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DONALD AND MARILYN KEOUGH FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
DONALD AND MARILYN KEOUGH FOUNDATION (EIN 58-1709967)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-13
IRS object ID
201441339349101769
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)
Return2014-05-13T12:27:47-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line155 IVAN ALLEN BLVD SUITE 1000AddressLine1
CityATLANTACity
StateGAState
ZIP Code30308ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN581709967EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Donald and Marilyn Keough FoundationBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of% MICHAEL KEOUGHInCareOfNm
Business Name ControlDONABusinessNameControlTxt
Phone7708525005PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 Galleria ParkwayAddressLine1
Address Line2Suite 970AddressLine2
CityAtlantaCity
StateGAState
ZIP Code30339ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL KEOUGHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2014-05-10SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Phone4048748300PhoneNum
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$11,283,718FMVAssetsEOYAmt
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$34InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$34InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$299,488DividendsRevAndExpnssAmt
Dividends Net Invst Incm$299,488DividendsNetInvstIncmAmt
Other Income Rev And Expnss$1,730OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$301,252TotalRevAndExpnssAmt
Total Net Invst Incm$299,522TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$5,188TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$976OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$251OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$725OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,164TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$251TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$725TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$493,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$493,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$499,164TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$251TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$493,725TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$197,912ExcessRevenueOverExpensesAmt
Net Investment Income$299,271NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$353,210SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$155,298SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$155,298SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,236,096CorporateStockBOYAmt
Corporate Stock EOY$2,236,096CorporateStockEOYAmt
Corporate Stock EOYFMV$11,128,420CorporateStockEOYFMVAmt
Total Assets BOY$2,589,306TotalAssetsBOYAmt
Total Assets EOY$2,391,394TotalAssetsEOYAmt
Total Assets EOYFMV$11,283,718TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$2,236,096CapitalStockBOYAmt
Capital Stock EOY$2,236,096CapitalStockEOYAmt
Additional Paid In Capital BOY$500AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$500AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$352,710RetainedEarningBOYAmt
Retained Earning EOY$154,798RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,589,306TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,391,394TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,589,306TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,391,394TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,589,306TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$197,912ExcessRevenueOverExpensesAmt
Subtotal$2,391,394SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,391,394TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$477,237AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$10,039,257NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.047537DistributionYr1Rt
Adjusted Qlfy Distri Yr2$410,467AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$9,222,270NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.044508DistributionYr2Rt
Adjusted Qlfy Distri Yr3$340,378AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$8,320,330NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.040909DistributionYr3Rt
Adjusted Qlfy Distri Yr4$356,614AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$6,836,484NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.052163DistributionYr4Rt
Adjusted Qlfy Distri Yr5$361,479AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,230,392NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.049994DistributionYr5Rt
Total Distribution0.235111TotalDistributionRt
Average Distribution0.047022AverageDistributionRt
Net Vl Noncharitable Assets$10,759,587NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$505,937AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$2,993NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$508,930AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$493,725QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,985InvestmentIncomeExciseTaxAmt
Subtotal$5,985SubtotalAmt
Tax Based On Investment Income$5,985TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,190EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,190TotalPaymentsAndCreditsAmt
Tax Due$795TaxDueAmt

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 StateGAOrgReportOrRegisterStateCd
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 AddressNONEWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL KEOUGHBusinessNameLine1
FieldValueIRS element (for citing)
Phone7708525005PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1200 GALLERIA PKWY STE 970AddressLine1
CityATLANTACity
StateGAState
ZIP Code30339ZIPCode
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 (8 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DONALD R KEOUGH
200 Galleria ParkwayAtlantaGA30339TRUSTEE, CHAIRMAN2.0$0$0$0
MARILYN M KEOUGH
200 Galleria ParkwayAtlantaGA30339TRUSTEE, PRESIDENT1.0$0$0$0
MICHAEL L KEOUGH
200 Galleria ParkwayAtlantaGA30339TRUSTEE3.0$0$0$0
KATHLEEN K SOTO
200 Galleria ParkwayAtlantaGA30339TRUSTEE1.0$0$0$0
SHAYLA K RUMELY
200 Galleria ParkwayAtlantaGA30339TRUSTEE1.0$0$0$0
PATRICK J KEOUGH
200 Galleria ParkwayAtlantaGA30339TRUSTEE1.0$0$0$0
EILEEN K MILLARD
200 Galleria ParkwayAtlantaGA30339TRUSTEE1.0$0$0$0
CLARKE R KEOUGH
200 Galleria ParkwayAtlantaGA30339TRUSTEE1.0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$10,562,937AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$360,502AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,923,439TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$10,923,439AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$163,852CashDeemedCharitableAmt
Net Vl Noncharitable Assets$10,759,587NetVlNoncharitableAssetsAmt
Minimum Investment Return$537,979MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$537,979MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,985TaxBasedOnInvestmentIncomeAmt
Total Tax$5,985TotalTaxAmt
Distributable Before Adj$531,994DistributableBeforeAdjAmt
Distributable Before Ded$531,994DistributableBeforeDedAmt
Distributable As Adjusted$531,994DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$493,725ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$493,725QualifyingDistributionsAmt
Adjusted Qualifying Distri$493,725AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$531,994DistributableAsAdjustedAmt
Undistributed Income PY$470,352UndistributedIncomePYAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Excess Distribution Cyov Yr4$0ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$0ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$493,725QualifyingDistributionsAmt
Applied To Year1$470,352AppliedToYear1Amt
Applied To Current Year$23,373AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$508,621UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Year3$0ExcessFromYear3Amt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDONALD R KEOUGHContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line12013 GRANTSBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHMENTAddressLine1
Address Line2SEE ATTACHMENTAddressLine2
CityVARIOUSCity
StateVAState
ZIP Code00000ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Grant Or Contribution PurposeGENERALGrantOrContributionPurposeTxt
Amt$493,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$493,000TotalGrantOrContriPdDurYrAmt

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$34ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$299,488ExclusionAmt
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescTAX REFUNDDesc
Exclusion01ExclusionCd
Exclusion$1,730ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$301,252ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$301,252TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COCA-COLA STOCK$1,789,571$10,650,709
COCA-COLA STOCK$105,015$172,511
COCA-COLA AMATIL STOCK$29,542$107,600
LIVE NATION ENTERTAINMENT$311,968$197,600

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$251$251
SUBSCRIPTIONS$725$725

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTAX REFUNDDesc
Revenue And Expenses Per Books$1,730RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXES PAIDCategoryTxt
Amt$5,188Amt

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