THE MARY LOUISE FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE MARY LOUISE FOUNDATION INC (EIN 30-0219720)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-10-25
IRS object ID
201942989349100719
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)
Return2019-10-25T14:02:36-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273544017PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GABRIEL BURGER & ELSE CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1135 N 5TH STAddressLine1Txt
CitySEWARDCityNm
State AbbreviationNEStateAbbreviationCd
ZIP684342146ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300219720EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MARY LOUISE FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMARYBusinessNameControlTxt
Phone4026434557PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line183752 SOUTH HIGHWAY 81AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationNEStateAbbreviationCd
ZIP687011234ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD P ABLERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4026434557PhoneNum
Signature2019-07-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDUANE J GABRIEL CPAPreparerPersonNm
PTINP00053448PTIN
Phone4026434557PhoneNum
Preparation2019-10-23PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address76.79.0.126IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-10-25IPDt
IP Tm14:02:36IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id4409E8D709E44C02B2B1B2BC5A2DD66CC3EC402FAtSubmissionCreationDeviceId
At Submission Filing Device Id1D3CBB67DAFE5804E02A1E4A9B40E2403D2BD5F0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,180,621FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,233ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$134,646InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$16,362InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$134,646InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$135,879TotalRevAndExpnssAmt
Total Net Invst Incm$16,362TotalNetInvstIncmAmt
Total Adj Net Incm$134,646TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,215AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,215AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,215AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$18TaxesRevAndExpnssAmt
Taxes Net Invst Incm$18TaxesNetInvstIncmAmt
Taxes Adj Net Incm$18TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$12,098OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,098OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$12,098OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$13,331TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,331TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$13,331TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$13,331TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,331TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$13,331TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$122,548ExcessRevenueOverExpensesAmt
Net Investment Income$3,031NetInvestmentIncomeAmt
Adjusted Net Income$121,315AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$396,773SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$401,037SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$401,037SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$3,650,800OtherInvestmentsBOYAmt
Other Investments EOY$3,769,084OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,769,084OtherInvestmentsEOYFMVAmt
Other Assets BOY$10,500OtherAssetsBOYAmt
Other Assets EOY$10,500OtherAssetsEOYAmt
Other Assets EOYFMV$10,500OtherAssetsEOYFMVAmt
Total Assets BOY$4,058,073TotalAssetsBOYAmt
Total Assets EOY$4,180,621TotalAssetsEOYAmt
Total Assets EOYFMV$4,180,621TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$4,058,073RetainedEarningBOYAmt
Retained Earning EOY$4,180,621RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,058,073TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,180,621TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,058,073TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,180,621TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,058,073TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$122,548ExcessRevenueOverExpensesAmt
Subtotal$4,180,621SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,180,621TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$28,582AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$21,391AdjustedQlfyDistriYr2Amt
Adjusted Qlfy Distri Yr3$34,457AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$37,797AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$33,523AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Net Investment Income Pct$30NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$30AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,215QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$30InvestmentIncomeExciseTaxAmt
Subtotal$30SubtotalAmt
Tax Based On Investment Income$30TaxBasedOnInvestmentIncomeAmt
Tax Due$30TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 StateNEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksRICHARD P ABLERIndividualWithBooksNm
Phone4023719517PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line183752 SOUTH HIGHWAY 81AddressLine1Txt
CityNORFOLKCityNm
State AbbreviationNEStateAbbreviationCd
ZIP687011234ZIPCd
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
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
RICHARD P ABLER
83752 S HWY 81NORFOLKNE68701PRESIDENT000.00$0$0$0
LANETA M ABLER
83752 S HWY 81NORFOLKNE68701SECRETARY000.00$0$0$0
JOSEPH EW ABLER
55430 837TH ROADNORFOLKNE68701DIRECTOR000.00$0$0$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)
Description1THE FOUNDATION IS ACCUMULATING FUNDS WITH THE PURPOSE OF PURCHASING A FACILITY OR PARTNERING IN THE OPERATION OF A FACILITY TO ALLOW STABLE HOUSING FOR DISADVANTAGED AND POOR CHILDREN ANYWHERE THE CAUSE MAY BE IN THE WORLD.Description1Txt
Expenses1$1,233Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$1,215CharitableAssetsAcquisPaidAmt
Qualifying Distributions$1,215QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$30PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$1,185AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$1,215QualifyingDistributionsAmt
Remaining Distri From Corpus$1,215RemainingDistriFromCorpusAmt
Total Corpus$1,215TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$1,215CurrentYearAmt
Year1$28,600Year1Amt
Year2$21,400Year2Amt
Year3$34,500Year3Amt
Total$85,715TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$1,215CurrentYearAmt
Year1$28,600Year1Amt
Year2$21,400Year2Amt
Year3$34,500Year3Amt
Total$85,715TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRICHARD P AND LANETA M ABLERContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$134,646ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$134,646ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$134,646TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
1AGRANTS TO WORTHY ORGANIZATONS AND PERSONS, WITH PREFERENCE
1ATO POOR AND DISADVANTAGED CHILDREN THROUGHOUT THE WORLD

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,215Amt
Net Investment Income$1,215NetInvestmentIncomeAmt
Adjusted Net Income$1,215AdjustedNetIncomeAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationNOT REQUIRED BY THE STATE OF NEBRASKAExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
ANNUITY CONTRACTSFMV$3,224,079$3,224,079
SINGLE PREMIUM LIFE INSURANCEFMV$545,005$545,005

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescANTIQUE MOTORCYCLEDesc
BOY Book Value$10,500BOYBookValueAmt
EOY Book Value$10,500EOYBookValueAmt
EOYFMV$10,500EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
EXPENSES
FORM 1099 INT IMPROPERLY ISSU$12,098$12,098$12,098

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINCOME TAXCategoryTxt
Amt$18Amt
Net Investment Income$18NetInvestmentIncomeAmt
Adjusted Net Income$18AdjustedNetIncomeAmt

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