The Kimerling Foundation: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- The Kimerling Foundation (EIN 23-7015591)
- Tax period
- 2013-08-01 to 2014-07-31
- Filed
- 2015-01-12
- IRS object ID
- 201510129349100116
- Schema version
- 2013v4.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Dissolution Stmt
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-01-12T10:16:29-06:00 | ReturnTs |
| Tax Period End | 2014-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 630590670 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L Paul Kassouf & Co PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2208 University Boulevard | AddressLine1 |
| City | Birmingham | City |
| State | AL | State |
| ZIP Code | 352332393 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237015591 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Kimerling Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KIME | BusinessNameControlTxt |
| Phone | 2054106900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 131423 | AddressLine1 |
| City | Birmingham | City |
| State | AL | State |
| ZIP Code | 352136423 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Kimerling | PersonNm |
| Person Title | President/Treasurer | PersonTitleTxt |
| Phone | 2054106900 | PhoneNum |
| Signature | 2014-12-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | David P Kassouf | PreparerPersonNm |
| PTIN | P00047363 | PTIN |
| Phone | 2054432500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $30,379 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $30,379 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $38,989 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,010,262 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $38,989 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $69,368 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $69,368 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,106 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $255 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $2,495 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,591 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $146 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $9,002 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,591 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,321,352 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,321,352 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,330,354 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,591 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,321,352 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,260,986 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $67,777 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $396,625 | SavAndTempCashInvstBOYAmt |
| Corporate Stock BOY | $864,361 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,260,986 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $1,260,986 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,260,986 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,260,986 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,260,986 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,260,986 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $0 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (43 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Gross Sales PriceGrossSalesPriceAmt |
|---|---|---|---|---|---|---|
| 30,000 Kit Digital Inc - worthless security | 2013-04-05 | 2013-09-13 | $8,400 | -$8,400 | -$8,400 | |
| sold 2,000 Microsoft Corp | 2013-09-04 | 2013-10-30 | $62,615 | $9,381 | $9,381 | $71,996 |
| sold 2,500 Teva Pharmaceutical Industries Ltd | 2013-04-05 | 2013-11-29 | $98,425 | $2,097 | $2,097 | $100,522 |
| sold 1,000 Verizon Communications Inc | 2013-04-05 | 2013-11-29 | $49,300 | $305 | $305 | $49,605 |
| sold 2,500 Orasure Technologies Inc | 2013-10-16 | 2013-12-03 | $16,369 | -$893 | -$893 | $15,476 |
| sold 2,500 Teva Pharmaceutical Industries Ltd | 2013-04-05 | 2014-01-31 | $98,425 | $12,438 | $12,438 | $110,863 |
| sold 2,500 Teva Pharmaceutical Industries Ltd | 2013-04-05 | 2014-02-25 | $98,425 | $22,458 | $22,458 | $120,883 |
| sold 2,500 Halcon Res Corp | 2013-06-14 | 2014-04-17 | $12,927 | -$377 | -$377 | $12,550 |
| sold 7,500 Halcon Res Corp | 2013-04-05 | 2014-04-14 | $54,000 | -$16,683 | -$16,683 | $37,317 |
| sold 3,000 Southern Company | 2013-09-04 | 2014-04-21 | $123,194 | $11,676 | $11,676 | $134,870 |
| sold 5,000 Halcon Res Corp | 2013-06-03 | 2014-04-23 | $26,919 | -$426 | -$426 | $26,493 |
| sold 5,000 Halcon Res Corp | 2013-08-19 | 2014-04-24 | $24,454 | $1,993 | $1,993 | $26,447 |
| sold 10,000 Halcon Res Corp | 2014-01-16 | 2014-04-25 | $35,106 | $17,707 | $17,707 | $52,813 |
| sold 1,000 Potash Corp | 2013-09-23 | 2014-05-24 | $32,405 | $4,438 | $4,438 | $36,843 |
| sold 5,000 Orasure Technologies Inc | 2014-04-23 | 2014-06-19 | $35,256 | $4,920 | $4,920 | $40,176 |
| sold 5,000 Orasure Technologies Inc | 2014-04-15 | 2014-06-23 | $31,370 | $11,203 | $11,203 | $42,573 |
| sold 1,750 Apple Inc | 2014-01-28 | 2014-07-22 | $128,091 | $34,525 | $34,525 | $162,616 |
| sold 2,500 Altria Group Inc | 2013-09-04 | 2014-07-22 | $85,734 | $18,009 | $18,009 | $103,743 |
| sold 3,000 Verizon Communication Inc | 2013-04-05 | 2014-07-22 | $147,900 | $2,817 | $2,817 | $150,717 |
| sold 2,500 Mix Telematics | 2014-06-19 | 2014-07-22 | $25,436 | -$157 | -$157 | $25,279 |
| sold 2,500 Alcentra Cap Corp | 2014-05-09 | 2014-07-22 | $37,506 | -$3,192 | -$3,192 | $34,314 |
| sold 2,000 Bank of America | 2014-01-08 | 2014-07-22 | $33,385 | -$3,221 | -$3,221 | $30,164 |
| sold 4,000 AT&T Inc | 2013-04-05 | 2014-07-22 | $151,640 | -$7,440 | -$7,440 | $144,200 |
| sold 1,000 AT&T Inc | 2013-10-25 | 2014-07-22 | $35,004 | $1,046 | $1,046 | $36,050 |
| sold 2,500 Sony Corp | 2014-03-03 | 2014-07-22 | $43,253 | -$1,579 | -$1,579 | $41,674 |
| sold 1,000 Control4 Corp | 2014-03-12 | 2014-07-23 | $22,756 | -$5,030 | -$5,030 | $17,726 |
| sold 5,000 Mattson Technology Inc | 2014-02-06 | 2014-07-23 | $13,505 | -$2,536 | -$2,536 | $10,969 |
| sold 3,000 Groupon Inc | 2014-02-21 | 2014-07-23 | $27,166 | -$8,627 | -$8,627 | $18,539 |
| sold 10,000 Mattson Technology Inc | 2014-06-12 | 2014-07-24 | $20,406 | $1,833 | $1,833 | $22,239 |
| sold 10,000 Falconstar Software Inc | 2013-04-05 | 2014-07-24 | $23,600 | -$7,722 | -$7,722 | $15,878 |
| sold 10,000 Falconstar Software Inc | 2013-04-05 | 2014-07-24 | $23,600 | -$7,849 | -$7,849 | $15,751 |
| 30,000 Falconstar Software Inc - charitable contribution | 2013-04-05 | 2014-07-24 | $70,800 | -$21,930 | -$21,930 | $48,870 |
| 30,000 Piksel Inc Cl A-2 - worthless security | 2013-10-14 | 2014-07-28 | $6,150 | -$6,150 | -$6,150 | |
| sold 500 Altria Group Inc | 2013-09-04 | 2014-04-04 | $17,147 | $1,473 | $1,473 | $18,620 |
| sold 1,000 Altria Group Inc | 2013-10-25 | 2014-04-04 | $36,194 | $1,046 | $1,046 | $37,240 |
| sold 5,000 Halcon Res Corp | 2013-09-10 | 2014-04-24 | $25,055 | $1,392 | $1,392 | $26,447 |
| sold 2,500 Mix Telematics | 2014-07-07 | 2014-07-22 | $25,306 | -$27 | -$27 | $25,279 |
| sold 2,500 Sony Corp | 2014-04-01 | 2014-07-22 | $48,704 | -$7,031 | -$7,031 | $41,673 |
| sold 1,000 Control4 Corp | 2014-05-29 | 2014-07-23 | $17,305 | $420 | $420 | $17,725 |
| sold 2,000 Groupon Inc | 2014-03-04 | 2014-07-23 | $17,526 | -$5,167 | -$5,167 | $12,359 |
| sold 5,000 Groupon Inc | 2014-05-06 | 2014-07-23 | $34,805 | -$3,907 | -$3,907 | $30,898 |
| sold 5,000 Groupon Inc | 2014-07-10 | 2014-07-23 | $32,506 | -$1,609 | -$1,609 | $30,897 |
| sold 5,000 Mattson Technology Inc | 2014-03-04 | 2014-07-23 | $13,203 | -$2,235 | -$2,235 | $10,968 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $38,989 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $43,900 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $436,234 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.100634 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $47,500 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $88,561 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.536353 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $247,600 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $227,719 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 1.087305 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $203,567 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $435,174 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.467783 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $203,837 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $584,496 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.348740 | DistributionYr5Rt |
| Total Distribution | 2.540815 | TotalDistributionRt |
| Average Distribution | 0.508163 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $999,832 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $508,078 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $678 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $508,756 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,321,352 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $678 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $678 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $678 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,120 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,120 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $2 | EsPenaltyAmt |
| Overpayment | $440 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $440 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | AL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | David Kimerling | IndividualWithBooksNm |
| Phone | 2058704561 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 131423 | AddressLine1 |
| City | Birmingham | City |
| State | AL | State |
| ZIP Code | 35213 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| David Kimerling | ||||||||
| PO Box 131423 | Birmingham | AL | 35213 | President/Treasurer | 2.00 | $0 | $0 | $0 |
| Jonathan Kimerling | ||||||||
| PO Box 131423 | Birmingham | AL | 35213 | Secretary | 2.00 | $0 | $0 | $0 |
| Sheryl Kimerling | ||||||||
| PO Box 131423 | Birmingham | AL | 35213 | Officer | 2.00 | $0 | $0 | $0 |
| Mary Kimerling | ||||||||
| PO Box 131423 | Birmingham | AL | 35213 | Officer | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | None | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | None | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $933,205 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $81,853 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,015,058 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,015,058 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $15,226 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $999,832 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $49,992 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $49,992 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $678 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $678 | TotalTaxAmt |
| Distributable Before Adj | $49,314 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $49,314 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $49,314 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,321,352 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,321,352 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $678 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,320,674 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $49,314 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $174,938 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $181,874 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $236,214 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $43,072 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $23,189 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $659,287 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,321,352 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $49,314 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,272,038 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,931,325 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $174,938 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,756,387 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $181,874 | ExcessFromYear4Amt |
| Excess From Year3 | $236,214 | ExcessFromYear3Amt |
| Excess From Year2 | $43,072 | ExcessFromYear2Amt |
| Excess From Year1 | $23,189 | ExcessFromYear1Amt |
| Excess From Current Year | $1,272,038 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| Birmingham Jewish Federation | |||||
| 3966 Montclair Rd | Birmingham | AL | 35213 | General Fund | $1,217,502 |
| Birmingham Holocaust Education Center | |||||
| 2222 Arlington Ave | Birmingham | AL | 35205 | General Fund | $2,000 |
| Children's Hospital of Alabama | |||||
| 1600 7th Avenue S | Birmingham | AL | 35233 | General Fund | $1,800 |
| Collat Jewish Family Services | |||||
| 3940 Montclair Rd | Birmingham | AL | 35213 | General Fund | $5,000 |
| Jewish Community Center | |||||
| 3960 Montclair Rd | Birmingham | AL | 35213 | General Fund | $5,000 |
| Temple Beth-El | |||||
| 2179 Highland Avenue | Birmingham | AL | 35205 | General Fund | $12,550 |
| Tikva Children's Home | |||||
| 475 10th Ave | New York | NY | 10018 | General Fund | $2,500 |
| United Way of Central Alabama | |||||
| 3600 8th Ave S | Birmingham | AL | 35222 | General Fund | $25,000 |
| YWCA of Birmingham | |||||
| 309 23rd St N | Birmingham | AL | 35203 | General Fund | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,321,352 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $30,379 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $38,989 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $38,989 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $30,379 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $69,368 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Professional fees | CategoryTxt |
| Amt | $6,106 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Birmingham Jewish Federation | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3966 Montclair Rd | AddressLine1 |
| City | Birmingham | City |
| State | AL | State |
| ZIP Code | 35213 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | In July 2014, The Kimerling Foundation donated its remaining assets to the Birmingham Jewish Federation with the final distribution date being the 28th day of July, 2014. These assets consisted of cash of $1,018,632 and publicly traded stock with a fair market value of $48,870. | ShortExplanationTxt |
| Dissolution | $1,067,502 | DissolutionAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Various Marketable Securities | StockNm |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | In July 2014, The Kimerling Foundation liquidated its assets by selling its investments and donating the proceeds to the Birmingham Jewish Federation. Along with the cash donation was the donation of publicly traded stock to the Birmingham Jewish Federation. The date of the final distribution was the 28th day of July, 2014. After all assets were distributed, The Kimerling Foundation filed Articles of Dissolution on the 28th day of August, 2014. As of that date, the foundation elects to terminate its private foundation status under section 507(b)(1)(A). | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Revenue And Expenses Per Books | $146 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Taxes withheld on foreign dividends | $904 | $0 | $0 |
| Prior year balance due - excise tax | $1,591 | $1,591 | $0 |
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