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LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-05
IRS object ID
202503099349101675
Schema version
2024v5.2
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)
Return2025-11-05T12:17:39-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Line1669 Pacific St Ste BAddressLine1Txt
CitySan Luis ObispoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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 TitlePresident & CEOPersonTitleTxt
Signature2025-11-05SignatureDt
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 PersonSeth GibeautPreparerPersonNm
PTINP01426058PTIN
Phone8059960448PhoneNum
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$613,665FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$206,115ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$10,366DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,366DividendsNetInvstIncmAmt
Dividends Adj Net Incm$10,366DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$5,662NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$39,656GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,662CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$9NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$222,143TotalRevAndExpnssAmt
Total Net Invst Incm$16,028TotalNetInvstIncmAmt
Total Adj Net Incm$10,375TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,965AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$741AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$6,134OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,952OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$9,124TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,699TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$29,124TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,699TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$193,019ExcessRevenueOverExpensesAmt
Net Investment Income$9,329NetInvestmentIncomeAmt
Adjusted Net Income$10,375AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,622CashBOYAmt
Cash EOY$6,389CashEOYAmt
Cash EOYFMV$6,389CashEOYFMVAmt
Sav And Temp Cash Invst BOY$9,840SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$434SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$434SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$206,115CorporateStockEOYAmt
Corporate Stock EOYFMV$201,435CorporateStockEOYFMVAmt
Other Investments BOY$322,795OtherInvestmentsBOYAmt
Other Investments EOY$317,338OtherInvestmentsEOYAmt
Other Investments EOYFMV$405,407OtherInvestmentsEOYFMVAmt
Total Assets BOY$337,257TotalAssetsBOYAmt
Total Assets EOY$530,276TotalAssetsEOYAmt
Total Assets EOYFMV$613,665TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$337,257RetainedEarningBOYAmt
Retained Earning EOY$530,276RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$337,257TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$530,276TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$337,257TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$530,276TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$337,257TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$193,019ExcessRevenueOverExpensesAmt
Subtotal$530,276SubtotalAmt
Tot Net Ast Or Fund Balances EOY$530,276TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
WIPIXP2024-01-012024-12-09$860$851$9$9
NLSIXP2019-05-312024-11-25$21,000$15,686$5,314$5,314
WIPIXP2001-01-012024-12-09$17,796$17,457$339$339
FieldValueIRS element (for citing)
Capital Gain Net Income$5,662CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$9NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$130InvestmentIncomeExciseTaxAmt
Subtotal$130SubtotalAmt
Tax Based On Investment Income$130TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$921EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$921TotalPaymentsAndCreditsAmt
Overpayment$791OverpaymentAmt
Applied To ES Tax$791AppliedToESTaxAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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 Line1132 1ST STAddressLine1Txt
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LAURENCE R GAEBE
1942 RAYMOND AVETEMPLETONCA93405CFO0.50$0
MICHAEL HALL
PO BOX 693AVILA BEACHCA93424Secretary0.50$0
ANNE E GAEBE HALL
PO BOX 696AVILA BEACHCA93424CEO0.50$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 $20,000 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$415,551AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,674AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$426,225TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$426,225AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,393CashDeemedCharitableAmt
Net Vl Noncharitable Assets$419,832NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,992MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,992MinimumInvestmentReturnAmt
Tax Based On Investment Income$130TaxBasedOnInvestmentIncomeAmt
Total Tax$130TotalTaxAmt
Distributable Before Adj$20,862DistributableBeforeAdjAmt
Distributable Before Ded$20,862DistributableBeforeDedAmt
Distributable As Adjusted$20,862DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,000ExpensesAndContributionsAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,862DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,820ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,576ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$1,781ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$8,177TotalExcessDistributionCyovAmt
Qualifying Distributions$20,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$20,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$862ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$862ExcessDistributionCyovAppCYAmt
Total Corpus$7,315TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,958ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,357ExcessDistriCyovToNextYrAmt
Excess From Year4$2,576ExcessFromYear4Amt
Excess From Year2$1,781ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 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
SLO FOOD BANK
1180 KENDALL ROADSAN LUIS OBISPOCA93401NONEPCFOOD ASSISTANCE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,366ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$5,662ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,028ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,028TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonANNE GAEBE HALLContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 693AddressLine1Txt
CityAVILA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93424ZIPCd
FieldValueIRS element (for citing)
Total Contributions$206,115TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1,500 SHARES OF NVIDIA CORPORATIONNoncashPropertyDesc
Fair Market Value$206,115FairMarketValueAmt
Received2024-12-23ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$2,965Amt
Net Investment Income$741NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKSStockNm
EOY Book Value$206,115EOYBookValueAmt
EOYFMV$201,435EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFEESDesc
Revenue And Expenses Per Books$25RevenueAndExpensesPerBooksAmt
Net Investment Income$6NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES$5,891$5,891$0$0
OTHER PROFESSIONAL FEES$243$61$0$0

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonANNE GAEBE HALLPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 693AddressLine1Txt
CityAVILA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93424ZIPCd

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