LOISELLE FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LOISELLE FOUNDATION INC (EIN 20-0707679)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-04-30
IRS object ID: 201331209349100708
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
Accounting Fees Schedule
Investments Other Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-30T10:34:44-04:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	352261108	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Loiselle & Associates	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	865 South Main Suite 2	AddressLine1
City	Plymouth	City
State	MI	State
ZIP Code	48170	ZIPCode

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

Filer Filer

Field	Value	IRS element (for citing)
EIN	200707679	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LOISELLE FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LOIS	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	865 SOUTH MAIN	AddressLine1
City	PLYMOUTH	City
State	MI	State
ZIP Code	48170	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JASON LOISELLE	Name
Title	PRESIDENT	Title
Phone	7344599970	Phone
Date Signed	2013-05-01	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jason R Loiselle CPA	Name
PTIN	P00578067	PTIN
Phone	7344599970	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	370833	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	18750	DividendsRevAndExpnss
Dividends Net Invst Incm	18750	DividendsNetInvstIncm
Total Revenue And Expenses	18750	TotalRevenueAndExpenses
Total Net Investment Income	18750	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	2171	AccountingFeesRevAndExpnss
Taxes Rev And Expnss	199	TaxesRevAndExpnss
Tot Opr Expenses Rev And Expnss	2370	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	19000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	19000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	21370	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	19000	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-2620	ExcessOfRevenueOverExpenses
Net Investment Income	18750	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	8991	CashBOY
Cash EOY	6233	CashEOY
Cash EOYFMV	6233	CashEOYFMV
Investments Other BOY	304451	InvestmentsOtherBOY
Investments Other EOY	304589	InvestmentsOtherEOY
Investments Other EOYFMV	364600	InvestmentsOtherEOYFMV
Total Assets BOY	313442	TotalAssetsBOY
Total Assets EOY	310822	TotalAssetsEOY
Total Assets EOYFMV	370833	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	313442	RetainedEarningsBOY
Retained Earnings EOY	310822	RetainedEarningsEOY
Total Net Assets BOY	313442	TotalNetAssetsBOY
Total Net Assets EOY	310822	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	313442	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	310822	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	313442	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-2620	ExcessOfRevenueOverExpenses
Subtotal	310822	Subtotal
Total Net Assets Fund Balances EOY	310822	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	18000	QualifyingDistributionsYear1
Noncharitable Assets Year1	354764	NoncharitableAssetsYear1
Distribution Ratio Year1	0.050738	DistributionRatioYear1
Qualifying Distributions Year2	17500	QualifyingDistributionsYear2
Noncharitable Assets Year2	343818	NoncharitableAssetsYear2
Distribution Ratio Year2	0.050899	DistributionRatioYear2
Qualifying Distributions Year3	16000	QualifyingDistributionsYear3
Noncharitable Assets Year3	377532	NoncharitableAssetsYear3
Distribution Ratio Year3	0.042381	DistributionRatioYear3
Qualifying Distributions Year4	20830	QualifyingDistributionsYear4
Noncharitable Assets Year4	410717	NoncharitableAssetsYear4
Distribution Ratio Year4	0.050716	DistributionRatioYear4
Qualifying Distributions Year5	25879	QualifyingDistributionsYear5
Noncharitable Assets Year5	501998	NoncharitableAssetsYear5
Distribution Ratio Year5	0.051552	DistributionRatioYear5
Total Distribution Ratio	0.246286	TotalDistributionRatio
Average Distribution Ratio	0.049257	AverageDistributionRatio
Net Noncharitable Assets	360221	NetNoncharitableAssets
Adjusted Noncharitable Assets	17743	AdjustedNoncharitableAssets
One Percent Net Investment Income	188	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	17931	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	19000	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	188	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	188	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	188	TaxBasedOnInvestmentIncome
Tax Due	188	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	FL	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Books In Care Of Person Name	JASON R LOISELLE	BooksInCareOfPersonName
Books In Care Of Phone Number	7344599970	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	865 SOUTH MAIN	AddressLine1
City	PLYMOUTH	City
State	MI	State
ZIP Code	48170	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

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	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
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 K LOISELLE
6445 WHITBY	GARDEN CITY	MI	48135	VICE PRESIDENT SECRETARY	0.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	365707	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	365707	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	365707	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	5486	CashDeemedCharitable
Net Noncharitable Assets	360221	NetNoncharitableAssets
Minimum Investment Return	18011	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	18011	MinimumInvestmentReturn
Tax Based On Investment Income	188	TaxBasedOnInvestmentIncome
Total Tax	188	TotalTax
Distributable Amount Before Adj	17823	DistributableAmountBeforeAdj
Distributable Amount Before Ded	17823	DistributableAmountBeforeDed
Distributable Amount As Adjusted	17823	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	19000	ExpensesAndContributions
Qualifying Distributions	19000	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	188	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	18812	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	17823	DistributableAmountAsAdjusted
Undistributed Income Prior Year	12764	UndistributedIncomePriorYear
Qualifying Distributions	19000	QualifyingDistributions
Applied To Year1	12764	AppliedToYear1
Applied To Current Year	6236	AppliedToCurrentYear
Undistributed Income CY	11587	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	LAWRENCE K LOISELLE	ContributingManager
Contributing Manager	RONALD G LOISELLE	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	COTI COMMUNITY CHRISTIAN SCHOO	RecipientPersonName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	206 23RD AVE	AddressLine1
City	INDIAN ROCKS BEACH	City
State	FL	State
ZIP Code	33785	ZIPCode

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationship
Recipient Foundation Status	ACTIVE	RecipientFoundationStatus
Purpose Of Grant Or Contribution	SUPPORT CHRISTIAN EDUCATION	PurposeOfGrantOrContribution
Amount	$19,000	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	19000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Business Code	900001	BusinessCode
Unrelated Business Income	$18,750	UnrelatedBusinessIncomeAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$18,750	UnrelatedBusinessIncomeAmount

Field	Value	IRS element (for citing)
Total Part XVIA	18750	TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Field	Value	IRS element (for citing)
Line Number	4	LineNumber
Relationship Statement	INVESMT INCOME IS DISTRIBUTED TO SUPPORT EDUCATION	RelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	Category
Amount	$2,171	Amount
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (4 entries)

Category Or ItemCategoryOrItem	Book ValueBookValue	EOYFMVEOYFMV
FIDELITY ADVISOR HIGH INCOME FUND	101269	135181
FIDELTY ADVISOR STRATEGIC INCOME FD	144401	149807
FIDELITY PRIME MM FUND	399	399
FIDELITY ADVISOR NEW INSIGHTS FD	58520	79213

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FEDERAL TAXES	Category
Amount	$199	Amount
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps