STRATEGY STUDIO / PUBLIC DATA EXPLORER

BU FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BU FAMILY FOUNDATION (EIN 27-4034436)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-08-27
IRS object ID
202042409349100404
Schema version
2019v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-08-27T10:28:17-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274034436EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bu Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% John BuInCareOfNm
Business Name ControlBUFABusinessNameControlTxt
Phone9733766261PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1322 Hartshorn DrAddressLine1Txt
CityShort HillsCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07078ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN BUPersonNm
Person TitleTrusteePersonTitleTxt
Phone9733766261PhoneNum
Signature2020-08-27SignatureDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.91.218.62IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id21010520202400918959FederalOriginalSubmissionId
Federal Original Submission Id2020-08-27FederalOriginalSubmissionIdDt
Filing License TypeOFilingLicenseTypeCd
At Submission Creation Device Id83A3CBF4B8B43D2FAFA054220BE9C035BFBF346AAtSubmissionCreationDeviceId
At Submission Filing Device Id83A3CBF4B8B43D2FAFA054220BE9C035BFBF346AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-02-16 14:24:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$676,296FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$740ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$15,438DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,438DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$0NetGainSaleAstRevAndExpnssAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$16,178TotalRevAndExpnssAmt
Total Net Invst Incm$15,438TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$140TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$140TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$35,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$35,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$35,740TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,562ExcessRevenueOverExpensesAmt
Net Investment Income$15,438NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$695,858SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$676,296SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$676,296SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
US Government Obligations EOY$0USGovernmentObligationsEOYAmt
Corporate Stock EOY$0CorporateStockEOYAmt
Corporate Bonds EOY$0CorporateBondsEOYAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$695,858TotalAssetsBOYAmt
Total Assets EOY$676,296TotalAssetsEOYAmt
Total Assets EOYFMV$676,296TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$695,858RetainedEarningBOYAmt
Retained Earning EOY$676,296RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$695,858TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$676,296TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$695,858TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$676,296TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$695,858TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,562ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$676,296SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$676,296TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$37,110AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$711,588NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.052151DistributionYr1Rt
Adjusted Qlfy Distri Yr2$38,424AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$738,994NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.051995DistributionYr2Rt
Adjusted Qlfy Distri Yr3$40,462AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$770,183NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.052536DistributionYr3Rt
Adjusted Qlfy Distri Yr4$39,996AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$808,406NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.049475DistributionYr4Rt
Adjusted Qlfy Distri Yr5$43,499AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$853,115NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.050988DistributionYr5Rt
Total Distribution0.257145TotalDistributionRt
Average Distribution0.051429AverageDistributionRt
Net Vl Noncharitable Assets$688,163NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$35,392AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$154NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$35,546AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$35,600QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$154InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$154SubtotalAmt
Tax Based On Investment Income$154TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$154ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$154TotalPaymentsAndCreditsAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Jennifer BuBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9733766261PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1c/o 322 Hartshorn DrAddressLine1Txt
CityShort HillsCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07078ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JOHN BU
c/o 322 Hartshorn DrShort HillsNJ07078Trustee1.000$0
JENNIFER BU
c/o 322 Hartshorn DrShort HillsNJ07078Trustee1.000$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
JOHN BU
c/o 322 Hartshorn DrShort HillsNJ07078Trustee as needed$0
JENNIFER BU
c/o 322 Hartshorn DrShort HillsNJ07078Trustee as needed$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Please note The foundation is not involved in any direct charitable activities Its primary purpose is to support other charitable organizations exempt under IRS Sec 501c3Description1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Description2NONEDescription2Txt
All Other Program Rltd Invst Tot$0AllOtherProgramRltdInvstTotAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$698,643AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$698,643TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$698,643AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,480CashDeemedCharitableAmt
Net Vl Noncharitable Assets$688,163NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,408MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,408MinimumInvestmentReturnAmt
Tax Based On Investment Income$154TaxBasedOnInvestmentIncomeAmt
Total Tax$154TotalTaxAmt
Distributable Before Adj$34,254DistributableBeforeAdjAmt
Distributable Before Ded$34,254DistributableBeforeDedAmt
Distributable As Adjusted$34,254DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,600ExpensesAndContributionsAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$35,600QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$154PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$35,446AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,254DistributableAsAdjustedAmt
Undistributed Income PY$34,933UndistributedIncomePYAmt
Qualifying Distributions$35,600QualifyingDistributionsAmt
Applied To Year1$34,933AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$667AppliedToCurrentYearAmt
Undistributed Income CY$33,587UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOHN BUContributingManagerNm
Contributing ManagerJENNIFER BUContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Vanguard Charitable Endowment Program
95 Wells Ave Suite 155Newton CenterMA02459NonePCGeneral Charitable Purposes$37,000
Redeemer Church Lincoln
1166 Avenue of AmericasNew YorkNY10036NonePCGeneral Charitable Purposes$220
Reedemer Church West
150 West 83dNew YorkNY10036NonePCGeneral Charitable Purposes$200
Renaissance Church
Summit Opera HouseSummitNJ07901NonePCGeneral Charitable Purposes$180
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$37,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,438ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,438ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,438TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4All income producing activity was solely to provide funds
4for the foundations exempt purposes

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

Short ExplanationShortExplanationTxt
JOHN BU
Service provided gratis as needed
JENNIFER BU
Service provided gratis as needed

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

Short ExplanationShortExplanationTxt
JOHN BU
No compensation
JENNIFER BU
No compensation

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationNot Required in the state of New JerseyExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Taxes PaidCategoryTxt
Amt$140Amt