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THE FALCK FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
THE FALCK FOUNDATION INC (EIN 59-3098588)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-07-02
IRS object ID
201441839349100609
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)
Return2014-07-02T12:17:52-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN592110180PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HILLEGASS CHEPENIK & HOOD CPASBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1427 3RD STREET NORTHAddressLine1
CityJACKSONVILLE BEACHCity
StateFLState
ZIP Code322507028ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593098588EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FALCK FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlFALCBusinessNameControlTxt
Phone9042460713PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18049 WHISPER LAKE LANE WESTAddressLine1
CityPONTE VEDRA BEACHCity
StateFLState
ZIP Code32082ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAPHNE A FRANCPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9042460713PhoneNum
Signature2014-06-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTERRY J HOODPreparerPersonNm
PTINP01200953PTIN
Phone9042460713PhoneNum
Preparation2014-07-02PreparationDt
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$1,689,143FMVAssetsEOYAmt
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$10,754InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,879InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$26,032DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,032DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$69,772NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$293,309GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$58,818CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$106,558TotalRevAndExpnssAmt
Total Net Invst Incm$87,729TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,025AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$12,112OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$11,695OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$13,137TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$11,695TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$76,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$76,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$89,137TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$11,695TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$76,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$17,421ExcessRevenueOverExpensesAmt
Net Investment Income$76,034NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$61,846SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$28,351SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$28,351SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$175,759USGovernmentObligationsBOYAmt
US Government Obligations EOY$115,110USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$117,663USGovtObligationsEOYFMVAmt
Corporate Bonds BOY$50,000CorporateBondsBOYAmt
Other Investments BOY$1,124,053OtherInvestmentsBOYAmt
Other Investments EOY$1,285,618OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,543,129OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,411,658TotalAssetsBOYAmt
Total Assets EOY$1,429,079TotalAssetsEOYAmt
Total Assets EOYFMV$1,689,143TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$1,411,658RetainedEarningBOYAmt
Retained Earning EOY$1,429,079RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,411,658TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,429,079TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,411,658TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,429,079TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,411,658TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$17,421ExcessRevenueOverExpensesAmt
Subtotal$1,429,079SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,429,079TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$58,818CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$57,644AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,530,920NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.037653DistributionYr1Rt
Adjusted Qlfy Distri Yr2$25,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,174,134NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.021292DistributionYr2Rt
Adjusted Qlfy Distri Yr3$17,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$499,822NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.034012DistributionYr3Rt
Adjusted Qlfy Distri Yr4$16,930AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$345,716NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.048971DistributionYr4Rt
Adjusted Qlfy Distri Yr5$11,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$362,113NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.030377DistributionYr5Rt
Total Distribution0.172305TotalDistributionRt
Average Distribution0.034461AverageDistributionRt
Net Vl Noncharitable Assets$1,621,243NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$55,870AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$760NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$56,630AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$76,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$760InvestmentIncomeExciseTaxAmt
Subtotal$760SubtotalAmt
Tax Based On Investment Income$760TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1EsPenaltyAmt
Tax Due$761TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
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 BooksTERRY J HOODIndividualWithBooksNm
Phone9042460713PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1427 N 3RD STREETAddressLine1
CityJACKSONVILLE BEACHCity
StateFLState
ZIP Code32250ZIPCode
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
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/AddressLine1Address Line2USAddress/AddressLine2CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAPHNE E FRANC
8049 WHISPER LAKE LANE WEST8049 WHISPER LAKE LANE WESTPONTE VEDRA BEACHFL32082TRUSTEE1.00$0$0$0
REBECCA F WININGER
5574 RAMBLEWOOD COURT5574 RAMBLEWOOD COURTCOLUMBUSOH43235TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$105,362AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,540,570AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,645,932TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,645,932AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,689CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,621,243NetVlNoncharitableAssetsAmt
Minimum Investment Return$81,062MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$81,062MinimumInvestmentReturnAmt
Tax Based On Investment Income$760TaxBasedOnInvestmentIncomeAmt
Total Tax$760TotalTaxAmt
Distributable Before Adj$80,302DistributableBeforeAdjAmt
Distributable Before Ded$80,302DistributableBeforeDedAmt
Distributable As Adjusted$80,302DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$76,000ExpensesAndContributionsAmt
Qualifying Distributions$76,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$760PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$75,240AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$80,302DistributableAsAdjustedAmt
Undistributed Income PY$75,689UndistributedIncomePYAmt
Qualifying Distributions$76,000QualifyingDistributionsAmt
Applied To Year1$75,689AppliedToYear1Amt
Applied To Current Year$311AppliedToCurrentYearAmt
Undistributed Income CY$79,991UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Address Line2RecipientUSAddress/AddressLine2CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FL SCHOOL-DEAF & BLIND
207 SAN MARCO AVE207 SAN MARCO AVEST AUGUSTINEFL32084NONEDONATION$38,000
SPINAL CORD SOCIETY
19051 COUNTY HIGHWAY19051 COUNTY HIGHWAYFERGUS FALLSMN56537NONEDONATION$38,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$76,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,754RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$26,032RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$69,772RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$106,558RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$106,558TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,025Amt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

DAPHNE E FRANC
REBECCA F WININGER

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (14 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
COVERED SECURITIES REPORTED TO IRS2012-06PURCHASE2013-05$1,291$1,314-$23
COVERED SECURITIES REPORTED TO IRS2012-01PURCHASE2013-05$1,209$1,305-$96
LORD ABBETT SHORT DURATION2010-06PURCHASE2013-05$18,797$18,569$228
MASSACHUSETTS INV GRTH STK FUND2006-03PURCHASE2013-12$8,420$5,006$3,414
PIMCO REAL RETURN BONDS FUND2009-03PURCHASE2013-12$24,462$22,608$1,854
PRUDENTIAL JENNISON EQUITY INC FUND2011-05PURCHASE2013-12$49,994$42,929$7,065
COVERED SECURITIES REPORTED TO IRS2012-09PURCHASE2013-06$8,498$9,363-$865
COVERED SECURITIES REPORTED TO IRS2012-02PURCHASE2013-06$1,577$1,730-$153
DAVIS NY VENTURE FUND2005-05PURCHASE2013-11$4,489$3,433$1,056
LEON CNTY FL CAP IMPT REV2004-01PURCHASE2013-10$50,000$50,000
PIMCO GLOBAL MULTI-ASSET FUND2010-05PURCHASE2013-06$58,549$62,055-$3,506
GOLDMAN SACHS TRUST2011-03PURCHASE2013-10$1,063$882$181
GROWTH FUND AMERICA2005-05PURCHASE2013-09$5,386$3,756$1,630
WELLS FARGO ASSET ALLOCATION2010-05PURCHASE2013-10$756$587$169

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$115,110StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$117,663StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,285,618BookValueAmt
EOYFMV$1,543,129EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
STATE ANNUAL REPORT FEE$61
BROKERAGE FEES$11,695$11,695
FEDERAL INCOME TAX$356

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