GALLAGHER FAMILY FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- GALLAGHER FAMILY FOUNDATION (EIN 42-1362579)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-05-11
- IRS object ID
- 201611329349102331
- Schema version
- 2015v2.1
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-11T15:03:56-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420728423 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARNEY ALEXANDER MAROLD & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1290 | AddressLine1Txt |
| City | WATERLOO | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 507041290 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421362579 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GALLAGHER FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GALL | BusinessNameControlTxt |
| Phone | 3192342206 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1351 | AddressLine1Txt |
| City | WATERLOO | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50704 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EJ GALLAGHER III | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3192342206 | PhoneNum |
| Signature | 2016-04-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN J BURNS | PreparerPersonNm |
| PTIN | P00305860 | PTIN |
| Phone | 3192333318 | PhoneNum |
| Preparation | 2016-05-03 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,991,234 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $3,491,290 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $9,747 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $9,747 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $71,657 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $71,657 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $273,798 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,389,803 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $273,798 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $533,098 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $533,098 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,379,590 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $888,300 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $6,473 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $3,237 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $3,236 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $7,094 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $3,347 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,347 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,960 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,480 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,480 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $2,000 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $403 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $201 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $202 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,050 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,727 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,323 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $27,980 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $12,992 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $12,588 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $194,898 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $194,898 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $222,878 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $12,992 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $207,486 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,156,712 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $875,308 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $168,576 | CashBOYAmt |
| Cash EOY | $540,790 | CashEOYAmt |
| Cash EOYFMV | $540,790 | CashEOYFMVAmt |
| Acct Rcvbl | $447 | AcctRcvblAmt |
| Acct Rcvbl BOY | $447 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $447 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $447 | AcctRcvblEOYFMVAmt |
| US Government Obligations BOY | $35,993 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $730,892 | CorporateStockBOYAmt |
| Corporate Stock EOY | $328,952 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $308,581 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,158,723 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,397,684 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,141,416 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $15,323 | OtherInvestmentsBOYAmt |
| Total Assets BOY | $2,109,954 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,267,873 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,991,234 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $1,207 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $1,207 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $2,080,715 | CapitalStockBOYAmt |
| Capital Stock EOY | $6,105,103 | CapitalStockEOYAmt |
| Retained Earning BOY | $29,239 | RetainedEarningBOYAmt |
| Retained Earning EOY | $161,563 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,109,954 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,266,666 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,109,954 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,267,873 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,109,954 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,156,712 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,266,666 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $6,266,666 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (28 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| ILLINOIS ST GO | P | 2010-08-12 | 2015-01-20 | $35,099 | $35,993 | -$894 | -$894 |
| 460.134 SH HEWLETT PACKARD CO | D | 1998-12-01 | 2015-01-20 | $17,471 | $9,110 | $8,361 | $8,361 |
| JC PENNEY CORP | P | 2012-08-21 | 2015-01-20 | $12,182 | $13,394 | -$1,212 | -$1,212 |
| 1080.893 SH INTEL CORP | D | 1999-12-01 | 2015-01-20 | $38,470 | $20,313 | $18,157 | $18,157 |
| JPMORGAN CHASE & CO | P | 2013-10-09 | 2015-01-20 | $30,374 | $29,921 | $453 | $453 |
| 880.018 SH MERCK & CO | P | 2012-07-01 | 2015-01-20 | $54,527 | $34,258 | $20,269 | $20,269 |
| WACHOVIA CAP TR | P | 2014-04-09 | 2015-01-20 | $62,394 | $64,600 | -$2,206 | -$2,206 |
| 1234.647 SH TARGET CORP | D | 1998-12-01 | 2015-01-20 | $90,079 | $19,072 | $71,007 | $71,007 |
| MERRILL LYNCH & CO INC | P | 2012-01-26 | 2015-01-20 | $26,125 | $25,908 | $217 | $217 |
| 792.524 SH VODAPHONE GROUP PLC | P | 2011-07-01 | 2015-01-20 | $27,376 | $37,132 | -$9,756 | -$9,756 |
| ALCOA INC | P | 2012-12-21 | 2015-01-20 | $25,744 | $24,690 | $1,054 | $1,054 |
| 312.006 SH VERIZON COMMUNICATIONS | P | 2014-02-25 | 2015-01-20 | $14,721 | $15,022 | -$301 | -$301 |
| 4127.699 SH ALLSTATE CORP | P | 2014-03-20 | 2015-01-20 | $107,916 | $103,408 | $4,508 | $4,508 |
| 12558.646 SH PIMCO INCOME INST FUND | P | 2014-05-25 | 2015-01-21 | $154,572 | $157,146 | -$2,574 | -$2,574 |
| 1095.532 SH AT&T INC | P | 2011-07-01 | 2015-01-20 | $36,553 | $32,279 | $4,274 | $4,274 |
| 12343.805 SH TCW TOTAL RETURN BD FD | P | 2013-11-27 | 2015-01-21 | $132,177 | $128,904 | $3,273 | $3,273 |
| 738.175 SH APPLE INC | D | 2010-12-01 | 2015-01-20 | $79,080 | $35,648 | $43,432 | $43,432 |
| 4777.634 SH VANGUARD TOTAL BD MKT FD | P | 2012-08-30 | 2015-01-21 | $52,529 | $53,317 | -$788 | -$788 |
| 600 SH BP PLC | P | 2012-07-01 | 2015-01-20 | $22,248 | $25,350 | -$3,102 | -$3,102 |
| 4323.751 SH PARNASSUS CORE EQUITY FD | P | 2013-11-27 | 2015-01-21 | $174,784 | $156,048 | $18,736 | $18,736 |
| 482.307 SH CONOCOPHILLIPS | P | 2013-07-01 | 2015-01-20 | $29,986 | $29,214 | $772 | $772 |
| FR SH REGIONS FINANCIAL CORP | P | 2015-10-09 | $23 | -$23 | -$23 | ||
| 232.452 SH DEERE & CO. | D | 2007-12-01 | 2015-01-20 | $19,982 | $20,754 | -$772 | -$772 |
| FR SH ALLSTATE CORP | P | 2015-10-09 | $6 | -$6 | -$6 | ||
| 912.045 UNITS ENTERPRISE PRODUCTS PA | D | 2010-12-01 | 2015-01-20 | $30,745 | $15,323 | $15,422 | $15,422 |
| FR SH COCA COLACO | P | 2015-10-09 | $11 | $8 | $3 | $3 | |
| 369.527 SH EMERSON ELECTRIC CO | D | 2007-12-01 | 2015-01-20 | $21,888 | $20,700 | $1,188 | $1,188 |
| 692.080 SH FORD MOTOR CO | D | 1998-12-01 | 2015-01-20 | $10,099 | $8,464 | $1,635 | $1,635 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $273,798 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$573 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $79,532 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,162,046 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.036786 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $83,695 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,655,270 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.050563 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $70,673 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,509,447 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046820 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $68,976 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,471,002 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.046890 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $60,941 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,365,602 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.044626 | DistributionYr5Rt |
| Total Distribution | 0.225685 | TotalDistributionRt |
| Average Distribution | 0.045137 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,984,661 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $179,856 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $8,753 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $188,609 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $207,486 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $8,753 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $8,753 | SubtotalAmt |
| Tax Based On Investment Income | $8,753 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,026 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $2,026 | TotalPaymentsAndCreditsAmt |
| Tax Due | $6,727 | 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 | Yes (true) | 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 | IA | 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 |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | NANCY FISCHER | IndividualWithBooksNm |
| Phone | 6413571626 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2113 NORTH SHORE DR | AddressLine1Txt |
| City | CLEAR LAKE | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50428 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| EJ GALLAGHER III | ||||||||
| PO BOX 1351 | WATERLOO | IA | 50704 | PRESIDENT | 4.00 | $0 | $0 | $0 |
| MARY KAY BEECHER | ||||||||
| PO BOX 1351 | WATERLOO | IA | 50704 | VICE-PRESIDE | 1.00 | $0 | $0 | $0 |
| SHEILA KAIN | ||||||||
| PO BOX 1351 | WATERLOO | IA | 50704 | VICE-PRESIDE | 1.00 | $0 | $0 | $0 |
| NANCY FISCHER | ||||||||
| PO BOX 1351 | WATERLOO | IA | 50704 | SECRETARY | 4.00 | $6,473 | $0 | $0 |
| JOHN J BURNS | ||||||||
| PO BOX 1351 | WATERLOO | IA | 50704 | TREASURER | 2.00 | $0 | $0 | $0 |
| EDWARD J GALLAGHER JR DOD 4515 | ||||||||
| PO BOX 1351 | WATERLOO | IA | 50704 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,634,598 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $410,743 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,045,341 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $4,045,341 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $60,680 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,984,661 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $199,233 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $199,233 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,753 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8,753 | TotalTaxAmt |
| Distributable Before Adj | $190,480 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $190,480 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $190,480 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $207,486 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $207,486 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $8,753 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $198,733 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $190,480 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $85,269 | UndistributedIncomePYAmt |
| Qualifying Distributions | $207,486 | QualifyingDistributionsAmt |
| Applied To Year1 | $85,269 | AppliedToYear1Amt |
| Applied To Current Year | $122,217 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $68,263 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (41 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| AMERICAN MARTYRS RETREAT HOUSE | |||||||||
| 2209 NORTH UNION ROAD | CEDAR FALLS | IA | 50613 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| BLESSED SACRAMENT CHURCH | |||||||||
| 620 STEPHAN AVENUE | WATERLOO | IA | 50701 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| BOSCO CATHOLIC SCHOOL SYSTEM | |||||||||
| 405 16TH AVENUE | GILBERTVILLE | IA | 50634 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| BOYS & GIRLS CLUBS CEDAR VALLEY | |||||||||
| 515 LIME STREET | WATERLOO | IA | 50703 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| CATHOLIC CHARITIES | |||||||||
| 1229 MT LORETTA AVENUE | DUBUQUE | IA | 52003 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| CATHOLIC RURAL LIFE | |||||||||
| MAIL NUMBER 4080 | ST PAUL | MN | 557051078 | N/A | N/A | EDUCATION SUPPORT | $1,000 | UNIVERSITY OF ST THOMAS | 2115 SUMMIT AVENUE |
| CEDAR VALLEY CATHOLIC SCHOOLS | |||||||||
| 3231 WEST 9TH STREET | WATERLOO | IA | 50702 | N/A | N/A | EDUCATION SUPPORT | $5,000 | ||
| CEDAR VALLEY CHAMBER MUSIC | |||||||||
| 3010 SARATOGA DRIVE | WATERLOO | IA | 50702 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| CEDAR VALLEY UNITED WAY | |||||||||
| 425 CEDAR ST SUITE 300 | WATERLOO | IA | 50701 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| CLARKE UNIVERSITY | |||||||||
| 1550 CLARKE DRIVE | DUBUQUE | IA | 520013198 | N/A | N/A | EDUCATION SUPPORT | $28,907 | ||
| CONCEPTION ABBEY INC | |||||||||
| PO BOX 501 | CONCEPTION | MO | 64433 | N/A | N/A | EDUCATION SUPPORT | $1,000 | 37174 STATE HIGHWAY VV | |
| COVENANT FOUNDATION INC | |||||||||
| 3421 W 9TH STREET | WATERLOO | IA | 507025401 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| DEPT OF DEVELOPMENT MAYO CLINIC | |||||||||
| 200 FIRST STREET SW | ROCHESTER | MN | 55905 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| FRIENDS OF HARTMAN RESERVE | |||||||||
| 657 RESERVE DRIVE | CEDAR FALLS | IA | 50613 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| FRIENDS OF THE ART CENTER | |||||||||
| 225 COMMERCIAL STREET | WATERLOO | IA | 50701 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| FRIENDS OF THE WATERLOO PUBLIC LIBR | |||||||||
| 415 COMMERCIAL STREET | WATERLOO | IA | 50701 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| GEORGETOWN UNIVERSITY | |||||||||
| PO BOX 0734 | WASHINGTON | DC | 200730734 | N/A | N/A | EDUCATION SUPPORT | $10,000 | ||
| GROUT MUSEUM DISTRICT | |||||||||
| 503 SOUTH STREET | WATERLOO | IA | 50701 | N/A | N/A | EDUCATION SUPPORT | $25,000 | ||
| IOWA STATE BAR FOUNDATION | |||||||||
| 625 EAST COURT AVENUE | DES MOINES | IA | 50309 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| LORAS COLLEGE | |||||||||
| 1450 ALTA VISTA BOX 178 | DUBUQUE | IA | 52001 | N/A | N/A | EDUCATION SUPPORT | $29,728 | ||
| MEMORIAL FOUNDATION OF ALLEN HOSP | |||||||||
| 1825 LOGAN AVE | WATERLOO | IA | 50703 | N/A | N/A | EDUCATION SUPPORT | $2,000 | ||
| MOUNT MERCY UNIVERSITY | |||||||||
| 1330 ELMHURST DRIVE NE | CEDAR RAPIDS | IA | 524024797 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| NORTHEAST IOWA FOOD BANK | |||||||||
| BOX 2397 | WATERLOO | IA | 50704 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| OUR LADY OF THE MISSISSIPPI ABBEY | |||||||||
| 8400 ABBEY HILL ROAD | DUBUQUE | IA | 52003 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| QUEEN OF PEACE CHURCH | |||||||||
| 320 MULBERRY STREET | WATERLOO | IA | 50703 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| SACRED HEART CHURCH | |||||||||
| 627 WEST 4TH STREET | WATERLOO | IA | 50702 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| SESTERS OF ST FRANCIS | |||||||||
| MOUNT ST FRANCIS | DUBUQUE | IA | 520011311 | N/A | N/A | EDUCATION SUPPORT | $3,000 | 3390 WINDSOR AVENUE | |
| SISSINAWA DOMINICAN SISTERS | |||||||||
| 585 COUNTY RD Z | SINSINAWA | WI | 53824 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| SISTERS OF CHARITY BVM | |||||||||
| 1100 CARMEL DRIVE | DUBUQUE | IA | 520037991 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| SISTERS OF MERCY | |||||||||
| 7262 MERCY ROAD | OMAHA | NE | 68124 | N/A | NA/ | EDUCATION SUPPORT | $3,000 | ||
| SISTERS OF THE PRESENTATION BVM | |||||||||
| 2360 CARTER ROAD | DUBUQUE | IA | 52001 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| SOCIETY OF ST VINCENT DE PAUL | |||||||||
| 320 BROADWAY | WATERLOO | IA | 50703 | N/A | N/A | EDUCATION SUPPORT | $3,000 | ||
| ST EDWARD'S CHURCH | |||||||||
| 1423 KIMBALL AVENUE | WATERLOO | IA | 50702 | N/A | N/A | EDUCATION SUPPORT | $5,000 | ||
| ST STEPHENS CATHOLIC STUD CENTER | |||||||||
| 1019 WEST 23RD STREET | CEDAR FALLS | IA | 50613 | N/A | N/A | EDUCATION SUPPORT | $5,000 | ||
| STONEHILL BENEVOLENT FOUNDATION | |||||||||
| 3485 WINDSOR AVENUE | DUBUQUE | IA | 52001 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| THE JOB FOUNDATION | |||||||||
| 2712 ORCHARD DRIVE ST B2 | CEDAR FALLS | IA | 50613 | N/A | N/A | EDUCATION SUPPORT | $1,000 | ||
| UNI FOUNDATION ENDOWMENT FUND | |||||||||
| 205 COMMONS | CEDAR FALLS | IA | 506140282 | N/A | N/A | EDUCATION SUPPORT | $10,263 | ||
| WATERLOO COMMUNITY PLAYHOUSE | |||||||||
| 224 COMMERCIAL STREET | WATERLOO | IA | 50704 | N/A | N/A | EDUCATION SUPPORT | $1,000 | PO BOX 433 | |
| WATERLOO DEVELOPMENT CORPORATION | |||||||||
| 10 W FOURTH ST STE 310 | WATERLOO | IA | 50701 | N/A | N/A | EDUCATION SUPPORT | $10,000 | ||
| WATERLOO ROTARY CLUB | |||||||||
| 531 COMMERCIAL ST 604 | WATERLOO | IA | 50704 | N/A | N/A | EDUCATION SUPPORT | $1,000 | PO BOX 118 | |
| WATERLOO-CEDAR FALLS SYMPHONY ORCH | |||||||||
| GBPAC 17 | CEDAR FALLS | IA | 506140803 | N/A | N/A | EDUCATION SUPPORT | $5,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $194,898 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,747 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $71,657 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $273,798 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUITIES | Desc |
| Exclusion | 36 | ExclusionCd |
| Exclusion | $533,098 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $888,300 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $888,300 | TotalIncomeProducingActyAmt |
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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESTATE OF EDWARD J GALLAGHER JR | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1351 | AddressLine1Txt |
| City | WATERLOO | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50704 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $3,491,290 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | IRA STOCK ROLLOVER | NoncashPropertyDesc |
| Fair Market Value | $3,335,322 | FairMarketValueAmt |
| Received | 2015-07-22 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $8,960 | Amt |
| Net Investment Income | $4,480 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,480 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (19 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WELLS FARGO CO SUB NOTES | $97,156 | $96,464 |
| WELLS FARGO & COS | $116,003 | $116,834 |
| LORD ABBETT FUND | $174,641 | $165,734 |
| PACIFIC LIFE FUNDS | $54,276 | $50,452 |
| MERRILL LYNCH & CO NOTES | ||
| JCPENNEY CORP INC NOTES | ||
| ALCOA INC NOTES | ||
| JP MORGAN CHASE | ||
| VANGUARD TOTAL BOND MARKET IND FUND | ||
| TCW TOTAL RETURN FUND | ||
| PARNASSUS EQUITY INCOME FUND | ||
| MORGAN STANLEY MED TERM NOTES | $69,797 | $71,448 |
| PIMCO INCOME INST | ||
| WACHOVIA CAP TRUST | ||
| OW FIXED INCOME FUND | $865,623 | $848,927 |
| OW LARGE CAP CORE FUND | $825,950 | $770,313 |
| OW LARGE CAP STRATEGIES FUND | $1,653,037 | $1,581,896 |
| OW SMALL & MID CAP FUND | $607,149 | $556,884 |
| OW STRATEGIC OPPRYS FUND | $934,052 | $882,464 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (17 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FORD MOTOR CO | ||
| INTEL | ||
| TARGET CORP | ||
| HEWLETT PACKARD | ||
| AT&T PREFERRED | ||
| VODAPHONE GROUP PLC | ||
| DEERE & CO | ||
| EMERSON ELECTRIC | ||
| APPLE, INC | ||
| VERIZON COMMUNICATIONS | ||
| MERCK & CO | ||
| BP PLC | ||
| CONOCOPHILLIPS | ||
| REGIONS FINANCIAL | $278,212 | $194,774 |
| ALLSTATE CORP | $32,039 | $74,756 |
| COCA COLA | $18,701 | $39,051 |
| ALLSTATE CORP PFD |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd |
|---|---|
| ENTERPRISE PROD PARTNERS LP | AT COST |
| VISTEON WARRANTS | AT COST |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Fees | $7,094 | LegalFeesAmt |
| Net Investment Income | $3,347 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,347 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXPENSES | |||
| SERVICE CHARGES & FEES | $360 | $360 | |
| INSURANCE | $2,645 | $1,322 | $1,323 |
| POSTAGE | $10 | $10 | |
| SUPPLIES | $35 | $35 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUITIES | Desc |
| Revenue And Expenses Per Books | $533,098 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $533,098 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL WITHHOLDINGS | Desc |
| EOY Book Value | $1,207 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAXES | CategoryTxt |
| Amt | $2,000 | Amt |