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LONGAKER FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
LONGAKER FOUNDATION (EIN 76-0664608)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-15
IRS object ID
201831359349104203
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)
Return2018-05-15T15:39:15-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-05-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF BALLIETPreparerPersonNm
PTINP01478768PTIN
Phone7139828552PhoneNum
Preparation2018-05-15PreparationDt
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$295,479FMVAssetsEOYAmt
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$12,158DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,158DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$12,158TotalRevAndExpnssAmt
Total Net Invst Incm$12,158TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$23OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$23OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$23TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$23TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,423TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$23TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$21,400TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,265ExcessRevenueOverExpensesAmt
Net Investment Income$12,135NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,245CashBOYAmt
Cash EOY$8,296CashEOYAmt
Cash EOYFMV$8,296CashEOYFMVAmt
Corporate Stock BOY$429,958CorporateStockBOYAmt
Corporate Stock EOY$429,957CorporateStockEOYAmt
Corporate Stock EOYFMV$287,183CorporateStockEOYFMVAmt
Other Assets BOY$7,315OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$447,518TotalAssetsBOYAmt
Total Assets EOY$438,253TotalAssetsEOYAmt
Total Assets EOYFMV$295,479TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$447,518CapitalStockBOYAmt
Capital Stock EOY$438,253CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$447,518TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$438,253TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$447,518TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$438,253TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$447,518TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,265ExcessRevenueOverExpensesAmt
Subtotal$438,253SubtotalAmt
Tot Net Ast Or Fund Balances EOY$438,253TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$25,860AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$377,035NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.068588DistributionYr1Rt
Adjusted Qlfy Distri Yr2$47,102AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$401,388NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.117348DistributionYr2Rt
Adjusted Qlfy Distri Yr3$34,525AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$490,475NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.070391DistributionYr3Rt
Adjusted Qlfy Distri Yr4$28,205AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$392,934NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.071781DistributionYr4Rt
Adjusted Qlfy Distri Yr5$23,757AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$552,359NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.043010DistributionYr5Rt
Total Distribution0.371118TotalDistributionRt
Average Distribution0.074224AverageDistributionRt
Net Vl Noncharitable Assets$313,895NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$23,299AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$121NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$23,420AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$21,400QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$243InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$243SubtotalAmt
Tax Based On Investment Income$243TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,725EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,725TotalPaymentsAndCreditsAmt
Original Return Overpayment-$1,725OriginalReturnOverpaymentAmt
Overpayment$1,482OverpaymentAmt
Applied To ES Tax$1,482AppliedToESTaxAmt

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$315,379AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,296AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$318,675TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$318,675AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,780CashDeemedCharitableAmt
Net Vl Noncharitable Assets$313,895NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,695MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,695MinimumInvestmentReturnAmt
Tax Based On Investment Income$243TaxBasedOnInvestmentIncomeAmt
Total Tax$243TotalTaxAmt
Distributable Before Adj$15,452DistributableBeforeAdjAmt
Distributable Before Ded$15,452DistributableBeforeDedAmt
Distributable As Adjusted$15,452DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,400ExpensesAndContributionsAmt
Qualifying Distributions$21,400QualifyingDistributionsAmt
Adjusted Qualifying Distri$21,400AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,452DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$28,205ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$34,862ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$3,022ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$7,358ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$73,447TotalExcessDistributionCyovAmt
Qualifying Distributions$21,400QualifyingDistributionsAmt
Applied To Current Year$15,452AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,948RemainingDistriFromCorpusAmt
Total Corpus$79,395TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$79,395ExcessDistriCyovToNextYrAmt
Excess From Year4$28,205ExcessFromYear4Amt
Excess From Year3$34,862ExcessFromYear3Amt
Excess From Year2$3,022ExcessFromYear2Amt
Excess From Year1$7,358ExcessFromYear1Amt
Excess From Current Year$5,948ExcessFromCurrentYearAmt

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 (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Chinguapin School
2615 E Wallisville RdHighlandsTX77562PublicExempt function$600
Spirit Golf Association
2441 High Timbers Ste 430The WoodlandsTX77380PublicExempt function$7,500
The 100 Club
5555 San Felipe Suite 1750HoustonTX77056PublicExempt function$100
Child Advocate of Ft Bend County
5403 Avenue NRosenbergTX77471PublicExempt function$5,000
Monterey Peninsula Foundation
1 Lower Ragsdale DriveMontereyCA93940PublicExempt function$8,000
First Colony Swim Team
4501 Cartwright Rd Ste 406Missouri CityTX77459PublicExempt functio$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,158ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$12,158ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,158TotalIncomeProducingActyAmt

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$429,957EOYBookValueAmt
EOYFMV$287,183EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescContributions receivableDesc
BOY Book Value$7,315BOYBookValueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescContributions receivableDesc
BOY Book Value$7,315BOYBookValueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescContributions receivableDesc
BOY Book Value$7,315BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescInterest expenseDesc
Revenue And Expenses Per Books$23RevenueAndExpensesPerBooksAmt
Net Investment Income$23NetInvestmentIncomeAmt

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