KULAS FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- KULAS FOUNDATION (EIN 34-0770687)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202023219349103162
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T11:27:07-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32125 SOLON ROAD STE 200 | AddressLine1Txt |
| City | SOLON | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44139 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | 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 | % RICHARD J CLARK | 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 | RICHARD J CLARK | PersonNm |
| Person Title | VICE PRESIDENT | PersonTitleTxt |
| Phone | 2166234770 | PhoneNum |
| Signature | 2020-06-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jacob Cook | PreparerPersonNm |
| PTIN | P01240455 | PTIN |
| Phone | 4402488787 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 173.89.216.123 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 34986820203215000003 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-16 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 9EE6BA3614D052CB7E7360874FFC65FAE3D1ADD6 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A1EEB64FDF6F48C4FCD3E72704208A60224B91BD | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $44,017,266 | 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 | $1,317,585 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,317,585 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,024,975 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,290,041 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,024,975 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,837 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,837 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,345,397 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,345,397 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $346,848 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $28,400 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $318,448 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,601 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,601 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $69,689 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $34,845 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $34,844 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $121,711 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $100,717 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $20,994 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $36,329 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $100 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $169,231 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $169,231 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $10,780 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $10,780 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $757,189 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $164,062 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $556,898 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,429,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,429,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,186,189 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $164,062 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,985,898 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,159,208 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,181,335 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $238,171 | CashBOYAmt |
| Cash EOY | $163,980 | CashEOYAmt |
| Cash EOYFMV | $163,980 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $199,217 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $555,401 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $555,401 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses EOY | $73,021 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $73,021 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $28,810,538 | CorporateStockBOYAmt |
| Corporate Stock EOY | $32,944,035 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $32,944,035 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $7,675,274 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $8,029,306 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $8,029,306 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,001,380 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,230,660 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,230,660 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $23,082 | OtherAssetsBOYAmt |
| Other Assets EOY | $20,863 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $20,863 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $37,947,662 | TotalAssetsBOYAmt |
| Total Assets EOY | $44,017,266 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $44,017,266 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $22,404 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $0 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $22,404 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $37,925,258 | CapitalStockBOYAmt |
| Capital Stock EOY | $44,017,266 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $37,925,258 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $44,017,266 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $37,947,662 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $44,017,266 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $37,925,258 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,159,208 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,932,800 | OtherIncreasesAmt |
| Subtotal | $44,017,266 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $44,017,266 | 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 | $11,290,041 | GrossSalesPriceAmt |
| Cost Or Other Basis | $8,265,066 | CostOrOtherBasisAmt |
| Gain Or Loss | $3,024,975 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $3,024,975 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,024,975 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,892,265 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $41,566,441 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.045524 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,231,609 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $36,484,113 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.061167 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,963,157 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $37,565,331 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05226 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,431,006 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $39,504,191 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.061538 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,427,659 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $40,519,405 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.059913 | DistributionYr5Rt |
| Total Distribution | 0.280402 | TotalDistributionRt |
| Average Distribution | 0.05608 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $40,409,669 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,266,174 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $41,813 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,307,987 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,985,898 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $83,627 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $83,627 | SubtotalAmt |
| Tax Based On Investment Income | $83,627 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $156,648 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $166,648 | TotalPaymentsAndCreditsAmt |
| Overpayment | $83,021 | OverpaymentAmt |
| Applied To ES Tax | $83,021 | 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 | RICHARD J CLARK | 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 (5 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 | 1.0 | $14,000 | $0 | $0 |
| RICHARD J CLARK | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT AND SECRETARY | 20.0 | $125,688 | $0 | $0 |
| NANCY W MCCANN | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | PRESIDENT AND TREASURER | 20.0 | $179,160 | $0 | $0 |
| CHRISTOPHER M KELLY | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT | 1.0 | $14,000 | $0 | $0 |
| HEATHER LENNOX | ||||||||
| 1660 WEST 2ND ST SUITE 800 | CLEVELAND | OH | 441131461 | VICE PRESIDENT | 1.0 | $14,000 | $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 | $38,702,536 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $91,849 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,230,660 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $41,025,045 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $41,025,045 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $615,376 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,409,669 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,020,483 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,020,483 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $83,627 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $83,627 | TotalTaxAmt |
| Distributable Before Adj | $1,936,856 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,936,856 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,936,856 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,985,898 | 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 | $1,985,898 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,985,898 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,936,856 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $464,875 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $519,391 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $110,468 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $492,837 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,587,571 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,985,898 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,936,856 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $49,042 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,636,613 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $464,875 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,171,738 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $519,391 | ExcessFromYear4Amt |
| Excess From Year3 | $110,468 | ExcessFromYear3Amt |
| Excess From Year2 | $492,837 | ExcessFromYear2Amt |
| Excess From Current Year | $49,042 | ExcessFromCurrentYearAmt |
| 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 (56 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 RD | CLEVELAND HEIGHTS | OH | 44118 | none | PC | programmatic support | $20,000 |
| Arts Cleveland | |||||||
| 1900 SUPERIOR AVE E SUITE 130 | CLEVELAND | OH | 44114 | none | PC | programmatic support | $50,000 |
| Baldwin Wallace University | |||||||
| 275 EASTLAND RD | BEREA | OH | 44017 | none | PC | programmatic support | $41,500 |
| Beck Center for the Arts | |||||||
| 17801 DETROIT AVE | LAKEWOOD | OH | 44107 | none | PC | programmatic support | $18,000 |
| Borromeo Seminary | |||||||
| 28700 DUCLID AVE | WICKLIFFE | OH | 44092 | none | PC | programmatic support | $125 |
| Case Western Reserve University | |||||||
| 10900 EUCLID AVE | CLEVELAND | OH | 44106 | none | PC | programmatic support | $148,500 |
| Center for Arts-Inspired Learning | |||||||
| 10917 MAGNOLIA DRIVE | CLEVELAND | OH | 44106 | none | PC | programmatic support | $5,000 |
| Childrens Hospital Med Ctr Of Akron | |||||||
| 1 PERKINS SQ | AKRON | OH | 44308 | none | PC | programmatic support | $40,000 |
| CityMusic Cleveland | |||||||
| PO BOX 1930 | CLEVELAND | OH | 44106 | none | PC | programmatic support | $2,000 |
| Cleveland Ballet | |||||||
| 23030 MILES ROAD | CLEVELAND HEIGHTS | OH | 44128 | none | PC | programmatic support | $30,000 |
| Cleveland Clinic Foundation | |||||||
| 6801 BRECKSVILLE RD RK1-85 | INDEPENDENCE | OH | 44131 | none | PC | programmatic support | $13,000 |
| Cleveland Council on World Affairs | |||||||
| 812 HURON ROAD NO 620 | CLEVELAND | OH | 44115 | none | PC | programmatic support | $10,000 |
| Cleveland Hearing & Speech Center | |||||||
| 11635 EUCLID AVE | CLEVELAND | OH | 441064319 | none | PC | programmatic support | $10,000 |
| Cleveland Institute of Art | |||||||
| 11141 EAST BLVD | CLEVELAND | OH | 44106 | none | PC | programmatic support | $1,500 |
| Cleveland Institute of Music | |||||||
| 11021 EAST BLVD | CLEVELAND | OH | 44106 | none | PC | programmatic support | $185,000 |
| Cleveland International Film Festival | |||||||
| 2510 MARKET AVE | CLEVELAND | OH | 441133434 | none | PC | programmatic support | $20,000 |
| Cleveland Jazz Orchestra | |||||||
| 29400 S WOODLAND ROAD | PEPPER PIKE | OH | 44124 | none | PC | programmatic support | $5,000 |
| Cleveland Music School Settlement | |||||||
| 11125 MAGNOLIA DR | CLEVELAND | OH | 44106 | none | PC | programmatic support | $27,000 |
| Cleveland Opera Theater | |||||||
| 5000 EUCLID AVENUE 1001 | CLEVELAND | OH | 44103 | none | PC | programmatic support | $5,000 |
| Cleveland Pops Orchestra | |||||||
| 24000 MERCANTILE RD UNIT 8 | BEACHWOOD | OH | 44122 | none | PC | programmatic support | $10,000 |
| Cleveland Public Theater Inc | |||||||
| 6415 DETROIT ROAD | CLEVELAND | OH | 44102 | none | PC | programmatic support | $10,000 |
| Cleveland Rape Crisis Center | |||||||
| 526 SUPERIOR AVE | CLEVELAND | OH | 44114 | none | PC | programmatic support | $5,000 |
| Cleveland School of the Arts Board of Trustees | |||||||
| PO BOX 18265 | CLEVELAND | OH | 441180265 | none | PC | programmatic support | $10,000 |
| Cleveland State University Foundation | |||||||
| 2121 EUCLID AVE | CLEVELAND | OH | 44115 | none | PC | programmatic support | $11,000 |
| Contemporary Youth Orchestra | |||||||
| 2900 COMMUNITY COLLEGE AVENUE MCCA | CLEVELAND | OH | 44115 | none | PC | programmatic support | $4,000 |
| Cuyahoga Community College Foundation | |||||||
| 2900 COMMUNITY COLLEGE AVENUE | CLEVELAND | OH | 44114 | none | PC | programmatic support | $21,500 |
| Friends of Breakthrough Schools | |||||||
| 3615 SUPERIOR AVE 3103A | CLEVELAND | OH | 44114 | none | PC | programmatic support | $25,000 |
| Great Lakes Theater Festival | |||||||
| 1501 EUCLID AVE STE 300 | CLEVELAND | OH | 44115 | none | PC | programmatic support | $30,000 |
| Greater Akron Musical Association | |||||||
| 92 NORTH MAIN STREET | AKRON | OH | 44308 | none | PC | programmatic support | $5,000 |
| GroundWorks Dance Theater | |||||||
| 13125 SHAKER SQUARE | CLEVELAND | OH | 44115 | none | PC | programmatic support | $22,000 |
| Group Plan Commission | |||||||
| 1240 HURON ROAD SUITE 300 | CLEVELAND | OH | 44114 | none | PC | programmatic support | $50,000 |
| Hiram College | |||||||
| 11715 GARFIELD ROAD | HIRAM | OH | 44234 | none | PC | programmatic support | $750 |
| Ideastream | |||||||
| 1375 EUCLID AVENUE | CLEVELAND | OH | 44115 | none | PC | programmatic support | $20,000 |
| John Carroll University | |||||||
| 1 JOHN CARROLL BLVD | UNIVERSITY HEIGHTS | OH | 44118 | none | PC | programmatic support | $4,000 |
| Julie Billiart School | |||||||
| 4982 CLUBSIDE ROAD | LYNDHURST | OH | 44124 | none | PC | programmatic support | $10,000 |
| Kent State University Foundation | |||||||
| 800 E SUMMIT ST | KENT | OH | 44240 | none | PC | programmatic support | $17,000 |
| Lake Erie College | |||||||
| 391 W WASHINGTON ST | PAINESVILLE | OH | 44077 | none | PC | programmatic support | $1,200 |
| Northeast Ohio Council Higher Education | |||||||
| 6000 ROCKSIDE WOODS BLVD NO 325 | INDEPENDENCE | OH | 44131 | none | PC | programmatic support | $15,000 |
| Near West Theatre | |||||||
| 6702 DETROIT AVENUE | CLEVELAND | OH | 44102 | none | PC | programmatic support | $20,000 |
| Notre Dame College | |||||||
| 4545 COLLEGE RD | SOUTH EUCLID | OH | 44121 | none | PC | programmatic support | $1,000 |
| Oberlin College | |||||||
| 173 W LORAIN ST | OBERLIN | OH | 44074 | none | PC | programmatic support | $3,500 |
| Philanthropy Ohio | |||||||
| 173 W LORAIN ST | OBERLIN | OH | 44074 | none | PC | programmatic support | $20,000 |
| Playhouse Square Foundation | |||||||
| 1501 EUCLID AVE NO 200 | CLEVELAND | OH | 44115 | none | PC | programmatic support | $30,000 |
| PM Foundation | |||||||
| 4909 LORAIN AVE | CLEVELAND | OH | 44102 | none | PC | programmatic support | $500 |
| Professional Flair | |||||||
| 3030 EUCLID AVE SUITE 100 | CLEVELAND | OH | 44115 | none | PC | programmatic support | $5,000 |
| Rock & Roll Hall of Fame & Museum | |||||||
| 1100 EAST 9TH STREET | CLEVELAND | OH | 44114 | none | PC | programmatic support | $10,000 |
| The City Mission | |||||||
| 5310 CARNEGIE AVE | CLEVELAND | OH | 44103 | none | PC | programmatic support | $17,500 |
| The Musical Arts Association | |||||||
| 11001 EUCLID AVE | CLEVELAND | OH | 44106 | none | PC | programmatic support | $240,000 |
| The Musical Theater Project | |||||||
| 5755 GRANGER ROAD STE 830 | INDEPENDENCE | OH | 44131 | none | PC | programmatic support | $15,000 |
| The Salvation Army of Greater Cleveland | |||||||
| 2507 E 22ND ST | CLEVELAND | OH | 44115 | none | PC | programmatic support | $33,000 |
| Trinity Cathedral | |||||||
| 2230 EUCLID AVE | CLEVELAND | OH | 44115 | none | PC | programmatic support | $25,000 |
| Tuesday Musical | |||||||
| 1041 W MARKET ST NO 200 | AKRON | OH | 443137103 | none | PC | programmatic support | $10,000 |
| United Way of Greater Cleveland | |||||||
| 1331 EUCLID AVENUE | CLEVELAND | OH | 441151854 | none | PC | programmatic support | $62,000 |
| University Circle Incorporated | |||||||
| 10831 MAGNOLIA DRIVE | CLEVELAND | OH | 44106 | none | PC | programmatic support | $7,500 |
| University of Akron Foundation | |||||||
| 302 E BUCHTEL AVE | AKRON | OH | 44325 | none | PC | programmatic support | $25,000 |
| Ursuline College | |||||||
| 2550 LANDER RD | PEPPER PIKE | OH | 44124 | none | PC | programmatic support | $925 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,429,000 | 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 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,317,585 | 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 Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $2,837 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,024,975 | 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 | $4,345,397 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,345,397 | 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 | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BDO USA, LLP | $34,242 | $17,121 | $17,121 |
| LOU GRASSO | $35,447 | $17,724 | $17,723 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | PNC INTERMEDIATE BOND FUND | BondNm |
| EOY Book Value | $8,029,306 | EOYBookValueAmt |
| EOYFMV | $8,029,306 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CORP. STOCKS - PNC FUNDS | $29,238,670 | $29,238,670 |
| CORP. STOCKS - COLUMBUS MIDCAP | $1,499,955 | $1,499,955 |
| MUTUAL FUNDS | $2,205,410 | $2,205,410 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| WHITE OAK INVESTMENTS | FMV | $955,499 | $955,499 |
| TIFF PARTNERSHIP III | FMV | $8,044 | $8,044 |
| TIFF PARTNERSHIP IV | FMV | $9,918 | $9,918 |
| TIFF PRIVATE EQUITY PARTNERS | FMV | $47,973 | $47,973 |
| TIFF REALTY AND RESOURCES III | FMV | $126,235 | $126,235 |
| BLACK DIAMOND | FMV | $1,082,991 | $1,082,991 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BAKER & HOSTETLER LLP | CategoryTxt |
| Legal Fees | $2,601 | LegalFeesAmt |
| Disbursements Charitable Prps | $2,601 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INCOME | Desc |
| BOY Book Value | $23,082 | BOYBookValueAmt |
| EOY Book Value | $20,863 | EOYBookValueAmt |
| EOYFMV | $20,863 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| POSTAGE AND SUPPLIES | $812 | $812 |
| OHIO FILING FEE | $200 | $200 |
| DUES & MEMBERSHIPS | $8,800 | $8,800 |
| MUSIC THERAPY BOOK | $893 | $893 |
| MISCELLANEOUS | $75 | $75 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LITIGATION SETTLEMENTS | Desc |
| Revenue And Expenses Per Books | $2,837 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $2,837 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN | Desc |
| Amt | $3,932,800 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (8 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TIFF | $9,346 | $9,346 | |
| CLEARSTEAD | $40,000 | $40,000 | |
| NCB FUNDS | $17,118 | $17,118 | |
| DEFORIA LANE | $11,700 | $11,700 | |
| LOUISE STEELE | $9,294 | $9,294 | |
| COLUMBUS MID-CAP | $11,572 | $11,572 | |
| WHITE OAK | $14,599 | $14,599 | |
| BLACK DIAMOND | $8,082 | $8,082 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL EXCISE TAX | $36,229 | |
| FOREIGN TAXES | $100 | $100 |