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LABATT FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LABATT FOUNDATION INC (EIN 26-0580240)
Tax period
2021-10-01 to 2022-09-30
Filed
2023-08-08
IRS object ID
202332209349100718
Schema version
2021v4.2
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

FieldValueIRS element (for citing)
Return2023-08-08T13:00:21-05:00ReturnTs
Tax Period End2022-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19901 IH-10 Suite 500AddressLine1Txt
CitySan AntonioCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78230ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260580240EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LABATT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% GUY HAMILTONInCareOfNm
Business Name ControlLABABusinessNameControlTxt
Phone2106614216PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14500 Industry Park DrAddressLine1Txt
CitySan AntonioCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78218ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBlair LabattPersonNm
Person TitlePresidentPersonTitleTxt
Phone2103428000PhoneNum
Signature2023-07-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBlairPersonFirstNm
Person LastLabattPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKevin CaivanoPreparerPersonNm
PTINP02351562PTIN
Phone2103428000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$10,560,312FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$65InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$65InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$288,207DividendsRevAndExpnssAmt
Dividends Net Invst Incm$288,207DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$136,690NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,402,788GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$151,582TotalRevAndExpnssAmt
Total Net Invst Incm$288,272TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$860LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$6,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$42,468OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$42,468OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$21,807TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$71,885TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$42,468TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$640,738ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$640,738ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$712,623TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$42,468TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$640,738TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$561,041ExcessRevenueOverExpensesAmt
Net Investment Income$245,804NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$74,850CashBOYAmt
Cash EOY$53,252CashEOYAmt
Cash EOYFMV$53,252CashEOYFMVAmt
Corporate Stock BOY$11,101,908CorporateStockBOYAmt
Corporate Stock EOY$10,585,563CorporateStockEOYAmt
Corporate Stock EOYFMV$10,507,060CorporateStockEOYFMVAmt
Total Assets BOY$11,176,758TotalAssetsBOYAmt
Total Assets EOY$10,638,815TotalAssetsEOYAmt
Total Assets EOYFMV$10,560,312TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$11,099,973RetainedEarningBOYAmt
Retained Earning EOY$10,538,932RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,099,973TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$10,538,932TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,099,973TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,538,932TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,099,973TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$561,041ExcessRevenueOverExpensesAmt
Subtotal$10,538,932SubtotalAmt
Tot Net Ast Or Fund Balances EOY$10,538,932TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtAcquiredAcquiredDtSoldSoldDt
TCB ST TRANSACTIONSP$1,150,515$1,225,700-$75,185-$75,185
TCB LT TRANSACTIONSP$829,247$898,356-$69,109-$69,109
IEMG LTP$412,392$415,421-$3,029-$3,0292020-12-142022-01-12
CAPITAL GAIN DIVIDENDSP$10,634
CAPITAL GAIN DIVIDENDSP$10,634
CAPITAL GAIN DIVIDENDSP$10,634
FieldValueIRS element (for citing)
Capital Gain Net Income-$136,689CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,417InvestmentIncomeExciseTaxAmt
Subtotal$3,417SubtotalAmt
Tax Based On Investment Income$3,417TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$12,262EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$12,262TotalPaymentsAndCreditsAmt
Overpayment$8,845OverpaymentAmt
Applied To ES Tax$8,845AppliedToESTaxAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GUY HAMILTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2106614216PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14500 INDUSTRY PARKAddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78218ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Blair P Labatt Jr
4500 Industry Park DrSan AntonioTX78218President1.0$0$0$0
Annie M Labatt
4500 Industry Park DrSan AntonioTX78218Vice President1.0$0$0$0
Al Silva
4500 Industry Park DrSan AntonioTX78218Secretary/Treasurer1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$12,500,553AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$479,987AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,980,540TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$12,980,540AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$194,708CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,785,832NetVlNoncharitableAssetsAmt
Minimum Investment Return$639,292MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$639,292MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,417TaxBasedOnInvestmentIncomeAmt
Total Tax$3,417TotalTaxAmt
Distributable Before Adj$635,875DistributableBeforeAdjAmt
Distributable Before Ded$635,875DistributableBeforeDedAmt
Distributable As Adjusted$635,875DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$640,738ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$640,738QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$635,875DistributableAsAdjustedAmt
Undistributed Income PY$639,487UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Total For Prior Years$1,107,099TotalForPriorYearsAmt
Qualifying Distributions$640,738QualifyingDistributionsAmt
Applied To Year1$639,487AppliedToYear1Amt
Applied To Current Year$1,251AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$1,107,099PriorYearUndistributedIncmAmt
Taxable1$1,107,099Taxable1Amt
Undistributed Income CY$634,624UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBLAIR P LABATT JRContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxt
Houston Grand Opera
510 PrestonHoustonTX77002PCProgram Support$10,738
Opera San Antonio
4500 Industry Park DrSan AntonioTX78218PCProgram Support$25,000
Alamo Heights Presbyterian
6201 BroadwaySan AntonioTX78209PCProgram Support$10,000
Christus Children's Hospital of San Antonio
333 N Santa Rosa StSan AntonioTX78207PCProgram Support$25,000
CHILDRENS BEREAVEMENT CENTER
205 W Olmos DrSan AntonioTX78212PCProgram Support$5,000
Phil Hardberger Park Conservancy
1021 Voelcker Ln 4San AntonioTX78248PCProgram Support$3,000N/A
Southwest Community Foundation
12700 Hillcrest Rd Suite 201DALLASTX75230PCProgram Support$562,000N/A
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$640,738TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$65ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$288,207ExclusionAmt
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-$136,690ExclusionAmt
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$151,582ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$151,582TotalIncomeProducingActyAmt

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 (2 entries)

CategoryCategoryTxtAmtAmt
RSM$4,000
BDO$2,750

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CALVERT SHORT DURATION INCOME$139,312$133,988
DODGE & COX INCOME FUND$397,688$349,609
EATON VANCE FLOATING RATE FUND$452,865$417,763
METRO WEST TOTAL RETURN BOND$774,928$660,881
VANGUARD TOTAL BOND MARKET$1,302,736$1,154,263
WESTERN ASSET CCORE PLUS$986,004$776,294
ISHARES TR S&P 500 VAL ETF$631,133$602,245
ISHARES TR RUS MID CAP ETF$1,229,110$1,271,030
ISHARES TR CORE MSCI EAFE$1,666,686$1,307,428
VANGUARD INDEX FUNDS S&P 500$3,005,101$3,833,559

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$860LegalFeesAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKER FEECategoryTxt
Amt$42,468Amt
Net Investment Income$42,468NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS ES PAYMENTSCategoryTxt
Amt$21,807Amt

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