THOMAS S AND MARY K BAGLEY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: THOMAS S AND MARY K BAGLEY FOUNDATION (EIN 20-0833307)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-05-16
IRS object ID: 202231369349102913
Schema version: 2021v4.0
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
Schedule B
Accounting Fees Schedule
Investments Corp Stock Schedule
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-16T11:02:51-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	363864230	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SCALI & ASSOCIATES PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	190 LIBERTY ROAD UNIT 1	AddressLine1Txt
City	CRYSTAL LAKE	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	600148067	ZIPCd

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

Filer Filer

Field	Value	IRS element (for citing)
EIN	200833307	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THOMAS S AND MARY K BAGLEY	BusinessNameLine1Txt
Business Name Line2	FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	THOM	BusinessNameControlTxt
Phone	8474589070	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	C/O SCALI ASSOC PC 190 LIBERTY RD	AddressLine1Txt
City	CRYSTAL LAKE	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60014	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	THOMAS S BAGLEY	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8474589070	PhoneNum
Signature	2022-05-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	THOMAS	PersonFirstNm
Person Last	BAGLEY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DANIELLE A SERDAR CPA	PreparerPersonNm
PTIN	P00285470	PTIN
Phone	8474589070	PhoneNum
Preparation	2022-05-16	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$711,630	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	$285,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$1	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$1	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$11,795	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$11,795	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$8,970	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$274,106	GrossSalesPriceAmt
Total Rev And Expnss	$287,826	TotalRevAndExpnssAmt
Total Net Invst Incm	$11,796	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$2,500	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,500	AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss	$1,545	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$25	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$4,045	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,500	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$25	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$163,480	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$163,480	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$167,525	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,500	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$163,505	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$120,301	ExcessRevenueOverExpensesAmt
Net Investment Income	$9,296	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$23,441	CashBOYAmt
Cash EOY	$205,747	CashEOYAmt
Cash EOYFMV	$205,747	CashEOYFMVAmt
Corporate Stock BOY	$551,426	CorporateStockBOYAmt
Corporate Stock EOY	$505,883	CorporateStockEOYAmt
Corporate Stock EOYFMV	$505,883	CorporateStockEOYFMVAmt
Total Assets BOY	$574,867	TotalAssetsBOYAmt
Total Assets EOY	$711,630	TotalAssetsEOYAmt
Total Assets EOYFMV	$711,630	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$574,867	RetainedEarningBOYAmt
Retained Earning EOY	$711,630	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$574,867	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$711,630	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$574,867	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$711,630	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$574,867	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$120,301	ExcessRevenueOverExpensesAmt
Other Increases	$16,462	OtherIncreasesAmt
Subtotal	$711,630	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$711,630	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES	P	$69,106	$82,662	-$13,556	-$13,556
PUBLICLY TRADED SECURITIES	P	$205,000	$200,414	$4,586	$4,586

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$8,970	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$129	InvestmentIncomeExciseTaxAmt
Subtotal	$129	SubtotalAmt
Tax Based On Investment Income	$129	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$737	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$737	TotalPaymentsAndCreditsAmt
Overpayment	$608	OverpaymentAmt
Applied To ES Tax	$608	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	IL	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	SCALI & ASSOCIATES PC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8474589070	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	190 LIBERTY ROAD UNIT 1	AddressLine1Txt
City	CRYSTAL LAKE	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60014	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
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
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	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
THOMAS S BAGLEY
190 LIBERTY ROAD UNIT ONE	CRYSTAL LAKE	IL	60014	PRESIDENT	000.00	$0	$0	$0
JAMES J BAGLEY
454 N OAKHURST DRIVE APT 303	BEVERLY HILLS	CA	90210	TREASURER	000.00	$0	$0	$0
CHARLES HARRIS
525 W MONROE 1600	CHICAGO	IL	60661	SECRETARY	000.00	$0	$0	$0
MARY K BAGLEY
190 LIBERTY ROAD UNIT ONE	CRYSTAL LAKE	IL	60014	VICE PRESIDE	000.00	$0	$0	$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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$542,855	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$43,383	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$586,238	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$586,238	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$8,794	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$577,444	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$28,872	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$28,872	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$129	TaxBasedOnInvestmentIncomeAmt
Total Tax	$129	TotalTaxAmt
Distributable Before Adj	$28,743	DistributableBeforeAdjAmt
Distributable Before Ded	$28,743	DistributableBeforeDedAmt
Distributable As Adjusted	$28,743	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$163,505	ExpensesAndContributionsAmt
Qualifying Distributions	$163,505	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$28,743	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$166,431	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$175,458	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$147,068	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$137,128	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$104,004	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$730,089	TotalExcessDistributionCyovAmt
Qualifying Distributions	$163,505	QualifyingDistributionsAmt
Applied To Current Year	$28,743	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$134,762	RemainingDistriFromCorpusAmt
Total Corpus	$864,851	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$166,431	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$698,420	ExcessDistriCyovToNextYrAmt
Excess From Year4	$175,458	ExcessFromYear4Amt
Excess From Year3	$147,068	ExcessFromYear3Amt
Excess From Year2	$137,128	ExcessFromYear2Amt
Excess From Year1	$104,004	ExcessFromYear1Amt
Excess From Current Year	$134,762	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
NAVY SEAL FOUNDATION
1619 D STREET	BLDG 5326	VIRGINIA BEACH	VA	23459	PF	GENERAL FUND	$50,000
NAVY SEAL FOUNDATION
1619 D STREET	BLDG 5326	VIRGINIA BEACH	VA	23459	PF	GENERAL FUND	$98,480
DENVER ZOOLOGICAL FOUNDATION INC
2300 STEELE ST		DENVER	CO	80205	PC	UNRESTRICTED	$15,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$163,480	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$11,795	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	-$8,970	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$11,796	ExclusionAmt
Related Or Exempt Function Incm	-$8,970	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,826	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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	THOMAS S BAGLEY	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	1300 NORTH STATE PARKWAY	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60610	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$285,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	SCALI AND ASSOCIATES	CategoryTxt
Amt	$2,500	Amt
Net Investment Income	$2,500	NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	JPM X3007	StockNm
EOY Book Value	$505,883	EOYBookValueAmt
EOYFMV	$505,883	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
FILING FEES	$25	$25
NONDEDUCTIBLE CHARITY	$1,520

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN	Desc
Amt	$16,462	Amt