOUS TRADESP2015-01-012015-11-30-$21,914-$21,914
FieldValueIRS element (for citing)
Capital Gain Net Income-$10,245CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$64,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$746,447NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.085740DistributionYr1Rt
Adjusted Qlfy Distri Yr2$0AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$201,547NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.000000DistributionYr2Rt
Adjusted Qlfy Distri Yr3$0AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$35,162NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.000000DistributionYr3Rt
Adjusted Qlfy Distri Yr4$0AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$32,064NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.000000DistributionYr4Rt
Adjusted Qlfy Distri Yr5$20,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$27,454NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.728491DistributionYr5Rt
Total Distribution0.814231TotalDistributionRt
Average Distribution0.162846AverageDistributionRt
Net Vl Noncharitable Assets$1,427,401NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$232,447AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$85NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$232,532AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$97,600QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$170InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$170SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$170TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$163EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$163TotalPaymentsAndCreditsAmt
Tax Due$7TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCHANDELLE VENTURES INCIndividualWithBooksNm
Phone8006629595PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15125 RACE COURTAddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80216ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

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
MICHAEL A ACKERMAN
15 CHERRY HILLS PARK DRIVECHERRY HILLS VILLAGECO80110PRESIDENT & DIRECTOR1.00$0$0$0
STEVEN J ACKERMAN
11 BRENT CTMENLO PARKCA94025DIRECTOR0.00$0$0$0
CHERILYN LAWRENCE
159 E WALTON PLACEUNIT 14CDCHICAGOIL60611DIRECTOR0.00$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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,259,589AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$189,549AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,449,138TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,449,138AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,737CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,427,401NetVlNoncharitableAssetsAmt
Minimum Investment Return$71,370MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$71,370MinimumInvestmentReturnAmt
Tax Based On Investment Income$170TaxBasedOnInvestmentIncomeAmt
Total Tax$170TotalTaxAmt
Distributable Before Adj$71,200DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$71,200DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$71,200DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$97,600ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$97,600QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$97,600AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$71,200DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$16,992ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1$26,678ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$43,670TotalExcessDistributionCyovAmt
Qualifying Distributions$97,600QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$71,200AppliedToCurrentYearAmt
Remaining Distri From Corpus$26,400RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$70,070TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$16,992ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$53,078ExcessDistriCyovToNextYrAmt
Excess From Year1$26,678ExcessFromYear1Amt
Excess From Current Year$26,400ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMICHAEL ACKERMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line15125 RACE COURTAddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80216ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8006629595RecipientPhoneNum
Form And Info And MaterialsSEE ATTACHEDFormAndInfoAndMaterialsTxt
Submission DeadlinesAPPLICATIONS MUST BE SUBMITTED BY JULY 1ST EACH YEAR.SubmissionDeadlinesTxt
Restrictions On AwardsSEE ATTACHEDRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FLORENCE CRITTENTON SERVICES
96 S ZUNI STREETDENVERCO80223NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$25,000
GIANT STEPS THERAPEUTIC RIDING ACADEMY
PO BOX 4855PETALUMACA94955NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$2,000
INTREPID FALLEN HEROES FUND
ONE INTREPID SQUARE W46 ST 12 AVENEW YORKNY10036NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$15,600
JUVENILE PROTECTIVE ASSOCIATION
1707 N HALSTEDCHICAGOIL60614NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$15,000
COURT APPOINTED SPECIAL ADVOCATES OF COOK COUNTY (CASA)
1100 S HAMILTON AVENUE 8-WCHICAGOIL60612NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$10,000
LITERATURE FOR ALL OF US
2010 DEWEY AVENUEEVANSTONIL60201NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$10,000
THE DREAMCATCHER FOUNDATION
5401 S HYDE PARK BLVD SUITE 302CHICAGOIL60615NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$15,000
WEST POINT ASSOCIATION OF GRADUATES
698 MILLS ROADWEST POINTNY10996NONETO FURTHER EXEMPT PURPOSE OF DONEE ORGANIZATION$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$97,600TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$106RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,082RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$10,245RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$0ExclusionAmt
Related Or Exempt Function Incm$11,943RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,943TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number3LineNumberTxt
Relationship StatementINTEREST EARNED INCREASES CASH BALANCES AVAILABLE TO FUND SCHOLARSHIPSRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
DON AND JEAN ACKERMAN CHARITABLE TRUST
1C/O CHANDELLE VENTURES INC 5125 RACDENVERCO80216$259,918Yes (X)
DON E ACKERMAN CHARITABLE LEAD ANNUITY TRUST
2C/O CHANDELLE VENTURES INC 5125 RACDENVERCO80216$455,098Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX RETURN PREPARATIONCategoryTxt
Amt$1,500Amt
Net Investment Income$1,500NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990-PF, PART XVFormAndLineReferenceDesc
Medium ExplanationFOUNDATION OPERATING GUIDELINES1. GRANTS WILL BE MADE FROM AMONG APPLICANTS SUBMITTING PROPOSALS FOR IMPROVING THE QUALITY OF THE EDUCATIONAL SYSTEM FOR KINDERGARTEN THROUGH TWELFTH GRADE WITHIN THE U.S. 2. ANY INDIVIDUAL, ORGANIZATION OR INSTITUTION, DOMESTIC OR FOREIGN, MAY SUBMIT AN APPLICATION FOR A GRANT TO THE SELECTION COMMITTEE.3. THE CRITERIA TO BE USED BY THE SELECTION COMMITTEE IN AWARDING A GRANT SHALL BE (A) A PROPOSAL WHICH IN THE OPINION OF THE SELECTION COMMITTEE WILL PRODUCE AN IMPROVEMENT IN THE QUALITY OF AN EDUCATIONAL CURRICULUM OR SYSTEM WITHIN THE U.S. SCHOOL SYSTEM (GRADES K-12) NATIONWIDE, OR WITHIN ANY SCHOOL DISTRICT WITHIN THE U.S., AND (B) THE PROPOSAL IN THE OPINION OF THE SELECTION COMMITTEE SHALL BE DEEMED TO BE ABLE TO PRODUCE A SIGNIFICANT POSITIVE CHANGE IN THE QUALITY OF EDUCATION FOR GRADES K-12.4. GRANTS WILL BE AWARDED AT SUCH TIMES, IN SUCH AMOUNTSAND UPON SUCH TERMS AND CONDITIONS AS THE SELECTION COMMITTEE BY UNAMIMOUS VOTE SHALL FROM TIME TO TIME DETERMINE.5. THE SELECTION COMMITTEE SHALL BE COMPOSED OF THE 3 DIRECTORS OF THE FOUNDATION WHO SHALL CONSULT WITH EDUCATORS PRIOR TO MAKING ANT DETERMINATION.6. THE SELECTION COMMITTEE MAY RECAPTURE FUNDS DISTRIBUTED TO ANY GRANT RECIPIENT WHICH ARE FOUND BY THE COMMITTEE TO HAVE BEEN EXPENDED BY A GRANT RECIPIENT FOR PURPOSES OTHER THAN THE WORK FOR WHICH THE GRANT WAS MADE.MediumExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemSECURITIESCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,487,150BookValueAmt
EOYFMV$1,487,150EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FILING AND REGISTRATION FEES$361$361$0
BANK CHARGES, ETC.$11,834$11,834$0

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