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OLTMANS CONSTRUCTION COMPANY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
OLTMANS CONSTRUCTION COMPANY FOUNDATION (EIN 95-4790252)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-02-27
IRS object ID
202500589349100215
Schema version
2024v5.0
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)
Return2025-02-27T12:13:06-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120 Pacifica Suite 700AddressLine1Txt
CityIrvineCityNm
State AbbreviationCAStateAbbreviationCd
ZIP926183391ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954790252EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Oltmans Construction Co FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% DANIEL A SCHLOTHANInCareOfNm
Business Name ControlOLTMBusinessNameControlTxt
Phone5629484242PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110005 MISSION MILL ROADAddressLine1Txt
CityWHITTIERCityNm
State AbbreviationCAStateAbbreviationCd
ZIP906011739ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL A SCHLOTHANPersonNm
Person TitleCFO, SECRETARYPersonTitleTxt
Phone5629484242PhoneNum
Signature2025-02-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLinlin YanPreparerPersonNm
PTINP02284667PTIN
Phone9498855400PhoneNum
Preparation2025-02-25PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$959,207FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$27,258DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,258DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$29,416NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$29,416GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$29,416CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$56,674TotalRevAndExpnssAmt
Total Net Invst Incm$56,674TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$7,029OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,029OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$7,029TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,029TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$120,806ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$120,806ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$127,835TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,029TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$120,806TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$71,161ExcessRevenueOverExpensesAmt
Net Investment Income$49,645NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$113,611SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$34,688SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$34,688SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$469,938CorporateStockBOYAmt
Corporate Stock EOY$465,945CorporateStockEOYAmt
Corporate Stock EOYFMV$634,010CorporateStockEOYFMVAmt
Corporate Bonds BOY$180,221CorporateBondsBOYAmt
Corporate Bonds EOY$177,936CorporateBondsEOYAmt
Corporate Bonds EOYFMV$156,432CorporateBondsEOYFMVAmt
Other Investments BOY$118,994OtherInvestmentsBOYAmt
Other Investments EOY$133,034OtherInvestmentsEOYAmt
Other Investments EOYFMV$134,077OtherInvestmentsEOYFMVAmt
Total Assets BOY$882,764TotalAssetsBOYAmt
Total Assets EOY$811,603TotalAssetsEOYAmt
Total Assets EOYFMV$959,207TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$882,764RetainedEarningBOYAmt
Retained Earning EOY$811,603RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$882,764TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$811,603TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$882,764TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$811,603TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$882,764TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$71,161ExcessRevenueOverExpensesAmt
Subtotal$811,603SubtotalAmt
Tot Net Ast Or Fund Balances EOY$811,603TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyAVAILABLE UPON REQUESTPropertyDesc
Gross Sales Price$37,655GrossSalesPriceAmt
Cost Or Other Basis$8,239CostOrOtherBasisAmt
Gain Or Loss$29,416GainOrLossAmt
Gains Minus Excess Or Losses$29,416GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$29,416CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$690InvestmentIncomeExciseTaxAmt
Subtotal$690SubtotalAmt
Tax Based On Investment Income$690TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$690TaxDueAmt

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
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 Line1DANIEL A SCHLOTHANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5629484242PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110005 MISSION MILL ROADAddressLine1Txt
CityWHITTIERCityNm
State AbbreviationCAStateAbbreviationCd
ZIP906011739ZIPCd
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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOSEPH O OLTMANS
10005 MISSION MILL ROADWHITTIERCA906011739CHAIRMAN0.5$0$0$0
JOHN GORMLY
10005 MISSION MILL ROADWHITTIERCA906011739PRESIDENT0.5$0$0$0
CHARLIE ROY
10005 MISSION MILL ROADWHITTIERCA906011739VICE PRESIDENT0.5$0$0$0
TONY PEREZ
10005 MISSION MILL ROADWHITTIERCA906011739VICE PRESIDENT0.5$0$0$0
JAMES BOGLE
10005 MISSION MILL ROADWHITTIERCA906011739VICE PRESIDENT0.5$0$0$0
JAMES WOODSIDE
10005 MISSION MILL ROADWHITTIERCA906011739VICE PRESIDENT0.5$0$0$0
DANIEL A SCHLOTHAN
10005 MISSION MILL ROADWHITTIERCA906011739CFO, SECRETARY0.5$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$929,416AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$79,803AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,009,219TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,009,219AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,138CashDeemedCharitableAmt
Net Vl Noncharitable Assets$994,081NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,704MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,704MinimumInvestmentReturnAmt
Tax Based On Investment Income$690TaxBasedOnInvestmentIncomeAmt
Total Tax$690TotalTaxAmt
Distributable Before Adj$49,014DistributableBeforeAdjAmt
Distributable Before Ded$49,014DistributableBeforeDedAmt
Distributable As Adjusted$49,014DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$120,806ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$120,806QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$49,014DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$141,276ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$563,794ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$55,726ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$456,931ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,217,727TotalExcessDistributionCyovAmt
Qualifying Distributions$120,806QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$49,014AppliedToCurrentYearAmt
Remaining Distri From Corpus$71,792RemainingDistriFromCorpusAmt
Total Corpus$1,289,519TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$141,276ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,148,243ExcessDistriCyovToNextYrAmt
Excess From Year3$563,794ExcessFromYear3Amt
Excess From Year2$55,726ExcessFromYear2Amt
Excess From Year1$456,931ExcessFromYear1Amt
Excess From Current Year$71,792ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
Link Players International Inc
755 N Peach Avenue Suite E11ClovisCA93611N/A 501(c)(3)Links Players is an organization that connects people who seek God and enjoy golf.$29,681
Big brothers big sisters
1801 E Edinger Avenue Suite 101Santa AnaCA92705N/A 501(c)(3)Big brothers big sisters is an organization that provide children facing adversity with a strong, enduring, professionally supported one-to-one mentoring relationship that creates pathways for the future and a mentor for a lifetime.$25,000
KidWorks
1902 W Chestnut AvenueSanta AnaCA92703N/A 501(c)(3)KidWorks is an organization that aims to inspire purpose in youth and encourages them to make an impact in their community through a licensed preschool, after-school programs, tutoring, mentoring, college and career readiness, family services, and leadership development.$25,000
Boys & Girls Clubs
17701 CowanIrvineCA92614N/A 501(c)(3)Boys & Girls Clubs is an organization that aims to provide children with access to tools to pursue their ambitions by ensuring that every child has mentors and champions in life.$41,125Suite 110
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$120,806TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,258ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$29,416ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$56,674ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$56,674TotalIncomeProducingActyAmt

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

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescNONEDesc

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondFIXED INCOME (ATTACHMENT 9)BondNm
EOY Book Value$177,936EOYBookValueAmt
EOYFMV$156,432EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIES (ATTACHMENT 9)StockNm
EOY Book Value$465,945EOYBookValueAmt
EOYFMV$634,010EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
COMMODITIES FUNDS (ATTACHMENT$23,302$21,032
HEDGE FUNDS (ATTACHMENT 9)$109,732$113,045

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$7,029Amt
Net Investment Income$7,029NetInvestmentIncomeAmt

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