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OLTMANS CONSTRUCTION COMPANY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
OLTMANS CONSTRUCTION COMPANY FOUNDATION (EIN 95-4790252)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-10
IRS object ID
202341309349104564
Schema version
2022v5.0
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)
Return2023-05-10T16:27:25-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120 Pacifica Suite 700AddressLine1Txt
CityIrvineCityNm
State AbbreviationCAStateAbbreviationCd
ZIP926183391ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954790252EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Oltmans Construction Co FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JASON KAKIMOTOInCareOfNm
Business Name ControlOLTMBusinessNameControlTxt
Phone5629484242PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110005 MISSION MILL ROADAddressLine1Txt
CityWHITTIERCityNm
State AbbreviationCAStateAbbreviationCd
ZIP906080985ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJASON KAKIMOTOPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone5629484242PhoneNum
Signature2023-05-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJASONPersonFirstNm
Person LastKAKIMOTOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRUYUE ZHANGPreparerPersonNm
PTINP01973710PTIN
Phone9498855400PhoneNum
Preparation2023-05-02PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$874,850FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$21,736DividendsRevAndExpnssAmt
Dividends Net Invst Incm$21,736DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$37,829NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$37,829GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$37,829CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$59,565TotalRevAndExpnssAmt
Total Net Invst Incm$59,565TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$5,485OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,485OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,485TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,485TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$92,696ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$92,696ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$98,181TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,485TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$92,696TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$38,616ExcessRevenueOverExpensesAmt
Net Investment Income$54,080NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$23,034SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$85,667SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$85,667SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$198,761CorporateStockBOYAmt
Corporate Stock EOY$469,938CorporateStockEOYAmt
Corporate Stock EOYFMV$520,321CorporateStockEOYFMVAmt
Corporate Bonds BOY$111,767CorporateBondsBOYAmt
Corporate Bonds EOY$180,221CorporateBondsEOYAmt
Corporate Bonds EOYFMV$156,727CorporateBondsEOYFMVAmt
Other Investments BOY$59,874OtherInvestmentsBOYAmt
Other Investments EOY$118,994OtherInvestmentsEOYAmt
Other Investments EOYFMV$112,135OtherInvestmentsEOYFMVAmt
Total Assets BOY$393,436TotalAssetsBOYAmt
Total Assets EOY$854,820TotalAssetsEOYAmt
Total Assets EOYFMV$874,850TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$393,436RetainedEarningBOYAmt
Retained Earning EOY$854,820RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$393,436TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$854,820TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$393,436TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$854,820TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$393,436TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$38,616ExcessRevenueOverExpensesAmt
Other Increases$500,000OtherIncreasesAmt
Subtotal$854,820SubtotalAmt
Tot Net Ast Or Fund Balances EOY$854,820TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyAVAILABLE UPON REQUESTPropertyDesc
Gross Sales Price$37,829GrossSalesPriceAmt
Gain Or Loss$37,829GainOrLossAmt
Gains Minus Excess Or Losses$37,829GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$37,829CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$752InvestmentIncomeExciseTaxAmt
Subtotal$752SubtotalAmt
Tax Based On Investment Income$752TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$752TaxDueAmt

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 Line1JASON KAKIMOTOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5629484242PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110005 MISSION MILL ROADAddressLine1Txt
CityWHITTIERCityNm
State AbbreviationCAStateAbbreviationCd
ZIP906080985ZIPCd
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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
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
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOSEPH O OLTMANS
10005 MISSION MILL ROADWHITTIERCA90608CHAIRMAN0.5$0$0$0
JOHN GORMLY
10005 MISSION MILL ROADWHITTIERCA90608PRESIDENT0.5$0$0$0
CHARLIE ROY
10005 MISSION MILL ROADWHITTIERCA90608VICE PRESIDENT0.5$0$0$0
TONY PEREZ
10005 MISSION MILL ROADWHITTIERCA90608VICE PRESIDENT0.5$0$0$0
JAMES BOGLE
10005 MISSION MILL ROADWHITTIERCA90608VICE PRESIDENT0.5$0$0$0
JAMES WOODSIDE
10005 MISSION MILL ROADWHITTIERCA90608VICE PRESIDENT0.5$0$0$0
JASON KAKIMOTO
10005 MISSION MILL ROADWHITTIERCA90608VICE PRESIDENT0.5$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$690,504AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$75,421AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$765,925TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$765,925AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,489CashDeemedCharitableAmt
Net Vl Noncharitable Assets$754,436NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,722MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,722MinimumInvestmentReturnAmt
Tax Based On Investment Income$752TaxBasedOnInvestmentIncomeAmt
Total Tax$752TotalTaxAmt
Distributable Before Adj$36,970DistributableBeforeAdjAmt
Distributable Before Ded$36,970DistributableBeforeDedAmt
Distributable As Adjusted$36,970DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$92,696ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$92,696QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,970DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$10,349ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$31,015ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$141,276ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$563,794ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$746,434TotalExcessDistributionCyovAmt
Qualifying Distributions$92,696QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$36,970AppliedToCurrentYearAmt
Remaining Distri From Corpus$55,726RemainingDistriFromCorpusAmt
Total Corpus$802,160TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$10,349ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$791,811ExcessDistriCyovToNextYrAmt
Excess From Year4$31,015ExcessFromYear4Amt
Excess From Year3$141,276ExcessFromYear3Amt
Excess From Year1$563,794ExcessFromYear1Amt
Excess From Current Year$55,726ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Link Players International Inc
755 N Peach Avenue Suite E11ClovisCA93611N/A 501(c)(3)Links Players is an organization that connects people who seek God and enjoy golf.$29,700
Olive Crest Academy
2190 N Canal StOrangeCA92865N/A 501(c)(3)Olive Crest Academy is an organization that focus on the unique needs of the whole child, ensuring every student is provided the support, resources, and instruction they need to grow in all areas of life.$62,996
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$92,696TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,736ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$37,829ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$59,565ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$59,565TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondFIXED INCOME (ATTACHMENT 9)BondNm
EOY Book Value$180,221EOYBookValueAmt
EOYFMV$156,727EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIES (ATTACHMENT 9)StockNm
EOY Book Value$469,938EOYBookValueAmt
EOYFMV$520,321EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
COMMODITIES FUNDS (ATTACHMENT$23,302$21,591
HEDGE FUNDS (ATTACHMENT 9)$95,692$90,544

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCONTRIBUTIONDesc
Amt$500,000Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$5,485Amt
Net Investment Income$5,485NetInvestmentIncomeAmt

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