CHICAGO FREEDOM TRUST: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO FREEDOM TRUST (EIN 26-4123223)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-02
- IRS object ID
- 201341839349100209
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-02T13:30:31-07:00 | 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 | DAVID A HAFFT & CO LTD | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 VILLAGE GREEN DR SUITE 214 | AddressLine1 |
| City | LINCOLNSHIRE | City |
| State | IL | State |
| ZIP Code | 600693086 | 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 | 264123223 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO FREEDOM TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHIC | NameControl |
| Phone | 7738691357 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O JOHN BALL 201 S MAIN ST | AddressLine1 |
| City | SALT LAKE CITY | City |
| State | UT | State |
| ZIP Code | 841112218 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARRE SEID | Name |
| Title | TRUSTEE/CHAIRMAN | Title |
| Phone | 7738691357 | Phone |
| Date Signed | 2013-07-02 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID HAFFT | Name |
| Phone | 8479138006 | Phone |
| Date Prepared | 2013-07-02 | 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 | 58925 | 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 |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 0 | TotalRevenueAndExpenses |
| Total Net Investment Income | 0 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | -42 | LegalFeesRevAndExpnss |
| Accounting Fees Rev And Expnss | 480 | AccountingFeesRevAndExpnss |
| Trav Conf Meeting Rev And Expnss | 2140 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Adj Net Incm | 2140 | TravConfMeetingAdjNetIncm |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 2140 | TravConfMeetingDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 2578 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 2140 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 2140 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 5000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 5000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 7578 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 2140 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 7140 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -7578 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 66503 | CashBOY |
| Cash EOY | 58925 | CashEOY |
| Cash EOYFMV | 58925 | CashEOYFMV |
| Total Assets BOY | 66503 | TotalAssetsBOY |
| Total Assets EOY | 58925 | TotalAssetsEOY |
| Total Assets EOYFMV | 58925 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 66503 | RetainedEarningsBOY |
| Retained Earnings EOY | 58925 | RetainedEarningsEOY |
| Total Net Assets BOY | 66503 | TotalNetAssetsBOY |
| Total Net Assets EOY | 58925 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 66503 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 58925 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 66503 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -7578 | ExcessOfRevenueOverExpenses |
| Subtotal | 58925 | Subtotal |
| Total Net Assets Fund Balances EOY | 58925 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 6765 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 69724 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.097025 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 13809 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 82805 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.166765 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 10000 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 43628 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.229211 | DistributionRatioYear3 |
| Total Distribution Ratio | 0.493001 | TotalDistributionRatio |
| Average Distribution Ratio | 0.164334 | AverageDistributionRatio |
| Net Noncharitable Assets | 63499 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 10435 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 10435 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 7140 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Tax Based On Investment Income | 0 | TaxBasedOnInvestmentIncome |
| Amount Credited To Next Year | 0 | 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 | false | 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 | N/A | WebsiteAddress |
| Books In Care Of Person Name | JOHN BALL | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 7738691357 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 S MAIN ST | AddressLine1 |
| City | SALT LAKE CITY | City |
| State | UT | State |
| ZIP Code | 841112218 | 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 |
| 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 (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| BARRE SEID | ||||||||
| 1111 W 35TH ST | CHICAGO | IL | 60609 | CHAIRMAN/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 |
| ADAM MEYERSON | ||||||||
| 115 17TH ST NW | WASHINGTON | DC | 20036 | CO-TRUSTEE | 0.50 | 0 | 0 | 0 |
| LEONARD LEO | ||||||||
| 1015 18TH ST NW 425 | WASHINGTON | DC | 20036 | CO-TRUSTEE | 0.50 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 64466 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 64466 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 64466 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 967 | CashDeemedCharitable |
| Net Noncharitable Assets | 63499 | NetNoncharitableAssets |
| Minimum Investment Return | 3175 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 3175 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 3175 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 3175 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 3175 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 7140 | ExpensesAndContributions |
| Qualifying Distributions | 7140 | QualifyingDistributions |
| Adj Qualifying Distributions | 7140 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 3175 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year3 | 4417 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 9669 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 3279 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 17365 | TotalExcessDistriCarryover |
| Qualifying Distributions | 7140 | QualifyingDistributions |
| Applied To Current Year | 3175 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 3965 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 3175 | ExcessDistriCyovAppCYCorpus |
| Total Corpus | 18155 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 18155 | ExcessDistriCyovToNextYear |
| Excess From Year3 | 1242 | ExcessFromYear3 |
| Excess From Year2 | 9669 | ExcessFromYear2 |
| Excess From Year1 | 3279 | ExcessFromYear1 |
| Excess From Current Year | 3965 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSTITUTE FOR JUSTICE CLINIC ON ENTREPRENEURSHIP | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6020 SOUTH UNIVERSITY AVE | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60637 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | LEGALASSISTANCE | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | REPRESENTATION TOPROVIDE LEGALENTRY LEVEL ENTREPRENUERS | PurposeOfGrantOrContribution |
| Amount | $5,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 5000 | TotGrantOrContriPaidDuringYear |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | DAVID HAFFT & CO LTD TAX RETURN PREP | Category |
| Amount | $480 | Amount |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PAGE 4, PART VII-A, LINE 8B | Identifier |
| Explanation | NOT REQUIRED TO REGISTER OR FILE REPORTS IN UTAH OR ANY OTHER STATE. | Explanation |