HIGGINS BRAUN FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: HIGGINS BRAUN FOUNDATION (EIN 47-5439472)
Tax period: 2021-10-01 to 2022-09-30
Filed: 2023-07-17
IRS object ID: 202321989349100237
Schema version: 2021v4.1
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
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-07-17T16:05:03-07:00	ReturnTs
Tax Period End	2022-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	931065451	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Olivo Zicko & Woods CPA LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1158 Emerald Bay Road	AddressLine1Txt
City	South Lake Tahoe	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	96150	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	475439472	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Higgins Braun Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HIGG	BusinessNameControlTxt
Phone	5305412360	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 8644	AddressLine1Txt
City	S Lake Tahoe	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	96158	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	David S Zicko	PersonNm
Person Title	Treasurer	PersonTitleTxt
Signature	2023-07-17	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	David S	PersonFirstNm
Person Last	Zicko	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	David S Zicko CPA	PreparerPersonNm
PTIN	P01217296	PTIN
Phone	5305411910	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	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	$221,938	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$70	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$70	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$70	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$2,549	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,549	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$2,549	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	-$3,347	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$67,446	GrossSalesPriceAmt
Total Rev And Expnss	-$728	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,619	TotalNetInvstIncmAmt
Total Adj Net Incm	$2,619	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$925	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$682	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,607	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$15,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$15,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$16,607	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$15,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$17,335	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,619	NetInvestmentIncomeAmt
Adjusted Net Income	$2,619	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$50,254	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$104,133	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$104,133	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$421	PrepaidExpensesBOYAmt
Corporate Stock BOY	$234,685	CorporateStockBOYAmt
Corporate Stock EOY	$163,892	CorporateStockEOYAmt
Corporate Stock EOYFMV	$117,805	CorporateStockEOYFMVAmt
Total Assets BOY	$285,360	TotalAssetsBOYAmt
Total Assets EOY	$268,025	TotalAssetsEOYAmt
Total Assets EOYFMV	$221,938	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$285,360	CapitalStockBOYAmt
Capital Stock EOY	$268,025	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$285,360	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$268,025	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$285,360	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$268,025	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$285,360	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$17,335	ExcessRevenueOverExpensesAmt
Subtotal	$268,025	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$268,025	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
150 AMAT	P	2021-01-11	2022-06-15	$14,524	$14,823	-$299	-$299
150 MSFT	P	2020-09-10	2022-06-15	$36,873	$32,053	$4,820	$4,820
50 QCOM	P	2021-02-26	2022-06-15	$6,566	$6,906	-$340	-$340
500 SONO	P	2021-07-29	2022-06-15	$9,483	$17,011	-$7,528	-$7,528

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$3,347	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	-$7,528	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$36	InvestmentIncomeExciseTaxAmt
Subtotal	$36	SubtotalAmt
Tax Based On Investment Income	$36	TaxBasedOnInvestmentIncomeAmt
Tax Due	$36	TaxDueAmt
Applied To ES Tax	$0	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	CA	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
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	David Zicko	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5305411910	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1158 Emerald Bay Rd	AddressLine1Txt
City	S Lake Tahoe	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	96150	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	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Relying Current Ntc Dsstr Asst	Yes (X)	RelyingCurrentNtcDsstrAsstInd
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	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
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
Kurt G Braun
PO Box 8644	S Lake Tahoe	CA	96158	President	1.50	$0
Kathleen H Braun
PO Box 8644	S Lake Tahoe	CA	96158	Vice President	1.50	$0
Karen E Higgins
PO Box 8644	S Lake Tahoe	CA	96158	Secretary	0.30	$0
David S Zicko
PO BOX 8644	S Lake Tahoe	CA	96158	Treasurer	0.15	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	Provided a $5,000 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 activity	Description1Txt
Expenses1	$0	Expenses1Amt
Description2	Provided a $5,000 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 activity	Description2Txt
Description3	Provided a $5,000 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 activity	Description3Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$232,621	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$69,805	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$302,426	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$302,426	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$4,536	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$297,890	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$14,895	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$14,895	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$36	TaxBasedOnInvestmentIncomeAmt
Total Tax	$36	TotalTaxAmt
Distributable Before Adj	$14,859	DistributableBeforeAdjAmt
Distributable Before Ded	$14,859	DistributableBeforeDedAmt
Distributable As Adjusted	$14,859	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$15,000	ExpensesAndContributionsAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$14,859	DistributableAsAdjustedAmt
Undistributed Income PY	$14,829	UndistributedIncomePYAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt
Applied To Year1	$14,829	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$171	AppliedToCurrentYearAmt
Undistributed Income CY	$14,688	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Kurt G Braun	ContributingManagerNm
Contributing Manager	Kathleen H Braun	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Tahoe School of Music
10038 Meadow Way	Truckee	CA	96161	none	PC	Music instruction and access to musical instruments	$5,000
Community Initiatives
1000 Broadway Suite 480	Oakland	CA	94607	none	PC	Music Instruction	$5,000
Bay Area Music Project
740 Santa Clara Ave	Alameda	CA	94501	none	PC	Education	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$15,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$70	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,549	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	-$3,347	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$2,619	ExclusionAmt
Related Or Exempt Function Incm	-$3,347	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$728	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

Field	Value	IRS element (for citing)
Category	Income tax preparation fee	CategoryTxt
Amt	$925	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
Annual Attorney General Report	$25
IRS	$657