THE OWEN FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE OWEN FOUNDATION (EIN 91-1877873)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-15
- IRS object ID
- 201201369349102285
- Schema version
- 2011v1.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T17:47:06-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACK M LAMB CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2111 W 70TH TER | AddressLine1 |
| City | MISSION HILLS | City |
| State | KS | State |
| ZIP Code | 662082735 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911877873 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE OWEN FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OWEN | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27085 WEST 102ND STREET | AddressLine1 |
| City | OLATHE | City |
| State | KS | State |
| ZIP Code | 660618406 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID C OWEN | Name |
| Title | TRUSTEE | Title |
| Date Signed | 2012-05-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACK M MIKE LAMB CPA | Name |
| Phone | 9136202344 | Phone |
| Date Prepared | 2012-05-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 152932 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 19 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 19 | DividendsNetInvstIncm |
| Total Revenue And Expenses | 19 | TotalRevenueAndExpenses |
| Total Net Investment Income | 19 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 357 | LegalFeesRevAndExpnss |
| Accounting Fees Rev And Expnss | 1500 | AccountingFeesRevAndExpnss |
| Deprec And Depletion Rev And Expnss | 4057 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 95 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 6009 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 64700 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 64700 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 70709 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 64700 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -70690 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 19 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 225299 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 148308 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 148308 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 186580 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 194783 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 4624 | InvestmentsCorpStockEOYFMV |
| Land Building And Equipment Basis | 4057 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 4057 | AccumDeprecLandBldgAndEquip |
| Total Assets BOY | 411879 | TotalAssetsBOY |
| Total Assets EOY | 343091 | TotalAssetsEOY |
| Total Assets EOYFMV | 152932 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 411879 | UnrestrictedBOY |
| Unrestricted EOY | 343091 | UnrestrictedEOY |
| Total Net Assets BOY | 411879 | TotalNetAssetsBOY |
| Total Net Assets EOY | 343091 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 411879 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 343091 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 411879 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -70690 | ExcessOfRevenueOverExpenses |
| Other Increases | 1902 | OtherIncreases |
| Subtotal | 343091 | Subtotal |
| Total Net Assets Fund Balances EOY | 343091 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 47497 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 303659 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.156416 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 800 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 361393 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.002214 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 12760 | QualifyingDistributionsYear3 |
| Qualifying Distributions Year4 | 23850 | QualifyingDistributionsYear4 |
| Qualifying Distributions Year5 | 26800 | QualifyingDistributionsYear5 |
| Total Distribution Ratio | 0.158630 | TotalDistributionRatio |
| Average Distribution Ratio | 0.079315 | AverageDistributionRatio |
| Net Noncharitable Assets | 208991 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 16576 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 16576 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 64700 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | DAVID C OWEN | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9134498500 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27085 WEST 102ND ST | AddressLine1 |
| City | OLATHE | City |
| State | KS | State |
| ZIP Code | 660618406 | ZIPCode |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| DAVID C OWEN | ||||||||
| 27085 WEST 102ND ST | OLATHE | KS | 660618406 | TRUSTEE | 1.00 | 0 | 0 | 0 |
| JOHN E LARSON | ||||||||
| 7225 RENNER ROAD | SHAWNEE | KS | 66217 | DIRECTOR | 0.10 | 0 | 0 | 0 |
| LAURA E OWEN | ||||||||
| 27085 WEST 102ND ST | OLATHE | KS | 660618406 | DIRECTOR | 0.10 | 0 | 0 | 0 |
| ROGER L MASON | ||||||||
| 14950 SOUTH ST ANDREWS | OLATHE | KS | 66061 | DIRECTOR | 0.10 | 0 | 0 | 0 |
| WILLIAM L STUTZ | ||||||||
| 1440 SW JEFFERSON | LEES SUMMIT | MO | 64081 | DIRECTOR | 0.10 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 24420 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 187754 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 212174 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 212174 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 3183 | CashDeemedCharitable |
| Net Noncharitable Assets | 208991 | NetNoncharitableAssets |
| Minimum Investment Return | 10450 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 10450 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 10450 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 10450 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 10450 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 64700 | ExpensesAndContributions |
| Qualifying Distributions | 64700 | QualifyingDistributions |
| Adj Qualifying Distributions | 64700 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 10450 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 14244 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 14244 | TotalExcessDistriCarryover |
| Qualifying Distributions | 64700 | QualifyingDistributions |
| Applied To Current Year | 10450 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 54250 | RemainingDistriFromCorpus |
| Total Corpus | 68494 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 68494 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 14244 | ExcessFromYear1 |
| Excess From Current Year | 54250 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OTTAWA UNIVERSITY | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 SOUTH CEDAR | AddressLine1 |
| City | OTTAWA | City |
| State | KS | State |
| ZIP Code | 66067 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | LEADERSHIP INSTITUTE | PurposeOfGrantOrContribution |
| Amount | $64,700 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 64700 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $19 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $19 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 19 | TotalPartXVIA |
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 3 | LineNumber |
| Relationship Statement | GRANT MAKING ORGANIZATION | RelationshipStatement |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $1,500 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation (5 entries)
| DAVID C OWEN |
| JOHN E LARSON |
| LAURA E OWEN |
| ROGER L MASON |
| WILLIAM L STUTZ |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Property | OFFICE EQUIPMENT | DescriptionOfProperty |
| Date Acquired | 2011-06-30 | DateAcquired |
| Cost Or Other Basis | 4057 | CostOrOtherBasis |
| Computation Method | 200DB | ComputationMethod |
| Life | 5.0000 | Life |
| Current Year Expense | 4057 | CurrentYearExpense |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (3 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 150,000 AIMS WORLDWIDE | 108500 | 540 |
| 1,667 CELSIA TECNOLOGIES | 54000 | 4 |
| 12,000 SANUWAVE HEALTH | 32283 | 4080 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT LEGAL FEES | Category |
| Amount | $357 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks |
|---|---|
| EXPENSES | |
| BANK CHARGES | 95 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PRIOR YR ADJUSTMENTS | Description |
| Amount | $1,902 | Amount |
Comments