The Bernice Heffernan Family Foundation: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- The Bernice Heffernan Family Foundation (EIN 33-0954861)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-09
- IRS object ID
- 202521299349101442
- Schema version
- 2024v5.1
- 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
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Liquidation Explanation Stmt
- 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 | 2025-05-09T10:32:57-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330954861 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Bernice Heffernan Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JOHN B HEFFERNAN LAW CO | InCareOfNm |
| Business Name Control | BERN | BusinessNameControlTxt |
| Phone | 9496404300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 Birch Street Ste 200 | AddressLine1Txt |
| City | Newport Beach | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAT HEFFERNAN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9496404300 | PhoneNum |
| Signature | 2025-04-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $109,055 | 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 | $912 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $912 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $4,930 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,930 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $55,996 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $225,880 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $55,996 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $28 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $28 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $61,866 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $61,866 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $1,384 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,384 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $533 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $133 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $7,662 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $10 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $7,652 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $9,579 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,527 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $7,652 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $209,995 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $209,995 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $219,574 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,527 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $217,647 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$157,708 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $60,339 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $27,648 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $14,267 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $14,267 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $49,059 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $19,040 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $18,933 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $132,040 | CorporateStockBOYAmt |
| Corporate Stock EOY | $46,022 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $66,217 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $37,419 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $9,129 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $9,638 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $246,166 | TotalAssetsBOYAmt |
| Total Assets EOY | $88,458 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $109,055 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $246,166 | RetainedEarningBOYAmt |
| Retained Earning EOY | $88,458 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $246,166 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $88,458 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $246,166 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $88,458 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $246,166 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$157,708 | ExcessRevenueOverExpensesAmt |
| Subtotal | $88,458 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $88,458 | 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 | $225,880 | GrossSalesPriceAmt |
| Cost Or Other Basis | $169,884 | CostOrOtherBasisAmt |
| Gain Or Loss | $55,996 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $55,996 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $55,996 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $839 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $839 | SubtotalAmt |
| Tax Based On Investment Income | $839 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $29 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $29 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $810 | TaxDueAmt |
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 | Yes (true) | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN B HEFFERNAN LAW CO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9496404300 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 BIRCH STREET STE 200 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 92660 | 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 |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| John B Heffernan | ||||||||
| 5100 Birch Street Ste 200 | Newport Beach | CA | 92660 | Sec, Dir | 1.0 | $0 | $0 | $0 |
| Patrick J Heffernan | ||||||||
| 5100 Birch Street Ste 200 | Newport Beach | CA | 92660 | Treas, Dir | 1.0 | $0 | $0 | $0 |
| Robert E Heffernan | ||||||||
| 5100 Birch Street Ste 200 | Newport Beach | CA | 92660 | VP, Dir | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $151,026 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $58,128 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $209,154 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $209,154 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,137 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $206,017 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $10,301 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $10,301 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $839 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $839 | TotalTaxAmt |
| Distributable Before Adj | $9,462 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $9,462 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $9,462 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $217,647 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $217,647 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $9,462 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $122,918 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $131,020 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $110,979 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $110,224 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $148,762 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $623,903 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $217,647 | QualifyingDistributionsAmt |
| Applied To Current Year | $9,462 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $208,185 | RemainingDistriFromCorpusAmt |
| Total Corpus | $832,088 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $122,918 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $709,170 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $131,020 | ExcessFromYear4Amt |
| Excess From Year3 | $110,979 | ExcessFromYear3Amt |
| Excess From Year2 | $110,224 | ExcessFromYear2Amt |
| Excess From Year1 | $148,762 | ExcessFromYear1Amt |
| Excess From Current Year | $208,185 | 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 (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ABBEY OF NEW CLAIRVAUX | |||||||
| PO BOX 80 | VINA | CA | 96092 | N/A | PC | New senior wing | $10,000 |
| BLANCHET HOUSE OF HOSPITALITY | |||||||
| 310 NW GLISAN ST | PORTLAND | OR | 97209 | N/A | PC | General & Unrestricted | $5,000 |
| BUTTE COUNTY FIREFIGHTERS BURN AND BENEVOLENT FUND | |||||||
| 176 NELSON AVE | OROVILLE | CA | 95965 | N/A | PC | General & Unrestricted | $2,500 |
| CATHOLIC CHARITIES OF ORANGE COUNTY | |||||||
| 12141 S LEWIS ST 11TH FLOOR | GARDEN GROVE | CA | 92840 | N/A | PC | Catholic Charities Auxiliary of Orange County | $5,000 |
| CORPORATION OF GONZAGA UNIVERSITY | |||||||
| 502 E BOONE AVE | SPOKANE | WA | 99258 | N/A | PC | General & Unrestricted | $10,000 |
| FRIENDS OF THE CHILDREN - NATIONAL OFFICE | |||||||
| 44 NE MORRIS ST | PORTLAND | OR | 97212 | N/A | PC | Charitable Event | $5,000 |
| JESUIT HIGH SCHOOL | |||||||
| 9000 SW BEAVERTON-HILLSDALE HWY | PORTLAND | OR | 97225 | N/A | PC | General & Unrestricted | $10,000 |
| LIFENET FAMILY RESOURCE AND PREGNANCY CENTER OF TE | |||||||
| 1008 MADISON ST | RED BLUFF | CA | 96080 | N/A | PC | General & Unrestricted | $5,000 |
| MERCY FOUNDATION NORTH | |||||||
| 2625 EDITH AVE STE E | REDDING | CA | 96001 | N/A | PC | St. Elizabeth Hospital Hospice | $2,500 |
| OUR LADY OF THE LAKE CHURCH | |||||||
| 650 A AVE | LAKE OSWEGO | OR | 97034 | N/A | PC | General & Unrestricted | $15,000 |
| OUR LADY OF THE LAKE CHURCH | |||||||
| 650 A AVE | LAKE OSWEGO | OR | 97034 | N/A | PC | Building Our Future - A Sacred Presence Campaign Pledge | $25,000 |
| OUTSIDE IN | |||||||
| 1132 SW 13TH AVE | PORTLAND | OR | 97205 | N/A | PC | Syringe Service/Harm Reduction activities fund | $5,000 |
| POOR AND THE HOMELESS TEHAMA COUNTY COALITION | |||||||
| PO BOX 315 | RED BLUFF | CA | 96080 | N/A | PC | General & Unrestricted | $5,000 |
| SACRED HEART SCHOOL | |||||||
| 2255 MONROE ST | RED BLUFF | CA | 96080 | N/A | PC | Tuition assistance program | $15,000 |
| ST ANNE SCHOOL | |||||||
| 1324 S MAIN ST | SANTA ANA | CA | 92707 | N/A | PC | Sr. Teresa Scholarship Fund | $4,995 |
| VERBUM DEI JESUIT HIGH SCHOOL | |||||||
| 11100 S CENTRAL AVE | LOS ANGELES | CA | 90059 | N/A | PC | General & Unrestricted | $85,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $209,995 | 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 | $912 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,930 | 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 | $55,996 | 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 | CLASS ACTION LAWSUIT PROCEEDS | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $28 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $61,866 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $61,866 | 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 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | NIKE INC NOTE CALL - 2.375% - | BondNm |
| EOY Book Value | $9,129 | EOYBookValueAmt |
| EOYFMV | $9,638 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (36 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ACCENTURE PLC | $830 | $1,759 |
| ADVISORS INNER CIRCLE FUND ACA | $2,575 | $2,493 |
| AIR PRODS & CHEM INC | $2,637 | $2,900 |
| APPLE INC | $3,568 | $5,509 |
| BAKER HUGHES COMPANY | $470 | $1,436 |
| BAXTER INTERNATIONAL INC | $1,519 | $1,312 |
| BROOKFIELD RENEWABLE CORPORATI | $1,589 | $1,521 |
| CARRIER GLOBAL | $821 | $1,365 |
| CHARLES SCHWAB CORP | $489 | $1,110 |
| CHEVRON CORP | $865 | $1,448 |
| CIENA CORP | $556 | $2,120 |
| CISCO SYSTEMS INC | $931 | $1,776 |
| DIAGEO PLC ADS | $2,091 | $1,907 |
| EMBRAER EMPRESA BR | $234 | $1,651 |
| FIRST ENERGY CORP | $1,522 | $1,591 |
| GEN DYNAMICS CP | $277 | $527 |
| GOLDMAN SACHS GROUP | $694 | $1,718 |
| ISHARE SP SMALL CAP 600 INDEX | $1,633 | $2,304 |
| ISHARES TRUST MSCI EAFE INDEX | $2,962 | $3,024 |
| JOHNSON & JOHNSON | $981 | $1,446 |
| JP MORGAN CHASE | $800 | $1,199 |
| KINDER MORGAN INC | $827 | $1,370 |
| METHANEX CORPORATION | $1,564 | $1,998 |
| MICROSOFT CORP | $430 | $6,324 |
| MOLINA HEALTHCARE | $1,416 | $1,455 |
| NEWMONT GOLDCORP CORPORATION | $966 | $1,117 |
| NIKE INC-CL B | $1,485 | $1,513 |
| QUALCOMM INC | $528 | $1,536 |
| REALTY INCOME CORP | $1,653 | $1,335 |
| SANOFI-AVENTIS SPONSORED ADR | $1,671 | $1,447 |
| SYSCO CORP | $1,401 | $1,529 |
| THE EMERGING MARKETS FUND INST | $1,550 | $1,426 |
| TIMKEN CO COM | $747 | $714 |
| US BANCORP | $1,156 | $957 |
| VERIZON COMMUNICATIONS | $1,773 | $1,800 |
| VISA INC | $811 | $1,580 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $19,040 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $18,933 | USGovtObligationsEOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $209,995. This amount represents 25% or more of the Foundation's net assets of $309,370 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $7,627 | $7,627 | |
| Bank Charges | $10 | $10 | |
| State or Local Filing Fees | $25 | $25 |
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 | $28 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $28 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $1,384 | Amt |
| Net Investment Income | $1,384 | NetInvestmentIncomeAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | We respectfully request that The Bernice Heffernan Family Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $18 penalty indicated on Form 2220 be abated because the underpayment in Q3 and Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable 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 calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q3 and Q4 estimates based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Extension for 2023 | $400 | |
| Foreign Tax Paid | $133 | $133 |