LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LAURENCE C GAEBE FAMILY FOUNDATION INC (EIN 77-0440553)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-09-04
IRS object ID: 201322479349100352
Schema version: 2012v2.0
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
Legal Fees Schedule
Other Expenses Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-09-04T10:13:03-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHORRO ASSOCIATES INC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	555 CHORRO ST STE D1	AddressLine1
City	SAN LUIS OBISPO	City
State	CA	State
ZIP Code	934052377	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	770440553	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LAURENCE C GAEBE FAMILY FOUNDATION	BusinessNameLine1
Business Name Line2	INCORPORATED	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	LAUR	NameControl
Phone	8055436315	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 693	AddressLine1
City	AVILA BEACH	City
State	CA	State
ZIP Code	93424	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ANNE GAEBE HALL	Name
Title	Vice President	Title
Date Signed	2013-09-04	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Paul D Porter CPA	Name
PTIN	P00289920	PTIN
Phone	8055448667	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	477450	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	15249	DividendsRevAndExpnss
Dividends Net Invst Incm	15249	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	22307	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	316645	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	22307	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	37556	TotalRevenueAndExpenses
Total Net Investment Income	37556	TotalNetInvestmentIncome
Legal Fees Rev And Expnss	798	LegalFeesRevAndExpnss
Legal Fees Net Invst Incm	798	LegalFeesNetInvstIncm
Accounting Fees Rev And Expnss	1560	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1560	AccountingFeesNetInvstIncm
Other Prof Fees Rev And Expnss	5773	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	5748	OtherProfFeesNetInvstIncm
Taxes Rev And Expnss	1262	TaxesRevAndExpnss
Taxes Net Invst Incm	1262	TaxesNetInvstIncm
Other Expenses Rev And Expnss	43	OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss	9436	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	9368	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	25600	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	25600	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	35036	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	9368	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	25600	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	2520	ExcessOfRevenueOverExpenses
Net Investment Income	28188	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	5128	CashBOY
Cash EOY	4392	CashEOY
Cash EOYFMV	4392	CashEOYFMV
Savings And Temp Cash Invst BOY	1736	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	13534	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	13534	SavingsAndTempCashInvstEOYFMV
Investments Other BOY	442636	InvestmentsOtherBOY
Investments Other EOY	434095	InvestmentsOtherEOY
Investments Other EOYFMV	459524	InvestmentsOtherEOYFMV
Other Assets BOY	1	OtherAssetsBOY
Total Assets BOY	449501	TotalAssetsBOY
Total Assets EOY	452021	TotalAssetsEOY
Total Assets EOYFMV	477450	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	449501	RetainedEarningsBOY
Retained Earnings EOY	452021	RetainedEarningsEOY
Total Net Assets BOY	449501	TotalNetAssetsBOY
Total Net Assets EOY	452021	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	449501	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	452021	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	449501	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	2520	ExcessOfRevenueOverExpenses
Subtotal	452021	Subtotal
Total Net Assets Fund Balances EOY	452021	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (7 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
50.352 EV NATL MUN INCOM A	P	2009-04-23	2012-03-09	500	439	61	61
1442.210 WF GRW ADM	P	2010-01-01	2012-03-22	60962	50668	10294	10294
2139.097 PUTNAM EQ SPECTRUM Y	P	2001-01-01	2012-03-22	61927	52729	9198	9198
4314.305 GS DYN ALLOC A	P	2001-01-01	2012-03-09	46292	48294	-2002	-2002
5018.821 COLUMBIA DIV OPP Z	P	2011-12-22	2012-03-22	43413	40000	3413	3413
2656.580 BLKRCK GLB ALLOC I	P	2001-01-01	2012-03-22	52016	51076	940	940
5037.680 RS FLTG RT Y	P	2012-05-15	2012-11-27	51535	51132	403	403

Field	Value	IRS element (for citing)
Capital Gain Net Income	22307	CapitalGainNetIncome
Net Short Term Capital Gain Or Loss	3816	NetShortTermCapitalGainOrLoss

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	564	InvestmentIncomeExciseTax
Subtotal	564	Subtotal
Tax Based On Investment Income	564	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	1269	EstTaxPaymentsAndOverpayment
Total Credits And Payments	1269	TotalCreditsAndPayments
Overpayment	705	Overpayment
Amount Credited To Next Year	705	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Form990 T Filed	false	Form990TFiled
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	CA	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ANNE GAEBE-HALL	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8055436315	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	193 FRONT STREET	AddressLine1
City	AVILA BEACH	City
State	CA	State
ZIP Code	93424	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
ANN E GAEBE HALL
106 FEL MAR DRIVE	SAN LUIS OBISPO	CA	93405	Vice President	0.00	0
PAUL D PORTER
555 CHORRO STREET STE D1	SAN LUIS OBISPO	CA	93405	Treasurer	0.00	0
JOHN F SACHS
1510 HIGHERA STREET	SAN LUIS OBISPO	CA	93401	Secretary	0.00	0
LAURENCE R GAEBE
1942 RAYMOND AVE	TEMPLETON	CA	93405	President	0.00	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	NONOPERATING PRIVATE FOUNDATION MADE CHARITABLE CONTRIBUTIONS OF 26,500 TO OTHER CHARITABLE ORGANIZATIONS DURING THE YEAR. SEE PART XV FOR DETAILS OF DONATIONS.	Description1
Expenses1	0	Expenses1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	400110	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	86150	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	486260	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	486260	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	7294	CashDeemedCharitable
Net Noncharitable Assets	478966	NetNoncharitableAssets
Minimum Investment Return	23948	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	23948	MinimumInvestmentReturn
Tax Based On Investment Income	564	TaxBasedOnInvestmentIncome
Total Tax	564	TotalTax
Distributable Amount Before Adj	23384	DistributableAmountBeforeAdj
Distributable Amount Before Ded	23384	DistributableAmountBeforeDed
Distributable Amount As Adjusted	23384	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	25600	ExpensesAndContributions
Qualifying Distributions	25600	QualifyingDistributions
Adj Qualifying Distributions	25600	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	23384	DistributableAmountAsAdjusted
Excess Distri Carryover Year3	2142	ExcessDistriCarryoverYear3
Total Excess Distri Carryover	2142	TotalExcessDistriCarryover
Qualifying Distributions	25600	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	23384	AppliedToCurrentYear
Remaining Distri From Corpus	2216	RemainingDistriFromCorpus
Total Corpus	4358	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	4358	ExcessDistriCyovToNextYear
Excess From Year3	2142	ExcessFromYear3
Excess From Current Year	2216	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CHIROFEED CO PRADO DAY CENTER
43 PRADO ROAD	SAN LUIS OBISPO	CA	93401	NONE	NONE	SEE PART IX-A	$500
JACKS HELPING HANDS
PO BOX 14718	SAN LUIS OBISPO	CA	93406	NONE	NONE	SEE PART IX-A	$100
CUESTA COLLEGE NURSING
PO BOX 8106	SAN LUIS OBISPO	CA	93403	NONE	NONE	SEE PART IX-A	$5,000
PRADO DAY CENTER
43 PRADO ROAD	SAN LUIS OBISPO	CA	93401	NONE	NONE	SEE PART IX-A	$5,000
WOODS HUMANE SOCIETY
875 OKLAHOMA AVENUE	SAN LUIS OBISPO	CA	93405	NONE	NONE	SEE PART IX-A	$5,000
FOOD BANK OF SLO
2212 GOLDEN HILL ROAD	PASO ROBLES	CA	93446	NONE	NONE	SEE PART IX-A	$10,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	25600	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$15,249	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$22,307	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$37,556	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	37556	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING	Category
Amount	$1,560	Amount
Net Investment Income	1560	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Field	Value	IRS element (for citing)
Category	LEGAL FEES	Category
Amount	$798	Amount
Net Investment Income	798	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	POSTAGE	Description
Revenue And Expenses Per Books	43	RevenueAndExpensesPerBooks

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
INVESTMENT FEES	$5,748	5748	0	0
CA ATTORNEY GENERAL RRF-1 FEE	$25	0	0	0

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome
INTERNAL REVENUE SERVICE	$1,200	1200
FRANCHISE TAX BOARD	$10	10
FOREIGN TAX ON INVESTMENTS	$52	52

LAURENCE C GAEBE FAMILY FOUNDATION INC: Form 990PF, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (7 entries)

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of Business Name BooksInCareOfBusinessName

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

Comments