STROUD FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
STROUD FOUNDATION (EIN 01-0793830)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-08
IRS object ID
201243139349100719
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)
Timestamp2012-11-08T17:56:05-08:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CLARENCE WHITE CPABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5389AddressLine1
CityOAKLANDCity
StateCAState
ZIP Code946050389ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN010793830EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1The Stroud FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSTRONameControl
Phone6303680511Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 Spring RoadAddressLine1
CityOak BrookCity
StateILState
ZIP Code60523ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJoseph A StroudName
TitlePresidentTitle
Date Signed2012-10-13DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameClarence White CPAName
Phone5103768346Phone
Self EmployedXSelfEmployed
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 EOY1143203FMVAssetsEOY
Method Of Accounting AccrualXMethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss6InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm6InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm6InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss84997DividendsRevAndExpnss
Dividends Net Invst Incm84997DividendsNetInvstIncm
Dividends Adj Net Incm84997DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss169195NetGainSaleAssetsRevAndExpnss
Gross Sales Price864224GrossSalesPrice
Capital Gain Net Incm Net Invst Incm169195CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses254198TotalRevenueAndExpenses
Total Net Investment Income254198TotalNetInvestmentIncome
Total Adjusted Net Income85003TotalAdjustedNetIncome
Legal Fees Rev And Expnss5500LegalFeesRevAndExpnss
Legal Fees Dsbrs Chrtbl Prps5500LegalFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss4000OtherProfFeesRevAndExpnss
Other Prof Fees Dsbrs Chrtbl Prps4000OtherProfFeesDsbrsChrtblPrps
Interest Rev And Expnss5164InterestRevAndExpnss
Interest Net Invst Incm5164InterestNetInvstIncm
Taxes Rev And Expnss1749TaxesRevAndExpnss
Taxes Net Invst Incm1749TaxesNetInvstIncm
Tot Opr Expenses Rev And Expnss16413TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm6913TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps9500TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss70000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps70000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss86413TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm6913TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps79500TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses167785ExcessOfRevenueOverExpenses
Net Investment Income247285NetInvestmentIncome
Adjusted Net Income85003AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY34161CashBOY
Cash EOY149005CashEOY
Receivables From Officers EOY34161ReceivablesFromOfficersEOY
Investments Corp Stock BOY1596895InvestmentsCorpStockBOY
Investments Corp Stock EOY1143203InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1143203InvestmentsCorpStockEOYFMV
Total Assets BOY1631056TotalAssetsBOY
Total Assets EOY1326369TotalAssetsEOY
Total Assets EOYFMV1143203TotalAssetsEOYFMV
Accounts Payable BOY1254AccountsPayableBOY
Accounts Payable EOY3003AccountsPayableEOY
Mortgages And Notes Payable BOY409692MortgagesAndNotesPayableBOY
Total Liabilities BOY410946TotalLiabilitiesBOY
Total Liabilities EOY3003TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY1069479UnrestrictedBOY
Unrestricted EOY1237263UnrestrictedEOY
Temporarily Restricted BOY150631TemporarilyRestrictedBOY
Temporarily Restricted EOY86103TemporarilyRestrictedEOY
Total Net Assets BOY1220110TotalNetAssetsBOY
Total Net Assets EOY1323366TotalNetAssetsEOY
Total Liabilities Net Assets BOY1631056TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1326369TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1220110TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses167785ExcessOfRevenueOverExpenses
Subtotal1387895Subtotal
Other Decreases64529OtherDecreases
Total Net Assets Fund Balances EOY1323366TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of Asset13105 Phillip Morris IntlDescriptionOfAsset
How AcquiredPHowAcquired
Date Acquired2005-12-21DateAcquired
Date Sold2011-04-06DateSold
Gross Sales Price864224GrossSalesPrice
Cost Or Other Basis695029CostOrOtherBasis
Gain Or Loss169195GainOrLoss
Gains Minus Excess Or Losses169195GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income169195CapitalGainNetIncome

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax4946InvestmentIncomeExciseTax
Subtotal4946Subtotal
Tax Based On Investment Income4946TaxBasedOnInvestmentIncome
Form2220 AttachedXForm2220Attached
Penalty For Underpayment40PenaltyForUnderpayment
Tax Due4986TaxDue

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
States Filed WithILStatesFiledWith
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 Line1OrganizationBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number6303680511BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line11900 Spring Road Suite 330AddressLine1
CityOak BrookCity
StateILState
ZIP Code60523ZIPCode
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 (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Amber Stroud
109 Indian Trail RoadOak BrookIL60523Director0.250
Vonesca Stroud
460 McGraw StreetSeattleWA98109Director0.250
Yvonne M Stroud
109 Indian Trail RoadOak BrookIL60523Secretary/Trea.0.250
Joseph A Stroud
109 Indian Trail RoadOak BrookIL60523President1.000
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 Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets0TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets0AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable0CashDeemedCharitable
Net Noncharitable Assets0NetNoncharitableAssets
Minimum Investment Return0MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Tax Based On Investment Income4946TaxBasedOnInvestmentIncome
Total Tax4946TotalTax
Distributable Amount Before Adj4946DistributableAmountBeforeAdj
Distributable Amount Before Ded4946DistributableAmountBeforeDed
Distributable Amount As Adjusted0DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions79500ExpensesAndContributions
Qualifying Distributions79500QualifyingDistributions
Adj Qualifying Distributions79500AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted0DistributableAmountAsAdjusted
Excess Distri Carryover Year5169900ExcessDistriCarryoverYear5
Excess Distri Carryover Year4550000ExcessDistriCarryoverYear4
Excess Distri Carryover Year3515565ExcessDistriCarryoverYear3
Excess Distri Carryover Year2163500ExcessDistriCarryoverYear2
Excess Distri Carryover Year110000ExcessDistriCarryoverYear1
Total Excess Distri Carryover1408965TotalExcessDistriCarryover
Qualifying Distributions79500QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Remaining Distri From Corpus79500RemainingDistriFromCorpus
Total Corpus1488465TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5169900ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year1318565ExcessDistriCyovToNextYear
Excess From Year4550000ExcessFromYear4
Excess From Year3515565ExcessFromYear3
Excess From Year2163500ExcessFromYear2
Excess From Year110000ExcessFromYear1
Excess From Current Year79500ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameJoseph A Stroud PresidentRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11900 Spring Road Suite 330AddressLine1
CityOak BrookCity
StateILState
ZIP Code60523ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number6303680511RecipientPhoneNumber
Form And Info And MaterialsNo Formal Application Required. A Request in Letter Form Setting Forth Details of Funds Requested Is Accetable.FormAndInfoAndMaterials
Submission Deadlines(none)SubmissionDeadlines
Restrictions On AwardsNoneRestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Chicago Jazz PhilharmonicBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 805330AddressLine1
CityChicagoCity
StateILState
ZIP Code60680ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationship
Recipient Foundation StatusNoneRecipientFoundationStatus
Purpose Of Grant Or ContributionGeneral SupportPurposeOfGrantOrContribution
Amount$70,000Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year70000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Related Or Exempt Function Income6RelatedOrExemptFunctionIncome

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code1ExclusionCode
Related Or Exempt Function Income84997RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income169195RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income254198RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA254198TotalPartXVIA

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockCorporate Common StocksNameOfStock
EOY Book Value1143203EOYBookValue
EOYFMV1143203EOYFMV

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

FieldValueIRS element (for citing)
CategoryLegal FeesCategory
Amount$5,500Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps5500DisbursementsCharitablePrps

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Note Payable NotePayable

Lenders Name LendersName

FieldValueIRS element (for citing)
IndividualCharles Schwab Co IncIndividual
FieldValueIRS element (for citing)
Relationship To InsiderNoneRelationshipToInsider
Original Amount Of Loan100000OriginalAmountOfLoan
Repayment TermsNoneRepaymentTerms
Interest Rate4.5000InterestRate
Security Provided By BorrowerInvestmentsSecurityProvidedByBorrower
Purpose Of LoanTo Purchase SecuritiesPurposeOfLoan
Desc Of Lender ConsiderationMargin LoanDescOfLenderConsideration
Consideration Fmv1292208ConsiderationFmv

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionUnrealized Losses on InvestmentsDescription
Amount$64,529Amount

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

FieldValueIRS element (for citing)
CategoryConsulting ServicesCategory
Amount$4,000Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps4000DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFederal IncomeCategory
Amount$1,749Amount
Net Investment Income1749NetInvestmentIncome

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