STRATEGY STUDIO / PUBLIC DATA EXPLORER

LEON AND OLLIE CRAIG FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LEON AND OLLIE CRAIG FOUNDATION INC (EIN 77-0475709)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-14
IRS object ID
201723189349103307
Schema version
2016v3.0
Note
A later return for the same period supersedes this one.
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)
Return2017-11-14T16:39:10-08:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GILMAN HARRIS TRAVIOLI SLOVERBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1313 E CALDWELL AVEAddressLine1Txt
CityVISALIACityNm
State AbbreviationCAStateAbbreviationCd
ZIP93277ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770475709EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEON & OLLIE CRAIG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEONBusinessNameControlTxt
Phone5596272725PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1313 E CALDWELL AVEAddressLine1Txt
CityVISALIACityNm
State AbbreviationCAStateAbbreviationCd
ZIP93277ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRONALD ORLOPPPersonNm
Person TitlePresidentPersonTitleTxt
Signature2017-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRIS L HARRISPreparerPersonNm
PTINP00082198PTIN
Phone5596272725PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,277,908FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,305,994ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,189InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,189InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5,189InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$16,219DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,219DividendsNetInvstIncmAmt
Dividends Adj Net Incm$16,219DividendsAdjNetIncmAmt
Total Rev And Expnss$1,327,402TotalRevAndExpnssAmt
Total Net Invst Incm$21,408TotalNetInvstIncmAmt
Total Adj Net Incm$21,408TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$7,152AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,467AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$7,152AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Taxes Adj Net Incm$10TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$162OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$162OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$7,324TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,467TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$7,324TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$39,324TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,467TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$7,324TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$32,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,288,078ExcessRevenueOverExpensesAmt
Net Investment Income$17,941NetInvestmentIncomeAmt
Adjusted Net Income$14,084AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,656CashBOYAmt
Cash EOY$199,010CashEOYAmt
Cash EOYFMV$199,010CashEOYFMVAmt
Other Nts And Loans Rcvbl$309,671OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl EOY$309,671OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$309,671OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments EOY$769,227OtherInvestmentsEOYAmt
Other Investments EOYFMV$769,227OtherInvestmentsEOYFMVAmt
Total Assets BOY$7,656TotalAssetsBOYAmt
Total Assets EOY$1,277,908TotalAssetsEOYAmt
Total Assets EOYFMV$1,277,908TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$7,656RetainedEarningBOYAmt
Retained Earning EOY$1,277,908RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$7,656TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,277,908TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,656TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,277,908TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,656TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,288,078ExcessRevenueOverExpensesAmt
Subtotal$1,295,734SubtotalAmt
Other Decreases$17,826OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,277,908TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$359InvestmentIncomeExciseTaxAmt
Subtotal$359SubtotalAmt
Tax Based On Investment Income$359TaxBasedOnInvestmentIncomeAmt
Tax Due$359TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1CHRIS L HARRISBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5596272725PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1313 E CALDWELL AVEAddressLine1Txt
CityVISALIACityNm
State AbbreviationCAStateAbbreviationCd
ZIP93277ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
RONALD ORLOPP
42055 ROAD 160OROSICA93647President0.00$0
GARY BURNS
4806 W MINERAL KING AVE STE AVISALIACA93291Secretary0.00$0
TRACI CLEVENGER
313 E CALDWELL AVEVISALIACA93277Vice President0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1SCHOLARSHIPS AWARDED TO STUDENTS FURTHERING EDUCATIONDescription1Txt
Expenses1$32,000Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$359TaxBasedOnInvestmentIncomeAmt
Total Tax$359TotalTaxAmt
Distributable Before Adj$359DistributableBeforeAdjAmt
Distributable Before Ded$359DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$32,000ExpensesAndContributionsAmt
Qualifying Distributions$32,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$32,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,000ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,000ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$6,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$29,000TotalExcessDistributionCyovAmt
Qualifying Distributions$32,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$32,000RemainingDistriFromCorpusAmt
Total Corpus$61,000TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,000ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$55,000ExcessDistriCyovToNextYrAmt
Excess From Year4$8,000ExcessFromYear4Amt
Excess From Year3$6,000ExcessFromYear3Amt
Excess From Year2$5,000ExcessFromYear2Amt
Excess From Year1$4,000ExcessFromYear1Amt
Excess From Current Year$32,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
REDWOOD HIGH SCHOOL SCHOLARSHIP PRO
1001 W MAIN STREETVISALIACA93291NONESCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$5,000
GOLDEN WEST HIGH SCHOOL SCHOLARSHIP
1717 N MCAULIFF ROADVISALIACA93292NONESCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$5,000
EL DIAMANTE HIGH SCHOOL SCHOLARSHIP
5100 W WHITENDALE AVENUEVISALIACA93277NONESCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$5,000
MT WHITNEY HIGH SCHOOL SCHOLARSHIP
900 S CONYER STREETVISALIACA93277NONESCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$5,000
WOODLAKE UNION HIGH SCHOOL SCHOLARS
400 W WHITNEY AVEWOODLAKECA93286NONESCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$5,000
EXETER UNION HIGH SCHOOL PROG
505 ROCKY HILL DRIVEEXETERCA93221N/ASCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$5,000
ABIGAL O'KEEFE
3024 PINE STREETHANFORDCA93230NONESCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,189RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,219RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,408RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,408TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
OLLIE CRAIG REVOCABLE TRUST
1313 E CALDWELL AVEVISALIACA93277$207,259Yes (X)
OLLIE CRAIG CHARITABLE REMAINDER TR
2313 E CALDWELL AVEVISALIACA93277$311,683Yes (X)
OLLIE CRAIG CHARITABLE REMAINDER TR
3313 E CALDWELL AVENUEVISALIACA93277$787,052Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
2NOTE RECEIVABLE, SECURED WITH TRUST DEED ON REAL PROPERTY$311,6832016-08-30
3MARKETABLE SECURITIES$787,0522016-08-18

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNTING FEES$3,685$0$3,685$0
ADVISOR FEES$3,467$3,467$3,467$0

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemSECURITIESCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$769,227BookValueAmt
EOYFMV$769,227EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$162RevenueAndExpensesPerBooksAmt
Adjusted Net Income$162AdjustedNetIncomeAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1JAY WESTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$309,671BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFRANCHISE TAX BOARDCategoryTxt
Amt$10Amt
Adjusted Net Income$10AdjustedNetIncomeAmt