BETA

LONGAKER FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LONGAKER FOUNDATION (EIN 76-0664608)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-13
IRS object ID
201721339349100612
Schema version
2016v3.0
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)
Return2017-05-13T11:54:14-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF BALLIETPreparerPersonNm
Phone7139828552PhoneNum
Preparation2017-05-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address67.200.181.26IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-05-13IPDt
IP Tm11:54:03IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id7C5096D759B3C12BA253018D76E0498C634E22B4AtSubmissionCreationDeviceId
At Submission Filing Device Id7C5096D759B3C12BA253018D76E0498C634E22B4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$381,089FMVAssetsEOYAmt
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$12,827DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,827DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,670NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$49,558GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,670CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$17,497TotalRevAndExpnssAmt
Total Net Invst Incm$17,497TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,860ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,860ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,860TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,860TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,363ExcessRevenueOverExpensesAmt
Net Investment Income$17,497NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$19,764CashBOYAmt
Cash EOY$10,245CashEOYAmt
Cash EOYFMV$10,245CashEOYFMVAmt
Corporate Stock BOY$436,117CorporateStockBOYAmt
Corporate Stock EOY$429,958CorporateStockEOYAmt
Corporate Stock EOYFMV$363,529CorporateStockEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$7,315OtherAssetsEOYAmt
Other Assets EOYFMV$7,315OtherAssetsEOYFMVAmt
Total Assets BOY$455,881TotalAssetsBOYAmt
Total Assets EOY$447,518TotalAssetsEOYAmt
Total Assets EOYFMV$381,089TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$455,881CapitalStockBOYAmt
Capital Stock EOY$447,518CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$455,881TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$447,518TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$455,881TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$447,518TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$455,881TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,363ExcessRevenueOverExpensesAmt
Subtotal$447,518SubtotalAmt
Tot Net Ast Or Fund Balances EOY$447,518TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly traded securitiesPropertyDesc
Gross Sales Price$49,558GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$44,888CostOrOtherBasisAmt
Gain Or Loss$4,670GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$4,670GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$4,670CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$47,102AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$401,388NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.117348DistributionYr1Rt
Adjusted Qlfy Distri Yr2$34,525AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$490,475NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.070391DistributionYr2Rt
Adjusted Qlfy Distri Yr3$28,205AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$392,934NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.071781DistributionYr3Rt
Adjusted Qlfy Distri Yr4$23,757AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$552,359NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.043010DistributionYr4Rt
Adjusted Qlfy Distri Yr5$30,678AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$619,989NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.049482DistributionYr5Rt
Total Distribution0.352012TotalDistributionRt
Average Distribution0.070402AverageDistributionRt
Net Vl Noncharitable Assets$377,035NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$26,544AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$175NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$26,719AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$25,860QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$350InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$350SubtotalAmt
Tax Based On Investment Income$350TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,075EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,075TotalPaymentsAndCreditsAmt
Original Return Overpayment-$2,075OriginalReturnOverpaymentAmt
Overpayment$1,725OverpaymentAmt
Applied To ES Tax$1,725AppliedToESTaxAmt

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$360,764AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,698AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$6,315FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$382,777TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$382,777AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,742CashDeemedCharitableAmt
Net Vl Noncharitable Assets$377,035NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,852MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$18,852MinimumInvestmentReturnAmt
Tax Based On Investment Income$350TaxBasedOnInvestmentIncomeAmt
Total Tax$350TotalTaxAmt
Distributable Before Adj$18,502DistributableBeforeAdjAmt
Distributable Before Ded$18,502DistributableBeforeDedAmt
Distributable As Adjusted$18,502DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,860ExpensesAndContributionsAmt
Qualifying Distributions$25,860QualifyingDistributionsAmt
Adjusted Qualifying Distri$25,860AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,502DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$30,678ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$28,205ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$34,862ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,022ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$96,767TotalExcessDistributionCyovAmt
Qualifying Distributions$25,860QualifyingDistributionsAmt
Applied To Current Year$18,502AppliedToCurrentYearAmt
Remaining Distri From Corpus$7,358RemainingDistriFromCorpusAmt
Total Corpus$104,125TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$30,678ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$73,447ExcessDistriCyovToNextYrAmt
Excess From Year3$28,205ExcessFromYear3Amt
Excess From Year2$34,862ExcessFromYear2Amt
Excess From Year1$3,022ExcessFromYear1Amt
Excess From Current Year$7,358ExcessFromCurrentYearAmt

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 (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Chinguapin School
2615 E Wallisville RdHighlandsTX77562PublicExempt function$6,685
Spirit Golf Association
2441 High Timbers Ste 430The WoodlandsTX77380PublicExempt function$7,500
First Tee Open
One Lower Ragsdale Dr Bldg 3 Ste 10Pebble BeachCA93940PublicExempt function$8,000
Pearland Lions
P O Box 903PearlandTX77581PublicExempt function$3,675
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,860TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Related Or Exempt Function Incm$4,670RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,670RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,670TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number8LineNumberTxt
Relationship StatementExcluded by Sec. 512(b)(5)RelationshipStatementTxt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetPublic securitiesAssetDesc
Gross Sales Price$49,558GrossSalesPriceAmt
Basis$44,888BasisAmt
Total Net$4,670TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockPublic traded securitiesStockNm
EOY Book Value$429,958EOYBookValueAmt
EOYFMV$363,529EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescContributions receivableDesc
EOY Book Value$7,315EOYBookValueAmt
EOYFMV$7,315EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescContributions receivableDesc
EOY Book Value$7,315EOYBookValueAmt
EOYFMV$7,315EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescContributions receivableDesc
EOY Book Value$7,315EOYBookValueAmt
EOYFMV$7,315EOYFMVAmt

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