L HEART FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
L HEART FOUNDATION INC (EIN 81-0522506)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-08-30
IRS object ID
201742429349100609
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)
Return2017-08-30T11:54:48-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Holmes & TurnerBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11283 N 14th Avenue Ste 201AddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59715ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810522506EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1L HEART FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLHEABusinessNameControlTxt
Phone4066824424PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 339AddressLine1Txt
CityMCALLISTERCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59740ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINN W KRIEGPersonNm
Person TitleDirectorPersonTitleTxt
Signature2017-08-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura ThomasPreparerPersonNm
PTINP00516147PTIN
Phone4065874265PhoneNum
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$14InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$14InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$47,621DividendsRevAndExpnssAmt
Dividends Net Invst Incm$47,621DividendsNetInvstIncmAmt
Dividends Adj Net Incm$47,621DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$7,255NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$528,336GrossSalesPriceAmt
Net ST Capital Gain Adj Net Incm$21,519NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$40,380TotalRevAndExpnssAmt
Total Net Invst Incm$47,635TotalNetInvstIncmAmt
Total Adj Net Incm$69,154TotalAdjNetIncmAmt
Taxes Rev And Expnss$1,520TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,520TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$1,520TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,520TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,520TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,520TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$105,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$105,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$106,520TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,520TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$106,520TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$66,140ExcessRevenueOverExpensesAmt
Net Investment Income$46,115NetInvestmentIncomeAmt
Adjusted Net Income$69,154AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,506,605CorporateStockBOYAmt
Corporate Stock EOY$1,440,465CorporateStockEOYAmt
Total Assets BOY$1,506,605TotalAssetsBOYAmt
Total Assets EOY$1,440,465TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,506,605UnrestrictedBOYAmt
Unrestricted EOY$1,440,465UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,506,605TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,440,465TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,506,605TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,440,465TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,506,605TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$66,140ExcessRevenueOverExpensesAmt
Subtotal$1,440,465SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,440,465TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Stock SaleP2016-01-012016-01-01$112,844$91,325$21,519$21,519
Stock SaleP2015-01-012016-01-02$415,492$444,266-$28,774-$28,774
FieldValueIRS element (for citing)
Capital Gain Net Income-$7,255CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$21,519NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$922InvestmentIncomeExciseTaxAmt
Subtotal$922SubtotalAmt
Tax Based On Investment Income$922TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,698EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,698TotalPaymentsAndCreditsAmt
Overpayment$4,776OverpaymentAmt
Applied To ES Tax$4,776AppliedToESTaxAmt

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
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 Line1LINN W KRIEGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4066824424PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 160AddressLine1Txt
CityMCALLISTERCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59740ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LINN W KRIEG
PO BOX 160MCALLISTERMT59740Director0.00$0
KEVIN KRIEG
PO BOX 160MCALLISTERMT59740Director0.00$0
PENELOPE M HENNING
BOX 1024BOZEMANMT59771Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,957,058AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,957,058TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,957,058AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$29,356CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,927,702NetVlNoncharitableAssetsAmt
Minimum Investment Return$96,385MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$96,385MinimumInvestmentReturnAmt
Tax Based On Investment Income$922TaxBasedOnInvestmentIncomeAmt
Total Tax$922TotalTaxAmt
Distributable Before Adj$95,463DistributableBeforeAdjAmt
Distributable Before Ded$95,463DistributableBeforeDedAmt
Distributable As Adjusted$95,463DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$106,520ExpensesAndContributionsAmt
Qualifying Distributions$106,520QualifyingDistributionsAmt
Adjusted Qualifying Distri$106,520AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$95,463DistributableAsAdjustedAmt
Undistributed Income PY$98,148UndistributedIncomePYAmt
Qualifying Distributions$106,520QualifyingDistributionsAmt
Applied To Year1$98,148AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,372AppliedToCurrentYearAmt
Undistributed Income CY$87,091UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient Foundation StatusRecipientFoundationStatusTxt
DUCKS UNLIMITED
One Waterfowl WayMemphisTN38120NONEFURTHER TAX EXEMPT PURPOSE$30,000
Tools of the trade
2401 Eglin StreetRapid CitySD57703NONEFURTHER TAX EXEMPT PURPOSE$10,000PC
MADISON VALLEY MANOR
211 N MainEnnisMT59729Further Tax Exempt Purpose$10,000PC
Tools for Tomorrow
42-600 Cook Street 203Palm DesertCA92211NONEFURTHER TAX EXEMPT PURPOSE$5,000PC
Ennis Library Foundation
210 E MainEnnisMT59729Further Tax Exempt Purpose$5,000PC
MVMC Foundation
305 N MainEnnisMT59729NONEFurther Tax Exempt Purpose$25,000PC
Losee Wilkins Capital Fund
305 N MainEnnisMT59729305 N Main$20,000PC
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$105,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$47,621ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$7,255RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$47,635ExclusionAmt
Related Or Exempt Function Incm-$7,255RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$40,380TotalIncomeProducingActyAmt

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Federal Income Tax$1,012$1,012$1,012
Foreign Tax$508$508$508

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