WILLIAM NEWKIRK AND CHERYL TSCHANZ FAMILY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM NEWKIRK AND CHERYL TSCHANZ FAMILY FOUNDATION (EIN 45-3637286)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-09
- IRS object ID
- 201321299349101362
- 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
- Schedule B
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-09T12:41:09-00:00 | 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 | 453637286 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | William Newkirk and Cheryl Tschanz Family Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WILL | 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 | William L Newkirk | Name |
| Title | Co President | Title |
| Date Signed | 2013-05-09 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2013-05-09 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1451917 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 184135 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 245 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 245 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 3247 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 3247 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 35911 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 769124 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 35911 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 223538 | TotalRevenueAndExpenses |
| Total Net Investment Income | 39403 | TotalNetInvestmentIncome |
| Taxes Rev And Expnss | 800 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 13807 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 13807 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 14607 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 13807 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 15000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 15000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 29607 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 28807 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 193931 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 39403 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 1250002 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 500573 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 500573 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock EOY | 943360 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 951344 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 1250002 | TotalAssetsBOY |
| Total Assets EOY | 1443933 | TotalAssetsEOY |
| Total Assets EOYFMV | 1451917 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 1250002 | RetainedEarningsBOY |
| Retained Earnings EOY | 1443933 | RetainedEarningsEOY |
| Total Net Assets BOY | 1250002 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1443933 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1250002 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1443933 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1250002 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 193931 | ExcessOfRevenueOverExpenses |
| Subtotal | 1443933 | Subtotal |
| Total Net Assets Fund Balances EOY | 1443933 | 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 | 769124 | GrossSalesPrice |
| Cost Or Other Basis | 733213 | CostOrOtherBasis |
| Gain Or Loss | 35911 | GainOrLoss |
| Gains Minus Excess Or Losses | 35911 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 35911 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Noncharitable Assets Year1 | 205209 | NoncharitableAssetsYear1 |
| Net Noncharitable Assets | 1286900 | NetNoncharitableAssets |
| One Percent Net Investment Income | 394 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 394 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 28807 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 394 | InvestmentIncomeExciseTax |
| Subtotal | 394 | Subtotal |
| Tax Based On Investment Income | 394 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 800 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 800 | TotalCreditsAndPayments |
| Tax Paid Original Return | 800 | TaxPaidOriginalReturn |
| Overpayment | 406 | Overpayment |
| Amount Credited To Next Year | 406 | 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 (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Brooks Newkirk | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | VP of Investments | 005.00 | 0 |
| Thatcher Newkirk | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | VP of Gifts | 001.00 | 0 |
| Thomas Newkirk | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | VP of Ethics | 001.00 | 0 |
| William L Newkirk | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Co- Pres / Dir / Sec | 020.00 | 0 |
| Cheryl Tschanz | ||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 19809 | Co- Pres / Dir | 001.00 | 0 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 113165 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 1193332 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 1306497 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 1306497 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 19597 | CashDeemedCharitable |
| Net Noncharitable Assets | 1286900 | NetNoncharitableAssets |
| Minimum Investment Return | 64345 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 64345 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 394 | TaxBasedOnInvestmentIncome |
| Total Tax | 394 | TotalTax |
| Distributable Amount Before Adj | 63951 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 63951 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 63951 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 28807 | ExpensesAndContributions |
| Qualifying Distributions | 28807 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 394 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 28413 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 63951 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 2080 | UndistributedIncomePriorYear |
| Qualifying Distributions | 28807 | QualifyingDistributions |
| Applied To Year1 | 2080 | AppliedToYear1 |
| Applied To Current Year | 26727 | AppliedToCurrentYear |
| Undistributed Income CY | 37224 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Cheryl Tschanz | ContributingManager |
| Contributing Manager | William L Newkirk | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| ROBERT R MCCORMICK FOUNDATION | |||||||
| 205 N MICHIGAN AVE STE 4300 | CHICAGO | IL | 60601 | N/A | 509a1 | Orlando Sentinel Family Fund | $10,000 |
| THE ORLANDO PHILHARMONIC ORCHESTRA INC | |||||||
| PO BOX 540203 | ORLANDO | FL | 32854 | N/A | 509a2 | Young Peoples Concerts | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 15000 | 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 | $245 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $3,247 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $35,911 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $39,403 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 39403 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Newkirk William L | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 647 Mulberry Avenue | AddressLine1 |
| City | Celebration | City |
| State | FL | State |
| ZIP Code | 34747 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 184135 | AggregateContributions |
| Noncash Contribution Type | X | NoncashContributionType |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 1 | ContributorNumberFromPartI |
| Noncash Property Description | PHILLIPS 66 PSX, 3500 sh. | NoncashPropertyDescription |
| Fair Market Value | 184135 | FairMarketValue |
| Date Received | 2012-12-19 | DateReceived |
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 | 769124 | GrossSalesPrice |
| Basis | 733213 | Basis |
| Total Net | 35911 | TotalNet |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (6 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 2000 shares of EXXON MOBIL CORP | 171789 | 173100 |
| 4000 shares of MICROSOFT CORPORATION | 107008 | 106839 |
| 3500 shares of PHILLIPS 66 | 184135 | 185850 |
| 2500 shares of SPDR BARCLAYS CAPITAL HYB ETF | 99033 | 101775 |
| 4000 shares of SPDR SP DIVIDEND ETF | 229945 | 232640 |
| 6000 shares of VODAFONE GROUP PLC | 151450 | 151140 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| Administrative Fees | 7682 | 7682 |
| Administrative Set-Up Fee | 4750 | 4750 |
| Delaware Incorporation Fees | 500 | 500 |
| IRS Application Fees | 850 | 850 |
| State or Local Filing Fees | 25 | 25 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Estimated Tax for 2012 | Category |
| Amount | $800 | Amount |