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KATHLEEN MAURER FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KATHLEEN MAURER FOUNDATION (EIN 47-1616467)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-28
IRS object ID
202401499349100605
Schema version
2023v5.0
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)
Return2024-05-28T07:23:25-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN934563647PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Carpenter Petersen & Associates CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line126020 Towne Centre DriveAddressLine1Txt
CityFoothill RanchCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92610ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471616467EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHLEEN MAURER FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKATHBusinessNameControlTxt
Phone9499513200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15050 E 2ND ST UNIT 14417AddressLine1Txt
CityLONG BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90803ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID H ROMANPersonNm
Person TitleCFOPersonTitleTxt
Signature2024-05-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVID HPersonFirstNm
Person LastROMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGino GalantePreparerPersonNm
PTINP00170369PTIN
Phone9499513200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,940,406FMVAssetsEOYAmt
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$4,811InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,811InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4,811InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$23,345DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,345DividendsNetInvstIncmAmt
Dividends Adj Net Incm$23,345DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$2,850NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$457,339GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,850CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$31,006TotalRevAndExpnssAmt
Total Net Invst Incm$31,006TotalNetInvstIncmAmt
Total Adj Net Incm$28,156TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$18,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$18,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$8,445AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,111AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$6,334AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$26,426OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$26,426OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,030TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$2,030TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$3,516OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$3,516OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$58,417TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$28,537TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$29,880TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$55,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$55,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$113,417TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$28,537TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$84,880TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$82,411ExcessRevenueOverExpensesAmt
Net Investment Income$2,469NetInvestmentIncomeAmt
Adjusted Net Income$28,156AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$24,618CashBOYAmt
Cash EOY$86,473CashEOYAmt
Cash EOYFMV$86,473CashEOYFMVAmt
Corporate Stock BOY$1,120,908CorporateStockBOYAmt
Corporate Stock EOY$976,642CorporateStockEOYAmt
Corporate Stock EOYFMV$1,853,933CorporateStockEOYFMVAmt
Total Assets BOY$1,145,526TotalAssetsBOYAmt
Total Assets EOY$1,063,115TotalAssetsEOYAmt
Total Assets EOYFMV$1,940,406TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,145,526RetainedEarningBOYAmt
Retained Earning EOY$1,063,115RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,145,526TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,063,115TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,145,526TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,063,115TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,145,526TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$82,411ExcessRevenueOverExpensesAmt
Subtotal$1,063,115SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,063,115TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
CAPITAL GAIN DISTRIBUTIONSP2019-01-202023-02-20$14,918$14,918$14,918
CITIBANKP2023-01-202023-12-20$19,352-$366-$366$19,718
CITIBANKP2019-01-202023-12-20$406,940-$26,099-$26,099$433,039
CITIBANKP2019-12-022023-12-20$16,129$14,397$14,397$1,732
FieldValueIRS element (for citing)
Capital Gain Net Income$2,850CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$366NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$34InvestmentIncomeExciseTaxAmt
Subtotal$34SubtotalAmt
Tax Based On Investment Income$34TaxBasedOnInvestmentIncomeAmt
Tax Due$34TaxDueAmt
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 EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GINO GALANTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9499513200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line126020 TOWNE CENTRE DRIVEAddressLine1Txt
CityFOOTHILL RANCHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92610ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DAVID H ROMAN
5050 E 2ND ST UNIT 14417LONG BEACHCA90803CFO0.00$0
Ann Rorrer
5050 E 2ND ST UNIT 14417Long BeachCA90803CEO/Trustee4.00$18,000
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,741,441AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$55,546AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,796,987TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,796,987AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,955CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,770,032NetVlNoncharitableAssetsAmt
Minimum Investment Return$88,502MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$88,502MinimumInvestmentReturnAmt
Tax Based On Investment Income$34TaxBasedOnInvestmentIncomeAmt
Total Tax$34TotalTaxAmt
Distributable Before Adj$88,468DistributableBeforeAdjAmt
Distributable Before Ded$88,468DistributableBeforeDedAmt
Distributable As Adjusted$88,468DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$84,880ExpensesAndContributionsAmt
Qualifying Distributions$84,880QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$88,468DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$8,190ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1$2,854ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$11,044TotalExcessDistributionCyovAmt
Qualifying Distributions$84,880QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$84,880AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$3,588ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$3,588ExcessDistributionCyovAppCYAmt
Total Corpus$7,456TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,602ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,854ExcessDistriCyovToNextYrAmt
Excess From Year1$2,854ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
OLIVE CREST
917 PINE AVENUELONG BEACHCA90813DONEE501(c)(3)TO SUPPORT CRITICAL PROGRAMS THAT PROVIDE SHELTER, TREATMENT AND CARE FOR AT-RISK YOUTH.$10,000
CITY OF HOPE
1055 WILSHIRE BLVD 1200LOS ANGELESCA90017DONEE501(C)(3)FOR RESEARCH ON NEW MEDICAL, CANCER AND DIABETES TREATMENTS FOR CHILDREN.$10,000
DOCTORS WITHOUT BORDERS
333 SEVENTH AVENUE SECOND FLOORNEW YORK CITYNY10001DONEE501(C)(3)FOR THE MEDICAL ASSISTANCE AND TREATMENT OF CHILDRENS HEALTH ISSUES.$15,000
GARFIELD HIGH SCHOOL
5101 E 6TH STREETLOS ANGELESCA90022DONEE501(C)(3)DONATE TO THE HIGH SCHOOL'S SCHOLARSHIP FUND.$10,000
ST JUDE CHILDRENS RESEARCH HOSPITAL
501 ST JUDE PLACEMEMPHISTN38105DONEE501(C)(3)FOR THE HEALTH AND WELFARE OF CHILDREN WITH CANCER AND OTHER DEADLY DISEASES.$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$55,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,811ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,345ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,850RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,156ExclusionAmt
Related Or Exempt Function Incm$2,850RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$31,006TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number8LineNumberTxt
Relationship StatementGENERATED BY PRUDENT INVESTING OF FUNDS AND FUNDS ON HAND PRIOR TO EXPENDITURE.RelationshipStatementTxt

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)
Amt$8,445Amt
Net Investment Income$2,111NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,334DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES$30$30
INSURANCE$1,448$1,448
LEGAL FEES$570$570
MEALS & ENTERTAINMENT$58$58
OFFICE EXPENSE$218$218
PAYROLL FEES$898$898
POSTAGE$294$294

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKERAGE FEESCategoryTxt
Amt$26,426Amt
Net Investment Income$26,426NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES PAID$112$112
OTHER TAXES$457$457
PAYROLL TAXES$1,461$1,461

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