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LONGAKER FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
LONGAKER FOUNDATION (EIN 76-0664608)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-05-15
IRS object ID
201931359349102013
Schema version
2018v3.1
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)
Return2019-05-15T09:28:17-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Valhalla Advisors LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15120 Woodway Dr Suite 9007AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77056ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760664608EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Longaker FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLONGBusinessNameControlTxt
Phone2819807420PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 Cypress Ridge LaneAddressLine1Txt
CitySugar LandCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77479ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBruce LongakerPersonNm
Person TitlePresidentPersonTitleTxt
Phone2819807420PhoneNum
Signature2019-05-08SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeff BallietPreparerPersonNm
PTINP01478768PTIN
Phone7139828552PhoneNum
Preparation2019-05-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address67.200.181.26IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-15IPDt
IP Tm09:28:11IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id7C5096D759B3C12BA253018D76E0498C634E22B4AtSubmissionCreationDeviceId
At Submission Filing Device Id7C5096D759B3C12BA253018D76E0498C634E22B4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$172,923FMVAssetsEOYAmt
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$10,808DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,808DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$10,808TotalRevAndExpnssAmt
Total Net Invst Incm$10,808TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$800AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$175OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$175OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss$301InterestRevAndExpnssAmt
Interest Net Invst Incm$301InterestNetInvstIncmAmt
Taxes Rev And Expnss$0TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,276TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,276TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$23,800ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$23,800ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,076TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,276TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$23,800TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,268ExcessRevenueOverExpensesAmt
Net Investment Income$9,532NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,296CashBOYAmt
Cash EOY$0CashEOYAmt
Cash EOYFMV$0CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$429,957CorporateStockBOYAmt
Corporate Stock EOY$429,947CorporateStockEOYAmt
Corporate Stock EOYFMV$172,923CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$438,253TotalAssetsBOYAmt
Total Assets EOY$429,947TotalAssetsEOYAmt
Total Assets EOYFMV$172,923TotalAssetsEOYFMVAmt
Accounts Payable EOY$5,962AccountsPayableEOYAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$5,962TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$438,253CapitalStockBOYAmt
Capital Stock EOY$423,985CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$438,253TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$423,985TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$438,253TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$429,947TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$438,253TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,268ExcessRevenueOverExpensesAmt
Subtotal$423,985SubtotalAmt
Tot Net Ast Or Fund Balances EOY$423,985TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$21,400AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$313,895NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.068176DistributionYr1Rt
Adjusted Qlfy Distri Yr2$25,860AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$377,035NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.068588DistributionYr2Rt
Adjusted Qlfy Distri Yr3$47,102AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$401,388NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.117348DistributionYr3Rt
Adjusted Qlfy Distri Yr4$34,525AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$490,475NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.070391DistributionYr4Rt
Adjusted Qlfy Distri Yr5$28,205AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$392,934NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.071781DistributionYr5Rt
Total Distribution0.396284TotalDistributionRt
Average Distribution0.079257AverageDistributionRt
Net Vl Noncharitable Assets$258,509NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$20,489AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$95NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$20,584AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$23,800QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$95InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$95SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$95TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,482EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,482TotalPaymentsAndCreditsAmt
Original Return Overpayment-$1,482OriginalReturnOverpaymentAmt
Overpayment$1,387OverpaymentAmt
Applied To ES Tax$1,387AppliedToESTaxAmt

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 StateTXOrgReportOrRegisterStateCd
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
Individual With BooksBRUCE LONGAKERIndividualWithBooksNm
Phone2819807420PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 Cypress Ridge LaneAddressLine1Txt
CitySugar LandCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77479ZIPCd
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

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
BRUCE LONGAKER
12 CYPRESS RIDGE LN SUGARLANDTX77479PRES. & DIRCTOR3.00$0$0$0
JENNIFER MAXHEIMER
5002 CYPREWSS SPRING SUGARLANDTX77549DIRCTOR1.00$0$0$0
SHERRI LOEFFELHOLZ
5600-A KINGFISH DRLUTXFL33549SEC. & DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$262,246AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$200AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$262,446TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$262,446AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,937CashDeemedCharitableAmt
Net Vl Noncharitable Assets$258,509NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,925MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,925MinimumInvestmentReturnAmt
Tax Based On Investment Income$95TaxBasedOnInvestmentIncomeAmt
Total Tax$95TotalTaxAmt
Distributable Before Adj$12,830DistributableBeforeAdjAmt
Distributable Before Ded$12,830DistributableBeforeDedAmt
Distributable As Adjusted$12,830DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$23,800ExpensesAndContributionsAmt
Qualifying Distributions$23,800QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$95PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$23,705AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,830DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$28,205ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$34,862ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$3,022ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$7,358ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,948ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$79,395TotalExcessDistributionCyovAmt
Qualifying Distributions$23,800QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$0AppliedToCurrentYearAmt
Remaining Distri From Corpus$23,800RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$12,830ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$12,830ExcessDistributionCyovAppCYAmt
Total Corpus$90,365TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$15,375ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$74,990ExcessDistriCyovToNextYrAmt
Excess From Year4$34,862ExcessFromYear4Amt
Excess From Year3$3,022ExcessFromYear3Amt
Excess From Year2$7,358ExcessFromYear2Amt
Excess From Year1$5,948ExcessFromYear1Amt
Excess From Current Year$23,800ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMR BRUCE LONGAKERContributingManagerNm
Shareholder ManagerNOT APPLICABLEShareholderManagerNm
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 PurposeGrantOrContributionPurposeTxtAmtAmt
The Chinguapin School
2615 E Wallisville RdHighlandsTX77562PublicExempt function$5,000
Spirit Golf Association
2441 High Timbers Ste 430The WoodlandsTX77380PublicExempt function$7,500
Child Advocate of Ft Bend County
5403 Avenue NRosenbergTX77471PublicExempt function$2,500
Monterey Peninsula Foundation
1 Lower Ragsdale DriveMontereyCA93940PublicExempt function$8,500
First Colony Swim Team
4501 Cartwright Rd Ste 406Missouri CityTX77459PublicExempt functio$100
The Exchange Club of Sugar Land
4800 Sugar Grove BoulevardStaffordTX77477PublicExempt function$100
Dawson High School
2050 Cullen BlvdPearlandTX77581PublicExempt function$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$23,800TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,808ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,808ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,808TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockPublic traded securitiesStockNm
EOY Book Value$429,947EOYBookValueAmt
EOYFMV$172,923EOYFMVAmt

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