LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-06-28
IRS object ID
201821799349100017
Schema version
2017v2.2
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)
Return2018-06-28T14:09:29-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-06-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul D Porter CPAPreparerPersonNm
PTINP00289920PTIN
Phone8055437227PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$453,080FMVAssetsEOYAmt
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$21,383DividendsRevAndExpnssAmt
Dividends Net Invst Incm$21,383DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,926NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$21,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,926CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$24,309TotalRevAndExpnssAmt
Total Net Invst Incm$24,309TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,770AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,770AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$5,910OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,910OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$36OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$36OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$7,726TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,726TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$28,726TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,726TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$21,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,417ExcessRevenueOverExpensesAmt
Net Investment Income$16,583NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,032CashBOYAmt
Cash EOY$6,215CashEOYAmt
Cash EOYFMV$6,215CashEOYFMVAmt
Sav And Temp Cash Invst BOY$7,676SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,968SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,968SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$363,870OtherInvestmentsBOYAmt
Other Investments EOY$365,978OtherInvestmentsEOYAmt
Other Investments EOYFMV$443,897OtherInvestmentsEOYFMVAmt
Total Assets BOY$379,578TotalAssetsBOYAmt
Total Assets EOY$375,161TotalAssetsEOYAmt
Total Assets EOYFMV$453,080TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$379,578RetainedEarningBOYAmt
Retained Earning EOY$375,161RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$379,578TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$375,161TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$379,578TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$375,161TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$379,578TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,417ExcessRevenueOverExpensesAmt
Subtotal$375,161SubtotalAmt
Tot Net Ast Or Fund Balances EOY$375,161TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property923.889 PIONEER FDMNTL GRWPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2015-11-24AcquiredDt
Sold2017-12-01SoldDt
Gross Sales Price$21,000GrossSalesPriceAmt
Cost Or Other Basis$18,074CostOrOtherBasisAmt
Gain Or Loss$2,926GainOrLossAmt
Gains Minus Excess Or Losses$2,926GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$2,926CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$332InvestmentIncomeExciseTaxAmt
Subtotal$332SubtotalAmt
Tax Based On Investment Income$332TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,984EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,984TotalPaymentsAndCreditsAmt
Overpayment$1,652OverpaymentAmt
Applied To ES Tax$1,652AppliedToESTaxAmt

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

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 President0.00$0
JOHN F SACHS
1510 HIGHERA STREETSAN LUIS OBISPOCA93401Secretary0.00$0
PAUL D PORTER
555 CHORRO STREET STE D1SAN LUIS OBISPOCA93405Treasurer0.00$0
ANNE E GAEBE HALL
PO BOX 696AVILA BEACHCA93424President0.00$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 $21,000 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$428,725AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$13,949AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$442,674TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$442,674AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,640CashDeemedCharitableAmt
Net Vl Noncharitable Assets$436,034NetVlNoncharitableAssetsAmt
Minimum Investment Return$21,802MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$21,802MinimumInvestmentReturnAmt
Tax Based On Investment Income$332TaxBasedOnInvestmentIncomeAmt
Total Tax$332TotalTaxAmt
Distributable Before Adj$21,470DistributableBeforeAdjAmt
Distributable Before Ded$21,470DistributableBeforeDedAmt
Distributable As Adjusted$21,470DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,000ExpensesAndContributionsAmt
Qualifying Distributions$21,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$21,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,470DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,216ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,029ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$4,316ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$11,329ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$6,572ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$29,462TotalExcessDistributionCyovAmt
Qualifying Distributions$21,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$21,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$470ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$470ExcessDistributionCyovAppCYAmt
Total Corpus$28,992TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,746ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$27,246ExcessDistriCyovToNextYrAmt
Excess From Year4$5,029ExcessFromYear4Amt
Excess From Year3$4,316ExcessFromYear3Amt
Excess From Year2$11,329ExcessFromYear2Amt
Excess From Year1$6,572ExcessFromYear1Amt

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
LAVONNE GAEBE NURSING FUND
PO BOX 8106SAN LUIS OBISPOCA93403NONENONESEE PART IX-A$10,000
TRANSITIONS MENTAL HEALTH ASSN
PO BOX 15408SAN LUIS OBISPOCA93406NONENONETO ASSIST IN PROVIDING MENTAL HEALTH SERVICES FOR THE RESIDENTS OF SAN LUIS OBISPO AND SANTA BARBARA COUNTIES.$10,000
HOMELESS ANIMAL RESCUE TEAM
2638 MAIN STREETCAMBRIACA93428NONENONETO ASSIST IN THE RESCUE OF HOMELESS CATS AND KITTENS.$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,383ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$2,926ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$24,309ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,309TotalIncomeProducingActyAmt

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$1,770Amt
Net Investment Income$1,770NetInvestmentIncomeAmt
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$36NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$5,910Amt
Net Investment Income$5,910NetInvestmentIncomeAmt
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$10NetInvestmentIncomeAmt

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