RAKOWICH FAMILY FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
RAKOWICH FAMILY FOUNDATION INC (EIN 46-0933919)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-13
IRS object ID
201441339349102369
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)
Return2014-05-13T13:39:51-07:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Gouger Franzmann & RedmanBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1400 Inverness Parkway Ste 250AddressLine1
CityEnglewoodCity
StateCOState
ZIP Code801125884ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460933919EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Rakowich Family FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlRAKOBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11700 Lincoln Street MAC C7300-498AddressLine1
CityDenverCity
StateCOState
ZIP Code80203ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWalter C RakowichPersonNm
Person TitlePresidentPersonTitleTxt
Signature2014-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJason RedmanPreparerPersonNm
PTINP01078042PTIN
Phone7202661040PhoneNum
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$2,799,629FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$306,999ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$56,631DividendsRevAndExpnssAmt
Dividends Net Invst Incm$56,631DividendsNetInvstIncmAmt
Dividends Adj Net Incm$56,631DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$317,075NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,634,244GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$317,075CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$8,107NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$454OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$454OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$454OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$681,159TotalRevAndExpnssAmt
Total Net Invst Incm$374,160TotalNetInvstIncmAmt
Total Adj Net Incm$65,192TotalAdjNetIncmAmt
Taxes Rev And Expnss$1,025TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,025TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,025TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$16,658OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$16,658OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$16,658OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$17,683TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,683TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$17,683TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$266,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$266,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$284,183TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,683TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$17,683TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$266,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$396,976ExcessRevenueOverExpensesAmt
Net Investment Income$356,477NetInvestmentIncomeAmt
Adjusted Net Income$47,509AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$39,393CashBOYAmt
Cash EOY$101,925CashEOYAmt
Cash EOYFMV$101,924CashEOYFMVAmt
US Government Obligations BOY$1,260,951USGovernmentObligationsBOYAmt
US Government Obligations EOY$881,793USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$881,793USGovtObligationsEOYFMVAmt
Corporate Stock BOY$1,214,956CorporateStockBOYAmt
Corporate Stock EOY$1,815,912CorporateStockEOYAmt
Corporate Stock EOYFMV$1,815,912CorporateStockEOYFMVAmt
Total Assets BOY$2,515,300TotalAssetsBOYAmt
Total Assets EOY$2,799,630TotalAssetsEOYAmt
Total Assets EOYFMV$2,799,629TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$2,515,300CapitalStockBOYAmt
Capital Stock EOY$2,799,630CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,515,300TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,799,630TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,515,300TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,799,630TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,515,300TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$396,976ExcessRevenueOverExpensesAmt
Subtotal$2,912,276SubtotalAmt
Other Decreases$112,646OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,799,630TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$317,075CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$8,107NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$90,100NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets$2,673,994NetVlNoncharitableAssetsAmt
Net Investment Income Pct$3,565NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$3,565AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$266,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$3,565InvestmentIncomeExciseTaxAmt
Subtotal$3,565SubtotalAmt
Tax Based On Investment Income$3,565TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$65EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$65TotalPaymentsAndCreditsAmt
Tax Due$3,500TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCOOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Walter C RakowichBusinessNameLine1
FieldValueIRS element (for citing)
Phone7202661040PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15051 South Lafayette LaneAddressLine1
CityEnglewoodCity
StateCOState
ZIP Code80113ZIPCode
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonWalter C RakowichPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15051 S Lafeyette LaneAddressLine1
CityEnglewoodCity
StateCOState
ZIP Code80113ZIPCode
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos2.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Gift to The Pennsylvania State University to create a Real Estate Research Fund.Description1Txt
Expenses1$70,000Expenses1Amt
Description2Gift to Bridge to Rwanda for Scholarships, Training and Assistance to qualified Rwandans to aide their applications to International Universities.Description2Txt
Expenses2$50,000Expenses2Amt
Description3Gift to Colorado Uplift to assist urban youth to graduate and go to college.Description3Txt
Expenses3$50,000Expenses3Amt
Description4Gift to Greenwood Community Church for Religious Purposes.Description4Txt
Expenses4$30,000Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,649,715AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$65,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,714,715TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,714,715AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$40,721CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,673,994NetVlNoncharitableAssetsAmt
Minimum Investment Return$133,700MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$133,700MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,565TaxBasedOnInvestmentIncomeAmt
Total Tax$3,565TotalTaxAmt
Distributable Before Adj$130,135DistributableBeforeAdjAmt
Distributable Before Ded$130,135DistributableBeforeDedAmt
Distributable As Adjusted$130,135DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$266,500ExpensesAndContributionsAmt
Qualifying Distributions$266,500QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$3,565PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$262,935AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$130,135DistributableAsAdjustedAmt
Undistributed Income PY$4,370UndistributedIncomePYAmt
Qualifying Distributions$266,500QualifyingDistributionsAmt
Applied To Year1$4,370AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$130,135AppliedToCurrentYearAmt
Remaining Distri From Corpus$131,995RemainingDistriFromCorpusAmt
Total Corpus$131,995TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$131,995ExcessDistriCyovToNextYrAmt
Excess From Current Year$131,995ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Wounded Warrior Project
1 S Nevada AveColorado SpringsCO80903Unrelated501c3Assist Wounded Warriors.$2,000
The John Lynch Foundation
PO Box 172247TampaFL33672Unrelated501c3Donation to Colorado Uplift for Scholarship Support.$5,000
Roaring Fork Conservancy
PO Box 3349BasaltCO81621Unrelated501c3Conservancy.$2,500
Cherry Creek Schools Young Life
20050 E Smoky Hill RoadCentennialCO80015Unrelated501c3Religious Activity for Children.$2,000
The Pennsylvania State University
11 Old MainUniversity ParkPA16802Unrelated501c3Research Fund.$70,000
Alliance for Choice in Education
1201 East Colfax Avenue Suite 302DenverCO80128Unrelated501c3Scholarships for children who cannot afford private education.$10,000
The CEO Forum
640 Chapel Hills DrColorado SpringsCO80920Unrelated501c3Promotion of industry.$25,000
Greenwood Community Church
5600 E Bellview AvenueGreenwood VillageCO80111Unrelated501c3Religious Activity.$30,000
Downing House
3680 South Downing StreetEnglewoodCO80113Unrelated501c3Supporting Religious Youth.$20,000
Bridge2Rwanda
1818 N Taylor Street Suite BLittle RockAR72207Unrelated501c3Supporting education goals of Rwyandan Youth.$50,000
Colorado Uplift
3914 King StreetDenverCO80211Unrelated501c3Educational assistance for Urban Youth.$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$266,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$56,631RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$317,075RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$454UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$373,706RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$374,160TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonRakowich Living TrustContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15051 South Lafeyette LaneAddressLine1
CityEnglewoodCity
StateCOState
ZIP Code80112ZIPCode
FieldValueIRS element (for citing)
Total Contributions$306,999TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescVarious Professional FeesDesc
Revenue And Expenses Per Books$16,658RevenueAndExpensesPerBooksAmt
Net Investment Income$16,658NetInvestmentIncomeAmt
Adjusted Net Income$16,658AdjustedNetIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Revenue And Expenses Per Books$454RevenueAndExpensesPerBooksAmt
Net Investment Income$454NetInvestmentIncomeAmt
Adjusted Net Income$454AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign Taxes PaidCategoryTxt
Amt$1,025Amt
Net Investment Income$1,025NetInvestmentIncomeAmt
Adjusted Net Income$1,025AdjustedNetIncomeAmt

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