VALENTINE FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: VALENTINE FOUNDATION (EIN 90-0527475)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-07-31
IRS object ID: 201242149349100504
Schema version: 2011v1.2
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
General Explanation Attachment
Investments Corp Stock Schedule
Legal Fees Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-07-31T10:59:35-00:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	55 Walls Drive	AddressLine1
City	Fairfield	City
State	CT	State
ZIP Code	06824	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	900527475	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	The Valentine Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	VALE	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 E Thousand Oaks Blvd Room No 25	AddressLine1
City	Thousand Oaks	City
State	CA	State
ZIP Code	91360	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Malcom G Meador	Name
Title	President	Title
Date Signed	2012-07-23	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2012-07-23	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	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	202096	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	4227	DividendsRevAndExpnss
Dividends Net Invst Incm	4227	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	4070	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	16353	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	3745	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	8297	TotalRevenueAndExpenses
Total Net Investment Income	7972	TotalNetInvestmentIncome
Legal Fees Rev And Expnss	159	LegalFeesRevAndExpnss
Legal Fees Dsbrs Chrtbl Prps	159	LegalFeesDsbrsChrtblPrps
Taxes Rev And Expnss	127	TaxesRevAndExpnss
Other Expenses Rev And Expnss	3316	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	200	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	3116	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	3602	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	200	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	3275	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	12000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	12000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	15602	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	200	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	15275	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-7305	ExcessOfRevenueOverExpenses
Net Investment Income	7772	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	4943	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	9921	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	9921	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	222328	InvestmentsCorpStockBOY
Investments Corp Stock EOY	210045	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	192175	InvestmentsCorpStockEOYFMV
Total Assets BOY	227271	TotalAssetsBOY
Total Assets EOY	219966	TotalAssetsEOY
Total Assets EOYFMV	202096	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	227271	RetainedEarningsBOY
Retained Earnings EOY	219966	RetainedEarningsEOY
Total Net Assets BOY	227271	TotalNetAssetsBOY
Total Net Assets EOY	219966	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	227271	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	219966	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	227271	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-7305	ExcessOfRevenueOverExpenses
Subtotal	219966	Subtotal
Total Net Assets Fund Balances EOY	219966	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Field	Value	IRS element (for citing)
Description Of Asset	Publicly-traded Securities	DescriptionOfAsset
Gross Sales Price	16353	GrossSalesPrice
Cost Or Other Basis	12608	CostOrOtherBasis
Gain Or Loss	3745	GainOrLoss
Gains Minus Excess Or Losses	3745	GainsMinusExcessOrLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	3745	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	26493	QualifyingDistributionsYear1
Noncharitable Assets Year1	220446	NoncharitableAssetsYear1
Distribution Ratio Year1	000.120179	DistributionRatioYear1
Total Distribution Ratio	000.120179	TotalDistributionRatio
Average Distribution Ratio	000.060090	AverageDistributionRatio
Net Noncharitable Assets	216197	NetNoncharitableAssets
Adjusted Noncharitable Assets	12991	AdjustedNoncharitableAssets
One Percent Net Investment Income	78	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	13069	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	15275	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	78	InvestmentIncomeExciseTax
Subtotal	78	Subtotal
Tax Based On Investment Income	78	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	2	EstTaxPaymentsAndOverpayment
Tax Paid With Extension	76	TaxPaidWithExtension
Total Credits And Payments	78	TotalCreditsAndPayments
Tax Paid Original Return	78	TaxPaidOriginalReturn

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
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
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

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Malcolm G Meador	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 E Thousand Oaks Blvd	AddressLine1
City	Thousand Oaks	City
State	CA	State
ZIP Code	91360	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
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
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
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	true	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
Frank Dawson
100 E Thousand Oaks Blvd Ste 257	Thousand Oaks	CA	91360	Director	001.00	0
Malcolm G Meador
100 E Thousand Oaks Blvd Ste 257	Thousand Oaks	CA	91360	President / Director	001.00	0
Frank Perna
100 E Thousand Oaks Blvd Ste 257	Thousand Oaks	CA	91360	Director	001.00	0
N Rebecca Valentine
100 E Thousand Oaks Blvd Ste 257	Thousand Oaks	CA	91360	Director	001.00	0

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

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	211485	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	8004	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	219489	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	219489	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	3292	CashDeemedCharitable
Net Noncharitable Assets	216197	NetNoncharitableAssets
Minimum Investment Return	10810	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	10810	MinimumInvestmentReturn
Tax Based On Investment Income	78	TaxBasedOnInvestmentIncome
Total Tax	78	TotalTax
Distributable Amount Before Adj	10732	DistributableAmountBeforeAdj
Distributable Amount Before Ded	10732	DistributableAmountBeforeDed
Distributable Amount As Adjusted	10732	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	15275	ExpensesAndContributions
Qualifying Distributions	15275	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	78	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	15197	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	10732	DistributableAmountAsAdjusted
Excess Distri Carryover Year1	15719	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	15719	TotalExcessDistriCarryover
Qualifying Distributions	15275	QualifyingDistributions
Applied To Current Year	10732	AppliedToCurrentYear
Remaining Distri From Corpus	4543	RemainingDistriFromCorpus
Total Corpus	20262	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	20262	ExcessDistriCyovToNextYear
Excess From Year1	15719	ExcessFromYear1
Excess From Current Year	4543	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	N Rebecca Valentine	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY OF REDLANDS	BusinessNameLine1

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3080	AddressLine1
City	REDLANDS	City
State	CA	State
ZIP Code	92373	ZIPCode

Field	Value	IRS element (for citing)
Recipient Relationship	N/A	RecipientRelationship
Recipient Foundation Status	509(a)(1)	RecipientFoundationStatus
Purpose Of Grant Or Contribution	General Unrestricted	PurposeOfGrantOrContribution
Amount	$12,000	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	12000	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	$4,227	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$4,070	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$8,297	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	8297	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

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (3 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
6000 shares of BANK OF AMERICA CORP BAC	86459	33360
550 shares of INTERNATIONAL BUSINESS MACHINES IBM	67557	101134
1530 shares of MERCK CO INC. MRK	56029	57681

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Field	Value	IRS element (for citing)
Category	General Governance Matters and Counseling	Category
Amount	$159	Amount
Disbursements Charitable Prps	159	DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps	Net Investment IncomeNetInvestmentIncome
Administrative Fees	3017	3017
Bank Charges	200		200
Registered Agent Fee	99	99

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	Excise Tax for 2010 Paid with 990PF Extension	Category
Amount	$127	Amount
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

VALENTINE FOUNDATION: Form 990PF, tax year 2011

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

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

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)

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

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

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (3 entries)

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes

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