LOISELLE FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LOISELLE FOUNDATION INC (EIN 20-0707679)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-25
- IRS object ID
- 201201779349100055
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-06-25T13:25:47-04:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2011-01-01 | 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 R LOISELLE | Name |
| Title | PRESIDENT | Title |
| Phone | 7344599970 | Phone |
| Date Signed | 2012-06-25 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jason R Loiselle CPA | Name |
| Phone | 7344599970 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 347528 | 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 | 19936 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 19936 | DividendsNetInvstIncm |
| Total Revenue And Expenses | 19936 | TotalRevenueAndExpenses |
| Total Net Investment Income | 19936 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 316 | AccountingFeesRevAndExpnss |
| Interest Rev And Expnss | 3 | InterestRevAndExpnss |
| Taxes Rev And Expnss | 151 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 470 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 18000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 18000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 18470 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 18000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 1466 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 19936 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 7647 | CashBOY |
| Cash EOY | 8991 | CashEOY |
| Cash EOYFMV | 8991 | CashEOYFMV |
| Investments Other BOY | 304329 | InvestmentsOtherBOY |
| Investments Other EOY | 304451 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 338537 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 311976 | TotalAssetsBOY |
| Total Assets EOY | 313442 | TotalAssetsEOY |
| Total Assets EOYFMV | 347528 | TotalAssetsEOYFMV |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 311976 | RetainedEarningsBOY |
| Retained Earnings EOY | 313442 | RetainedEarningsEOY |
| Total Net Assets BOY | 311976 | TotalNetAssetsBOY |
| Total Net Assets EOY | 313442 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 311976 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 313442 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 311976 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 1466 | ExcessOfRevenueOverExpenses |
| Subtotal | 313442 | Subtotal |
| Total Net Assets Fund Balances EOY | 313442 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 17500 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 343818 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.050899 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 16000 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 377532 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.042381 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 20830 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 410717 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.050716 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 25879 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 501998 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.051552 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 25000 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 496987 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.050303 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.245851 | TotalDistributionRatio |
| Average Distribution Ratio | 0.04917 | AverageDistributionRatio |
| Net Noncharitable Assets | 354764 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 17444 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 199 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 17643 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 18000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 199 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 199 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 199 | TaxBasedOnInvestmentIncome |
| Tax Due | 199 | 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 | 0 | 0 | 0 |
| RONALD G LOISELLE | ||||||||
| 865 SOUTH MAIN | PLYMOUTH | MI | 48170 | DIRECTOR | 0 | 0 | 0 | 0 |
| LAWRENCE K LOISELLE | ||||||||
| 6445 WHITBY | GARDEN CITY | MI | 48135 | VICE PRESIDENT | 0 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 360167 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 360167 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 360167 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 5403 | CashDeemedCharitable |
| Net Noncharitable Assets | 354764 | NetNoncharitableAssets |
| Minimum Investment Return | 17738 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 17738 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 199 | TaxBasedOnInvestmentIncome |
| Total Tax | 199 | TotalTax |
| Distributable Amount Before Adj | 17539 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 17539 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 17539 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 18000 | ExpensesAndContributions |
| Qualifying Distributions | 18000 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 199 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 17801 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 17539 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 17738 | UndistributedIncomePriorYear |
| Excess Distri Carryover Year4 | 1021 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 634 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 2399 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 459 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 4513 | TotalExcessDistriCarryover |
| Qualifying Distributions | 18000 | QualifyingDistributions |
| Applied To Year1 | 17738 | AppliedToYear1 |
| Applied To Current Year | 262 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 4513 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 4513 | ExcessDistriCyovAppliedCY |
| Undistributed Income CY | 12764 | 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 SCHL | RecipientPersonName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 206 23RD AVE | AddressLine1 |
| City | INDIAN ROCKS BEAC | 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 | SUPPORTCHRISTIANEDUCATION | PurposeOfGrantOrContribution |
| Amount | $17,500 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 17500 | 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 | $19,936 | UnrelatedBusinessIncomeAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $19,936 | UnrelatedBusinessIncomeAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 19936 | TotalPartXVIA |
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 | $316 | 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 | 126965 |
| FIDELTY ADVISOR STRATEGIC INCOME FD | 144401 | 142600 |
| FIDELITY PRIME MM FUND | 521 | 399 |
| FIDELITY ADVISOR NEW INSIGHTS FD | 58260 | 68573 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | Category |
| Amount | $151 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |