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KATHLEEN MAURER FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KATHLEEN MAURER FOUNDATION (EIN 47-1616467)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-27
IRS object ID
202501479349100305
Schema version
2024v5.1
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)
Return2025-05-27T07:47:16-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-05-27SignatureDt
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 PersonGino GalantePreparerPersonNm
PTINP00170369PTIN
Phone9499513200PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,267,973FMVAssetsEOYAmt
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$26,592DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,592DividendsNetInvstIncmAmt
Dividends Adj Net Incm$26,592DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$162,236NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$236,677GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$162,236CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$188,828TotalRevAndExpnssAmt
Total Net Invst Incm$188,828TotalNetInvstIncmAmt
Total Adj Net Incm$26,592TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$18,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$18,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$8,020AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,005AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$6,015AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$30,662OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$30,662OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,784TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$1,784TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$3,474OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$3,474OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$61,940TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$32,667TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$29,273TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$85,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$85,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$146,940TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$32,667TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$114,273TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$41,888ExcessRevenueOverExpensesAmt
Net Investment Income$156,161NetInvestmentIncomeAmt
Adjusted Net Income$26,592AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$86,473CashBOYAmt
Cash EOY$46,819CashEOYAmt
Cash EOYFMV$46,819CashEOYFMVAmt
Corporate Stock BOY$976,642CorporateStockBOYAmt
Corporate Stock EOY$1,058,183CorporateStockEOYAmt
Corporate Stock EOYFMV$2,221,154CorporateStockEOYFMVAmt
Other Assets EOY$1OtherAssetsEOYAmt
Total Assets BOY$1,063,115TotalAssetsBOYAmt
Total Assets EOY$1,105,003TotalAssetsEOYAmt
Total Assets EOYFMV$2,267,973TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,063,115RetainedEarningBOYAmt
Retained Earning EOY$1,105,003RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,063,115TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,105,003TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,063,115TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,105,003TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,063,115TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$41,888ExcessRevenueOverExpensesAmt
Subtotal$1,105,003SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,105,003TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PERSHING LLCP2024-01-202024-12-20$33,600$35,173-$1,573-$1,573
PERSHING LLCP2019-01-202024-12-20$113,768$31,597$82,171$82,171
150 BOEING CO COMP2008-10-132024-10-03$22,799$6,805$15,994$15,994
25 LILLY ELI & CO COMP2010-07-162024-10-03$22,168$866$21,302$21,302
CAPITAL GAIN DISTRIBUTIONSP2020-01-202024-01-20$44,342$44,342$44,342
FieldValueIRS element (for citing)
Capital Gain Net Income$162,236CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,573NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,171InvestmentIncomeExciseTaxAmt
Subtotal$2,171SubtotalAmt
Tax Based On Investment Income$2,171TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$2EsPenaltyAmt
Tax Due$2,173TaxDueAmt
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$2,037,543AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,646AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,104,189TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,104,189AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,563CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,072,626NetVlNoncharitableAssetsAmt
Minimum Investment Return$103,631MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$103,631MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,171TaxBasedOnInvestmentIncomeAmt
Total Tax$2,171TotalTaxAmt
Distributable Before Adj$101,460DistributableBeforeAdjAmt
Distributable Before Ded$101,460DistributableBeforeDedAmt
Distributable As Adjusted$101,460DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$114,273ExpensesAndContributionsAmt
Qualifying Distributions$114,273QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$101,460DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$2,854ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$2,854TotalExcessDistributionCyovAmt
Qualifying Distributions$114,273QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$101,460AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,813RemainingDistriFromCorpusAmt
Total Corpus$15,667TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$15,667ExcessDistriCyovToNextYrAmt
Excess From Year2$2,854ExcessFromYear2Amt
Excess From Current Year$12,813ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 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.$30,000
CITY OF HOPE
1055 WILSHIRE BLVD 1200LOS ANGELESCA90017DONEE501(C)(3)FOR RESEARCH ON NEW MEDICAL, CANCER AND DIABETES TREATMENTS FOR CHILDREN.$20,000
DOCTORS WITHOUT BORDERS
333 SEVENTH AVENUE SECOND FLOORNEW YORK CITYNY10001DONEE501(C)(3)FOR THE MEDICAL ASSISTANCE AND TREATMENT OF CHILDRENS HEALTH ISSUES.$10,000
JAMES GARFIELD HIGH SCHOOL SCHOLARSHIP
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
SKILLS ORGANIZATION
7702 WASHINGTON AVEWHITTIERCA90602DONEE501(C)(3)TO SUPPORT KIDS IN LIVING AND LEARNING SUCCESSFULLY.$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$85,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,592ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$162,236RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,592ExclusionAmt
Related Or Exempt Function Incm$162,236RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$188,828TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$8,020Amt
Net Investment Income$2,005NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,015DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$1EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES$15$15
INSURANCE$1,473$1,473
MEALS & ENTERTAINMENT$408$408
OFFICE EXPENSE$425$425
PAYROLL FEES$845$845
POSTAGE$308$308

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKERAGE FEESCategoryTxt
Amt$30,662Amt
Net Investment Income$30,662NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES PAID$152$152
OTHER TAXES$59$59
PAYROLL TAXES$1,573$1,573

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