IKE AND CANDY BROWN FAMILYFOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- IKE AND CANDY BROWN FAMILYFOUNDATION (EIN 20-5265609)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-14
- IRS object ID
- 201322879349100017
- Schema version
- 2012v2.3
- 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
- Compensation Explanation
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-14T16:59:37-05:00 | 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 | ZELDA COHEN HANTZ CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6905 NORWAY PL | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75230 | 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 | 205265609 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IKE AND CANDY BROWN FAMILY FOUNDATI | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | IKEA | NameControl |
| Phone | 2149871700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5430 PALOMAR | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75229 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | IKE BROWN | Name |
| Title | PRESIDENT | Title |
| Phone | 2149871700 | Phone |
| Date Signed | 2013-05-14 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ZELDA COHEN HANTZ CPA | Name |
| Phone | 2149879718 | Phone |
| Date Prepared | 2013-10-14 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 865514 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
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 | 5102 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 4482 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 5102 | InterestOnSavingsAdjNetIncm |
| Dividends Rev And Expnss | 4918 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 2459 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 4918 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 206350 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 774360 | GrossSalesPrice |
| Other Income Rev And Expnss | 7333 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 7333 | OtherIncomeNetInvstIncm |
| Other Income Adj Net Incm | 7333 | OtherIncomeAdjNetIncm |
| Total Revenue And Expenses | 223703 | TotalRevenueAndExpenses |
| Total Net Investment Income | 14274 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 17353 | TotalAdjustedNetIncome |
| Other Expenses Rev And Expnss | 305 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 305 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 22500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 22500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 22805 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 22500 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 200898 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 14274 | NetInvestmentIncome |
| Adjusted Net Income | 17353 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 31488 | CashBOY |
| Cash EOY | 11605 | CashEOY |
| Cash EOYFMV | 11605 | CashEOYFMV |
| Investments Corp Stock BOY | 458938 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 853909 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 853909 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 490426 | TotalAssetsBOY |
| Total Assets EOY | 865514 | TotalAssetsEOY |
| Total Assets EOYFMV | 865514 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 490426 | UnrestrictedBOY |
| Unrestricted EOY | 865514 | UnrestrictedEOY |
| Total Net Assets BOY | 490426 | TotalNetAssetsBOY |
| Total Net Assets EOY | 865514 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 490426 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 865514 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 490426 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 200898 | ExcessOfRevenueOverExpenses |
| Other Increases | 174190 | OtherIncreases |
| Subtotal | 865514 | Subtotal |
| Total Net Assets Fund Balances EOY | 865514 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 34647 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 481665 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.071932 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 32952 | QualifyingDistributionsYear2 |
| Qualifying Distributions Year3 | 20000 | QualifyingDistributionsYear3 |
| Total Distribution Ratio | 0.071932 | TotalDistributionRatio |
| Average Distribution Ratio | 0.071932 | AverageDistributionRatio |
| Net Noncharitable Assets | 865725 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 62273 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 143 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 62416 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 22500 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 285 | InvestmentIncomeExciseTax |
| Subtotal | 285 | Subtotal |
| Tax Based On Investment Income | 285 | TaxBasedOnInvestmentIncome |
| Tax Due | 285 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| 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 |
| States Filed With | TX | StatesFiledWith |
| 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 |
| Website Address | NA | WebsiteAddress |
| Books In Care Of Person Name | IKE BROWN | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 2149871700 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5430 PALOMAR | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75229 | 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 |
| 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | IKE BROWN | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5430 PALOMAR | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75229 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | PRESIDENT | Title |
| Avg Hours Per Wk Devoted To Position | 5.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| Contri To Empl Benefit Plans Etc | 0 | ContriToEmplBenefitPlansEtc |
| Expense Account Other Allowances | 0 | ExpenseAccountOtherAllowances |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 25000 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 853909 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 878909 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 878909 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 13184 | CashDeemedCharitable |
| Net Noncharitable Assets | 865725 | NetNoncharitableAssets |
| Minimum Investment Return | 43286 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 43286 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 285 | TaxBasedOnInvestmentIncome |
| Total Tax | 285 | TotalTax |
| Distributable Amount Before Adj | 43001 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 43001 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 43001 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 22500 | ExpensesAndContributions |
| Qualifying Distributions | 22500 | QualifyingDistributions |
| Adj Qualifying Distributions | 22500 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 43001 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 46500 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 14250 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 20000 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 33000 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 10770 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 124520 | TotalExcessDistriCarryover |
| Qualifying Distributions | 22500 | QualifyingDistributions |
| Applied To Current Year | 22500 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 20501 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 20501 | ExcessDistriCyovAppliedCY |
| Total Corpus | 104019 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 25999 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 78020 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 14250 | ExcessFromYear4 |
| Excess From Year3 | 20000 | ExcessFromYear3 |
| Excess From Year2 | 33000 | ExcessFromYear2 |
| Excess From Year1 | 10770 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | IKE AND CANDY BROWN | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5430 PALOMAR | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75229 | ZIPCode |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | Address Line2RecipientUSAddress/AddressLine2 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount | Recipient RelationshipRecipientRelationship |
|---|---|---|---|---|---|---|---|
| SOCIAL VENTURE PARTNERS INTERNATION | |||||||
| 10670 NORTH CENTRAL | EXPRESSWAY 512 | DALLAS | TX | 75231 | COMMUNITY SERVICE | $5,000 | |
| DALLAS FOUNDATION | |||||||
| 3963 MAPLE | DALLAS | TX | 75219 | COMMUNITY SERVICE | $5,000 | CHARITY | |
| DALLAS TORAH DAY SCHOOL | |||||||
| 6921 FRANKFORT ROAD | DALLAS | TX | 75252 | EDUCATIONAL INSTITUTION | $2,500 | CHARITY | |
| BOSTON UNIVERSITY | |||||||
| 1 SILBER WAY | BOSTON | MA | 02215 | EDUCATIONAL INSTITUTION | $10,000 | CHARITY | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 22500 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 5102 | RelatedOrExemptFunctionIncome |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 4918 | RelatedOrExemptFunctionIncome |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 7333 | RelatedOrExemptFunctionIncome |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 206350 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 223703 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 223703 | 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 |
Compensation Explanation CompensationExplanation
Compensation Compensation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | IKE BROWN | PersonName |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (6 entries)
| NameName | Date AcquiredDateAcquired | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|---|---|---|
| MERRILL LYNCH | 2010-02 | PURCHASE | 2012-12 | 58000 | 50358 | 7642 |
| MERRILL LYNCH | 2010-02 | PURCHASE | 2012-12 | 123220 | 79750 | 43470 |
| MERRILL LYNCH | 2010-02 | PURCHASE | 2012-12 | 86668 | 90031 | -3363 |
| MERRILL LYNCH | 2010-02 | PURCHASE | 2012-12 | 229091 | 209162 | 19929 |
| MERRILL LYNCH | 2010-02 | PURCHASE | 2012-12 | 221937 | 101574 | 120363 |
| JP MORGAN CHASE INVESTMENTS | 2010-02 | PURCHASE | 2012-12 | 55444 | 37135 | 18309 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | 853909 | EOYBookValue |
| EOYFMV | 853909 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks |
|---|---|
| EXPENSES | |
| BANK FEES | 305 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INVESTMENT INCOME | Description |
| Revenue And Expenses Per Books | 7333 | RevenueAndExpensesPerBooks |
| Net Investment Income | 7333 | NetInvestmentIncome |
| Adjusted Net Income | 7333 | AdjustedNetIncome |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNRECOGNIZED GAINS | Description |
| Amount | $174,190 | Amount |