KULAS FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KULAS FOUNDATION (EIN 34-0770687)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202313199349105736
- 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
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T14:01:40-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 EAST NINTH STREET SUITE 1301 | AddressLine1Txt |
| City | CLEVELAND | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44114 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 340770687 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KULAS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % LOU GRASSO | InCareOfNm |
| Business Name Control | KULA | BusinessNameControlTxt |
| Phone | 2166234770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1660 WEST 2ND ST Suite 800 | AddressLine1Txt |
| City | CLEVELAND | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 441131461 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOU GRASSO | PersonNm |
| Person Title | VP/SECRETARY | PersonTitleTxt |
| Phone | 2166234770 | PhoneNum |
| Signature | 2023-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LOU | PersonFirstNm |
| Person Last | GRASSO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jacob Cook | PreparerPersonNm |
| PTIN | P01240455 | PTIN |
| Phone | 2163251700 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| 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 | $39,192,152 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
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 |
| Dividends Rev And Expnss | $918,657 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $918,657 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$31,452 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,166,234 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $773 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $773 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $887,978 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $919,430 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $335,504 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $26,306 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $309,198 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $5,443 | PensionEmplBnftRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $69,119 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $34,559 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $34,560 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $140,003 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $121,003 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $19,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $10,446 | TaxesRevAndExpnssAmt |
| Occupancy Rev And Expnss | $203,742 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $203,742 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $13,016 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $13,016 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $777,273 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $181,868 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $579,516 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,565,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,565,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,342,773 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $181,868 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,145,016 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,454,795 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $737,562 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $119,393 | CashBOYAmt |
| Cash EOY | $213,455 | CashEOYAmt |
| Cash EOYFMV | $213,455 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $204,364 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $192,853 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $192,853 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses EOY | $97,450 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $97,450 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $29,788,010 | CorporateStockBOYAmt |
| Corporate Stock EOY | $22,641,952 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $22,641,952 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $10,110,715 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $6,597,776 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $6,597,776 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $10,219,758 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,430,811 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,430,811 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $85,226 | OtherAssetsBOYAmt |
| Other Assets EOY | $17,855 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $17,855 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $50,527,466 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,192,152 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $39,192,152 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $59,745 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $6,372 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $6,372 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $59,745 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $50,521,094 | CapitalStockBOYAmt |
| Capital Stock EOY | $39,132,407 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $50,521,094 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $39,132,407 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $50,527,466 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $39,192,152 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $50,521,094 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,454,795 | ExcessRevenueOverExpensesAmt |
| Subtotal | $49,066,299 | SubtotalAmt |
| Other Decreases | $9,933,892 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $39,132,407 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | MARKETABLE SECURITIES | PropertyDesc |
| Gross Sales Price | $3,166,234 | GrossSalesPriceAmt |
| Cost Or Other Basis | $3,197,686 | CostOrOtherBasisAmt |
| Gain Or Loss | -$31,452 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$31,452 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$31,452 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,252 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,252 | SubtotalAmt |
| Tax Based On Investment Income | $10,252 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $107,698 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $107,698 | TotalPaymentsAndCreditsAmt |
| Overpayment | $97,446 | OverpaymentAmt |
| Applied To ES Tax | $97,446 | 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 | OH | 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 | HTTPS://WWW.MURPHYKULAS.ORG/ | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOU GRASSO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2166234770 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1660 WEST 2ND ST SUITE 800 | AddressLine1Txt |
| City | CLEVELAND | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 441131461 | 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 | 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 (7 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 |
|---|---|---|---|---|---|---|---|---|
| RICHARD W POGUE | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | chairman of the board, trustee | 1.0 | $10,000 | $0 | $0 |
| RICHARD J CLARK | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | EXECUTIVE VP/SECRETARY | 20.0 | $118,250 | $7,636 | $0 |
| NANCY W MCCANN | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | PRESIDENT/TREASURER/TRUSTEE | 20.0 | $158,125 | $0 | $0 |
| CHRISTOPHER M KELLY | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT/TRUSTEE | 1.0 | $10,000 | $0 | $0 |
| HEATHER LENNOX | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT/TRUSTEE | 1.0 | $10,000 | $0 | $0 |
| JOHN M SAADA JR | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT/TRUSTEE | 1.0 | $2,500 | $0 | $0 |
| LOU GRASSO | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT AS OF 10/14/22 | 20.0 | $17,833 | $1,160 | $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 | $34,373,053 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $189,852 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $9,430,811 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $43,993,716 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $43,993,716 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $659,906 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $43,333,810 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,166,691 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,166,691 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,252 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,252 | TotalTaxAmt |
| Distributable Before Adj | $2,156,439 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,156,439 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,156,439 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,145,016 | 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 | $2,145,016 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,156,439 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $178,378 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $49,042 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $366,165 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $593,585 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,145,016 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $2,145,016 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $11,423 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $11,423 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $582,162 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $166,955 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $415,207 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $49,042 | ExcessFromYear3Amt |
| Excess From Year2 | $366,165 | ExcessFromYear2Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PRESIDENT OF KULAS FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1660 WEST 2ND ST SUITE 800 | AddressLine1Txt |
| City | CLEVELAND | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 441131461 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2166234770 | RecipientPhoneNum |
| Form And Info And Materials | APPLICANTS MUST SUBMIT COPIES OF GRANT APPLICATION, COPIES OF TAX-EXEMPT CERTIFICATES & LETTERS FROM THE TREASURY DEPT CERTIFYING THAT THE APPLICANT IS A PUBLICLY SUPPORTED TAX EXEMPT ORGANIZATION, NOT A PRIVATE FOUNDATION. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | TRUSTEES MEET, USUALLY QUARTERLY, TO CONSIDER GRANT APPLICATIONS. | SubmissionDeadlinesTxt |
| Restrictions On Awards | KULAS FOUNDATION CONFINES ITS GRANTS PRIMARILY TO MUSIC THERAPY, COMMUNITY, EDUCATION, ARTS AND CULTURE AND SOCIAL SERVICE INSTITUTIONS IN THE GREATER CLEVELAND AREA. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (44 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| APOLLO'S FIRE CLEVELAND BAROQUE ORCHESTRA | |||||||
| 3091 MAYFIELD ROAD | CLEVELAND HEIGHTS | OH | 44118 | NONE | PC | PROGRAMMATIC SUPPORT | $30,000 |
| BALDWIN WALLACE UNIVERSITY | |||||||
| 275 EASTLAND ROAD | BEREA | OH | 44017 | NONE | PC | PROGRAMMATIC SUPPORT | $104,500 |
| BECK CENTER FOR THE ARTS | |||||||
| 17801 DETROIT AVENUE | LAKEWOOD | OH | 44107 | NONE | PC | PROGRAMMATIC SUPPORT | $125,000 |
| CASE WESTERN RESERVE UNIVERSITY | |||||||
| 10900 EUCLID AVENUE | CLEVELAND | OH | 44106 | NONE | PC | PROGRAMMATIC SUPPORT | $154,500 |
| CHAMBERFEST CLEVELAND | |||||||
| 20620 JOHN CARROLL BLVD 217 | CLEVELAND | OH | 44118 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| CITYMUSIC CLEVELAND | |||||||
| PO BOX 1930 | CLEVELAND | OH | 44106 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| CLEVELAND BALLET | |||||||
| 23030 MILES ROAD | CLEVELAND HEIGHTS | OH | 44128 | NONE | PC | PROGRAMMATIC SUPPORT | $50,000 |
| CLEVELAND COUNCIL ON WORLD AFFAIRS | |||||||
| 812 HURON RD E620 | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| CLEVELAND INSTITUTE OF MUSIC | |||||||
| 11021 EAST BOULEVARD | CLEVELAND | OH | 44106 | NONE | PC | PROGRAMMATIC SUPPORT | $175,000 |
| CLEVELAND INTERNATIONAL FILM FESTIVAL | |||||||
| 2510 MARKET AVENUE | CLEVELAND | OH | 44113 | NONE | PC | PROGRAMMATIC SUPPORT | $25,000 |
| CLEVELAND JAZZ ORCHESTRA | |||||||
| 1501 EUCLID AVENUE | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| CLEVELAND MODERN DANCE ASSOCIATION | |||||||
| 13110 SHAKER SQUARE 106 | CLEVELAND | OH | 44120 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| CLEVELAND OPERA | |||||||
| 5000 EUCLID AVENUE | CLEVELAND | OH | 44103 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| CLEVELAND OPERA THEATER | |||||||
| 5000 EUCLID AVENUE | CLEVELAND | OH | 44103 | NONE | PC | PROGRAMMATIC SUPPORT | $7,500 |
| CLEVELAND PLAY HOUSE | |||||||
| BULKLEY BUILDING 1501 EUCLID AVENU | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $30,000 |
| CLEVELAND POPS ORCHESTRA | |||||||
| 24000 MERCANTILE ROAD UNIT 8 | CLEVELAND | OH | 44122 | NONE | PC | PROGRAMMATIC SUPPORT | $15,000 |
| CLEVELAND RAPE CRISIS CENTER | |||||||
| 526 SUPERIOR AVENUE | CLEVELAND | OH | 44114 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| CLEVELAND SCHOOL OF ARTS BD OF TRUSTEES | |||||||
| PO BOX 18265 | CLEVELAND | OH | 441180265 | NONE | PC | PROGRAMMATIC SUPPORT | $15,000 |
| CLEVELAND STATE UNIVERSITY FOUNDATION | |||||||
| 2121 EUCLID AVENUE | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $32,500 |
| CUYAHOGA COMMUNITY COLLEGE FOUNDATION | |||||||
| 2900 COMMUNITY COLLEGE AVENUE | CLEVELAND | OH | 44114 | NONE | PC | PROGRAMMATIC SUPPORT | $2,500 |
| DOBAMA THEATRE | |||||||
| 2340 LEE ROAD | CLEVELAND HEIGHTS | OH | 44118 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| EDWIN'S LEADERSHIP & RESTAURANT INSTITUTE | |||||||
| 13101 SHAKER SQUARE | CLEVELAND | OH | 44120 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| FRIENDS OF BREAKTHROUGH SCHOOLS | |||||||
| 3615 SUPERIOR AVENUE 3103A | CLEVELAND | OH | 44114 | NONE | PC | PROGRAMMATIC SUPPORT | $25,000 |
| GREAT LAKES THEATER FESTIVAL | |||||||
| 1501 EUCLID AVENUE SUITE 300 | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $30,000 |
| GREATER AKRON MUSICAL ASSOCIATION | |||||||
| 92 N MAIN STREET | AKRON | OH | 44308 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| GROUNDWORKS DANCE THEATER | |||||||
| 13125 SHAKER SQUARE | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $15,000 |
| JEWISH FEDERATION OF CLEVELAND | |||||||
| 25701 SCIENCE PARK DRIVE | BEACHWOOD | OH | 44122 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| JOHN CARROLL UNIVERSITY | |||||||
| 1 JOHN CARROLL BOULEVARD | UNIVERSITY HEIGHTS | OH | 44118 | NONE | PC | PROGRAMMATIC SUPPORT | $15,000 |
| JULIE BILLIART SCHOOLS | |||||||
| 4982 CLUBSIDE ROAD | LYNDHURST | OH | 44124 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| KENT STATE UNIVERSITY FOUNDATION | |||||||
| 800 E SUMMIT STREET | KENT | OH | 44240 | NONE | PC | PROGRAMMATIC SUPPORT | $19,500 |
| MODERN WARRIOR LIVE | |||||||
| PO BOX 5683 | CLEVELAND | OH | 44101 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| NEAR WEST THEATRE | |||||||
| 6702 DETROIT AVENUE | CLEVELAND | OH | 44102 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| OBERLIN COLLEGE | |||||||
| 173 W LORAIN STREET | OBERLIN | OH | 44074 | NONE | PC | PROGRAMMATIC SUPPORT | $4,500 |
| OUR LADY OF PEACE CHURCH | |||||||
| 12601 SHAKER BOULEVARD | CLEVELAND | OH | 44120 | NONE | PC | PROGRAMMATIC SUPPORT | $25,000 |
| PHILANTHROPY OHIO | |||||||
| 173 W LORAIN STREET | OBERLIN | OH | 44074 | NONE | PC | PROGRAMMATIC SUPPORT | $15,000 |
| PROFESSIONAL FLAIR | |||||||
| 3030 EUCLID AVENUE SUITE 100 | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| ROCK & ROLL HALL OF FAME | |||||||
| 1100 EAST 9TH STREET | CLEVELAND | OH | 44114 | NONE | PC | PROGRAMMATIC SUPPORT | $195,000 |
| SPELMAN COLLEGE | |||||||
| 350 SPELMAN LANE SW | ATLANTA | GA | 30314 | NONE | PC | PROGRAMMATIC SUPPORT | $1,000 |
| THE MUSICAL ARTS ASSOCIATION | |||||||
| 11001 EUCLID AVENUE | CLEVELAND | OH | 44106 | NONE | PC | PROGRAMMATIC SUPPORT | $230,000 |
| THE SALVATION ARMY | |||||||
| 2507 E 22ND STREET | CLEVELAND | OH | 44115 | NONE | PC | PROGRAMMATIC SUPPORT | $62,000 |
| TUESDAY MUSICAL | |||||||
| 1041 W MARKET STREET 200 | AKRON | OH | 44313 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| UNIVERSITY CIRCLE INCORPORATED | |||||||
| 10831 MAGNOLIA DRIVE | CLEVELAND | OH | 44106 | NONE | PC | PROGRAMMATIC SUPPORT | $10,000 |
| UNIVERSITY OF AKRON FOUNDATION | |||||||
| 302 E BUCHTEL AVENUE | AKRON | OH | 44325 | NONE | PC | PROGRAMMATIC SUPPORT | $27,000 |
| YOUTH CHALLENGE | |||||||
| 800 SHARON DRIVE | WESTLAKE | OH | 44145 | NONE | PC | PROGRAMMATIC SUPPORT | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,565,500 | 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 |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $918,657 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $773 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$31,452 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $887,978 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $887,978 | 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 | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| LOU GRASSO | $40,678 | $20,339 | $0 | $20,339 |
| BDO USA | $28,441 | $14,220 | $0 | $14,221 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | FIDELITY BONDS | BondNm |
| EOY Book Value | $6,597,776 | EOYBookValueAmt |
| EOYFMV | $6,597,776 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORP. STOCKS - PNC FUNDS | StockNm |
| EOY Book Value | $22,641,952 | EOYBookValueAmt |
| EOYFMV | $22,641,952 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (8 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BLACK DIAMOND | FMV | $2,866,654 | $2,866,654 |
| MODRIAN GLOBAL | FMV | $2,703,639 | $2,703,639 |
| NINETY ONE GLOBAL | FMV | $2,492,575 | $2,492,575 |
| WHITE OAK INVESTMENTS | FMV | $863,955 | $863,955 |
| GLASFUNDS | FMV | $424,298 | $424,298 |
| TIFF REALTY AND RESOURCES III | FMV | $57,448 | $57,448 |
| TIFF PARTNERSHIP IV | FMV | $11,313 | $11,313 |
| TIFF PRIVATE EQUITY PARTNERS | FMV | $10,929 | $10,929 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INCOME | Desc |
| BOY Book Value | $13,975 | BOYBookValueAmt |
| EOY Book Value | $17,855 | EOYBookValueAmt |
| EOYFMV | $17,855 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $9,933,892 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| DUES & MEMBERSHIPS | $11,500 | $11,500 |
| INSURANCE | $775 | $775 |
| OFFICE SUPPLIES | $741 | $741 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Revenue And Expenses Per Books | $773 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $773 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (11 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| TIFF | $4,815 | $4,815 | $0 | $0 |
| CLEARSTEAD | $40,000 | $40,000 | $0 | $0 |
| NCB FUNDS | $19,952 | $19,952 | $0 | $0 |
| DEFORIA LANE | $9,500 | $0 | $0 | $9,500 |
| LOUISE STEELE | $9,500 | $0 | $0 | $9,500 |
| COLUMBUS MID-CAP | $2,062 | $2,062 | $0 | $0 |
| WHITE OAK | $14,869 | $14,869 | $0 | $0 |
| BLACK DIAMOND | $21,510 | $21,510 | $0 | $0 |
| MONDRIAN | $12,963 | $12,963 | $0 | $0 |
| GLASFUNDS | $686 | $686 | $0 | $0 |
| LIMITED MATURITY | $4,146 | $4,146 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX | CategoryTxt |
| Amt | $10,446 | Amt |