TOM RUSSELL CHARITABLE FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- TOM RUSSELL CHARITABLE FOUNDATION INC (EIN 36-6082517)
- Tax period
- 2022-09-01 to 2023-08-31
- Filed
- 2024-06-06
- IRS object ID
- 202421589349101502
- Schema version
- 2022v5.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-06T10:48:27-05:00 | ReturnTs |
| Tax Period End | 2023-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 366082517 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tom Russell Charitable Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | TOMR | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Crawford Crenshaw | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-12-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Crawford | PersonFirstNm |
| Person Last | Crenshaw | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $28,411,946 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $23,520 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $23,520 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $349,656 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $349,656 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$109,730 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,052,865 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,925 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,925 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $266,371 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $376,101 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $97,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $97,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,398 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,398 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $14,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $14,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $129,915 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $117,432 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $12,483 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $10,741 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,100 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $19,359 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $19,359 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $62,903 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $27 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $62,876 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $340,816 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $119,559 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $212,616 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $660,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $660,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,000,816 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $119,559 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $872,616 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$734,445 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $256,542 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $476,457 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $591,347 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $591,347 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $18,282,402 | CorporateStockBOYAmt |
| Corporate Stock EOY | $16,892,067 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,628,599 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $1,651,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,192,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,192,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $20,409,859 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,675,414 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $28,411,946 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $20,409,859 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,675,414 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,409,859 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,675,414 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,409,859 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,675,414 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,409,859 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$734,445 | ExcessRevenueOverExpensesAmt |
| Subtotal | $19,675,414 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $19,675,414 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $5,052,865 | GrossSalesPriceAmt |
| Cost Or Other Basis | $5,162,595 | CostOrOtherBasisAmt |
| Gain Or Loss | -$109,730 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$109,730 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$109,730 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,566 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,566 | SubtotalAmt |
| Tax Based On Investment Income | $3,566 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,200 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $4,200 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1 | EsPenaltyAmt |
| Overpayment | $633 | OverpaymentAmt |
| Applied To ES Tax | $633 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| J KIRBY AIKEN | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP, Pres | 5.0 | $26,667 | $0 | $0 |
| John L Bishop | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Treas, VP | 5.0 | $25,000 | $0 | $0 |
| Crawford Crenshaw | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 5.0 | $20,000 | $0 | $0 |
| David S Lindquist | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec | 5.0 | $25,833 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| First American Bank | |||||
| 700 BUSSE RD | ELK GROVE VILLAGE | IL | 60007 | Investment Mgt | $82,669 |
| FOUNDATION SOURCE | |||||
| 55 WALLS DRIVE 3RD FL | FAIRFIELD | CT | 06824 | ADMINISTRATIVE | $60,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE RESURRECTION PROJECT- TO PROVIDE CAPITAL TO LOW INCOME BLACK AND LATINO HOMEOWNERS TO INCREASE ACCESS TO AFFORDABLE HOUSING | Description1Txt |
| Expenses1 | $325,000 | Expenses1Amt |
| Description2 | SELF-HELP FEDERAL CREDIT UNION- TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR, WOMEN RURAL RESIDENTS AND LOW WEALTH FAMILIES IN THE CHICAGO AREA | Description2Txt |
| Expenses2 | $311,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $550,000 | AllOtherProgramRltdInvstTotAmt |
| Total | $1,186,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $24,945,242 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $921,987 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $25,867,229 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $25,867,229 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $388,008 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $25,479,221 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,273,961 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,273,961 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,566 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,566 | TotalTaxAmt |
| Distributable Before Adj | $1,270,395 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $645,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,915,395 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,915,395 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $872,616 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $1,186,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,058,616 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,915,395 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,053,375 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Qualifying Distributions | $2,058,616 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,053,375 | AppliedToYear1Amt |
| Applied To Current Year | $5,241 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,910,154 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (51 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ACTIVATE GOOD INC | |||||||
| 1053 E WHITAKER MILL RD STE | RALEIGH | NC | 27604 | N/A | PC | General & Unrestricted | $2,000 |
| APEX UNITED METHODIST CHURCH | |||||||
| 100 S HUGHES ST | APEX | NC | 27502 | N/A | PC | Simple Gifts Garden fund | $5,000 |
| AUSTIN ACHIEVE PUBLIC SCHOOLS INC | |||||||
| 5908 MANOR RD | AUSTIN | TX | 78723 | N/A | PC | General & Unrestricted | $2,500 |
| BRIDGES OF NORMAN INC | |||||||
| 1670 STUBBEMAN AVE | NORMAN | OK | 73069 | N/A | PC | General & Unrestricted | $5,000 |
| CALVARY CHURCH | |||||||
| 9S200 RTE 59 | NAPERVILLE | IL | 60564 | N/A | PC | Calvary Christian School | $5,000 |
| CENTER FOR CHILDREN AND FAMILIES INC | |||||||
| 210 S COCKREL AVE | NORMAN | OK | 73071 | N/A | PC | General & Unrestricted | $10,000 |
| CENTRAL OKLAHOMA AMERICAN INDIAN HEALTH COUNCIL IN | |||||||
| 4913 W RENO AVE | OKLAHOMA CITY | OK | 73127 | N/A | PC | General & Unrestricted | $5,000 |
| CHESS-IN-THE-SCHOOLS INC | |||||||
| 520 8TH AVENUE 22ND FLOOR | NEW YORK | NY | 10018 | N/A | PC | General & Unrestricted | $23,500 |
| CLEVELAND COUNTY FAMILY YOUNG MENS CHRISTIAN ASSOC | |||||||
| 1350 LEXINGTON AVE | NORMAN | OK | 73069 | N/A | PC | General & Unrestricted | $10,000 |
| COLORADO UPLIFT | |||||||
| 400 W 48TH AVE STE 250 | DENVER | CO | 80216 | N/A | PC | General & Unrestricted | $5,000 |
| COLORADO WOMENS EDUCATION FOUNDATION | |||||||
| PO BOX 1189 | BOULDER | CO | 80306 | N/A | PC | General & Unrestricted | $23,500 |
| CRAZY HORSE MEMORIAL FOUNDATION | |||||||
| 12151 AVE OF THE CHIEFS | CRAZY HORSE | SD | 57730 | N/A | PC | General & Unrestricted | $15,000 |
| DONKA INCORPORATED | |||||||
| 400 N COUNTY FARM RD | WHEATON | IL | 60187 | N/A | PC | General & Unrestricted | $50,000 |
| DOROTHEA DIX PARK CONSERVANCY | |||||||
| PO BOX 28575 | RALEIGH | NC | 27611 | N/A | PC | General & Unrestricted | $6,500 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | The Center for Racial Healing and Transformation | $15,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Support for Duke University Libraries | $2,000 |
| DUKE UNIVERSITY | |||||||
| PO BOX 90581 | DURHAM | NC | 27708 | N/A | PC | Center for Racial Healing and Transformation | $5,000 |
| DURHAM CHILDRENS INITIATIVE | |||||||
| 2101 ANGIER AVE STE 200 | DURHAM | NC | 27703 | N/A | PC | General & Unrestricted | $10,000 |
| ERIE FAMILY HEALTH CENTER INC | |||||||
| 1701 W SUPERIOR ST | CHICAGO | IL | 60622 | N/A | PC | General & Unrestricted | $23,000 |
| ERIE FAMILY HEALTH FOUNDATION INC | |||||||
| 1701 W SUPERIOR ST | CHICAGO | IL | 60622 | N/A | SO I | General & Unrestricted | $15,000 |
| GADS HILL CENTER | |||||||
| 1919 W CULLERTON ST | CHICAGO | IL | 60608 | N/A | PC | General & Unrestricted | $5,000 |
| GROWING TOGETHER PRESCHOOL | |||||||
| 3301 BOULDER CT | RALEIGH | NC | 27607 | N/A | PC | General & Unrestricted | $7,500 |
| HOPE CENTER AT PULLEN INC | |||||||
| 112 COX AVE STE 100-A | RALEIGH | NC | 27605 | N/A | PC | General & Unrestricted | $10,000 |
| INTER-FAITH FOOD SHUTTLE | |||||||
| 1001 BLAIR DR | RALEIGH | NC | 27603 | N/A | PC | Support for Backpack Buddies and Food Pantry at Rise Charter School | $10,000 |
| JUVENILE PROTECTIVE ASSOCIATION | |||||||
| 1707 N HALSTED ST | CHICAGO | IL | 60614 | N/A | PC | General & Unrestricted | $5,000 |
| KIPP OKC PUBLIC SCHOOLS | |||||||
| PO BOX 14128 | OKLAHOMA CITY | OK | 73113 | N/A | PC | General & Unrestricted | $7,500 |
| LATINO EDUCATIONAL ACHIEVEMENT PARTNERSHIP | |||||||
| 1737 HILLANDALE RD | DURHAM | NC | 27705 | N/A | PC | General & Unrestricted | $20,000 |
| LEADERSHIP OKLAHOMA INC | |||||||
| 3037 NW 63RD ST STE W104 | OKLAHOMA CITY | OK | 73116 | N/A | PC | General & Unrestricted | $7,500 |
| LEELANAU CONSERVANCY | |||||||
| PO BOX 1007 | LELAND | MI | 49654 | N/A | PC | General & Unrestricted | $2,000 |
| NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC | |||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | N/A | PC | North Carolina State University Libraries | $2,000 |
| PARTNERSHIP WITH NATIVE AMERICANS | |||||||
| 16415 ADDISON RD STE 200 | ADDISON | TX | 75001 | N/A | PC | Tribal College & University Elementary Education Cohort Support - American Indian Education Fund (AIEF) | $100,000 |
| PARTNERSHIP WITH NATIVE AMERICANS | |||||||
| 16415 ADDISON RD STE 200 | ADDISON | TX | 75001 | N/A | PC | General & Unrestricted | $22,000 |
| PINNACLE COMMUNITY DEVELOPMENTCORPORATION | |||||||
| 2628 MELROSE AVE | DURHAM | NC | 27704 | N/A | PC | Together for Resilient Youth | $2,500 |
| PLM FAMILIES TOGETHER INC | |||||||
| 908 PLAINVIEW DR | RALEIGH | NC | 27610 | N/A | PC | General & Unrestricted | $5,000 |
| PLM FAMILIES TOGETHER INC | |||||||
| 908 PLAINVIEW DR | RALEIGH | NC | 27610 | N/A | PC | Housing program | $5,000 |
| PORCH-HILLSBOROUGH | |||||||
| PO BOX 963 | HILLSBOROUGH | NC | 27278 | N/A | PC | General & Unrestricted | $5,000 |
| POSITIVE TOMORROWS INC | |||||||
| 901 N VILLA AVE | OKLAHOMA CITY | OK | 73107 | N/A | PC | General & Unrestricted | $10,000 |
| RALEIGH CHARTER HIGH SCHOOL | |||||||
| 1307 GLENWOOD AVE | RALEIGH | NC | 27605 | N/A | PC | General & Unrestricted | $1,000 |
| RESURRECTION PROJECT | |||||||
| 1805 S PAULINA ST | CHICAGO | IL | 60608 | N/A | PC | General & Unrestricted | $15,000 |
| ROOM TO READ | |||||||
| 465 CALIFORNIA ST STE 1000 | SAN FRANCISCO | CA | 94104 | N/A | PC | General & Unrestricted | $5,000 |
| SE RALEIGH PROMISE INC | |||||||
| 900 S WILMINGTON ST STE 105 | RALEIGH | NC | 27601 | N/A | PC | General & Unrestricted | $38,000 |
| SOUTHEAST RALEIGH CHARTER FOUNDATION INC | |||||||
| 3420 IDLEWOOD VILLAGE DR | RALEIGH | NC | 27610 | N/A | SO II | General & Unrestricted | $30,000 |
| STUDENT U | |||||||
| 600 E UMSTEAD ST | DURHAM | NC | 27701 | N/A | PC | General & Unrestricted | $1,000 |
| THE LOTUS CAMPAIGN INC | |||||||
| 200 S COLLEGE ST STE 200 | CHARLOTTE | NC | 28202 | N/A | PC | Landlord Participation Program - Raleigh Expansion | $50,000 |
| THE LOTUS CAMPAIGN INC | |||||||
| 200 S COLLEGE ST STE 200 | CHARLOTTE | NC | 28202 | N/A | PC | General & Unrestricted | $1,000 |
| THE YOUNG MENS CHRISTIAN ASSOCIATION OF THE TRIANG | |||||||
| 801 CORPORATE CENTER DR STE 200 | RALEIGH | NC | 27607 | N/A | PC | General & Unrestricted | $5,000 |
| THRIVE SCHOLARS | |||||||
| 75 FEDERAL ST STE 1250 | BOSTON | MA | 02110 | N/A | PC | General & Unrestricted | $25,000 |
| THRIVE SCHOLARS | |||||||
| 75 FEDERAL ST STE 1250 | BOSTON | MA | 02110 | N/A | PC | Starting work in Raleigh, NC | $5,000 |
| URBAN MINISTRIES OF DURHAM INC | |||||||
| 410 LIBERTY ST | DURHAM | NC | 27701 | N/A | PC | New housing project at St. Phillips Church block. | $5,000 |
| URBAN MINISTRIES OF DURHAM INC | |||||||
| 410 LIBERTY ST | DURHAM | NC | 27701 | N/A | PC | General & Unrestricted | $5,000 |
| YOUNG MENS CHRISTIAN ASSOCIATION | |||||||
| 500 N BROADWAY AVE STE 500 | OKLAHOMA CITY | OK | 73102 | N/A | PC | General & Unrestricted | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $660,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $23,520 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $349,656 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$109,730 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Inc/Loss | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,925 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $266,371 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $266,371 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Audit Fees | $11,500 | $11,500 |
| General Consultations | $2,500 | $2,500 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| SE RALEIGH CHARTER FOUNDATION, INC.- TO IMPROVE LEARNING ENVIRONMENT FOR SCHOLARS AND STAFF TO TEACH AND TO DRIVE DOWN OPERATING COSTS | $300,000 |
| SE RALEIGH PROMISE, INC.- TO DEVELOP AFFORDABLE RENTAL HOMES TO SERVE LOW INCOME HOUSEHOLDS IN SOUTHEAST RALEIGH | $50,000 |
| CLEVELAND COUNTY FAMILY YMCA- TO PROVIDE FUNDING FOR IMPROVMENT OF FACILITIES AND SERVICES TO THE COMMUNITY | $200,000 |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|
| SELF HELP CREDIT UNION | |||||||||
| 301 W MAIN ST | DURHAM | NC | 27701 | 2021-08-20 | $240,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | 1/12/2023 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
| SELF HELP FEDERAL CREDIT UNION | |||||||||
| 301 WEST MAIN STREET | DURHAM | NC | 27701 | 2021-08-20 | $220,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | 12/29/2022, 1/12/2023 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
| SELF HELP CREDIT UNION | |||||||||
| 301 W MAIN ST | DURHAM | NC | 27701 | 2022-08-23 | $356,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | 3/31/2023 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
| SELF HELP FEDERAL CREDIT UNION | |||||||||
| 301 WEST MAIN STREET | DURHAM | NC | 27701 | 2022-08-23 | $300,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | 3/31/2023 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
| SELF HELP FEDERAL CREDIT UNION | |||||||||
| 301 W MAIN ST | DURHAM | NC | 27701 | 2023-08-18 | $311,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | expected in 2024 | NONE NECESSARY |
| SELF HELP CREDIT UNION | |||||||||
| 301 W MAIN ST | DURHAM | NC | 27701 | 2020-08-25 | $281,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | 08/06/2021, 1/12/2023 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE. |
| SELF HELP FEDERAL CREDIT UNION | |||||||||
| 301 W MAIN ST | DURHAM | NC | 27701 | 2020-08-25 | $250,000 | PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | 08/06/2021, 1/12/2023 | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (7 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP CREDIT UNION DATE AND AMOUNT OF PRI: 8/20/2021 $240,000 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION HAS SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 09/15/2022, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE AND AMOUNT OF PRI: 8/20/2021 $220,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION HAS SUBMITTED FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 09/16/2022, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP CREDIT UNION DATE AND AMOUNT OF PRI: 08/23/2022 $356,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN NORTH CAROLINA. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATE AND AMOUNT OF PRI: 08/23/2022 $300,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW-INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP CREDIT UNION DATE AND AMOUNT OF PRI: 8/25/2020 $281,000 PURPOSE OF PRI: TO PROVIDE FINANCING TO HIGH-PERFORMING PUBLIC CHARTER SCHOOLS FOR THE PURPOSES OF PURCHASING, DEVELOPING, OR RENOVATING EDUCATIONAL FACILITIES, WITH AN EMPHASIS ON FINANCING SCHOOLS SERVING PREDOMINANTLY DISADVANTAGED AND LOW-INCOME STUDENTS AND COMMUNITIES. REPORTS OF AMOUNTS EXPENDED: SELF HELP CREDIT UNION SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS ON 10/06/2021, THE DATE SELF HELP CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATES AND AMOUNTS OF PRI: 8/25/2020 $250,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION SUBMITTED FULL AND COMPLETE FINANCIAL REPORTS OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT WAS REMOVED FROM THE FOUNDATION'S BOOKS OF 10/1/2021, THE DATE SELF HELP FEDERAL CREDIT UNION PAID BACK THIS LOAN. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SELF HELP FEDERAL CREDIT UNION DATES AND AMOUNTS OF PRI: 8/18/2023 $311,000 PURPOSE OF PRI: TO PROVIDE HOME AND COMMERCIAL LOANS TO LOW INCOME BORROWERS OF COLOR, WOMEN, RURAL RESIDENTS AND LOW WEALTH FAMILIES IN THE CHICAGO AREA. REPORTS OF AMOUNTS EXPENDED: SELF HELP FEDERAL CREDIT UNION IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 08/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (83 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $157,642 | $163,566 |
| ACCENTURE PLC | $50,310 | $287,832 |
| AIR PRODS & CHEM INC | $122,261 | $200,342 |
| ALPHABET INC CL A | $166,684 | $757,105 |
| AMAZON COM | $304,102 | $652,787 |
| AMERICAN ELECTRIC POWER INC | $132,643 | $136,024 |
| ANALOG DEVICES INC | $152,568 | $211,228 |
| APPLE INC | $102,550 | $1,142,250 |
| APPLIED MATERIALS INC | $110,321 | $144,358 |
| ASTRAZENECA | $95,239 | $107,630 |
| BANK OF AMERICA CORP | $56,066 | $82,226 |
| BERKSHIRE HATHAWAY INC. CLASS | $109,910 | $248,178 |
| BOEING CO | $212,583 | $205,660 |
| BOSTON SCIENTIFIC | $144,994 | $209,125 |
| BROADCOM INC | $72,059 | $430,990 |
| CHARLES SCHWAB CORP | $93,114 | $80,326 |
| CHEVRON CORP | $103,661 | $180,915 |
| CINTAS CRP | $50,676 | $247,043 |
| CLEARBRIDGE INTERNATIONAL GROW | $854,422 | $991,425 |
| CMS ENERGY CP | $101,672 | $94,961 |
| COMCAST CORP | $60,099 | $93,099 |
| CONOCOPHILLIPS | $45,185 | $58,563 |
| CONSTELLATION BRANDS INC | $127,029 | $184,476 |
| CROWN CASTLE INTL | $60,058 | $68,039 |
| DANAHER CORP | $34,217 | $177,020 |
| EASTMAN CHEMICAL CO | $58,709 | $47,351 |
| EATON CORP PLC | $78,865 | $132,232 |
| EDWARDS LIFESCIENCES | $81,250 | $74,482 |
| ELI LILLY & CO | $164,659 | $530,924 |
| EXXON MOBIL CORP | $179,205 | $266,967 |
| GLOBAL PAYMENTS INC | $61,370 | $66,512 |
| GOLDMAN SACHS EMERGING MARKETS | $150,000 | $147,015 |
| GOLDMAN SACHS GROUP | $41,555 | $111,749 |
| HARBOR SMALL CAP GROWTH FUND | $730,000 | $775,697 |
| HOME DEPOT INC | $122,775 | $316,097 |
| HONEYWELL INTL | $74,868 | $138,512 |
| ILLUMINA INC COM | $59,824 | $35,027 |
| INTERCONTINENTAL EXCHANGE, INC | $79,589 | $148,431 |
| IVY MID CAP GROWTH FUND CLASS | $1,365,367 | $950,859 |
| JP MORGAN CHASE | $148,753 | $242,469 |
| KNIGHT SWIFT TRANSPORTATION HO | $74,387 | $89,247 |
| MARRIOTT INTERNATIONAL INC. CL | $74,011 | $209,615 |
| MARSH AND MCLENNAN COMPANIES I | $89,524 | $224,433 |
| META PLATFORMS INC | $158,428 | $287,013 |
| MFS NEW DISCOVERY VALUE FUND C | $982,631 | $1,274,098 |
| MICROSOFT CORP | $226,122 | $1,076,364 |
| MONDELEZ INTERNATIONAL INC | $98,829 | $142,021 |
| NIKE INC-CL B | $79,762 | $136,291 |
| NORTHROP GRUMMAN CORP | $89,149 | $164,574 |
| NVIDIA CORP | $217,625 | $491,082 |
| PALO ALTO NETWORKS INC | $112,152 | $183,448 |
| PAYPAL HOLDINGS, INC | $89,499 | $30,442 |
| PEPSICO INC | $96,907 | $218,130 |
| PHILLIPS 66 | $49,362 | $85,962 |
| PIONEER NAT RES CO | $41,630 | $41,638 |
| PNC FINANCIAL GROUP INC | $14,079 | $40,807 |
| PPG INDUSTRIES INC | $54,167 | $59,823 |
| PROCTER GAMBLE CO | $129,907 | $212,063 |
| PROLOGIS | $117,738 | $116,500 |
| REPUBLIC SVCS INC | $52,685 | $97,144 |
| SCHLUMBERGER LTD | $75,512 | $80,657 |
| SCHWAB S P 500 INDEX FUND SELE | $1,230,380 | $1,908,846 |
| SERVICE NOW | $47,983 | $58,294 |
| SYNOVUS FINL CP | $66,260 | $41,301 |
| TEXAS INSTRUMENTS INC | $30,828 | $88,904 |
| THERMO FISHER SCIENTIFIC INC | $68,763 | $262,951 |
| TJX COMPANIES INC | $107,157 | $183,850 |
| TRANE TECHNOLOGIES PLC | $42,080 | $115,972 |
| TRANSAMERICA INTERNATIONAL EQU | $907,085 | $934,464 |
| ULTA SALON, COSMETICS & FRAGRA | $61,397 | $108,323 |
| UNION PACIFIC | $53,881 | $125,504 |
| UNITEDHEALTH GROUP INC | $150,864 | $379,834 |
| VANGUARD EMERGING MARKETS STOC | $310,000 | $292,606 |
| VANGUARD MID CAP GROWTH INDEX | $500,000 | $545,474 |
| VANGUARD MID-CAP INDEX FD ADMI | $1,124,238 | $1,098,371 |
| VANGUARD RUSSELL 2000 GROWTH I | $846,232 | $959,826 |
| VERTIV CL A | $32,110 | $76,771 |
| VICTORY SYCAMORE ESTABLISHED V | $1,083,190 | $1,272,079 |
| VISA INC | $62,617 | $354,271 |
| WAL-MART STORES INC | $61,193 | $99,843 |
| WALT DISNEY HOLDINGS CO | $64,233 | $97,822 |
| WORKDAY INC | $91,120 | $112,715 |
| ZOETIS INC | $109,496 | $109,734 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Document Review/Drafting | CategoryTxt |
| Legal Fees | $6,398 | LegalFeesAmt |
| Disbursements Charitable Prps | $6,398 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (9 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PRI - CLEVELAND COUNTY FAMILY | $200,000 | $200,000 |
| PRI - PAVE SOUTHEAST RALEIGH C | $50,000 | $50,000 |
| PRI - SE RALEIGH CHARTER FOUND | $300,000 | $300,000 |
| PRI - SE RALEIGH PROMISE, INC. | $50,000 | $50,000 |
| PRI - SELF HELP CREDIT UNION ( | $356,000 | $356,000 |
| PRI - SELF HELP FEDERAL CREDIT | $300,000 | $300,000 |
| PRI - SELF-HELP FEDERAL CREDIT | $311,000 | $311,000 |
| PRI - THE RESURRECTION PROJECT | $300,000 | $300,000 |
| PRI - THE RESURRECTION PROJECT | $325,000 | $325,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $60,511 | $60,511 | |
| Bank Charges | $127 | $100 | $27 |
| Foundation Dues & Memberships | $1,000 | $1,000 | |
| Indemnification Insurance | $1,250 | $1,250 | |
| State or Local Filing Fees | $15 | $15 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Class Action Lawsuit Proceeds | Desc |
| Revenue And Expenses Per Books | $2,925 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $2,925 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment Management Services | $117,432 | $117,432 | |
| Philanthropic Consulting Srvcs | $10,833 | $10,833 | |
| TRANSCRIPTION SERVICES | $1,650 | $1,650 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Per IRS notice dated May 27, 2024, Tom Russell Charitable Foundation, Inc. did not file its required annual return. We respectfully request that the Foundation's filing of Form 990-PF for taxable year ending August 31, 2023 be treated as timely and request that no penalties be assessed because the delay was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending August 31, 2023. The Foundation submitted Form 8879, IRS e-file Signature Authorization for a Tax Exempt Entity ("Form 8879") to its administrator by the filing deadline in order to timely file Form 990-PF for tax year ending August 31, 2023. Because of an error made when tracking this return, the foundation's administrator inadvertently missed filing the return by the due date. Once the administrator became aware of this oversight, the Foundation's return was transmitted for e-file as soon as possible. Had the return been filed at the time Form 8879 was originally submitted by the Foundation, the return would have been filed timely. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. The delay in filing was not in any way due to an intentional disregard of IRS rules and the Foundation exercised due diligence by submitting the form in a timely manner and by responding as soon as possible to the delay once aware of it and is therefore entitled to abatement of any penalty. The administrator has processes in place to prevent this administrative issue and feels that it will not reoccur in the future. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2023 | $4,200 | |
| 990-PF Excise Tax for 2022 | $4,441 | |
| Foreign Tax Paid | $2,100 | $2,100 |