MCKARNS FAMILY FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
MCKARNS FAMILY FOUNDATION (EIN 34-1664641)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-23
IRS object ID
201241449349100709
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-05-23T12:11:39-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Herrens Tax Service LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line112837 Cenfield St NEAddressLine1
CityAllianceCity
StateOHState
ZIP Code446019414ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN341664641EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MCKARNS FAMILY FOUNDATIONBusinessNameLine1
Business Name Line2TR DTD 12311990BusinessNameLine2
FieldValueIRS element (for citing)
Name ControlMCKANameControl
Phone3302232180Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line129950 CAMPBELL RDAddressLine1
CityHANOVERTONCity
StateOHState
ZIP Code44423ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameWILLIAM T MCKARNSName
TitleCO-TRUSTEETitle
Date Signed2012-05-14DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCarolyn Herren GabricName
Phone3308755701Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY64882FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss41755ContriReceivedRevAndExpnss
Dividends Rev And Expnss654DividendsRevAndExpnss
Dividends Net Invst Incm654DividendsNetInvstIncm
Dividends Adj Net Incm654DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss4071NetGainSaleAssetsRevAndExpnss
Gross Sales Price6977GrossSalesPrice
Capital Gain Net Incm Net Invst Incm4071CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses46480TotalRevenueAndExpenses
Total Net Investment Income4725TotalNetInvestmentIncome
Total Adjusted Net Income654TotalAdjustedNetIncome
Accounting Fees Rev And Expnss330AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm132AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps198AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss10TaxesRevAndExpnss
Taxes Net Invst Incm4TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps6TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss50OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm20OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps30OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss390TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm156TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps234TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss4530ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps4530ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss4920TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm156TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps4764TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses41560ExcessOfRevenueOverExpenses
Net Investment Income4569NetInvestmentIncome
Adjusted Net Income654AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY1798SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY3896SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV3896SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY27272InvestmentsCorpStockBOY
Investments Corp Stock EOY32425InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV60986InvestmentsCorpStockEOYFMV
Total Assets BOY29070TotalAssetsBOY
Total Assets EOY36321TotalAssetsEOY
Total Assets EOYFMV64882TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY5022CapitalStockBOY
Capital Stock EOY5022CapitalStockEOY
Paid In Or Capital Surplus BOY50014PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY50014PaidInOrCapitalSurplusEOY
Retained Earnings BOY-25966RetainedEarningsBOY
Retained Earnings EOY-18715RetainedEarningsEOY
Total Net Assets BOY29070TotalNetAssetsBOY
Total Net Assets EOY36321TotalNetAssetsEOY
Total Liabilities Net Assets BOY29070TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY36321TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY29070TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses41560ExcessOfRevenueOverExpenses
Other Increases7446OtherIncreases
Subtotal78076Subtotal
Other Decreases41755OtherDecreases
Total Net Assets Fund Balances EOY36321TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income4071CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year14659QualifyingDistributionsYear1
Noncharitable Assets Year127327NoncharitableAssetsYear1
Distribution Ratio Year10.17049DistributionRatioYear1
Qualifying Distributions Year24863QualifyingDistributionsYear2
Qualifying Distributions Year310972QualifyingDistributionsYear3
Noncharitable Assets Year337039NoncharitableAssetsYear3
Distribution Ratio Year30.29623DistributionRatioYear3
Qualifying Distributions Year420112QualifyingDistributionsYear4
Noncharitable Assets Year443012NoncharitableAssetsYear4
Distribution Ratio Year40.46759DistributionRatioYear4
Qualifying Distributions Year58542QualifyingDistributionsYear5
Noncharitable Assets Year537148NoncharitableAssetsYear5
Distribution Ratio Year50.22995DistributionRatioYear5
Total Distribution Ratio1.16425TotalDistributionRatio
Average Distribution Ratio0.23285AverageDistributionRatio
Net Noncharitable Assets45212NetNoncharitableAssets
Adjusted Noncharitable Assets10528AdjustedNoncharitableAssets
One Percent Net Investment Income46OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One10574AdjNonchrtblAssetsAndOnePct
Qualifying Distributions4764QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax91InvestmentIncomeExciseTax
Subtotal91Subtotal
Tax Based On Investment Income91TaxBasedOnInvestmentIncome
Tax Due91TaxDue

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
Form990 T FiledfalseForm990TFiled
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 Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM T MCKARNSBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number3302232180BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line129950 CAMPBELL RDAddressLine1
CityHANOVERTONCity
StateOHState
ZIP Code44423ZIPCode
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
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
PAULINE M MCKARNS
29950 CAMPBELL RDHANOVERTONOH44423CO-TRUSTEE0.250
WILLIAM T MCKARNS
29950 CAMPBELL RDHANOVERTONOH44423CO-TRUSTEE0.250
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities43054AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances2847AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets45901TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets45901AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable689CashDeemedCharitable
Net Noncharitable Assets45212NetNoncharitableAssets
Minimum Investment Return2261MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return2261MinimumInvestmentReturn
Tax Based On Investment Income91TaxBasedOnInvestmentIncome
Total Tax91TotalTax
Distributable Amount Before Adj2170DistributableAmountBeforeAdj
Distributable Amount Before Ded2170DistributableAmountBeforeDed
Distributable Amount As Adjusted2170DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions4764ExpensesAndContributions
Qualifying Distributions4764QualifyingDistributions
Adj Qualifying Distributions4764AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted2170DistributableAmountAsAdjusted
Excess Distri Carryover Year56747ExcessDistriCarryoverYear5
Excess Distri Carryover Year417993ExcessDistriCarryoverYear4
Excess Distri Carryover Year39138ExcessDistriCarryoverYear3
Excess Distri Carryover Year24869ExcessDistriCarryoverYear2
Excess Distri Carryover Year13303ExcessDistriCarryoverYear1
Total Excess Distri Carryover42050TotalExcessDistriCarryover
Qualifying Distributions4764QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year2170AppliedToCurrentYear
Remaining Distri From Corpus2594RemainingDistriFromCorpus
Total Corpus44644TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year56747ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year37897ExcessDistriCyovToNextYear
Excess From Year417993ExcessFromYear4
Excess From Year39138ExcessFromYear3
Excess From Year24869ExcessFromYear2
Excess From Year13303ExcessFromYear1
Excess From Current Year2594ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
MINERVA ROTARY CLUB
MINERVAMINERVAOH44657N/APUBLICNON-PROFIT$50
BUCYRUS UNITED METHODIST CHURCH
216 HOPLEY AVEBUCYRUSOH44820N/APUBLICRELIGIOUS$50
BISHOPS APPEAL DIOCESE OF YOUNGSTOW
PO BOX 1195YOUNGSTOWNOH44501N/APUBLICRELIGIOUS$700
ST JOHN'S CHURCH
PO BOX 309HANOVERTONOH44423N/APUBLICRELIGIOUS$3,730
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year4530TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income654RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income4071RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income4725RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA4725TotalPartXVIA

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (3 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsNoncash Contribution TypeNoncashContributionType
3WILLIAM T McKARNS29950 CAMPBELL RDHANOVERTONOH4442314787X
2PAULINE M McKARNS29950 CAMPBELL RDHANOVERTONOH4442318388X
1WILLIAM T McKARNS29950 CAMPBELL RDHANOVERTONOH444235044X

Noncash Property NoncashProperty (3 entries)

Contributor Number From Part IContributorNumberFromPartINoncash Property DescriptionNoncashPropertyDescriptionFair Market ValueFairMarketValueDate ReceivedDateReceived
3300 SHARES OF TERADATA CORP. COMMON STOCK147872011-12-16
2285 SHARES OF PEPSICO INC. COMMON STOCK183882011-12-16
1100 SHARES OF TERADATA CORP. COMMON STOCK50442011-09-08

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryTax Preparation Fee Form 990Category
Amount$330Amount
Net Investment Income132NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps198DisbursementsCharitablePrps

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation (2 entries)

ExplanationExplanation
OHIO FILING INSTRUCTIONS:Enclose a check for $50 payable to: Treasurer, State of Ohio. Sign and mail form, "Verification of Filing with the Internal Revenue Service", by May 15th to: Ohio Attorney General Charitable Law Section 150 E. Gay St., 23rd Floor Columbus, OH 43215-3130
PUBLIC NOTICE:Run notice in your local newspaper: PUBLIC NOTICE The Annual Report of TheMcKarns Family Foundation isavailable at its principleoffice for inspection duringregular business hours by anycitizen who requests it within180 days after the date ofthis notice. The address ofThe McKarns Family Foundationis 29950 Campbell Road, Han-overton, OH 44423, and itsmanager to contact is Mr.William McKarns, telephonenumber (330) 223-2180. Datedthis ________ The McKarns Fam-ily Foundation.Published in______________________________Date _________________________.

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (5 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
300 SH TERADATA CORP270214553
285 SH PEPSICO INC.383118910
346 SH TECO ENERGY STOCK70766628
200 SH DISNEY STOCK32847500
DODGE & COX FUND1553213395

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionFMV of Stock ReceivedDescription
Amount$41,755Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionOhio Filing FeesDescription
Revenue And Expenses Per Books50RevenueAndExpensesPerBooks
Net Investment Income20NetInvestmentIncome
Disbursements Charitable Prps30DisbursementsCharitablePrps

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

FieldValueIRS element (for citing)
DescriptionCost Basis of Stock ReceivedDescription
Amount$7,446Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryU.S. TreasuryCategory
Amount$10Amount
Net Investment Income4NetInvestmentIncome
Disbursements Charitable Prps6DisbursementsCharitablePrps

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