TILLEY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
TILLEY FOUNDATION (EIN 84-1900459)
Tax period
2023-02-01 to 2024-01-31
Filed
2025-03-11
IRS object ID
202520709349100617
Schema version
2023v6.0
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)
Return2025-03-11T15:22:00-04:00ReturnTs
Tax Period End2024-01-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN841347757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAVID LIPPA CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1305 BALD EAGLE RDAddressLine1Txt
CitySILVERTHORNECityNm
State AbbreviationCOStateAbbreviationCd
ZIP80498ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-02-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN841900459EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TILLEY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTILLBusinessNameControlTxt
Phone5802529016PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15701N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJIMMY TLLLEYPersonNm
Person TitleJESSE TILLEYPersonTitleTxt
Phone5802529016PhoneNum
Signature2025-03-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID LIPPA CPAPreparerPersonNm
PTINP00293693PTIN
Phone3036682351PhoneNum
Preparation2025-03-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,055,199FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,006,451ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$21,296InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21,296InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$42,591DividendsRevAndExpnssAmt
Dividends Net Invst Incm$42,591DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$45,654NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$49,531GrossSalesPriceAmt
Other Income Rev And Expnss$3,521OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,521OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$3,521OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,119,513TotalRevAndExpnssAmt
Total Net Invst Incm$67,408TotalNetInvstIncmAmt
Total Adj Net Incm$3,521TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$20,933LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$20,933LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$20,933LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$13,960OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$13,960OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$13,960OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$54TaxesRevAndExpnssAmt
Taxes Net Invst Incm$54TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$54TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$35OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$35OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$35OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$34,982TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$34,982TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$34,982TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$84,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$84,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$119,582TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$34,982TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$119,582TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$999,931ExcessRevenueOverExpensesAmt
Net Investment Income$32,426NetInvestmentIncomeAmt
Adjusted Net Income$3,521AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$107,897CashBOYAmt
Cash EOY$3,907CashEOYAmt
Cash EOYFMV$3,907CashEOYFMVAmt
Corporate Stock BOY$1,998,796CorporateStockBOYAmt
Corporate Stock EOY$2,522,441CorporateStockEOYAmt
Corporate Stock EOYFMV$2,597,771CorporateStockEOYFMVAmt
Other Assets BOY$83,363OtherAssetsBOYAmt
Other Assets EOY$663,639OtherAssetsEOYAmt
Other Assets EOYFMV$453,521OtherAssetsEOYFMVAmt
Total Assets BOY$2,190,056TotalAssetsBOYAmt
Total Assets EOY$3,189,987TotalAssetsEOYAmt
Total Assets EOYFMV$3,055,199TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,190,056RetainedEarningBOYAmt
Retained Earning EOY$3,189,987RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,190,056TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,189,987TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,190,056TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,189,987TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,190,056TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$999,931ExcessRevenueOverExpensesAmt
Subtotal$3,189,987SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,189,987TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$451InvestmentIncomeExciseTaxAmt
Subtotal$451SubtotalAmt
Tax Based On Investment Income$451TaxBasedOnInvestmentIncomeAmt
Tax Due$451TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOKOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJIMMY TLLLEYIndividualWithBooksNm
Phone5802529016PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15701 N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJIMMY TLLLEYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15701 N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd
FieldValueIRS element (for citing)
TitleJESSE TILLEYTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,260,619AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,318AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,265,937TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,265,937AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,318CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,260,619NetVlNoncharitableAssetsAmt
Minimum Investment Return$113,031MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$113,031MinimumInvestmentReturnAmt
Tax Based On Investment Income$451TaxBasedOnInvestmentIncomeAmt
Total Tax$451TotalTaxAmt
Distributable Before Adj$112,580DistributableBeforeAdjAmt
Distributable Before Ded$112,580DistributableBeforeDedAmt
Distributable As Adjusted$112,580DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$119,582ExpensesAndContributionsAmt
Qualifying Distributions$119,582QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$112,580DistributableAsAdjustedAmt
Undistributed Income PY$15,264UndistributedIncomePYAmt
Qualifying Distributions$119,582QualifyingDistributionsAmt
Applied To Year1$15,264AppliedToYear1Amt
Applied To Current Year$104,318AppliedToCurrentYearAmt
Undistributed Income CY$8,262UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MARLOW SAMARITANS
214 W MAIN STMARLOWOK73055NONEPUBLICGENERAL PURPOSE$3,500
DUNCAN RESCUE MISSION
102 N 5TH STREETDUNCANOK73533NONEPUBLICGENERAL PURPOSES$7,500
DUNCAN PUBLIC SCHOOLS
1740 W SPRUCE AVEDUNCANOK73533NONEPUBLICGENERAL PURPOSES$5,000
EAST TEXAS ANGEL NETWORK
PO BOX 9544LONGVIEWTX75604NONEPUBLICGENERAL$1,000
GKC AMNUCS
PO BOX 5127HIGH POINTNC27262NONEPUBLICGENERAL$20,000
TOBY FOUNDATION
818 NE 8TH STREETOKLAHOMA CITYOK73104NONEPUBLICGENERAL$10,000
SAVANNAH STATION
PO BOX 852084YUKONOK73085NONEPUBLICGENERAL$25,100
LINDSAY PUBLIC SCHOOLS
800 WEST CREEK STLINDSAYOK73052NONEPUBLICGENERAL$2,500
CASA
PO BOX 54946OKLAHOMA CITYOK73154NONEPUBLICGENERAL$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$84,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,296RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$42,591RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$45,654RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescPARTNERSHIP DISTRIBUTIONSDesc
Exclusion1ExclusionCd
Exclusion$3,521ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,521ExclusionAmt
Related Or Exempt Function Incm$109,541RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$113,062TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJESSEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15701 N HIGHWAY 81AddressLine1Txt
CityDUNCANCityNm
State AbbreviationOKStateAbbreviationCd
ZIP73533ZIPCd
FieldValueIRS element (for citing)
Total Contributions$500,490TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtTotal NetTotalNetAmtBasisBasisAmt
SEE ATTACHED2023-12PURCHASE2024-01$49,531$49,531
SEE ATTACHED2023-02PURCHASE2023-08-$3,877$3,877

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
EDWARD JONES$747,686$846,407
LPL$1,321,234$1,297,843
BROADSTREET GOBAL FUNDS$453,521$453,521

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryAEGIS LAWCategoryTxt
Legal Fees$20,933LegalFeesAmt
Net Investment Income$20,933NetInvestmentIncomeAmt
Disbursements Charitable Prps$20,933DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmtBOY Book ValueBOYBookValueAmt
BROADSTREET GLOBAL FUND$453,521$453,521
OTHER$210,118$83,363

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK FEES$35$35$35

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescPARTNERSHIP DISTRIBUTIONSDesc
Revenue And Expenses Per Books$3,521RevenueAndExpensesPerBooksAmt
Net Investment Income$3,521NetInvestmentIncomeAmt
Adjusted Net Income$3,521AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$13,960Amt
Net Investment Income$13,960NetInvestmentIncomeAmt
Disbursements Charitable Prps$13,960DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGIN TAXESCategoryTxt
Amt$54Amt
Net Investment Income$54NetInvestmentIncomeAmt
Disbursements Charitable Prps$54DisbursementsCharitablePrpsAmt

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