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LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-13
IRS object ID
202003189349103430
Schema version
2019v5.0
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)
Return2020-11-13T13:46:07-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Line11321 Osos St Ste 110AddressLine1Txt
CitySan Luis ObispoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

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 TitlePresidentPersonTitleTxt
Signature2020-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSeth GibeautPreparerPersonNm
PTINP01426058PTIN
Phone8059960448PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$460,289FMVAssetsEOYAmt
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$20,110DividendsRevAndExpnssAmt
Dividends Net Invst Incm$20,110DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$21,111NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$267,951GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$21,111CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$41,221TotalRevAndExpnssAmt
Total Net Invst Incm$41,221TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,005AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$501AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$7,552OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,468OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,924TaxesRevAndExpnssAmt
Taxes Net Invst Incm$79TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$71OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$18OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$11,552TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,066TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,125ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,125ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$36,677TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,066TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,125TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,544ExcessRevenueOverExpensesAmt
Net Investment Income$39,155NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,479CashBOYAmt
Cash EOY$6,418CashEOYAmt
Cash EOYFMV$6,418CashEOYFMVAmt
Sav And Temp Cash Invst BOY$234,923SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$17,448SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$17,448SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$179,956OtherInvestmentsBOYAmt
Other Investments EOY$401,036OtherInvestmentsEOYAmt
Other Investments EOYFMV$436,423OtherInvestmentsEOYFMVAmt
Total Assets BOY$420,358TotalAssetsBOYAmt
Total Assets EOY$424,902TotalAssetsEOYAmt
Total Assets EOYFMV$460,289TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$420,358RetainedEarningBOYAmt
Retained Earning EOY$424,902RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$420,358TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$424,902TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$420,358TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$424,902TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$420,358TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,544ExcessRevenueOverExpensesAmt
Subtotal$424,902SubtotalAmt
Tot Net Ast Or Fund Balances EOY$424,902TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
5732.060 UNITS COLUMBIA FLT RTP2019-01-012019-05-28$51,417$50,794$623$623
1174.103 UNITS CATALYST HEDGE STRP2019-01-072019-05-31$36,256$35,000$1,256$1,256
4376.368 UNITS OPPEN E/MKT INNOV YP2019-01-072019-05-02$45,164$40,000$5,164$5,164
729.748 UNITS OPPEN GLB OPP YP2019-05-022019-05-13$42,953$45,164-$2,211-$2,211
216.731 UNITS PIONEER FDMNTL GRW YP2019-01-012019-05-13$5,251$4,950$301$301
3586.884 UNITS PIONEER FDMNTL GRW YP2001-01-012019-05-13$86,910$70,932$15,978$15,978
FieldValueIRS element (for citing)
Capital Gain Net Income$21,111CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$5,133NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$783InvestmentIncomeExciseTaxAmt
Subtotal$783SubtotalAmt
Tax Based On Investment Income$783TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,062EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,062TotalPaymentsAndCreditsAmt
Overpayment$1,279OverpaymentAmt
Applied To ES Tax$1,279AppliedToESTaxAmt

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 Line1193 FRONT STREETAddressLine1Txt
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LAURENCE R GAEBE
1942 RAYMOND AVETEMPLETONCA93405Vice President0.50$0
JOHN F SACHS
1510 HIGHERA STREETSAN LUIS OBISPOCA93401Secretary0.50$0
PAUL D PORTER
461 CORRIDA DRSAN LUIS OBISPOCA93401Treasurer0.50$0
ANNE E GAEBE HALL
PO BOX 696AVILA BEACHCA93424President0.50$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 $25,125 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$306,663AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$141,831AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$448,494TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$448,494AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,727CashDeemedCharitableAmt
Net Vl Noncharitable Assets$441,767NetVlNoncharitableAssetsAmt
Minimum Investment Return$22,088MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$22,088MinimumInvestmentReturnAmt
Tax Based On Investment Income$783TaxBasedOnInvestmentIncomeAmt
Total Tax$783TotalTaxAmt
Distributable Before Adj$21,305DistributableBeforeAdjAmt
Distributable Before Ded$21,305DistributableBeforeDedAmt
Distributable As Adjusted$21,305DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,125ExpensesAndContributionsAmt
Qualifying Distributions$25,125QualifyingDistributionsAmt
Adjusted Qualifying Distri$25,125AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,305DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,316ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$11,329ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$6,572ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$1,369ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$23,586TotalExcessDistributionCyovAmt
Qualifying Distributions$25,125QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$21,305AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,820RemainingDistriFromCorpusAmt
Total Corpus$27,406TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,316ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$23,090ExcessDistriCyovToNextYrAmt
Excess From Year4$11,329ExcessFromYear4Amt
Excess From Year3$6,572ExcessFromYear3Amt
Excess From Year1$1,369ExcessFromYear1Amt
Excess From Current Year$3,820ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CUESTA COLLEGE FOUNDATION
PO BOX 8106SAN LUIS OBISPOCA93403NONEPCEDUCATIONAL ASSISTANCE$10,000
FRIENDS OF 40 PRADO
PO BOX 12444SAN LUIS OBISPOCA93406NONEPCPUBLIC WELFARE$10,125
SURFRIDER FOUNDATION
PO BOX 73550SAN CLEMENTECA92673NONEPCENVIRONMENTAL SUPPORT$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,125TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$20,110ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$21,111ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$41,221ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$41,221TotalIncomeProducingActyAmt

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$2,005Amt
Net Investment Income$501NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$36$9
FEES$25$6
SUPPLIES$10$3

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$7,552Amt
Net Investment Income$1,468NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX WITHHELD$64$64
FRANCHISE TAX BOARD$60$15
INTERNAL REVENUE SERVICE$1,800

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