BUSCH FAMILY FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BUSCH FAMILY FOUNDATION (EIN 77-0356496)
- Tax period
- 2010-08-01 to 2011-07-31
- Filed
- 2011-12-09
- IRS object ID
- 201103439349100500
- Schema version
- 2010v3.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-12-09T10:59:58-08:00 | Timestamp |
| Tax Period End Date | 2011-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAYASHI & WAYLAND CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 CAMINO AGUAJITO STE 300 | AddressLine1 |
| City | MONTEREY | City |
| State | CA | State |
| ZIP Code | 939403654 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770356496 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUSCH FAMILY FOUNDATION | BusinessNameLine1 |
| Business Name Line2 | CO HAYASHI & WAYLAND | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BUSC | NameControl |
| Phone | 8314841963 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 CAMINO AGUAJITO | AddressLine1 |
| City | MONTEREY | City |
| State | CA | State |
| ZIP Code | 93940 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RALPH B BUSH III | Name |
| Title | President | Title |
| Date Signed | 2011-12-09 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Robert Lee | Name |
| Phone | 8316478055 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 374135 | 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 | 1896 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 1896 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 1896 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 12376 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 34059 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 12376 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 14272 | TotalRevenueAndExpenses |
| Total Net Investment Income | 14272 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 1896 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 3700 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 3700 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 3700 | AccountingFeesAdjNetIncm |
| Taxes Rev And Expnss | 25 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 25 | TaxesNetInvstIncm |
| Taxes Adj Net Incm | 25 | TaxesAdjNetIncm |
| Deprec And Depletion Rev And Expnss | 0 | DeprecAndDepletionRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 3725 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 3725 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 3725 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 24650 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 24650 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 28375 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 3725 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 3725 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 24650 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -14103 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 10547 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 3125 | CashBOY |
| Cash EOY | 4750 | CashEOY |
| Cash EOYFMV | 4750 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 4738 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 10692 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 10692 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 173435 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 151753 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 358438 | InvestmentsCorpStockEOYFMV |
| Other Assets BOY | 255 | OtherAssetsBOY |
| Other Assets EOY | 255 | OtherAssetsEOY |
| Other Assets EOYFMV | 255 | OtherAssetsEOYFMV |
| Total Assets BOY | 181553 | TotalAssetsBOY |
| Total Assets EOY | 167450 | TotalAssetsEOY |
| Total Assets EOYFMV | 374135 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 181553 | RetainedEarningsBOY |
| Retained Earnings EOY | 167450 | RetainedEarningsEOY |
| Total Net Assets BOY | 181553 | TotalNetAssetsBOY |
| Total Net Assets EOY | 167450 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 181553 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 167450 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 181553 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -14103 | ExcessOfRevenueOverExpenses |
| Subtotal | 167450 | Subtotal |
| Total Net Assets Fund Balances EOY | 167450 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | 750.0000 BERRY PETRO CO CLASS A | DescriptionOfAsset |
| How Acquired | P | HowAcquired |
| Date Acquired | 2005-12-27 | DateAcquired |
| Date Sold | 2011-03-15 | DateSold |
| Gross Sales Price | 34059 | GrossSalesPrice |
| Cost Or Other Basis | 21683 | CostOrOtherBasis |
| Gain Or Loss | 12376 | GainOrLoss |
| Gains Minus Excess Or Losses | 12376 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 12376 | CapitalGainNetIncome |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 211 | InvestmentIncomeExciseTax |
| Subtotal | 211 | Subtotal |
| Tax Based On Investment Income | 211 | TaxBasedOnInvestmentIncome |
| Tax Due | 211 | TaxDue |
| Amount Credited To Next Year | 0 | 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 | HAYASHI & WAYLAND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8316478055 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 CAMINO AGUAJITO STE 300 | AddressLine1 |
| City | MONTEREY | City |
| State | CA | State |
| ZIP Code | 93940 | 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 (7 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| JEFFREY D BUSCH | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | Director | 1.00 | 0 |
| ELLYN D BUSCH ESSIG | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | Director | 1.00 | 0 |
| ETHEL D BUSCH | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | Secretary | 1.00 | 0 |
| PETER S BUSCH | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | CFO | 1.00 | 0 |
| FRANK B BUSCH | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | Vice President | 1.00 | 0 |
| GREGORY J BUSCH | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | Vice President | 1.00 | 0 |
| RALPH B BUSCH III | ||||||
| 150 SAN BENANCIO RD | SALINAS | CA | 939089146 | President | 1.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 279950 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 11440 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 291390 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 291390 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 4371 | CashDeemedCharitable |
| Net Noncharitable Assets | 287019 | NetNoncharitableAssets |
| Minimum Investment Return | 14351 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 14351 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 211 | TaxBasedOnInvestmentIncome |
| Total Tax | 211 | TotalTax |
| Distributable Amount Before Adj | 14140 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 14140 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 14140 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 24650 | ExpensesAndContributions |
| Qualifying Distributions | 24650 | QualifyingDistributions |
| Adj Qualifying Distributions | 24650 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 14140 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 4982 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 4982 | TotalExcessDistriCarryover |
| Qualifying Distributions | 24650 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 14140 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 10510 | RemainingDistriFromCorpus |
| Total Corpus | 15492 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 15492 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 4982 | ExcessFromYear1 |
| Excess From Current Year | 10510 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | RALPH B BUSCH III | ContributingManager |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | R MICHAEL GREEN CPA | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 660 CAMINO AGUAJITO 300 | AddressLine1 |
| City | MONTEREY | City |
| State | CA | State |
| ZIP Code | 93940 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 8316478055 | RecipientPhoneNumber |
| Form And Info And Materials | LETTER | FormAndInfoAndMaterials |
| Submission Deadlines | NO DEADLINE | SubmissionDeadlines |
| Restrictions On Awards | NO RESTRICTIONS OR LIMITATIONS ON AWARDS. | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| MIAMI UNIVERSITY | |||||||
| 501 EAST HIGH STREET | OXFORD | OH | 45056 | NONE | EXEMPT | GENERAL | $12,500 |
| PALMA HIGH SCHOOL | |||||||
| 919 IVERSON | SALINAS | CA | 93901 | NONE | EXEMPT | GENERAL | $1,000 |
| NOTRE DAME FOUNDATION | |||||||
| 455 PALMA DRIVE | SALINAS | CA | 93901 | NONE | EXEMPT | GENERAL | $11,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 24650 | 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 | $1,896 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 12376 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,896 | ExclusionAmount |
| Related Or Exempt Function Income | 12376 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 14272 | 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) |
|---|---|---|
| Amount | $3,700 | Amount |
| Net Investment Income | 3700 | NetInvestmentIncome |
| Adjusted Net Income | 3700 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ORGANIZATIONAL COSTS | Description |
| BOY Book Value | 255 | BOYBookValue |
| EOY Book Value | 255 | EOYBookValue |
| EOYFMV | 255 | EOYFMV |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FTB | Category |
| Amount | $25 | Amount |
| Net Investment Income | 25 | NetInvestmentIncome |
| Adjusted Net Income | 25 | AdjustedNetIncome |
Comments