KEITH V KIERNAN FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- KEITH V KIERNAN FOUNDATION (EIN 26-0856008)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-10
- IRS object ID
- 201241329349100404
- 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
- Schedule B
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-10T16:23:22-00:00 | 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 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive | AddressLine1 |
| City | Fairfield | City |
| State | CT | State |
| ZIP Code | 06824 | 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 | 260856008 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Keith V Kiernan Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KEIT | NameControl |
| Phone | 8008391754 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Keith V Kiernan | Name |
| Title | President | Title |
| Date Signed | 2012-04-16 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2012-04-16 | 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 | 465745 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 121512 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 5552 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 5552 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 3675 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 189296 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 40766 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 130739 | TotalRevenueAndExpenses |
| Total Net Investment Income | 46318 | TotalNetInvestmentIncome |
| Other Prof Fees Rev And Expnss | 4556 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 4556 | OtherProfFeesNetInvstIncm |
| Other Expenses Rev And Expnss | 6355 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 55 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 6300 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 10911 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 4611 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 6300 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 10911 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 4611 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 6300 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 119828 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 41707 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 697 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 289 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 289 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 331315 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 451551 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 465456 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 332012 | TotalAssetsBOY |
| Total Assets EOY | 451840 | TotalAssetsEOY |
| Total Assets EOYFMV | 465745 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 332012 | RetainedEarningsBOY |
| Retained Earnings EOY | 451840 | RetainedEarningsEOY |
| Total Net Assets BOY | 332012 | TotalNetAssetsBOY |
| Total Net Assets EOY | 451840 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 332012 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 451840 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 332012 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 119828 | ExcessOfRevenueOverExpenses |
| Subtotal | 451840 | Subtotal |
| Total Net Assets Fund Balances EOY | 451840 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Publicly-traded Securities | DescriptionOfAsset |
| Gross Sales Price | 189296 | GrossSalesPrice |
| Cost Or Other Basis | 148530 | CostOrOtherBasis |
| Gain Or Loss | 40766 | GainOrLoss |
| Gains Minus Excess Or Losses | 40766 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 40766 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 5349 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 237713 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.022502 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 4736 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 120655 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 000.039252 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 8460 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 111833 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 000.075649 | DistributionRatioYear3 |
| Noncharitable Assets Year4 | 25567 | NoncharitableAssetsYear4 |
| Total Distribution Ratio | 000.137403 | TotalDistributionRatio |
| Average Distribution Ratio | 000.034351 | AverageDistributionRatio |
| Net Noncharitable Assets | 367245 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 12615 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 417 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 13032 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 6300 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 834 | InvestmentIncomeExciseTax |
| Subtotal | 834 | Subtotal |
| Tax Based On Investment Income | 834 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 272 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 272 | TotalCreditsAndPayments |
| Tax Paid Original Return | 272 | TaxPaidOriginalReturn |
| Form2220 Attached | X | Form2220Attached |
| Tax Due | 562 | TaxDue |
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 |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
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 |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | true | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | Keith V Kiernan | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 19809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | President / Director / Secretary | Title |
| Avg Hours Per Wk Devoted To Position | 010.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 372698 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 140 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 372838 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 372838 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 5593 | CashDeemedCharitable |
| Net Noncharitable Assets | 367245 | NetNoncharitableAssets |
| Minimum Investment Return | 18362 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 18362 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 834 | TaxBasedOnInvestmentIncome |
| Total Tax | 834 | TotalTax |
| Distributable Amount Before Adj | 17528 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 17528 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 17528 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 6300 | ExpensesAndContributions |
| Qualifying Distributions | 6300 | QualifyingDistributions |
| Adj Qualifying Distributions | 6300 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 17528 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 4051 | UndistributedIncomePriorYear |
| Qualifying Distributions | 6300 | QualifyingDistributions |
| Applied To Year1 | 4051 | AppliedToYear1 |
| Applied To Current Year | 2249 | AppliedToCurrentYear |
| Undistributed Income CY | 15279 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Keith V Kiernan | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $5,552 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $3,675 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $9,227 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 9227 | TotalPartXVIA |
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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 0001 | ContributorNumber |
| Contributor Name Individual | Kiernan Keith V | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 35226 Overfalls Drive | AddressLine1 |
| City | Lewes | City |
| State | DE | State |
| ZIP Code | 19958 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 121512 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
| Noncash Contribution Type | X | NoncashContributionType |
Noncash Property NoncashProperty (3 entries)
| Contributor Number From Part IContributorNumberFromPartI | Noncash Property DescriptionNoncashPropertyDescription | Fair Market ValueFairMarketValue | Date ReceivedDateReceived |
|---|---|---|---|
| 0001 | DOUGLAS EMMETT INC | 21104 | 2011-12-12 |
| 0001 | FEDERAL RLTY INVT TR | 21248 | 2011-12-12 |
| 0001 | PUBLIC STORAGE INC | 38160 | 2011-12-12 |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (8 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 1386 shares of ABERDEEN INTERNATIONAL EQUITY FUND CLASS A GIGAX | 20964 | 17473 |
| 3911 shares of AMERICAN CENTURY HERITAGE INVESTOR CLASS TWHIX | 75213 | 76699 |
| 3350 shares of CREDIT SUISSE INSTI FD INTERNATIONAL FOCUS PTF WPIEX | 40234 | 40370 |
| 1329 shares of FIDELITY CONTRA FUND FCNTX | 80064 | 89678 |
| 848 shares of HEARTLAND VALUE PLUS FUND INVESTOR CLASS SHS HRVIX | 20181 | 23508 |
| 1398 shares of MARSHALL SMALL CAP GROWTH FUND CLASS Y MRSCX | 26120 | 24027 |
| 11144 shares of PRUDENTIAL JENNISON EQUITY INCOME A SPQAX | 140060 | 143975 |
| 1562 shares of T. ROWE PRICE GROWTH STOCK FD PRGFX | 48715 | 49726 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| Administrative Fees | 6275 | 6275 | |
| Bank Charges | 55 | 55 | |
| State or Local Filing Fees | 25 | 25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | Category |
| Amount | $4,556 | Amount |
| Net Investment Income | 4556 | NetInvestmentIncome |
Comments