KEITH V KIERNAN FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
KEITH V KIERNAN FOUNDATION (EIN 26-0856008)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-04-29
IRS object ID
201511199349100111
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)
Return2015-04-29T09:14:01-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260856008EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Keith V Kiernan FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlKEITBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
Address Line2Suite 123AddressLine2Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAmy M OwsleyPersonNm
Person TitlePresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2015-04-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$997,526FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$8,416DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,416DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$80,379NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$144,701GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$80,379CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$88,796TotalRevAndExpnssAmt
Total Net Invst Incm$88,796TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$12,397OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,397OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,099TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5,025OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$5,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$19,521TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,397TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,025TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$35,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$35,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$54,521TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,397TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,025TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$34,275ExcessRevenueOverExpensesAmt
Net Investment Income$76,399NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$15,495SavAndTempCashInvstBOYAmt
Corporate Stock BOY$855,746CorporateStockBOYAmt
Corporate Stock EOY$905,516CorporateStockEOYAmt
Corporate Stock EOYFMV$997,526CorporateStockEOYFMVAmt
Total Assets BOY$871,241TotalAssetsBOYAmt
Total Assets EOY$905,516TotalAssetsEOYAmt
Total Assets EOYFMV$997,526TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$871,241RetainedEarningBOYAmt
Retained Earning EOY$905,516RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$871,241TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$905,516TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$871,241TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$905,516TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$871,241TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$34,275ExcessRevenueOverExpensesAmt
Subtotal$905,516SubtotalAmt
Tot Net Ast Or Fund Balances EOY$905,516TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$144,701GrossSalesPriceAmt
Cost Or Other Basis$64,322CostOrOtherBasisAmt
Gain Or Loss$80,379GainOrLossAmt
Gains Minus Excess Or Losses$80,379GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$80,379CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$27,231AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$710,335NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.038335DistributionYr1Rt
Adjusted Qlfy Distri Yr2$16,652AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$505,604NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.032935DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,300AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$367,245NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.017155DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,349AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$237,713NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.022502DistributionYr4Rt
Adjusted Qlfy Distri Yr5$4,736AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$120,655NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.039252DistributionYr5Rt
Total Distribution0.150179TotalDistributionRt
Average Distribution0.030036AverageDistributionRt
Net Vl Noncharitable Assets$980,599NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$29,453AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$764NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$30,217AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$40,025QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$764InvestmentIncomeExciseTaxAmt
Subtotal$764SubtotalAmt
Tax Based On Investment Income$764TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$764TaxDueAmt

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 StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Keith V Kiernan
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres / Dir / Sec1.0$0
Amy Marie Owsley
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$987,903AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,629AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$995,532TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$995,532AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,933CashDeemedCharitableAmt
Net Vl Noncharitable Assets$980,599NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,030MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,030MinimumInvestmentReturnAmt
Tax Based On Investment Income$764TaxBasedOnInvestmentIncomeAmt
Total Tax$764TotalTaxAmt
Distributable Before Adj$48,266DistributableBeforeAdjAmt
Distributable Before Ded$48,266DistributableBeforeDedAmt
Distributable As Adjusted$48,266DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,025ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$40,025QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$764PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$39,261AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$48,266DistributableAsAdjustedAmt
Undistributed Income PY$27,315UndistributedIncomePYAmt
Prior Year12012PriorYear1Yr
Prior Year22011PriorYear2Yr
Prior Year32010PriorYear3Yr
Qualifying Distributions$40,025QualifyingDistributionsAmt
Applied To Year1$27,315AppliedToYear1Amt
Applied To Current Year$12,710AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$35,556UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKEITH V KIERNANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ACCION INTERNATIONAL
10 FAWCETT ST STE 204CAMBRIDGEMA02138N/APCMicrofinance program; Financial Education$5,000
DOCTORS WITHOUT BORDERS USA INC
333 7TH AVE 2ND FLNEW YORKNY10001N/APCNutrition Program$5,000
FREEDOM FROM HUNGER
1644 DA VINCI CTDAVISCA95618N/APCNutrition Program$5,000
FRIENDS OF WWB USA INC
122 E 42ND STNEW YORKNY10168N/APCWomen's World Banking for the microfinance program$5,000
GRAMEEN FOUNDATION USA
1101 15TH ST NW 3RD FLWASHINGTONDC20005N/APCMicrofinance program focused on mobile financial services and micro-saving$5,000
HABITAT FOR HUMANITY INTERNATIONAL INC
1424 K ST NWWASHINGTONDC20005N/APCMicrobuild Program$5,000
OPPORTUNITY INTERNATIONAL INC
2122 YORK RD STE 150OAK BROOKIL60523N/APCMicrofinance-Agriculture Services Program$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$35,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,416ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$80,379ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$88,796ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$88,796TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN CENTURY MID CAP VALUE$72,299$78,563
FIDELITY ADVISOR NEW INSIGHTS$114,093$108,580
FIDELITY CONTRA FUND$32,094$41,579
INVESCO SMALL CAP VALUE CL Y$59,940$63,611
JOHN HANCOCK III V I$128,936$145,976
MFS INTERNATIONAL NEW DISCOVER$28,263$28,640
OAKMARK INTERNATIONAL FD CL I$58,954$54,940
PRINCIPAL MID CAP CL P$70,779$82,274
SUNAMERICA FOCUSED DIVIDEND ST$147,382$157,148
T. ROWE PRICE GROWTH STOCK FD$110,295$145,065
T. ROWE PRICE INTERNATIONAL DI$28,270$28,643
T. ROWE PRICE NEW HORIZONS FD$54,211$62,507

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$5,000$5,000
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$12,397Amt
Net Investment Income$12,397NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2013CategoryTxt
Amt$2,099Amt

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