L HEART FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
L HEART FOUNDATION INC (EIN 81-0522506)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-31
IRS object ID
201502439349100460
Schema version
2014v5.0
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)
Return2015-08-31T15:37:34-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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
Signature2015-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura ThomasPreparerPersonNm
PTINP00516147PTIN
Phone4065874265PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,136,550FMVAssetsEOYAmt
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$52,040DividendsRevAndExpnssAmt
Dividends Net Invst Incm$52,040DividendsNetInvstIncmAmt
Dividends Adj Net Incm$52,040DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$275,719NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$835,701GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$275,719CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$275,719NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$327,759TotalRevAndExpnssAmt
Total Net Invst Incm$327,759TotalNetInvstIncmAmt
Total Adj Net Incm$327,759TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$15LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$15LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$15LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$925AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$925AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$925AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$5,648TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5,648TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$5,648TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,588TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,588TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,588TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$74,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$74,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$80,588TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,588TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$80,588TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$247,171ExcessRevenueOverExpensesAmt
Net Investment Income$321,171NetInvestmentIncomeAmt
Adjusted Net Income$327,759AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$1,340,614CorporateStockBOYAmt
Corporate Stock EOY$1,587,431CorporateStockEOYAmt
Corporate Stock EOYFMV$2,136,550CorporateStockEOYFMVAmt
Total Assets BOY$1,340,614TotalAssetsBOYAmt
Total Assets EOY$1,587,431TotalAssetsEOYAmt
Total Assets EOYFMV$2,136,550TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,340,614UnrestrictedBOYAmt
Unrestricted EOY$1,587,431UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,340,614TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,587,431TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,340,614TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,587,431TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,340,614TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$247,171ExcessRevenueOverExpensesAmt
Subtotal$1,587,785SubtotalAmt
Other Decreases$354OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,587,431TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$275,719CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$275,719NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,423InvestmentIncomeExciseTaxAmt
Subtotal$6,423SubtotalAmt
Tax Based On Investment Income$6,423TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,800EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,800TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1EsPenaltyAmt
Tax Due$3,624TaxDueAmt

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$2,145,251AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,145,251TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,145,251AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,179CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,113,072NetVlNoncharitableAssetsAmt
Minimum Investment Return$105,654MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$105,654MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,423TaxBasedOnInvestmentIncomeAmt
Total Tax$6,423TotalTaxAmt
Distributable Before Adj$99,231DistributableBeforeAdjAmt
Distributable Before Ded$99,231DistributableBeforeDedAmt
Distributable As Adjusted$99,231DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$80,588ExpensesAndContributionsAmt
Qualifying Distributions$80,588QualifyingDistributionsAmt
Adjusted Qualifying Distri$80,588AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$99,231DistributableAsAdjustedAmt
Undistributed Income PY$62,560UndistributedIncomePYAmt
Qualifying Distributions$80,588QualifyingDistributionsAmt
Applied To Year1$62,560AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$18,028AppliedToCurrentYearAmt
Undistributed Income CY$81,203UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
SALVATION ARMY
32 S Rouse AveBozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
MADISON VALLEY HOSPITAL FOUND
305 North Main StreetEnnisMT59729NONEPCFURTHER TAX EXEMPT PURPOSE$32,500
Madison Valley Ranch Land Trust
PO Box 330EnnisMT59729NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
MONTANA FOOD BANK
5625 ExpresswayMissoulaMT59808NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
HABITAT FOR HUMANITY
230 Arden DrBelgradeMT59714NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
LA CASA MISSION
NONEPCFURTHER TAX EXEMPT PURPOSE$5,00055 Avenida entre Avenida Juarez y cCozumel CentroCozumelMX77600 Cozumel,
MADISON VALLEY AQUATIC CENTER
65 Us Highway 287EnnisMT59729NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
The Nature Conservancy
40 E Main St 200BozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$2,500
National Parks Constructoin Associa
777 6th Street NW Suite 700Washington DCDC20001NONEPCFURTHER TAX EXEMPT PURPOSE$1,000
Tools for Tomorrow
42-600 Cook Street 203Palm DesertCA92211NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
Montana Historical Society
225 N RobertsHelenaMT59620NONEPCFURTHER TAX EXEMPT PURPOSE$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$74,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$52,040ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$275,719RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$52,040ExclusionAmt
Related Or Exempt Function Incm$275,719RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$327,759TotalIncomeProducingActyAmt

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)
Amt$925Amt
Net Investment Income$925NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$925DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

AmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
$2,800$2,800$2,800
$2,816$2,816$2,816
$32$32$32

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