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LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-10
IRS object ID
201533149349100438
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)
Return2015-11-10T11:40:53-08:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHORRO ASSOCIATES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1555 CHORRO ST STE D1AddressLine1Txt
CitySAN LUIS OBISPOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP934052377ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770440553EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAURENCE C GAEBE FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2INCORPORATEDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLAURBusinessNameControlTxt
Phone8055436315PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 693AddressLine1Txt
CityAVILA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93424ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANNE GAEBE HALLPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2015-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul D Porter CPAPreparerPersonNm
PTINP00289920PTIN
Phone8055437227PhoneNum
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$493,763FMVAssetsEOYAmt
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$33,510DividendsRevAndExpnssAmt
Dividends Net Invst Incm$33,510DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$20,149NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$248,367GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$20,149CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$53,659TotalRevAndExpnssAmt
Total Net Invst Incm$53,659TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,695AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,695AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$7,828OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,828OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$710TaxesRevAndExpnssAmt
Taxes Net Invst Incm$710TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$24OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$24OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,257TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,257TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$28,684ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$28,684ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$38,941TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,257TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$28,684TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$14,718ExcessRevenueOverExpensesAmt
Net Investment Income$43,402NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,306CashBOYAmt
Cash EOY$9,168CashEOYAmt
Cash EOYFMV$9,168CashEOYFMVAmt
Sav And Temp Cash Invst BOY$6,464SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$16,541SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$16,541SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$431,281OtherInvestmentsBOYAmt
Other Investments EOY$432,060OtherInvestmentsEOYAmt
Other Investments EOYFMV$468,054OtherInvestmentsEOYFMVAmt
Total Assets BOY$443,051TotalAssetsBOYAmt
Total Assets EOY$457,769TotalAssetsEOYAmt
Total Assets EOYFMV$493,763TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$443,051RetainedEarningBOYAmt
Retained Earning EOY$457,769RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$443,051TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$457,769TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$443,051TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$457,769TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$443,051TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$14,718ExcessRevenueOverExpensesAmt
Subtotal$457,769SubtotalAmt
Tot Net Ast Or Fund Balances EOY$457,769TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$20,149CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,649NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$868InvestmentIncomeExciseTaxAmt
Subtotal$868SubtotalAmt
Tax Based On Investment Income$868TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,990EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,990TotalPaymentsAndCreditsAmt
Overpayment$1,122OverpaymentAmt
Applied To ES Tax$1,122AppliedToESTaxAmt

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
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 Line1ANNE GAEBE-HALLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8055436315PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1193 FRONT STREETAddressLine1Txt
CityAVILA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93424ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LAURENCE R GAEBE
1942 RAYMOND AVETEMPLETONCA93405Vice President0.00$0
JOHN F SACHS
1510 HIGHERA STREETSAN LUIS OBISPOCA93401Secretary0.00$0
PAUL D PORTER
555 CHORRO STREET STE D1SAN LUIS OBISPOCA93405Treasurer0.00$0
ANN E GAEBE HALL
106 FEL MAR DRIVESAN LUIS OBISPOCA93405President0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONOPERATING PRIVATE FOUNDATION MADE CHARITABLE CONTRIBUTIONS OF $28,684 TO OTHER CHARITABLE ORGANIZATIONS DURING THE YEAR. SEE PART XV FOR DETAILS OF DONATIONS.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$493,930AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,476AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$512,406TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$512,406AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,686CashDeemedCharitableAmt
Net Vl Noncharitable Assets$504,720NetVlNoncharitableAssetsAmt
Minimum Investment Return$25,236MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$25,236MinimumInvestmentReturnAmt
Tax Based On Investment Income$868TaxBasedOnInvestmentIncomeAmt
Total Tax$868TotalTaxAmt
Distributable Before Adj$24,368DistributableBeforeAdjAmt
Distributable Before Ded$24,368DistributableBeforeDedAmt
Distributable As Adjusted$24,368DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$28,684ExpensesAndContributionsAmt
Qualifying Distributions$28,684QualifyingDistributionsAmt
Adjusted Qualifying Distri$28,684AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$24,368DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,142ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$2,216ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,029ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$9,387TotalExcessDistributionCyovAmt
Qualifying Distributions$28,684QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$24,368AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,316RemainingDistriFromCorpusAmt
Total Corpus$13,703TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,142ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,561ExcessDistriCyovToNextYrAmt
Excess From Year2$2,216ExcessFromYear2Amt
Excess From Year1$5,029ExcessFromYear1Amt
Excess From Current Year$4,316ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FOOD BANK OF SLO
2212 GOLDEN HILL ROADPASO ROBLESCA93446NONENONESEE PART IX-A$13,024
WOODS HUMANE SOCIETY
875 OKLAHOMA AVENUESAN LUIS OBISPOCA93405NONENONESEE PART IX-A$10,000
CUESTA COLLEGE NURSING
PO BOX 8106SAN LUIS OBISPOCA93403NONENONESEE PART IX-A$5,000
CHIROFEED CO PRADO DAY CENTER
43 PRADO ROADSAN LUIS OBISPOCA93401NONENONESEE PART IX-A$500
SAN LUIS OBISPO COUNTY WOMENADE
6099 MARSHALL WAYSAN LUIS OBISPOCA93401NONENONESEE PPART IX-A$160
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$28,684TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$33,510ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$20,149ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$53,659ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$53,659TotalIncomeProducingActyAmt

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$1,695Amt
Net Investment Income$1,695NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$24RevenueAndExpensesPerBooksAmt
Net Investment Income$24NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CA ATTORNEY GENERAL RRF-1 FEE$25$25$0$0
INVESTMENT FEES$7,803$7,803$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FRANCHISE TAX BOARD$10$10
INTERNAL REVENUE SERVICE$700$700

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