CHARLES M BAIR FAMILY TR FUND: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CHARLES M BAIR FAMILY TR FUND (EIN 81-6075761)
- Tax period
- 2020-05-01 to 2021-04-30
- Filed
- 2021-09-13
- IRS object ID
- 202122569349100802
- Schema version
- 2020v4.1
- 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
- Schedule B
- Accounting Fees Schedule
- Distribution From Corpus Election
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-09-13T10:24:29-05:00 | ReturnTs |
| Tax Period End | 2021-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 N 31st St Ste 1120 | AddressLine1Txt |
| City | Billings | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 591011281 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 816075761 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charles M Bair Family Trust | BusinessNameLine1Txt |
| Business Name Line2 | C/O US Bank | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAR | BusinessNameControlTxt |
| Phone | 4066578139 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 N Broadway | AddressLine1Txt |
| City | Billings | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Carolyn O'Malley | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 4066578139 | PhoneNum |
| Signature | 2021-09-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Carolyn | PersonFirstNm |
| Person Last | OMalley | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeremy G Hauk CPA | PreparerPersonNm |
| PTIN | P00626792 | PTIN |
| Phone | 4068962400 | PhoneNum |
| Preparation | 2021-09-10 | PreparationDt |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $26,981,558 | 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 | $900,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $24,737 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24,737 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $258,322 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $258,322 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,776,839 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,585,892 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,776,839 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $25,427 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $20,382 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,985,325 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,080,280 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $400 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $200 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $200 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $205,917 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $205,917 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $4,734 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $4,734 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $16,121 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $16,121 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $219,135 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $54,724 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $164,411 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $135,446 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,855 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $118,215 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $454,408 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $454,408 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $150 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $150 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,434 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,434 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,040,745 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $58,779 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $968,590 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $924,290 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $924,290 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,965,035 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $58,779 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,892,880 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,020,290 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,021,501 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $114,291 | CashBOYAmt |
| Cash EOY | $151,117 | CashEOYAmt |
| Cash EOYFMV | $151,117 | CashEOYFMVAmt |
| US Government Obligations BOY | $4,804,113 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $3,391,935 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,411,940 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $5,921,354 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,471,723 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,608,641 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,422,499 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $3,422,498 | LandBOYAmt |
| Land EOY | $3,422,499 | LandEOYAmt |
| Land EOYFMV | $3,660,215 | LandEOYFMVAmt |
| Other Assets BOY | $18,583,474 | OtherAssetsBOYAmt |
| Other Assets EOY | $18,428,746 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $7,149,645 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $32,845,730 | TotalAssetsBOYAmt |
| Total Assets EOY | $33,866,020 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $26,981,558 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $32,845,730 | CapitalStockBOYAmt |
| Capital Stock EOY | $33,866,020 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $32,845,730 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $33,866,020 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $32,845,730 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $33,866,020 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $32,845,730 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,020,290 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $33,866,020 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $33,866,020 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Publicly Traded Securities | P | 2020-05-01 | 2021-04-30 | $4,038,284 | $3,795,632 | $242,652 | $242,652 |
| Publicly Traded Securities | P | 2008-11-04 | 2021-04-30 | $5,521,951 | $4,013,421 | $1,508,530 | $1,508,530 |
| Capital Gains Dividends | P | $25,657 | $25,657 | $25,657 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,776,839 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $28,099 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $28,099 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $28,099 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $11,240 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $11,240 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $16,859 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MT | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | www.charlesmbairtrusts.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US Bank | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4066578139 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 N Broadway | AddressLine1Txt |
| City | Billings | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| Gerry Fagan Moulton Bellingham | ||||||||
| PO Box 2559 | Billings | MT | 59103 | Chairman | 15.00 | $0 | $0 | $0 |
| Bill Davies US Bank | ||||||||
| 303 N Broadway | Billings | MT | 59101 | Vice Chairman | 15.00 | $0 | $0 | $0 |
| James Day US Bank | ||||||||
| 303 N Broadway | Billings | MT | 59101 | Secretary | 15.00 | $0 | $0 | $0 |
| Valeria Jeffries thru Feb 2021 | ||||||||
| 5849 Frey Road | Shepherd | MT | 59079 | At Large Member - Yellowstone County | 15.00 | $200 | $0 | $0 |
| Dave Voldseth thru Feb 2021 | ||||||||
| 256 Bonanza Creek Road | Martinsdale | MT | 59053 | At Large Member - Meagher County | 15.00 | $200 | $0 | $0 |
| Kelly Coleman from March 2021 | ||||||||
| 1333 Riviera Place | Billings | MT | 59106 | At Large Member - Yellowstone County | 15.00 | $0 | $0 | $0 |
| Burt Hurwitz from March 2021 | ||||||||
| 1486 Smith River Rd | White Sulphur Springs | MT | 59645 | At Large Member - Meagher County | 15.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US Bank | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 N Broadway | AddressLine1Txt |
| City | Billings | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Trustee Services | ServiceTypeTxt |
| Compensation | $212,985 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $15,193,836 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $499,226 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,693,062 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $14,486,187 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,693,062 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $235,396 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,457,666 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $772,883 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $772,883 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $28,099 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $28,099 | TotalTaxAmt |
| Distributable Before Adj | $744,784 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $744,784 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $744,784 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,892,880 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,892,880 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,892,880 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $744,784 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $720,983 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,892,880 | QualifyingDistributionsAmt |
| Applied To Year1 | $720,983 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $1,131,417 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $40,480 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,131,417 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $704,304 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $1,131,417 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Penny Doak | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 N Broadway | AddressLine1Txt |
| City | Billings | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4066578139 | RecipientPhoneNum |
| Recipient Email Address | penny.doak@usbank.com | RecipientEmailAddressTxt |
| Form And Info And Materials | Applicants must use the grant application found on the the website at charlesmbairtrusts.org/grants.html, noting any new provisions for the year. Additionally, the application must include an IRS Determination Letter, Form 990 or 990EZ, current operating budget and balance sheet, the county of service, a separate thorough project explanation, and certification of public charity status. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | March 1st | SubmissionDeadlinesTxt |
| Restrictions On Awards | Please refer to the application found at www.charlesmbairtrusts.org/grants.html for restrictions and limitations on awards. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Alberta Bair Theater | |||||||
| PO Box 1556 | Billings | MT | 59103 | None | PC | Grant for the remodel of the ABT. | $500,000 |
| Alberta Bair Theater | |||||||
| PO Box 1556 | Billings | MT | 59103 | NONE | PC | Grant for Expanding Cultural Borders. | $20,000 |
| Big Sky Economic Development | |||||||
| 222 N 32nd Street | Billings | MT | 59101 | None | PC | Grant for Pitch Space. | $6,040 |
| Billings Catholic Schools | |||||||
| PO Box 31158 | Billings | MT | 59107 | None | PC | Grant for elevator installation. | $25,000 |
| Billings Clinic Foundation | |||||||
| 2917 10th Ave North | Billings | MT | 59101 | None | PC | Grant for outpatient pediatric therapy program. | $26,000 |
| Billings Cultural Partners | |||||||
| 622 North 29th Street | Billings | MT | 59101 | none | PC | Grant for bookfest. | $4,000 |
| Billings Studio Theatre | |||||||
| 1500 Rimrock Road | Billings | MT | 59102 | none | PC | Grant for large theatrical curtains. | $5,500 |
| Billings Symphony | |||||||
| 2721 2nd Avenue North Suite 350 | Billings | MT | 59101 | None | PC | Education & outreach for explore music program. | $10,000 |
| Boys and Girls Club of Billings and Yellowstone County | |||||||
| 505 Orchard Lane | Billings | MT | 59107 | None | PC | Grant for 15 passenger van. | $13,750 |
| Cine Billings | |||||||
| 109 North 30th Street | Billings | MT | 59101 | NONE | PC | Grant for theater expansion. | $10,000 |
| City County Preservation Committee | |||||||
| PO Box 8 | Harlowton | MT | 59036 | None | PC | Grant for new hvac system for 2 rooms. | $10,000 |
| City of Harlowton | |||||||
| PO Box 292 | Harlowton | MT | 59036 | None | PC | Grant for city pool revitalization. | $25,000 |
| City of White Sulphur Springs | |||||||
| PO Box 358 | White Sulphur Springs | MT | 59645 | None | PC | Grant for McStravick Park project. | $12,500 |
| City of White Sulphur Springs | |||||||
| PO Box 358 | White Sulphur Springs | MT | 59645 | None | PC | Grant for jaws of life. | $10,000 |
| Education Foundation of Billings Schools | |||||||
| 415 N 30th St | Billings | MT | 59101 | NONE | PC | Grant for summer literacy program. | $2,000 |
| Family Services Inc | |||||||
| PO Box 1020 | Billings | MT | 59103 | none | PC | Grant for families stability. | $10,000 |
| Girl Scouts of Montana and Wyoming | |||||||
| 2303 Grand Avenue | Billings | MT | 59102 | None | PC | Grant for mobile stem learning center. | $7,500 |
| Living Independently Today and Tomorrow Lift | |||||||
| 1201 Grand Avenue Suite 1 | Billings | MT | 59102 | None | PC | Grant for software for ADA accessibility. | $10,000 |
| Meagher County Senior Center | |||||||
| PO Box 682 | White Sulphur Springs | MT | 59645 | None | PC | Grant for new roof on facility. | $10,000 |
| Meagher County | |||||||
| PO Box 309 | White Sulphur Springs | MT | 59645 | None | PC | Grant for DES mobile emergency center. | $30,000 |
| Meagher County | |||||||
| PO Box 309 | White Sulphur Springs | MT | 59645 | none | PC | Grant for immunization program. | $8,000 |
| Mountainview Medical Center Inc | |||||||
| PO Box Q | White Sulphur Springs | MT | 596450817 | None | PC | Grant for nursing equipment. | $5,000 |
| MSU Billings Foundation | |||||||
| 1500 University Dr | Billings | MT | 59101 | none | PC | Grant for neurodiversity institute. | $10,000 |
| Red Ants Pants Foundation | |||||||
| PO Box 637 | White Sulphur Springs | MT | 59645 | None | PC | Grant for girls leadership program. | $6,500 |
| Riverstone Health Foundation | |||||||
| 123 S 27th St | Billings | MT | 59101 | none | PC | Grant for weight management program. | $10,000 |
| St John's Lutheran Ministries | |||||||
| 3940 Rimrock Road | Billings | MT | 59102 | None | PC | Grant for Lillis Chapel AV upgrade. | $7,500 |
| St Vincent Healthcare Foundation | |||||||
| 1106 North 30th | Billings | MT | 59101 | None | PC | Grant for pediatric specialty clinic. | $25,000 |
| Town of Judith Gap | |||||||
| PO Box 157 | Judith Gap | MT | 59453 | none | PC | Grant for storage facility interior improvements. | $10,000 |
| Wheatland Memorial Healthcare | |||||||
| PO Box 287 | Harlowton | MT | 590360287 | none | PC | Grant for physical therapy outpatient clinic. | $35,000 |
| Yellowstone Art Museum | |||||||
| 401 North 27th Street | Billings | MT | 59101 | None | PC | Grant for exhibitions and facility maintenance. | $20,000 |
| Yellowstone Boys and Girls Ranch | |||||||
| 1732 South 72nd St W | Billings | MT | 59105 | None | PC | Grant for replacement of builders. | $15,000 |
| Yellowstone Casa Inc | |||||||
| PO Box 688 | Billings | MT | 59103 | None | PC | Grant for foster children program support. | $5,000 |
| YMCA of Billings | |||||||
| 402 North 32nd St | Billings | MT | 59101 | none | PC | Grant for summer camp. | $7,500 |
| YWCA of Billings | |||||||
| 909 Wyoming Ave | Billings | MT | 59101 | none | PC | Grant to expand shelter capacity. | $2,500 |
| Zoo Montana | |||||||
| 2100 South Shiloh Road | Billings | MT | 59106 | none | PC | Grant for zoo pavilion enclosure. | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $924,290 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|
| Museum Admissions & Memberships | $5,045 | ||
| Gift Shop Sales | 41 | $3,827 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24,737 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $258,322 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,776,839 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| Royalty Income | 15 | $70 |
| Other Income | 03 | $16,485 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,080,280 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,045 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,085,325 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1b | LineNumberTxt |
| Relationship Statement | Revenue from admissions and memberships to the museum. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bair Ranch Foundation | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | US Bank Trust PO Box 30678 | AddressLine1Txt |
| City | Billings | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 591150678 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $900,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | CategoryTxt |
| Amt | $16,121 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $16,121 | DisbursementsCharitablePrpsAmt |
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | SECTION 4942(h)(2)ELECTION AS TO THE TREATMENT OF QUALIFYING DISTRIBUTIONS: Pursuant to IRC Section 4942(h)(2) and Regulation 53.4942(a)-3(d)(2), the Charles M. Bair Family Trust hereby elects to treat $1,131,417 of current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of corpus for the following tax years: Remaining 2019 tax year passthrough funds 231,417 Current 2020 tax year passthrough funds 900,000 Total 1,131,417 | ElectionDesc |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (58 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Abbott Laboratories | $57,070 | $82,975 |
| Alphabet Inc Cl A | $9,325 | $120,029 |
| Amazon Com Inc | $74,370 | $270,459 |
| Amgen Inc | $57,313 | $67,579 |
| Apple Inc | $3,250 | $334,171 |
| At T Inc | $86,462 | $84,053 |
| Bank of America Corp | $31,332 | $106,472 |
| Blackrock Inc | $45,761 | $90,942 |
| Cisco Systems Inc | $47,754 | $99,682 |
| Cme Group Inc | $58,279 | $59,385 |
| Columbia Dividend Inc Fund Instl | $669,573 | $826,575 |
| Comcast Corp Class A | $59,248 | $75,690 |
| Costco Whsl Corp | $36,982 | $86,697 |
| Ecolab Inc | $41,597 | $48,858 |
| Electronic Arts Inc | $10,877 | $16,908 |
| Facebook Inc Class A | $52,155 | $123,205 |
| Gilead Sciences Inc | $46,624 | $45,698 |
| Home Depot Inc | $63,725 | $78,328 |
| Honeywell International Inc | $81,083 | $113,973 |
| Intel Corp | $3,438 | $43,953 |
| Ishares Core S P 500 Etf | $378,937 | $529,464 |
| Ishares Russell 1000 Growth | $244,289 | $356,623 |
| J P Morgan Chase Co | $32,809 | $144,581 |
| Johnson Johnson | $21,250 | $81,202 |
| Marathon Petroleum Corp | $83,339 | $102,619 |
| Mastercard Inc | $10,620 | $178,040 |
| McDonalds Corp | $9,724 | $43,203 |
| Microsoft Corp | $3,335 | $318,503 |
| Nike Inc | $6,121 | $38,858 |
| Paypal Holdings Inc | $40,079 | $75,015 |
| Pepsico Inc | $22,505 | $75,540 |
| Pfizer Inc | $52,156 | $75,174 |
| Roper Inds Inc | $58,774 | $68,305 |
| Salesforce Com Inc | $97,172 | $110,554 |
| Schwab Charles Corp | $49,957 | $121,229 |
| Starbucks Corp | $6,147 | $43,850 |
| Target Corp | $37,908 | $74,406 |
| Texas Instruments Inc | $39,907 | $63,540 |
| Unitedhealth Group Inc | $37,345 | $74,576 |
| Vanguard Growth Index Fund | $253,050 | $358,627 |
| Walmart Inc | $17,686 | $74,712 |
| Walt Disney Co The | $5,337 | $33,670 |
| 3M Co | $51,436 | $102,907 |
| Albemarle Corp | $27,493 | $72,313 |
| Cabot Oil Gas Corp Cl A | $44,069 | $39,541 |
| Ishares Russell Mid Cap | $1,016,655 | $1,366,044 |
| Ishares Russell Mid Cap Value | $263,631 | $316,711 |
| Stephens Mid Cap Growth R5 | $557,756 | $712,851 |
| Teladoc Inc | $70,409 | $58,427 |
| Vanguard Midcap Value Index Admiral | $310,347 | $389,307 |
| Ishares Russell 2000 | $658,385 | $842,888 |
| Chubb Ltd | $24,660 | $44,099 |
| Clearbridge International Growth | $469,826 | $552,450 |
| Ishares Core Msci Eafe | $597,940 | $748,525 |
| Ishares Msci Eafe Value | $475,743 | $508,729 |
| Linde Plc | $30,820 | $32,872 |
| Medtronic Plc | $41,139 | $72,791 |
| Ishares Core Msci Emerging Mkts | $786,749 | $930,263 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,391,935 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,411,940 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (11 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Real Estate & Other Assets | $18,583,474 | ||
| American Tower Corp | $55,075 | $115,920 | |
| Ishares Core US Reit | $182,087 | $190,867 | |
| Nuveen Real Estate Secs I | $139,692 | $185,402 | |
| Schwab US Reit | $163,059 | $181,156 | |
| Collectible Good - American Indian Art | $303,278 | $535,675 | |
| Collectible Good - Furniture and Decorations | $557,319 | $588,415 | |
| Collectible Good - Paintings and Watercolors | $1,815,142 | $4,816,200 | |
| Collectible Good - Photogravures Prints and Books | $442,956 | $37,500 | |
| Collectible Good - Silver and Silver Plate | $283,951 | $498,510 | |
| Bair Ranch Foundation | $14,486,187 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Advertising | $3,341 | $0 | $3,341 |
| Other Museum Expenses | $1,093 | $0 | $1,093 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Museum Admissions & Memberships | $5,045 | $5,045 | |
| Gift Shop Sales | $3,827 | $3,827 | $3,827 |
| Royalty Income | $70 | $70 | $70 |
| Other Income | $16,485 | $16,485 | $16,485 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Trustee Fees - US Bank | $212,985 | $53,286 | $159,699 |
| Trustee Fees - Moulton Bellingham | $6,150 | $1,438 | $4,712 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | The Charles M. Bair Family Trust has a membership interest in another private foundation, The Bair Ranch Foundation. The Bair Ranch Foundation makes annual distributions based on the value of its assets. The contributions made to the Charles M. Bair Family Trust from the Bair Ranch Foundation are treated as pass through contributions. Accordingly, the value of the membership interest is not included as it is considered an exempt asset and to include the value here would result in duplication.As to the value of the membership interests, book value has been utilized throughout this Return of the Private Foundation. The membership interest is not transferrable or sellable and these restrictions create a situation whereby the true value is not easily determinable. Since it is an exempt asset the value is not a significant issue. Accordingly, book value has been used. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Foreign Taxes | $3,855 | $3,855 | $0 |
| Payroll Taxes | $118,215 | $0 | $118,215 |
| Federal Excise Tax | $13,376 | $0 | $0 |