SCHECK FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
SCHECK FOUNDATION (EIN 36-3490217)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-06-20
IRS object ID
201331719349100608
Schema version
2012v2.1
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)
Timestamp2013-06-20T11:39:04-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCBEATH FATES & IVERS PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1115 WEST ORCHARD STREET FLOOR 2AddressLine1
CityITASCACity
StateILState
ZIP Code60143ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN363490217EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1SCHECK FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSCHENameControl
Phone8478605550Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line12500 YORK ROADAddressLine1
CityELK GROVE VILLAGECity
StateILState
ZIP Code60007ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMIKE SCHECKName
TitlePRESIDENTTitle
Phone8478605550Phone
Date Signed2013-06-07DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameWILLIAM A FATESName
Phone6302509020Phone
Date Prepared2013-06-10DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY100830FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss2106DividendsRevAndExpnss
Dividends Net Invst Incm2106DividendsNetInvstIncm
Dividends Adj Net Incm2106DividendsAdjNetIncm
Total Revenue And Expenses2106TotalRevenueAndExpenses
Total Net Investment Income2106TotalNetInvestmentIncome
Total Adjusted Net Income2106TotalAdjustedNetIncome
Legal Fees Rev And Expnss1305LegalFeesRevAndExpnss
Legal Fees Net Invst Incm1305LegalFeesNetInvstIncm
Tot Opr Expenses Rev And Expnss1305TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm1305TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss0ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps0ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss1305TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm1305TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps0TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses801ExcessOfRevenueOverExpenses
Net Investment Income801NetInvestmentIncome
Adjusted Net Income2106AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY60118CashBOY
Cash EOY65456CashEOY
Cash EOYFMV65456CashEOYFMV
Investments Corp Bonds BOY9750InvestmentsCorpBondsBOY
Investments Corp Bonds EOY9750InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV10438InvestmentsCorpBondsEOYFMV
Investments Other BOY32227InvestmentsOtherBOY
Investments Other EOY27690InvestmentsOtherEOY
Investments Other EOYFMV24936InvestmentsOtherEOYFMV
Total Assets BOY102095TotalAssetsBOY
Total Assets EOY102896TotalAssetsEOY
Total Assets EOYFMV100830TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY102095CapitalStockBOY
Retained Earnings EOY102896RetainedEarningsEOY
Total Net Assets BOY102095TotalNetAssetsBOY
Total Net Assets EOY102896TotalNetAssetsEOY
Total Liabilities Net Assets BOY102095TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY102896TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY102095TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses801ExcessOfRevenueOverExpenses
Subtotal102896Subtotal
Total Net Assets Fund Balances EOY102896TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Noncharitable Assets Year1100927NoncharitableAssetsYear1
Qualifying Distributions Year25000QualifyingDistributionsYear2
Noncharitable Assets Year2100154NoncharitableAssetsYear2
Distribution Ratio Year20.049923DistributionRatioYear2
Qualifying Distributions Year36080QualifyingDistributionsYear3
Noncharitable Assets Year3101600NoncharitableAssetsYear3
Distribution Ratio Year30.059843DistributionRatioYear3
Qualifying Distributions Year414500QualifyingDistributionsYear4
Noncharitable Assets Year4109178NoncharitableAssetsYear4
Distribution Ratio Year40.132811DistributionRatioYear4
Qualifying Distributions Year52500QualifyingDistributionsYear5
Noncharitable Assets Year5115733NoncharitableAssetsYear5
Distribution Ratio Year50.021601DistributionRatioYear5
Total Distribution Ratio0.264178TotalDistributionRatio
Average Distribution Ratio0.066045AverageDistributionRatio
Net Noncharitable Assets96689NetNoncharitableAssets
Adjusted Noncharitable Assets6386AdjustedNoncharitableAssets
One Percent Net Investment Income8OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One6394AdjNonchrtblAssetsAndOnePct
Qualifying Distributions0QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax16InvestmentIncomeExciseTax
Subtotal16Subtotal
Tax Based On Investment Income16TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment17EstTaxPaymentsAndOverpayment
Total Credits And Payments17TotalCreditsAndPayments
Overpayment1Overpayment
Amount Credited To Next Year1AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameTONY CARUSOBooksInCareOfPersonName
Books In Care Of Phone Number8473500009BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line12500 YORK ROADAddressLine1
Address Line22500 YORK ROADAddressLine2
CityELK GROVE VILLAGECity
StateILState
ZIP Code60007ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
MIKE SCHECK
2500 YORK ROADELK GROVE VILLAGEIL60007PRES/DIR1.00000
FRANK SCHECK
2500 YORK ROADELK GROVE VILLAGEIL60007SEC/DIR1.00000
NANCY DICKERSON
2500 YORK ROADELK GROVE VILLAGEIL60007TREASURER/DI1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities35374AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances62787AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets98161TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets98161AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1472CashDeemedCharitable
Net Noncharitable Assets96689NetNoncharitableAssets
Minimum Investment Return4834MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4834MinimumInvestmentReturn
Tax Based On Investment Income16TaxBasedOnInvestmentIncome
Total Tax16TotalTax
Distributable Amount Before Adj4818DistributableAmountBeforeAdj
Distributable Amount Before Ded4818DistributableAmountBeforeDed
Distributable Amount As Adjusted4818DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions0ExpensesAndContributions
Qualifying Distributions0QualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4818DistributableAmountAsAdjusted
Excess Distri Carryover Year4319ExcessDistriCarryoverYear4
Excess Distri Carryover Year31040ExcessDistriCarryoverYear3
Excess Distri Carryover Year212ExcessDistriCarryoverYear2
Total Excess Distri Carryover1371TotalExcessDistriCarryover
Excess Distri Cyov App CY Corpus1371ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY1371ExcessDistriCyovAppliedCY
Undistributed Income CY3447UndistributedIncomeCY

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income2106RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income2106RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA2106TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps (2 entries)

Line NumberLineNumberRelationship StatementRelationshipStatement
3INVESTMENT INCOME IS THE PRIMARY MEANS BY WHICH THE TAXPAYER ACCOMPLISHES ITS CHARITABLE GIVING
4INVESTMENT INCOME IS THE PRIMARY MEANS BY WHICH THE TAXPAYER ACCOMPLISHES ITS CHARITABLE GIVING

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

MIKE SCHECK
FRANK SCHECK
NANCY DICKERSON

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

FieldValueIRS element (for citing)
Name Of BondNEW YORK TELEPHONE CONameOfBond
EOY Book Value9750EOYBookValue
EOYFMV10438EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemVAN LAMPEN INSURED INCOMECategoryOrItem
Listed At Cost Or FMVAT COSTListedAtCostOrFMV
Book Value27690BookValue
EOYFMV24936EOYFMV

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategory
Amount$1,305Amount
Net Investment Income1305NetInvestmentIncome

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