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LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-26
IRS object ID
202412399349100566
Schema version
2023v5.1
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)
Return2024-08-26T10:42:36-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN815212362PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Seth Gibeaut CPA A Professional CorpBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1669 Pacific St Ste BAddressLine1Txt
CitySan Luis ObispoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770440553EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAURENCE C GAEBE FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2INCORPORATEDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLAURBusinessNameControlTxt
Phone8055436315PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 693AddressLine1Txt
CityAVILA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93424ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANNE GAEBE HALLPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2024-08-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSeth GibeautPreparerPersonNm
PTINP01426058PTIN
Phone8059960448PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$390,626FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$8,854DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,854DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$4,286NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$240,857GrossSalesPriceAmt
Total Rev And Expnss$4,568TotalRevAndExpnssAmt
Total Net Invst Incm$8,854TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,560AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$640AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$3,873OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,873OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$62TaxesRevAndExpnssAmt
Taxes Net Invst Incm$62TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$37OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$6,532TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,584TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$26,532TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,584TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$21,964ExcessRevenueOverExpensesAmt
Net Investment Income$4,270NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,219CashBOYAmt
Cash EOY$4,622CashEOYAmt
Cash EOYFMV$4,622CashEOYFMVAmt
Sav And Temp Cash Invst BOY$43,632SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$9,840SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$9,840SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$308,370OtherInvestmentsBOYAmt
Other Investments EOY$322,795OtherInvestmentsEOYAmt
Other Investments EOYFMV$376,164OtherInvestmentsEOYFMVAmt
Total Assets BOY$359,221TotalAssetsBOYAmt
Total Assets EOY$337,257TotalAssetsEOYAmt
Total Assets EOYFMV$390,626TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$359,221RetainedEarningBOYAmt
Retained Earning EOY$337,257RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$359,221TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$337,257TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$359,221TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$337,257TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$359,221TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$21,964ExcessRevenueOverExpensesAmt
Subtotal$337,257SubtotalAmt
Tot Net Ast Or Fund Balances EOY$337,257TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
AFOZXP2023-01-262023-05-16$39,028$40,000-$972-$972
ADFIXP2023-01-012023-08-09$17,199$17,629-$430-$430
TWVLXP2023-01-012023-05-16$2,316$2,366-$50-$50
LVHDP2023-01-012023-05-16$36,242$38,304-$2,062-$2,062
SPYP2022-11-082023-01-26$60,463$57,723$2,740$2,740
TSTIXP2023-01-012023-09-21$70,431$71,131-$700-$700
TWVLXP2022-04-222023-05-16$15,178$17,990-$2,812-$2,812
FieldValueIRS element (for citing)
Capital Gain Net Income-$4,286CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,474NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$59InvestmentIncomeExciseTaxAmt
Subtotal$59SubtotalAmt
Tax Based On Investment Income$59TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$980EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$980TotalPaymentsAndCreditsAmt
Overpayment$921OverpaymentAmt
Applied To ES Tax$921AppliedToESTaxAmt

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 Line1ANNE GAEBE-HALLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8055436315PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1132 1ST STAddressLine1Txt
CityAVILA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93424ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LAURENCE R GAEBE
1942 RAYMOND AVETEMPLETONCA93405CFO0.50$0
MICHAEL HALL
PO BOX 693AVILA BEACHCA93424Secretary0.50$0
ANNE E GAEBE HALL
PO BOX 696AVILA BEACHCA93424CEO0.50$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONOPERATING PRIVATE FOUNDATION MADE CHARITABLE CONTRIBUTIONS OF $20,000 TO OTHER CHARITABLE ORGANIZATIONS DURING THE YEAR. SEE PART XV FOR DETAILS OF DONATIONS.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$381,162AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$34,890AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$416,052TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$416,052AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,241CashDeemedCharitableAmt
Net Vl Noncharitable Assets$409,811NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,491MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,491MinimumInvestmentReturnAmt
Tax Based On Investment Income$59TaxBasedOnInvestmentIncomeAmt
Total Tax$59TotalTaxAmt
Distributable Before Adj$20,432DistributableBeforeAdjAmt
Distributable Before Ded$20,432DistributableBeforeDedAmt
Distributable As Adjusted$20,432DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,000ExpensesAndContributionsAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,432DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,369ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$3,820ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,576ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$1,781ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$9,546TotalExcessDistributionCyovAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$20,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$432ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$432ExcessDistributionCyovAppCYAmt
Total Corpus$9,114TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$937ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$8,177ExcessDistriCyovToNextYrAmt
Excess From Year4$3,820ExcessFromYear4Amt
Excess From Year3$2,576ExcessFromYear3Amt
Excess From Year1$1,781ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonCUESTA COLLEGE FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 8106AddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93403ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeEDUCATIONAL ASSISTANCEGrantOrContributionPurposeTxt
Amt$20,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,854ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$4,286RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,854ExclusionAmt
Related Or Exempt Function Incm-$4,286RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,568TotalIncomeProducingActyAmt

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)
CategoryTAX PREPARATIONCategoryTxt
Amt$2,560Amt
Net Investment Income$640NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$12$3
FEES$25$6

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$3,873Amt
Net Investment Income$3,873NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX WITHHELDCategoryTxt
Amt$62Amt
Net Investment Income$62NetInvestmentIncomeAmt

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