LOISELLE FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- LOISELLE FOUNDATION INC (EIN 20-0707679)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-05-04
- IRS object ID
- 201811279349100006
- Schema version
- 2017v2.2
- 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) |
|---|---|---|
| Return | 2018-05-04T08:54:29-04:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 352261108 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOISELLE & ASSOCIATES | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 865 S MAIN SUITE 2 | AddressLine1Txt |
| City | Plymouth | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48170 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200707679 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOISELLE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOIS | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 865 SOUTH MAIN | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48170 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JASON R LOISELLE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7344599970 | PhoneNum |
| Signature | 2018-05-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jason R Loiselle CPA | PreparerPersonNm |
| PTIN | P00578067 | PTIN |
| Phone | 7344599970 | PhoneNum |
| Preparation | 2018-05-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $378,785 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $18,925 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $18,925 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,007 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $24,988 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,007 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $22,932 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $22,932 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $3,301 | AccountingFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $218 | TaxesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $3,519 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $19,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $19,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $22,519 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $19,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $413 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $22,932 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $16,418 | CashBOYAmt |
| Cash EOY | $18,886 | CashEOYAmt |
| Cash EOYFMV | $18,886 | CashEOYFMVAmt |
| Other Investments BOY | $331,198 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $329,143 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $359,899 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $347,616 | TotalAssetsBOYAmt |
| Total Assets EOY | $348,029 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $378,785 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $347,616 | RetainedEarningBOYAmt |
| Retained Earning EOY | $348,029 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $347,616 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $348,029 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $347,616 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $348,029 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $347,616 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $413 | ExcessRevenueOverExpensesAmt |
| Subtotal | $348,029 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $348,029 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 548 SHS FA STRATEGIC DIV AND INC | P | 2015-10-20 | 2017-10-03 | $8,497 | $7,674 | $823 | $823 |
| 502 SHS FA HIGH INCOME FD | P | 2009-05-13 | 2017-10-03 | $3,997 | $3,283 | $714 | $714 |
| 603 SHS FA STRATEGIC INC | P | 2007-05-21 | 2017-10-03 | $7,497 | $7,328 | $169 | $169 |
| 163 SHS FA NEW INSIGHTS | P | 2010-08-23 | 2017-10-03 | $4,997 | $2,696 | $2,301 | $2,301 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,007 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $19,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $359,240 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.052889 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $19,560 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $369,960 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.052871 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $19,500 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $384,327 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.050738 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $19,000 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $373,249 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.050904 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $19,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $360,221 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.052745 | DistributionYr5Rt |
| Total Distribution | 0.260148 | TotalDistributionRt |
| Average Distribution | 0.05203 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $374,537 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $19,487 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $229 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $19,716 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $19,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $459 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $459 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $459 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $459 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Individual With Books | JASON R LOISELLE | IndividualWithBooksNm |
| Phone | 7344599970 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 865 SOUTH MAIN | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48170 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JASON R LOISELLE | ||||||||
| 865 SOUTH MAIN | PLYMOUTH | MI | 48170 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| RONALD G LOISELLE | ||||||||
| 865 SOUTH MAIN | PLYMOUTH | MI | 48170 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| LAWRENCE LOISELLE | ||||||||
| 6445 WHITBY | GARDEN CITY | MI | 48135 | VICE PRESIDENT SECRETARY | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $363,361 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $16,880 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $380,241 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $380,241 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,704 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $374,537 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $18,727 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $18,727 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $459 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $459 | TotalTaxAmt |
| Distributable Before Adj | $18,268 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $18,268 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $18,268 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $19,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $19,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $19,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $18,268 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $7,619 | UndistributedIncomePYAmt |
| Qualifying Distributions | $19,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $7,619 | AppliedToYear1Amt |
| Applied To Current Year | $11,381 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $6,887 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | LAWRENCE K LOISELLE | ContributingManagerNm |
| Contributing Manager | RONALD G LOISELLE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CHURCH OF THE ISLES | |||||||
| 206 23RD AVE | INDIAN ROCKS BEACH | FL | 33785 | NONE | PC | SUPPORT CHRISTIAN EDUCATION AND ARTS | $2,500 |
| FIRST UNITED METHODIST CHURCH | |||||||
| 45201 N TERRITORIAL RD | PLYMOUTH | MI | 48170 | NONE | PC | SUPPORT CHRISTIAN EDUCATION AND THE ARTS | $7,500 |
| PLYMOUTH CHRISTIAN ACADEMY | |||||||
| 43065 JOY RD | CANTON | MI | 48187 | NONE | PC | SUPPORT CHRISTIAN EDUCATION AND THE ARTS | $9,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $19,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900001 | BusinessCd |
| Unrelated Business Taxbl Incm | $18,925 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $18,925 | UnrelatedBusinessTaxblIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $18,925 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 04 | LineNumberTxt |
| Relationship Statement | INVESTMENT INCOME IS DISTRIBUTED TO SUPPORT EDUCATION | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $3,301 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY ADVISOR HIGH INCOME FUND | $47,138 | $55,675 |
| FIDELTY ADVISOR STRATEGIC INCOME FD | $144,984 | $147,419 |
| FIDELITY ADVISOR NEW INSIGHTS FD | $28,904 | $40,469 |
| FIDELITY ADVISOR ENERGY FD | $8,561 | $9,513 |
| FIDELITY ADVISOR STRATEGIC DIVIDEND | $89,992 | $96,914 |
| FIDELITY ADVISOR REAL EST INCOME | $9,564 | $9,909 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL TAXES | $157 | $0 | $0 | $0 |
| ANNUAL REPORT | $61 | $0 | $0 | $0 |