RICHARD BURY FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- RICHARD BURY FOUNDATION INC (EIN 45-0544142)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-07-14
- IRS object ID
- 201131959349100703
- Schema version
- 2010v3.2
- 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
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-14T12:39:01-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT E GANN CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | INTREPID FINANCIAL GROUP INC | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55416 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 450544142 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD BURY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RICH | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4175 TRILLIUM LANE EAST | AddressLine1 |
| City | MOUND | City |
| State | MN | State |
| ZIP Code | 55364 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD BURY | Name |
| Title | PRESIDENT | Title |
| Date Signed | 2011-07-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT E GANN JR | Name |
| Phone | 9525252283 | Phone |
| Date Prepared | 2011-07-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 276703 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 350 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 5 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 5 | InterestOnSavingsNetInvstIncm |
| Other Income Rev And Expnss | 5864 | OtherIncomeRevAndExpnss |
| Other Income Adj Net Incm | 5864 | OtherIncomeAdjNetIncm |
| Total Revenue And Expenses | 6219 | TotalRevenueAndExpenses |
| Total Net Investment Income | 5 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 5864 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 350 | AccountingFeesRevAndExpnss |
| Taxes Rev And Expnss | 4657 | TaxesRevAndExpnss |
| Taxes Adj Net Incm | 25 | TaxesAdjNetIncm |
| Taxes Dsbrs Chrtbl Prps | 4632 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 5769 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 1218 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 10 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 1208 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 11994 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 10 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 25 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 5840 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 11994 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 10 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 25 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 5840 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -5775 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 5839 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 1706 | CashBOY |
| Cash EOY | 1700 | CashEOY |
| Cash EOYFMV | 1703 | CashEOYFMV |
| Land Building And Equipment Basis | 275000 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 23317 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 257452 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 251683 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 275000 | LandBuildingAndEquipmentEOYFMV |
| Total Assets BOY | 259158 | TotalAssetsBOY |
| Total Assets EOY | 253383 | TotalAssetsEOY |
| Total Assets EOYFMV | 276703 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 259158 | RetainedEarningsBOY |
| Retained Earnings EOY | 253383 | RetainedEarningsEOY |
| Total Net Assets BOY | 259158 | TotalNetAssetsBOY |
| Total Net Assets EOY | 253383 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 259158 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 253383 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 259158 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -5775 | ExcessOfRevenueOverExpenses |
| Subtotal | 253383 | Subtotal |
| Total Net Assets Fund Balances EOY | 253383 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 12371 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 1556 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 7.950514 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 5475 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 2266 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 2.416152 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 20104 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 4041 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 4.975006 | DistributionRatioYear3 |
| Total Distribution Ratio | 15.341672 | TotalDistributionRatio |
| Average Distribution Ratio | 5.113891 | AverageDistributionRatio |
| Net Noncharitable Assets | 1466 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 7497 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 7497 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 5840 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
| States Filed With | MN | StatesFiledWith |
| 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 | THE FOUNDATION | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 6126192074 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4175 TRILLIUM LANE E | AddressLine1 |
| City | MOUND | City |
| State | MN | State |
| ZIP Code | 55364 | 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 |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| RICHARD BURY | ||||||||
| 4715 TRILLIUM LANE | MOUND | MN | 55364 | BOARD MEMBER | 1.00 | 0 | 0 | 0 |
| BLAIR BURY | ||||||||
| 7271 KURVERS POINT RD | CHANHASSEN | MN | 55317 | BOARD MEMBER | 1.00 | 0 | 0 | 0 |
| BEVERLY SYLVESTRE | ||||||||
| 13386 KERRY LANE | EDEN PRAIRIE | MN | 55346 | BOARD MEMBER | 1.00 | 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 | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 1488 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 1488 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 1488 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 22 | CashDeemedCharitable |
| Net Noncharitable Assets | 1466 | NetNoncharitableAssets |
| Minimum Investment Return | 73 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 73 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 73 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 73 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 73 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 5840 | ExpensesAndContributions |
| Qualifying Distributions | 5840 | QualifyingDistributions |
| Adj Qualifying Distributions | 5840 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 73 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year3 | 19586 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 5363 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 12293 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 37242 | TotalExcessDistriCarryover |
| Qualifying Distributions | 5840 | QualifyingDistributions |
| Applied To Current Year | 73 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 5767 | RemainingDistriFromCorpus |
| Total Corpus | 43009 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 43009 | ExcessDistriCyovToNextYear |
| Excess From Year3 | 19586 | ExcessFromYear3 |
| Excess From Year2 | 5363 | ExcessFromYear2 |
| Excess From Year1 | 12293 | ExcessFromYear1 |
| Excess From Current Year | 5767 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | THE FOUNDATION | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4175 TRILLIUM LANE EAST | AddressLine1 |
| City | MOUND | City |
| State | MN | State |
| ZIP Code | 55364 | ZIPCode |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Program Service Revenue Part VII ProgramServiceRevenuePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SUBSIDIZED RENT | Description |
| Exclusion Code | 16 | ExclusionCode |
| Exclusion | $5,864 | ExclusionAmount |
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $5 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $5,869 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 5869 | 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 | 1A | LineNumber |
| Relationship Statement | THE FOUNDATION OWNS AND LEASES A BUILDING IN CROSS LAKE | 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 | $350 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation (3 entries)
| RICHARD BURY |
| BLAIR BURY |
| BEVERLY SYLVESTRE |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation (2 entries)
| Description Of PropertyDescriptionOfProperty | Date AcquiredDateAcquired | Cost Or Other BasisCostOrOtherBasis | Prior Years DepreciationPriorYearsDepreciation | Computation MethodComputationMethod | LifeLife | Current Year ExpenseCurrentYearExpense |
|---|---|---|---|---|---|---|
| CROSS LAKE LAND | 2006-12-27 | 50000 | ||||
| CROSS LAKE BUILDING | 2006-12-27 | 225000 | 17548 | S/L | 39.0000 | 5769 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc (2 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|---|
| CROSS LAKE BUILDING | 225000 | 23317 | 201683 | 225000 |
| LAND | 50000 | 50000 | 50000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| EXPENSES | |||
| BANK FEES | 10 | 10 | |
| PROPERTY INSURANCE | 1208 | 1208 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SUBSIDIZED RENT | Description |
| Revenue And Expenses Per Books | 5864 | RevenueAndExpensesPerBooks |
| Adjusted Net Income | 5864 | AdjustedNetIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Disbursements Charitable PrpsDisbursementsCharitablePrps | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| 2010 REAL ESTATE TAXES | $4,632 | 4632 | |
| 2009 STATE FILING FEE | $25 | 25 |
Comments