STRATEGY STUDIO / PUBLIC DATA EXPLORER

LOISELLE FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
LOISELLE FOUNDATION INC (EIN 20-0707679)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-07-20
IRS object ID
202312059349100806
Schema version
2022v5.0
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)
Return2023-07-20T16:07:41-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352261108PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Loiselle & Associates CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1865 South Main Suite 2AddressLine1Txt
CityPlymouthCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48170ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200707679EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOISELLE FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOISBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1865 SOUTH MAIN STE 2AddressLine1Txt
CityPLYMOUTHCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48170ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJASON LOISELLEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7344599970PhoneNum
Signature2023-06-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJASONPersonFirstNm
Person LastLOISELLEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJason R Loiselle CPAPreparerPersonNm
PTINP00578067PTIN
Phone7344599970PhoneNum
Preparation2023-07-20PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$335,909FMVAssetsEOYAmt
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$14,142DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,142DividendsNetInvstIncmAmt
Total Rev And Expnss$14,142TotalRevAndExpnssAmt
Total Net Invst Incm$14,142TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,316AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$434TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,750TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$15,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$15,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$18,750TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$15,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,608ExcessRevenueOverExpensesAmt
Net Investment Income$14,142NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$52,170CashBOYAmt
Cash EOY$47,562CashEOYAmt
Cash EOYFMV$47,562CashEOYFMVAmt
Other Investments BOY$314,787OtherInvestmentsBOYAmt
Other Investments EOY$314,787OtherInvestmentsEOYAmt
Other Investments EOYFMV$288,347OtherInvestmentsEOYFMVAmt
Total Assets BOY$366,957TotalAssetsBOYAmt
Total Assets EOY$362,349TotalAssetsEOYAmt
Total Assets EOYFMV$335,909TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$366,957RetainedEarningBOYAmt
Retained Earning EOY$362,349RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$366,957TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$362,349TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$366,957TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$362,349TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$366,957TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,608ExcessRevenueOverExpensesAmt
Subtotal$362,349SubtotalAmt
Tot Net Ast Or Fund Balances EOY$362,349TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$197InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$197SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$197TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$500TotalPaymentsAndCreditsAmt
Overpayment$303OverpaymentAmt
Applied To ES Tax$303AppliedToESTaxAmt

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 StateFLOrgReportOrRegisterStateCd
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
Individual With BooksJASON R LOISELLEIndividualWithBooksNm
Phone7344599970PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1865 SOUTH MAINAddressLine1Txt
CityPLYMOUTHCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48170ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JASON R LOISELLE
865 SOUTH MAINPLYMOUTHMI48170PRESIDENT1.00$0$0$0
RONALD G LOISELLE
865 SOUTH MAINPLYMOUTHMI48170VICE PRESIDENT0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$309,073AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$51,986AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$361,059TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$361,059AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,416CashDeemedCharitableAmt
Net Vl Noncharitable Assets$355,643NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,782MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$17,782MinimumInvestmentReturnAmt
Tax Based On Investment Income$197TaxBasedOnInvestmentIncomeAmt
Total Tax$197TotalTaxAmt
Distributable Before Adj$17,585DistributableBeforeAdjAmt
Distributable Before Ded$17,585DistributableBeforeDedAmt
Distributable As Adjusted$17,585DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$15,000ExpensesAndContributionsAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$17,585DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$44,097ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$22,663ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$16,061ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$503ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$83,324TotalExcessDistributionCyovAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt
Applied To Current Year$15,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$2,585ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,585ExcessDistributionCyovAppCYAmt
Total Corpus$80,739TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$80,739ExcessDistriCyovToNextYrAmt
Excess From Year4$41,512ExcessFromYear4Amt
Excess From Year3$22,663ExcessFromYear3Amt
Excess From Year2$16,061ExcessFromYear2Amt
Excess From Year1$503ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerLAWRENCE K LOISELLEContributingManagerNm
Contributing ManagerRONALD G LOISELLEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonPLYMOUTH CHRISTIAN ACADEMYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line143065 JOY RDAddressLine1Txt
CityWAYNECityNm
State AbbreviationMIStateAbbreviationCd
ZIP48184ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeSUPPORT OF EDUCATION AND THE ARTSGrantOrContributionPurposeTxt
Amt$15,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$15,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$14,142UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$14,142UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,142TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number04LineNumberTxt
Relationship StatementINVESTMENT INCOME IS DISTRIBUTED TO SUPPORT EDUCATIONRelationshipStatementTxt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$3,316Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIDELITY ADVISOR HIGH INCOME FUND$42,014$38,806
FIDELTY ADVISOR STRATEGIC INCOME FD$139,214$123,191
FIDELITY ADVISOR NEW INSIGHTS FD$27,301$24,893
FIDELITY ADVISOR STRATEGIC DIVIDEND$46,258$49,952
FIDELITY ADVISOR MULTI ASSET INCOME$60,000$51,505

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$434Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt