PETERSON FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: PETERSON FAMILY FOUNDATION (EIN 91-1746622)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-05-04
IRS object ID: 201521249349101147
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
Form 990-PF
Accounting Fees Schedule
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-05-04T16:13:27-05:00	ReturnTs
Tax Period End	2014-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	912016086	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	VIERCK & RAKOSKI CPAS PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	606 SE 117TH AVENUE SUITE 100	AddressLine1Txt
City	VANCOUVER	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98683	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2014-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	911746622	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE PETERSON FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PETE	BusinessNameControlTxt
Phone	3608161840	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2401 NW WALDEN DRIVE	AddressLine1Txt
City	CAMAS	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98607	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KENNETH D PETERSON JR	PersonNm
Person Title	FOUNDATION MANAGER	PersonTitleTxt
Phone	3608161840	PhoneNum
Signature	2015-04-28	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOSEPH G RAKOSKI	PreparerPersonNm
PTIN	P00168178	PTIN
Phone	3603563805	PhoneNum
Preparation	2015-04-28	PreparationDt

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$21,097	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,029	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Other Income Rev And Expnss	$1,908	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$1,908	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$2,937	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,908	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$1,029	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$1,029	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$35	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$35	TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,064	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,064	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,064	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,064	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,873	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$1,908	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$19,224	CashBOYAmt
Cash EOY	$21,097	CashEOYAmt
Cash EOYFMV	$21,097	CashEOYFMVAmt
Total Assets BOY	$19,224	TotalAssetsBOYAmt
Total Assets EOY	$21,097	TotalAssetsEOYAmt
Total Assets EOYFMV	$21,097	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$19,224	RetainedEarningBOYAmt
Retained Earning EOY	$21,097	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$19,224	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$21,097	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$19,224	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$21,097	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$19,224	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$1,873	ExcessRevenueOverExpensesAmt
Subtotal	$21,097	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$21,097	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$84,389	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$63,103	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	1.337322	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$214,300	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$35,361	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	6.060349	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$158,247	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$147,080	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	1.075925	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$146,189	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$269,968	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.541505	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$146,005	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$149,937	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.973776	DistributionYr5Rt
Total Distribution	9.988877	TotalDistributionRt
Average Distribution	1.997775	AverageDistributionRt
Net Vl Noncharitable Assets	$20,245	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$40,445	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$40,445	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$1,064	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx	$121	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$121	TotalPaymentsAndCreditsAmt
Overpayment	$121	OverpaymentAmt
Applied To ES Tax	$121	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	WA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	KENNETH D PETERSON JR	IndividualWithBooksNm
Phone	3608161840	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2401 NW WALDEN DRIVE	AddressLine1Txt
City	CAMAS	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98607	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
KENNETH D PETERSON JR
2401 NW WALDEN DRIVE	CAMAS	WA	98607	PRESIDENT	1.00	$0	$0	$0
CLAUDIA J PETERSON
2401 NW WALDEN DRIVE	CAMAS	WA	98607	SEC/TREAS	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$20,553	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$20,553	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$20,553	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$308	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$20,245	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,012	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,012	MinimumInvestmentReturnAmt
Distributable Before Adj	$1,012	DistributableBeforeAdjAmt
Distributable Before Ded	$1,012	DistributableBeforeDedAmt
Distributable As Adjusted	$1,012	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,064	ExpensesAndContributionsAmt
Qualifying Distributions	$1,064	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$1,064	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,012	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$142,212	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$133,789	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$150,893	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$212,532	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$81,234	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$720,660	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,064	QualifyingDistributionsAmt
Applied To Current Year	$1,012	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$52	RemainingDistriFromCorpusAmt
Total Corpus	$720,712	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$142,212	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$578,500	ExcessDistriCyovToNextYrAmt
Excess From Year4	$133,789	ExcessFromYear4Amt
Excess From Year3	$150,893	ExcessFromYear3Amt
Excess From Year2	$212,532	ExcessFromYear2Amt
Excess From Year1	$81,234	ExcessFromYear1Amt
Excess From Current Year	$52	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	KENNETH PETERSON	ContributingManagerNm
Contributing Manager	CLAUDIA PETERSON	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	WORLDCOM LITIGATION	Desc
Exclusion	14	ExclusionCd
Exclusion	$1,908	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1,908	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,908	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$1,029	Amt
Disbursements Charitable Prps	$1,029	DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	WORLDCOM LITIGATION	Desc
Revenue And Expenses Per Books	$1,908	RevenueAndExpensesPerBooksAmt
Adjusted Net Income	$1,908	AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	STATE FEES	CategoryTxt
Amt	$35	Amt
Disbursements Charitable Prps	$35	DisbursementsCharitablePrpsAmt

PETERSON FAMILY FOUNDATION: Form 990PF, tax year 2014

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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