GILBERT FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
GILBERT FOUNDATION (EIN 36-4089976)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-06
IRS object ID
201541269349100544
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)
Return2015-05-06T14:12:14-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1IPEMA & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19742 SOUTH ROBERTS ROADAddressLine1Txt
CityPALOS HILLSCityNm
State AbbreviationILStateAbbreviationCd
ZIP60465ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364089976EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GILBERT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGILBBusinessNameControlTxt
Phone7082122100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1123 ACACIA CIRCLEAddressLine1Txt
CityINDIAN HEAD PARKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60525ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHERESE C LANDSHOOTPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7082122100PhoneNum
Signature2015-05-05SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDWARD R IPEMAPreparerPersonNm
Phone7084301711PhoneNum
Preparation2015-05-06PreparationDt
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$160,188FMVAssetsEOYAmt
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$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,016DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,016DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,017TotalRevAndExpnssAmt
Total Net Invst Incm$5,017TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$400AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$400AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$125TaxesRevAndExpnssAmt
Taxes Net Invst Incm$12TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$13TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$224OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$112OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$112OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,149TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$524TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$525TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,299TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$524TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,675TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,282ExcessRevenueOverExpensesAmt
Net Investment Income$4,493NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,652CashBOYAmt
Cash EOY$3,370CashEOYAmt
Cash EOYFMV$3,370CashEOYFMVAmt
Corporate Stock BOY$82,098CorporateStockBOYAmt
Corporate Stock EOY$82,098CorporateStockEOYAmt
Corporate Stock EOYFMV$156,818CorporateStockEOYFMVAmt
Total Assets BOY$89,750TotalAssetsBOYAmt
Total Assets EOY$85,468TotalAssetsEOYAmt
Total Assets EOYFMV$160,188TotalAssetsEOYFMVAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$89,750RetainedEarningBOYAmt
Retained Earning EOY$85,468RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$89,750TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$85,468TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$89,750TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$85,468TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$89,750TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,282ExcessRevenueOverExpensesAmt
Subtotal$85,468SubtotalAmt
Tot Net Ast Or Fund Balances EOY$85,468TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$8,902AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$146,633NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.060709DistributionYr1Rt
Adjusted Qlfy Distri Yr2$5,412AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$129,514NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.041787DistributionYr2Rt
Adjusted Qlfy Distri Yr3$5,478AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$124,185NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.044112DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,860AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$108,415NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.054052DistributionYr4Rt
Adjusted Qlfy Distri Yr5$6,777AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$110,855NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.061134DistributionYr5Rt
Total Distribution0.261794TotalDistributionRt
Average Distribution0.052359AverageDistributionRt
Net Vl Noncharitable Assets$158,780NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$8,314AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$45NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$8,359AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,675QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$45InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$45SubtotalAmt
Tax Based On Investment Income$45TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$93EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$93TotalPaymentsAndCreditsAmt
Original Return Overpayment-$93OriginalReturnOverpaymentAmt
Overpayment$48OverpaymentAmt
Applied To ES Tax$48AppliedToESTaxAmt

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 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 BooksTHERESE C LANDSCHOOTIndividualWithBooksNm
Phone7082122100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1123 ACACIA CIRCLE 206AddressLine1Txt
CityINDIAN HEAD PARKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60525ZIPCd
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
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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MAUREEN SHURE
680 N LAKE SHORE DRIVE 1604CHICAGOIL60611DIRECTOR1.00$0$0$0
JAMES L DUNNE
791 PRINCETON LANENEW LENOXIL60451PRESIDENT1.00$0$0$0
THERESE C LANDSCHOOT
123 ACACIA CIRCLE 206INDIAN HEAD PARKIL60525TREASURER/DIR3.00$0$0$0
SUSAN J DINA
4073 GROVE STWESTERN SPRINGSIL60558DIRECTOR1.00$0$0$0
WILLIAM M DUNNE
9832 S KENNETH AVEOAK LAWNIL60453DIRECTOR1.00$0$0$0
ROSE KENNEDY
9823 S HAMLINEVERGREEN PARKIL60805DIRECTOR1.00$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$153,106AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,092AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$161,198TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$161,198AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,418CashDeemedCharitableAmt
Net Vl Noncharitable Assets$158,780NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,939MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,939MinimumInvestmentReturnAmt
Tax Based On Investment Income$45TaxBasedOnInvestmentIncomeAmt
Total Tax$45TotalTaxAmt
Distributable Before Adj$7,894DistributableBeforeAdjAmt
Distributable Before Ded$7,894DistributableBeforeDedAmt
Distributable As Adjusted$7,894DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,675ExpensesAndContributionsAmt
Qualifying Distributions$8,675QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$45PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$8,630AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,894DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,334ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$542ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$1,732ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,608TotalExcessDistributionCyovAmt
Qualifying Distributions$8,675QualifyingDistributionsAmt
Applied To Current Year$7,894AppliedToCurrentYearAmt
Remaining Distri From Corpus$781RemainingDistriFromCorpusAmt
Total Corpus$4,389TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,334ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,055ExcessDistriCyovToNextYrAmt
Excess From Year4$542ExcessFromYear4Amt
Excess From Year1$1,732ExcessFromYear1Amt
Excess From Current Year$781ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MISERCORDIA HOME
6300 N RIDGE AVECHICAGOIL60660501(C)3DEVELOPMENTAL DISABILIIESSUPPORT FOR PEOPLE WIHUNRESTRICTED GRANT$5,350
NATIONAL JEWISH HEALTH
1400 JACKSON STREETDENVERCO802062762501(C)3TREATMENT FOR RESPITORY DISEASESSUPPORT FOR HOSPITAL PROVIDINGUNRESTRICTED GRANT$1,000
MISERCORDIA WOMEN'S LEAGUE
6300 N RIDGE AVECHICAGOIL60660501(C)3DEVELOPMENTAL DISABILIIESSUPPORT FOR PEOPLE WIHUNRESTRICTED GRANT$1,500
LEUKEMIA & LYMPHONA SOCIETY
651 WEST WASHINGTON BLVD SUITE 400CHICAGOIL60661501(C)3FIGHTING BLOOD CANCERSSUPPORT FOR ORGANIZATIONUNRESTRICTED GRANT$300
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

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$5,016ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,017ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,017TotalIncomeProducingActyAmt

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)
CategoryIPEMA & ASSOC PC TAX RETURN PREPCategoryTxt
Amt$800Amt
Net Investment Income$400NetInvestmentIncomeAmt
Disbursements Charitable Prps$400DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AT&T COMMON STOCK$33,506$47,485
COMCAST COMMON STOCK$2,121$9,398
WALGREEN COMMON STOCK$19,902$53,340
EXXON MOBIL$26,569$46,595

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADMINISTRATION EXPENSE$200$100$100
BANK CHARGES$24$12$12

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescBANK OVERDRAFTDesc

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescBANK OVERDRAFTDesc

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ILLINOIS CHARITY BUREAU$15$7$8
ILLINOIS SECRETARY OF STATE$10$5$5
EXCISE TAX$100

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