THE MICHAEL D AND MARGARET ANN: Form 990PF, tax year 2024

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Organization
THE MICHAEL D AND MARGARET ANN (EIN 43-6767967)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-02-25
IRS object ID
202540569349100814
Schema version
2024v5.0
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

FieldValueIRS element (for citing)
Return2025-02-25T16:09:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN431305868PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOLFF & TAYLOR PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1222 S CENTRAL AVE STE 402AddressLine1Txt
CitySAINT LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63105ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN436767967EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MICHAEL D AND MARGARET ANNBusinessNameLine1Txt
Business Name Line2LATTA CHARITABLE FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMICHBusinessNameControlTxt
Phone3149910737PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1816 S HANELY ROAD UNIT 16AAddressLine1Txt
CitySAINT LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL D LATTAPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone3149910737PhoneNum
Signature2025-02-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE E WOLFFPreparerPersonNm
PTINP00509098PTIN
Phone3147273700PhoneNum
Preparation2025-02-22PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$36InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$36InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$36InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$6,664DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,664DividendsNetInvstIncmAmt
Dividends Adj Net Incm$6,664DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$37,921NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$406,251GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$37,921CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$44,621TotalRevAndExpnssAmt
Total Net Invst Incm$44,621TotalNetInvstIncmAmt
Total Adj Net Incm$6,700TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$204LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,295AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$34TaxesRevAndExpnssAmt
Taxes Net Invst Incm$34TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$12OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,545TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$46TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$300,173ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$300,173ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$302,718TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$46TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$300,173TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$258,097ExcessRevenueOverExpensesAmt
Net Investment Income$44,575NetInvestmentIncomeAmt
Adjusted Net Income$6,700AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,767CashBOYAmt
Corporate Stock BOY$248,330CorporateStockBOYAmt
Total Assets BOY$258,097TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$258,097NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$258,097TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$258,097TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$258,097TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$258,097ExcessRevenueOverExpensesAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
15000 SWVXXP2023-05-102024-03-18$15,000$15,000
120000 SWVXXP2024-08-012024-08-09$120,000$120,000
1000 BACP2020-03-022024-07-26$42,088$28,479$13,609$13,609
750 SFP2020-03-022024-07-26$64,037$27,954$36,083$36,083
200 BABAP2018-11-012024-07-26$15,126$26,897-$11,771-$11,771
150000 SWVXXP2023-05-102024-08-09$150,000$150,000
FieldValueIRS element (for citing)
Capital Gain Net Income$37,921CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$620InvestmentIncomeExciseTaxAmt
Subtotal$620SubtotalAmt
Tax Based On Investment Income$620TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$620EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$620TotalPaymentsAndCreditsAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMOOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksMICHAEL D LATTAIndividualWithBooksNm
Phone3149910737PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1816 S HANLEY ROAD UNIT 16AAddressLine1Txt
CitySAINT LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63105ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmtAddress Line2USAddress/AddressLine2Txt
MICHAEL D LATTA
816 S HANLEY ROAD UNIT 16ASAINT LOUISMO63105TRUSTEE0.50$0$0$0
MARGARET ANN LATTA
816 S HANLEY ROADSAINT LOUISMO63105TRUSTEE0.10$0$0$0UNIT 16A
ANN M SETTIMI
823 INGLESIDE PLACEEVANSTONIL60201TRUSTEE0.10$0$0$0
ADAM M GOFFSTEIN
4960 PERSHING PLACESAINT LOUISMO63108TRUSTEE0.10$0$0$0
MICHAEL D LATTA JR
155 N HANLEY ROAD UNIT 205SAINT LOUISMO63105TRUSTEE0.10$0$0$0UNIT 205
WILLIAM R LATTA
13505 WESTON PARK DRIVESAINT LOUISMO63131TRUSTEE0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$17,683AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$193,997AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$211,680TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$211,680AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,175CashDeemedCharitableAmt
Net Vl Noncharitable Assets$208,505NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,425MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,425MinimumInvestmentReturnAmt
Tax Based On Investment Income$620TaxBasedOnInvestmentIncomeAmt
Total Tax$620TotalTaxAmt
Distributable Before Adj$9,805DistributableBeforeAdjAmt
Distributable Before Ded$9,805DistributableBeforeDedAmt
Distributable As Adjusted$9,805DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$300,173ExpensesAndContributionsAmt
Qualifying Distributions$300,173QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,805DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,163ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,659ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$8,575ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$11,236ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,749ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$43,382TotalExcessDistributionCyovAmt
Qualifying Distributions$300,173QualifyingDistributionsAmt
Applied To Current Year$9,805AppliedToCurrentYearAmt
Remaining Distri From Corpus$290,368RemainingDistriFromCorpusAmt
Total Corpus$333,750TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,163ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$331,587ExcessDistriCyovToNextYrAmt
Excess From Year4$8,659ExcessFromYear4Amt
Excess From Year3$8,575ExcessFromYear3Amt
Excess From Year2$11,236ExcessFromYear2Amt
Excess From Year1$12,749ExcessFromYear1Amt
Excess From Current Year$290,368ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CITY ACADEMY
4175 N KINGSHIGHWAY BLVDSAINT LOUISMO63115501(C)3EDUCATION$10,000
THE MUNY
1 THEATRE DRIVESAINT LOUISMO63112501(C)3ARTS & EDUCATION$8,000
MICDS
101 N WARSON ROADSAINT LOUISMO63124501(C)3EDUCATION$9,000
ST LOUIS COMMUNITY FOUNDATION
2 OAK KNOLL PARKSAINT LOUISMO63105501(C)3EDUCATION$273,173
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$300,173TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$36RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,664RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$37,921RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$44,621RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44,621TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$2,295Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNm
BANK OF AMERICA
STIFEL FINANCIAL
ALIBABA GROUP HOLDING LTD
SCHWAB GOVT MONEY MARKET FUND

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationALL INVESTMENTS WERE SOLD ON THE OPEN MARKET. THE CASH WAS USED FOR FINAL PROFESSIONAL EXPENSES AND FEDERAL EXCISE TAX PAYMENTS. THE FUNDS WERE ALSO USED FOR CONTRIBUTIONS TO 501(C)3 CHARITIES TO TOTALLY DISBURSE THE CASH. THERE WERE NO OTHER ASSETS THAN THE CASH TO BE DISBURSED. THE RECIPIENT OF THE FINAL PAYMENT WAS THE SAINT LOUIS COMMUNITY FOUNDATION, WITH A PAYMENT OF 8,172.74 ON SEPTEMBER 30, 2024.ExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$204LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$12$12

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXESCategoryTxt
Amt$34Amt
Net Investment Income$34NetInvestmentIncomeAmt

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