JERRY & EDITH MARLATT FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: JERRY & EDITH MARLATT FAMILY FOUNDATION (EIN 91-1759170)
Tax period: 2012-10-01 to 2013-09-30
Filed: 2014-01-20
IRS object ID: 201410209349100351
Schema version: 2012v2.1
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
Gain Loss Sale Other Assets Sch
Gain Loss Sale Other Assets Sch
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-01-20T16:39:46-06:00	Timestamp
Tax Period End Date	2013-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Redden & Associates P C	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3810 Ave A Suite E	AddressLine1
City	KEARNEY	City
State	NE	State
ZIP Code	68847	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	911759170	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Jerry & Edith Marlatt Family	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	JERR	NameControl
Phone	3082373352	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6365 30th Ave	AddressLine1
City	Kearney	City
State	NE	State
ZIP Code	68845	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Jerry Marlatt	Name
Title	President	Title
Date Signed	2014-01-20	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Joy E Redden	Name
PTIN	P00463495	PTIN
Phone	3082375344	Phone
Date Prepared	1914-01-20	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	601902	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	13660	DividendsRevAndExpnss
Dividends Net Invst Incm	13660	DividendsNetInvstIncm
Dividends Adj Net Incm	13660	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	-16826	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	117932	GrossSalesPrice
Total Revenue And Expenses	-3166	TotalRevenueAndExpenses
Total Net Investment Income	13660	TotalNetInvestmentIncome
Total Adjusted Net Income	13660	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	1910	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1910	AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm	1910	AccountingFeesAdjNetIncm
Taxes Rev And Expnss	228	TaxesRevAndExpnss
Taxes Net Invst Incm	228	TaxesNetInvstIncm
Taxes Adj Net Incm	228	TaxesAdjNetIncm
Other Expenses Rev And Expnss	20	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	20	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	20	OtherExpensesAdjNetIncm
Tot Opr Expenses Rev And Expnss	2158	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	2158	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	2158	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	13835	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	13835	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	15993	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	2158	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	2158	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	13835	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-19159	ExcessOfRevenueOverExpenses
Net Investment Income	11502	NetInvestmentIncome
Adjusted Net Income	11502	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Investments Corp Stock BOY	483361	InvestmentsCorpStockBOY
Investments Corp Stock EOY	464202	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	601902	InvestmentsCorpStockEOYFMV
Total Assets BOY	483361	TotalAssetsBOY
Total Assets EOY	464202	TotalAssetsEOY
Total Assets EOYFMV	601902	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	483361	CapitalStockBOY
Capital Stock EOY	464202	CapitalStockEOY
Total Net Assets BOY	483361	TotalNetAssetsBOY
Total Net Assets EOY	464202	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	483361	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	464202	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	483361	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-19159	ExcessOfRevenueOverExpenses
Subtotal	464202	Subtotal
Total Net Assets Fund Balances EOY	464202	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
LORD ABBETT	D	2006-09-03	2012-12-21	110910	131272	-20362	-20362
INVESTMENT CO OF AMERICA	P	2006-09-30	2013-02-15	5000	3486	1514	1514
INVESTMENT CO OF AMERICA	P	2000-12-24	2012-12-21	2022		2022	2022

Field	Value	IRS element (for citing)
Capital Gain Net Income	-16826	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Qualifying Distributions Year1	18606	QualifyingDistributionsYear1
Noncharitable Assets Year1	479842	NoncharitableAssetsYear1
Distribution Ratio Year1	0.0388	DistributionRatioYear1
Qualifying Distributions Year2	19183	QualifyingDistributionsYear2
Noncharitable Assets Year2	469787	NoncharitableAssetsYear2
Distribution Ratio Year2	0.0408	DistributionRatioYear2
Qualifying Distributions Year3	15732	QualifyingDistributionsYear3
Noncharitable Assets Year3	419710	NoncharitableAssetsYear3
Distribution Ratio Year3	0.0375	DistributionRatioYear3
Qualifying Distributions Year4	12015	QualifyingDistributionsYear4
Noncharitable Assets Year4	351051	NoncharitableAssetsYear4
Distribution Ratio Year4	0.0342	DistributionRatioYear4
Qualifying Distributions Year5	18900	QualifyingDistributionsYear5
Noncharitable Assets Year5	500627	NoncharitableAssetsYear5
Distribution Ratio Year5	0.0378	DistributionRatioYear5
Total Distribution Ratio	0.1891	TotalDistributionRatio
Average Distribution Ratio	0.0378	AverageDistributionRatio
Net Noncharitable Assets	542992	NetNoncharitableAssets
Adjusted Noncharitable Assets	20525	AdjustedNoncharitableAssets
One Percent Net Investment Income	115	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	20640	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	13835	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	230	InvestmentIncomeExciseTax
Subtotal	230	Subtotal
Tax Based On Investment Income	230	TaxBasedOnInvestmentIncome
Tax Due	230	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
New Substantial Contributors	false	NewSubstantialContributors
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Jerry Marlatt	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	3082373352	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	6365 30th Ave Kearney NE	AddressLine1
City	Kearney	City
State	NE	State
ZIP Code	688452016	ZIPCode

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
Jerry Marlatt
6365 30th Ave	Kearney	NE	68845	Pres	1	0
Edith Marlatt
6365 30th Ave	Kearney	NE	68845	Sec	1	0
Jeffrey Marlatt
unknown	Sandy	UT	84070	Director	1	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	NONE	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	551261	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	551261	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	551261	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	8269	CashDeemedCharitable
Net Noncharitable Assets	542992	NetNoncharitableAssets
Minimum Investment Return	27150	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	27150	MinimumInvestmentReturn
Tax Based On Investment Income	230	TaxBasedOnInvestmentIncome
Total Tax	230	TotalTax
Distributable Amount Before Adj	26920	DistributableAmountBeforeAdj
Distributable Amount Before Ded	26920	DistributableAmountBeforeDed
Distributable Amount As Adjusted	26920	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	13835	ExpensesAndContributions
Qualifying Distributions	13835	QualifyingDistributions
Adj Qualifying Distributions	13835	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	26920	DistributableAmountAsAdjusted
Undistributed Income Prior Year	2809	UndistributedIncomePriorYear
Qualifying Distributions	13835	QualifyingDistributions
Applied To Year1	2809	AppliedToYear1
Applied To Current Year	11026	AppliedToCurrentYear
Undistributed Income CY	15894	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	JERRY MARLATT	ContributingManager
Shareholder Manager	NONE	ShareholderManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (13 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CHRISTIAN RECORD SERVIC
P O BOX 6097	LINCOLN	NE	68506	PAID	CONTRIBUTION	$1,000
SPECIAL OLYMPIC OF NE
11011 Q ST	OMAHA	NE	68137	PAID	CONTRIBUTION	$110
NET TV FOUNDATION
1800 33RD ST	LINCOLN	NE	68503	PAID	CONTRIBUTION	$1,000
KY PUBLIC SCHOOL FOUND
310 W 24TH ST	KEARNEY	NE	68845	PAID	CONTRIBUTION	$1,000
WILDLIFE FOREVER
2700 FREEWAY BLVD	MINNEAPOLIS	MN	55430	PAID	CONTRIBUTION	$125
KY AREA CONCERNED CITZ
2700 CENTRAL AVE	KEARNEY	NE	68847	PAID	CONTRIBUTION	$100
UNITED WAY OF KNY
4009 6TH AVE SUITE 19	KEARNEY	NE	68845	PAID	CONTRIBUTION	$3,000
SALVATION ARMY
15 E 18TH	KEARNEY	NE	68847	PAID	CONTRIBUTION	$1,000
HABITAT FOR HUMANITY
1815 1ST AVE	KEARNEY	NE	68847	PAID	CONTRIBUTION	$3,000
TRAIL RAILS MUSEUM
710 11TH ST	KEARNEY	NE	68845	PAID	CONTRIBUTION	$1,000
KY COMM FOUNDATION
2700 CENTRAL AVE	KEARNEY	NE	68847	PAID	CONTRIBUTION	$1,000
KY JUBILEE CENTER
2523 AVE A	KEARNEY	NE	68847	PAID	CONTRIBUTION	$1,000
GOODWILL INDUSTRIES
1804 S EDDY	GRAND ISLAND	NE	68802	PAID	CONTRIBUTION	$500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	13835	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	$13,660	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion	-$16,826	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	-$3,166	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	-3166	TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Field	Value	IRS element (for citing)
Line Number	1	LineNumber
Relationship Statement	none	RelationshipStatement

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	LORD ABBETT	Name
Date Acquired	2006-09	DateAcquired
Date Sold	1921-12	DateSold
Gross Sales Price	110910	GrossSalesPrice
Basis	131272	Basis

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	INVESTMENT CO OF AMERICA	Name
Date Acquired	2006-09	DateAcquired
Date Sold	2013-02	DateSold
Gross Sales Price	5000	GrossSalesPrice
Basis	3486	Basis

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	INVESTMENT CO OF AMERICA	Name
Date Acquired	2012-12	DateAcquired
Date Sold	2012-12	DateSold
Gross Sales Price	2022	GrossSalesPrice

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (5 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
EDWARD JONE DAILY PASSPORT	1135	1135
INCOME FUND OF AMERICA	180270	127026
INVESTMENT CO OF AMERICA	107736	208086
NEW PERSPECTIVE	62333	91836
FRANKLIN MUTUAL	112728	173819