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LABATT FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LABATT FOUNDATION INC (EIN 26-0580240)
Tax period
2020-10-01 to 2021-09-30
Filed
2022-06-28
IRS object ID
202231799349100408
Schema version
2020v4.1
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)
Return2022-06-28T09:34:11-05:00ReturnTs
Tax Period End2021-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

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 Begin2020-10-01TaxPeriodBeginDt

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
Signature2022-05-15SignatureDt
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 Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$13,474,544FMVAssetsEOYAmt
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$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$237,038DividendsRevAndExpnssAmt
Dividends Net Invst Incm$237,038DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$687,192NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,942,623GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$687,192CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$924,236TotalRevAndExpnssAmt
Total Net Invst Incm$924,236TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$43,120OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$43,120OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,770TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$44,890TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$43,120TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$575,144ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$575,144ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$620,034TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$43,120TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$575,144TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$304,202ExcessRevenueOverExpensesAmt
Net Investment Income$881,116NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$23,123CashBOYAmt
Cash EOY$74,850CashEOYAmt
Cash EOYFMV$74,850CashEOYFMVAmt
Corporate Stock BOY$10,772,648CorporateStockBOYAmt
Corporate Stock EOY$11,101,908CorporateStockEOYAmt
Corporate Stock EOYFMV$13,399,694CorporateStockEOYFMVAmt
Total Assets BOY$10,795,771TotalAssetsBOYAmt
Total Assets EOY$11,176,758TotalAssetsEOYAmt
Total Assets EOYFMV$13,474,544TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$10,795,771RetainedEarningBOYAmt
Retained Earning EOY$11,099,973RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$10,795,771TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,099,973TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$10,795,771TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$11,099,973TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$10,795,771TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$304,202ExcessRevenueOverExpensesAmt
Subtotal$11,099,973SubtotalAmt
Tot Net Ast Or Fund Balances EOY$11,099,973TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ISHARES TR CORE MSCI LT DEC 2020P$415,555$414,943$612$612
VANGUARD INDEX FUND S&P 500 LT DEC 2020P$459,184$363,907$95,277$95,277
TCB ST TRANSACTIONS JAN-SEPT 2021P$1,233,381$1,180,573$52,808$52,808
TCB LT TRANSACTIONS JAN-SEPT 2021P$1,834,503$1,296,008$538,495$538,495
FieldValueIRS element (for citing)
Capital Gain Net Income$687,192CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$12,248InvestmentIncomeExciseTaxAmt
Subtotal$12,248SubtotalAmt
Tax Based On Investment Income$12,248TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,120EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$3,120TotalPaymentsAndCreditsAmt
Es Penalty$6EsPenaltyAmt
Tax Due$9,134TaxDueAmt

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
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 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$13,262,630AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$68,584AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,331,214TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$13,331,214AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$199,968CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,131,246NetVlNoncharitableAssetsAmt
Minimum Investment Return$656,562MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$656,562MinimumInvestmentReturnAmt
Tax Based On Investment Income$12,248TaxBasedOnInvestmentIncomeAmt
Total Tax$12,248TotalTaxAmt
Distributable Before Adj$644,314DistributableBeforeAdjAmt
Distributable Before Ded$644,314DistributableBeforeDedAmt
Distributable As Adjusted$644,314DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$575,144ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$575,144QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$575,144AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$644,314DistributableAsAdjustedAmt
Undistributed Income PY$570,317UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Total For Prior Years$536,782TotalForPriorYearsAmt
Qualifying Distributions$575,144QualifyingDistributionsAmt
Applied To Year1$570,317AppliedToYear1Amt
Applied To Current Year$4,827AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$536,782PriorYearUndistributedIncmAmt
Taxable1$536,782Taxable1Amt
Undistributed Income CY$639,487UndistributedIncomeCYAmt
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 (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Southwest Community Foundation
12700 Hillcrest Rd Suite 201DallasTX75230PCProgram Support$540,000
Houston Grand Opera
510 PrestonHoustonTX77002PCProgram Support$10,000
Opera San Antonio
4500 Industry Park DrSan AntonioTX78218PCProgram Support$20,000
Arc Humanities
6530 Wurzbach RoadSan AntonioTX78240PCProgram Support$5,144
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$575,144TotalGrantOrContriPdDurYrAmt

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$6ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$237,038ExclusionAmt
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 Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$687,192ExclusionAmt
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$924,236ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$924,236TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
WESTERN ASSET CORE BOND FUND$958,562$989,109
DODGE & COX INCOME FUND$386,172$404,790
EATON VANCE FLOATING RATE FUND$436,542$438,031
METRO WEST TOTAL RETURN BOND$760,441$791,824
PGIM HIGH YIELD FUND$482,935$497,737
VANGUARD TOTAL BOND MARKET$848,921$875,127
ISHARES TR S&P 500 GRWT ETF$693,529$662,086
ISHARES TR S&P 500 VAL ETF$631,133$681,438
ISHARES TR RUS MID CAP ETF$1,229,109$1,599,677
ISHARES TR CORE MSCI EAFE$1,254,042$1,428,199
ISHARES INCORPORATED CORE MSCI$415,421$426,268
VANGUARD INDEX FUNDS S&P 500$3,005,101$4,605,408

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKER FEECategoryTxt
Amt$43,120Amt
Net Investment Income$43,120NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS ES PAYMENTCategoryTxt
Amt$1,770Amt

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