SIMPLISTIC FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: SIMPLISTIC FOUNDATION (EIN 45-2741447)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-07-18
IRS object ID: 201302079349100405
Schema version: 2012v2.2
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
Expenditure Responsibility Stmt
Gain Loss Sale Other Assets Sch
General Explanation Attachment
Investments Corp Stock Schedule
Other Expenses Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-07-18T04:59:10-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Lane Suite 212	AddressLine1
City	Lake Success	City
State	NY	State
ZIP Code	11042	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	452741447	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Simplistic Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SIMP	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Tod Johnson	Name
Title	President	Title
Date Signed	2013-07-18	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2013-07-18	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	874237	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	104	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	104	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	22394	DividendsRevAndExpnss
Dividends Net Invst Incm	22394	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	5560	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	494029	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	5560	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	28058	TotalRevenueAndExpenses
Total Net Investment Income	28058	TotalNetInvestmentIncome
Other Prof Fees Rev And Expnss	7419	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	7419	OtherProfFeesNetInvstIncm
Taxes Rev And Expnss	307	TaxesRevAndExpnss
Other Expenses Rev And Expnss	9212	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	105	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	9107	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	16938	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	7524	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	9107	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	80000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	80000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	96938	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	7524	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	89107	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-68880	ExcessOfRevenueOverExpenses
Net Investment Income	20534	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	128306	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	125666	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	125666	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	797034	InvestmentsCorpStockBOY
Investments Corp Stock EOY	730794	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	748571	InvestmentsCorpStockEOYFMV
Total Assets BOY	925340	TotalAssetsBOY
Total Assets EOY	856460	TotalAssetsEOY
Total Assets EOYFMV	874237	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	925340	RetainedEarningsBOY
Retained Earnings EOY	856460	RetainedEarningsEOY
Total Net Assets BOY	925340	TotalNetAssetsBOY
Total Net Assets EOY	856460	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	925340	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	856460	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	925340	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-68880	ExcessOfRevenueOverExpenses
Subtotal	856460	Subtotal
Total Net Assets Fund Balances EOY	856460	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Field	Value	IRS element (for citing)
Description Of Asset	Publicly-traded Securities	DescriptionOfAsset
Gross Sales Price	494029	GrossSalesPrice
Cost Or Other Basis	488469	CostOrOtherBasis
Gain Or Loss	5560	GainOrLoss
Gains Minus Excess Or Losses	5560	GainsMinusExcessOrLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	5560	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	90012	QualifyingDistributionsYear1
Noncharitable Assets Year1	591734	NoncharitableAssetsYear1
Distribution Ratio Year1	000.152116	DistributionRatioYear1
Total Distribution Ratio	000.152116	TotalDistributionRatio
Average Distribution Ratio	000.152116	AverageDistributionRatio
Net Noncharitable Assets	898081	NetNoncharitableAssets
Adjusted Noncharitable Assets	136612	AdjustedNoncharitableAssets
One Percent Net Investment Income	205	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	136817	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	89107	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	411	InvestmentIncomeExciseTax
Subtotal	411	Subtotal
Tax Based On Investment Income	411	TaxBasedOnInvestmentIncome
Tax Paid With Extension	421	TaxPaidWithExtension
Total Credits And Payments	421	TotalCreditsAndPayments
Tax Paid Original Return	421	TaxPaidOriginalReturn
Overpayment	10	Overpayment
Amount Credited To Next Year	10	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
Meg Johnson
Foundation Source 501 Silverside Rd	Wilmington	DE	19809	Treas / VP / Dir	001.00	0
Tod Johnson
Foundation Source 501 Silverside Rd	Wilmington	DE	19809	Pres / Dir / Sec	001.00	0

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	795776	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	115981	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	911757	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	911757	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	13676	CashDeemedCharitable
Net Noncharitable Assets	898081	NetNoncharitableAssets
Minimum Investment Return	44904	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	44904	MinimumInvestmentReturn
Tax Based On Investment Income	411	TaxBasedOnInvestmentIncome
Total Tax	411	TotalTax
Distributable Amount Before Adj	44493	DistributableAmountBeforeAdj
Distributable Amount Before Ded	44493	DistributableAmountBeforeDed
Distributable Amount As Adjusted	44493	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	89107	ExpensesAndContributions
Qualifying Distributions	89107	QualifyingDistributions
Adj Qualifying Distributions	89107	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	44493	DistributableAmountAsAdjusted
Excess Distri Carryover Year1	76296	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	76296	TotalExcessDistriCarryover
Qualifying Distributions	89107	QualifyingDistributions
Applied To Current Year	44493	AppliedToCurrentYear
Remaining Distri From Corpus	44614	RemainingDistriFromCorpus
Total Corpus	120910	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	120910	ExcessDistriCyovToNextYear
Excess From Year1	76296	ExcessFromYear1
Excess From Current Year	44614	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	Tod Johnson	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
ASSISTANCE SERVICE DOG EDUCATIONAL CTR
19529 AVE 368	WOODLAKE	CA	93286	N/A	509a1	General Unrestricted	$20,000
FIRST BAPTIST CHURCH
PO BOX 35	THREE RIVERS	CA	93271	N/A	509a1	General Unrestricted	$5,000
STABLE HANDS
PO BOX 1852	YREKA	CA	96097	N/A	509a1	General Unrestricted	$40,000
THREE RIVERS UNION ELEMENTARY SCHOOL
PO BOX 99	THREE RIVERS	CA	93271	N/A	509a1	General Unrestricted	$5,000
THREE RIVERS UNION ELEMENTARY SCHOOL
PO BOX 99	THREE RIVERS	CA	93271	N/A	509a1	School District and Three Rivers Union School Program	$10,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	80000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$104	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$22,394	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$5,560	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$28,058	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	28058	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibility (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	Grant DateGrantDate	GrantGrantAmount	Grant PurposeGrantPurpose	Amount Expended By GranteeAmountExpendedByGrantee	Any Diversion By GranteeAnyDiversionByGrantee	Dates Of Reports By GranteeDatesOfReportsByGrantee	Results Of VerificationResultsOfVerification
New Life Builders
2633 E 33rd Avenue	Spokane	WA	99223	2011-09-27	$60,000	To help fund housing project.	60000	Not to the knowledge of the grantor.	6/15/13	None necessary
New Life Builders
2633 E 33rd Avenue	Spokane	WA	99223	2011-12-09	$18,900	To help fund housing project.	18900	Not to the knowledge of the grantor.	6/15/13	None necessary

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	Publicly-traded Securities	Name
Gross Sales Price	494029	GrossSalesPrice
Basis	488469	Basis
Total Net	5560	TotalNet

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (12 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
8222 shares of ALTEGRIS FUTURES EVOLUTION CL A	82546	80001
3245 shares of ARBITRAGE FDS SHS FD 17	42072	40723
730 shares of BERKSHIRE HATHAWAY INC. CLASS B	56843	65481
3894 shares of EATON VANCE GLOBAL MACRO FD CL A	38929	38316
1970 shares of FIRST EAGLE SOGEN GLOBAL FUND CLASS A	91356	95713
975 shares of FIRST EAGLE SOGEN GOLD FUND	26429	26683
7951 shares of ING HIGH YIELD BOND FUND CL A	62930	65120
7943 shares of JANUS FLEXIBLE BOND CLASS A	84876	85943
1323 shares of NICHOLAS EQUITY INCOME FUND INC	20671	20861
5887 shares of PIMCO FDS PACIFIC INV MGMT	62597	65285
9912 shares of PIMCO TOTAL RETURN FUND	108858	111414
6013 shares of WELLS FARGO ADVANTAGE S/T BOND FUND	52687	53031

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps	Net Investment IncomeNetInvestmentIncome
Administrative Fees	9082	9082
Bank Charges	105		105
State or Local Filing Fees	25	25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	Investment Management Services	Category
Amount	$7,419	Amount
Net Investment Income	7419	NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	IRS Excise Tax Payment with 1st ext 990-PF	Category
Amount	$307	Amount