THE BOWERS FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
THE BOWERS FOUNDATION (EIN 45-3668271)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-09
IRS object ID
201401299349101875
Schema version
2013v3.1
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)
Return2014-05-09T15:23:21-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1
CityLake SuccessCity
StateNYState
ZIP Code11042ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453668271EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Bowers FoundationBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of% c/o Foundation SourceInCareOfNm
Business Name ControlBOWEBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1
Address Line2Suite 123AddressLine2
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personjohn bowersPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2014-04-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$369,892FMVAssetsEOYAmt
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
Dividends Rev And Expnss$10,850DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,850DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,248NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$107,780GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,774CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$592OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$15,690TotalRevAndExpnssAmt
Total Net Invst Incm$19,624TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$4,773OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,773OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,751OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$4,751OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,524TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,773TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,751TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$29,524TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,773TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$24,751TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$13,834ExcessRevenueOverExpensesAmt
Net Investment Income$14,851NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$3,570SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,328SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,328SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$378,033CorporateStockBOYAmt
Corporate Stock EOY$364,441CorporateStockEOYAmt
Corporate Stock EOYFMV$366,564CorporateStockEOYFMVAmt
Total Assets BOY$381,603TotalAssetsBOYAmt
Total Assets EOY$367,769TotalAssetsEOYAmt
Total Assets EOYFMV$369,892TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$381,603RetainedEarningBOYAmt
Retained Earning EOY$367,769RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$381,603TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$367,769TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$381,603TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$367,769TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$381,603TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$13,834ExcessRevenueOverExpensesAmt
Subtotal$367,769SubtotalAmt
Tot Net Ast Or Fund Balances EOY$367,769TotNetAstOrFundBalancesEOYAmt

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$107,780GrossSalesPriceAmt
Cost Or Other Basis$99,006CostOrOtherBasisAmt
Gain Or Loss$8,774GainOrLossAmt
Gains Minus Excess Or Losses$8,774GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$8,774CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$28,460AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$400,155NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.071122DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$82,891NetVlNoncharitableAssetsYr2Amt
Total Distribution0.071122TotalDistributionRt
Average Distribution0.035561AverageDistributionRt
Net Vl Noncharitable Assets$373,987NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$13,299AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$149NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$13,448AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$24,751QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$149InvestmentIncomeExciseTaxAmt
Subtotal$149SubtotalAmt
Tax Based On Investment Income$149TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$300EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$300TotalPaymentsAndCreditsAmt
Overpayment$151OverpaymentAmt
Applied To ES Tax$151AppliedToESTaxAmt

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 Line1co Foundation SourceBusinessNameLine1
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Ariel Bowers
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0
John Bowers
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres / Dir / Sec1.0$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$371,123AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,559AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$379,682TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$379,682AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,695CashDeemedCharitableAmt
Net Vl Noncharitable Assets$373,987NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,699MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$18,699MinimumInvestmentReturnAmt
Tax Based On Investment Income$149TaxBasedOnInvestmentIncomeAmt
Total Tax$149TotalTaxAmt
Distributable Before Adj$18,550DistributableBeforeAdjAmt
Distributable Before Ded$18,550DistributableBeforeDedAmt
Distributable As Adjusted$18,550DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$24,751ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$24,751QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$149PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$24,602AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,550DistributableAsAdjustedAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Excess Distribution Cyov Yr1$8,032ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,032TotalExcessDistributionCyovAmt
Qualifying Distributions$24,751QualifyingDistributionsAmt
Applied To Current Year$18,550AppliedToCurrentYearAmt
Remaining Distri From Corpus$6,201RemainingDistriFromCorpusAmt
Total Corpus$14,233TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$14,233ExcessDistriCyovToNextYrAmt
Excess From Year1$8,032ExcessFromYear1Amt
Excess From Current Year$6,201ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerARIEL BOWERSContributingManagerNm
Contributing ManagerJOHN BOWERSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DIRECT RELIEF
27 S LA PATERA LNSANTA BARBARACA93117N/APCGeneral & Unrestricted$1,000
HOSPICE OF SANTA BARBARA INC
2050 ALAMEDA PADRE SERRA Ste 100SANTA BARBARACA93103N/APCGeneral & Unrestricted$2,000
NATIONAL BRAIN TUMOR SOCIETY INC
55 CHAPEL ST STE 200NEWTONMA02458N/APCGeneral & Unrestricted$1,000
RENAISSANCE CHARTER HIGH SCHOOL FOR INNOVATION
410 E 100TH ST 2ND FLNEW YORKNY10029N/APCGeneral & Unrestricted$1,000
TFTSP YOUTH GOLF COUNCIL ST PETERSBURG FLORIDA INC
PO BOX 55913ST PETERSBURGFL33732N/APCGeneral & Unrestricted$1,000
UNITE TO LIGHT
PO BOX 612GOLETACA93116N/APCGeneral & Unrestricted$12,000
WESTSIDE SHEPHERD RESCUE OF LOS ANGELES INC
2721 WIGTOWN RDLOS ANGELESCA90064N/APCGeneral & Unrestricted$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,850ExclusionAmt
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$4,248ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFederal Tax RefundDesc
Exclusion01ExclusionCd
Exclusion$592ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,690ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,690TotalIncomeProducingActyAmt

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 (11 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BERKSHIRE HATHAWAY INC. CL B$21,385$33,552
DOUBLELINE INCOME SOLUTIONS FD$22,064$20,563
GOOGLE INC CL A$8,189$14,569
JP MORGAN ALERIAN MLP INDX ETF$50,060$63,499
MARKET VECTORS - GOLD MINERS$26,405$10,565
MARKET VECTORS ETF TRJR GOLD$54,103$17,605
NUVEEN CREDIT STRATEGIES INCOM$24,970$26,758
PIMCO DYNAMIC CREDIT INCOME FD$22,830$22,480
VANGUARD INFORMATION TECHNOLOG$39,988$49,247
VIRTUS ALPHASECTOR PREMIUM FD$48,391$60,825
VIRTUS MULTI-SECTOR SHORT TERM$46,056$46,901

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$4,726$4,726
State or Local Filing Fees$25$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc990-PF Federal Tax RefundDesc
Revenue And Expenses Per Books$592RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$4,773Amt
Net Investment Income$4,773NetInvestmentIncomeAmt

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