BOERNGEN-DUCEY FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BOERNGEN-DUCEY FOUNDATION (EIN 36-4266341)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-10
- IRS object ID
- 201101309349101590
- Schema version
- 2010v3.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-10T14:44:11-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YG FINANCIAL GROUP PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 WEST CHURCH STREET | AddressLine1 |
| City | CHAMPAIGN | City |
| State | IL | State |
| ZIP Code | 61820 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364266341 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOERNGEN-DUCEY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BOER | NameControl |
| Phone | 2173550222 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1805 MORAINE STREET | AddressLine1 |
| City | CHAMPAIGN | City |
| State | IL | State |
| ZIP Code | 61822 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL DUCEY | Name |
| Title | TRUSTEE | Title |
| Phone | 2173550222 | Phone |
| Date Signed | 2011-04-25 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HANS GROTELUESCHEN | Name |
| Phone | 2173516900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 524356 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 50067 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 2992 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 2992 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 1000 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 1000 | DividendsNetInvstIncm |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 54059 | TotalRevenueAndExpenses |
| Total Net Investment Income | 3992 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 280 | LegalFeesRevAndExpnss |
| Taxes Rev And Expnss | 129 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 409 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 25250 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 25250 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 25659 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 25250 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 28400 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 3992 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 423278 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 451732 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 451733 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 57004 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 57004 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 72623 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 480282 | TotalAssetsBOY |
| Total Assets EOY | 508736 | TotalAssetsEOY |
| Total Assets EOYFMV | 524356 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 480282 | UnrestrictedBOY |
| Unrestricted EOY | 508736 | UnrestrictedEOY |
| Total Net Assets BOY | 480282 | TotalNetAssetsBOY |
| Total Net Assets EOY | 508736 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 480282 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 508736 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 480282 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 28400 | ExcessOfRevenueOverExpenses |
| Other Increases | 54 | OtherIncreases |
| Subtotal | 508736 | Subtotal |
| Total Net Assets Fund Balances EOY | 508736 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 34096 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 429500 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.079385 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 40790 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 441984 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.092288 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 30013 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 466383 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.064353 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 2830 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 420450 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.006731 | DistributionRatioYear4 |
| Noncharitable Assets Year5 | 334247 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.000000 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.242757 | TotalDistributionRatio |
| Average Distribution Ratio | 0.048551 | AverageDistributionRatio |
| Net Noncharitable Assets | 497733 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 24165 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 40 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 24205 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 25250 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 40 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 40 | Subtotal |
| Tax Based On Investment Income | 40 | TaxBasedOnInvestmentIncome |
| Tax Paid Original Return | 0 | TaxPaidOriginalReturn |
| Tax Due | 40 | TaxDue |
| 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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | IL | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | true | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | false | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | JANET BOERNGEN | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 2173550222 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1805 MORAINE DRIVE | AddressLine1 |
| City | CHAMPAIGN | City |
| State | IL | State |
| ZIP Code | 61822 | 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 |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| 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 |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL F DUCEY | ||||||||
| 1805 MORRAINE DRIVE | CHAMPAIGN | IL | 61822 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| JANET BOERNGEN | ||||||||
| 1805 MORRAINE DRIVE | CHAMPAIGN | IL | 61822 | DIRECTOR | 1.00 | 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 | 67808 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 437505 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 505313 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 505313 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 7580 | CashDeemedCharitable |
| Net Noncharitable Assets | 497733 | NetNoncharitableAssets |
| Minimum Investment Return | 24887 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 24887 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 40 | TaxBasedOnInvestmentIncome |
| Total Tax | 40 | TotalTax |
| Distributable Amount Before Adj | 24847 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 24847 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 24847 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 25250 | ExpensesAndContributions |
| Qualifying Distributions | 25250 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 40 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 25210 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 24847 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year4 | 3008 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 30254 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 18905 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 12829 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 64996 | TotalExcessDistriCarryover |
| Qualifying Distributions | 25250 | QualifyingDistributions |
| Applied To Current Year | 24847 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 403 | RemainingDistriFromCorpus |
| Total Corpus | 65399 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 65399 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 3008 | ExcessFromYear4 |
| Excess From Year3 | 30254 | ExcessFromYear3 |
| Excess From Year2 | 18905 | ExcessFromYear2 |
| Excess From Year1 | 12829 | ExcessFromYear1 |
| Excess From Current Year | 403 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL F DUCEY | ContributingManager |
| Shareholder Manager | NA | ShareholderManager |
| 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 Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| UNIVERSITY OF ILLINOIS FOUNDATION | ||||||
| 1305 WEST GREEN STREET | URBANA | IL | 61801 | Schools | Educational | $25,000 |
| ST VINCENT | ||||||
| 405 W CLARK | CHAMPAIGN | IL | 61820 | Schools | Educational | $250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 25250 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Program Service Revenue Part VII ProgramServiceRevenuePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NONE | Description |
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2,992 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,000 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,992 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 3992 | 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 Individual | MICHAEL F DUCEY | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1805 MORAINE DRIVE | AddressLine1 |
| City | CHAMPAIGN | City |
| State | IL | State |
| ZIP Code | 618225261 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 50067 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Meyer Capel Annual Services | Category |
| Amount | $280 | Amount |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Nontaxable distributions | Description |
| Amount | $54 | Amount |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| STATE OF ILLINOIS FEES | $25 |
| IRS | $104 |