CHICAGO FREEDOM TRUST: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO FREEDOM TRUST (EIN 26-4123223)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-05-26
- IRS object ID
- 201631479349100703
- Schema version
- 2015v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-26T08:19:26-07:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID A HAFFT & CO LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 VILLAGE GREEN DR SUITE 214 | AddressLine1Txt |
| City | LINCOLNSHIRE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 600693086 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264123223 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO FREEDOM TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIC | BusinessNameControlTxt |
| Phone | 7738691357 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O JOHN BALL 201 S MAIN ST | AddressLine1Txt |
| City | SALT LAKE CITY | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 841112218 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARRE SEID | PersonNm |
| Person Title | TRUSTEE/CHAIRMAN | PersonTitleTxt |
| Phone | 7738691357 | PhoneNum |
| Signature | 2016-05-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID HAFFT | PreparerPersonNm |
| Phone | 8479138006 | PhoneNum |
| Preparation | 2016-05-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,107 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $0 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $190 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $520 | AccountingFeesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $1,018 | TravConfMeetingRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $1,728 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $16,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $16,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $17,728 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $16,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$17,728 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,835 | CashBOYAmt |
| Cash EOY | $6,107 | CashEOYAmt |
| Cash EOYFMV | $6,107 | CashEOYFMVAmt |
| Total Assets BOY | $23,835 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,107 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,107 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $23,835 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,107 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $23,835 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,107 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $23,835 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,107 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $23,835 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$17,728 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,107 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $6,107 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $18,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $38,926 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.462416 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $16,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $55,106 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.290350 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $7,140 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $63,499 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.112443 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $6,765 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $69,724 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.097025 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $13,809 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $82,805 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.166765 | DistributionYr5Rt |
| Total Distribution | 1.128999 | TotalDistributionRt |
| Average Distribution | 0.225800 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $21,360 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,823 | AdjNetVlNoncharitableAssetsAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,823 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $16,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Applied To ES Tax | $0 | 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 |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN BALL | IndividualWithBooksNm |
| Phone | 7738691357 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 S MAIN ST | AddressLine1Txt |
| City | SALT LAKE CITY | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 841112218 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| ADAM MEYERSON | ||||||||
| 1730 M ST NW SUITE 601 | WASHINGTON | DC | 20036 | PRESIDENT | 0.50 | $0 | $0 | $0 |
| BARRE SEID | ||||||||
| 1111 W 35TH ST | CHICAGO | IL | 60609 | CHAIRMAN/TRUSTEE | 0.50 | $0 | $0 | $0 |
| LEONARD LEO | ||||||||
| 1776 I ST NW 300 | WASHINGTON | DC | 20006 | EXEC VP | 0.50 | $0 | $0 | $0 |
| LESLIE GRAVES | ||||||||
| PO BOX 279 | SPRING GREEN | WI | 53588 | CO-TRUSTEE | 0.50 | $0 | $0 | $0 |
| TRACIE SLOAT SHARP | ||||||||
| PO BOX 5208 | RICHMOND | CA | 94805 | CO-TRUSTEE | 0.50 | $0 | $0 | $0 |
| WHITNEY BALL | ||||||||
| PO BOX 1305 | ALEXANDRIA | VA | 22314 | CO-TRUSTEE | 0.50 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $21,685 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $21,685 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $21,685 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $325 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,360 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,068 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,068 | MinimumInvestmentReturnAmt |
| Distributable Before Adj | $1,068 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,068 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,068 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $16,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $16,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $16,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,068 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,946 | UndistributedIncomePYAmt |
| Excess Distribution Cyov Yr5 | $9,669 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,279 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,965 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $16,000 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $18,000 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $50,913 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $16,000 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $16,000 | RemainingDistriFromCorpusAmt |
| Total Corpus | $66,913 | TotalCorpusAmt |
| Taxable2 | $1,946 | Taxable2Amt |
| Undistributed Income CY | $1,068 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $9,669 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $57,244 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,279 | ExcessFromYear4Amt |
| Excess From Year3 | $3,965 | ExcessFromYear3Amt |
| Excess From Year2 | $16,000 | ExcessFromYear2Amt |
| Excess From Year1 | $18,000 | ExcessFromYear1Amt |
| Excess From Current Year | $16,000 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| HOPE TECHNOLOGY SCHOOL | ||||||
| 2525 E BAYSHORE RD | PALO ALTO | CA | 94303 | public | SCHOOL GRANT | $2,000 |
| MEALS ON WHEELS OF CONTRA COSTS | ||||||
| PO BOX 3195 | MARTINEZ | CA | 94553 | public | FOOD FOR HOMEBOUND | $2,000 |
| RAHAB'S ROPE | ||||||
| 118 WASHINGTON ST SW | GAINESVILLE | GA | 30501 | public | WOMEN/GIRLSASSISTANCE TOAT RISK TO SEX TRADE | $2,000 |
| WORLD ORPHAN FUND | ||||||
| N7130 NORTH LOST LAKE RD | RANDOLPH | WI | 53956 | PUBLIC | ASSISTANCE TOPROVIDINGORPHANED CHILDREN | $2,000 |
| OAKCREST SCHOOL | ||||||
| 850 BALLS HILL RD | MCLEAN | VA | 22101 | public | SCHOOL GRANT | $2,000 |
| FISHER HOUSE FOUNDATION | ||||||
| 111 ROCKVILLE PIKE | ROCKVILLE | MD | 20850 | public | AID TO MILITARYFAMILIES | $2,000 |
| CHICAGO HOPE ACADEMY | ||||||
| 2189 W BOWLER ST | CHICAGO | IL | 60612 | public | SCHOOL GRANT | $2,000 |
| MUSTARD SEED COMMUNITIES | ||||||
| 29 JANES AVE | MEDFIELD | MA | 02052 | PUBLIC | WITH DISABILITIESAID TO FAMILIES | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,000 | TotalGrantOrContriPdDurYrAmt |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DAVID HAFFT & CO LTD TAX RETURN PREP | CategoryTxt |
| Amt | $520 | Amt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PAGE 4, PART VII-A, LINE 8B | FormAndLineReferenceDesc |
| Medium Explanation | NOT REQUIRED TO REGISTER OR FILE REPORTS IN UTAH OR ANY OTHER STATE. | MediumExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ARONBERG GOLDGEHN DAVIS & GARMISA LEGAL FEES | CategoryTxt |
| Legal Fees | $190 | LegalFeesAmt |