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LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-08-07
IRS object ID
201942199349100114
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)
Return2019-08-07T12:51:14-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN770546931PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHORRO ASSOCIATES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1555 CHORRO ST STE D1AddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP934052377ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-08-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul D Porter CPAPreparerPersonNm
PTINP00289920PTIN
Phone8055432980PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$424,890FMVAssetsEOYAmt
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$31,964DividendsRevAndExpnssAmt
Dividends Net Invst Incm$31,964DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$43,844NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$259,187GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$43,844CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$75,808TotalRevAndExpnssAmt
Total Net Invst Incm$75,808TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,690AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$423AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$5,875OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,875OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$36OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$7,611TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,310TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$23,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$23,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$30,611TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,310TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$23,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$45,197ExcessRevenueOverExpensesAmt
Net Investment Income$69,498NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,215CashBOYAmt
Cash EOY$5,479CashEOYAmt
Cash EOYFMV$5,479CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,968SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$234,923SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$234,923SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$365,978OtherInvestmentsBOYAmt
Other Investments EOY$179,956OtherInvestmentsEOYAmt
Other Investments EOYFMV$184,488OtherInvestmentsEOYFMVAmt
Total Assets BOY$375,161TotalAssetsBOYAmt
Total Assets EOY$420,358TotalAssetsEOYAmt
Total Assets EOYFMV$424,890TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$375,161RetainedEarningBOYAmt
Retained Earning EOY$420,358RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$375,161TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$420,358TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$375,161TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$420,358TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$375,161TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$45,197ExcessRevenueOverExpensesAmt
Subtotal$420,358SubtotalAmt
Tot Net Ast Or Fund Balances EOY$420,358TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
190.402 UNITS INVESCO DVR DIV YP2018-01-012018-12-21$3,290$3,518-$228-$228
141.388 UNITS 361 GLB L/S EQ IP2018-12-102018-12-17$1,468$1,500-$32-$32
2519.405 UNITS INVESCO DVR DIV YP2001-01-012018-12-21$43,535$45,148-$1,613-$1,613
4498.144 UNITS 361 GLB L/S EQ IP2001-01-012018-12-17$46,691$47,713-$1,022-$1,022
984.252 UNITS PIONEER FDMNTL GRW YP2015-11-242018-09-12$25,000$19,255$5,745$5,745
250 UNITS SPDR S&P 500P2016-02-172018-12-17$64,402$48,140$16,262$16,262
2485.923 UNITS VIRTUS KAR SMCP GRW IP2001-01-012018-12-17$74,801$50,069$24,732$24,732
FieldValueIRS element (for citing)
Capital Gain Net Income$43,844CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$260NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,390InvestmentIncomeExciseTaxAmt
Subtotal$1,390SubtotalAmt
Tax Based On Investment Income$1,390TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,652EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$800ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,452TotalPaymentsAndCreditsAmt
Overpayment$1,062OverpaymentAmt
Applied To ES Tax$1,062AppliedToESTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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
555 CHORRO STREET STE D1SAN LUIS OBISPOCA93405Treasurer0.50$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 $23,000 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$436,168AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,257AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$467,425TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$467,425AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,011CashDeemedCharitableAmt
Net Vl Noncharitable Assets$460,414NetVlNoncharitableAssetsAmt
Minimum Investment Return$23,021MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$23,021MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,390TaxBasedOnInvestmentIncomeAmt
Total Tax$1,390TotalTaxAmt
Distributable Before Adj$21,631DistributableBeforeAdjAmt
Distributable Before Ded$21,631DistributableBeforeDedAmt
Distributable As Adjusted$21,631DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$23,000ExpensesAndContributionsAmt
Qualifying Distributions$23,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$23,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,631DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,029ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,316ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$11,329ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,572ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$27,246TotalExcessDistributionCyovAmt
Qualifying Distributions$23,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$21,631AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,369RemainingDistriFromCorpusAmt
Total Corpus$28,615TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,029ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$23,586ExcessDistriCyovToNextYrAmt
Excess From Year4$4,316ExcessFromYear4Amt
Excess From Year3$11,329ExcessFromYear3Amt
Excess From Year2$6,572ExcessFromYear2Amt
Excess From Current Year$1,369ExcessFromCurrentYearAmt

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
TRANSITIONS MENTAL HEALTH ASSN
PO BOX 15408SAN LUIS OBISPOCA93406NONEPCPUBLIC WELFARE$10,000
NORTH VALLEY COMMUNITY FOUNDATION
240 MAIN ST STE 260CHICOCA95928NONEPCNATURAL DISASTER SUPPORT$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$23,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$31,964ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$43,844ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$75,808ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$75,808TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,690Amt
Net Investment Income$423NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$36RevenueAndExpensesPerBooksAmt
Net Investment Income$9NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$5,875Amt
Net Investment Income$5,875NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFRANCHISE TAX BOARDCategoryTxt
Amt$10Amt
Net Investment Income$3NetInvestmentIncomeAmt

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