LIBRA FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LIBRA FOUNDATION INC (EIN 46-3983219)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-01-14
IRS object ID
202620149349100907
Schema version
2024v5.0
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)
Return2026-01-14T16:41:19-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN416192096PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BOYUM & BARENSCHEER PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13050 METRO DR STE 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554251547ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463983219EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LIBRA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIBRBusinessNameControlTxt
Phone6129630109PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11920 OLIVER PL SAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN HUNSICKERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2033271700PhoneNum
Signature2025-12-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER WITTICHPreparerPersonNm
PTINP01273882PTIN
Phone9528544244PhoneNum
Preparation2025-12-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$515,539FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$500,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$132InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$132InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,602DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,602DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$222NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$19,778GrossSalesPriceAmt
Total Rev And Expnss$505,512TotalRevAndExpnssAmt
Total Net Invst Incm$5,734TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$6,427LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$6,427LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$1,818OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,818OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$8,245TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,818TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,427TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,245TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,818TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,427TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$497,267ExcessRevenueOverExpensesAmt
Net Investment Income$3,916NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,979CashBOYAmt
Cash EOY$140,685CashEOYAmt
Cash EOYFMV$140,685CashEOYFMVAmt
Corporate Stock EOY$251,955CorporateStockEOYAmt
Corporate Stock EOYFMV$266,272CorporateStockEOYFMVAmt
Corporate Bonds EOY$87,695CorporateBondsEOYAmt
Corporate Bonds EOYFMV$88,561CorporateBondsEOYFMVAmt
Other Assets EOY$19,911OtherAssetsEOYAmt
Other Assets EOYFMV$20,021OtherAssetsEOYFMVAmt
Total Assets BOY$2,979TotalAssetsBOYAmt
Total Assets EOY$500,246TotalAssetsEOYAmt
Total Assets EOYFMV$515,539TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,979NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$500,246NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,979TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$500,246TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,979TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$500,246TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,979TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$497,267ExcessRevenueOverExpensesAmt
Subtotal$500,246SubtotalAmt
Tot Net Ast Or Fund Balances EOY$500,246TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$19,778GrossSalesPriceAmt
Cost Or Other Basis$20,000CostOrOtherBasisAmt
Gain Or Loss-$222GainOrLossAmt
Gains Minus Excess Or Losses-$222GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$222CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$54InvestmentIncomeExciseTaxAmt
Subtotal$54SubtotalAmt
Tax Based On Investment Income$54TaxBasedOnInvestmentIncomeAmt
Tax Due$54TaxDueAmt

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 StateCTOrgReportOrRegisterStateCd
Org Report Or Register StateMNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOHN HUNSICKERIndividualWithBooksNm
Phone6129630109PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11920 OLIVER PL SAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN HUNSICKER
1920 OLIVER PL SMINNEAPOLISMN55405PRESIDENT1.00$0$0$0
KARIN HUNSICKER
1920 OLIVER PL SMINNEAPOLISMN55405CO-TREASURER1.00$0$0$0
MADELINE H JAMES
1920 OLIVER PL SMINNEAPOLISMN55405CO-TREASURER1.00$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$160,008AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$98,493AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$258,501TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$258,501AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,878CashDeemedCharitableAmt
Net Vl Noncharitable Assets$254,623NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,731MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,731MinimumInvestmentReturnAmt
Tax Based On Investment Income$54TaxBasedOnInvestmentIncomeAmt
Total Tax$54TotalTaxAmt
Distributable Before Adj$12,677DistributableBeforeAdjAmt
Distributable Before Ded$12,677DistributableBeforeDedAmt
Distributable As Adjusted$12,677DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,427ExpensesAndContributionsAmt
Qualifying Distributions$6,427QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,677DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$917ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$917TotalExcessDistributionCyovAmt
Qualifying Distributions$6,427QualifyingDistributionsAmt
Applied To Current Year$6,427AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$917ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$917ExcessDistributionCyovAppCYAmt
Undistributed Income CY$5,333UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$132ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,602ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$222ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,512ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,512TotalIncomeProducingActyAmt

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 PersonCAROLYN HUNSICKERContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11920 OLIVER PL SAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd
FieldValueIRS element (for citing)
Total Contributions$500,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BAIRD AGGREGATE BOND FUND, 2,843 SHS$27,695$27,999
PGIM TOTAL RETURN BOND, 3,360 SHS$40,000$40,450
PIMCO INCOME FUND, 1,867 SHS$20,000$20,112

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COLUMBIA DIVIDEND INCOME, 2,301 SHS$80,000$81,957
FIDELITY LARGE CAP, 640.849 SHS$25,000$26,634
ALLSPRING SPEC MID CAP., 42.626 SHS$2,000$2,055
ISHARES RUSSELL MID CAP, 95 SHS$12,510$13,175
COLUMBIA SMALL CAP, 326.477 SHS$10,000$9,886
CLEARBRIDGE INT. GROWTH, 272.072 SHS$20,000$20,596
CAUSEWAY EMERGING MKTS, 850.34 SHS$10,000$10,791
OTHER EQUITIES$92,445$101,178

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$6,427LegalFeesAmt
Disbursements Charitable Prps$6,427DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescCOHEEN STEERS REALTY, 296.076 SHSDesc
EOY Book Value$19,911EOYBookValueAmt
EOYFMV$20,021EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$1,818Amt
Net Investment Income$1,818NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonCAROLYN HUNSICKERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11920 OLIVER PL SAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55405ZIPCd

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