STRATEGY STUDIO / PUBLIC DATA EXPLORER

STEELE TAIT FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
STEELE TAIT FAMILY FOUNDATION (EIN 37-2006472)
Tax period
2023-11-01 to 2024-10-31
Filed
2025-01-23
IRS object ID
202520239349101607
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)
Return2025-01-23T15:27:23-05:00ReturnTs
Tax Period End2024-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204328422PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROOTADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11516 S WALNUT STREETAddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationINStateAbbreviationCd
ZIP47401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN372006472EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STEELE TAIT FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTEEBusinessNameControlTxt
Phone8123277639PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14438 S FOREST HILL DRAddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationINStateAbbreviationCd
ZIP474017820ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAYNE TAITPersonNm
Person TitleDIRECTOR & TREASURERPersonTitleTxt
Phone8123277639PhoneNum
Signature2025-01-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRYAN M DECKARDPreparerPersonNm
PTINP01057388PTIN
Phone8123327200PhoneNum
Preparation2025-01-23PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
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$39,534InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$39,534InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$38,003DividendsRevAndExpnssAmt
Dividends Net Invst Incm$38,003DividendsNetInvstIncmAmt
Total Rev And Expnss$77,537TotalRevAndExpnssAmt
Total Net Invst Incm$77,537TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$460TaxesRevAndExpnssAmt
Taxes Net Invst Incm$460TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,846OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,846OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$6,306TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,306TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$251,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$251,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$257,606TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,306TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$251,300TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$180,069ExcessRevenueOverExpensesAmt
Net Investment Income$71,231NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,737CashBOYAmt
Cash EOY$67,103CashEOYAmt
Sav And Temp Cash Invst BOY$680,983SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$80,798SavAndTempCashInvstEOYAmt
US Government Obligations BOY$704,200USGovernmentObligationsBOYAmt
US Government Obligations EOY$855,793USGovernmentObligationsEOYAmt
Other Assets BOY$3,263OtherAssetsBOYAmt
Other Assets EOY$2,953OtherAssetsEOYAmt
Total Assets BOY$1,397,183TotalAssetsBOYAmt
Total Assets EOY$1,006,647TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,397,183NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,006,647NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,397,183TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,006,647TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,397,183TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,006,647TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,397,183TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$180,069ExcessRevenueOverExpensesAmt
Subtotal$1,217,114SubtotalAmt
Other Decreases$210,467OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,006,647TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$990InvestmentIncomeExciseTaxAmt
Subtotal$990SubtotalAmt
Tax Based On Investment Income$990TaxBasedOnInvestmentIncomeAmt
Tax Due$990TaxDueAmt

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
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 BooksLAYNE TAITIndividualWithBooksNm
Phone8123277639PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14438 FOREST HILL DRAddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationINStateAbbreviationCd
ZIP47401ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LAYNE TAIT
4438 FOREST HILL DRBLOOMINGTONIN47401DIRECTOR & T000.00$0$0$0
ALISON TAIT
11127 STONEBRIER DRBENTONVILLEAR72712DIRECTOR & S000.00$0$0$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)
Description1PROVIDE FINANCIAL SUPPORT TO ORGANIZATIONS THAT PROVIDE AID AND SUPPORT TO POOR AND ABUSED CHILDREN, INCLUDING TEMPORARY SHELTER, MEDICAL ASSISTANCE, AND EDUCATIONAL ASSISTANCE.Description1Txt
Description2PROVIDE SUPPORT FOR ORGANIZATIONS ENGAGEED IN ENGINEERING STUDIES.Description2Txt
Description3PROVIDE FINANCIAL SUPPORT FOR ORGANIZATIONS ENGAGED IN MEDICAL RESEARCH.Description3Txt

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$990TaxBasedOnInvestmentIncomeAmt
Total Tax$990TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$251,300ExpensesAndContributionsAmt
Qualifying Distributions$251,300QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$50,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$251,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$301,000TotalExcessDistributionCyovAmt
Qualifying Distributions$251,300QualifyingDistributionsAmt
Remaining Distri From Corpus$251,300RemainingDistriFromCorpusAmt
Total Corpus$552,300TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$552,300ExcessDistriCyovToNextYrAmt
Excess From Year2$50,000ExcessFromYear2Amt
Excess From Year1$251,000ExcessFromYear1Amt
Excess From Current Year$251,300ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLAYNE TAITRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14438 S FOREST HILL DRAddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationINStateAbbreviationCd
ZIP47401ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8123277639RecipientPhoneNum
Recipient Email AddressLST92059@AOL.COMRecipientEmailAddressTxt
Form And Info And MaterialsIN WRITING BY MAIL OR EMAIL ONLY.FormAndInfoAndMaterialsTxt
Submission DeadlinesANYTIMESubmissionDeadlinesTxt
Restrictions On AwardsONLY PROVIDE GRANTS TO US ORGANIZATIONS.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHILDRENS SAFETY CENTER
614 E EMMA AVE 200SPRINGDALEAR72764PCSUPPORT FOR POOR ABUSED CHILDREN$190,000
TEAM HOPE IN MOTION
6920 GATWICK DR 200INDIANAPOLISIN46241PCSUPPORT FOR POOR ABUSED CHILDREN$5,000
TEAM HOPE IN MOTION
6920 GATWICK DR 200INDIANAPOLISIN46241PCSUPPORT FOR POOR ABUSED CHILDREN$1,300
FAITH IN PRACTICE
7500 BEECHNUT ST 208HOUSTONTX77074PCSUPPORT FOR POOR ABUSED CHILDREN$5,000
UNIVERSITY OF ARKANSAS
1 UNIVERSITY OF ARKANSASFAYETTEVILLEAR72701PCMEDICAL RESEARCH$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$251,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$39,534RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$38,003RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$77,537RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$77,537TotalIncomeProducingActyAmt

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 FEESCategoryTxt
Amt$1,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$855,793USGovtObligationsBookVlEOYAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescACCRUED INCOMEDesc
BOY Book Value$3,263BOYBookValueAmt
EOY Book Value$2,953EOYBookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCASH ADJ FORM 2023Desc
Amt$210,467Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
IMA ACCOUNT FEES$4,846$4,846

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryUS TREASURYCategoryTxt
Amt$460Amt
Net Investment Income$460NetInvestmentIncomeAmt