STRATEGY STUDIO / PUBLIC DATA EXPLORER

HIGGINS BRAUN FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HIGGINS BRAUN FOUNDATION (EIN 47-5439472)
Tax period
2023-10-01 to 2024-09-30
Filed
2025-04-14
IRS object ID
202541049349100119
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)
Return2025-04-14T09:58:20-07:00ReturnTs
Tax Period End2024-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN931065451PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Matt Tillson Tax ServicesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11158 Emerald Bay RdAddressLine1Txt
CitySouth Lake TahoeCityNm
State AbbreviationCAStateAbbreviationCd
ZIP96150ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475439472EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Higgins Braun FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHIGGBusinessNameControlTxt
Phone5305412360PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 8644AddressLine1Txt
CityS Lake TahoeCityNm
State AbbreviationCAStateAbbreviationCd
ZIP96158ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid S ZickoPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2025-04-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDavid S Zicko CPAPreparerPersonNm
PTINP01217296PTIN
Phone5305453730PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$245,934FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,487InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,487InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2,487InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$4,577DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,577DividendsNetInvstIncmAmt
Dividends Adj Net Incm$4,577DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$13,770NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$206,651GrossSalesPriceAmt
Net ST Capital Gain Adj Net Incm$2,418NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss-$6,706TotalRevAndExpnssAmt
Total Net Invst Incm$7,064TotalNetInvstIncmAmt
Total Adj Net Incm$9,482TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,040AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$85TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$16,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$16,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$17,125TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$16,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$23,831ExcessRevenueOverExpensesAmt
Net Investment Income$7,064NetInvestmentIncomeAmt
Adjusted Net Income$9,482AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$61,443SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$18,318SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$18,318SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$96,993USGovernmentObligationsBOYAmt
US Government Obligations EOY$45,976USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$46,458USGovtObligationsEOYFMVAmt
Corporate Stock BOY$93,477CorporateStockBOYAmt
Corporate Stock EOY$163,788CorporateStockEOYAmt
Corporate Stock EOYFMV$181,158CorporateStockEOYFMVAmt
Total Assets BOY$251,913TotalAssetsBOYAmt
Total Assets EOY$228,082TotalAssetsEOYAmt
Total Assets EOYFMV$245,934TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$251,913CapitalStockBOYAmt
Capital Stock EOY$228,082CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$251,913TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$228,082TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$251,913TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$228,082TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$251,913TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$23,831ExcessRevenueOverExpensesAmt
Subtotal$228,082SubtotalAmt
Tot Net Ast Or Fund Balances EOY$228,082TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Air Prod & ChemP2024-01-262004-07-22$9,852$10,633-$781-$781
DisneyP2020-09-102024-06-20$19,990$27,433-$7,443-$7,443
IntelP2021-01-082024-04-09$22,645$31,390-$8,745-$8,745
US Treasury NoteP2023-10-172024-04-04$54,164$53,972$192$192
US Treasury NoteP2023-02-062023-10-15$100,000$96,993$3,007$3,007
FieldValueIRS element (for citing)
Capital Gain Net Income-$13,770CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,418NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$98InvestmentIncomeExciseTaxAmt
Subtotal$98SubtotalAmt
Tax Based On Investment Income$98TaxBasedOnInvestmentIncomeAmt
Tax Due$98TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1David ZickoBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5305411910PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11158 Emerald Bay RdAddressLine1Txt
CityS Lake TahoeCityNm
State AbbreviationCAStateAbbreviationCd
ZIP96150ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Kurt G Braun
PO Box 8644S Lake TahoeCA96158President2.00$0
Kathleen H Braun
PO Box 8644S Lake TahoeCA96158Vice President2.00$0
Karen E Higgins
PO Box 8644S Lake TahoeCA96158Secretary0.30$0
David S Zicko
PO BOX 8644S Lake TahoeCA96158Treasurer0.30$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Provided a $4,000 grant to 501(c)(3) Bay Area Music Project to further the performing arts.The organization did not incur any directly related expenses this fiscal year in pursuing this activityDescription1Txt
Expenses1$0Expenses1Amt
Description2Provided a $4,000 grant to 501(c)(3) Community Initiative Harmony Project to deeply engage under-served children in a multi-year program of music study and performance.The organization did not incur any directly related expenses this fiscal year in pursuing this activityDescription2Txt
Description3Provided a $4,000 grant to 501(c)(3)Tahoe Truckee School of Music to assist youth with the cost of lessons and access to musical instruments.The organization did not incur any directly related expenses this fiscal year in pursuing this activityDescription3Txt
Description4Provided a $4,000 grant to 501(c)(3)Young Musicians Choral Orchestra to assist disadvantged youth with the cost of lessons and access to musical instruments.The organization did not incur any directly related expenses this fiscal year in pursuing this activityDescription4Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$210,686AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,519AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$241,205TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$241,205AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,618CashDeemedCharitableAmt
Net Vl Noncharitable Assets$237,587NetVlNoncharitableAssetsAmt
Minimum Investment Return$11,879MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$11,879MinimumInvestmentReturnAmt
Tax Based On Investment Income$98TaxBasedOnInvestmentIncomeAmt
Total Tax$98TotalTaxAmt
Distributable Before Adj$11,781DistributableBeforeAdjAmt
Distributable Before Ded$11,781DistributableBeforeDedAmt
Distributable As Adjusted$11,781DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$16,000ExpensesAndContributionsAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$11,781DistributableAsAdjustedAmt
Undistributed Income PY$10,459UndistributedIncomePYAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt
Applied To Year1$10,459AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$5,541AppliedToCurrentYearAmt
Undistributed Income CY$6,240UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKurt G BraunContributingManagerNm
Contributing ManagerKathleen H BraunContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Tahoe School of Music
10038 Meadow WayTruckeeCA96161nonePCFor Music instruction and access to musical instruments$4,000
Community Initiatives Harmony Proje
1000 Broadway Suite 480OaklandCA94607nonePCFor Music Instruction and access by disadvantaged youth$4,000
Bay Area Music Project
740 Santa Clara AveAlamedaCA94501nonePCTo provide music education and opportunity to disadvantaged youth$4,000
Young Musicians Choral Orchestra
2020 Milvia St 4th Fl Ste 420BerkeleyCA94704NoneTo help provide Music education to disadvantaged youth$4,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$16,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,487ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,577ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$13,770RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$7,064ExclusionAmt
Related Or Exempt Function Incm-$13,770RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$6,706TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting & Tax Return PreparationCategoryTxt
Amt$1,040Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Annual Attorney General Report$25
IRS 940PF Tax$60