L HEART FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
L HEART FOUNDATION INC (EIN 81-0522506)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-09
IRS object ID
201612229349100821
Schema version
2015v2.0
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)
Return2016-08-09T13:21:38-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-08-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura ThomasPreparerPersonNm
PTINP00516147PTIN
Phone4065874265PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,882,939FMVAssetsEOYAmt
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$48,462DividendsRevAndExpnssAmt
Dividends Net Invst Incm$48,462DividendsNetInvstIncmAmt
Dividends Adj Net Incm$48,462DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$41,394NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$424,714GrossSalesPriceAmt
Total Rev And Expnss$7,068TotalRevAndExpnssAmt
Total Net Invst Incm$48,462TotalNetInvstIncmAmt
Total Adj Net Incm$48,462TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$15LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$15LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$15LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,300AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,300AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,300AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$10,063TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10,063TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$11,378TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$11,378TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,315TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$76,516ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$76,516ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$87,894TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$11,378TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$77,831TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$80,826ExcessRevenueOverExpensesAmt
Net Investment Income$37,084NetInvestmentIncomeAmt
Adjusted Net Income$48,462AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,587,431CorporateStockBOYAmt
Corporate Stock EOY$1,506,605CorporateStockEOYAmt
Corporate Stock EOYFMV$1,882,939CorporateStockEOYFMVAmt
Total Assets BOY$1,587,431TotalAssetsBOYAmt
Total Assets EOY$1,506,605TotalAssetsEOYAmt
Total Assets EOYFMV$1,882,939TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,587,431UnrestrictedBOYAmt
Unrestricted EOY$1,506,605UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,587,431TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,506,605TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,587,431TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,506,605TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,587,431TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$80,826ExcessRevenueOverExpensesAmt
Subtotal$1,506,605SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,506,605TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySTOCKSPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2015-01-01AcquiredDt
Sold2015-01-01SoldDt
Gross Sales Price$424,714GrossSalesPriceAmt
Cost Or Other Basis$466,108CostOrOtherBasisAmt
Gain Or Loss-$41,394GainOrLossAmt
Gains Minus Excess Or Losses-$41,394GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$41,394CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$41,394NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$742InvestmentIncomeExciseTaxAmt
Subtotal$742SubtotalAmt
Tax Based On Investment Income$742TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,440EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,440TotalPaymentsAndCreditsAmt
Overpayment$5,698OverpaymentAmt
Applied To ES Tax$5,698AppliedToESTaxAmt

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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12014UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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$2,007,925AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,007,925TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,007,925AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,119CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,977,806NetVlNoncharitableAssetsAmt
Minimum Investment Return$98,890MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$98,890MinimumInvestmentReturnAmt
Tax Based On Investment Income$742TaxBasedOnInvestmentIncomeAmt
Total Tax$742TotalTaxAmt
Distributable Before Adj$98,148DistributableBeforeAdjAmt
Distributable Before Ded$98,148DistributableBeforeDedAmt
Distributable As Adjusted$98,148DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$77,831ExpensesAndContributionsAmt
Qualifying Distributions$77,831QualifyingDistributionsAmt
Adjusted Qualifying Distri$77,831AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$98,148DistributableAsAdjustedAmt
Undistributed Income PY$81,203UndistributedIncomePYAmt
Qualifying Distributions$77,831QualifyingDistributionsAmt
Applied To Year1$77,831AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Taxable2$3,372Taxable2Amt
Undistributed Income CY$98,148UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCdRecipient Foundation StatusRecipientFoundationStatusTxt
DUCKS UNLIMITED
One Waterfowl WayMemphisTN38120NONEFURTHER TAX EXEMPT PURPOSE$30,000
LA CASA MISSION
NONEFURTHER TAX EXEMPT PURPOSE$5,00055 Avenida entre Avenida Juarez y cCozumel CentroCozumelMX77600 Cozumel,PC
Heifer International
1 World AvenueLittle RockAR72202NONEFURTHER TAX EXEMPT PURPOSE$5,000
The Nature Conservancy
40 E Main St 200BozemanMT59715NONEFURTHER TAX EXEMPT PURPOSE$2,500PC
National Parks Construction Associa
777 6th Street NW Suite 700Washington DCDC20001NONEFURTHER TAX EXEMPT PURPOSE$2,016PC
The VFW
350 Airport RoadBelgradeMT59714NONEFURTHER TAX EXEMPT PURPOSE$1,000PC
MVRG Weed Committee
219 West Main StEnnisMT59729NONEFURTHER TAX EXEMPT PURPOSE$1,000PC
Madison Valley Medical Center
305 N MainEnnisMT59729NONEFURTHER TAX EXEMPT PURPOSE$30,000PC
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$76,516TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$48,462ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$41,394RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$48,462ExclusionAmt
Related Or Exempt Function Incm-$41,394RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,068TotalIncomeProducingActyAmt

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)
CategoryAccountingCategoryTxt
Amt$1,300Amt
Net Investment Income$1,300NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,300DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockStifel NicolausStockNm
EOY Book Value$1,506,605EOYBookValueAmt
EOYFMV$1,882,939EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$15LegalFeesAmt
Net Investment Income$15NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$15DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Estimated Tax$6,440$6,440
Federal Income Tax$3,623$3,623

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